From: "FrediFizzx" 
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: Tue, 20 Nov 2007 17:22:45 -0800
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"Rod Speed"  wrote in message 
news:5qgub4F103pskU1@mid.individual.net...
> FrediFizzx  wrote:

>> Good example.  The money is still out there.  The people that sold at 
>> the top have the money.
>
> No they dont when the whole market drops significantly due to the 
> large
> oversupply of houses that are the result of mortgage defaults with 
> those
> who should never have been given that mortgage in the first place.

What the heck does that have to do with people that sold at the top? 
This totally answers the OP's original question as to where the money 
went.  It doesn't just vaporize.

Fred