What is your strategy in your household?

I have a whole video on mortgage backed securities.

Do pay?

Somebody solvent?

They serviced the loans.

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.

She is an estate agent.

is he rich? No, no, he's a realtor.

Now let's say it gets even worse.

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

Real estate.

Well everyone knows that it's not going to be exactly 10 .

Hey, it's a pleasure. Good to meet you.

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.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

Now to finish the job you began! It was a pleasure meeting you, but we don't want you here.

This real estate guy.

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

Now unfortunately for you the housing market has deflated dramatically

So, each of these is an investor.

And so when you talk to a realtor

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

I develop real estate.

And you end up with a mortgage backed security.

Coldwell Banker, I'm a real estate agent! Please, don't hurt me.

We would just know that there is a 20 chance.

But there's so much funding and anyone can get a loan.

You're still solvent.

Charlie the barber.

The bank was profitable.

Mmhm. It's a real estate investment.

And by the way in the physical world the classic is real estate brokers.

But over the course of the last several decades, we were just borrowing other people's output.

That assets, A for assets, is equal to

They would actually owe this extra 1 million.

No. Oil and real estate.

Her old man... eh Strode Realty?

The real estate market's booming in Rio.

Your real estate agent, when is she supposed to come back?

Poverty is on the rise and the gap is widening between the rich and the poor.

Real estate magnate and builder rupert chandler

These are the people who first lose money.

And of those 20 that default, we have a 50 recovery.