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The collapse of banks in Iceland led to $100 billion in losses i
Source: Boomerang by Michael Lewis, page 3. Published by W. W. Norton, New York 2011:
When their three brand- new global- size banks collapsed, Iceland's 300,000 citizens found that they bore some kind of responsibility for $100 billion in banking losses— which works out to roughly $330,000 for every Icelandic man, woman, and child.
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