IMF: global credit crisis $1 Trillion, will broaden


Credit losses could approach $1 trillion: IMF

there had been a "collective failure" to grasp the extent of leverage in the financial system and the risk that it could be unwound in a disorderly fashion. Conditions may get worse as the limping U.S. economy leads to more credit losses

Whoa, well maybe for those who participate on this blog, we already knew this.

What I am wondering about now is when the Fed runs out of bail-out $$$ to prop up their business pals.

Subject Meta: 

Forum Categories: