You are hereHow much will it take to fix the banks?
How much will it take to fix the banks?
The IMF now thinks that losses from U.S.-originated loans could reach $2.2 trillion, well above its October estimate of $1.4 trillion.
$2.2 trillion is about 10% of the $22 trillion U.S. real estate total valuation. Is that enough for this real estate slump? We have some doubts.