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Free Web Novel,Novel online - All in hlnovel.com -> Romance -> Brilliant Life of Rebirth 98 Chapter 1937 Hunter¡¯s plan
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USA,
A frustrated Hunter began to break things to vent his dissatisfaction.
With the two core members of the Luochai family controlled by Yi Xiaohai, the Han and Tang Dynasties could naturally take over the Luochai family's industry in the United States.
What Hunter cares about is not money, but because the Luocha family and the Locke family have cooperated in many industries.
If the Han and Tang Dynasties came to the Luochai family's property, they would be able to restrict the Locke family, which would be very painful and undesirable to see.
The matter has become a foregone conclusion. He has no way to snatch people from Yi Xiaohai, so he can only find a way to make Yi Xiaohai spit them out!
Hunter called his butler:
"How many real estate MBS did the Han and Tang Dynasties have?"
"About 50 billion US dollars, they announced that they will purchase more than 300 billion US dollars of MBS."
"Very good!"
Hunter was a little excited.
The subprime mortgage crisis in the United States has actually begun since the year of the attack.
At that time, an economist named Rich pointed out to Federal Reserve Chairman Greens that residential subprime mortgage loans were growing too fast and could pose huge risks.
He hopes that the US regulatory authorities can strengthen supervision and management, otherwise it will definitely lead to catastrophe.
Two years later,
Richie reminded again:
The lack of supervision of subprime housing lenders and uncontrolled lending by financial institutions will jeopardize the future of the United States.
The year before last,
He spoke again:
Subprime mortgage loans are growing rapidly, the number of loan defaults has increased sharply, and a subprime mortgage crisis has taken shape.
Rich¡¯s warning was not taken seriously, or could be ignored.
What Marx said,
Capitalists are afraid of no profit or too little profit.
If there is 20% profit, capital will be active. If there is 50% profit, capital will take desperate risks. For 100% profit, capital will dare to trample all human laws.
With a profit of more than 300%, capital dares to commit any crime and even risk being hanged. "
The various financial products derived from the subprime mortgage business have huge profit margins, and financial institutions will not let go of this big piece of meat.
With the Locke family as the core, Wall Street as the leader, and the vast majority of financial institutions participating, the subprime mortgage market has become a huge market of more than 6 trillion US dollars.
Most financial institutions are blindly following the trend and are future victims. Only the core members of the Locke family know the crisis behind it.
They formulated a strategy early to ensure that they could escape unscathed.
It¡¯s just that the responsibility of the financial market is beyond their control. They will not be directly affected, but the indirect impact is beyond their imagination.
Hunter knew that his opportunity had come when he learned that Hantang was investing in MBS.
"Go and tell Angel, notify other families, prepare to retreat, and find a way to sell the MBS in your hands to the Han and Tang Dynasties, and let them die."
The Locke family has been in the financial world for many years. They are aware of the existence of the subprime mortgage crisis, but they still make money calmly because they have the US Reserve behind them.
Even if they are in trouble, as long as the U.S. Reserve is here to rescue the market, the Locke family will always be invincible.
The formation of the subprime mortgage crisis has a lot to do with the family headed by Hunter. They deliberately contributed to the flames in order to obtain huge profits.
First, they hyped up real estate and allowed other financial institutions to participate in the residential subprime housing mortgage loan business.
Then they used this to come up with concepts such as MBS and began to securitize mortgage loans.
Then, they control credit rating agencies to rate concepts such as MBS. If it seems that the credit rating is high, financial institutions will buy it.
Finally, before the subprime mortgage crisis takes hold, they will purchase CD insurance, which covers the following: Buy an insurance policy for housing prices to plummet.
As long as the room price falls, they will make a profit
Hunter originally planned to start breaking the subprime mortgage crisis next year, but now he plans to act early.
Although it may reduce their profits, it will cause the Han and Tang Dynasties to suffer losses. At the same time, the Luochai family will not be able to implement the original plan, and the MBS in their hands will become waste paper.
Because the MBS in the hands of the Luochai family are all obtained through mutual mortgages, as long as the MBS becomes waste paper, Locke and other families can pocket the core assets of the Luochai family in North America.
¡°Also, continue to raise the short-term interest rates of the US Reserve and accelerate the explosion of subprime mortgages!¡±
Raising the benchmark interest rate, subprime mortgage repayment interest rates rose sharply.?The pressure to repay loans will increase, leading to a crisis.
Hunter planned to speed up the process slightly, but he didn't know that this move caused a bigger disturbance.
¡¡
When Yi Xiaohai received the news that the U.S. Reserve had raised its benchmark interest rate, he just wanted to say that it was his own fault.
The subprime mortgage crisis in history is a long-term process, which lasted for more than ten years from early warning, budding, formal occurrence, and outbreak climax.
It is precisely because of this process that when subprime mortgages were formally formed and occurred one after another, most people have foreseen that they will be bankrupt and displaced.
They are psychologically able to accept such a result and will not be too excited. Only a small number of people making trouble cannot pose a threat.
Hunter didn¡¯t know that the subprime mortgage crisis, fueled by Yi Xiaohai, was no longer under their control.
If it breaks down slowly, although more people and companies will go bankrupt and the United States will suffer greater losses, it will not lead to chaos.
His sudden increase in the base interest rate undoubtedly gave Yi Xiaohai an opportunity to cause things to suddenly break out, causing many people to go bankrupt inexplicably.
" Millions of people are suddenly facing bankruptcy. It is estimated that most people will not understand their emotions. Only then will the chaos become interesting.
¡°Boss, if this breaks out early, the company will have to pay a heavy price.¡±
The subprime mortgage crisis will affect the whole world, and its impact will definitely not be on Wall Street, but on the whole world, and China will probably suffer no less.
" If Yi Xiaohai's plan is followed, the Han and Tang Dynasties need to ensure that China's interests are not damaged. In that case, I'm afraid it will be very troublesome for them to operate.
"Don't worry about China. Those people ignore the reminder. If you want to make money, you must be aware of losing money. Plan normally. You need to ensure the order of trade exchanges. Don't consider anything else."
"clear."
Hunter never knew that his early action was not to trick Yi Xiaohai, but to help Yi Xiaohai.
According to the original plan, the Han and Tang Dynasties would have to wait until next year to close the network. Now that the network can be closed in advance, it can cause even greater damage.
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