Chapter 516

Annie temporarily put aside his worries about Jin Xiantai. After all, his plan to monopolize the express delivery industry has not yet started, and even it will take some time to implement it. Therefore, before the core interests of the Italian Mafia are involved, Jin Xiantai and his daughter will not have any trouble at all. Therefore, Annie is better than worrying about this useless now Focus on business.

Therefore, after hearing the old housekeeper's words, Annie took back her confused thoughts and turned her head to look at her old housekeeper.

Beside the baby bed, two babies sleep very sweet, one of them even exhaled snot bubble, lovely to the extreme.

"What's the result of the survey?"

Since the old housekeeper said that the investigation on sub-prime debt had already come to an end, Annie certainly wanted to ask. After all, she had a lot of subordinated bonds in her own hands. If it was really like Jin Xiantai's idea that there would be a crisis, Annie didn't want to suffer from it.

Although she made a fortune of $1 billion in Japan last year, she abandoned some European companies and invested in heavy industries in the United States, such as ports, ships and automobile manufacturing, due to the birth of children and the adjustment of business focus.

Otherwise, how could she have won more than 90% of the ports and wharves along the East and west coasts of the United States in such a short period of time, and successfully entered the American heavy industry circle and became a new upstart.

In addition to replacing Annie's business in Europe, she must also give a large sum of money to the other party, so as to satisfy the other party and achieve her own goal, right.

So that money, after all this spending, is now very little left.

God, that's a trillion dollars, not Zimbabwean dollars.

Of course, although there is no one trillion dollars, Annie is not necessarily at a loss.

Nowadays, anyone has to look at her face in the import and export business of the United States. Who can let Annie control 90% of the ports and wharves in the United States? Besides, she also has a large fleet and a large shipyard that makes several ships of 10000 tons in a few years. It can be said that she is a real American woman ship king.

After abandoning those troublesome companies in Europe, she returned to the United States and began to build core business outside the bank. After that, Annie also expanded her investment in heavy industry and manufacturing, which greatly improved her status in the U.S. industrial sector.

Especially after the war against Vietnam, she won the right to issue U.S. Treasury bonds through the old George's relationship, and she ate 60% of the national debt, and let her own Wheatstone bank earn 20% of the annual dry interest.

But even so, Annie doesn't want to run into subprime debt.

You know, she has a lot of subprime bonds, almost 100 billion dollars.

The reason why I bought subprime bonds at the beginning was mainly because the interest return of this financial product was good, at least more stable than that of investment in other fields.

But now a look, subprime bonds are not really so stable, which implies huge hidden dangers.

Although losing money several times won't hurt Annie, it's absolutely inevitable that she will become the talk material of others.

To Annie's position, face is very important and maintain.

So Annie didn't want to fall down on this.

If it had not been for Jin Xiantai's appearance, Annie in this time and space would have followed the original path of life, perhaps she would have been no longer in this world.

Wheatstone has long since collapsed.

Where would she have turned her focus back to the United States under the leadership of Annie, and had a firm foothold with the support of sufficient capital, making her a woman ship king.

All these changes are basically due to the influence of Jin Xiantai, a little butterfly. Although she is not very clear about this, Annie is quite aware that Jin Xiantai is the initiator of the "Plaza Agreement".

So how can a person with such a keen eye not to let her Annie care about the subprime crisis.

So she asked the old housekeeper to do some investigation, and the result was really said by Jin Xiantai.

Of course, even if Jin Xiantai's keen financial intuition is not taken into account, Annie will also take into account the relationship that he is the father of her own child.

"Miss, the hidden dangers and risks of subordinated bonds are very big. We didn't know them very well in the past. According to my investigation, Morgan knew that there was a risk problem, but they could ignore this problem and constantly advocate this financial product, which makes people think that this financial product is really like what they advocate, which is low risk and high return What about it. "

Anne, however, was very quiet to Nord.

After sorting out his thoughts, the old housekeeper continued: "on the surface, there is no problem with the subordinated bonds. In fact, the problems are hidden by packaging. Ordinary people and even some professionals will not see those hidden dangers. If we did not conduct a special investigation, we would not have known these hidden dangers.Subordinated bonds sell credit, and the value of their products is also based on the protection of the credit system. People who apply for loans to buy real estate believe that they will not default on their debts, and the insurance companies also provide guarantees for this. Therefore, the subordinated bonds will have value and become more attractive. But the question is: what if there are more bad debts, that is, more people who are defaulting on their debts? "

Annie, as the family's core business is the bank, of course, is very clear about what kind of situation the old housekeeper mentioned after this event happened.

It's like a domino effect, and it's going to have a big impact, and it's going to be very far-reaching.

First, the insurance industry, then the banks, and then the people who bought subprime bonds.

People who buy real estate with loans will be required to buy a mortgage insurance. Once those property owners maliciously repudiate their debts or even give up their real estate, the value of this insurance will no longer exist.

And the subprime bonds built on this will also become worthless rubbish at the same time.

Then people who buy subordinated bonds have no value in their hands.

What's more, in order to get rid of the huge insurance expenses, the capitalists of insurance companies will even use bankruptcy to solve this problem.

At that time, Kim's "sub prime debt swap agreement" will become a real money making device.

It's very simple. If you buy a sub-prime swap agreement with one tenth of the value of the sub-prime debt, the value will rise to the peak value of the sub-prime debt. Moreover, because he is very smart in this business with the bank and has no relationship with the insurance company, the bank must perform its own contract according to the agreement, which will make Jin Xiantai make a lot of money.

Think about it. The $70 billion investment made by Jin Xiantai and his daughter will increase by more than ten times. What kind of concept is that.

Of course, if the subprime crisis breaks out, banks will certainly lose money.

After all, bad debts will increase. At most, they are better than insurance companies. They can forcibly reclaim the property of those who have bad debts, but the value of the real estate will drop a lot, so it is better than the insurance company.

"To talk about the investigation in detail, I need to know about this."

Annie's expression became more serious when she thought of this.

Old housekeeper Nord nodded, picked up the document in his hand and began to read: "Mary, 32 years old, is a dancer of topless club, has primary school education, is white, single mother, has two children, lives in Detroit, work characteristics and her living conditions, note that it will be very difficult to get a loan, but she can easily with the help of a real estate agent However, according to our investigators' understanding, she has not paid the mortgage for half a year, and her mortgage has also been added to the subprime mortgage products, and the rating is excellent. "

"Krulner, a 48 year old male, unemployed and addict, also applied for a mortgage and was approved. However, this guy does not have a real estate. All the procedures related to his loan are forged. As an applicant, he only received a benefit fee of $3000, and the 250 million mortgage he applied for fell into the real estate agency, bank staff and insurance company three Fang handled people's pockets, and his loan was also added to the subprime debt products, and the rating was still good. "

Listening to the contents of the survey results document of old housekeeper Nord, Anne's expression gradually became more and more ugly.

To be honest, the content of the survey results sounds really sensational.

To look at this matter from another angle, we can even use some unscrupulous guys to unite together, and it is not too much to deceive the public.

Old housekeeper Nord only said two surveys, but any one of them was not qualified to apply for a mortgage. In the investigation, they not only successfully applied for loans, but also joined the subprime mortgage products and was sold to investors.

Don't you know what's going on here?

No!

Annie thinks that the senior management of motschengen must be clear, and the reason why they didn't make any indication was that they planned to transfer the risk.

As for whom?

Of course, it's the poor investors they've blinded.

But if so, why did Citibank and Kim hyuntai design the financial product that was created for it alone, namely the "sub prime debt swap agreement"?

Perhaps, the people of Citibank don't know about this?

After all, those guys at Citibank are not financial philanthropists who will give their money away.

However, the survey results show that Jin Xiantai is sure to make money.

And Annie also felt that she should do something to prepare for the future, that is, to get rid of the $100 billion sub-prime debt in her hand, so as to save money from going into the pit.

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