About a trillion dollars has been spent to re-capitalise the banks
There’s about seven trillion dollars in guarantees for the banks

Good bank, bad bank
Good bank, bad bank

You’ve got to isolate the bad assets
The capitalisation was the first stage of the process
What you’ve now got to do is look at how you can isolate the bad assets
I think there should be international discussion on what are the best models
Essentially all the crises have been inflation crises since the 1940s

Fiscal stimulus
Fiscal stimulus
You’ve got to isolate the bad assets
You’ve got to isolate the bad assets

Fiscal stimulus
Fiscal stimulus
The capitalisation was the first stage of the process
What you’ve now got to do is look at how you can isolate the bad assets

Good bank, bad bank
Fiscal stimulus

 

from the album Gordon Brown Sings Political Ballads. Listen here