They're valuing these assets at 1 million.

As investors flee

Just Manic Enough.

He valued what we already had at 5 million dollars.

And I'll show you why that matters in a second.

Big investors.

So essentially, instead of Countrywide being responsible for my loan, my payments now go to these investors.

We said before any of this stuff on the top existed, the pre money valuation of just our idea was 5 million.

And we allow entrepreneurs to share a percentage of their revenues.

So you can imagine, this is the actual amount of cash that

This is the total actual value.

3.Global Movement GlobalBEM will initiate and act as a facilitator for a global community.

So then they funneled even more money.

By the way before we go forward, this is one point I want to mention.

They write these research reports because they want to go to institutional investors or people who have their brokerage accounts with these banks, and essentially sell them stock.

Or are you trying to get an intuition for helping to become a better investor?

And that seems like a pretty reasonable proposition.

And of course the investors would care that the money that they're essentially giving because they're giving money to the investment bankers who are giving money to

Yes, it's an enterprise.

In this corner, you have created something that's not valuable and not unique.

On the equity side of the equation we just have four million shares.

(Laughter) Here's some advice from one of the largest investors in the United States.

If there are investors willing to finance

And we start getting to the negotiation.

So this is my slice down here, 200,000.

So let's say he convinces investor B to join in.

I think it was at 7.50 a share.

And of that share, we have 2 million shares outstanding.

But the total perceived value, let me write that down another

Let's say that we end up lucky.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

At the time they were mostly losing money.

He had originally given us 5 million.

They are just going alone! (Applause)

But now we actually built something.

What's it like being an investment banker?

And in fact, in a way, it almost took down your empire at one point.

So we're going to give these what they call, let's say they say AAA rating.

These are one million shares total, or shares outstanding.

Of course it's a huge fee.

Foreign investors withdrew their money from America.

Foreign investors withdrew their money from the United States.

The amount of money you get.

I hope you invested if you can't invest in your own thing, why should I?

And in between, there should be a public agency, the Independent Service Authority, which channels public money, and especially donor money, to the retail providers.