Posted by: Philip Carr-Gomm | September 25, 2008

A No-brainer?

The Iraq War could cost US its Financial System
The International Monetary Fund estimates that the total cost to banks of losses stemming from the subprime crisis will amount to $1,000bn; the cost of the war in Iraq, according to other estimates, particularly one by Linda Bilmes and Joseph Stiglitz, will come to $3,000bn.
John M. Coates.


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