Age of Dreams

The emergence of tens of thousands of home buyers unable to repay bank debts is the direct cause of the outbreak of junk debt in US real estate. It has also triggered the subprime debt crisis in the United States and opened the prelude to the financial crisis.

Speaking of junk debt in the United States, it is actually a very complicated matter.

The U.S. loan credit system used to be very sound and perfect.

But all of this has gradually deteriorated after the immigrants from China have greatly increased.

why?

Because the Chinese are smart and know how to take advantage of the law.

The immigrant Chinese and overseas Chinese, looking at the size of the credit market in the United States, began to wonder how to use credit to make a fortune.

Finally, they thought of it, that is, they can't make money by following the formal path, because there are more and better big companies to do this, it is not their turn to say.

If you want to make money, then you have to start with the business that big companies don't do-fake credit ratings for those Americans with insufficient credit ratings, so that they can get loans from banks smoothly.

Since the 1990s, consulting and financial companies for Chinese immigrants have started frauds from small to large.

In the beginning, it was only a fraudulent credit rating from BBB to BB, but in the end it developed to a person who dared to fake a B-level into a high-quality AA-level customer.

It cannot be said that Americans are all fools, and many banks have discovered this problem, but they all need to continue to lend out to increase their operating income and create a prosperous business scene.

But at the same time, the credit repayment ability of the loan customers is very low, and the loaned money may not be collected, but it is also a very serious problem.

So American banks simply packaged up all these debts and sold them to funds or insurance companies in the financial market, making a little money on their own, or not making money, and throwing out the entire burden.

This is the source of subordinated debt. The debt sold from banks to the secondary market is called subordinated debt.

What Xiao Qi wanted to do. It is to ask the CFP company to build a hedge fund that specializes in shorting mortgage bonds. Once the subprime debt breaks out, then Xiao Qi, who is short, can get a lot of profits.

If this is the case, it cannot be regarded as wicked.

In the previous life, the most unscrupulous person who made money from subordinated debt was a manager of a hedge fund company named Paulson.

Just this month. He will work with Goldman Sachs to sell subordinated debt and then short the subordinated debt, and jointly pit Deutsche Industrial Bank, ABN AMRO Bank and American Insurance Company A.

Deutsche Industrial Bank only bought a portfolio of subprime bonds worth 150 million U.S. dollars. In the end, Germany spent 13.5 billion U.S. dollars to rescue it from the brink of bankruptcy.

ABN AMRO will be much more miserable, directly because of huge losses. The compensation was not enough, and was finally annexed by the Royal Bank of Scotland.

A was also pitted into bankruptcy and lost 69 billion US dollars in early 2008, which is still not enough to compensate for the losses caused by subordinated debt insurance.

This "greatest hedge fund transaction in history" also made Paulson famous in the first battle and became another financial crocodile after Soros.

You lied to others to buy your subordinated debt, then turned around and ruined the family. This method of doing business is really shameless and wicked!

Xiao Qi is not a bad person.

But for the two countries in the world that hate and discriminate against China—Germany and Japan, he is very interested, like Paulson, to cheat them and let them suffer.

As mentioned earlier, after Xiao Qi's reincarnation, his biggest dream is to create China's own high-tech electronics industry.

In addition, if there is a chance. The teenager does not mind severely suppressing opponents who discriminate and hate against China in the international arena.

The economies of Germany and Japan depend to a large extent on blood transfusions in the Chinese market in order to run smoothly.

But these two countries, one is the enemy of the world with China, desperately squeezing China’s living space in Asia; the other desperately discrediting China in Europe, and is also the EU’s most advocating country that is tough on China. Various economic and trade sanctions imposed by the European Union against China. It's definitely a German proposal, so you don't have to think about the second country.

Poor Chinese people, after actually using German high-quality industrial products, feel that Germans are all good people.

Including the woman who became the president of Germany by betraying her teacher. Bringing a group of presidents to China for the benefit, after returning home, he began to actively promote trade barriers to China, which is simply a typical white-eyed wolf!

Xiao Qi knew more about Germany because he was abroad, so he was determined to teach Germany, a country with a beastly heart, a lesson. As for Japan, they can't do without them at any time.

Now that the opportunity came, Xiao Qi had money in his hands, so naturally he wanted to have a good time.

In the afternoon, Xiao Qi took the confidentiality clause from Mario Law Firm and asked Tong Wencong to sign it, and then told him his plan.

Tong Wencong pondered for a long time, and said with some uncertainty: "It's rare, there is a time limit for short selling. According to your short selling level, if there is no major collapse in one year, I am afraid we can't make much money. what!"

"You can just follow my plan." Xiao Qi said indifferently: "Whether you make or lose, I will pay you a penny of fund management fees."

"This... alright!"

Tong Wencong is the president of CFP Fund Company. Such small fund companies are everywhere on Wall Street. He alone can decide whether the company will cooperate or not.

According to the contract, Xiao Qi took out as much as 1.2 billion U.S. dollars, and the handling fee drawn from it was as high as 50 million. CFP will never miss this business.

But Tong Wencong is worthy of a self-proclaimed kind. At the moment before signing the contract, he reminded Xiao Qi: "Qi Shao, although subprime debt has been in a dangerous situation in recent years, the strong economic strength of Wall Street in the United States is still guaranteed. Subordinated debts have been successfully passed time and time again, so you must think about it!"

When he signed the contract~www.wuxiaspot.com~Xiao Qicai smiled slightly: "Mr. Tong, don't worry! If you are interested, take out a small amount of money and follow me to invest in it. , It will definitely be rewarding."

Tong Wencong shrugged noncommittal and did not answer.

Xiao Qi had already written out Paulson's methods in accordance with the memory of his previous life. As long as Tong Wencong followed Xiao Qi's steps, there would be no problem.

However, Xiao Qi's methods are more concealed, and he makes a little less money than Paulson, and he will not make a high-profile announcement of his victory like Paulson, and show off the limelight.

Quietly getting rich and pitting people, as for the black pot, let others do it!

This feeling of hiding behind the enemy is really cool! (To be continued. If you like this work, you are welcome to come to the starting point (m) to vote for recommendation votes and monthly tickets. Your support is my biggest motivation. For mobile phone users, please go to m to read.)

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