They serviced the loans.

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

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

So, each of these is an investor.

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.

We would just know that there is a 20 chance.

Co maintainer, KPart creator

So it buys, it buys debt.

Shell author, KPart creator, co maintainer

Helps bring it down.

They would actually owe this extra 1 million.

So that's bankruptcy.

You go get bankruptcy protection.

a former colleague of mine.

These are the people who first lose money.

That's why I am a global ambassador for 10x10, a global campaign to educate women.

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

Core Developer and Co Maintainer

Then you married your father's business partner?

he offered to make me a partner.

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...

Eduardo Saverin, cofounder and CFO.

His first night in Millhaven, he kills his cellmate.

That's not always the case.

That's where the 1 billion comes from.

But unlike mortgages, a lot of corporate debt, they just pay the interest.

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.

Have a stick? Well why not have a carrot?