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commented on a story on Reddit

refugeewc on "Total losses related to the housing market will hit $1 trillion. About $450 billion of those write-downs have made it through the system"

July 26 at 12:58 pm - Link

"Here's my thinking: The calculation that there is still a half trillion in housing-related writedowns to be declared means that there is a lot of flack still to come at the financial industry/ housing industry/ overall economy." - William Chan