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I assume you mean Billions. In any case, the Guardian claimed the exposure of foreign banks was 5 times that, as late as March 2010. So foreign banks still have an exposure of 400 billion.
Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
The Neo-libs are always shouting the State should not interfere with private contracts so ... the State should not interfere and let the derivatives go south.
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
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