And then year 10, I pay the 100,000 plus I pay back the 1 million.

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

But the important thing to realize is that these payments

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

So what they do is out of this 10 , they pay them some of the basis points.

So the way to think about a bank account is, well how much do I pay for that bank account?

We will make the payment by bank transfer.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

So actually, let me do that.

Let me do that in red.

Well, let's say you want to compound let's say you want to pay every day.

The boss controls his men at will.

That will now compound over the next month.

I'd like to pay the check, please.

I probably wouldn't have noticed if you hadn't pointed it out.

And if he were to sell his house for 480,000 and the bank were to agree that 480,000 is all he has to pay back, then that would be a short sale.

I'll pay with travelers' checks.

1 of 1 million is another 10,000 a year in property taxes.

It seemed to fascinate him.

Because after you've paid your final payment, you're done paying off the house.

You're not buying the stock from that company.

So on day zero, you have a 200,000 loan.

You're left with 500,000 of pre tax income.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

OK, so they're going to pass each other someplace in between A and B.

Now, in single sided markets the customer is the user and the payer.

I'm gonna go left, you're gonna go right, you understand me?

But in the old model, the bank would keep these payments itself.

You don't pay any mortgage payments.

And when the 1 billion came from that local bank, all the payments, the interest payments, went to the bank.

That will compound for one month.

You cater an event where the cost to you was 200

And as you see, as months go by, when you pay the mortgage note and I show that right here, this mortgage payment.

On the contrary, passengers themselves must pay.

When you use the Google search bar you're one side of a multi sided market.

I'd like to pay with my credit card instead.

You're going to pay it over 30 years, or you could say that's 360 months.

So to live in this house, how much am I paying just in interest?

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

Everything is risk free.

If I buy, if I directly buy a bond from a U.S. corporation, I'm essentially lending that money to the corporation.

So we've collectively borrowed 1 billion from the bank.

They'll get the debtor in possession financing so that the company has some cash to operate, pay the bills, and pay the employees and whatever else.

Please use an alternative method of payment.