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

So, each of these is an investor.

And of those 20 that default, we have a 50 recovery.

They serviced the loans.

For a total of 5 billion.

What happens if let's go to that scenario where we talked before 20 of the borrowers just say, you know what?

They would actually owe this extra 1 million.

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

What is your strategy in your household?

Now let's say it gets even worse.

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

You're still solvent.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

The bank was profitable.

And actually what happens is because these guys didn't have enough cash to pay off their debt holders what happens is that they take on a new loan, called a debtor in possession loan.

We would just know that there is a 20 chance.

Maybe debt that you have to pay in the next year.

Helps bring it down.

Sheriff's Department.

This is a Treasury bond.

You're gonna have to check in, hon.

So that's bankruptcy.

You go get bankruptcy protection.

These are the people who first lose money.

My responsibility is to keep the company solvent.

Candidates for San Quentin.

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.

So I stick them all inside of that.

His first night in Millhaven, he kills his cellmate.

And what is a bond?

Now one thing I want you to keep in mind is, they get 10 only if every one of these borrowers pays their loans, never defaults, never pre pays.

Because the government now owns 90 something percent of the company.

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.

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

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

Fifth floor,hewes and associates. Ellen.

Courtrooms, Sheriff's headquarters, detective bureau.