I think the major hedge funds took all cash positions earlier this year - is this what you're referring to? cause yeah, the major financial institutions are absolutely going to try and profit on this, even as the crisis ripples through the industry. anyone who didn't exit the market at the start of the year is absolutely not going to be able to cash out without losing significant money - it's these people who are going to be left holding the bag when the music stops and the fire sales begin.