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IMF Says Toxic Asset Damage Getting Much Worse

247Wallst | Wed, 04/08/2009 - 7:30am | problems in banking, recession, toxic assets, worsening financials |  Add a comment

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Every time the IMF issues an estimate for the cost of the losses from toxic assets at the world’s financial institutions, the numbers get worse. According to the Times, “Toxic debts racked up by banks and insurers could spiral to $4 trillion (£2.7 trillion), new forecasts from
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