And we learned that debt securities are often called bonds.

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

Convertible Marks

The 400 million senior tranche we raised from 1000 senior securities, collateralized debt obligations.

Cuban Convertible Peso

Look, a convertible!

Bosnia and Herzegovina Convertible Mark

It was a Mercedes convertible.

Something about phony securities.

They're fairly liquid securities.

Those are essentially derivative securities that are derived from mortgage backed securities.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

My new Alfa Romeo convertible is light red.

You might just want to watch the video on mortgage backed securities and collateralized debt obligations if you need a refresher there.

And this non traditional type of intervention, where the Fed is no longer concerned about a target rate, because the target rate is already at zero, where the Fed is not purchasing short term debt, but is trying to buy longer term debt, things further down the yield curve, and maybe things that aren't Treasury securities to begin with, maybe they're starting to buy corporate debt, maybe they're starting to buy mortgage backed securities, this is called quantitative easing quantitative easing.

I'd like to drive across the USA in a convertible.

I'd like to drive across the USA in a convertible.

What debt?

So in exchange it gets treasury securities.

And equity securities you're probably familiar with.

We're from the Securities and Exchange Commission.

I'd like to drive across the USA in a convertible car.

If Dan were a brand, he might be a classic convertible

We strike debt!

But this is debt. 80 million of debt right here.

Welcome to my presentation on mortgage backed securities.

But you should watch the videos on mortgage backed securities and collateralized debt obligations, if you want to get a better understanding of exactly how the money flows go.

And even within the debt, you'll have different layers of debt.

I have a whole video on mortgage backed securities.

And they rate these assets, these mortgage backed securities.

'We are debt loaded

He ran into debt.

He guaranteed my debt.

Well, what about debt?

This is the debt.

We have the debt.

Now debt is interesting.

He had no debt.

I had some debt.

Our debt kept growing.

I've paid my debt.

And it's called debt.

You can issue debt.

It's the debt holders.

Thus the national debt.