Banking Crisis - Borrowing from the Federal Reserve

Banking Crisis - Borrowing from the Federal Reserve

Banking Crisis - Borrowing from the Federal Reserve

Revealing the scale of the disaster in four minutes

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Guest (135 days ago)

stupid americans

neilhoskinsNeilHoskins (296 days ago)

That's not what I'm saying; inflation is just one part of it. The economy grows by a certain percentage each year. You have to look at what's going on as a *proportion* of the total size of the economy. Hint: when I was a kid you got excited if the ftse went over 400: now it's 4000 and above. We didn't starve; our parents had jobs. OK, we didn't have cars and didn't take our holidays in the Maldives, but personally I'm not going to jump off a bridge or slash my wrists if I have to give those things up.

Guest: London1 (297 days ago)

Adjust $1.8 billion to todays figures and you'll get a shit load more than $8 billion !

Guest: bigN (297 days ago)

Nice one! Increase the fear! That'll help. Ultimately the credit crunch has been bought on by fear

Guest (297 days ago)

FEAR AND MASS PROFIT was the whole f u c k i n g point!

Guest: NeilH (297 days ago)

Utter crap. Absolute sums of money like this mean nothing; you have to look at %age of GDP. I really don't know why people are stoking up the fear like this: maybe they're planning on making a profit by buying everything up once it reaches rock bottom. Capitalist bastards.

Guest (296 days ago)

Yup, utter tosh. If you adjust figures from 1929 to today's money, it's just under 10. Thus, you'd only get USD 10bn, still soem way off the USD 700bn today. But bear in mind much more access to credit per head of population and you'll get a better idea. As a % of adjusted GDP per capita would have been much more insightful....
   

Guest (82 days ago)

Latest comment: "thats actually a good point "