Now, come on.

Stretching... is... part... of... your workout!

According to his Facebook page, which I only go to about 20 times a day, he works out here every day, so we might run into him.

What a coincidence.

The mortgage...

Rick Mm hmm.

Hey, Lone Ranger.

Did you get the loan?

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

I want more time

I got a mortgage. I got car payments.

Empress of the Lone Islands!

I can pay off my bank loan!

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

Maybe a billion of these are a loan from bank B.

Let's say I make another loan for 300.

So we get a 50 recovery.

Who knows?

Most of the loans we're familiar with in our personal

So let's say, this person goes to a bank.

So right here are a whole bunch of people's mortgages.

What, bullets?

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

Home equity line, 30,000. That's 1 37,000.

And let's say you still owe pretty close to 150 thousand on the loan to the bank your loan might have even been an interest only loan but even after a year or two you're probably not going to pay down the balance of your loan too much it might be like 140 thousand, or 145 thousand

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

Interest on loans is high at present.

Let me just do one more loan.

Do you own outright, do you have a mortgage?

The loan carries 5.5 interest.

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

Let's say I make out some loans for different projects.

Then I also have these CDOs.

less value to this guy.

This is a Treasury bond.

Beemer leased for 1,200 a month. He was three months behind on payments.

And for the sake of simplicity, I'm going to assume that the loans in this presentation are interest only loans.

Let's say it's um let's say its 10 billion of commercial mortgages.

I took a loan against the equity that

Well I have the original mortgage on my house.

Well everyone knows that it's not going to be exactly 10 .

I loan it out to people who have really good projects or investments.

So let's think about how we manage our money.

So what just happened?

I want to get more money.