We would create incentives for securitization.

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

I have a whole video on mortgage backed securities.

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.

levels of seniority.

I said, who gets the money?

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

But this I just want to show you some data 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.

I've just lost my job.

I know I've overdrawn this picture a little bit too much.

So this one might be called senior secured debt.

Leverage.

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

The yield on the bond is 6 .

Central Europe, unsecured.

You're not a homeowner until you don't have debt.

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

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

And you end up with a mortgage backed security.

Was it a correct decision?

liquidate it.

It was 1.6 million in bearer bonds.

Mark copyrighted

Bonds together with some money was stolen.

The money was stolen along with the bonds.

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

Japan has been the biggest holder of the US government debt.

Preserve permissions

Interesting.

And that makes sense, right?

They said, wow, this is great.

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

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 to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

Bonds, you become part lender to the company.

So what happens when you go into bankruptcy?

You might just want to watch the video on mortgage backed securities and collateralized debt obligations if you need a refresher there.