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.
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary, analysis and promotions. Join 80,000+ Canadian readers.
By signing up, you agree to our terms of use and privacy policy. You may unsubscribe at any time.