See Dick Look: Rubbernecking..."stop, look and listen baby, it's all right with me..."

so your banker/broker/mortgage boyz borrowed short term at low rates and with this borrowed money they bought paper:(CDO'S)- mortgage paper in little packages, along with other higher yielding paper like autos and dish washers, etc., priced it at par and with the high yields, lapped up the difference and sucked off the equity increases in their little SIV's which were off the balance sheet so they could avoid any legal debt restrictions but then holy shit, the payments on the paper they owned slowed and even stopped and then goddamn, the collateral quit rising in value and so now they look at big time increasing debt with visions of taking over your house which is a sinking asset and no equity and no market and their own paper has no market except for the idiot federal reserve that has been looking the other way for years...greed giveth and taketh away but watch out as the sinking may well suck us all into its path---and yes, mr senor dicky cheney, Debt does and will Matter...big time..........