Where did our trillion$ go?

 A recent book review, entitled "Greed Layered on Greed . . ."  (The New York Times; 16, 2009) begins with the following paragraph: 

"In her useful new book, Gillian Tett of The Financial Times writes that the global financial meltdown, which economists estimate could result in total losses from $2 trillion to $4 trillion, was "self-inflicted.' Unlike many banking crises, she adds, "this one was not triggered by a war, a widespread recession, or any external economic shock." Rather, the "entire financial system went wrong as a result of flawed incentives within banks and investment funds, as well as the rating agencies; warped regulatory structures; and a lack of oversight."

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And even more people lost jobs, i.e. dependable income. These are real and painful losses to individual households. They can also be calculated in dollars. The term "loss"- implies that there was a "gain" somewhere. Who gained 3 trillion dollars lost by workers, and by owners of stocks, bonds and other "I will pay you" promises?  Who benefited from a huge number of lost jobs? Thieves, like Bernie Madoff, and  CEOs of major banks, did gain something. But that is still probably much less than 10% of 3 trillion. And most of their gain (in the form of houses, yachts, gold, secret bank deposits, etc. etc.) is probably recoverable. Where did most of our losses go?