I just took the total NAV and I divided it by the shares.

And all of these guys benefit when stock markets go up.

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

But what it does is, it limits the interactions.

And tons of people will buy it, especially hedge funds, and pension funds, and mutual funds, and bond investors.

The only people who are customers of the financial press are money managers, financial planners, and things

Savings bonds.

They're savings bonds.

Or I guess you can say that the share structure is locked from the beginning

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

So a security in the equity world is a stock.

So people who want to manage your wealth, stock brokers, mutual fund companies, anyone who can advertise.

Then came MlT, Bill Clinton handed him his diploma

There might be a whole other class of investors here, say this guy.

These funds are to philanthropy what venture capital, private equity, and eventually mutual funds are to investing, but with a twist because often a community forms around these funds, as it has at Acumen and other places.

I'll give you one very dramatic example of this a study that was done of investments in voluntary retirement plans.

But in the same time, those new shares could be traded on an open market and that combination or you can kind of view it as the combination of the due actually exist and they're called Exchange Traded Funds.

And what we looked at was whether the number of fund offerings available in a retirement savings plan, the 401(k) plan, does that affect people's likelihood to save more for tomorrow.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

These actually do exchange trade hand on the stock exchanges, but these aren't officially ETF.

You really want to get the decision right if it's for all eternity, right?

A buy side analyst is someone who works for a hedge fund or works for Fidelity at a mutual fund.

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

That assets, A for assets, is equal to

Even the worst boy in your school is the super A plus when it comes to marriage material.

He'd be willing to take a lower return as long as he was allowed to invest in less risky investments.

So it's going to be 6,000 times 1,000 bond certificates.

you have to buy this back from me at the NAV (net asset value) per share.

And what she found is that for every 10 mutual funds the employer offered, rate of participation went down two percent.

You can, once you have all of those different points, you can make it easy for investors.

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.

It could be a whole set of people.

The amount of money you get.

It should start to make a little bit of intuitive sense

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

They write these research reports because they want to go to institutional investors or people who have their brokerage accounts with these banks, and essentially sell them stock.

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

Or the other way to view it is, assets minus liabilities is equal to equity, right?

So this is just another visual representation that

You offer 50 funds 10 percent fewer employees participate than if you only offer five.

Those can only take funds from certain types of sophisticated investors. and what happens in Pete's fund, and this is going to be an open ended mutual fund that we're showing here, and most mutual funds are like that.

The proceeds from the bond issue will be used to finance the budget deficit.