And I'll be willing to give this as collateral.

Mortgage backed security.

Foreclose means that Sal isn't paying on his debt, so we're going to take the collateral back that he gave for the loan.

Felicia and Craig,Frobisher's personal financial transactions.

And if they default on it, I actually get an asset that's probably worth more than the loan amount, and I can auction that off and easily get my 500,000 back.

We met with his attorney. Also interviewed the broker who placed the short sale of IRT stock.

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.

She covers Wall Street.

What the Fed was doing was, they were saying, OK, we'll take some of these assets that Bank C has.

I'm an independent trader... trading commodities at the C.M.E. Group, member of the Chicago Board of Trade, and I've traded derivatives and futures cash for over 15 years.

Leverage.

And then when we go and get the property because the

Whether people will continue to loan them money.

Did you get bauer cleared through security yet?

I'm up to my insurance policies on this big deal I'm financing.

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

So this is lending some cash.

Well we learned what happens.

The welcome you gave me was surly,

What are you carrying?

I'm pulling out of his scheme.

It's an emergency. Our bargain, sheriff.

And so with patient capital from Acumen and other organizations,

That's called paying off the principal.

Central Europe, unsecured.

And the bank thinks it got a great deal.

Well financing got easier. Or essentially they lowered their standards.

Andrew,you'll analyze the SEC filings.

And the corollary of more people willing to lend, is you that the actual standards go down.

And you end up with a mortgage backed security.

And today, less than five years in,

So let's make some very simple assumptions for ourselves.

And so that cash ended up here.

Was it a correct decision?

Word is that davis' fund has taken some big hits on mortgagebacked securities.

There are a couple of things going on right now that I want to bring to your attention.

And you get a 6 billion market cap.

In this situation, you take your payment, you discount it by your monthly interest rate, you get the loan amount.

And that's why they are called derivative instruments.

I have a whole video on mortgage backed securities.

And this guy's an investment bank instead of a commercial bank.

We're now moving into East Africa.

Let's just show an example of how the actual mortgage works.

You're talking about 0.5 per month.

We disproved all that.