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The Brits pay off their war debt to us.

Under the arrangement, the US handed a financial lifeline to Britain, allowing it to secure oil, food, arms and other military equipment on credit to help the war effort. Though other countries also benefited under the programme — a $48 billion project — Britain received the largest chunk of aid.

When the war finished, the economist Maynard Keynes — by then the government adviser Lord Keynes — led a delegation to the U.S to agree repayment for those materials for which it had been charged and to secure a loan of $4 billion. He warned that Britain had been left facing a “financial Dunkirk”.

Still, I was kinda hoping we could send over a couple repo guys. Nothing big. Maybe a few castles.

Posted by edelfenbein at January 2, 2007 3:32 PM