Dana El-Kurd

It does a loopy loop.

But the moment you create one of these, the moment you create one of these security mortgages, right?

That's a shadow bank.

You've created a shadow bank.

Right, because that's not real banking.

That's shadow banking.

Yep.

Because you're creating another entity that is not a bank that's doing the banking stuff.

No, no, no, no, no.

Oh, they're all in on it.

This is another thing that cost 2008 because a bunch of what was happening here was... Why isn't that a crime?

Because our country is run by the bourgeoisie, Molly.

That's why it's not a crime.

You're just telling me this for the first time.

Yeah, it's bad.

So what happened in 2008, one of the things that happened, right, is so all of these regulators are supposed to be looking at the balance sheets of these companies.

Yeah, they were hiding these things in these like special purpose vehicles, like in these like shadow banks.

They didn't open the trunks on the special purpose vehicles.

Yeah, so no one could see the fucking dead bodies in the trunks of the vehicles because they weren't on the balance sheet that like the government had access to.

I'm fucking, I don't know.