And that's what the reserve ratios were all based on, based on the bank notes themselves.

But let's say its assets are worth 1 million.

Now, that was the purchase price of the house.

So immediately, they have 20,000 equity and an 80,000 loan.

I came to this because, if you're going to have a reference that we know as self the Me, the I in our own processing we need to have something that is stable, something that does not deviate much from day to day.

How much equity do they have?

I think the first point to make is that we need to recognize natural capital.

Well financing got easier. Or essentially they lowered their standards.

This is their current assets, and let's say that is is their liabilities over here, so liabilities, and then this is their equity, although the federal reserve's equity is a little bit strange, it's not like traditional equity, that they get all the excess profits and all of that, all the excess profits actually go to the US government.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

So how does that work?

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

When you go to a large bookshop and look at the self help sections, as I sometimes do if you analyze self help books produced in the world today, there are basically two kinds.

Remember, it's free none of us are making any money on this thing.

His own bank?

Yes, it's an enterprise.

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.

So let me delete this.

Right?

It has no liabilities.

So this is all equity.

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

Continue at Own Risk

Continue at my own risk

Whether people will continue to loan them money.

Whispers Where's the selfhelp section?

So, each share price, or the book value of each share price, essentially should be this 3 billion of equity based on the balance sheet.

Japan has mileage standards up here.

So I think, unfortunately, a lot of neuroscientists, we're all somewhat narcissistic.

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?

Freddie Mac.

It's an FAA violation.

During which surveys were conducted at 3 points. baseline, midline, and endline, to study the impact of cash transfers on households.

But it's roughly the right number.

And we'll introduce debt later, because that's another variable that a lot of people don't think about when they

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

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.

The Khmer Rouge didn't believe in money.

Do you know who sponsored this research?

So the asset value is all in equity.