Serge Birbrair

Global Credit Crisis: $1.2 Trillion and Counting

Only a trillion!? Did they add Auction Rate Securities to the mix? $330 Billions are now locked up and either can't participate in any markets/ real estate purchases or will be forked by the banks and brokerage houses in question if investors suceed in their massive law suits.
ARSclassAction.com

I say 1 trillion is a way to conservative, I see more thna that in USA alone.