Mortgage backed security.

Whether people will continue to loan them money.

We're now moving into East Africa.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

And I'll be willing to give this as collateral.

Well we learned what happens.

Do Low Interest Rates Ensure High Asset Prices?

What are you carrying?

I'm pulling out of his scheme.

And so with patient capital from Acumen and other organizations,

And that was in place for a reason because you had to prove yourself worthy to get the financing.

We would create incentives for securitization.

Certification

And the corollary of more people willing to lend, is you that the actual standards go down.

Is it just hardware or software or books or are there really some manufacturing goods, some commodities, are you going to have intangible products that are part, copyrights and licenses that are part of your value proposition or are your going to have any financial products that is guarantees or insurance policies or maintenance contract or you're going to add some digital features to it as well.

And today, less than five years in,

A 6 yield is guaranteed on the investment.

The solidarity credit works as a leverage to produce and the very worker can warrant this loan on the basis of solidarity.

And so that cash ended up here.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

Let's just show an example of how the actual mortgage works.

I guarantee it.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

97 percent of all the scheduled repayments came back to us on time.

It could be patents, it could be licenses.

Now, if you don't trust someone, you place restrictions on them, right?

It's not like this person can't pay, they just file bankruptcy and there's nothing that the bank can get ahold of.

So once again, it's just a loan to someone else.

Guarantee? What guarantee?

Guaranfuckingteed.

goddamn guarantee that.

A deposit.

Guaranteed...

The bank accommodated the company with a loan.

One, two, three enterprises are put together to repay loans.

And that's the best they could do.

But the banks are still pretty confident then, and they're like, no.

Let's see what happens when n is equal to 2.

So what is our payment amount?

Papa went to the bank to ask for another loan.

So that's a very handsome return.

Look at all the arguments we have these days over health care, over bonuses and bailouts on Wall Street, over the gap between rich and poor, over affirmative action and same sex marriage.

So when you start working, you have your own life and it's incomparable. stirring so many activities, Solidarity Economy businesses are worth credits.

So the risk managers within the bank think they have a great deal.

And then if we go to, let's say, 2003.