And what is a bond?

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

Savings bonds.

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

They're savings bonds.

So a security in the equity world is a stock.

Well, it entitles me to 1 100 of what this corporation gets.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

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

They'd start with your bonds preferred stock, and then move on to real estate.

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

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.

Most of it deposited over the last year.

He's a stockbroker.

I'm buying a treasury bond, means I'm implicitly lending that money, if I buy the bond directly from the government, that means I'm lending that money to the U.S. government.

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

It is a customary contraction like our

'Company.' It is a customary contraction like our

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

So what we're going to do is we're going to insure this bond.

goodness.

Well everyone knows that it's not going to be exactly 10 .

SCOTT Inc.'s stocks are blue chip stocks.

It could split the Special Purpose Entity into a million or ten million shares and then sell those shares to investors.

Stockbroker.

Stockbroker?

like you remove things from money?

So, each of these is an investor.

For a total of 5 billion.

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

When you normally buy a stock on an exchange, as the New York Stock Exchange, you're just buying the stock from somebody else.

And we said there's different kinds of debt.

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

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

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.

And you?

I have a whole video on mortgage backed securities.

It's actually horrible.

But it's really a measure of the same thing.

liquidate it.