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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (37264)	7/16/2008 6:52:19 PM
From: elmatador	Respond to of 217679

Comparing Sweden bank collapse 91 with US today. "The cost was staggering. Swedish taxpayers initially shelled out 4 percent of gross domestic product to cover the bad loans. (By comparison, the savings and loan crisis cost 2.6 percent of U.S. GDP.) But the government eventually turned a profit by privatizing the assets it had acquired. Nevertheless, Soderstrom estimates that the crisis wiped 1 trillion krona off household and corporate balance sheets, an amount equal to two-thirds of the Swedish economy at the time. The country endured a three-year recession, and the economy has never regained its relative rank among other industrial societies. Message 24760643