A boat broker?

I'm a broker.

So what I do is I go to the broker, and I say broker, can

You pay 6 to a broker.

Anyway, so I go to the broker and I say broker, I would like to short IBM.

I apologize to if you are broker.

So once again I go to my broker and I say broker, I want to borrow a share of IBM.

And they keep their shares of IBM with the broker.

The real estate broker was lavish in his spending in Ginza.

IBM who happened to be keeping the share with the broker.

And you might say well, where's the broker getting it from?

Both my nine and seven year olds have a stock broker already.

So Bear Stearns essentially just gets a fee, like the mortgage broker.

And the broker really owes it to one of the shareholders of

OK, so this broker has a ton of clients, many of whom own IBM.

And the broker says OK, well I've got all these share sitting around here.

So this is my brokerage, this is my broker, and this is me right here.

So the broker always has let's say each of these is a share of IBM.

And then he can pay that share back to the broker and cancel out his position.

They walk up with me. Every year all the money in the bank goes to their broker.

local bank for a loan this is me again I would go to my local mortgage broker.

And the broker can never, well it should never, really, lend out all of the shares here.

The United Nations even has an agency which could broker these compacts it's called the Peace Building Commission.

And in return for that, that Countrywide mortgage broker will just get a fixed fee for doing that transaction.

And he owes this is his asset, and his liabilities is he owes one share of IBM to the broker.

And oh yeah, these guys take their fee as they broker this multi trillion dollar carbon racket, I mean market.

But he's a literary agent, which means he's a broker of dreams in a world where most dreams don't come true.

But if you dig some more, fishmonger means a broker of some type, and in this setting, would mean like a pimp,

So what the broker does is, he takes this share, gives it to him, and now I have officially borrowed this guy's share.

IBM, the broker would go out there, sell it in the market, or maybe this guy would sell it, depending on how it's done.

And then this line, line 54, that tells you what the net cash is if you sell your house at a market price, you pay the broker.

So I have to make it look, or at least the broker is going to force me to make it look like this guy still owns the share.

Stock brokers you might say, oh you know, a stock broker can advise you to go long or short and they just care about how many transactions you make.

If this guy wants to sell his stock the second after I borrow it, the broker is just going to take he's just going to shuffle around the stocks a little bit.

Now normally when you get a loan like this, your mortgage broker or your banker will look into some type of chart or type in the numbers into some type of computer program.

But the general idea is, you borrow one of these shares out here, and then the broker can kind of keep shuffling around these shares, if any of these guys really want to get rid of their share.

And when I say buy a mortgage it means the home owners who borrow the money instead of the money going to the mortgage broker whom the home owner think they got the loan from the servicer who they think they are paying the check to.

They borrowed it from their local mortgage broker, who then sold it to a bank, or to an investment bank, who created the special purpose entity, and then they IPO the special purpose entity and raise the money from people who bought the mortgage backed securities.