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I think many watching the amounts proposed by TARP, realized that you could bypass the existing system altogether. More importantly, have a source of debtor in possession financing for the many large bankruptcies.
So the solution was already at hand. Create a GSE to augment the flow of credit, and provide funding for financial bankruptcies. Simple. Wipe out the bad debt and not pay for it. Provide a means to allow the banks to continue operations while reorganizing in chapter 11.
Sal and others like him are great in their works because they help others do something almost unfathomable, to take control. So much of ours lives are out of our hands, with education, formal or not, we have the opportunity to sway our fates. To Sal, and ALL those like him, thank you for EMPOWERING the PEOPLE.
No disrespect to Sal, but Nikola Tesla essentially created our entire AC distribution system, transformers, motors and generators. His ability to visualize magnetic fields in induction of rotor currents, especially for three phase machines, is absolute genius. His inventions effect everyones life every day in our modern use of energy.
In improving our standard of living, few if any contributed more than Tesla.
That is just a myopic standard for Genius. Genius comes in many facets, not just someone who was good at math, or inventions. The genius of an artist who uses a pastel to paint something beautiful can corralled the genius of Nikola. The succinct, cogent, and concise beauty in the way Sal can simplify complexity to a layman is a FORM of GENIUS. It may not be the same format/genius of Nikola or Bucky, but its still a form of Genius, nonetheless.
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Sorry that cracked me up. Isn't it arabic?
Awesome job sal <3 You make me so happy sometimes. Nice to see someone talking about something they understand instead of otherwise.
Anyway, I enjoyed this. And I love how you incorporated those cute drawings too. very nice.
I don't have anything constructive to say so I'm going to shut up now. Great video :]
So the solution was already at hand. Create a GSE to augment the flow of credit, and provide funding for financial bankruptcies. Simple. Wipe out the bad debt and not pay for it. Provide a means to allow the banks to continue operations while reorganizing in chapter 11.
In improving our standard of living, few if any contributed more than Tesla.
Sal can teach the world Tesla helped create.
Good Day.