[kiryandil]

The problem with discussing anything serious with the Toddster is that he plays completely ignorant about stuff like MBS offerings & the MERS strategy of the Banksters.

He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

People try to be patient with the insults, snide imputations and the screaming about "math", but the trolling gets old.

Nice chart on the new loan originations market share, BTW.

[NeoCaveman]

He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

He doesn't get that said HELOC should be marked to zero?