And you end up with a mortgage backed security.

I have a whole video on mortgage backed securities.

The policy number of my insurance is PC two three five seven.

We would create incentives for securitization.

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

The American big credit rating agencies,

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

Evidence locker,McGee.

I think it's a distraction.

This book is the definition of a write off.

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.

So there's no way for him to invest in this security and to get better returns.

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.

Tell. So our cases have crossed.

This is mental illness.

The IRS and the SEC and I don't know who else were investigating him for fraud.

Or they might even start to buy things that aren't Treasuries.

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

No money. Money, documents, currency all left with the tour guide.

Annual rate of security

But we have to start with the basics.

Some of them are going to pay ahead of time.

It seems the government's looking for Harry.

I got lapd property on the line.

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

But anyway, this isn't the crux of it either.

I make are to the bank.

Well, they're BB, but you're being insured by someone who is AA.

learning only too late that something was wrong.

And it makes sense.

And that's why they are called derivative instruments.

Password Storage

And here are some of the other categories, if you look at the whole planet.

But it is just like a stock.

And the cash flow will come back to it.

You group them all together.

Mortgage backed security.

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

It's locked away.

All right, everyone in the storage room.

Now.

I'm going to need you to come down to the evidence garage, and I need you to bring someone with you.

You'd have to sell that loan to someone else.