tag:blogger.com,1999:blog-2948538160252327076.post9163973102422950744..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Banking crisis don't come cheapAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2948538160252327076.post-46045902094772290902008-10-06T18:03:00.000+01:002008-10-06T18:03:00.000+01:00"the NR shenanigans should have been accounted as ..."the NR shenanigans should have been accounted as lending not as spending."<BR/><BR/>Perhaps they've accepted that the difference between the two is simply the time it takes to slip from the former to the latter as the defaults roll in.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-7949251547945346512008-10-06T09:33:00.000+01:002008-10-06T09:33:00.000+01:00I'd prefer you explain why NR caused a £10bn jump ...I'd prefer you explain why NR caused a £10bn jump in NET debt... because I don't see those sums adding up.<BR/><BR/>A jump in gross debt, I'd understand, but the NR shenanigans should have been accounted as lending not as spending.<BR/><BR/>Something significant happened, however. I'm not sure what.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-67094748403956849062008-10-05T19:12:00.000+01:002008-10-05T19:12:00.000+01:00I suppose that if you added on all the other liabi...I suppose that if you added on all the other liabilities - pension promises and so on - and subtracted all public assets, we'd still be left with a huge debt?Anonymousnoreply@blogger.com