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How Wall Street Works: Why Companies Issue Securities

Monday, December 24, 2007

As part of NBR's "How Wall Street Works" special, NBR Correspondent Jeff Yastine explains why securities -- stocks and bonds -- exist. And, he uses the case of Carnival Corp. to illustrate just what these financial instruments do.

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External Links/Articles*

  • Carnival Corp.
    Carnival Corp. is runs Carnival Cruise Lines. The company is profiled in Jeff Yastine's report, which also includes an interview with Carnival Chairman and CEO Mickey Arison. This links to the "About Us" section of the company's website.
  • Investing in Bonds
    Investing in Bonds is a website created by The Bond Market Association to educate the public about investing in bonds. This links to the "Bond Basics" section of the website, which answers questions like "What are Bonds?" and "Why Invest in Bonds?"
  • Securities and Exchange Commission (SEC)
    The SEC regulates equity markets in the U.S. This links to an investor education article published by the SEC titled, "Initial Public Offerings: Why Individuals Have Difficulty Getting Shares."

    • *Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.

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