So how does that work?

So let me delete this.

So now the Special Purpose Entity is the owner of the mortgages .

They'll sell the loans to like, let's say, Bear Stearns. So that's an investment bank.

What's it like being an investment banker?

We're now going to make all of our mortgage payments, the 10 payment, to this bank, this investment bank.

And maybe I should do a whole video on what sell side means, but since I said the word I'll tell you right now.

So essentially, these banks have a bunch of assets.

That means for every dollar you deposit, it loans out about nine or 10.

And in fact, in a way, it almost took down your empire at one point.

Léila became an architect.

Owns banks in the Caymans runs investment portfolios for offshore drug money.

They borrowed it from their local mortgage broker, who then sold it to a bank, or to an investment bank, who created the special purpose entity, and then they IPO the special purpose entity and raise the money from people who bought the mortgage backed securities.

But we're talking in a pre 2008 world.

It's an investment opportunity. Think about that.

Right?

So they just collect the big cash.

I'm going to bundle them all together and sell them to this investment bank.

I was wondering, a) what's it like being an investment banker, and b) would you write me a recommendation?

Your finances,your investments,your bank accounts anything you have hidden,she'll find it.

It could be a whole set of people.

Consider it a capital investment.

Investment bankers are tearing their hair out over the crash.

And now instead of you getting the payments, I get the payments.

And then they give the mortgage to the investment banker, which packages them up and then sells them to investors.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

Eduardo was the president of the Harvard Investors Association, and he was also my best friend.

And when the 1 billion came from that local bank, all the payments, the interest payments, went to the bank.

The amount of money you get.

So I want to funnel more and more money in here.

But sell side analysts are the analysts that work for the major brokerages and investment banks, who publish those reports that you see in those ratings, a buy rating on

So I'm going to sell these loans.

And when the crisis was happening, the head of quantitative equities at Lehman Brothers said,

We've had a lot of experience.

But this investment goes to everyone.

We had gone back to the till.

Corporate profits are quite high in fact, if you include bank profits, they're higher than they've ever been.

What does the data say?

And this guy's an investment bank instead of a commercial bank.

And so that cash ended up here.

But as oil prices rose,

What we saw was a natural experiment.

We also need to mobilize Africans in the Diaspora, not only to go into the traditional sectors, but to go into agriculture and also to instigate change from within.

So we had the investment bank.

And if this is a loan from Bank B, Bank B would have an asset called loan to Bank A.