http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/08/what_rbss_results_say_about_qe.html

At last, a blog by Peston that sheds light on the current impact if quantitative easing on the UK economy.

I love this post. The strange thing is that a lot of people don't realize that these so called debts are because some half brained people were half responsible for borrowing more then they can pay back and then declaring themselves bankrupt so that the public is liable to pay back their debt!

I say half-responsible because the other half were the banks who lended these idiots some money! what a mess!