Rob Atkinson explains where your 401(k) and mortgage money went:
...the financial crisis hasn't been a pretty picture for owners of stocks, houses, or other assets. And there is no denying that some people have suffered real pain and hardship, including the millions who have lost their jobs, been evicted from their houses, or seen their retirement savings plummet. But as painful as this situation is, it needs to be looked at for what it really is -- a transfer payment from owners to buyers -- and not what it is being portrayed as, which is a dramatic decline in societal wealth.
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