Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

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

It's the tax man.

You're still solvent.

They serviced the loans.

Helps bring it down.

Tax officials are zeroing in on income tax evasion.

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.

Payable to the City of San Francisco.

The tax agent allowed the deduction.

You don't work for the IRS?

Customs playing nice?

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...

Social Security numbers.

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.

And the reason they didn't grow by that amount is because we actually ended up having to pay taxes on some of that.

Where is the Customs Service?

Where is Customs?

At customs, ask for Nat Glick.

This guy, he does have interest.

You can sell shares.

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

Trade walls began to come tumbling down.

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.

We paid customs on jewels.

Where's the customs inspector?

We have a legal obligation to pay our taxes.

Financial Functions

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

The bank was profitable.

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