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Then once I have this
mortgage and maybe the mortgage for many other houses
in the neighborhood, and ideally from other
neighborhoods as well, I throw this into what we call
a special purpose vehicle, which really, in legal
terms, is typically a trust or a corporation, these
assets-shielding devices, and then you issue claims against these new legal
shells to investors
mortgage and maybe the mortgage for many other houses
in the neighborhood, and ideally from other
neighborhoods as well, I throw this into what we call
a special purpose vehicle, which really, in legal
terms, is typically a trust or a corporation, these
assets-shielding devices, and then you issue claims against these new legal
shells to investors
Full Transcript
00:00:01.000 --> 00:00:03.027
- Then once I have this
mortgage and maybe the mortgage
00:00:03.027 --> 00:00:05.272
for many other houses
in the neighborhood,
00:00:05.272 --> 00:00:07.607
and ideally from other
neighborhoods as well,
00:00:07.607 --> 00:00:10.677
I throw this into what we call
a special purpose vehicle,
00:00:10.677 --> 00:00:13.112
which really, in legal
terms, is typically a trust
00:00:13.112 --> 00:00:16.283
or a corporation, these
assets-shielding devices,
00:00:16.283 --> 00:00:18.185
and then you issue claims
00:00:18.185 --> 00:00:21.454
against these new legal
shells to investors.
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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.
