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A study by the Basel committee in 2011 found more than 200 banks had a total shortfall of €1.8tn (£1.4tn) in meeting the 2010 LCR.
Though the orchestra points out that this decline was partly offset by 2011 flood recovery funds from the Federal Emergency Management Agency, it contributed to a shortfall of $11.7 million for the fiscal year that ended last July — and a total shortfall of $39 million since 2009.
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We have a weak economy because the housing bubble collapsed," said Baker in a note to HuffPost and Politico "The collapse cost us $700 billion in annual construction demand and $500 billion in annual consumption demand, for a total shortfall in private sector demand of $1.2 trillion".
That is $300,000 per public worker, nearly eight times its pension shortfall.Chris Edwards and Jagadeesh Gokhale of the Cato Institute, a libertarian think-tank, reckon that America's state and local governments face a total shortfall in their health-care plans of $1.4 trillion.
Delphi's filing shifts the spotlight onto the pension problems of the auto sector, where a total shortfall ranges between $45 billion and $50 billion, according to the PBGC's estimates.
Public-worker pensions are only 37% funded a total shortfall of $22 billion for a city with an annual budget of $7.3 billion.
The total shortfall of $230 million is a real problem.
The total shortfall of $3.4 trillion is the equivalent of a quarter of all federal debt.Just one more questionEven on the basis of the dodgy accounting they currently use, the states have not funded their pension promises properly.
(Entities that have more than $50m in underfunded liabilities are required to report to the PBGC the estimate for the total shortfall of pension plans is $450 billion).
New estimates from the Congressional Budget Office show that the states face shortfalls of $700 million this year and a total shortage of $13.4 billion from 2008 to 2012.
As public pensions attempt to close total shortfalls of at least $600 billion, many state and local governments are having to pitch in more money to retirement systems, taking dollars away from other departments.
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