We would create incentives for securitization.

I have 4 billion in residential CDOs, collateralized debt obligations.

Central Europe, unsecured.

I have a whole video on mortgage backed securities.

My next presentation, I'm going to take it to a further

So that's what we're going to show you in the presentation on collateralized debt obligations.

And because it's a junkier rating, no one is going to want to buy it.

So just in kind of our everyday personal finance world, your mortgage is actually secured debt.

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.

Leverage.

They feed me info.

Of course, if enough people start defaulting, even these people start to get hurt.

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

And the bank thinks it got a great deal.

And you end up with a mortgage backed security.

levels of seniority.

Was it a correct decision?

These are the assets that our five buddies have together.

I said, who gets the money?

Right?

So these shares each of these one million shares this is a mortgage backed security.

So this one might be called senior secured debt.

We'll borrow some money on the house.

We'll use the house as collateral so we can borrow some money.

I think it's a distraction.

I'm not so sure you want the maintenance and safety department. The fire department might be a better bet.

It all comes out of the equity tranche.

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

Is sent over by the Coast Guard In charge of the food here

What we are going to do is go buy things like highly rated mortgage backed securities, or things like commercial paper, AAA corporate debt, so that those things, the interest on those things goes down.

Hold Indefinitely

Director Galloway, our national security advisor

We hold the bond on Jessup Dolly, and now he's a runner, it looks like.

And then this is the thing that I really wanted to highlight, that it also had 4 billion of residential collateralized debt obligations.

An unsecured Loan to Coleman s town manager on a check dated one week before the new auditorium contract was even awarded.

The personal debt to income ratio basically went from 65 percent to 135 percent in the span of about 15 years.

Let's meet the family.

Look at this

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I've just lost my job.

The welcome you gave me was surly,

Interest expense.

And, you know, Iceland, it was never going to cut it.

Or they might even start to buy things that aren't Treasuries.

That's how loans worked before the mortgage backed security industry really got developed.