[Southack]

"I think it is nto a lack of money but a lack of buyers in the secondary markets."

Same thing.

It takes Buyers in order to provide liquidity. Lending institutions have to sell old debt in order to get the money to make new loans.

With no buyers, there is no money to buy the old loans...which means there is no money to make new loans.

That's how you get a credit crunch.

[Hydroshock]

No it is not, you can not make someone want to buy. Particularly when so many mortgage backed securities are so toxic.