They serviced the loans.

To a gift shop. There was a boy.

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.

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

What is your strategy in your household?

Now let's say it gets even worse.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

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

Pier 1 imports.

So, each of these is an investor.

An employee at the grocery store

You're still solvent.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

The bank was profitable.

So now I have this liability.

We would just know that there is a 20 chance.

what do you got, pop?

So having spent three and a half thousand on satellite tags ...

Helps bring it down.

Man working that grocery store down the street, his name Willie Brown.

They would actually owe this extra 1 million.

So that's bankruptcy.

You go get bankruptcy protection.

These are the people who first lose money.

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.

And of those 20 that default, we have a 50 recovery.

Yes, sir, the back door, but I don't get it.

There's a korean grocer opposite my building.

It's gonna be pretty much sparse. Very Asiany, modern stuff. Feng shui, yo.

Because the government now owns 90 something percent of the company.

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.

It's exciting, but we went over our finances and...

Her father has a general store.

That's not always the case.

That's where the 1 billion comes from.

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.

You can sell shares.