So first, a little bit of definitions.

Maybe debt that you have to pay in the next year.

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

But hopefully at this point you have a sense of what the yield curve is.

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

And maybe the fed is able to, through intervention, first they're able to print money, normally they buy shorter term debt, maybe they start buying longer term treasury debt, and maybe that helps get the yield curve, for longer term treasuries down a little bit.

If that man with her is Richard Kimble,

You're still solvent.

They serviced the loans.

Helps bring it down.

And maybe it also does some longer term treasury securities, or whatever else.

And this non traditional type of intervention, where the Fed is no longer concerned about a target rate, because the target rate is already at zero, where the Fed is not purchasing short term debt, but is trying to buy longer term debt, things further down the yield curve, and maybe things that aren't Treasury securities to begin with, maybe they're starting to buy corporate debt, maybe they're starting to buy mortgage backed securities, this is called quantitative easing quantitative easing.

longer, so things that are maybe going to maybe 10 year treasury bonds, or further out than even that.

So that's bankruptcy.

You go get bankruptcy protection.

What is even a treasury?

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.

What is your strategy in your household?

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.

Now let's say it gets even worse.

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

Actually, I believe the one year itself is a note.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

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

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.

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

Secretary General.

A long time.

I can no longer fulfill my obligations.

So I really do have a positive equity of 11,000.

So we still have the same amount of debt.

So, each of these is an investor.

So GDP goes up a lot fantastic! That's the short run.

On leave?

A long rest. Are you?

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.