Savings bonds.

They're savings bonds.

So a security in the equity world is a stock.

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

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.

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

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

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

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

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.

So you know these these are loans to really solvent or very creditworthy companies.

And I kind of jumped the gun a little bit.

Now let's say that Company x has also borrowed some money.

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

And because it's a junkier rating, no one is going to want to buy it.

This is the equity...

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

But this I just want to show you some data here.

And we said there's different kinds of debt.

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

bishop?

I have a whole video on mortgage backed securities.

So first, a little bit of definitions.

And what is a bond?

So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

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

So what you do is you have, let's say, the 6 million.

Currency and bond markets are relatively calm.

So it's essentially this is an IOU from Company XYZ.

There is a price.

Let's say that it has, I don't know, 1 billion 1 billion in government bonds,

And in the meantime, it's going to pay me interest.

And its face value, and sometimes they'll call it the par value, or the stated value.

And then two weeks later, Iqbal Quadir can issue his electricity in Bangladesh bonds.

And we learned that debt securities are often called bonds.

And then we have the debt, the debt of the company, or the

Let's think about its liabilities.

Interest expense.

And let's visualize what a bond certificate could look like.