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So, they're able to sort of pass the buck
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Hot Money

So, they're able tosort of pass the buck, pass the risk offto the next person

So, they're able to
sort of pass the buck, pass the risk off
to the next person

Full Transcript

00:00:01.000 --> 00:00:03.703
So, they're able to sort of pass the buck,
00:00:03.703 --> 00:00:05.738
pass the risk off to the next person.
Duration
6 seconds
Views
24
Timestamp in Movie
00:37:09
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.
- 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
(slurping beverage) - Hot Money 00:07
(slurping beverage)
The same value is used, not just one time, but two or three - Hot Money 00:09
The same value is used, not just one time, but two or three
It is not going for productive investment in firms. - Hot Money 00:05
It is not going for productive investment in firms.
It is also not going to finance and fund - Hot Money 00:07
It is also not going to finance and fund
At the end of the day, it's our houses, - Hot Money 00:07
At the end of the day, it's our houses,
The IMF has called it "the shadow banking system." - Hot Money 00:07
The IMF has called it "the shadow banking system."
It also doesn't mean that it is necessarily shady and so on. - Hot Money 00:04
It also doesn't mean that it is necessarily shady and s...
It is just that it is shadow because there are no rules. - Hot Money 00:05
It is just that it is shadow because there are no rules.
It's sort of almost the Wild West of the financial sector - Hot Money 00:14
It's sort of almost the Wild West of the financial sect...
It's like you and I say, - Hot Money 00:10
It's like you and I say,
"I'll get a bonus for setting up the insurance. - Hot Money 00:05
"I'll get a bonus for setting up the insurance.
"You'll get a bonus - Hot Money 00:06
"You'll get a bonus