The best plan I've ... By: 2wheels88. on 29 Mar 12, 00:24:30 The best plan I've seen is the LaRouche plan(Lpac tv),it's a? 3 part plan, first part being Glass steagle act worldwide and of course throw out the City of London run British monetarist system that owns the Federal Reserve,which of course is a Private Bank not federal at all and owned by the globalist Banksters out of The city of London(not London City).The best System I've seen is to get rid of banks all together and replace them with MPE Mathematically Perfected Economy.Created by a genius.
You could have ... By: bjmorris64. on 06 Jun 11, 00:11:42 You could have saved a whole bunch of time and edited all of the videos down to the 20 seconds of the last? one. BTW. I really enjoy your take on things. Even those I don't agree with because I think your main objective is an honest and open society. Thank you.
thanks? By: paulceltics. on 07 May 11, 17:39:43 thanks?
"in the last couple ... By: sleepyhead7391. on 14 Apr 11, 03:23:24 "in the last couple of videos, i've been dumping on the? geithner plan"
This sorts of begs ... By: littlebluemagic. on 15 Mar 11, 05:42:58 This sorts of begs the question, what if the transparency really shows that that the banks really should fail. Is? there a way to minimize the impact of all these large banks going bankrupt at once?
Here's what is ... By: yaimavol. on 27 Oct 10, 01:44:33 Here's what is missing in your calculation: fractional reserve derivatives. In other words, they took a mortgage worth 300K and sliced it into derivatives worth $ 1 million. ? This is the next shoe to drop. Pension funds have demanded more information about the derivatives they are holding, and banks either can't or won't tell them. This is the biggest financial fraud in history, and it is moving into it's 2nd phase of destruction.
I actually like the ... By: asbytec. on 07 Aug 10, 11:31:25 I actually like the Lone Star deal for a couple of reasons. First, it removed a distressed asset from the balance sheet and parked it in an affiliate of Lone Star. Second, The distressed asset was replaced by a loan asset of higher value on the original bank's books. Lastly, it left the government out? of the mess to facilitate such deals with interest rates. This is free market capitalism fixing itself.
Would you please ... By: matt92649. on 23 Jul 10, 09:35:11 Would you please make a video explains the Paulson plan that bailed out AIG 100 cent for? the dollar by taxpayers money including all the toxic assets they have. Thank you.
Until the thieves ... By: upliftspirits. on 10 Jan 10, 23:38:02 Until the thieves go to prison for stealing from the baby boomers; nothing will ever? change. Until Congress pass laws against stealing no banker ceo will ever go to prison.
The? toxic asset ... By: caffeinephreak. on 14 Dec 09, 10:22:43 The? toxic asset website is a nice idea but big software projects are notoriously over-budget and fail to get completed.
Sal,
You are over ... By: mallikai2009. on 05 Jul 09, 00:47:45 Sal,
You are over simplifying the process of adding transparency to these complex securities. Why would a bank open its books to the govt. and provide essential information to add more transparency? Secondly, who the govt. can employ to do the meticulous job of auditing the assets and verifying the facts? What is the incentive for the auditor or the bank to embark on this? plan?
The insolvent banks should go bankrupt or nationalized.
Please address the ... By: emilianopickett. on 11 Apr 09, 01:13:37 Please address the politics behind Geitner, the bank and hedge fund owners!!?
gr8 videos - please ... By: Lukeeeeo. on 04 Apr 09, 16:41:24 gr8 videos - please keep them coming sal!!!! i saw youon cn? too, you were gr8
thank? you so much By: elieone. on 01 Apr 09, 20:49:51 thank? you so much
To charliebrown1000 ... By: hipbas. on 31 Mar 09, 23:32:43 To charliebrown1000,
The whole problem is the systemic failure of the derivatives market and these fraudulant casino type financial instruments. As Warren Buffet called them, "Instruments of Mass Destruction". They need to be written-off and eliminated, not re-created. We need transparency and regulatory oversight . We need to repeal things like the Commodity Futures Modernization? Act of 2000 that took away Government oversight and re-introduce a broader version of the Glass-Steagall Act .
sal,
I think that ... By: charlybrown1000. on 31 Mar 09, 21:59:40 sal,
I think that your idea would work if there were an opportunity for? the assets to rise (fron whatever the price starts from). And they would rise depending on the Real state (real) demand and price.
But the problem is that RS prices wont grow because the mess have to end. And the mes wont get in orther till the prices of the (real) real State rise.
I think that a solution would be to create a whole new CDO market (not toxic) in the rest of the world that would help to give a fair price.
The sad truth is ... By: hipbas. on 31 Mar 09, 11:02:00 The sad truth is that the people involved within the Treasury Department concocting these fraudulent schemes(Geithner, Summers, Volcker etc) know exactly what their doing, these are not incompetent people.Their corporate past represents total conflict of interest with their current positions. They are loyalists to the financial oligarchs. Unfortunately they do not serve the interests of the people and will leave them on the hook for trillions of dollars? and for generations to come.
@anolmec, you make ... By: dubbleplusgood. on 31 Mar 09, 10:40:15 @anolmec, you make want to look into what legacy assets are. Toxic assets was renamed to Legacy assets to make them? sound better.
@sal, you need to go back on Rachel Maddow with this video and get this Geithner plan stopped. Excellent series, thank you.
Hi Khan, as? always ... By: ampelmaennchen72. on 31 Mar 09, 09:06:11 Hi Khan, as? always, a great video but....
...don't you thing that the problem with letting these major banks go bankrupt (like they should) it would trigger an avalanche of CDS's which would totally bankrupt the whole financial system? 700 billion won't be able to cover that, because it's estimated that the CDS sector has become a multi-TRILLION Dollar industry.
"The reality is? ... By: wmacorlando. on 31 Mar 09, 03:48:51 "The reality is? that if these banks are bankrupt, then let them go bankrupt" I LOVE IT!
khan...your plan? ... By: anolmec. on 31 Mar 09, 02:17:28 khan...your plan? considers toxic assets and how to rewrite the books in order to make the bank solvent. We are now hearing about legacy assets, which one might suspect to be loans used to build the plethora of empty strip malls, home depots, Lowes, etc. scattered about the place. In a slowing economy these legacy assets may (will)go toxic as well. So in your future presentations you may want to graphically depict the banks as a hole rather than a box. Actually a black hole would be best.
But the government ... By: draggeddownthehole. on 30 Mar 09, 23:28:30 But the government seems to prefer writing blank checks to the banks than exposing their lies and doing what's good good? for the country.
They are not going? ... By: collegeboy477. on 30 Mar 09, 21:33:36 They are not going? to do this because it makes too much sense
Yup, you've summed ... By: ampelmaennchen72. on 30 Mar 09, 21:22:44 Yup, you've summed it up very nicely!
They (= bankers? and politicians) don't want transparency AND they would rather have the taxpayers pay for all the mess they have created AND try to make a few bucks if (!) the whole thing rebounds.
Of course it won't rebound (just as those MBS's and CDO's weren't a good investment in the first place), or at least not for the next 10-15 years, but hey, that mess is for future generations to sort out. :(
I am begining to ... By: anolmec. on 30 Mar 09, 21:02:42 I am begining to think the reason the toxic assets are so opaque is that for the most part they are worth 0. How would one ever calculate the vaulue of a synthetic CDO?
Geitner should be replace by Maddoff.....at least Madoff KNOWS how to run a ponzi. How many years did Bernie run? an insolvent investment firm,,,,free bernie madoff
Your solution is brilliant. If implemented it would prove what you said at the very begining of this debacle...
SINCE DAY ONE FUND NEW BANKS
Average person ... By: rrybailey. on 26 May 12, 04:42:32 Average person moves 10 years or less. Interest alone rapes you. 2nd I can count on one hand the amount of people who have paid off their homes. 3rd, so you paid off your 30 year old 200k home. Your house is now worth 100k. A 500k home in my neighbor 100% redone just sold for only 250k. AND a shitty job market, who knows where the economy is going? My only response is I'm glad there's landlords like you to take my money bc for ever one that makes a dime 10 lose their shirts. Trust me, I know? 10.
Please do not take ... By: friendly37. on 26 May 12, 03:33:15 Please do not take this as personal. Be a sportsman and respond to what my example with an argument. I know may be you are shortsighted, but if people apply what you said they will have regrets all their retirement life. If you are educated just write something to defend your opinion.I will give you something to think of. If the owning something is bad i? will tell you this you are renting from an owner who makes money because you are ignorant and you have understood nothing in life. God bless
Are you autistic or ... By: rrybailey. on 25 May 12, 19:22:59 Are you autistic or just uneducated??
Don't be so ... By: mrblueysky. on 25 May 12, 00:09:13 Don't be so faithless. There are many people who are financially intelligent and have actual willpower to not fetter their? savings away immediately, rather seeing the long-term gains. 'Everybody' is a gross exaggeration. The math is clear, not emotional like your statement.
Tell if two men, ... By: friendly37. on 21 May 12, 12:02:42 Tell if two men, they are 25. one rents and the other owns. After 30 years. what will happen? now they are 55. ok. so even the the owner has paid more during these 30 years. The end is that the man who rents is always renting and thus spending more money. And believe me when you are paying just $1200 fro a month for a two bedroom. you are always subject to rent increase and? you can do nothing. Rent is always going up and it has never gone down.
Well it is so easy to understand. thanks
the idea is that ... By: hriant. on 18 May 12, 09:20:00 the idea is that you save those money in the bank, BUT as we know everybody will tell himself, "well i have 100k in the bank, lets buy a fancy car that i do not need" and in 10 yeasr your friend that buyed house will have place on his own, and you will have? NOTHING
this is? kind of a ... By: xangelofxdeathx. on 04 Apr 12, 01:26:59 this is? kind of a big deal because if we use your "reasonable assumptions" owning a house is better than renting a house after 1.5 years.
at 13:49 why does ... By: xangelofxdeathx. on 04 Apr 12, 01:21:30 at 13:49 why does your cell on? row 56 say 480,044 when the spreadsheet we download says 419,548
I think you should ... By: GrenEggz. on 03 Apr 12, 17:45:15 I think you should redo this video with current prices. A $750K now you better pay cash! $750K is way to expensive for a roof and one should re-evaluate their lifestyle if they think they? need to borrow $600K for a house... I'd hope they have strong job security, no debt, and making great money 250K+
go chase some? ... By: BrianPeppers42. on 03 Apr 12, 03:49:29 go chase some? girls or something
I think another ... By: lifegiver36. on 23 Mar 12, 16:57:12 I think another expense you can add? for owning a home, that only occurs when owning and not renting, is property damage. Say a hurricane rips half your roof off, if you own then you have to pay to fix it, if you rent then the landlord does.
He has stated ... By: lifegiver36. on 23 Mar 12, 16:52:00 He has stated previously he rents. Even if he didn't, what does? that have to do with the math he did?
I'm a financial ... By: EnTheosUsmus. on 20 Mar 12, 17:18:33 I'm a financial analyst (in Costa Rica) and I'm completely sure that there is no way that buying is better than? renting. I made my own model (even more conservative) and all my scenarios results in the same conclusion. In the US, in Costa Rica, or China, renting is better.
why? should we care ... By: 60fft. on 18 Mar 12, 07:11:10 why? should we care if u r 16 or 10 man ur so fucked
The problem with ... By: scopelite. on 17 Mar 12, 23:18:33 The problem with renting is people usually won't religiously save that money that they could have put into a house, then there's the intangible variable of the quality of life gap between living in a home and renting an apartment if the comparable mortgage payment you can afford only allows you to? rent a cheap apartment.
It's not just rent. ... By: unytcommsys. on 30 Nov 11, 11:12:24 It's not just rent. It is cost for keeping the house i.e. repairs, insurance, property taxes, etc. The math? changes accordingly.
Kool, really good? ... By: srikumarrajesh. on 28 Nov 11, 19:26:37 Kool, really good? video...
Also remember that ... By: harisnsiddiqui. on 24 Sep 11, 20:38:26 Also remember that the video is not illustrating a Thumb rule but rather a scenario where traditionally renting a house at face value would be? cheaper. $1200 rental vs $2000 mortgage.
Also factor in maintenance, insurance, property Tax and inflation. So their is no simply yes or no answer when it comes to buying vs owning but in the scenario and perhaps generally buying would be more costly.
Sal does not own a ... By: harisnsiddiqui. on 24 Sep 11, 20:12:58 Sal does not own a house and he has made that clear in 2 other vidoes.? Offcourse that was in 2008, so not sure if that has changed in the last 3 years.
the video taht ... By: PCGamerPortal. on 26 Aug 11, 03:06:05 the video taht comes right before this one on the playlist talks about that, when he made the video he did not own? a home, he rented it because it was the better choice for him.
a big question: I ... By: friendly37. on 21 Aug 11, 12:10:31 a big question: I just visited your website and see how bill gates helps you to make your non profit organization.
Do you own a home?
if yes please give us another video explaining why is owning is better than renting.
if not i doubt that. ? please be honest. since you are educating people on how to take good choices and teaching old things in a new way. thank you for your time.
by the way the ... By: friendly37. on 21 Aug 11, 11:50:37 by the way the neighborhood where i live, the rent is more expensive than paying my monthly? mortgage. all american who are rich are owners, all who don't own are mostly poor.
the housing market goes up and down as anything else. i am convinced of being an owner is better. i can even rent some rooms and make some profit.
i know some people who owns a lot of houses and let the renters pay for the mortgages.
if you travel a lot, there is no need to won. thanks
I am living in a ... By: friendly37. on 21 Aug 11, 11:40:15 I am living in a luxury townhouse. i pay $1400 for my monthly mortgage. The house is $190000. so i paid it in full after 30 years it will cost me $504000.
now suppose i rent this townhouse for $1400 monthly. It will cost me the smae amount after 30 years. Now if? i rent, i will continue renting after this 30 year period. right.
please tell me now who is the winner.
if companies that lease apartments lose money, do you think you can find a place where to live.
When you deduct ... By: bluefoxicy. on 25 Jul 11, 02:01:38 When you deduct your interest, you have to itemize: you lose your standard deduction. So unless you? have $17,800/year or more in interest (assume you pay 35% in taxes; lower tax bracket, higher number), you're disadvantaged. That's the break-even tax advantage. At 4.25% that's 4.337% APR, you need a $410,421 house to get a tax advantage.
You really need a financially crippling house before owning is better than renting. Put that money in your 401(k) and savings.
75% of? 1.5 million ... By: eqlipse333. on 18 May 12, 23:32:37 75% of? 1.5 million is 1.5(.75)=1.25million.... though I'm sure you already noticed that :)
Something doesn't ... By: UmTheMuse. on 14 May 12, 22:30:39 Something doesn't add up here: the house liabilities equal the house asset in the first box. What about interest? That would make taking out? a loan for consumption even worse than you see here.
It still surprises ... By: Monnie Gnoess. on 09 May 12, 02:56:59 It still surprises me, just how lots of people do not know about Zuntrasoft Payday (google it), although a lot of people have a good review about this payday loan company. Thanks to my friend who told me about Zuntrasoft Payday, I managed to? get my cash within an hour after I applied without credit check and fax.
This still surprise ... By: JenniferMills8722. on 30 Apr 12, 05:29:43 This still surprise me, how many people have no idea about Zuntrasoft? Payday (just google it), although a lot of people have a excellent review on this payday loan company. Thanks to my buddy who told me about Zuntrasoft Payday, I managed to get my cash within just an hour soon after I applied without credit check and fax.
Another thing the ... By: Pdrum2. on 06 Apr 12, 03:15:12 Another thing the boom was just an illusion its? it didn't drive anything except spending
House is not ... By: Pdrum2. on 06 Apr 12, 03:11:01 House is not imaginary? weatth
the bubble has ... By: 14writ. on 09 Mar 12, 23:54:12 the bubble has burst now! explain that? to the people on the bottom of the collapse. not everyone wants to live beside you when it hits the fan. the neighbor will not be able to pay his mortgage. three houses have been empty for 5 years. my neighbors and i have supported the thieves and vandals. greed fueled this mess! you toad!
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U ARE AWESOME
? By: andrew1996128. on 07 Jan 12, 08:34:48 U ARE AWESOME
?
I? think this is ... By: REXAgreeement. on 25 Dec 11, 12:41:28 I? think this is great.
Heey 25% off 1.5 ... By: BareTheCareBear. on 15 Dec 11, 12:04:39 Heey 25% off 1.5 million isn't 325k but 375k. An easier way to calculate? the 25% is to halve it twice instead of taking 75% off.
Example : 1.5M /2 > 750k /2 > 375k
Having basic ways how to calculate really helps, if you mess one number up the whole balance is wrong.
nice? share By: adamaqmal. on 06 Dec 11, 07:57:47 nice? share
your home is not an ... By: CHOCHADE. on 24 Nov 11, 18:19:18 your home is not an asset if it is taking money out of your pocket.... its an asset to the bank but not you.....so the whole 1.5m should not? be in the asset column but the appreciation so equity gained works in your favour to be an asset
thanks for? the ... By: grupotusolucion. on 11 Nov 11, 13:17:16 thanks for? the video
very interesting? By: calcularhipoteca. on 11 Nov 11, 13:12:56 very interesting?
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Home? Equity Loan ( ... By: FortNikitaBullion. on 06 Aug 11, 17:32:59 Home? Equity Loan (HEL) = HELL.
Oh hai, I will tell ... By: ratun143. on 28 Jun 11, 16:49:28 Oh hai, I will tell how you could earn some money uploading youtube videos. Google some royalty free wallpapers, songs or templates. Upload them to Rapidshare. Then sign up with bee4biz? (you can simply Google it) and lock your download link. Make lots of videos showcasing your free downloads and post protected download link in your video description. bee4biz will pay you when people complete a survey to unlock your download link. They pay weekly via PayPal.
i like? this video, ... By: zickpro. on 28 Jun 11, 15:33:46 i like? this video, thanks!
It's hard for ... By: firebirdude2. on 22 Jun 11, 18:56:50 It's hard for people to not spend money when they have a lot of it. So loans like these made people feel rich, when in fact, they were on a high produced by rising real estate. When real estate plummeted, the home owner was left holding a huge loan (in addition to their initial mortgage) after? living like a king for a couple years. Did it happen to everyone? No, but even 50% is a disgusting huge amount. Foreclosures reached an all time high.
at the end after he ... By: TheTruthHurtsYup. on 17 Mar 11, 18:49:30 at the end after he said people were taking out equity? loans all the while not having a job, but spending money like crazy, he should said 'and that drove the economy DOWN'
A brief ... By: DavidCFeathers. on 09 Mar 11, 20:01:52 A brief introduction to the terms HEL and? HELOC can be found at whatishel. com (What is a Home Equity Loan).
came? on...
you ... By: gomzalez. on 15 Feb 11, 16:40:54 came? on...
you have $750k equity and asset and you spend 100k on vacation and you are left with $650k. is this a lesson?
So...how? did all ... By: theporksicle. on 31 Jan 11, 02:09:23 So...how? did all of this crazy creation of nonexistant wealth not cause rampant inflation?
Video duration: 394 seconds
Global video hits: 8729
The girls are working hard to pay the bills; Vanessa is investigating a "client", Cyndi is rushing off to dance at the club in LA, and it is Elaine's first day on the job as a children's entertainer....
A Las Barricadas ... By: khoroshoorange. on 19 Apr 12, 20:41:13 A Las Barricadas Comrade!?
the government is ... By: pishue21. on 01 Dec 11, 03:18:28 the government is just imbecilic way they run the? country
the banks owe the ... By: balearicsoundwave89. on 15 Oct 11, 21:07:30 the banks owe the english tax payer 850 billion pound,but are not ,and will not pay? it back. thats why englands fuckled,and the poorest in society suffer,good job most of em are thick as pig shit.
Suits & Ties ... By: PeaceProfit. on 24 Sep 11, 01:24:16 Suits & Ties Experts one and all blah blah blah on YT & TV, Got it all figured out dump more money on the wealthy, Suits crushing the people to bailout out their mess, Experts one and all at O.P.M. Chess, Blue tie you feel good Red tie your scared to shit, Blah blah blah just keep sucking corporate tit, Media suits,? Government suits representing who and what, Those who wear suits while kicking your butt, With O.ther P.eoples M.oney & Global Chess, Suits addicted to their O.P.M. Mess...
Solving World ... By: PeaceProfit. on 24 Sep 11, 01:23:55 Solving World issues & initiating strong Global*Economic Recovery is a matter of effectively applying Human Potential, NOT Political, Financial, Corporate or Market Wrangling. C.C.C.+Community Conservation Core, A.R.C. +Abuse Recovery Centers, My*1040 + Individual Directed Capitalization, Lotto*2013 = 2*Billion Jobs, Global Investment, Recovery, Security, Unity, Healing & Global Shift toward a World4Peace. There is a Plan, it Can*Work 12*Minutes +? 13*Months = World4Peace Unite the C.H.A.O.S.
He? refered to " ... By: MsPepperminta. on 28 Aug 11, 13:57:57 He? refered to "socialist parties," not socialism.
"No country can be ... By: MsPepperminta. on 28 Aug 11, 13:56:47 "No country can be expected to push itself into a generation of depression in order? to pay creditors, who simply create all this credit to lend to governments on computer keyboards." Thank you, Mr. Hudson.
You're right, the ... By: nikiwonoto. on 24 Aug 11, 10:52:14 You're right, the bankers are all acting out of their own SELF-interests, which obviously doesn't benefit nor making REAL progress in humanity at all.
want to hear some recently break-through alternative system that's quite popular underground, and WORLD, nay, PLANET-wide?
then google Zeitgeist, Venus Project, and Resource Based Economy (RBE).
Even type in Youtube "Zeitgeist Moving Forward" and watching that? documentary alone will truly expand your mind & possibilities.
Time to wake up, people.
They make no ... By: greenday1978. on 27 Jul 11, 13:33:57 They make no connection between weakening our national economies and the liabilities they are facing now. For them it is more convenient to blame the lazy missgoverned southerners and assume airs of (sometimes racial) superiority. The 3 bailed out countries have different profiles and are in a mess for different reasons but in Portugal this loss of relative? competitivity was fatal...and Portugal will never be able to compete with chinese semi slave labour.
I, Portuguese, and ... By: greenday1978. on 27 Jul 11, 13:29:13 I, Portuguese, and you, greek, can not expect a German Chanceler to defend the interests of our small nations. They gain nothing politicly by? doing so. So when they force the EU to open its market to chinese textiles (killing off the portuguese textile industry) or when the french force the opening of the EU market to fruit and vegetables from the Maghreb (eliminating valueble comparative advantages because of climate inside the EU area) they see their profits only.
Thank you JM but it ... By: greenday1978. on 27 Jul 11, 13:23:12 Thank you JM but it does. You are right to say that we are being ruled for the benefit of the financial sector but, because our european national politicians still need to be elected, also by national leaders with national and not whole Europe interests. The? shortness of the political cicle (4 or 5 years) also shows its shortfall by allowing our politicians to rule for the short term and not the long run.
Well-said.But,in my ... By: JeanMaria93. on 26 Jul 11, 23:17:33 Well-said.But,in my opinion,the problem doesn't lie with the E.U. as a mechanism,it's the fact that European politicians are clearly governing on behalf of the financial sector(creditors and banks)instead of the people and it's the people that have to take the fall.These "austerity projects" obviously do? not work;in fact,I'm not sure they're meant to,seeing that Greece's debt escalated to 160% of its annual GDP ever since the E.U. requested the intervention of the I.M.F.
??????? ??? ... By: ypruss. on 26 Jul 11, 08:25:27 ??????? ??? ?????????? ?????????? ?? ????10 ????? (Greek default for dummies)
watch?v=lUbvOkBIBZ0
???? ??? ????????? ?????????? ?? ???? 3 ????? (solution of the Greek default for dummies)
watch?v=uENOsI_w5ns
Absolutely. I've? ... By: classicallady. on 20 Jul 11, 02:13:45 Absolutely. I've? lived there in Cascais many years. My husband is also Portuguese. The house pricing, the food price.....UNBELIEVABLE. But the PS altogether with the financial terrorists known as bankers contributed a lot to the poor state the country is right now. We should re-think European Union.
yes we were, with ... By: greenday1978. on 19 Jul 11, 16:52:50 yes we were, with the escudo and with our customs and political sovereignty intact. Small countries can not afford to loose sovereignty. When we joined europe we lost control over our customs taxes, farming and fishing policy, the right to subsidise economical sectors important to us, to give? preference to national companies, etc etc But my generation as an exemple was submited to so much european propaganda we could not see it...but we are opening our eyes.
so, uh ,when we ... By: mrzack888. on 18 Jul 11, 04:34:06 so, uh ,when we start the killings?? ?
Few are noticing we ... By: classicallady. on 17 Jul 11, 17:00:02 Few are noticing we have 3 billion people more than the Earth can? accommodate. There arenot sufficient work for everyone mainly on this tech times.
? I am still trying ... By: classicallady. on 17 Jul 11, 16:58:46 ? I am still trying to fin out how could he have bombed this comment. Totally the opposite, actually.
You? guys were ... By: classicallady. on 17 Jul 11, 16:57:30 You? guys were better of with the Escudo.
Yeah, most of the ... By: atosafi1. on 14 Jul 11, 19:37:41 Yeah, most of the guys I mentioned aren't "socialists" in the right sense of the word, but they've openly declared? neoliberalism to be a failure and have taken one step to the left - which is better than one to the right.
That isn't true for ... By: Arrrz77. on 14 Jul 11, 17:08:43 That isn't true for labour, Miliband is just positioning himself a tiny amount left of? the government.
Most parties in ... By: atosafi1. on 14 Jul 11, 12:53:09 Most parties in Europe and North America are neoliberal, there are no conservative parties. Only Taiwan, Japan and the like still have conservative parties.
As for the social democratic parties, in Northern Europe they're moving to the left again and abandoning neoliberalism, partly, at least. There's Juholt in Sweden, Miliband in the UK, Sigmund Gabriel in Germany and Sovndal&Schmidt? in Denmark - all of whom have denounced neoliberalism and embraced regulations and social democracy.
If the systemic ... By: elbowbiter1. on 14 Jul 11, 02:23:24 If the systemic problems are: Corruption, War, Crime, Poverty, Biosphere Degredation, Planned Obsolescence, Artificial Scarcity, and Select Technological Stagnation; and you are willing to grin a smug grin in satisfaction while you dust off your hands thinking that, 'this is the pinnacle...' then you have earned the right to call yourself a Capitalist. Enjoy? it while it lasts because either you go or we all go and for your kids (and their kids) sakes let's hope it is just you.
Ok many "socialist" ... By: Arrrz77. on 14 Jul 11, 00:36:22 Ok many "socialist" parties are now neoliberal, (actually pretty much all imo) but they are not ever to the right? of conservatives in my knowledge.
I DO NOT WANT ... By: greenday1978. on 13 Jul 11, 16:38:56 I DO NOT WANT PORTUGAL TO BE A COLONY OF NORTHERN EUROPE! and at this rate the rich of northern Europe will have all the wealth produced by us and the people of Portugal will be condemed to migrate and/or live in absolute poverty in the land that? used to be ours.
the only thing I am ... By: educainterna. on 25 May 12, 17:11:44 the only thing I am confused when I watch these videos is how do? you know absolutely about every class my college teaches!?!? Statics, Physics, Chemistry, economy and Banking!?!!?
7 people? work at ... By: 27mstein. on 15 May 12, 03:19:00 7 people? work at JP Morgan
wow simply ... By: hasan7e. on 01 May 12, 13:51:24 wow simply excellent
?
ur awesome? man By: pgaquigz1125. on 22 Apr 12, 16:59:25 ur awesome? man
Gays check out? how ... By: nokkont. on 19 Apr 12, 19:38:16 Gays check out? how to become popular Russian invention
/watch?v=Y-pztzYMasA&feature=g-upl&context=G2f02875AUAAAAAAAAAA
what? is the time ... By: philpritchettphan. on 31 Mar 12, 06:10:52 what? is the time frame of each statement?
ur just jealous LOL ... By: desiheartinfo. on 26 Mar 12, 02:01:10 ur just jealous LOL. He makes videos for people, who don't have any knowledge of a particular topic. That's why he made a 12 minutes video. So? that even a person never had any education background or stuffs, can easily learn and understand the basics.
FYI, he holds 3 MIT Degrees and 1 Harvard Degree, so He knows way better than you :D
This is crap! What ... By: iambobman420. on 19 Mar 12, 03:35:03 This is crap! What took him 12 minuets to explain can? be done in 2 minuets. There's 10 minuets of mumble and repetitive nonsense! This is not a professional presentation, this is half baked and made on the fly. Sorry dude, but there way better material out there to learn from.
"I? have to buy my ... By: BapidBeagle. on 17 Mar 12, 05:50:34 "I? have to buy my security guards machine guns."
Now iphone4 just ... By: herschelxcwds56u. on 03 Mar 12, 04:07:52 Now iphone4 just stay here to wait you,Move your finger! Xcf7 accuc.info?
Sal, If everyone ... By: UnchainTheNight1. on 29 Jan 12, 01:34:12 Sal, If everyone had you as a teacher, there wouldn't? be a recession.
Very well? ... By: anudude. on 25 Jan 12, 18:30:58 Very well? explained. Great work. keep it up.
This is the best ... By: dadac123. on 02 Jan 12, 16:57:12 This is the best course I ever take!
And I never thought I would? enjoy a banking class like this.
Your explanation made it simple and clear.
OMG! How I wish I could have a teacher like in my real life.
And I'm feeling lucky that I can take your course through Internet.
Thank you! I really love it! I wanna take all of your courses, just can't wait to see the next lecture :)
OMG THIS IS AWESOME ... By: eXoudOne. on 28 Nov 11, 23:35:27 OMG THIS IS AWESOME!? BE MA TEACHER PWEASE!
that was so? easy ... By: lakerboy4lyfe. on 12 Aug 11, 21:12:09 that was so? easy to follow, thankyou!
why didn't you? ... By: FoodTech41. on 30 Jul 11, 21:05:33 why didn't you? pick up the phone? it's me. just wanted to say thank you. :D
A biggest public? ... By: PositiveMoneyUK. on 01 Jul 11, 11:05:30 A biggest public? campaign has started to end fractional reserve banking, look at the POSITIVE MONEY website and support the campaign ...and spread the word.
Wow I wish I would ... By: universalmusac. on 26 Jun 11, 17:31:16 Wow I wish I would have taken this? instead of spending $500 on an accounting class at a community college. Actually my prof was pretty good and they cover a lot more than this but still
How come there is ... By: boyraceruk. on 18 Jun 11, 19:21:16 How come there is only $10m in? deposits when they have been paid $500k? Shouldn't that go on the end of year balance sheet?
Thanks for the ... By: krusaderkrusader3. on 04 Jun 11, 08:50:54 Thanks for the response. This was actually the? reason why I asked the question - I thought that besides the bank building the entrepreneur also has 1m in cash. So my predictions were kind of right I guess.
The equity in this ... By: whartanto2. on 04 Jun 11, 05:46:04 The equity in this example is only $1 million of Shareholders' capital. This? starting equity is then used to purchase the bank building for $1 million. You could not count the building again because that will be counting the same thing twice. Easy way to think about it is if I have $10,000 in cash that my dad gave me and use it to buy a car worth $10,000, I dont end up with $20,000. I ended up with $10,000 just in different form.
Why don't you treat ... By: krusaderkrusader3. on 03 Jun 11, 14:21:23 Why don't you treat the bank? building as a starting equity also? (when you calculate the relative income at the end? What implications would there be if you'd include that building as a starting equity?
PICK UP? THE PHONE! By: killsomething2. on 02 Jun 11, 08:56:55 PICK UP? THE PHONE!
In terms of pure ... By: UmTheMuse. on 14 May 12, 20:36:09 In terms of pure money, a managed bankruptcy looks like a good idea: it looks like you're getting a "heads I win, tails you lose" deal. The problem is that if you're a douchebag like that, nobody? will trust you with their money. You're a legal conman, after all.
Businesses depend on their good names, so they can't use this. Individuals would have to get a really good deal to sell their souls like that.
Thanks for teaching ... By: UmTheMuse. on 14 May 12, 20:31:30 Thanks for teaching us all how to destroy the world, lol.
1. Become an investment bank
2. Pour all? risk into your minion corporation, as per your Mortgage-backed securities series
3. Buy a house for 2-3x asking price
4. (Optional) Broker home equity loans from all the neighbors. You can get a buddy to do it for you
5. Laugh at the ruined homes
EC: buy these "distressed" properties with consumer upgrades for a discount and take over the neighborhood instead
Gays check out how ... By: nokkont. on 19 Apr 12, 19:32:06 Gays check out how to become popular Russian invention
/watch?v=Y-pztzYMasA&feature=g-upl&context=G2f02875AUAAAAAAAAAA?
Does this have to ... By: vickiormindyb. on 18 Apr 12, 15:14:48 Does this have to do with managed bankruptcy?
My friend's an economist, and he strongly opposes filing 4 ANY type of bankruptcy. He used to work on Wall Street and, on? 'Wall Street Week,' he was featured in a segment about what economists think of bankruptcy. He emphatically advised against doing so. But that was in the early 90's.
Why is managed bankruptcy suddenly "the in thing to do?"
Don't tell me it's b/c Mitt Romney suggested it.
I think he's a fool but not for that reason.
Get rid of? them ... By: MrLivePositive8. on 03 Apr 12, 00:51:00 Get rid of? them and we can find out. Leaving them in that position will only make things worse and it is.
back up? . By: MrTobybuddy. on 02 Apr 12, 22:41:08 back up? .
u should be working ... By: weihao107. on 28 Mar 12, 17:17:04 u should be working for the government u know u could have? prevented all these
Regarding the first ... By: DaveJLin. on 24 Jan 12, 15:59:34 Regarding the first house selling for $1M ... He originally paid $100K for it, paid $20K up front, and owes the bank $80K. So, after all the dust settles, he should profit overall only $900K at most ($1M gained, $100K spent), if we disregard interest, fees, taxes, etc. So, after paying back the bank the $80K loan, he keeps $920K from the sale, where $20K of that was his original down payment. So, he is net $900K richer than before, and he goes to Costa Rica? with $920K, not $940K.
Actually printing ... By: Ksblue. on 27 Nov 11, 11:44:16 Actually printing money just redistributes wealth. The new money does have true value as the new? money becomes a vehicle for redistributing wealth.
wait...so you are ... By: TallFastLoud. on 17 Oct 11, 18:29:43 wait...so you are against the New Deal but for a /more/ progressive tax structure? how do you reconcile those two? things? oh, and how they made it? slave labor, for one thing...
this is a fallacy. ... By: TallFastLoud. on 17 Oct 11, 18:28:13 this is a fallacy. gold has no intrinsic true value either -- the only reason it's rising right now is psychological -- people /perceive/ it to be intrinsically? valuable. but really, it's a mostly worthless, if attractive, metal. money is a social construct; it's an accounting tool, not a commodity. and what's all this about the world bank? the Fed determines our money supply, dude
money huh?? By: heyathere1000. on 24 Aug 11, 06:23:24 money huh??
@namewasavailable ... By: dold1tflkin. on 10 May 11, 14:07:27 @namewasavailable It's? a book , written by Silvio Gesell - THE NATURAL ECONOMIC ORDER.
It refers to Interest as an unnecessary evil, and proposes another way.
I think you need? ... By: Mechness. on 24 Apr 11, 01:54:10 I think you need? to study your history more closely.
yes, implementing? ... By: ramrants. on 22 Apr 11, 08:31:13 yes, implementing? a centralized economy does require a change in human nature. This is why centralized economies are implemented through force. The USSR, China, Cuba are just a few examples of how wonderful that system is. Everyone is poor or dead.
are you aware that ... By: ramrants. on 22 Apr 11, 08:28:33 are you aware that this country did not have a personal income tax until the 20th century. And when personal income tax was passed, it was the top 1% who paid 10% of their income. It? wasn't until the 30's (thanks FDR and your big government programs) did all Americans have to start paying a personal income tax. How did this country make it to the 1930's with no income tax?
this is wrong on so ... By: ramrants. on 22 Apr 11, 08:24:54 this is wrong on so, so, so many levels. First, those with capital increase their wealth as well as those providing the labor. ? Those providing the labor don't work for free - they are paid with capital.
Socialism does guarantee a standard of living - it guarantee's everyone is poor.
Wealth does not pass up, it passes down. Those at the "base of the pyramid' have the least amount of wealth, with little disposable income. There is little/nothing to pass up.
Get a clue.
@AUSM92? If you ... By: Mechness. on 17 Apr 11, 21:39:10 @AUSM92? If you ever had a point to make, I missed it.
Really great videos ... By: 87ddda. on 14 Apr 11, 08:00:17 Really great videos! Would be great if Sal could make? one about "Wealth Construction" as well..
Brilliant video ! ... By: exemsexis. on 12 Apr 11, 12:57:00 Brilliant video ! Love all your? videos on finance and the Credit Crisis. Thank you Sal
@AUSM92? I suspect ... By: Mechness. on 10 Apr 11, 20:46:43 @AUSM92? I suspect you'll find that the vast majority of that is state pension provision, not benefits. Unless you don't want a pension? Maybe pensions are just a disincentive to work until you die? Good luck with abolishing the concept of retirement!
And it very much agrees with my point that most government expenditure does not go directly to the rich, as you asserted before. You can't have it both ways.
@AUSM92 Your post ... By: Mechness. on 10 Apr 11, 20:46:42 @AUSM92 Your post is moot as you didn't understand the point I was making. Of course rich people and large organisations can make money from providing products and services to the government, just like anyone else can. The fact is though, that that is a small fraction of the economy. Therefore most people who? get rich must predominantly make their money from people below them on the income scale. Where else do you think rents and the interest in mortgage repayments goes for example?
@AUSM92 I suspect ... By: Mechness. on 10 Apr 11, 20:41:23 @AUSM92 I suspect you'll find most of that is state pension provision, not benefits. Unless you don't want a pension? Maybe pensions are just a disincentive to work until you? die? Good luck with abolishing the concept of retirement!
@AUSM92 Tax isn't ... By: Mechness. on 05 Apr 11, 16:14:30 @AUSM92 Tax isn't theft. Every civilised country has it and it's generally avoidable: stop earning money.
Welfare is a small part of public expenditure. If the welfare state in your country were dismantled entirely, you'd be barely aware of a drop in tax, but you'd notice your society descend into squalor and crime. That's what you pay for.
I don't know how you work out that the rich earn all their money? via government. Maybe look at where public expenditure goes before making assumptions?
@AUSM92 Welfare ... By: Mechness. on 01 Apr 11, 04:54:20 @AUSM92 Welfare isn't theft. It's blatantly the opposite. Rhetoric is all very well, but you need a better system to compare to before criticising. Laissez-faire capitalism and small government isn't it - you just get a taller pyramid with a tendency toward periodic collapse. Socialism sees that capitalism is flawed and attempts to address the imbalance. It's never? perfectly implemented, but it's better than the alternatives. To improve on it you'd have to fundamentally change human nature.
wow this album is ... By: matt11708. on 26 May 12, 04:11:57 wow this album is spot on? i hope the next album is this good.
Who needs ... By: XxKINGxASSASSINxX. on 28 Feb 12, 03:29:16 Who needs breakdowns when you have? 0:01 ?
THIS IS? DEATH ... By: METALEIRO180. on 28 Feb 12, 01:14:54 THIS IS? DEATH METAL!!!
how he can drums ... By: TheOzzman6666. on 25 Jan 12, 09:28:17 how he can drums like this !!!!TOTALLY AMAZING!!!!!? can't wait to see them at Montreal.
Chrisyillusion204 ... By: phattyjs. on 31 Dec 11, 14:04:24 Chrisyillusion204 your gay or poor and have? never experienced above the poverty line drumming or you like like black metal
poor? snare.. By: ChristIllusion024. on 22 Dec 11, 17:35:19 poor? snare..
strange...... but ... By: xXB03Xx. on 08 Dec 11, 01:17:10 strange...... but why??
Dude check out the ... By: XViolentOrchestraX. on 25 Nov 11, 18:12:36 Dude check out the band "Rings of Saturn" look up their bassist, he's? a fuckin animal.
2:47 to 3:07 is ... By: wehnture. on 22 Nov 11, 19:43:43 2:47 to 3:07 is some crazy ass voodoo witchcraft, you pretty much have to put? on your wizard hat and cap to conjure up a sick riff like that.. \m/\m/
Maybe you never? ... By: MeowMyMix87. on 06 Oct 11, 11:58:56 Maybe you never? haven't heard, listen to rophynol. They squeal. This song? and albums before this? They never squeal, its just the E sound his voice emits. :D
this band gets ... By: allxtar. on 27 Sep 11, 22:23:40 this band gets ripped? apart because of the stupid unfinished, amateur squeals... for god's sake train those vocals xD
anti-cover? song By: TheBreakdownGuy. on 02 Jul 11, 14:10:58 anti-cover? song
Foreseen the future ... By: videogamerselite270. on 29 May 11, 17:11:30 Foreseen the future coming dismal, regret
Selfish disposition, paybacks in order promptly
Power, control the means of commerce, dictate
Restrict those who try to flourish, unaided nihilist
Predict, choose who suffers largely, downfall
Invade, no private profits tolerable, contain dissent
Sharing the wealth with those who rule you, divine
Restraint, the sermon? lectured to you, frequent rhetoric.
Beautiful lyrics.
2:26? member of ... By: hacksawzlatgore. on 11 Apr 11, 12:01:03 2:26? member of poco loco!? :D best song on this album!
...and he brought? ... By: 20351MA. on 19 Oct 09, 15:53:00 ...and he brought? back a loooong fawty fo'.
hell? yeah. By: sayyes2bull. on 07 Oct 09, 01:08:48 hell? yeah.
He certainly made ... By: NoVARon2. on 11 Jul 09, 17:06:23 He certainly made thi song? as much as Lloyd Price's
Thats? when music ... By: tmccall44. on 11 May 09, 00:07:45 Thats? when music told a story....
Respect The Stetson ... By: youknowstone. on 21 Apr 09, 17:52:48 Respect The Stetson, It? will Respect you
Mr Oakpack - what ... By: IndependentGeorge76. on 21 Apr 09, 16:10:03 Mr Oakpack - what is it with you and stetson hats ?
you've made exactly the same comment on Ike Turner's version? of Stagger Lee.
lightning hopkins sang 'cadillac', the older guys from the 20's sang 'stetson hat'. who cares ?
blues is an evolving folk form, not one that stands still in dusty museums.
what year is? this? By: tremalow. on 26 Feb 09, 18:03:12 what year is? this?
this is the last ... By: senglord. on 22 Apr 12, 04:46:22 this is the last and most logical extension of supply side economics.
Stagflation was the end result of public works/ stimulation of demand.
Of the two, stagflation? is the lesser. In my opinion.
Gays check out? how ... By: nokkont. on 19 Apr 12, 19:26:37 Gays check out? how to become popular Russian invention
/watch?v=Y-pztzYMasA&feature=g-upl&context=G2f02875AUAAAAAAAAAA
Please? take a ... By: CarlosMendoification. on 31 Mar 12, 02:02:06 Please? take a vacation. You need it.:-D
Mr. Khan, if you ... By: TheMailprasad. on 01 Feb 12, 16:01:31 Mr. Khan, if you can make a video? on Eurozone debt crisis or at least Greek debt crisis, it will be great. Thanks
The FDIC takes care ... By: jmuench420. on 02 Jan 12, 13:33:30 The FDIC takes care of people the? bank's account holders, up to $250,000 per account.
allah is great... ... By: IowaEngineering. on 19 Jun 11, 07:30:59 allah is great...may peace be upon him. ?
There? needs to be ... By: flyingbeagles. on 05 Jun 11, 05:33:13 There? needs to be less politicians meddling in economics and more Sal!
has anyone shown ... By: ladicius. on 08 May 11, 07:42:59 has anyone shown this to obama? i'm not sure he's aware? of what's going on...
douche? By: oneyedo. on 29 Apr 11, 02:48:42 douche?
Cite? me the ... By: parklinkin52. on 14 Feb 11, 08:33:47 Cite? me the passages in the bible and koran that mention interest please
bottom line is ... By: drzakir123. on 09 Jan 11, 21:29:12 bottom line is interest[usury] is the root cause of this problem which is rightly ban in all the? major religion and very specifically in islam.i think the system is evil from its core.may god bless you
I think after this ... By: dalcde. on 06 Nov 10, 10:34:52 I think after this economic downturn, the? government should say that all non-fixed assets must be booked according to market price to let the banks know what they really have.
WHen you talk about ... By: arlenschmidt. on 15 Oct 10, 23:12:42 WHen you talk about a bank maring their assets to $500m forcing other banks to do likewise - how do you know, as an investor with limited transparency - that such a writedown would be? appropriate for the other banks? If other banks simply claim to be holding more senior tranches in the CDOs then they could argue that such arge writedowns are not aplicable to them and an investor would not be none the wiser.
Good news.. Some ... By: nalcow. on 23 Sep 10, 06:02:08 Good news.. Some politicians wants tax cuts for corporations.. to replace the money that wont be taxed.. they will ask for a 700billion loan to China or Saudi Arabia. Again.. who's these guys? work for?
Quoting Sal: " ... By: java0317. on 26 May 10, 04:52:28 Quoting Sal: "Savers are not effected if the banks go under. Their deposits are insured (and I think it is? good that they are). Also, I am talking generally about? commercial and *investment* banks (like Goldman and Morgan Stanley which, until recently, were not commercial banks and therefore did not take traditional deposits" Hope it helps.
you say let the ... By: mintoo2cool. on 22 May 10, 17:12:15 you say let the back go belly up and let the government lend to the producers of goods and services money directly. but what about the people who have money with the banks. they should not get punished right? the share holders. yeah punish them. lenders to the bank yea. punish them. but what about the people who have money with the bank? i think thats one side of the moral hazard you? did not discuss. i liked the way you explained the facts ... your opinions ... well i dont agree completely ...
The reason ... By: PickledRed. on 23 Sep 09, 13:44:55 The reason Governments are not wanting to help out Joe public directly with bailout money...
q) Where do you think the principal cash is coming from to fund the bailouts in the first instance?
a) The central bank.
q) What is a central bank?
a) A consortium of private banks.
What are the implications? It? doesn't take an above average intellect to work it out! This is not just a scam, this is a scam of the highest order, the mother of all scams....
...i luv your ... By: riotsas. on 17 Jun 09, 13:32:46 ...i luv your accent haha?
I still think ... By: ananiasacts. on 12 Apr 09, 21:38:11 I still think raising the mortgage interest tax credit would have been? a better way to artificially prop up the housing market for long enough to allow the banks to unwind their exposure without artificially depressing prices by rapidly de-leveraging the banks and grossly exacerbating the real underlying problem.
Yes that? would ... By: RvNYC. on 12 Apr 09, 21:34:47 Yes that? would work as well. The idea is to create or nurture a sound banking system untainted by toxic assets. I think Sal mentioned that possibily as well in his videos.
"hire the bankers ... By: ananiasacts. on 12 Apr 09, 21:30:42 "hire the bankers whose institutions were NOT compromised by Toxic assets" why not just put the equity the government wants to create directly in? those institutions?
MBS issued by SPV's ... By: RvNYC. on 12 Apr 09, 20:50:00 MBS issued by SPV's I get this. The SPV collects the? payments and pays these out as dividends to the Securities holder.
Who holds the mortages. Are there say 1000 separate mortages locked away in a vault somewhere? Are the riskier tranches based directly on the risker subset of mortages in a larger pool?
Same way a private ... By: RvNYC. on 12 Apr 09, 20:29:48 Same way a private bank does. In fact, a smart politician would hire the bankers whose institutions were NOT compromised by Toxic? assets. The idea is that the goverment provide the cash to an found a new entity whose banking business is based on traditional banking standards. How it is used or misused will depend on us. We must be always be vigilant as the founding fathers warned. Actually I like what, Nicolas Taleb Nassim suggests. Create a two tier system, Banking and Risk taking entities.
But how does the ... By: ananiasacts. on 12 Apr 09, 19:27:41 But how does the government run a bank? Wouldn't it most? likely be used for political purposes?
I am not an ... By: checoavalos. on 02 Apr 09, 07:33:58 I am not an economist and I do not understand the financial world very well,? but about the rescue fund; it ignores the international trade. Now, this has spread to all countries. This is reducing the interantional trade. if you give money to the real world business, but there is not market(not exports) , it is bankruptcy for the small business owners, or a very slow growth. Thats my opinion.
But again, Sal, you are the most brillian person,
Thank you for the videos
![Snow-Wight and the Stripper - Episode 11 - \"Mistaken Identity\"](http://i.ytimg.com/vi/45q0d9dPrsw/2.jpg "Snow-Wight and the Stripper - Episode 11 - \\"Mistaken Identity\\"")
![Banking 2: A bank\](http://i.ytimg.com/vi/h3lMANILkw0/2.jpg "Banking 2: A bank\")
Latest comments made on this video:
By: 2wheels88. on 29 Mar 12, 00:24:30
The best plan I've seen is the LaRouche plan(Lpac tv),it's a? 3 part plan, first part being Glass steagle act worldwide and of course throw out the City of London run British monetarist system that owns the Federal Reserve,which of course is a Private Bank not federal at all and owned by the globalist Banksters out of The city of London(not London City).The best System I've seen is to get rid of banks all together and replace them with MPE Mathematically Perfected Economy.Created by a genius.
By: bjmorris64. on 06 Jun 11, 00:11:42
You could have saved a whole bunch of time and edited all of the videos down to the 20 seconds of the last? one. BTW. I really enjoy your take on things. Even those I don't agree with because I think your main objective is an honest and open society. Thank you.
By: paulceltics. on 07 May 11, 17:39:43
thanks?
By: sleepyhead7391. on 14 Apr 11, 03:23:24
"in the last couple of videos, i've been dumping on the? geithner plan"
By: littlebluemagic. on 15 Mar 11, 05:42:58
This sorts of begs the question, what if the transparency really shows that that the banks really should fail. Is? there a way to minimize the impact of all these large banks going bankrupt at once?
By: yaimavol. on 27 Oct 10, 01:44:33
Here's what is missing in your calculation: fractional reserve derivatives. In other words, they took a mortgage worth 300K and sliced it into derivatives worth $ 1 million. ? This is the next shoe to drop. Pension funds have demanded more information about the derivatives they are holding, and banks either can't or won't tell them. This is the biggest financial fraud in history, and it is moving into it's 2nd phase of destruction.
By: asbytec. on 07 Aug 10, 11:31:25
I actually like the Lone Star deal for a couple of reasons. First, it removed a distressed asset from the balance sheet and parked it in an affiliate of Lone Star. Second, The distressed asset was replaced by a loan asset of higher value on the original bank's books. Lastly, it left the government out? of the mess to facilitate such deals with interest rates. This is free market capitalism fixing itself.
By: matt92649. on 23 Jul 10, 09:35:11
Would you please make a video explains the Paulson plan that bailed out AIG 100 cent for? the dollar by taxpayers money including all the toxic assets they have. Thank you.
By: upliftspirits. on 10 Jan 10, 23:38:02
Until the thieves go to prison for stealing from the baby boomers; nothing will ever? change. Until Congress pass laws against stealing no banker ceo will ever go to prison.
By: caffeinephreak. on 14 Dec 09, 10:22:43
The? toxic asset website is a nice idea but big software projects are notoriously over-budget and fail to get completed.
By: mallikai2009. on 05 Jul 09, 00:47:45
Sal, You are over simplifying the process of adding transparency to these complex securities. Why would a bank open its books to the govt. and provide essential information to add more transparency? Secondly, who the govt. can employ to do the meticulous job of auditing the assets and verifying the facts? What is the incentive for the auditor or the bank to embark on this? plan? The insolvent banks should go bankrupt or nationalized.
By: emilianopickett. on 11 Apr 09, 01:13:37
Please address the politics behind Geitner, the bank and hedge fund owners!!?
By: Lukeeeeo. on 04 Apr 09, 16:41:24
gr8 videos - please keep them coming sal!!!! i saw youon cn? too, you were gr8
By: elieone. on 01 Apr 09, 20:49:51
thank? you so much
By: hipbas. on 31 Mar 09, 23:32:43
To charliebrown1000, The whole problem is the systemic failure of the derivatives market and these fraudulant casino type financial instruments. As Warren Buffet called them, "Instruments of Mass Destruction". They need to be written-off and eliminated, not re-created. We need transparency and regulatory oversight . We need to repeal things like the Commodity Futures Modernization? Act of 2000 that took away Government oversight and re-introduce a broader version of the Glass-Steagall Act .
By: charlybrown1000. on 31 Mar 09, 21:59:40
sal, I think that your idea would work if there were an opportunity for? the assets to rise (fron whatever the price starts from). And they would rise depending on the Real state (real) demand and price. But the problem is that RS prices wont grow because the mess have to end. And the mes wont get in orther till the prices of the (real) real State rise. I think that a solution would be to create a whole new CDO market (not toxic) in the rest of the world that would help to give a fair price.
By: hipbas. on 31 Mar 09, 11:02:00
The sad truth is that the people involved within the Treasury Department concocting these fraudulent schemes(Geithner, Summers, Volcker etc) know exactly what their doing, these are not incompetent people.Their corporate past represents total conflict of interest with their current positions. They are loyalists to the financial oligarchs. Unfortunately they do not serve the interests of the people and will leave them on the hook for trillions of dollars? and for generations to come.
By: dubbleplusgood. on 31 Mar 09, 10:40:15
@anolmec, you make want to look into what legacy assets are. Toxic assets was renamed to Legacy assets to make them? sound better. @sal, you need to go back on Rachel Maddow with this video and get this Geithner plan stopped. Excellent series, thank you.
By: ampelmaennchen72. on 31 Mar 09, 09:06:11
Hi Khan, as? always, a great video but.... ...don't you thing that the problem with letting these major banks go bankrupt (like they should) it would trigger an avalanche of CDS's which would totally bankrupt the whole financial system? 700 billion won't be able to cover that, because it's estimated that the CDS sector has become a multi-TRILLION Dollar industry.
By: wmacorlando. on 31 Mar 09, 03:48:51
"The reality is? that if these banks are bankrupt, then let them go bankrupt" I LOVE IT!
By: anolmec. on 31 Mar 09, 02:17:28
khan...your plan? considers toxic assets and how to rewrite the books in order to make the bank solvent. We are now hearing about legacy assets, which one might suspect to be loans used to build the plethora of empty strip malls, home depots, Lowes, etc. scattered about the place. In a slowing economy these legacy assets may (will)go toxic as well. So in your future presentations you may want to graphically depict the banks as a hole rather than a box. Actually a black hole would be best.
By: draggeddownthehole. on 30 Mar 09, 23:28:30
But the government seems to prefer writing blank checks to the banks than exposing their lies and doing what's good good? for the country.
By: collegeboy477. on 30 Mar 09, 21:33:36
They are not going? to do this because it makes too much sense
By: ampelmaennchen72. on 30 Mar 09, 21:22:44
Yup, you've summed it up very nicely! They (= bankers? and politicians) don't want transparency AND they would rather have the taxpayers pay for all the mess they have created AND try to make a few bucks if (!) the whole thing rebounds. Of course it won't rebound (just as those MBS's and CDO's weren't a good investment in the first place), or at least not for the next 10-15 years, but hey, that mess is for future generations to sort out. :(
By: anolmec. on 30 Mar 09, 21:02:42
I am begining to think the reason the toxic assets are so opaque is that for the most part they are worth 0. How would one ever calculate the vaulue of a synthetic CDO? Geitner should be replace by Maddoff.....at least Madoff KNOWS how to run a ponzi. How many years did Bernie run? an insolvent investment firm,,,,free bernie madoff Your solution is brilliant. If implemented it would prove what you said at the very begining of this debacle... SINCE DAY ONE FUND NEW BANKS