Tuesday, April 21, 2009

New IMF Estimates Reach $4,000,000,000,000.

April 21, 2009: New IMF estimates that the total amount of bad debt in the global financial system has now risen to $4.1 trillion.
While the financial crisis originated largely with bad debts from the sub prime mortgage bubble in United States, the pool of bad assets has been augmented by a surge in troubled loans in Europe and Japan stemming from a string of corporate failures and depressed housing and commercial real estate markets.
link to article

No comments:

Post a Comment