Wednesday, April 22, 2009

Brown's Bullies force IMF to hide real cost of Bank Bailout!

The IMF, in the report I highlighted yesterday, put Britain's banking disaster costs at 200 billion dollars (140 billion ponds) but the filth who govern the UK are still trying to pretend it will only be 6o billion pounds or possibly might still turn a profit. Read here. Surprisingly the BBC Today programme is making much of this (are they finally getting the wind up?) reporting on this fact as well as government alarm that they might not be able to finance all their borrowing of which this blog has repeatedly forewarned (eg here). Listen here to what was reported at 0721 this morning. The Independent carries the original IMF figures which you may read here. A quote: The IMF said the cost to the UK of financial stabilisation could be as much as 13.4 per cent of GDP, the highest of any advanced nation except Ireland, although analysts pointed out that this was the "worst-case scenario". That would be the equivalent of £200bn, or £3,000 for every man, woman and child in the country. Brown might be able to bully the IMF into withdrawal and deceit but he can never escape the true disaster he has created, for there is now no way out for the country, cue returning chickens!

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