Banks $4.1 trillion in the hole

The International Monetary Fund releases new, staggering numbers

by macleans.ca on Wednesday, April 22, 2009 12:13pm - 2 Comments

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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  • Logician

    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.

  • FishCake

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

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