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We typically think that bank takes deposits from us
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Hot Money

We typically think thatbank takes deposits from us and then lends it out

We typically think that
bank takes deposits from us and then lends it out

Full Transcript

00:00:01.000 --> 00:00:03.736
- We typically think that bank takes deposits from us
00:00:03.736 --> 00:00:05.237
and then lends it out.
Duration
5 seconds
Views
23
Timestamp in Movie
00:34:43
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.
The balance sheet equates one entry on this side, - Hot Money 00:11
The balance sheet equates one entry on this side,
- In the old days, - Hot Money 00:09
- In the old days,
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