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Check out this PDF ,which appears to be the summary sheet for a $2,000 Kaplan course on Asset Backed Securities. I'm at a complete loss for words, for a change, to describe the epic fail at hand, one that must be evidenced first-hand to truly appreciate its sheer magnitude. Perhaps achieving even a fleeting familiarity with the English language before trying to understand, nay, structure, trade, and value complex securities and derivatives would be a good idea, learn to crawl before you learn to walk, so-to-speak. Just a hint....