But it is just like a stock.

So a security in the equity world is a stock.

When you go long a security, you're buying the security.

And maybe it also does some longer term treasury securities, or whatever else.

And also, just so you know, as opposed to being short the company, they're long.

T bill if it's a shorter duration,

So this right here is a Treasury bond or bill.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

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

They'd start with your bonds preferred stock, and then move on to real estate.

But if the Fed wants to inject more cash, it can now buy different types of securities.

And I'm doing this just to show you a point

Annual rate of security

A security is essentially something that can be bought and sold that has some type of claim on something, or some type of economic value.

It seems the government's looking for Harry.

It's a security.

You know what equity securities are, and just so you know, what is a security?

In Washington, did you meet Harry Macdonald, head of S.E.C.? Not yet.

Did he try selling you that extended warranty?

learning only too late that something was wrong.

And it makes sense.

And you end up with a mortgage backed security.

Or by selling shares of itself, or essentially allowing other people to become partial owners of it, and that is equity.

They have increased the security of proprietors.

They will give this money to the market, and in exchange they will usually buy treasury securities, sometimes something slightly different, but usually very safe securities.

I have a whole video on mortgage backed securities.

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

I could trade a share of Microsoft.

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

We would create incentives for securitization.

It can do it through debt or equity.

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

Treasury bond if it's a longer duration.

And so I'm fine.

That's why it's called open market operations.

This is an example here

My season ticket expires on March 31.

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

But in the long run, the hsa Makes a lot more sense than flex accounts. Malory

And it really started because this whole process of being able to take a bunch of people's mortgages together, package them up, and then turn them into securities and then sell them to a bunch of investors this was a quote unquote innovation in the mid '90s, or early '90s.

Short term, overnight borrowing between banks is already zero.

And the loans are just the right on these 10 payments.

The date and time until the certificate cache entry should expire.

They have good credit etc etc.

I think it's a distraction.