22 April 2009

incompetent AND economically illiterate - a deadly combination

Apparently the IMF made a mistake when it claimed the UK faced a £200bn bill for bailing out the banks in its 'Global Stability Report' (a phrase to rival Orwell's 'Ministry of Truth', surely. The true figure is closer to £60bn - still a huge number but a long way short of £200bn. 

We've already seen that the IMF are good at wrecking economies - now it emerges that they have no quality control, either. 

Laugh? I nearly bankrupted a small country.

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