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

You're still solvent.

They serviced the loans.

Helps bring it down.

So that's bankruptcy.

You go get bankruptcy protection.

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.

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...

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

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.

This guy, he does have interest.

You can sell shares.

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

Handle what?

And if I could liquidate all my assets and all my

I can no longer fulfill my obligations.

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.

MapReduce for those of you who aren't familiar, it's basically this programming technique for doing batch jobs across a huge amount of data.

Target size

Post Processing

Target

Target image

Custom process

Processing download

Unprocessed

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Demosaicing

In progress

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In the early days of this modern markets technology, the financial institutions worked out how they could leverage their buying power, their back office processes, their relationships, their networks to shape these new markets that would create all this new activity.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

The bank was profitable.