You can make 4, 6 or 12 payments.

Did you make regular payments from banking section?

So all of these are payments.

My bonus doesn't come close to covering all the loan payments I have to make.

We're now going to make all of our mortgage payments, the 10 payment, to this bank, this investment bank.

And when the 1 billion came from that local bank, all the payments, the interest payments, went to the bank.

To make our house payments, we're going to have to tighten our belts.

You're guaranteed these payments.

They defer the payments.

And now instead of you getting the payments, I get the payments.

Number of payments per year

These payments are spread out.

live on the interest payments.

You don't pay any mortgage payments.

Your insurance payments didn't go through.

Of that 100 million in payments, 6 on the 400 million, that's 24 million in payments.

Because it's 10 . 100 million in payments.

And we know how that can be used as actual currency or actually be used to make payments.

The rights on those payments that's the asset.

Signing cheques for other people, concealed payments. Paper.

I got a mortgage. I got car payments.

I was a little behind in my loan payments.

I want to buy the rights to those payments.

And then the next payments go to this one.

You present value all of the payments and you say well what is that worth to me today.

And you would carry this around with you, and if everything went to hell, you could make payments and buy your life.

But the important thing to realize is that these payments

They paid 1 billion to that first bank in order to get the payments from all of these people.

So now everyone is going to, essentially all their mortgage payments are going to be funnelled into this entity.

We all make mistakes.

We all make mistakes.

How many payments will it take to pay off this loan?

The insurance payments depend on the use intended (work or leisure).

So 24 million in payments will go to the senior tranche.

And then the investors are going to get my interest payments.

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

And she makes them so they could either be broken up into payments, or they could be like these, which are leaves that can be payments.

We must all make sacrifices.

So all that happened is, this guy got the cash and then this bank will now get the set of payments.

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?

If you can think of a discount rate, you can make a very rational comparison between three, or ten, or whatever different types of payments.

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Now this mortgage only needs two payments, so now you are done.

But in the old model, the bank would keep these payments itself.

We're all liable to make mistakes.