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Real Estate & Property Law

: Housing Wire

IMF: Global Credit Losses Could Top $4 Trillion

By PAUL JACKSON

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Global losses tied to bad loans and securitized assets linked to them could top $4.1trn by the end of next year, as the specter of a global recession looms, the International Monetary Fund said in a semi-annual report released Tuesday morning. The report highlights problems that likely lie ahead for the world’s financial system, and the [...]

Full post as published by Housing Wire on April 21, 2009 (boomark / email).

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