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In the old days
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Hot Money

In the old days, I would put thismortgage, and I would say, "This is an asset for me,...

In the old days, I would put this
mortgage, and I would say, "This is an asset for me, "because you're gonna
pay me every month "to pay this
mortgage off," right?

Full Transcript

00:00:01.000 --> 00:00:02.006
- In the old days,
00:00:02.006 --> 00:00:04.502
I would put this mortgage, and I would say,
00:00:04.502 --> 00:00:05.703
"This is an asset for me,
00:00:05.703 --> 00:00:07.272
"because you're gonna pay me every month
00:00:07.272 --> 00:00:08.908
"to pay this mortgage off," right?
Duration
9 seconds
Views
19
Timestamp in Movie
00:34:59
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.
So the bank takes the IOU, and the bank sells the IOU - Hot Money 00:09
So the bank takes the IOU, and the bank sells the IOU
- Then once I have this mortgage and maybe the mortgage - Hot Money 00:21
- Then once I have this mortgage and maybe the mortgage
(retro jazz music) - Hot Money 00:19
(retro jazz music)
- Which means I can make loans off these things, - Hot Money 00:05
- Which means I can make loans off these things,
(water splashing) - Hot Money 00:10
(water splashing)
In some cases, they're just buying a slice - Hot Money 00:07
In some cases, they're just buying a slice
And so, all of these are called derivatives. - Hot Money 00:04
And so, all of these are called derivatives.
And everything works, as long as there's an expectation - Hot Money 00:16
And everything works, as long as there's an expectation
(old timey piano music) - Hot Money 00:10
(old timey piano music)
- The banks really aren't keeping - Hot Money 00:05
- The banks really aren't keeping
They're selling those mortgages - Hot Money 00:07
They're selling those mortgages
So, they're able to sort of pass the buck, - Hot Money 00:06
So, they're able to sort of pass the buck,
- Depending on how they're rated by the rating agencies, - Hot Money 00:09
- Depending on how they're rated by the rating agencies...
- So the investors are buying an interest - Hot Money 00:13
- So the investors are buying an interest
So something as illiquid, as formidable - Hot Money 00:10
So something as illiquid, as formidable
The bank has the loan, - Hot Money 00:05
The bank has the loan,
It becomes part of the balance sheet - Hot Money 00:04
It becomes part of the balance sheet
These money market mutual funds then basically exchange - Hot Money 00:21
These money market mutual funds then basically exchange
(wheels creaking) (bell dining) - Hot Money 00:06
(wheels creaking) (bell dining)
So we made a huge jump from let's say the 12th century - Hot Money 00:13
So we made a huge jump from let's say the 12th century