tag:blogger.com,1999:blog-8358039.post8770479090058428692..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Just How Much Sub Prime Garbage Was There?Captain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8358039.post-42831694022020247452007-10-31T13:48:00.000-07:002007-10-31T13:48:00.000-07:00The dislocation could have significant impact. Ho...The dislocation could have significant impact. However, it is important to remember that a loan does not by itself create wealth - it is a temporary transfer of possession. The failure to repay a loan does not destroy wealth - it is a transfer of that wealth.<BR/><BR/>So the subprime meltdown is a big wealth transfer from lenders/investors to borrowers (or to the parties to whom they spent the borrowed funds). The wealth is still out there somewhere.Anonymousnoreply@blogger.com