The last day of November passed quickly. Although the past few days made everyone's hearts pick up in their throats, all the predators who had not yet arrived and ran away could only stand on the side of the bulls for the time being. Fortunately, They survived, and now the CDO is still rising by 0.1% per day.
What is very funny is that these predators really, really want to be short sellers, but when they see the bomb in their hands, they can only sigh and choose to go long.
Five days later, the subprime mortgage market seemed to have peaked and began to falter, so some short sellers seemed to be energetic again.
Various gossips began to spread, and the news that certain banks and funds had a large number of dead and bad debts also spread. It was like a bucket of cold water poured on the hot subprime mortgage market, and the situation suddenly became precarious again.
So a group of people in the Black Palace also started to take action, and for the time being they were on the side of the bulls.
On December 7, the US Immigration Service announced that it would increase various immigration application fees on February 30, 2000.
At this time, all the people who wanted to get a green card from the United States were filled with indignation, because after looking at the relevant fees, they found that the immigration application fees in the United States had more than tripled, with the highest individual increase reaching 86%.
But before this group of leeks who longed for a life as a human lighthouse could start complaining, the Black Palace released a new piece of news: all schedules before February next year will be approved.
In other words, anyone who submits the application before February next year can get a green card.
At this time, all the leeks in the Blue Star were boiling. Like a flood, the whole Blue Star set off a storm of submission of "Application for Changing Identity".
All the leeks who yearn for the lighthouse of mankind are working overtime to prepare relevant application materials, just so that they can queue up before February 28 next year.
Finance Minister Paul also made a public speech at the right time. The large influx of immigrants will boost the continued growth of the U.S. real estate market. He himself is full of confidence in U.S. real estate.
Benjamin later said that the White House is discussing the possibility of providing relevant subsidies to non-U.S. permanent residents (people who have received green cards but do not yet have U.S. citizenship), striving to allow every immigrant to obtain a job.
After Benjamin's speech, the five major investment banks on Wall Street immediately stated that they would consider increasing the proportion of certain immigrant groups in future recruitment, and would even provide subsidies to unemployed immigrants.
Following Wall Street, a large number of giant companies such as Silicon Valley IT companies, Ford Motor, and General Motors have issued statements stating that they are considering launching relevant subsidy regulations.
After this combination of punches, the shaky subprime mortgage market began to explode again. The short sellers all looked like their mothers were dead, and a large number of leeks and fat sheep with a net worth of over 100 million also began to rush into the subprime mortgage market excitedly. in the loan market.
Because there are a large number of economic experts and beasts on the Internet who have launched an in-depth interpretation of this set of boxing combinations.
Whether it is increasing the number of green cards issued or providing subsidies to those who have received green cards, not only will more houses be sold, but the ability of poor people who signed subprime loans to exchange money will greatly increase. As long as they can repay the loans normally, then CDO does not have any systemic risks.
As for where the money for poor people to repay their loans comes from?
I don’t know how many hands the relevant contracts in the hands of Leeks and Fat Sheep have changed hands. They also turned a blind eye to such a complicated issue. Anyway, everyone only needs to know that CDO prices will continue to increase.
In the li fund, Rayleigh was furious about this.
"Fuck! When will it collapse?!
Black swan, why hasn’t a black swan happened yet? "
In the past few days, he had gone to see his old classmate, an executive from Standard & Poor's. When he was filled with indignation and said that those 3a ratings were just bullshit, the old classmate just pulled him aside and whispered.
"Reilly, you have to understand us. Even if we don't give 3a, Moody's and Fitch will give it to us. Why not make money if we have money?"
"Then if I want to correct them..."
"We need to add more money... Oh no, this is something that cannot be solved even with more money, because what we are doing is entirely for the stability of the United States.
If subprime mortgages collapse, the giants on Wall Street will also fall, and thousands of companies will be implicated.
You know, the first thing we have to consider is not conscience, but the interests of our clients. Don’t tell me you still have such a thing as conscience after being on Wall Street for so long? "
After that conversation, Reilly was depressed for a long time. He was not depressed because everyone was so unscrupulous. As his old classmate said, after staying on Wall Street for so long, his conscience has long been eaten by dogs. It's like cutting leeks. It's commonplace.
It's just that this time he was also one of the cut-offs, so he was filled with indignation about it. Now he finally understood who their short-seller opponents were - the top group of people in the political and business circles of the United States.
But now it is leaking seamlessly overnight. Not only has the subprime mortgage market been sucked by a set of immigration combos and continues to be hot, but even people from Lehman Brothers have begun to come to collect premiums.
"Mr. Reilly, I think it's time to pay your insurance premium. I hope you can pay it as soon as possible, otherwise we have the right to declare those CDs completely invalid!"
"Damn it, you're cheating!
Obviously the default rate has begun to rise significantly, but the price of CDO is still rising! "
What Reilly said is indeed the truth, because the relevant immigration combinations were released less than two days ago, and most of them were "possible", "perhaps", "under discussion", "we will consider", etc. There was no stone hammer at all. words, but just because of the speaker’s identity, a group of leeks and fat sheep went crazy.
Reilly and many short sellers are very clear about this. This is just trying to spread the pie. A group of people in the Black Palace and many talking heads from giant companies are just talking about it. They haven’t come up with a penny yet, but This also caused everyone to start to regain confidence in US real estate.
He calculated with his fingers that he might not have enough money to pay the premium until January next year. If he quit now, he might still have a few million dollars in capital left, but if he passes the subprime mortgage repayment in January next year If he hadn't collapsed, he would have completely lost, and he would have become a clean pauper.
But as a gambling geek, it was impossible for Reilly to give up the gamble. He was betting that the subprime mortgage market would collapse before the end of January.
He still doesn't believe it. These people are really so awesome and can continue to fight against the market laws of a free economy!
"I'll give you the money, but I'll also keep holding on!"
On the other side, Reinhardt from the ns fund has just paid this month's insurance premium. Unlike Reilly, Reinhardt is completely overjoyed.
Unexpectedly, something went wrong less than a month after he started shorting subprime mortgages. He was originally planning to fight for a year, but now it seems that he will be able to collect money in three or four months?
Even the investors in the fund who cursed him at first have now changed their attitudes and fully supported him.
Well, there was an episode during this period. A certain investor said that he wanted to show the hyenas on Wall Street some color, and then this guy was first accused of tax evasion, and then he got into a traffic accident. . .
At this moment, everyone in the NS Fund understood that they could slowly wait to make a fortune in silence, but they could not do it directly like the behind-the-scenes financier that Mai Ami protested.
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