Leverage.

Central Europe, unsecured.

And you end up with a mortgage backed security.

Was it a correct decision?

I have a whole video on mortgage backed securities.

We would create incentives for securitization.

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

However, even if you guys complain about how difficult it is...

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

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

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.

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And, you know, Iceland, it was never going to cut it.

And then when we go and get the property because the

He wants your wife as leverage.

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.

They feed me info.

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This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

It forecloses on the property.

Some of them are going to pay ahead of time.

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

Director Galloway, our national security advisor

We hold the bond on Jessup Dolly, and now he's a runner, it looks like.

Yes?

And the bank thinks it got a great deal.

I've just lost my job.

The welcome you gave me was surly,

Plan ever.

It's a backup system for all the seed banks. Storage is free.

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

You pay the same.. I would call it very high premium your entire life and so earlier on in your life when you're thirty or forty or fifty.

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.

You group them all together.

So this is a form of a collateralized debt obligation.

But we have to start with the basics.

Now, Georgie, like it or not, is acceptable collateral.

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And the cash flow will come back to it.