re: #258 000G

Well, yes it was. There is still a ton of money due that never went to the banks and likely never will.

But that money, then, didn’t go anywhere; it never existed.

An explosion of debt without any benefit whatsoever to “the economy”.

What are you talking about? There was actual construction, salaries did actually get paid. Are you just talking about the debt from the CDO stuff itself? The financing of the debt?