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A No-brainer?

September 25th, 2008

The Iraq War could cost US its Financial System
The International Monetary Fund estimates that the total cost to banks of losses stemming from the subprime crisis will amount to $1,000bn; the cost of the war in Iraq, according to other estimates, particularly one by Linda Bilmes and Joseph Stiglitz, will come to $3,000bn.
John M. Coates.