Originally Posted by Tim Thompson

Actually, no it doesn't. The whole point of the "coordinate singularity" is that it is only an illusion. Despite the title "relativity" we must remember that events are absolute. Everything that happens in one reference frame happens in all reference frames. If one observer sees something blow up, all observers will see it blow up. If two things smash into each other in one reference frame, they will smash into each other in all reference frames. And if something falls into the black hole in one reference frame, it will fall into the black hole in all reference frames. It only "looks like" things don't fall in, it only "looks like" time stops, but it is no more correct to say that time actually stops than it is to say that an optical illusion is real because we can see it. What we "see" is not reality, what really happens is reality.