I’ve seen all sorts of explanations.

The funds required for this bailout are obtained by a tax levied on employed middle-class non-drinkers.Finally an explanation even a Banker should understand.

That is not what happens in a short sale.I'm a little confused about your explanations about options and leasehold interest.

Sounds like I was wrong both about the costs to remove slate and the fact that there is major geographical differences.

If enough people refi out of the group of loans that went to be sliced and diced, the inverse floater is worth nothing.I'm sure we will hear in coming days some explanation of how this is actually good for borrowers.

I believe foreclosureuniversity is a good site for explanations.

Neither work.10.Some owners changing wires, appliances and plumbing to scam future buyers All in all, a great explanation.

Vikram- nice explanation.

@Javier De la Rosa, following your explanation except for the point why you think that in 12-18 months the real impact is going to hit with unemployment etc.

all this with my explanation that we originally were targeting $11M.