But this I just want to show you some data here.

You're still solvent.

They serviced the loans.

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We have got to regroup.

Helps bring it down.

Just a little restructure.

So that's bankruptcy.

You go get bankruptcy protection.

You can sell shares.

External debt something that I can tell you a long story about because I personally worked on one of the biggest debts on the continent has come down dramatically.

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for regroup and counterattack.

I can no longer fulfill my obligations.

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Payable to the City of San Francisco.

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

Let's just give it all away, or let's sell it, and give it back to our creditors.

My next presentation, I'm going to take it to a further

We should regroup.

What is your strategy in your household?

You have 189,000 as the value of this equity.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

Now let's say it gets even worse.

It's exciting, but we went over our finances and...

He's helping me to refocus, reform, and renew.

And because it's a junkier rating, no one is going to want to buy it.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

It might be especially relevant in this economy.

This guy, he does have interest.

Well everyone knows that it's not going to be exactly 10 .

So it buys, it buys debt.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

So I really do have a positive equity of 11,000.

So we still have the same amount of debt.

So, each of these is an investor.

You go to the ones place, and you say, how am I going to subtract a 9 from a 1?

Put the 5 down.

You campaigned to reform the intelligence agencies.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.