The yield on the bond is 6 .

So a security in the equity world is a stock.

Savings bonds.

They're savings bonds.

So it's going to be 6,000 times 1,000 bond certificates.

So it's essentially this is an IOU from Company XYZ.

And if buying debt seems like a weird thing to say, buying debt is the same thing as lending money (lending money).

We would create incentives for securitization.

Annual rate of security

And this one that was in Kenya, they went around and distributed to people vouchers, discount vouchers.

...even UBahn tickets.

And we came up with this idea of issuing bonds, press freedom bonds.

But then there's a very fundamental difference in what the holder of the bond is doing.

You can't get it on Yahoo!

It can do it through debt or equity.

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

But kind of the one that people always talk about, I guess in the same phrase, is bonds.

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

And we said there's different kinds of debt.

There's very little chance of them defaulting on their loans.

I feel secure when I invest in stocks but not bonds.

So that's what we're going to show you in the presentation on collateralized debt obligations.

Currency and bond markets are relatively calm.

The Spanish Victory Bond.

So what you do is you have, let's say, the 6 million.

This guy, he does have interest.

bishop?

My next presentation, I'm going to take it to a further

Finance, you type in the ticker symbol and you get the price for that day.

I have a whole video on mortgage backed securities.

And what is a bond?

May I have coupon tickets?

Now let's say that Company x has also borrowed some money.

And this pension fund had the same problem.

So what we're going to do is we're going to insure this bond.

So when most people talk about the yield curve, they're talking about the treasury yield curve.

And let's visualize what a bond certificate could look like.

And the environment might be things like the stock market or the bond market or the commodities market.

Once you have all of that put together, there's not one reason why you couldn't actually have a marketplace for all of that, where you cannot dispose of all of those bonds in a pretty quick way.

There is a price.

This is better than buying treasuries.

And it could be divided into you could divide this into 6,000 bond certificates.

And I kind of jumped the gun a little bit.

...where it seems like there might be a log jam in the credit market because with just printing money and buying government securities maybe the interest rates on government debt goes down but maybe because of panic or crisis, interest or the prices on these things don't behave properly.

Let me draw these bonds, these polar bonds that start forming between the particles.