Leverage.

Rem...

Central Europe, unsecured.

And you end up with a mortgage backed security.

For example, Lem Sen, who introduced chop suey,

Was it a correct decision?

I have a whole video on mortgage backed securities.

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.

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

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.

Director Galloway, our national security advisor

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.

We need to reconnect before we pull her out.

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

But we have to start with the basics.

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

He wants your wife as leverage.

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

And the bank thinks it got a great deal.

It forecloses on the property.

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.

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

And the cash flow will come back to it.

Currently maintained by Alexander. Neundorf Alexander. Neundorf. mail

I've just lost my job.

The welcome you gave me was surly,

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

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

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

And this is, of course, as you can see, the awake is the orange.

Two weeks in the future, and then I'm going to sign the check and I'll write it's for a payday loan and I'll write 625 etc. etc., then I have my little information here.

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

The only situation where I would foreclose is if the market price of the house goes less than my loan.

So this is a form of a collateralized debt obligation.

Some of them are going to pay ahead of time.