I'm so angry, but I still have to keep smiling.
This sentence well describes the mood of Bear Stearns President Connor.
Although the house price has fallen, he knows that he must not be timid when facing the host in front of him. Once he shows his timidity, it will be over. At this time, he is accepting an exclusive interview with NBC for live broadcast. All Blue Star does not know how many people are watching him and waiting. He took a stand.
At this time, Morgan, Goldman Sachs, and a group of financial group talkers were also looking at Connor nervously.
You must survive this time!
"Mr. Connor, do you still believe that property-related bonds are worth their current value?"
Kangnai sat on the sofa, with a lazy smile brimming with confidence. He took the host's microphone and opened his mouth, revealing his white teeth, and said with a smile.
"Yes!
My confidence in CDO contracts has always been very strong! "
This time, it was the turn of many melon-eating people in front of the TV to start to doubt themselves, because they had also made a lot of heavy positions, especially those who bought related financial products. Although they did not quite understand the twists and turns, those who had been invented The related financial terms are more difficult to deal with than the last, and they simply can’t understand them.
But one thing they know is that no matter how complex the financial management products they buy are, they are all anchored to the value of the CDO. As long as the CDO falls, they will have to rush out.
There are also many speculators who think they can go short in the short term, and they are beginning to wonder. Are these Wall Street bulls really confident?
Or does I, Yingjiang, have my own national conditions?
House prices have fallen, but CDOs have risen. Is this consistent with the laws of free market economics?
After all, Connor is considered a big shot in everyone's eyes, and now not only Connor is supporting CDO, there are even countless economists from famous Blue Star universities on Twitter who are also supporting CDO. Quite cdo.
For a while, many melon-eaters began to hesitate again.
Here, Connor began to cooperate with the host of NBC TV station while the iron was hot. NBC had also prepared the process long ago, with the purpose of supporting the American real estate market.
"The drop in house prices is just a normal adjustment made by the market when it calms down for a while. The national subprime mortgage default rate still does not exceed 3%, so I don't think this will affect the current value of CDOs. I even think CDOs still have Lots of room for upside.
Regarding real estate prices, I think the adjustment is only temporary, because the immigration policy of the United States will introduce a large amount of market demand. With this new group of consumers joining, house prices will continue to rise sooner or later. In addition, Blue Star has recently improved. The foreign trade environment is great news for all aspects of the U.S. economy.
I even think that the decline in real estate prices may be due to the lower prices of raw materials in Blue Star's construction market. After all, Blue Star's building materials industry has developed rapidly in the past two years, especially in China, where the prices of bulk materials such as cement, steel bars, and plates have increased sharply. A decrease in the magnitude will also cause housing prices to fall.
Speaking of building materials, I think. . . "
The mood of the people who were all Blue Star concerned about this live interview was rising and falling along with Connor's Xia Jiba's nonsense arguments. Although they still didn't quite understand it, they felt so powerful.
At the same time, many big investors breathed a sigh of relief after seeing that the prices of real estate-related bonds in the market were still strong.
This level was temporarily over, and they had time to run away again.
. . .
"Asshole, Connor!
fuck!
I#&%$/%@”
A string of vulgar words jumped out of Rayleigh's mouth. He really didn't expect that he could still give CDO milk back in such a situation.
In order to keep CDO strong, the big guys who have a lot of bombs in their hands are also working hard.
Although they are also shorting CDOs at the same time, they still cannot be compared with players like Goldman Sachs and Morgan who have been running away for a long time and even make a fortune even if they finally explode. They have just started running away!
Now the Schiff family, M Group, and Spectre are completely relieved, and the Schiff family is still scanning the market regardless of the situation, specializing in those CDS bets, waiting to come to ask for money after the explosion.
M Group and Specter thought about it and decided that they could do a little short selling, but if they went too short, they might run into bad guys, and they were also bad guys at the consortium level. They were not like the Schiff family who held shares in the Fed.
Let’s not talk about Group M. As Mrs. M is of Chinese descent, she is destined to meet Lao Lao Lao.
As for the Spectre group, Philip is the oldest and most well-connected person, but on the surface, he can only be regarded as a middle-class member of the military-industrial complex. The others are all newly rising upstarts. The stronger they are, the stronger they are. But if they really meet Apart from using violence, Lao Lai and the others really have no other way to make Lao Lai obediently pay back the money.
That's why Oberhaus has so much resentment towards those established financial groups.
At this time, Lei Li was also tired of scolding, and began to think about what to do, but after much deliberation, he couldn't think of a way. He dared to guarantee that there were other short sellers behind the big news before, and they had strong hands and strength. It's very scary, otherwise it would be impossible for such a second-rate TV station's program to become popular all over the Blue Star.
But even if all the Blue Stars knew that the housing prices in the United States were falling, CDO was not hit hard. Instead, it became even more popular after Connor talked about Xia Ji's nonsense, and housing prices really started to rise!
Lei Li knew that this was the work of those bastards, who artificially controlled the rise in housing prices.
The consequences of this are very serious, not to mention that some poor people who were originally able to repay their mortgages suddenly face the threat of default.
This will also affect all industries closely related to real estate, which is equivalent to killing the chickens in these industries to retrieve eggs for those who want to escape.
But it can squeeze out some time for those predators to run away. As long as they can run away now, no matter what happens in the future, their status in the United States has always been supreme.
Rayleigh also had no choice in this situation where the bulls who controlled the rules of the game wanted to squeeze the shorts.
At this time, he can only look forward to another black swan incident in the United States.
. . .
Qinglong Study Group Forum.
boss: “Black swan event?
Let me think about it, besides the painter team, is there any other suitable one? . .
By the way, there really is a thunder that can be detonated immediately! "
Left hand: "Which one?"
boss: "Madoff, Chairman of the Board of Directors of Nasdaq!"
Bernard Madoff, the legendary Wall Street broker and chairman of the board of directors of Nasdaq, has now created a pyramid-style Ponzi scheme.
Bernard L. Madoff Investment Securities Company was established in 1960. Madoff was very good at creating a mysterious atmosphere for himself. Over the years, he used his extensive network of contacts to defraud investments through the company's secret capital management branch.
Madoff, who was noble and dedicated in everyone's eyes, carefully designed a scam that exposed Chen Yi in his previous life to the tune of $50 billion. God only knows how much.
Well, had it not been for the drag of the subprime mortgage crisis, Madoff would have been able to escape unscathed. Because after the subprime mortgage crisis, a large number of investors were strapped for money and needed to withdraw funds, and Madoff would not be able to continue acting.
Military Advisor: "Yes, why did I forget about him!"
Malatang: "Then let's start taking action right away?"
Boss: "Let's do it, Asheng, let Yuri go!"
Little Prince Hurdle: "Okay."
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