For William White, what he has seen and heard these days is indeed a bit subversive of his cognition. It turns out that rich people play like this!

But don't you feel the danger lurking?

There is a class, but if you can go down and not go up, this stagnant class, sooner or later, it will become rotten.

The economy can't be allowed to collapse, the Fed's proposal to bail out Brazil has just been introduced, and then Peanuton recalls the old story, in order to make the country greater, everyone should have a decent home.

Or it's a coincidence, or there's a providence in the dark. Coincidentally, the big rabbit on the other side of the Pacific Ocean also took a fancy to this sharp weapon.

"Gradual easing of credit? Is this possible?" William White shrugged and swung his club lightly, and a small white ball staggered straight into the gutter.

"Shit, Warren, what did you just say?"

Seeing this annoyance and shame, Buffett didn't care. In fact, he thinks it's a posturing. White Bank, is not keen on subprime mortgages, in fact, they prefer mega financing.

Obviously, the old guy is wrong, it's one thing for White Bank to not be keen, it's another thing to loosen credit ratings at the policy level.

The United States is a contract society, so if you evaluate a person's credit rating, it becomes a top priority.

FICO, the credit rating company of the United States, if an individual needs to deal with a bank, this score is a very important indicator.

With a maximum score of 850 points, reaching or approaching this value, you will definitely have very favorable conditions when you go to the bank to get a loan.

A score of 620 is a watershed, and if you fall below this score, it will be difficult for you to get a loan, and even if you do, the interest rate will rise by 2 percentage points. Over the years, this scoring system has actually been good, and for bankers, it has really reduced their operational risk.

What did Warren Buffett just say?

They intend to adjust appropriately.

Damn, if you do this, the bank's bad debts will increase significantly, are you really sure, this is a good idea?

"Ahem, William, due to the Asian financial crisis, banks reduced subprime mortgages, you know, the number of new home constructions, has been declining for two quarters in a row. ”

"Ha, you can't tell me this, I won't object, but I won't enforce it.

I will ask the think tank to recalculate, and if you say that a high-quality loan is a high-quality loan, I will not admit it. ”

Buffett sighed secretly, he kind of figured it out, William White's risk aversion is increasing, not to mention any subprime loans, if you plan to move this scoring standard, he won't even agree with high-quality loans.

Then, the role that the Federal Reserve can play in opening the floodgates and releasing water is bound to be greatly reduced. The reason is clear, there are definitely not a few banks that think like this guy.

William White looked at Buffett, and he was really a little out of anger. You bastards, do you know how big a pit subprime loans are, and if there is an accident with high-quality loans, buddies should not be mixed.

"Warren, don't they think that a proper tax cut is actually more effective.

In other words, the Fed could cut interest rates again. ”

"Tax cuts?" Buffett was speechless, you don't look at what Lao Ke has done, and it is impossible for the United States to have a surplus in its finances for a long time in the future.

"Well, when I didn't say, what kind of medical insurance, I can only say that the current tax system is simply unsustainable. ”

Buffett smiled and didn't speak, and began to toss his club. William White, even if he fell into the ditch, was at least five shots ahead. This is where he is depressed, or, rather, where many people are depressed.

Long-term capital companies, just made a small mistake, and the result was that they fell apart. If Tiger Fund hadn't been liquidated in time, it would have basically died by now.

Look at this tsundere bastard opposite, he does have the capital of hubris.

What if he loses, as long as he doesn't lose all the time, who can help him not succeed.

Other people's entities have turned into virtual ones, and the allocation of heavy assets has been reduced as much as possible. And he, obviously, was already planning to accept it when he saw it.

You see, I'm no longer gambling, how can I still lose. It's you old guys, the highest is to be more leisurely, in case you are caught by this guy, rest assured, you will die worse than pigs.

The routine of this group of bastards, William White still understands. The current market situation is not good, it is useless for you to push subprime loans, and no banks dare to go into the water at all.

So, let's relax the rating of high-quality loans first. Let some people who are not eligible for loans become high-quality loans. When the economy recovers, then you can move on to the next step.

The bank only needs to lend out the money, and the rest is simple. Due to the very thorough securitization of the United States, such high-quality loans eventually turned back into bonds and circulated among banks again.

It's a good idea to be economically. The money that banks actually have in their hands far exceeds the actual deposits.

In case of......

Then hold it together, the bank is unlucky, and the guarantee company is unlucky. If it's a little more serious, the insurance company will also go to the street. William White was scolded, you bastards, this is the kidnapping of Peanuton in Hongguoguo.

The indiscriminate issuance of currency is already a disaster. The Fed believes that this is not enough, and the money printed must be used up to applaud. If you all throw it in the bank, why does it want to print so much money?

Personal credit ratings don't seem to be a big deal, right? Is it that exaggerated?

As I said before, rice is a contract society, that is, a credit society. Do you know it, this score has been improved, which is actually the same as the score of a certain Fubao sesame.

The higher the score, the higher your credit rating, the lower the loan, and the more money you get.

If you don't buy a house, don't you use a credit card? You should look at it this way, it's stuffing money into everyone's wallet.

For the ordinary people of the US imperialists, this Nima is a salary, originally 3,000 credits, but now 5,000 credits, then, don't buy back the car you like first.

In order to promote consumption, Greenspan also fought. It's not even hard for William White to guess that this damn plan, within the Mi Fed, is also controversial.

Replace a possible crisis with a crisis that is bound to erupt. The guy who can come up with this bad idea is also capable.

Warren Buffett left, although the conversation was not very successful, but he finally figured out the attitude of this guy.

Don't support, don't oppose, or in other words, under the general trend, if you want to oppose it, you must have the corresponding strength.

"Can't figure it out?"

"Ahem, boss, if you do this, White Bank will lose a lot of customers.

We don't have many credit card users right now, and it's really hard to explain to customers if we don't have preferential measures. ”

"I don't know that this incident makes me feel very bad. Filson, if there is severe inflation, will the current conditions be narrowed again?

Alas, in the end, I will go with the flow, and as long as this group of things is determined, I will only be forced to accept it. ”

For William White's caution, Filson was somewhat unimpressed. As long as you dare to relax, I will dare to increase the loan investment. This kind of thing, in the end, all of them are packaged and sold.

Hehe, even if systemic risk occurs, it will be the pot of the Federal Reserve and AIG. I don't know what the boss is pretentious, it's really a little inexplicable.