WHO? "DON"T KNOW"

I'd figure that some people would know who bought all (or most of) the bad paper and I'd be wrong again:

Central Banks Intervene to Calm Volatile Markets
By VIKAS BAJAJ
NY Times
Published: August 11, 2007

“Everyone’s been talking about a credit crunch, and not surprisingly it turned into one,” said Jan Lambregts, head of Asia research at Rabobank.

While Asian banks did not seem to be directly affected, he said, “the main problem is we don’t know who is bearing the losses, and that kind of uncertainty is creating the situation that we’re in right now.”