And you end up with a mortgage backed security.

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

I think it's a distraction.

Real estate.

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

Now to finish the job you began! It was a pleasure meeting you, but we don't want you here.

This real estate guy.

I have a whole video on mortgage backed securities.

So this is a form of a collateralized debt obligation.

But we have to start with the basics.

Some of them are going to pay ahead of time.

Do pay?

Hey, it's a pleasure. Good to meet you.

Coldwell Banker, I'm a real estate agent! Please, don't hurt me.

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

I make are to the bank.

And that's why they are called derivative instruments.

Charlie the barber.

Somebody solvent?

I develop real estate.

And the cash flow will come back to it.

You group them all together.

Mortgage backed security.

Insurance.

No. Oil and real estate.

You'd have to sell that loan to someone else.

The other type of policies is whole life and whole life is the motivation for whole life policies.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

She is an estate agent.

Mmhm. It's a real estate investment.

So there's no way for him to invest in this security and to get better returns.

So let's make some very simple assumptions for ourselves.

And this guy's an investment bank instead of a commercial bank.

Who you with, the water department or the real estate office?

Her old man... eh Strode Realty?

I'm meeting with our realtor.

Real estate, that's not your thing.

The real estate market's booming in Rio.

Your real estate agent, when is she supposed to come back?

The Arizona Ranchman. We got real estate. We got...

Do you sell insurance?