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Cool BBC site on US vs UK financial industry bailout.

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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-19-09 06:34 AM
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Cool BBC site on US vs UK financial industry bailout.
http://news.bbc.co.uk/2/hi/business/8249411.stm

$11 trillion globally in spent to bailout the financial industry. $9.2 trillion from rich countries, $1.6 trillion from China and others.

$3.6 trillion spent by the US, $2.4 trillion by the UK, $3.2 trillion by other rich countries.

US bailout = 25% of its GDP and $10,000 per person. UK bailout = 94% of its GDP and $50,000 per person.

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I know the UK had been hit hard, but for a country with about 1/5 of the US population (UK - 60,000,000), they really had a huge bailout.
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