Collapse of Capitalism (3)

Yesterday: Iceland

How did it get to the stage where Prime Minister Geir Haarde had to warn his people that their nation faced bankruptcy? (Source)

Today: Banks of Great Britain

The worsening credit crisis has forced the U.K. to join the United States, Ireland, Iceland, Belgium and Spain in rushing out untested bailout measures to save their largest banks. RBS and HBOS, Britain's biggest mortgage lender, surrendered more than half their market value this week as investors lost confidence in their ability to fund themselves. (source)

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