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In order to build a huge condominium development
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Hot Money

In order to build a hugecondominium development in a flood plain in NewYork City, you, of...

In order to build a huge
condominium development in a flood plain in New
York City, you, of course, need a lot of capital

Full Transcript

00:00:01.000 --> 00:00:04.204
- In order to build a huge condominium development
00:00:04.204 --> 00:00:06.014
in a flood plain in New York City, you, of course,
00:00:06.014 --> 00:00:07.307
need a lot of capital.
Duration
7 seconds
Views
18
Timestamp in Movie
01:18:39
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
Municipal actors in New York City are very interested - Hot Money 00:18
Municipal actors in New York City are very interested
- Well, the original program - Hot Money 00:08
- Well, the original program
Areas where water moves with velocity, - Hot Money 00:12
Areas where water moves with velocity,
The building is, - Hot Money 00:11
The building is,
There's a lot of vested interests that don't care, - Hot Money 00:06
There's a lot of vested interests that don't care,
They'd like to build a house on a beach - Hot Money 00:10
They'd like to build a house on a beach
(water flapping) - Hot Money 00:09
(water flapping)
- The ways in which financial actors securitized mortgages - Hot Money 00:10
- The ways in which financial actors securitized mortgages
- So the building contractors all want - Hot Money 00:06
- So the building contractors all want
The town wants to minimize it, - Hot Money 00:15
The town wants to minimize it,
- The coastal communities - Hot Money 00:12
- The coastal communities
- I thought, okay, the city's not requiring me - Hot Money 00:06
- I thought, okay, the city's not requiring me
My realtor didn't tell me I had to have flood insurance. - Hot Money 00:04
My realtor didn't tell me I had to have flood insurance...
- Honestly, you don't look at the flood maps - Hot Money 00:05
- Honestly, you don't look at the flood maps
You fall in love with the house, and 85% of the people - Hot Money 00:07
You fall in love with the house, and 85% of the people
- The United States is uniquely vulnerable - Hot Money 00:17
- The United States is uniquely vulnerable
That's part of our bedrock of the United States, - Hot Money 00:29
That's part of our bedrock of the United States,
- The politics of provision are so tied up with land values - Hot Money 00:20
- The politics of provision are so tied up with land values
- In Texas, we don't have state income tax. - Hot Money 00:05
- In Texas, we don't have state income tax.
That's another reason why you wanna live here, - Hot Money 00:06
That's another reason why you wanna live here,