And you?

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.

America's foreign debt shot past 500 billion.

But it's really a measure of the same thing.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

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

I owe these people that money is 700 and my equity is 300.

Most of it deposited over the last year.

He's a stockbroker.

This is the retiree health care benefits.

SCOTT Inc.'s stocks are blue chip stocks.

It is a customary contraction like our

'Company.' It is a customary contraction like our

It's actually horrible.

You're still solvent.

They serviced the loans.

goodness.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

And whatever's left, people are paid with actually shares new shares of the company.

Stockbroker.

Stockbroker?

And all of that's great, and it's fine.

They've never made money.

So just to understand what he's talking about, the central bank, it has liabilities and assets,

Because if someone tells you debt to equity, you can figure out the assets to equity, but in this case, the debt to equity ratio before I took any losses it was what?

We would create incentives for securitization.

Payable to the City of San Francisco.

Helps bring it down.

So... what do we need to make this work?

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

Now let's say it gets even worse.

liquidate it.

What is your strategy in your household?

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

So that's bankruptcy.

You go get bankruptcy protection.

I think they're CFC.

And equity securities you're probably familiar with.

What do you know about his personal life?

This guy, he does have interest.

So essentially, whoever lent Loan C, all of these shares are now their shares.

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

Poverty is on the rise and the gap is widening between the rich and the poor.

Well, what's the market cap?

And they can say like, this VC can say oh, you know what?