Chris and Eric discuss how investment bankers create new capital products others can invest in, using a process called 'underwriting'. Basically, an investment bank cuts a check for your asset, then they try to immediately diversify their risk by spreading it around to other institutional investment banks and investors. If they're right, they can buy your asset for less than it's actually worth, and pocket the profit because you no longer own it. If they're wrong, they still owe you what was promised, and they're on the hook for the losses.