And just so you know, a prime brokerage account is just like a brokerage account, but it's a brokerage account for big guys.

That's all a prime brokerage is.

Something about phony securities.

They're fairly liquid securities.

Is she still at that brokerage firm?

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.

So I'll give it back to my brokerage.

I'm gonna stop by a brokerage firm after work.

So in exchange it gets treasury securities.

And equity securities you're probably familiar with.

We're from the Securities and Exchange Commission.

Or he expects 5.00 to be deposited in his brokerage account.

Boss, we went through Scott Rowe's bank statements and brokerage accounts.

LynchHalstead were her brokerage firm for a while. Just a coincidence.

Welcome to my presentation on mortgage backed securities.

I have a whole video on mortgage backed securities.

And they rate these assets, these mortgage backed securities.

Social securities are not something that should be trifled with.

And we learned that debt securities are often called bonds.

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

So AAA would be like the highest rated securities, right?

And so money came from when the owners of each of these mortgage backed securities each, let's say, paid 1,000 for the mortgage backed securities.

You call them stock, or stock options, derivatives, mortgage backed securities.

And we're also joined by Brent Lawson from Lawson Frisk Securities.

Welcome back to my series of presentations on mortgage backed securities.

It's a brokerage account for people managing 100 million and not their E Trade account.

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

Sekiguchi is in a movie distribution company, and Saki is in a international brokerage firm.

They will give this money to the market, and in exchange they will usually buy treasury securities, sometimes something slightly different, but usually very safe securities.

I have to only invest in the safest of safest of securities.

And these shares would be called Mortgage Backed Securities. or sometimes MBSes.

Well it comes from the investors in the actual mortgage backed securities.

And if you weren't that guy you couldn't even apply the six months' training to another brokerage.

And maybe it also does some longer term treasury securities, or whatever else.

Word is that davis' fund has taken some big hits on mortgagebacked securities.

And they way they get this into circulation is that they'll take these four dollars and they'll go buy securities in the open market, normally very safe and very liquid securities

And the way I do that is I go to my brokerage so let me draw some diagrams.

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

Liquid means it's very easy to buy and sell those securities in large quantities.

For several months, he has been under investigation by the Securities and Exchange Commission.

No.The company he founded, gaia matrix, was under investigation by the s.e.c.for securities violations.

And then this syndicate of banks, led by the lead underwriter, will then sell it to their brokerage clients.

This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

You know what equity securities are, and just so you know, what is a security?