Chapter 227: The Subprime Mortgage Crisis

Brie's best friend's godfather......

Don't be your dad at the end, right?

Tang Juexiao, who didn't know Brie at all, and felt that Britney Spears was 10 times more famous than her, had a rare online look up Brie's information.

Brie lived with her mother when her parents divorced when she was a child, and rarely talked about her father......

Oh, that's not it.

In fact, Tang Juexiao doesn't care about Hollywood, otherwise he would definitely know Brie, a genius girl.

A 17-year-old woman can't be a movie star, this is a very reasonable thing! Only when her acting skills are slowly honed to a certain extent, and being a heroine will not easily let investors hit the street.

If Tang Juexiao is very concerned about Hollywood, he will find that Brie is really a genius, and a genius with a bit of a quirky little personality......

is not Brie's father, Tang Juexiao can not think about friendship at all, and only look at the other party's ability.

As soon as he incorporated three studios, Tang Juexiao immediately asked this managerial talent to be called Ma Long, a very gentlemanly middle-aged man in a suit.

Tang Juexiao asked him some simple management questions, which were the problems that Tang Juexiao encountered, and the final answer of the other party was of course much stronger than Tang Juexiao.

"Strange, Mr. Malone, you're much higher than I thought. ”

"I used to be a middle manager at Universal Studios. Malone puffed out his chest.

"Then why come to me now. ”

Tang Juexiao felt weird, as long as he had a manager who could manage 100 people, a company as big as Universal Studios was enough to have a grassroots leader.

In Ma Long, Tang Juexiao saw pride, but also embarrassment......

was asked by Tang Juexiao, and it seemed difficult for him to speak......

"I went bankrupt, and then the company laid off employees, and I was the one who was laid off. ”

"Bankruptcy, the economic situation has been very good recently, and the stocks I bought are going up ......."

Crit!

Ma Long seemed to want to beat Tang Juexiao, but finally endured it and said, "You are buying IT stocks, right?"

"yes. ”

"That's right, because the U.S. economy is going from real to virtual, and I think it's going to be at least a decade long. ”

"Hungry" and "Beauty" are two companies, Hungry is throwing money very hard, the whole team is young and energetic, and many people are willing to invest in them.

However, "Mei" has a more perfect company structure, experienced veterans, and energetic young people, which is the team that competes for the championship. "Hungry" is more like a team with good stats and all kinds of problems after barely making the playoffs.

Tang Juexiao recently discovered a problem, his team is too young, and he wants some veterans.

Ma Long and Tang Juexiao explained his past.

He was a middle-level administrator at Universal Studios, and he also invested in things, he invested in real estate, and as a result, the subprime mortgage crisis broke out, and he went bankrupt. And then giants like Universal Studios were also implicated and had to lay off employees.

Tang Juexiao only vaguely knew that the subprime mortgage crisis was mainly related to real estate, but he didn't know so much about it.

Ma Long and Tang Juexiao explained......

First of all, banks are usury, vampires, creditors of people. People put money into the bank, and the bank lends money to the real estate developer, and the real estate business uses it to build the house. And people can borrow money from banks and take out loans to buy houses.

What the hell, the bank doesn't seem to have done anything on its own? Did the bank pay the capital?

In the same United States, the meaning of houses is different in different places, Tang Juexiao lives in the campus area, which is different from the slums. Tang Juexiao lives here, which belongs to the area of high housing prices, and people will take out loans to buy houses here.

That's right, young people in popular cities are asking their parents for money, plus loans to buy a house, not everyone can afford to buy a house on their own.

If you take out a loan, you have to repay it!

As soon as the bank sees that the economic situation is not good, it is over, and these young people are going to cheat me? No, I want to transfer the damage.

So the bank packs all kinds of loan baggage and sells it in the form of bonds, such as getting repayment at the end. For example, if the bank sells a loan burden of 100 yuan for 80 yuan, and finally makes a profit of 20 yuan, which is a 25% profit for the principal of 80 yuan!

Such a large profit is toxic at first glance, but think about it, there are so many accountants, actuaries, and engineers in the United States, it is impossible to be unstable!

Some people may pay dollars to buy these bonds.

When the bank gets the money, it can lend money to real estate developers to build houses, and take out money to lend money to young people who buy houses......

Buy the bonds again, lend them to others!

The person who repaid the loan originally worked 8 hours a day, 5 days a week, but then had to work 6 days, voluntarily working overtime, and finally worked overtime until 7 days......

When I worked overtime until the eighth day, because there was no eighth day, I went bankrupt, and the bank took the house and put it up for auction.

In the end, everyone was hurt, including all kinds of businessmen, people didn't even have the money to buy a house, what goods were they expected to buy?

And the bank, if you think about it, seems to have never paid for it......

The real estate developers invested by Ma Long are not right, in fact, there are really not many stable real estate developers, and whether they are stable or not depends on the stage.

This wave of subprime mortgage crisis has caused $20 trillion in economic losses to the world, and there are financial experts who rely on extraordinary means, just like a junior high school student to a primary school student, and emptied the money from many people in a few clicks, and he is legitimate, and you lose because you are incompetent.

And this game can't be left unplayed......

Tang Juexiao said: "Then the problem is, Mr. Ma Long, your ability is not weak, and you have your own social circle, I will not give you a particularly high salary, you can go to find other jobs! Is it because of the introduction of your daughter's friend?"

"No, I asked you before, the stocks you buy are all IT?"

"Yes. ”

"The housing price problem, if there is such a time, people will remember it in ten years, and people will not invest in this ten years. In addition, in my opinion, the traditional manufacturing industry is also a serious problem, cost, labor, fuel consumption, taxes, these rise is difficult to fall, and it is not worth studying too seriously. Therefore, people nowadays believe in IT and are willing to invest in IT...... I'm thinking that maybe in the next 10 years, the U.S. economy will turn from real to virtual. I'm 42 years old, which is not too old, and I think I could get a comeback from you. ”

Tang Juexiao suddenly woke up to the fact that the other party was investing in himself!

Dad Fu invested in him with money, and Dad Fu thought it would be rewarded.

And Ma Long in front of him is also investing in him, using time, energy, experience, and connections. What he wants is the same as Fu's father, and he wants to reciprocate.

After reading his resume before, Tang Juexiao suspected that this was a fraud, right?

Just like there are often a bunch of veterans in the NBA free market, at this time the subprime mortgage crisis in the United States broke out, the financial avalanche, companies, machines, veterans, everything!

Unlike the NBA, the strength of NBA veterans has dropped significantly compared to the peak, and there are few who can play.

And the veterans of the mind, the older they get, the more popular they are. If it weren't for the subprime mortgage crisis, people at this level probably wouldn't look down on the current Tang Juexiao.

"It was a pleasure to work with. ”

"It was a pleasure to work with. ”

……

[Finally, it's finished...... It's so late again, I feel like I'm going bald......]