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2008-03-26 — blogspot.com
``Residential mortgage losses will represent about half the damage, with another 15%-20% coming from commercial mortgages. Credit card loans, auto loans, commercial and industrial lending, and nonfinancial corporate bonds make up the remainder.
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The losses to leveraged US financial institutions make up only a part of total credit losses, which we expect to be $1.2 trillion.''
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