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Leverage.

Central Europe, unsecured.

And you end up with a mortgage backed security.

Was it a correct decision?

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.

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

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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 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.

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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.

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.

They feed me info.

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

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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.

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He's so on board!

Currently maintained by Alexander. Neundorf Alexander. Neundorf. mail

I've just lost my job.

The welcome you gave me was surly,

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