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.

We would create incentives for securitization.

You can't get it on Yahoo!

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

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

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

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.

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

And we said there's different kinds of debt.

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.

I have a whole video on mortgage backed securities.

And what is a bond?

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

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

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

bishop?

There is a price.

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

And we learned that debt securities are often called bonds.

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.

And this pension fund had the same problem.

Finance, you type in the ticker symbol and you get the price for that day.

Currency and bond markets are relatively calm.

Once you have all of that put together, there's not one reason why you couldn't actually have a marketplace for all of that, where you cannot dispose of all of those bonds in a pretty quick way.

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.

A common way to finance a budget deficit is to issue bonds.

Let me draw these bonds, these polar bonds that start forming between the particles.

Of course, if enough people start defaulting, even these people start to get hurt.

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

You would get 100 million.

This guy is doing the same thing.

And it could be divided into you could divide this into 6,000 bond certificates.

And I kind of jumped the gun a little bit.

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

It might have been structured so that Corporation A right here, before even issuing the bonds, they include this insurance with the bond.

Put all of those bonds at one place and they sit down and click.

And that's what these are.

They might have issued maybe they issued a million bonds where each of those essentially represent a debt of 80.