So all ended up inside the Special Purpose Entities .

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

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

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The government owns car companies, banks are defaulting on their own banks.

And just for the sake of it,

Though their loan recipients were high risk by ordinary standards, the default rate was extremely low.

So what just happened?

And then, you know, put some pants on, and then we'll be ready to go.

Monday Color is powerful.

The one fact that allows to infer most, if not all other facts, is the problem history.

It can give credit to sound decision making, adding momentum to success.

Tom got a loan from the bank.

I want to get more money.

That's how loans worked before the mortgage backed security industry really got developed.

You forgot your pants

loans to this bank.

Then we saw that could create a whole chain of events.

The financing situation hasn't been resolved.

And this is not a good option for you this will kill your credit which will make it very hard for you to get a loan, any type of loan but especially a mortgage loan any time in the near future really over the next several or many years so you say, OK, I want to do the sale option

So what the bank does is it takes all these loans together, that 1 billion in loans, and it says, hey, investment bank so that's another bank why don't you give me 1 billion?

We're digging into his financials, travel records.

The mortgage...

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My history?

Or I want to have money back on my balance sheet.

Mortgage backed security.

The highest court in the land has now spoken.

Rick Mm hmm.

Hey, Lone Ranger.

Did you get the loan?

Lister

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Lister

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I want more time

I got a mortgage. I got car payments.

Empress of the Lone Islands!

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