One mans toxic investment=another mans windfall Trillions of dollars in toxic loans/cmo's/investments made went somewhere right? Those developers who are probably sitting on a beach in the carribean right now laughing at all those investors who were trampling all over each other to get a piece of their action with 110% financing. The 'toxic" debt that is left - somewhere, is sitting in someones bank account. Assuming that developer or whathaveyou did not 'invest' there windfall gains in the stock market for example - but instead sold there project and walked....bingo lots and lots of wealthy retired people that benefitted directly from easy finance, that you never hear about. Sure, developers were overpaying for land and construction for their projects, so then those landholders and builders they dealt with benifitted big time. And anyway - the developers tagged on there inflated markup on the project and out it went. Tax man got his share. And on and on. The point is - all these trillions are sitting somewhere on the positive side of the ledger. Not that any of that money is recoverable, just that lots of people you never hear about are living it up and seriously well off from the debt binge. And I just thought to give that idea some airplay - cause you never read about it. Someones toxic cmo=someone elses cash in the bank - somewhere..