Wall Street Legend

  Chapter 389 Fermentation

  Among so many empty orders, Ye Dongqing's fresh water investment group and hedge fund department are the main force.

  They have been preparing since yesterday. When Ye Dongqing, the boss, was preparing to be the savior of the world economy, they borrowed as many stocks as possible from the three major credit rating companies and sold them for cash, waiting for panic in the market.

If it's other things, such as insider trading, tax evasion, etc., just turn a blind eye and turn a blind eye, but this time some people are a bit aggressive, such as a few credit rating companies that do not hesitate to destroy their reputations in order to make money, For example, subprime lenders who fell into the eyes of money.

   Except for Ye Dongqing, is there really no one here who sees the potential risks?

Of course not, for example, commercial banks that provide subprime housing loan business, they will not foolishly wait for users to repay the loan for a long time, but choose to package these subprime loan contracts, and ask credit rating agencies to give them a high rating Resell to other investors, while passing on the risk, you can also get a fortune out of it.

Because there is no shortage of takers, these financial institutions that provide subprime loan business no longer strictly review the qualifications of borrowers as before. Even street girls with extremely unstable incomes can buy several houses in New York. Such subprime loan contracts are also marked with high ratings and bought by other institutions. They are getting bigger and bigger like cancer. It has reached the point where Ye Dongqing feels quite dangerous, with a scale of trillions of dollars.

If, like in the previous life, an economic crisis brews in the end, the culprits will still be the rich, while ordinary middle-class people may lose everything. This makes Ye Dongqing feel that it is necessary to help them, as well as the hard-won world economy. , The position is different, and the angle of view of the problem has become different. If it was before, he would not bother to care about such bad things.

  …

New York.

  GDP per capita is about to exceed 100,000 US dollars. One-tenth of the world's top 500 companies are headquartered here, and one-third of the top 500 American companies have their headquarters in Manhattan.

  Nearly 6,000 high-rise buildings and cars crowded the streets together create a bright night view of the metropolis.

  Ye Dongqing was born here and has long been used to all of this. She is now sitting in the car and leaving from the entrance of the Waldorf Astoria Hotel.

He has finished what he wanted to say, and there is no point in staying any longer. Before he left, he asked someone to send a message to the old Jew who spent half a million dollars. There was only a simple "Yes", which was regarded as a response to Nasdaq Internet. The next trend of the plate was affirmed, and the question raised by the other party was answered.

Before going home, I turned to a hamburger restaurant. I ate it once before and I liked it. It closed down in 2016, but it is still there now. I saw a lot of dead people "resurrected", and I saw a lot of vicissitudes. More than two years have passed , He knew how to deal with this feeling of disconnection between memory and reality. He packed and bought more than a dozen burgers and distributed them to the bodyguards, and then continued on the road after eating in the shop.

  If it was last year, he might occasionally live in Puchuan Building, but now that there is an extra baby in the family, he can’t help worrying if he can’t see her...

  ********

  If you choose to go to the center of the public opinion storm, there will definitely be troubles.

  If you just talk about it at the seminar without further follow-up, it is likely that the major event will be reduced to a minor one. There are so many vested interests in the subprime mortgage industry chain, and their strength is not weak after being twisted into a rope.

Now that Ye Dongqing has decided to disclose this kind of news, of course he has already thought about the next move. When he made a speech, there were several media people on the scene, including the "Wall Street Journal", "New York Times", and "Los Angeles Times". Those who have a good relationship with him will probably break out when they encounter such big news.

   Even if they encounter resistance, it doesn’t matter, because a bodyguard has videotaped it and uploaded it to Youtube that night, and contacted people from several TV stations to follow up, so the whole army will not be wiped out.

I have also thought about the follow-up matters. Ye Dongqing is shorting these credit rating agencies. While trying to make money, she can also create an image that she only got ahead for the sake of making money. It is hateful, and the only one to blame is that they themselves are too black-hearted, and they are caught by their little tails.

The scandal was spreading rapidly. On the same day, many well-known editor-in-chiefs called to inquire about the specific situation, gave replies one by one, and conveyed their own attitudes. Early the next morning, when the newspaper was delivered to people, it caused a stir on Wall Street in an instant. sensation!

   Subprime mortgage assets are held by the vast majority of Wall Street firms, and only a small part of them know that the ratings have been watered down. They now feel like they are holding some kind of time bomb.

  If the market hadn't happened to be closed on Saturday, today's subprime mortgage trading market would definitely be in a mess, and the credit rating agencies would also suffer.

  The storm is coming.

Ye Dongqing opened a corner of the big screen, but on Saturday, like an outsider, she got up on time at seven o'clock, then had breakfast after exercising, and read the newspaper while eating. Ma discussed the development of Taobao through a video chat program.

   Probably heard the news that Tencent will be listed on NASDAQ this year. Jack Ma was a little anxious and asked about the specific process and possibility of listing on NASDAQ.

The reason why Tencent was listed so early was mainly to force MIH Group to cash out profits and then take the opportunity to expand its shareholding. He will not tell others about this small calculation. Almost all of these online shares belong to Taobao, and there are few decent competitors, and they are almost wiped out.

  Tencent’s current e-commerce business has just started. The first logistics warehouse has been built in Pengcheng, and it will take two months to officially put it into use.

After coping with the chat, Ye Dongqing was almost full. She went upstairs and walked around with the baby who had just bathed. After teasing, she went for a walk on horseback and enjoyed the rare comfortable weather. The temperature in China has risen, and it will probably drop again, so it is better to take the opportunity to enjoy it before spring really comes.

The phone calls came one after another, and most of them were asking about subprime mortgages. No one paid attention to the life and death of credit rating companies. What really affected their interests was the subprime mortgage contracts in their hands. There are huge risks and hidden dangers hidden, so it is strange not to worry.

   Feeling annoyed by too many replies, I removed the battery of my phone and put them back into the pocket of my down jacket, thinking about whether I should go to some warm island to relax and feel comfortable for a while.

  At the end of last year, I was thinking about my children, and I didn’t even think about traveling during the Christmas holidays…

  (end of this chapter)