An insightful article on Bloomberg.com reveals how the credit crisis cost has now topped $1 trillion. “Losses and writedowns from the credit crisis surpassed $1 trillion today, and show little sign of ending, as Morgan Stanley marked down the value of mortgages and leveraged loans.”

Related news articles:

1. IMF: Economic crisis to cost $4 trillion
2. $1.3 trillion in American wealth wiped out in 1Q
3. The financial crisis tab in the US: $5 Trillion
4. Toxic Asset Plan unveiled
5. IMF places Toxic Debt at $4 Trillion