A group of senior executives of the Zurich Group were still in a state of disbelief after signing the contract.
Why worry if a fool comes to give you money?
The parties to these contracts are all five major investment banks on Wall Street. That is the ranking of the United States, the beacon of mankind!
If even they choose to default, then Blue Star's economy will definitely collapse. It is estimated that they will go bankrupt before. That's not a big deal. Every month, 260 million dollars are delivered to the door while lying still. There is nothing better than this in the world. Something more exciting?
The moment the contract was signed, Sifu and Eva both felt relieved at the same time.
Although this is a bit risky, the good thing is that the other party only thinks that he is a fool giving away money for free, and does not believe that these subprime mortgage contracts will default.
Now that the contract in black and white has been signed, if the Zurich Group, a financial giant headquartered in the Clock Country that controls the pension funds of most countries in Western Europe, dares to default on its debts, they will have many ways to make this old laity pay him obediently.
There's nothing we can do about those Wall Street renegades, but Cricket Zurich, haha.
At this point, the Qinglong Study Group, the Specter Party, and a group of mainland state-owned financial giants finally breathed a long sigh of relief. They finally got rid of the bombs in their hands, and now they can move to a bench to watch the show.
. . .
Another half month passed like this. Although there was no stampede incident when a group of huge "giants" ran away, their crazy output still affected the market.
The Federal Reserve raised interest rates again in the past half month. When the Bank of Zurich received a bunch of bombs, within two days, defaults by poor people began to appear across the United States, and as time went by, the number of defaults increased. more and more.
In other words, there are more and more vacant houses in the hands of American financial institutions, and the upward momentum of housing prices has begun to decrease. Although it is still rising, it is simply not strong enough compared to some time ago.
At this time, Morgan Stanley, a player with a background as good as Goldman Sachs, finally discovered that a large group of people had been running away for a long time.
Wall Street, Morgan Stanley headquarters.
Williams, one of the members of Morgan's board of directors, rushed into the headquarters hall frantically, pushing aside several investment managers and rushing directly into the elevator. When the security guard saw that it was him, he pressed his hand on the gun bag. Withdrawn.
Williams looked very panicked in the elevator, pressing the keys frantically with his fingers, as if there was some terrifying monster chasing him behind him.
The elevator rose for a while and then dinged as it finally reached the floor of the president's office, and then rushed all the way to the office.
The bodyguard at the door saw a figure rushing toward him. His eyes were fixed and his hand was already on the gun bag, but when he saw that it was Williams, he relaxed and quickly went up to help him.
"Mr. Williams, you look a little bad. How can I help you?"
"Is Hermann in the office?"
"Well, he is here, but you look very bad, so you really don't need it..."
"No, I want to see him quickly!"
Two minutes later, in the office of the president of Morgan Stanley, Williams sat on a chair, took a sip of a cup of Blue Mountain coffee and put it on the table before letting out a long sigh of relief, while Herman across the table was full of laughter. Face question mark.
"Williams, what's wrong with you? I'm going to the Goldman Sachs headquarters soon to discuss a big project with Solomon..."
Before Herman could finish speaking, Williams threw a pile of documents onto his desk like a cat with a hairy coat.
"No, don't agree to any of Solomon's requests!"
Hermann was confused for a moment, then picked up the document and slowly flipped through it. His face became more solemn as he read it, and finally became incredulous.
"He...they actually..."
“Yes, Goldman Sachs is retreating, Salomon and others are short selling!
Not only them, the capital represented by M Group, the Schiff family, and Schiff of Quantum Fund are also shorting. A large number of our projects in the mainland are unsaleable, which means that many people have begun to withdraw early! "
I'm going to fuck you!
Hermann's expression turned ugly, "How much time do we have?"
Williams said brightly: "This is probably the only piece of good news I've gotten. All of them only started shorting in late September!"
"Call everyone to a meeting immediately!"
Twenty minutes later, everyone at the conference room received the bad news with ugly faces.
“So, we are already far behind?
Even Goldman Sachs, the last one to retreat, is half a month ahead of us? "
Everyone just scolded those bastards and threw them aside.
Now their focus is how much time is left to give them a run.
Williams sneered: "Goldman Sachs is indeed the Treasury Department of the United States, and it received the news more than half a month faster than I did."
Everyone's faces became even more ugly.
The giant Goldman Sachs, unlike Morgan Stanley, has always been strong. It took thirty years for the financial crisis of 1989 to recover, and then Goldman Sachs, which was not looked down upon by Morgan Stanley before, rose again.
One of these actions is also the basis for Goldman Sachs' current status. They have been training ministers for the U.S. Treasury Department.
A considerable proportion of Yingjiang's finance ministers have served at Goldman Sachs. Well, the current finance minister was once the CEO of Goldman Sachs.
This relationship makes other people on Wall Street feel jealous and jealous, which is equivalent to the "referees" of the American financial market being people from Goldman Sachs.
A group of people cursed a few more curse words in their hearts when they thought of this, but they immediately put it aside and asked about other people on Wall Street.
Because Goldman Sachs is also a coward now, there must be a lot of bombs that have not been dropped. How many of these were contributed by the guys who ran away first is worth pondering.
But immediately, a group of people put aside these temporarily useless things and turned to care about the situation of others.
"****, interview parther) have not made any moves yet, Deutsche Bank is still receiving a small amount of goods, Merrill Lynch, Bear Stearns and Lehman Brothers are all coming..."
After the analysis, a group of people became energetic. It turned out that there were still so many suffering brothers and sisters who remained silent!
In other words, they can now directly pass the blame to those players who are still ignorant.
When they first discovered the group of people who ran away first, everyone at Morgan Stanley was very upset, but soon they realized that there were more idiots who were unaware, which meant that they had become capable The one who escaped suddenly felt balanced again.
"When we are discussing this issue, it means that we are already ahead. Although we are not the first echelon, there are so many people behind us!"
"Now, we are new hunters!"
"Then what should we do with the tacit understanding that we have maintained before?"
"Hahaha, you are so cute. Has anyone signed any agreement that stipulates that you cannot retreat early? Is it you, you, or you?
See, no one has any rules, so to hell with those damn tacit agreements! "
"This is the funniest joke I've heard this year. It really made me laugh to death!"
"So, I...I think..."
"Yes, it's not just you who wants it, we all want it!"
"Then what are we waiting for? Let's fuck him!"
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