So on day zero, you have a 200,000 loan.

So what they do is out of this 10 , they pay them some of the basis points.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

And then instead of me and the other thousands of me paying the money to this bank, we're now paying it to this new party, right?

And then I'm going to pay you I don't know 35 in year 3.

That will now compound over the next month.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

Some of which is interest, some of which is principle, but it's the same amount you're going to pay every month to pay down that loan plus interest.

And of course if you're paying out, these become negative numbers.

Let's say it borrows 100 and it promises to pay it in a year.

And how much am I paying out every year?

I'm gonna go left, you're gonna go right, you understand me?

And then the bank makes the difference, right?

The only tax that cannot run away is VAT.

Mr Experimenter, I solved X problems. Give me X tokens.

What payment options are available?

You don't pay any mortgage payments.

And we thought we were going to be able to lay these debts off on our kids, but, guess what?

We have tried and failed.

I have a 13,500 tax savings.

Pay up

We have to wait till dawn, and...

That's right, all of it.

So actually, let me do that.

Let me do that in red.

If you spent 62 dollars for a meal, the longer you take to pay out that loan, you see, over a period of time using the minimum payment it's 99 dollars and 17 cents.

In the whole live

So this bank paid 1 billion for the right to get the interest and principal payment on those loans.

You worked for us, but I'll tell you what, we'll sell it to you.

But the important thing to realize is that these payments

The IRS might consider that to be income

The customer pays you 200 for your services

Let's split the bill.

Use a real pen.

On the contrary, passengers themselves must pay.

look if you pay a premium if you pay a premium every year of five hundred dollars of the .... the word premium litterally just means the amount that you would pay every year

And they might pay you, who knows, they might pay more than 1000.

How much is he paying you?

I'll pay with travelers' checks.

So Google Search was a very simple multi sided market just two sides.

Who received this money?

How would you like to pay?

So I go to the insurance agent and the insurance agent says

There's financing, there's installment plans.