Is it shareholder value, shareholder value, shareholder value ?

I'm the sole shareholder.

Do you know who the biggest shareholder is?

They didn't make loans and then sell the loans.

So, corporate loans, or loans to corporations or banks.

Corporate loans tend to be for simplicity purposes, interest only loans.

They serviced the loans.

loans, they're not liquid.

Those loans aren't available.

loans to this bank.

It's just going to another shareholder who bought it before you.

Two of those other loans, they came due, no one was willing to renew the loans, or give them new loans.

You're assuming interest only loans.

They bought all these loans.

I majored in Student Loans.

So 9 million in loans.

Kiva facilitated 500,000 in loans.

loans to his customers, whatever.

And I don't make loans.

This allowed us to assign a degree of influence to each shareholder.

We have 3 billion in loans.

And then they'll sell the loans.

Let me start making loans out.

It was the result of decades of sustained activism, shareholder advocacy and consumer advocacy.

Interest on loans is high at present.

So I'm going to sell these loans.

It has 1 billion of loans outstanding.

Because it's a thousand loans out there.

Bank D had loans to Bank A.

These are loans to the federal government.

Maybe people aren't getting mortgage loans still.

I paid off my college loans, everything.

I don't want to say total liabilities because the bank could take out loans that aren't demand loans.

They probably took some fees or sold the loans for slightly more than they issued the loans for.

Everyone wants to collect their loans from everyone else and no one wants to give loans to anybody else.

But the investment bank, they're not in the business of servicing loans or keeping loans on their balance sheets.

And they go for another guy for loans.

And this is what home equity loans are.

They're pretty much all loans to the government.

But they're loans for different amounts of time.

So they weren't giving away loans for free.

And for the sake of simplicity, I'm going to assume that the loans in this presentation are interest only loans.

Whatever loans these were, they just weren't good loans and I realize I'm not going to get 300 gold pieces back.

Banks charge higher interest on loans to risky customers.

Six percent home loans represent the industry average now.