From: "Rod Speed" 
Newsgroups: misc.invest.stocks misc.consumers.frugal-living misc.invest.real-estate
Subject: Re: Where did the 400 billion USD in subprime mortgage losses go
Date: Wed, 21 Nov 2007 05:47:03 +1100
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Wilson  wrote:

> I keep reading about the 400 billion us dollars in subprime losses
> to date, e.g, see this bloomberg article http://tinyurl.com/2vjgq7

> Where there is a 400 billion dollar loss there is a 400 billion dollar gain.

Nope.

> I don't understand WHO gained from this 400 billion dollars?

No one did.

> Who wins here?

No one.

> How?

Didnt happen.

> I'm cash rich - can I benefit by taking some action?

Only in the sense of buying a house thats now buyable for rather less than it once was sold for.