And today, less than five years in,

What are you carrying?

Whether people will continue to loan them money.

Well we learned what happens.

And the corollary of more people willing to lend, is you that the actual standards go down.

So this house is a 1 million house, right?

So the risk managers within the bank think they have a great deal.

So once again, it's just a loan to someone else.

Let's just show an example of how the actual mortgage works.

97 percent of all the scheduled repayments came back to us on time.

And so that cash ended up here.

I'm pulling out of his scheme.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

And that's the best they could do.

So that's a very handsome return.

Papa went to the bank to ask for another loan.

And so with patient capital from Acumen and other organizations,

It could be patents, it could be licenses.

Cash is an asset because it can be exchanged for things we need in the future.

So just this is liability, 750,000.

They just couldn't get up to 15,000 in savings.

And we'll go into this massive recession.

Let's see what happens when n is equal to 2.

Well, what's going to happen?

And if they default on it, I actually get an asset that's probably worth more than the loan amount, and I can auction that off and easily get my 500,000 back.

And that was in place for a reason because you had to prove yourself worthy to get the financing.

What CDOs are, you take these mortgage backed securities, you know, they're loans to some people in some region of the country, or maybe they're diversified across regions, then you slice and dice them.

And she wants the infrastructure it is nice with a paved road.

You see we started working in Eastern and Central Europe, and moved to Russia.

The bank accommodated the company with a loan.

We're now moving into East Africa.

I don't know what other of my assets are going to fail.

If you're pregnant, take care of your pregnancy.

Because investors saw the potential for return at a time of slowing economic growth, and so they created financial products and financial innovation tailored to the emerging markets.

People start shorting the stock, the stock go starts going down.

And we could just say, that they have zero equity. and they have a million loan.

We took it, repaid the first loan, then took the second, repaid and we go on repaying and increasing the amount.

Just quickly on the results.

So they would give this as collateral to the Fed.

But they're loans for different amounts of time.

Now, if you don't trust someone, you place restrictions on them, right?

You can kind of say they keep on renewing those loans.

No one's willing to give you a loan, just because they're all a little bit scared.

His failure to do so was caused by a lack of adequate financing due to serious outside interference.

Well, I'm sorry, Mrs. Thornton, but it is against bank policy to extend a loan for an exorcism.