Curiousity - Where did the subprime losses go to?

[Businessman]

The bulk of the money should have been made by those selling up or downsizing before the top.

Total losses are reckoned to be 400 billion.

Spread across 1 million home sellers who didnt plough all gains into another property, that would average 400K in profits each before taxes and fees.

However the profits might be spread out wider and thinner.
Someone might have put 0 down and a few years later done an equity withdrawal to finance say a flash car and luxury holidays before finally getting foreclosed. That person would have profited from subprime losses too.

 

[marketwavez]

Subprime, and the winners are

Here , Read this
( See these 3 articles posted below )

------------------------------------------
read who really made out well
Article #1

 

[marketwavez]

Subprime, and the winners are

Here , Read this
( See these 3 articles posted below )

------------------------------------------
read who really made out well
Article #2

 

[science_trader]

Paulson's HF?

 

[HedgefundTrader2]

Quote from trueliquidity:

For those sellers who sold houses during the beginning of the sub prime mess, where did they take the money to? Assuming the money hasnt just vaporized, its probably spread out through the economy and then ended up in China, along with billions of other US dollars. At least thats my guess.

They sold the houses and are now living in 1 -bedroom 500 sq ft apartments cages , paying taxes like rented mules, and washing laundry with other losers at the local laundromat...

 

[Adobian]

Most has trickled up to pay for the Iraq War and the devalued dollars.