It seems that the financial meltdown is taking its toll not just on the banks, but on the cash "black hole" of the London 2012 Olympics.
The Times reports that two of the main venues in the Olympic Park may have to be nationalised, with the taxpayer paying nearly £900M extra to bail them out.
Could someone remind why we need these games again?
As I have noted many times on this site, the cost of these games will most assuredly balloon from the already overinflated £12BN (including £2BN running costs) to £20BN by the time they're held.
Why is there no one of significance in the government with the courage to stand up and cancel them?
Olympic Medals won during the Beijing 2008 Olympics
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