After Lu Shangwen's earned money was put into his pocket, he was still paying attention to the progress of Goldman Sachs' fraud, and with the indictment of Goldman Sachs, many behind-the-scenes things have surfaced. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

The cause of the Goldman Sachs fraud scandal was a mortgage bond, which is a fixed-income bond that packages hundreds or thousands of individual home mortgages together. Even if some of these hundreds of mortgages are not repaid on time, as long as there is not a widespread default, the yield of the entire bond will not be affected much.

This is obviously what these capital predators do not want to see, so they package these bonds together to form a large portfolio. The portfolio is then divided into bonds based on different credit ratings. Bonds with high credit ratings have low returns but are relatively safe, while bonds with low credit ratings are risky and have high returns.

However, Goldman Sachs synthetic secured debt certificates do not even need to be actually packaged, and the return is directly determined based on the performance of the corresponding bond portfolio.

This type of collateralized debenture trader does not actually hold a company's bonds. It is used by hedge funds, investment banks, etc. to bet on whether a company will go bankrupt in the future, so it is completely a zero-sum gamble, which is Goldman Sachs as a money-making big deal.

Paulson also saw a potential crisis in the U.S. housing market and wanted to go short, but no bank was willing to buy it, so he hit it off with Goldman Sachs, who helped Paulson find potential buyers for collateralized debt certificates and allowed Paulson to participate in the selection of bond portfolios.

Both Goldman Sachs and the Paulson Fund are well aware that in bad market conditions, if the buyer of the collateralized debt note knows that the seller they are betting on is involved in the selection of the bond portfolio, then the collateralized debt note will not be purchased, so it has been done in secret.

But even so, few institutions in the market are willing to participate in such a deal, and the German industrial banks they are targeting are not willing to take the bait.

To achieve this, it is important to find a third party that has experience in the selection of bond portfolios from an investment institution that is experienced in secured debt obligations.

So Goldman Sachs began to approach ACA, an independent lender. Goldman Sachs chose ACA on the basis that ACA had represented countless such businesses in the past, which met the requirements of the German Industrial Bank.

So Goldman Sachs, ACS, and Paulson finally sat together, and the Paulson hedge fund ostensibly acted as a trading sponsor.

But the ACA was skeptical of the Paulson's role from the outset, so it never agreed to Goldman Sachs as an independent third party.

In the end, when the Paulson hedge fund and the ACA bargained for the portfolio, the ACA finally compromised, and the matter was mostly settled.

Of course, after all this is done, you have to find an institution to send money, so the German Industrial Bank and the ABN AMRO have become two unlucky people who have entered the United States in search of investment opportunities......

Lu Shangwen couldn't help but smile when he thought of this, Europe is really hurt, Goldman Sachs has slaughtered European financial companies many times, and more accurately, Europe.

And this time, Goldman Sachs finally became an unlucky guy and was slaughtered severely.

Because this time Goldman Sachs is only a civil lawsuit, at most it is a huge fine, and Lu Shangwen also knows that in the end he reached an out-of-court settlement with the US Securities and Exchange Commission with a record compensation of five billion US dollars, but this is only a drop in the bucket for Goldman Sachs, which earned tens of billions of dollars in the subprime mortgage crisis, and because it is a single investment, the blow to its credibility is limited but limited.

But if he pokes out the content of the secrecy clause signed between Goldman Sachs and Greece at such a time, the effect is completely different.

The president of Goldman Sachs has just sworn that "the interests of customers are above all else" on the news of the counterattack against the US Securities Commission, and this time the Greek matter was poked out, and he also wantonly used the Greek customer to make profits, and stabbed him again at such a critical moment, for Goldman Sachs, it is not one plus one equals two, giving people the impression that Goldman Sachs is always doing such things to pit customers.

Just now, Goldman Sachs is still shouting that "the interests of customers are above all else", which is particularly ironic, which is equivalent to the moral bankruptcy of the enterprise, which is a heavy blow to Goldman Sachs' reputation, especially in Europe, which hated Goldman Sachs before, and was even more angry at this time, from the Prime Minister of the United Kingdom to the Chancellor of Germany and the President of France condemned it in unison.

Of course, Goldman Sachs will also lose a large number of national clients, including those around the world.

This is a move that Lu Shangwen has prepared for a long time, of course, everything is carried out in secret and top secret, not to mention Nicole, Lady Maidey, Lu Shangwen didn't even tell Xiku, even if the Goldman Sachs guys hate him to death, they can't find him.

The reason why Lu Shangwen is so cautious is that he knows that such a blow is still not enough to crush Goldman Sachs, the giant of the world's investment banks, as long as he maintains enough profits, Goldman Sachs will not care about this at all, and he is still a little ant in front of Goldman Sachs, and he will never do this stupid thing of an egg hitting a stone.

Of course, there is a reason why Lu Shangwen has such a heavy grudge against Goldman Sachs, Goldman Sachs has done a lot in the European Cup, and now there is nothing worth doing for the time being, and the target will be China this time.

In fact, Goldman Sachs slaughtered more companies in the mainland, made greater profits, and made a lot of money in China.

Carefully setting up a game in the resource futures market and betting against Chinese companies is a small trick that Goldman Sachs frequently plays.

From China Aviation Oil to COSCO, from China Southern Airlines to AVIC and other enterprises engaged in overseas futures exchanges, the "black hand" of Goldman Sachs is inseparable from Goldman Sachs, which uses all the tools it can use to suddenly sing down and suddenly kill, and its purpose is one - to make a profit. Singing down is often a signal to "enter the market", and killing is a harbinger of "leaving" after having earned a full vote, and Goldman Sachs is as frequent as Goldman Sachs in finance, industry, real estate, etc.

Since the financial crisis, Goldman Sachs has also been shorting China remotely in the curve in order to obtain leverage from the downturn in China's economy. Lu Shangwen remembers that Goldman Sachs will short the Chinese stock market at the end of this year, and the Yankees just warn these bloodthirsty financial institutions not to have any illusions about the US government strangling these institutions, public opinion on the European side has been mobilized, and these things still have to be reminded of the country through certain channels, so that Goldman Sachs can steal chickens and rice, and give him another blow, and he will gradually join the game, not only to make Goldman Sachs' money to further weaken it!