Banks $4.1 trillion in the hole - Macleans.ca

Banks $4.1 trillion in the hole

The International Monetary Fund releases new, staggering numbers

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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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