So you need to understand what kind of deals do they want.

This is very important. I actually used to be a huge opponent to anything related to quotas, affirmative action.

For an extra pudding cup every night at Los Lunas?

This persisted all the way into and through the Renaissance.

JC Well, I think that the goal should be parity.

And I always turn to large companies and turn this around and I'd say,

Yeah, Bruce. fancy that.

Rick Mm hmm.

Hey, Lone Ranger.

Did you get the loan?

They treating you okay?

I can pay off my bank loan!

What are the odds?

That's funny.

Let's say I make another loan for 300.

The mortgage...

Oh, imagine that.

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!

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

We meet again!

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

Again these are further out hypotheses but we're thinking about customer royalty programs, seniority credits, partnership rewards, free jersey giveaways.

Who knows?

And to this day, I have no answer for you.

Write me how he's welcomed you.

And that every force it encounters...

Hello, sir Wonderful to see you

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

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

I took a loan against the equity that

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

I sure am glad I never saw her again.

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

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

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

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

So what just happened?

So we get a 50 recovery.

What, bullets?

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

Funny you said that 'cause it's not very funny.