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Originally Posted by geeker2
SCUDS...I call distraction for you  |
Okay you want yet another explanation amongst the many that have been given on this subject to people who just don't get it? Do you want me to lay out what happens to a loan from cradle to grave? Do you want me to attempt to explain what a CDO is? What mark to market rules are? Do you want me to explain why a bank that services a loan probably doesnt own the paper and why that makes it hard to do a "work out" plan?
All of this has already been said and we still have those that want to talk about s and l's and "banks" doing crooked loans.
So if you guys want to continue on this path of blame without actually understanding where the blame belongs then continue. Frankly, geeker, this is beyond frustrating.