IMF sees 'credit crunch' losses at $1 trillion

There will be plenty more unraveling no matter what the Wall Street gamblers are saying this week. It's in their interest to downplay the losses considering they were at the center of it all. Just imagine what $1.2 trillion could have done. About all it's going to be worth now is a weekend home in the Hamptons, a new Ferrari or two and the rest of the lifestyle luxuries that the American taxpayer will fund as we bailout Wall Street. While it's nice for Wall Street, it's only rubbing salt in the wound for everyone else.