The skin is used for making belts and various household devices, the meat is used for food for people and dogs, even whale bones are perfectly useful for the traditional sledges.
However, you should not try to solve this little puzzle by counting system steps as transactions, but by isolating the functionality involved in these extra system steps.
But the Valley stands on ground that is as unstable, seismically and metaphorically, as it was in the earlier bust. Another bubble-this time, not of the Valley's making-has burst.
Two other things that Messrs Daley and Sperling have in common are long experience of the sort of work they are being called on to do and a reputation for excelling at it.