The UK's 950% Debt To GDP You have to see the Morgan Stanley chart

[lovuian]

http://www.zerohedge.com/news/psssst-france-here-why-you-may-want-cool-it-britain-bashing-uks-950-debt-gdp

he UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP.


America is not in as bad of shape as the other countries

[banned from Kos]

1. The British should never have passed Gramm-Leach-Bliley. That led to this mess!

(I jest)

[lovuian]

2. is it as bad as they say

I don't know if I trust Morgan Stanley's chart

[banned from Kos]

3. I assume that green part of the bar chart (financial) is Barclays, RBS, and the other British banks.

Considering how much debt they have in relation to British GDP it appears accurate.

Britain has already nationalized one large bank - Northern Rock. They do have much more debt than us per capita.

[Yo_Mama]

6. One of their proposed solutions is to pass Glass-Steagall

albeit apparently by regulation rather than legislation.

They do intend to separate commercial banking (deposit/lending) and investment banking.

[DCKit]

4. "America is not in as bad of shape as the other countries."

Then why did we bail out their failed banks?

Just wondering.

[Laelth]

5. k&r for the truth. n/t

-Laelth

[MichaelMcGuire]

7. What level is the healthy level for debt as a % of GDP?

65%??????

And what % of GDP needs to go towards payment each year and over how long?