We need firms. The firms have gone away.

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.

Really innovative firms know this well.

Try firms that worked on the OS.

There are many commercial firms in New York.

So in exchange it gets treasury securities.

And equity securities you're probably familiar with.

We're from the Securities and Exchange Commission.

You know, we hire firms to design these things.

Welcome to my presentation on mortgage backed securities.

This seminar will target senior marketing leaders from Japanese firms.

The large firms in the industry call all the shots.

There are great law firms who can give you tutorials.

So we need to encourage the growth of local firms.

I have a whole video on mortgage backed securities.

And they rate these assets, these mortgage backed securities.

The two leading firms are actually in cahoots with each other.

Many firms are competing for the wealthier segment of the market.

What we want is a partnership with the Italian design firms.

It could also be novel ways of organizing firms and industries.

I have some feelers out to the other firms right now.

Two more companies... both software firms tied to the OS development.

One of the top 10 private equity firms in the world.

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.

City firms vied with each other to hire the brightest young staff.

In South Korea and Indonesia, women own nearly half a million firms.

I mean, it's leading firms many of them are still publicly owned.

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.

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.

Unlike big firms, Patty believes in a team approach, that kind of thing.

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.

The government will provide interest free loans to firms that participate in the program.

Microeconomics .. and those actors could be firms, could be people, it could be households.

I walked away from a job with one of the top firms in D.C.,