The toll according to the IMF
Where the losses will come from
$ billion
US mortgage lending (sub-prime and prime)
565
US commercial real estate
240
corporate loans
120
consumer loans
20
Total
945
Who are the losers
$ billion
Low estimate
High estimate
Banks
440
510
Insurers
105
130
Pension funds ands savings groups
90
160
US Government mortgage enterprises and agencies
40
140
Other (inc. hedge funds)
110
200
How it was all lent
Securitised:
$ billion
Asset backed securities
210
ABS Collateralised debt obligations (CDOs)
240
Commercial mortgage backed securities
210
High-yield corporate debt (junk bonds)
30
Collateralised loan obligations (CLOs)
30
Securitised total
720
Not securitised:
$ billion
Sub-prime loans
45
Alt-A mortgage loans
30
Prime mortgages
40
Commercial real-estate loans
30
Consumer loans
20
Corporate loans
50
Leveraged loans
10
Unsecuritised lending, total
225
Overall total
945
Source: International Monetary Fund, Global Financial Stability Report April 2008
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