<a href="http://blogs.independent.co.uk/openhouse/2008/10/less-than-it-so.html">Hamish McRae: Less than it sounds</a>

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The Independent Online

Sounds a lot, doesn't it? The Bank of England estimate that the total losses of the world's banks could reach £1.8 trillion is the highest official number I have seen yet and is, and should be, shocking.

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