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

You're still solvent.

They serviced the loans.

So it buys, it buys debt.

Helps bring it down.

You can sell shares.

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.

I know that interest rates are fixed in accordance to the borrower's business risk.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

My next presentation, I'm going to take it to a further

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.

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

I have a whole video on mortgage backed securities.

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.

What are my liabilities?

The bank was profitable.

So that's what we're going to show you in the presentation on collateralized debt obligations.

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

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

And because it's a junkier rating, no one is going to want to buy it.

We would just know that there is a 20 chance.

It is the students' duty to clean their classrooms.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

They would actually owe this extra 1 million.

You got plenty put away.

My responsibility is to keep the company solvent.

They're giving it to me for safekeeping.