Banks $4.1 trillion in the hole

The International Monetary Fund releases new, staggering numbers


How much money has disappeared during the current economic crisis? Yesterday the International Monetary Fund released its latest estimate—a staggering US $4.1 trillion. Of course, those losses are just for banks and financial institutions ($2.7 trillion of it south of the border.) No one wants to put a number on how much the rest of us are missing.

New York Times

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Banks $4.1 trillion in the hole

  1. Take a little care, please. The headline and the story have different numbers ($1.4 trillion vs. $4.1 trillion). The other figures suggest it is the headline that is wrong.

  2. So the big question is … who has pocked the money?

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