learning only too late that something was wrong.

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

Savings bonds.

They're savings bonds.

So a security in the equity world is a stock.

Oh, no.

I'm an investigating accountant for the S.E.C.

We're from the Securities and Exchange Commission.

Andrew,you'll analyze the SEC filings.

Since when does the sec investigate car accidents?

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.

What have you found? Moore was one of five sec commissioners appointed.

He registers this organization right over here with the US SEC

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.

This guy worked for the S.E.C. who tried to take down Frobisher.

This guy worked for the sec for 20 years. He was a lead investigator who tried to take down frobisher.

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

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

In Washington, did you meet Harry Macdonald, head of S.E.C.? Not yet.

All that means is that both of their shares are traded on exchanges

Yeah, the paralegals have finished annotating the sec memos. I'd like you to review them and report to Tom.

Yeah, I need everything from the beginning of the sec investigation. Not just the trial.

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.

It's a security.

For several months, he has been under investigation by the Securities and Exchange Commission.

Were you aware that your company was being investigated by the sec at the time?

And we said there's different kinds of debt.

I, uh, I know someone at the SEC

I just got off the phone with our liaison at the s.e.c.turns out jim gulbrand

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?

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And this one that was in Kenya, they went around and distributed to people vouchers, discount vouchers.

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

Is that what got you into trouble with the s.e.c.?

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.