Chapter 387: Fermentation
Among so many short orders, Ye Dongqing's Freshwater Investment Group and hedge fund division are the main force.
They have been preparing since yesterday, and when Ye Dongqing, the boss, is preparing to be the savior of the world economy, they borrowed as many shares of the three major credit rating companies as possible to sell and cash out, waiting for panic in the market.
If it was something else, such as insider trading, tax evasion or something, it would have passed with one eye turned a blind eye, but this time some people have a bit of an inch, such as a few credit rating companies that do not hesitate to destroy their reputations in order to make money, such as subprime lenders who fall into the eyes of money.
Except for Ye Dongqing, no one really sees the potential risks here?
Of course not, for example, commercial banks that provide subprime housing loan business will not stupidly wait for users to repay the loan for a long time, but choose to package these subordinated loan contracts, ask credit rating agencies to give high ratings, and then resell them to other investors, passing on the risk and making a profit from it.
Because there is no shortage of people to take over, these financial institutions that provide subprime loan business no longer strictly review the qualifications of borrowers as before, and even a street girl with a very unstable income can buy a few houses in New York, and such subprime loan contracts are also marked with high ratings, bought by other institutions, and are getting bigger and bigger like cancer, which has reached the point where Ye Dongqing feels quite dangerous, and the scale is worth trillions of dollars.
If it is like the previous life, and the economic crisis is brewing in the end, the culprits are still rich, but the ordinary people in the middle class may lose everything, which makes Ye Dongqing think that it is necessary to help them, and also help the world economy that has only improved with great difficulty.
......
New York.
The per capita GDP is about to exceed 100,000 US dollars, and one-tenth of the world's top 500 companies are headquartered here, and one-third of the top 500 companies in the United States are headquartered in Manhattan.
Nearly 6,000 high-rise buildings and cars crowding the streets together create a dazzling night scene of the metropolis.
Ye Dongqing was born here, and he has long been used to all this, and he is sitting in the car and leaving from the door of the Waldorf Astoria Hotel at this moment.
Before leaving, he asked people to say a word to the old Jew who spent half a million dollars, and there was only a simple "Yes", which was regarded as an affirmation of the next trend of the Nasdaq Internet sector and answered the question raised by the other party.
Before going home, I turned the road to a burger restaurant, I ate it once before, I liked it, it closed down at that time in 2016, but now it's still there, I have seen more dead people "resurrected", and I have seen more vicissitudes of life, more than two years have passed, he knows how to deal with this feeling of disconnection between memory and reality, packed and bought more than ten hamburgers and distributed them to the bodyguards, and then continued on the road after eating in the store.
If it was last year, he might have lived in Puchuan Mansion occasionally, but now that there is a baby in the family, he can't help but worry when he can't see it......
If you choose to go to the center of the storm of public opinion, there will definitely be trouble.
If you just talk about it at the seminar and don't follow up further, most of the big things will be turned into small things, and the strength of so many vested interests in the subprime mortgage industry chain will not be weak after being twisted into a rope.
Since Ye Dongqing decided to disclose this kind of news, of course, he has already thought of a follow-up move, and when he made his remarks, there were several media people on the scene, including the "Wall Street Journal", "New York Times", and "Los Angeles Times", all of which have a very good relationship with him on weekdays.
It doesn't matter if they encounter resistance, because one of the bodyguards has already recorded the video, which was uploaded to Youtube that night, and people from several TV stations have been contacted to follow up, and they will not be wiped out.
The follow-up things have also been thought about, Ye Dongqing is shorting these credit rating agencies, trying to make money while also creating an image of coming out in order to make money, although it is also easy to attract hatred, at least it will not be more hateful than deliberately making trouble, and they are only to blame for being too black-hearted and caught by their little tails.
The scandal was rapidly fermenting, and on the same day, many well-known editors-in-chief called to inquire about the specific situation, replied one by one, and conveyed their attitude, and the next morning, when the newspaper was delivered to people, it instantly caused a sensation on Wall Street!
Subprime assets, which are held by the vast majority of Wall Street firms, know that only a fraction of the ratings are watered, and they now feel like they're holding some kind of ticking time bomb.
If it weren't for the Saturday holiday, the subprime mortgage market would have been a mess today, and the credit rating agencies would have suffered.
The storm is coming.
Ye Dongqing opened a corner of the curtain, but on Saturday, he was like an outsider, getting up on time at seven o'clock, then eating breakfast after exercising, reading the newspaper while eating, keeping his laptop at hand, and discussing the development of Taobao with Jack Ma through a video chat program.
Probably hearing the news that Tencent will be listed on the NASDAQ this year, Jack Ma was a little anxious and asked about the specific process and possibility of listing on the NASDAQ.
The reason why Tencent went public so early, is mainly to force MIH Group to cash out, and then take the opportunity to expand its shareholdings, he will not tell others about this little abacus, just say that for the time being, the top priority is to continue to expand market share, in fact, these shares are almost all Taobao, there are few decent competitors, and they are about to be taken down.
Tencent's current e-commerce business has just started, and the first logistics warehouse has been built in Pengcheng, which will take two months to officially put into use.
After coping with the chat, Ye Dongqing was almost full, went upstairs and walked around with the child who had just taken a bath, and went for a horseback ride after teasing, enjoying the rare comfortable weather, it just snowed a few days ago, and today's temperature has risen, and most of it will fall again, so before spring really comes, it is better to take the opportunity to enjoy it first.
The phone call one after another, most of them are asking about the subprime mortgage, no one pays attention to the life or death of the credit rating company, what really affects their interests is the subprime mortgage contract in their hands, originally thought to be a high-yield and stable asset that can be trickled for a long time, but suddenly found that there are huge hidden risks, and it is strange not to worry.
I was annoyed by the reply, so I removed the phone battery and put them back in the pocket of my down jacket, wondering if I should go to a warm island to be chic and comfortable for a while.
At the end of last year, I was thinking about my children, and I didn't think about traveling at all during the Christmas holidays......
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