My bonus doesn't come close to covering all the loan payments I have to make.

Who knows?

My mom couldn't afford the mortgage.

Do you own outright, do you have a mortgage?

This is what I do. Okay?

Rick Mm hmm.

Hey, Lone Ranger.

Did you get the loan?

They're just doing the paperwork for my loan.

We don't need to invent solutions because we have them cash flow loans based in income rather than assets,

And just to be clear, so the asset within this entity are the loans.

I can pay off my bank loan!

I think most of us have a sense that payday loans are probably not the best source for a loan, that they probably charge a lot of money to those people who need that cash really badly.

For a total of 5 billion.

And on the liabilities side, what was left?

Well, I could keep making loans until I have 3,000 gold pieces of demand deposits.

Right?

So they just kind of held fast and didn't sell their CDOs.

This is really the tip of the iceberg.

Let's say I make another loan for 300.

The mortgage...

What, bullets?

Peterson says he wants a financial statement before he can give me my loan.

I am right now thirty four years old and

So they all have 500,000 of debt from the home equity

And I know that that might be a little confusing.

OK, so now we're in an interesting situation.

They didn't make loans and then sell the loans.

I want more time

I got a mortgage. I got car payments.

Empress of the Lone Islands!

She paid seven percent interest on the loan.

It has loan B, I don't know, let's say it's another 10 billion.

Or they might even start to buy things that aren't Treasuries.

The bankers stayed with their loan recipients.

They don't know what my job is, how likely I am to pay the loan.

Then I also have these CDOs.

Because housing prices been going up.

So I'll just draw it down here.

Well I have the original mortgage on my house.

Well no, our liabilities didn't increase.

But Countrywide would say, well, we're already giving mortgages to all the people who qualify.

We'll just say it has a bunch of loans, right?

loans together and it folded it into a big, kind of did it on a wholesale basis it's sold a thousand

Why were they willing to pay rent, when they could have bought a house, where the mortgage would have been interest plus a little principal it would have been no more than 400 a month?