Take a look at the latest numbers published by the Fed: Assets and Liabilities of Commercial Banks in the United States.
Scroll down to page 13, and note line 34.
Magically, ending the week of July 11th, the banks seem to have $1,214.6B of securitized real estate loans on their books.
That's 1.2 trillion dollars. Let's say it again for emphasis: 1.2 treeeleeon dollairs.
Before July 4th, they didn't exist as liabilities. Then they magically appeared. The banks managed to accumulate 13 digits worth of "liabilities" in less than a week.
That's quite impressive, isn't it?
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