I wouldn’t be surprised that losses will be in the trillions.

But how much was written off so far? I don’t following banking but I’d love to know. I keep reading $100 billion so far with 300 billion to go.

http://articles.moneycentral.msn.com/Investing/CompanyFocus/WhosToBlameForTheMortgageMess.aspx

Looks like the updated amount is $175 billion so far?

http://money.cnn.com/2008/02/11/news/companies/writedowns/index.htm?section=money_topstories