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Hot Money

(water splashing) They can reduce their risk because they're notjust buying a mortgage,...

(water splashing) They can reduce their risk because they're not
just buying a mortgage, they're buying a
package of mortgages

Full Transcript

00:00:01.000 --> 00:00:03.836
(water splashing)
00:00:04.937 --> 00:00:06.539
They can reduce their risk
00:00:06.539 --> 00:00:08.874
because they're not just buying a mortgage,
00:00:08.874 --> 00:00:10.442
they're buying a package of mortgages.
Duration
10 seconds
Views
19
Timestamp in Movie
00:36:12
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.
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
(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,