IMF sees global toxic assets hitting $4.1 trillion in 2010

The world organization in charge of stabilizing the global financial system has increased its loss estimates related to the financial crisis.

The International Monetary Fund said it now expects toxic assets to total up to $4.1 trillion by the end of 2010. The numbers are from the fund's semiannual Global Financial Stability Report, released Tuesday. However, it should be noted that for the first time the report includes loans and securities originating in Europe and Japan, as well as the United States.