We would create incentives for securitization.

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

Because that's essentially what a credit default swap is, it's insurance on 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.

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

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

I have a whole video on mortgage backed securities.

You're still solvent.

They serviced the loans.

The national health service was far from adequate.

Because the government now owns 90 something percent of the company.

Insurance.

That's not always the case.

The other type of policies is whole life and whole life is the motivation for whole life policies.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

Helps bring it down.

So you probably would have been back definitely would have been better off and if this was your point if you wanted to save some and stil have life insurance for a fixed amount of time.

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

So that's bankruptcy.

You go get bankruptcy protection.

Do you sell insurance?

So just in kind of our everyday personal finance world, your mortgage is actually secured debt.

let's see those zeros cancel out, this zero cancels out, they're getting, over the life of the policy, 1 dollar in premiums for every 100 dollars in insurance.

It can do it through debt or equity.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Payable to the City of San Francisco.

I just realized that I didn't answer a question that might be burning in your brain because in whole life we talk about the scenario

I sell insurance.

An insurance swindle.

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.

Put it at 0 if you don't.

What is your strategy in your household?

You have 189,000 as the value of this equity.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

Now let's say it gets even worse.

It's exciting, but we went over our finances and...

I chose to crash this party myself.

I stumbled onto a racket.

The 400 million senior tranche we raised from 1000 senior securities, collateralized debt obligations.

You pay the same.. I would call it very high premium your entire life and so earlier on in your life when you're thirty or forty or fifty.