"F. George McDuffee" wrote in message
...
On Sun, 10 May 2009 20:48:09 -0700, "John R. Carroll"
wrote:
snip
John Boggle spells this out in one of his books but you can search
Charlierose.com for an interview that is illuminating.
Basically, the money disappeared as fees, commisions, bonus pools,
corporate
perks and so forth.
snip
Probably "The Battle for the Soul of Capitalism." That's the
how.

My question is *WHERE* is this money going. It's not easy to
hide that much money [c. 600 billion per year], and somewhere the
vaults must be bulging, the Maybach sales booming, chalet prices
soaring, etc.

Just look at the profits these companies have been reporting George.
2.3 billion in bonus money and 42.5 billion in profits for AIG's FP division
alone.
You'd have to drill all the way down to loan origunation fees to capture
everything.

JC