Dana El-Kurd

What if, Molly, they made a word for this that is so complicated I am not going to attempt to read it on the show?

What if, Molly?

What is it, in German or something?

No, it's just like this.

It's like the length of my head.

It's like hyper something bullshit.

I refuse to say it because it is just like a completely finance bullshit term they made up.

But the point of collateral is that you can use it to pay off the loan if you default on the loan, and so that literally won't work more than once.

Because once I eat the burger, once I eat the burger, it's gone.

Yep.

And this is one of the things that happened in 2008.

I can't promise 10 guys my burger.

Now, Molly, here's the amazing thing here, right?

But the advantage for these companies, right, is like if you're the bank that has the mortgage, suddenly you can spin your mortgage off into like multiple securities that you can sell.

Right.

It's worth 10 times more.

And that's great for you.

Yes.

We haven't even... Okay, I just described a system where these people are promising the same house to most old people.

This isn't even the extremely, unfathomably reckless and greedy shit.