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I have a whole video on mortgage backed securities.

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

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

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Central Europe, unsecured.

And you end up with a mortgage backed security.

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

Was it a correct decision?

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.

We would create incentives for securitization.

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

And think about it, AlG didn't have to do anything.

And then when we go and get the property because the

So this is a form of a collateralized debt obligation.

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.

The fort is finished forfeit is the pledge

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

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

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

Currently maintained by Alexander. Neundorf Alexander. Neundorf. mail

I've just lost my job.

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

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

You group them all together.

We'll borrow some money on the house.

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

I know that, Marv, but you have no equity.

They got electricity in their homes, they increased education and they got primary health care.

But anyway, this isn't the crux of it either.

And that's why they are called derivative instruments.

They are one of the first people to get their money.

And I'll be willing to give this as collateral.

Which is why we'll be coordinating with V security.

They feed me info.

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

Now, Georgie, like it or not, is acceptable collateral.

Director Galloway, our national security advisor

And the bank thinks it got a great deal.

But we have to start with the basics.

Some of them are going to pay ahead of time.

What the Fed was doing was, they were saying, OK, we'll take some of these assets that Bank C has.