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

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

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

I worked after for an investment bank.

Debt's a little different.

This bank was another drop for the mob. that makes five.

So how does that work?

Well the first thing that you would do is that you would lower the

However, in a pure quantitative easing regime, the focus of quality is the quantity of bank reserves, which are liabilities of the central bank the composition of loans and securities on the asset side of the central bank's balance sheet is incidential.

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

So essentially, these banks have a bunch of assets.

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

So let me delete this.

Cash taken from a bank vault that had a time lock.

Moving all deposits to one secure location, not a bank.

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

Whether people will continue to loan them money.

Before, in the case we did in the first video, when someone just borrows from the bank, the bank has very specific

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?

Or I could buy this house for 1 million.

But it's roughly the right number.

Every time we went through a recession, from the mid '80s, onwards, the government solution was to make financing easier.

lower the interest rate for people buying and selling dollars, or I should say borrowing and lending dollars, not buying and selling.

People start shorting the stock, the stock go starts going down.

The bank keeps money for people.

And so that cash ended up here.

The bank accommodated the company with a loan.

Papa went to the bank to ask for another loan.

And he puts it in the pizzeria's name, in the pizzeria's bank account.

He deposited the prize money in the bank.

There is a reserve requirement.

I made a deposit of 1,000 at the bank.

Leamas collects cash from innocent bank.

Right?

And of course, everybody who had loans to Bank A, maybe

The main person who caused that financial scandal is the president of ABC investment bank.

So Bank C will have an asset here that says, no I lent money to Bank B.

This is just all gold.

He started at the bank in the post of manager.

Léila became an architect.

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.

The bank shuts late on Fridays.

Put the money in the bank.