Let's talk to you, starting with the news I received today.

I believe that those who follow this industry know that what has happened recently, many websites have been rectified, many books have been blocked, and many authors have really returned to the pre-liberation period overnight.

I received the news today, self-check, we check all the chapters by ourselves, followed by the website check, once it is found out by the website, the book is light, and the manuscript fee may be gone.

So in the next few days, I will focus on checking and ensuring two updates, because there are so many chapters, I have to check them all, and this workload can be imagined.

I don't want to write so much, and suddenly wake up and the books are gone, the money I worked hard to earn is gone, and you can't read it, it's a lose-lose ending.

Let's talk about the book again.,The plot has entered the second half.,I originally designed to write this year as the focus.,Now I don't dare to write it.,Natural and man-made disasters.,In case it's investigated.,It's not good.,Can't do it.,Just skip it directly.。

The later chapters are mainly leaning on the emotional line.,Slowly ended.,I originally estimated that September would be almost over.,Now it seems,It may be earlier.。

I will try my best to reduce unnecessary water, full of dry goods, hand over a perfect ending, to say a word from the heart, the plot behind is still very interesting, life, ups and downs can see the truth.

Finally, let's talk about the subprime mortgage crisis, I have checked so much information, and it is not in vain, of course, I have checked some skins, you can communicate with them.

The subprime mortgage crisis originated in 2000 because banks and insurance companies lowered the barriers to entry and regulatory failures.

Banks lend a lot of money, beggars can take out loans, many people do not have stable jobs, have no ability to repay, buy a villa with a down payment, buy a luxury car, and live a chic life.

At the beginning, these people can still repay the money, but then they can't pay it back, just like you buy a house with a 30% down payment, the real estate is fake, and you take loans, which is a typical financial regulatory failure.

The bank ate the interest, the insurance company sold a lot of insurance, and these people took the credit card again, and every time they paid their salary, their left hand turned into their right hand, and they began to toss.

And a lot of lending, causing housing prices to soar and high bubbles.

As we all know, the risk control of banks is controlled below 1 percent, and if the risk control exceeds 1 percent, it is time to be laid off.

In the end, there was a large-scale default in 06, and the gang couldn't pay back the money, and the bank released trillions of dollars, and they couldn't get it back.

The housing bubble has been punctured, it has depreciated like crazy, and the house is no longer worth anything.

The bank's capital turnover is not open, the bank itself does not have much money, it is all depositors' money, wealth management funds, etc., forming a chain reaction, retail investors began to withdraw, which became the last straw that crushed the bank.

What does the failure of a large bank mean?

That is, countless people go bankrupt, and the enterprises that rely on borrowing to survive have to go bankrupt, and if the dominoes fall, then they all fall.

In 2007, the first bank, Lehman Brothers, collapsed, and then the global crisis erupted, and the Federal Reserve cut interest rates frantically, bringing them to zero in a matter of days, freeing up a lot of money to save the banks.

Once the enterprise finishes the calf, the employee will naturally finish the calf, and there will be no salary, and the chicken feathers will be consumed, not to mention that the United States is still the world's largest consumer market.

The reason why it affects the world is because of dollar bonds, and all that money is turned into bonds, and when they are sold to other countries, it is equivalent to someone wiping their butts for them.

As soon as the dollar fluctuates, oil fluctuates, the exchange rate fluctuates, and then all of them dare not move.

Then there is the collapse of stocks on the New York Stock Exchange, which affects global companies, and the chain reaction is coming, and in less than a year, foreign export trade has fallen by 70%.