Leverage.

I've just lost my job.

Some of them are going to pay ahead of time.

Central Europe, unsecured.

And you end up with a mortgage backed security.

So this is a form of a collateralized debt obligation.

We would create incentives for securitization.

Was it a correct decision?

I have a whole video on mortgage backed securities.

And let's see what this thing does.

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

The only situation where I would foreclose is if the market price of the house goes less than my loan.

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

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So let's just try this out.

So these shares each of these one million shares this is a mortgage backed security.

They feed me info.

Is sent over by the Coast Guard In charge of the food here

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.

We'll borrow some money on the house.

We'll use the house as collateral so we can borrow some money.

I think it's a distraction.

I'm not so sure you want the maintenance and safety department. The fire department might be a better bet.

And secured means there's actually some collateral on the asset side that they get if the company can't pay.

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

Director Galloway, our national security advisor

We hold the bond on Jessup Dolly, and now he's a runner, it looks like.

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The welcome you gave me was surly,

That's how loans worked before the mortgage backed security industry really got developed.

You know how to run queries at this point.

Every soul is pledged to what it does,

Every soul is mortgaged for its own deeds.

Every soul shall be pledged for what it has earned,

Every soul will be a pledge for that which it hath earned,

Every person is a pledge for what he has earned,

Every soul is hostage to what it has earned.

Each one is a hostage to one's deeds,

Every soul is a pledge for its own deeds

Every soul is hostage to what it has earned,

Each soul is held in pledge for what it earns,

Every soul, for what it has earned, will be retained

Every soul will be in captivity for its deeds

Every soul is held in pledge for what it earns,

Every soul is held in pledge against its own deeds,