I can see big data

Chapter 520 The Legend

The full name of the so-called "subprime mortgage" is "subprime mortgage loan". This kind of loan was invented by Wall Street financiers to provide services to users with insufficient credit rating and repayment ability.This type of loan is repaid with fixed interest in the early stage and floating interest in the later stage.

At that time, many people in the United States bought a house with this kind of loan and began to repay the loan, but the problem was the "floating interest". After that, the interest rate increased from 1% to 6%. The bank took it away.

However, the purpose of the bank taking away the house is to recover the money it lent out. However, too many houses were confiscated and could not be sold.

Of course, the essence of the matter was caused by the bursting of the real estate bubble, and the subprime loans only accelerated its bursting. However, both the real estate bubble and the subprime loans were done by Wall Street financiers.

It's ridiculous that this crisis caused tens of thousands of people to go bankrupt, and the United States printed money to pass this crisis on to other countries, causing global inflation, and only fined a few people in the end. And then ban them from being at the top of financial companies, that's all, without anyone even going to jail.

Maybe the new generation of Wall Street people have long forgotten what their predecessors did, but the victims have not.

The reason why Li Han fought against Wall Street on the "Game-sport" stock at that time was not only to make money, but also to make Wall Street stand on the opposite side of retail investors again.

As a result, the people on Wall Street did not disappoint him, and all kinds of tricks such as banning transactions and unplugging network cables were used.

This kind of behavior makes retail investors feel that these Wall Street people just don't want ordinary people to make a little money.

Therefore, the retail investors united again, not because they believed in Li Han so much, but because Wall Street put them on the opposite side. It was Wall Street that made retail investors and ordinary people feel that they were enemies.

That being the case, Li Han, who is against Wall Street, is of course their ally.

It is also by this method that Li Han unites the retail investors together.

In the next few transactions, Li Han led the retail investors to earn money from Wall Street, and helped them vent their anger. Slowly, more and more ordinary people joined their ranks , thus forming the present united front.

When all retail investors are on Li Han's side, he can do a lot of things.

Because the causal relationship between the rise and fall of stocks and U.S. bonds can be reversed, if a stock is going to fall, you must sell it quickly, but if everyone sells, the stock will definitely fall.

By this time, Li Han can already ignore the "destiny" and act against the sky. It is not because the stock will fall that Li Han said it, but because Li Han said that the stock will fall.

Afterwards, no matter whether it is easing the run on SILIK Bank or shorting Samsung, shorting the Agricultural Association, or shorting U.S. debt, it is all based on this foundation to succeed.

And all of this is based on the "cause" that Wall Street planted 16 years ago. This "cause" has been buried for so long, so it caused such a strong impact when it came to fruition.

"So do you understand why I said that you will never know the reason for your failure?" Li Han's words were full of sarcasm. I can't even imagine when I will start plotting against you!"

Li Han's explanation made Cassia Jung furious: "You! What are you! Do you think you have won against Wall Street!? Tell you, Wall Street will never lose! I know why the subprime mortgage crisis back then Is no one punished? Because this country is for the rich! You can never win!"

But despite Cassia Jung's hysteria here, shareholders have already realized his fiasco.

"Well, Mr. Li..." A white shareholder smiled obsequiously, "Those are things in the past, why don't we let go of our grudges and work together, let's make money together, right?"

"Humph, yes." Li Han raised his legs and smiled, "Since that's the case, I believe everyone would not mind letting me manage the bank alone, right? Of course, the money will definitely be earned with everyone."

"Of course, of course..." At this time, another black shareholder immediately nodded in agreement.

"Then, is there anyone with good intentions to transfer my 7% of the shares?" Li Han held his hands and smiled innocently, "I will buy it at a price higher than the market price. Suffer."

"Uh, since that's the case..." The shareholders at the scene seemed a little moved.

"Wait a minute!" Cassia Jung suddenly interrupted these shareholders at this time, "We have to think about this matter again. It is not a trivial matter for a bank to be dominated by one person!"

Then, Cassia Jung discussed with the shareholders at the scene, and he didn't know what he said to these people. About 10 minutes later, when the meeting was reconnected, the group of people had already united their statements.

"That...Mr. Li, I don't think shares are necessary." Cassia Jung smiled slightly, "But we already fully understand your strength, and we will follow your leadership in the future."

"Hmph..." Li Han smiled while holding his chin, "So, what about this bet?"

"Hey, what you said." Cassia Jung had a professional smile on his face: "Everyone is an adult, how can a verbal bet count? You are also the CEO of a large company. The vote of the board of directors There must be a contract for these rights, so it has legal effect. Of course, as for this bet, I did admit defeat and surrendered."

At the end, Cassia Jung sneered and whispered: "But Wall Street will not be punished..."

"Okay!" Li Han yelled loudly, and then applauded, "What a Wall Street won't lose! In this case, let's vote. Please ask Mr. Cassia Jung to resign from the board of directors and hand over his 7% shares."

Cassia Jung looked confident: "Okay, then vote."

"I support Mr. Cassia Jung's resignation from the board of directors!" Li Han raised his hand, then looked at the crowd expectantly and asked, "Is there anyone else who supports me?"

"..." Everyone at the scene was silent for a while.

"Then..." Cassia Jung smiled triumphantly, but before he finished speaking, a person beside him suddenly raised his hand: "I support Mr. Li's decision."

"Very good!" Li Han clapped his hands excitedly, "This shareholder happens to own 7% of the shares, so the proposal is approved!"

"You!" Cassia Jung pointed to the white man in a suit and leather shoes and glasses, "Are you crazy!? Didn't you understand what I just said?! This guy will only Your money is distributed to those low-level trash!"

"I'm sorry, Mr. Jung." The white man pushed his glasses and replied flatly, "You may have forgotten that I'm just a lawyer. The real shareholder is my employer, and he is the one who makes the decision."

"Your employer...?" Cassia Jung frowned, "Who is it?"

"It's Mr. Li from China." The white lawyer explained.

Cassia Jung groaned in her heart, turned her head to look at Li Han, and asked through gritted teeth: "How is this possible!? Where did you get this 7% stake!? Before you became a shareholder of the bank, All the shares are in our hands! The 60% of the shares were awarded to you by myself, you can't have the 7% of the shares!"

"Then..." Li Han asked with a smile, "Is there a possibility that you bought it before you joined Sirik?"

"Why did you buy the shares of this bank before that!?" Cassia Jung asked angrily.

"At that time, someone was selling it, so I hired an agent to help me buy it." Li Han shrugged, "The seller...you know him too."

"I also know..." Cassia Jung frowned and muttered. The 7% of the shares are the initial shares within the company, so they must not be bought from retail investors, and there is only one person who can sell the shares...

"Robok, the former CEO of Sirik Bank!" Cassia Jung said angrily, "That idiot actually sold you the shares before he was dismissed!? It's not enough to succeed! thing!"

At that time, it was because the CEO of Silik Bank, Robock, sold his shares, and then was dismissed from his post, saying that the users of Silik Bank quickly took out the money, which triggered the run on Silik Bank, which has reached the point it is today.

"Wait..." Cassia Jung seemed to realize something, and said to himself: "After Robock sold his shares, he announced that the bank's capital chain was insufficient, which triggered a bank run..."

Cassia Jung's expression gradually became disastrous. He looked at Li Han and continued: "And you bought the shares in Robock's hands..."

Speaking of this, Cassia Jung turned to the conference assistant beside him, and asked anxiously: "What is the largest amount of funds withdrawn before the run on Sirik Bank? Which company is it from?"

The assistant contacted the person above, confirmed for a while and replied: "It's Cranberry Foods Co., Ltd., and the amount is about 18 billion U.S. dollars."

"That was the time when we were shorting the Singapore dollar..." Cassia Jung murmured to himself, covering his mouth, and the cause and effect of the whole incident gradually became clear in his mind, "Since then, he has fallen into the trap Are you in..."

"I can't win..." Cassia Jung sat down on the chair in a daze, her eyes completely lost.

"Gentlemen." Li Han smiled slightly, "Now do you understand the weight of the word 'legendary'?"

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like