Leverage.

Central Europe, unsecured.

And you end up with a mortgage backed security.

Was it a correct decision?

I think it's a distraction.

I have a whole video on mortgage backed securities.

We would create incentives for securitization.

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

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

They feed me info.

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.

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

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

We'll borrow some money on the house.

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

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

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

He wants your wife as leverage.

But we have to start with the basics.

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

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

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

It forecloses on the property.

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

Director Galloway, our national security advisor

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

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

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

Currently maintained by Alexander. Neundorf Alexander. Neundorf. mail

I've just lost my job.

The welcome you gave me was surly,

And that's why they are called derivative instruments.

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

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

And then when we go and get the property because the

Maybe the Fed would be willing to take this as collateral.

And the cash flow will come back to it.

So one situation is they could get a loan from someone.

So this is a form of a collateralized debt obligation.

Some of them are going to pay ahead of time.

And the bank thinks it got a great deal.

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

It's a backup system for all the seed banks. Storage is free.

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

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