Savings bonds.

They're savings bonds.

And if buying debt seems like a weird thing to say, buying debt is the same thing as lending money (lending money).

So a security in the equity world is a stock.

So it's going to be 6,000 times 1,000 bond certificates.

You can't get it on Yahoo!

We would create incentives for securitization.

It can do it through debt or equity.

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

There's very little chance of them defaulting on their loans.

And we said there's different kinds of debt.

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

But kind of the one that people always talk about, I guess in the same phrase, is bonds.

But then there's a very fundamental difference in what the holder of the bond is doing.

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

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.

bishop?

And we came up with this idea of issuing bonds, press freedom bonds.

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

I have a whole video on mortgage backed securities.

And the environment might be things like the stock market or the bond market or the commodities market.

So what you do is you have, let's say, the 6 million.

A common way to finance a budget deficit is to issue bonds.

Let me draw these bonds, these polar bonds that start forming between the particles.

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

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

So it's essentially this is an IOU from Company XYZ.

There is a price.

Put the thing up. Put the gate back up.

Get your seatbelt on.

Zip up your fly.

I feel secure when I invest in stocks but not bonds.

And what is a bond?

Tighten.

And we learned that debt securities are often called bonds.

Once you have all of that put together, there's not one reason why you couldn't actually have a marketplace for all of that, where you cannot dispose of all of those bonds in a pretty quick way.

Give me the seat belts.

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

Currency and bond markets are relatively calm.

The doglegged clincher there.

Now let's say that Company x has also borrowed some money.

And then two weeks later, Iqbal Quadir can issue his electricity in Bangladesh bonds.

Take your time. Do your buckles. All right, tighten that.

Please make sure your seatbelts are securely fastened.

We gotta buckle up. Let's go.