Dana El-Kurd

You need to turn that cash into more money.

But also, you're a pension fund, so you constantly have to take money back out in order to pay the people who are retiring.

To pay old people, yeah.

Right.

And this is also a thing that like, you know, if you're just like a rich person, sometimes you want your a lot of times you want your money in assets that are like you can you can turn back into real money, but also make you a shit ton of money.

Right.

They need to sort of revolve a little bit.

They need to be like, yeah, I don't know, like a jello, like partially liquid.

Yeah.

And this is this is what the shadow banks do.

Right.

Because the thing that you can buy is one of those mortgages they've turned into like a security.

Right.

You can go buy someone else's debt.

But because it's a magic security now and these are called mortgage backed securities.

And again, if you're old enough to remember.

Yeah.

Anything of anything about 2008.

That's what blew up the whole economy is these mortgage backed securities.

Yeah.