lender, that has maybe similar terms.

So I need to borrow 750,000.

They're able to keep keep getting new loans that can replace the old ones.

Or 1 and 1 2 , that's the same thing as 1 .

And let's say there's 10 billion of debt that they borrow from some other party.

So you have to save up 15,000.

But the bank is going to give me another 750,000 in cash.

Transito, me.

Move to the other limo.

What, bullets?

But in a normal credit environment, most companies can say, OK I'll borrow this 10 billion for three months at an annual rate of 7 .

And a short sale is essentially selling the house for less than you owe on the loan selling for less than what you owe and the bank doesn't have to well one, the bank would have to agree to the short sale because their loan is secured by this property that you're selling and in most cases the reason why you would want to do the short sale is that the bank may forgive the balance of the loan so you try to convince bank to forgive the balance

But for the most part they're interest only loans.

Do I have to change trains?

Because that's when, on average, people tend to move or refinance.

So it's going to get 100 million per year right?

Please tell me how to take a book.

We'll change trains at the next station.

Borrowed.

So I have 1,000 of assets so essentially I'm writing down my assets by 500.

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

I'll get it back to you,

I already found a house for rent on a street two blocks from the Stanford campus.

Is there a transfer point?

And I'm going to give them this check and what they're going to say is we're not going to cash this, we're just going to keep this nice little check for us and when your payday hits you have an option.

No, you have to make a connecting flight in Chicago.

You have to change trains at the next stop.

You'll sell the house and you'll pay it off, even though you can't pay the mortgage anymore.

My mom couldn't afford the mortgage.

I'm going to write a check, but obviously I don't have the money in my bank account right now, otherwise I wouldn't even be going to the payday loan.

This right here is the debt, or essentially the principal payment on your mortgage, or how much do you owe to the bank.

Really?

No, no. I borrow this book...

Can we drop to impulse?

turning scope over to nightvision.

Don't borrow more money than you can help.

You own a lease?

This is the first time that I can remember, where if you get a letter from the bank manager about a loan, you don't know if you're borrowing money from him, or if he's borrowing money from you.

The mortgage...

May I borrow this pen? Sure, go ahead.

This dress Millie lent it to me, and I owe him her the rent.

Did you rent a boat?

So, do you trade off time with Luke?

Well I have the original mortgage on my house.

These are, frankly, as hard as the borrowing problems get.