Billions of dollars are being lost or written off.
For every loss in subprime there must some one's profit.
A transfer of money.
Which is usually from the poor masses to the "elite" wealthy.
Questions.
1. Where has the money gone and who profited?
2. Why have those who have made billions (if not trillions) not been declared and recognised?
3. When will the trillions of profit (balancing the trillions of losses) be recycled?
The answer to question 3 may well predict the real worldwide recovery from this unfortunate mess.
NOTE. In the end it will be the masses - "mums and dads" and the poor - who will pay the price and fund the losses.
Billions of dollars are being lost or written off.For every loss...
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