Turk is one of those rare people who can talk sense in an...

Turk is one of those rare people who can talk sense in an understandable way; no obfuscation.

But I have yet to see him (or anyone else) explain where the money has gone. Banks and various hedge funds are taking huge losses; but no actual cash has been destroyed (or has it? How?). So who has made the equivalent profit? We're tlaking tens or hundreds of billions here; are these spread across a range of canny investors in funds like Goldman Sachs? If anyone can clarify this, I won't be the only person glad to hear their views.