The public-private partnership
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All Comments (15)
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Nice work! No doubt I am in this profession.
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Great videos! I can be a banker now!
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Paddy, I never understood this stuff until now. 6m22s later I have gained a great understanding by your incredible way to distill and simplify complex information down into basic understandable terms for the common person who wants just enough information and understanding to know what is going on in scary times we are in. Once again thank you very much.
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a drink anyone?
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in other words if assets value keep decreasing the bust we've seen last year is nothing compared to what is coming.
That's a really risky bet.
In a certain sense it eschews the japanese scenario with moderate persistent deflation. In fact, in case of little deflation the mechanism transforms it in a massive 29 nightmare bust automatically.
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Thanks paddy! Your the bomb.
Paddy Hirsch u r excellent man!!! u beat WIKIPEDIA any day in terms of explaining! Ur simple explanations have impressed me..awesome man..cheers...
DUBAIDREAMZ6 2 years ago 3
He fails to explain the obvious fraud in PPIP scheme. The H2 worth 5K in the case of mortgages really is only worth the 5K, or a little more. After the FASB accounting changes, worth even a little more.
In his example, you can clearly see how hedge funds from bank GS, buy $10B worth of crap for $2B, plus $8B from the gov. GS walks away with $10B cash for $5B of sinking mortgages. Then GS buddies at the hedge fund charge the portfolio of bad mortgages a %fee for managing the assets. IT'S FRAUD!
BurnOutXL 2 years ago