Costing the US bailout
I am grateful to this blogger for helping with the impossible task of getting the size of the bailout of US banks into perspective. In real terms, the US could have bought Louisiana off Napoleon for 21 times the price they actually paid, and still pocketed some change. Or they could have fought the war in Vietnam nearly seven times, or sent nearly 20 manned missions to the moon.
Alternatively, for the same amount, assuming a parity of one dollar 51 cents to the pound, I calculate that you could buy The Independent at its current price of £1 every day excluding Sundays for just under 10 billion years.Tagged in: bailout, citi, us
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