Primarily, the process of subprime mortgage crisis itself is wrong. There are no middle men as the article inclines me to understand. Instead the middle men are banks themselves. It would have been better if the writer would have done some more research before publishing.
Secondly, the figures are all wrong and all are only indicative values. The exact would be known only after the banks will announce their yearly audited reports. Furthermore, the loss is not limited to monetary. There is intra-bank confidence loss which is non-quantifiable.
