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Text Chapter 730: Harming the enemy without any pressure

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    The emergence of thousands of home buyers who were unable to repay their bank debts was the direct cause of the explosion of junk bonds in U.S. real estate, which also triggered the U.S. subprime debt crisis and kicked off the financial crisis.

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

    The loan and credit system in the United States was once very sound and complete.

    “But all this gradually deteriorated after the immigration from China greatly increased.

    Why?

    Because Chinese people are smart and know how to take advantage of legal loopholes.

    The overseas Chinese who immigrated to the United States began to think about how to use credit to make a fortune when they saw how big the credit market was in the United States.

    In the end, they thought that you can’t make money by following the formal way, because there are more and better big companies doing this, and it’s not their turn.

    If you want to make money, you have to start with the business that big companies don't do - forge fake credit ratings for Americans who don't have enough credit ratings, so that they can successfully obtain loans from banks.

    Since the 1990s, Chinese immigration consulting and financial companies have been committing fraud since childhood.

    In the beginning, it was just a fake credit rating from BBB to BB, but in the end it developed to the point where it actually dared to fake a B-level person into an AA-level high-quality customer.

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

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

    So the banks in the United States simply packaged all these debts and sold them to funds or insurance companies in the financial market, making a little money themselves, or making no money, and throwing the entire burden away.

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

    What Xiao Qi wants to do.  Just ask CFP Company to be a hedge fund that specializes in shorting mortgage bonds. Once the subprime debt breaks out, Xiao Qi, who is shorting, can make a lot of profits.

    ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????就是了无码无码。

    In a previous life, the most unscrupulous person who made money through subprime debt was a hedge fund manager named Paulson.

    Just this month.  He will work with Goldman Sachs to defraud Deutsche Bank, ABN AMRO and the American ACA insurance company by peddling subordinated debt and then shorting the subordinated debt.

    Deutsche Bank only bought a $100 million portfolio of subordinated debt, but in the end Germany spent $13.5 billion to save it from the brink of bankruptcy.

    ABN Amro is much worse, directly due to huge losses.  Even the compensation was not enough, and it was eventually absorbed by the Royal Bank of Scotland.

    Aca was also deceived and almost went bankrupt. It lost $69 billion at the beginning of 2008, which was still not enough to compensate for the losses caused by subordinated debt insurance.

    This "greatest hedge fund transaction in history" also made Paulson famous and became another financial giant after Soros.

    You deceive people into buying your subordinated debt, and then turn around and trick them into ruining their lives.  This way of doing business is really shameless and immoral!

    Xiao Qi is not a bad person.

    But for the two countries in the world that hate and discriminate against China the most - Germany and Japan, he is very interested in being like Paulson, to trap them and make them taste the pain.

    As mentioned before, Xiao Qi’s biggest dream after his reincarnation was to create China’s own high-tech electronics industry.

    ??????????????????? Besides, if there is a chance.  The young man would not mind severely suppressing opponents who discriminate and hate China.

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

    But of these two countries, one is a world enemy with China and is desperately squeezing China's living space in Asia; the other is desperately slandering China in Europe, and is also the country in the EU that advocates being tough on China.  Various economic sanctions and trade sanctions imposed by the EU on China.  It's definitely a German proposal, don't even think about a second country.

    Poor Chinese people actually feel that Germans are good people after using high-quality industrial products from Germany.

    Including the woman who betrayed her teacher and became Chancellor of Germany.  He brought a group of CEOs to China to ask for benefits. After returning, he began to actively promote trade barriers against China. He was simply a typical white-eyed wolf!

    Because Xiao Qi is abroad, he knows a lot more about Germany.??, so he was determined to teach Germany, a country with a human face and an animal heart, a lesson. As for Japan, their share is indispensable at all times.

    Now that the opportunity has come, Xiao Qi has money in his hands, so he naturally wants to have a good time.

    By 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: "Qi Shao, there is a time limit for short selling. According to your level of short selling, if there is no large-scale crash within a year, I'm afraid we won't be able to make much money.  ah!"

    "You just have to follow my plan." Xiao Qi said calmly: "No matter you make a profit or a loss, the fund management fee I will give you will not be less than a penny."

    "Thisokay!"

    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’s funds were as high as 1.2 billion US dollars, and the handling fee drawn from it was as high as 50 million. CFP would not miss this business.

    But Tong Wencong is indeed a self-proclaimed kind person. Moments 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 still guarantees  Subordinated debt has been passed successfully time and time again, so you must think carefully!”

    After he signed the contract, Xiao Qicai smiled slightly: "Mr. Tong, don't worry! If you are interested, come up with a small amount of money and follow me to invest. You will definitely gain a lot."  of."

    Tong Wencong shrugged noncommittally and did not answer.

    Xiao Qi has already written out Paulson's methods based on his memories from his previous life. As long as Tong Wencong follows Xiao Qi's steps, there will be no problem.

    “However, Xiao Qi’s methods are more subtle and he makes less money than Paulson. He will not announce his victory in a high-profile manner like Paulson and steal the show.

    You can make a fortune quietly and deceive people. As for letting others take the blame!

    This feeling of hiding behind and harming your enemies is really cool!  (To be continued. If you like this work, you are welcome to come to Qidian to vote for recommendations and monthly votes. Your support is my biggest motivation. Mobile users, please read it.)

    ps: The recommendation has been blocked, thank you brothers for your support!  Three chapters will be updated in the morning, noon and evening these two days. Please subscribe and give monthly votes and likes. The more the better!  !

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