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