As early as mid-February this year, the subprime mortgage crisis in the United States surfaced, and many local and foreign banks correspondingly increased bad debt provisions for their subprime mortgage business in the United States. Pen "Fun" Pavilion www.biquge.info

For example, HSBC Holdings, a subsidiary of the HSBC Group, has increased by $1.8 billion at one time, and will invest again as the situation develops. And Countrywide-Financial-Corp, the largest subprime mortgage company in the United States, has also gradually reduced the issuance of loans.

The so-called subprime mortgage loan refers to the loan provided by some lending institutions to borrowers with poor credit and low income. The difference from the traditional standard mortgage is that the subprime mortgage does not require much of the borrower's credit history and repayment ability, and the loan interest rate is correspondingly much higher than that of a general mortgage. Those who have been denied a quality mortgage by a bank because of their bad credit history or weak ability to repay will apply for a subprime mortgage to buy a home.

However, due to the high-risk and high-yield characteristics of subprime mortgages, banks and lending institutions will package subprime mortgages into subprime mortgage bonds (CDOs) and sell them to other financial institutions in order to reduce risks, and these institutions will package and sell subprime mortgages to insurance companies, hedge funds and other institutions in order to reduce risks, and finally sell subprime mortgage risks to the world.

Due to the high interest rate, this thing has become a popular investment product as soon as it was launched, and many investors have bought it. Corresponding to this is another contract called "CDS", commonly known as credit default swap, which is actually an insurance product in the final analysis, and the purpose is that once the CDO is at risk, the financial institution or bank that issued the CDS contract will have to come up with the corresponding funds to compensate.

In the early years of China, there was such a thing, usually issued by insurance companies called guarantee insurance, but the Americans are bold, often billions of dollars of guarantees, so once there is a risk, it is impossible to eat and go around until bankruptcy and liquidation.

In the second half of last year, Chi Mingzhe instructed Martin in New York to pay more attention to the trend of the real estate market, and try to buy CDS contracts in the financial market that are currently seriously undervalued through his "Atlantic Fund".

So on how to "make money" in the financial crisis, Chi Mingzhe set the tone, the Atlantic Fund shorted the CDO in the financial market, and acquired a large number of CDS that were not taken seriously, and also shorted some investment banks and company stocks in the name of offshore companies, as for which ones, Chi Mingzhe just said some names on the phone, and Martin on the other end was stunned.

Bear Stearns, New Century Finance, Deutsche Industrial Bank, American Home Mortgage Investment Corporation, and BNP Paribas are still preparing to do it in advance, and then Merrill Lynch, Goldman Sachs, Lehman, Freddie Mac and Fannie Mae These financial giants, Chi Mingzhe did not say it explicitly for the time being, otherwise Martin Baoqi would think he was crazy.

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There is also a reason why Ji Ming-cheol came to Jeju Island on a business trip, because the US Department of Defense issued a huge employment contract to his "Peace Dove" security company, which was used to hire those soldiers and ruffians from all over the world who wanted money and did not want to die, and went to Afghanistan and Iraq to cooperate with the US military in maintaining law and order and conducting special operations.

Therefore, he came to the island to inspect the mercenary base in Halla SD North Point, and by the way, he discussed with the base commander Liszt about sending troops.

Before that, Bush Jr. spoke with him on the phone, and Chi Mingzhe said that for the great goal and ideal of realizing global common prosperity in the United States, when he did his best to die, the two also discussed the issue of employment prices for more than an hour, during which the rudeness and fierceness of the words were indescribable, but fortunately, Bush Jr. finally gave the American taxpayers the indignation and set a remuneration of three billion US dollars, and also asked Chi Mingzhe to send more people to closely watch everyone's oil exploration bases in Saudi Arabia, because the Middle East began to be chaotic again, and he was not very worried about those Saudis, after all, they had been pitted。

Among his words was disappointment that the United States' "peace" efforts in the Middle East are not meeting expectations. This time, the US military not only hired soldiers under Chi Ming-che, but also placed "orders" with many mercenary companies around the world, and the Americans' life in the Middle East was really difficult, and every day there were soldiers who were loyal to the country, so that those anti-war people were looking for trouble with the government all day long.

Chi Mingzhe expressed deep sympathy for this, and also expressed his condolences for the US servicemen who died in the Middle East, and then once again stressed that the officers and men are shouldering heavy responsibilities and the workload is extremely huge, and they must increase some welfare benefits in order to be energetic and energetic in "fighting" against the incoming enemy.

Chi Mingzhe, who knows that Iraq and Afghanistan in 07, and even the entire Middle East is a deep pit, the reason why he "generously" sent his soldiers to the Middle East to die is also to add insurance after earning money in the subprime mortgage crisis.

It is impossible for the "Atlantic" fund, which is the object of Wall Street's attention, to completely block its own movements, so if he wants not to be injured by the "dark arrow" afterwards, Chi Mingzhe also plans to pull Bush into the water.

"Measure the material resources of the United States, and put the joy of your own pocket"

I think George W. Bush will not refuse.

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"Oba ... Hyun's head is dizzy。。。 Oba... Come on... ”

Xiaoxian was drunk, not because Juli and Baolan poured her wine later, but because she took the initiative to provoke her at the dinner table.

As a result, when she was helped by Baolan to walk in the back garden of the hotel, she put aside her usual image of a good girl, became "lively" like a normal girl, and looked back from time to time at Chi Mingzhe, who was supporting Juli behind her.

Li Juli may have accompanied Xiaoxian one cup after another because of "guilt", and both of them showed signs of extraordinary performance, but they were immediately stopped by Chi Mingzhe and Baolan, but she was also a little drunk.

The accommodation was arranged by the hotel's room director in the villa area in the back garden, Li Juli, the proprietress of the hostess, naturally has nothing to say, the hospitality specifications are naturally the highest, the key is the arrival of the boss of the pool, so that the management of the entire hotel is happy and quite strong.

Entering the private rooms of the restaurant one by one, greeting and asking for instructions, as if not showing up in front of him would be a lifelong regret, of course, this is the situation before dinner begins.

"Alright。。。 Sage! It's coming soon... Hey, be careful!"

Baolan is a little struggling, who makes her not as tall as Xu Zhuxian now?

“。。。 Ernie ... Shall we drink it later?"

"Still drinking?。。。 Oh, yes, just go back to your room and drink, okay!"

"Hmm。。。 Hee-hee! Ernie is so nice... Huh, how come there are two Ernies... ”

Xiaoxian looked already drunk, and Baolan could only follow her.

"Bang。。。 ”

The door of the villa was closed by Chi Mingzhe with his feet.

Then he helped Juli to put her with Xiaoxian, who was already leaning crookedly on the sofa in the living room.

"I'll pour them some water!"

"Hmm。。。 I'll wring a hot towel!"

Chi Mingzhe and Baolan got busy.

。。。。。。

Unscrewing the purification faucet, Sapphire stood in front of the sink and followed carefully, while Chi Mingzhe was rubbing a towel with hot water in a bathroom, and looked at himself in the mirror of the dresser, he suddenly found that he had a few gray hairs on his sideburns.

"Tsk。。。 Grow old and decrepit。。。 Hiss!... ”

plucked the white hair off fiercely, threw it into the basin without hesitation, and watched it slowly be carried away by the water.

The thirty-one-year-old Chi Mingzhe has a sense of urgency, and he feels that his previous "hard work" should be over, and he will be old in a blink of an eye if he doesn't enjoy life well.

Taeyeon, Yoona, so-yeon, etc., the beautiful and lovely faces flashed in their minds, and the delicate looks of Ji-yeon, so-jing, and so-zy also appeared.

"Alas! I was born early... It would be nice to be a few years late。。。 What a post-80s generation!"

He "scratched his head and posed" in the mirror, and the emotion in his mouth was not the first time.

"Oba ... ”

"It's coming!"

Sapphire Blue's voice interrupted his thoughts, and he grabbed a towel and walked out of the bathroom.

。。。。。。

"It's sweat all over my body... Oba... ”

"Huh?"

Ji Mingzhe, who was wiping Xiaoxian's cheeks, turned his head.

Sapphire Lan held Julie's shoulders and was feeding her water.

"It's better to let them take a shower... The clothes on my body are all wet!"

"Take a bath... I'm going to take a bath... Oba... Help me take a bath... ”

Xiaoxian's drunkenness seems to be really different, this kind of thing usually she doesn't say easily, even if she is already very close to Ji Mingzhe, but when she whispers in private, she will still look very shy.

"Wash together... I also want you to wash it for me... ”

When Juli heard that she was taking a bath and that she didn't drink any more water, she stood up and staggered to take off her clothes.

"Yike。。。 Juli... ”

Sapphire Blue's dissuasion was already fast, and Ke Juli's movements seemed to be faster.

The T-shirt was taken off, and the full and straight chest was wrapped in the underwear with a little shaking, and the sudden spring light was immediately a little dazzling.

"Hey?。。。 This girl... The action is numb... Let's wash together!"

Hearing his words, Baolan opened her mouth, but it was nothing to think that it was all "my own family", anyway, it was not once or twice that "sincere meeting".

Just glanced at Xiaoxian, and she looked at Ji Mingzhe with an inquiring gaze.

"I'm taking it off too... ”

Xiaoxian was also "refreshing", as if he didn't want to make Sapphire Holney "embarrassed", and also stood up and prepared to take off his skirt.

"I'm here to help you... ”

Julie was very helpful.

"Let's go upstairs first... Wait a minute, huh?"

opened his mouth to coax, Ji Mingzhe stopped Xiaoxian and Ju Li, and went up to the second floor together with the help of Baolan.

。。。。。。

"Hee-hee。。。 ”

The bathtub in the upstairs bathroom was quite large enough for four people.

Xiaoxian was in Chi Mingzhe's arms, not sowing the petals floating on the water, but Baolan and Ju Li leaned on her, so that they could take care of her at any time.

"Whoa。。。 ”

Julie moved over, and a lot of the splashes splashed outside the bathtub.

“。。。 Hugs!"

She's here to be coquettish.

"No... Oba is mine ... ”

Xiaoxian "protected the food", and also started a "competition" with Ju Li, and then frolicked again, and splashed water on each other to play.

"Yike。。。 Belch!... ”

Baolan couldn't stand it anymore, and was about to make a move but was pulled into his arms by Chi Oba.

Is she a "fisherman's profit"?

"Let them play!"

"Hmm!"

Baolan hooked his neck and hugged Ji Mingzhe.

Ban Yu,

“。。。 Oba!"

"What's wrong?"

was paying attention to the two girls who were playing, and there was a whisper like a royal blue murmur in her ears.

"I miss it!"

A hand in the water crept between his legs.

"How much do you want?"

"I would like to... ”

The breath of the royal blue is a little scorching.

“。。。 I'll feed you later, huh?"

As he was saying brazen words, Ji Mingzhe felt as if the bathroom was quiet.

Turning his face again, Xiaoxian actually hugged Juli and fell asleep on the edge of the bathtub together.