One fifth of the countries GDP has been used to bail out the banks

I just saw this article in the guardian about the amount of money that the government in the UK has spent to bail out the banks. At least the management get their bonuses. I mean they got the money afterall... just maybe not in the way they were supposed too.

Great Video explaining the credit crisis

I have written and linked to a run down on the credit crisis before. But here is a great video to explain it all in lehmans terms for simple people like me. Here is the original site