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What’s a TBB?

The world of complex financial products can often seem like a bizarre alphabet soup. To many of those outside high finance, securities like CDOs, ABS, RMBS, and CMBS are nothing more than a jumble of letters. And to many of those who remember all too clearly the economic crisis of 2008-2009, these little acronyms sound downright dangerous. 
The problem then was bad assets. The solution is good assets.
And Thackeray Walsh knows where they are. They’re everywhere across our vast country, in our schools, our homes, our baseball fields, even our malls. They’re America’s most accomplished teenagers. And the future lies with them.
But many of them need money. They need it to go to the best colleges, get advanced degrees, and become the engines of America’s economic growth.
That’s where TBBs come in.
TBB is shorthand for teenage-backed bond. Thackeray Walsh has pioneered the architecture for TBBs and plans to launch the first one in October 2013.
That debut is called Genius Trust 2013 (GT). Further issuance of TBBs arranged by Thackeray Walsh will be executed under the Genius Trust© name. 
How does a TBB work?
As crafted by Thackeray Walsh, TBBs are very similar to student loans, with a few key differences.
One is that the ultimate lender to the student isn’t a bank, it’s an investor.
When GT launches, for instance, the first batch of investors* to purchase the bond will effectively be lending their money to the batch of teenagers backing GT.
In return, the investors will, after a very long grace period, receive a return on their investment. Those payments will come from a share of the teenagers’ earnings, most of whom will be working adults once the grace period is over, in 13 or so years.
The risk of the bond – whether investors will get their money back and reap an attractive return – lies with the teenagers and whether they become productive, high-earning individuals in their late 20s and beyond.
That’s why Thackeray Walsh’s staff of seasoned bankers has rigorously selected for the highest caliber students. These are freshman, sophomores and juniors in high school that have shown they have what it takes to succeed and become driven, prosperous Americans.
*This explanation simplifies the structure, as the investors holding the bond can change over time, especially since we anticipate active trading in its 30-year life.
  Click HERE to view a diagram of Genius Trust©.