Leverage.

Central Europe, unsecured.

I'd like to be reassigned.

And you end up with a mortgage backed security.

We would create incentives for securitization.

Was it a correct decision?

I have a whole video on mortgage backed securities.

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

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.

They feed me info.

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

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.

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.

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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The welcome you gave me was surly,

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

That's why I'm doing term life policy.

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

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

He wants your wife as leverage.

This is the power of darkness...

And the bank thinks it got a great deal.

Some of them are going to pay ahead of time.

I've just lost my job.

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

I make are to the bank.

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

And then when we go and get the property because the

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

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

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

an ultraconservative Christian secret society.

Mortgage backed security.

But based on the model that we just constructed, I think the real return we're going to get on this mortgage backed security is 9 .

So this is a form of a collateralized debt obligation.