lender, that has maybe similar terms.

Bonds, you become part lender to the company.

loan, maybe from the same lender, maybe from another

In fact, it became the largest rehabilitation lender in the country.

They didn't find some subprime individual that was willing to bid up the house.

They have no money down, 1 million loan, subprime, negative amortization, they had no credit rating, etc, etc.

And then at the end of three months, you pay that lender back the 10 billion.

I won't go into that too much, but I think you get the idea what I mean, part lender.

Or after a year, you'll essentially have to pay roughly 330 times your money back to the payday lender.

And you have in 2005, at kind of the peak of the bubble, someone buys house number one for 1,000,000, with no money down, subprime loan.

I've essentially become the lender to the home owner, and so the home owner's morgage payment will now come to me the Investment Bank .

lender, you are essentially getting that compounding if you keep lending your money out and if you lend the interest you get from the last person, and you lend that out the same rate.

And if anything, we know that a lot of these hedge funds out there, they're doing more homework than me, the bank, or the lender is doing, or at least these ratings agencies are doing.

If you were to actually let money compound at this rate, and usually they would make you at least roll over the principal, so this may or may not be accurate but that actual payday lender, if they actually are able to roll over the money at this rate, they're going to have 329 times their money.