Monday, 21 March 2011

Banks 1, Japan 0

Apparently the Japanese tsunami is going to cost them 'as much as £145bn'. That's a lot of money. How will we ever find enough cash to help them out?

Oh wait. The UK found £20bn to bail out the banks, according to the Bank of England. The US handed over $100bn. The total cost to the UK economy in lost output is £7.4 trillion.

Funny how fast the banks got their (our) cash. Funny how slow it's going to be to help the Japanese. I'm going to phone my bank and ask them to send the money I lent them via the government to Japan.

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