At this point, Austin paused, then took one of his wife's hands, rubbed the back of his wife's hand, and continued with a smile —

"At that time, in order to quickly start the real estate industry and become the driving force of the entire domestic economy, the government adopted the method of lowering interest rates and down payments to regulate the market. As a result, the federal interest rate in the United States has been lowered from 6.5% on January 3, 2001. At its lowest, on June 25, 2003, the federal interest rate was even lowered to 1%. For almost all three years, from November 2001 to December 2004, federal interest rates remained below 2 per cent. And in 2004, in order to attract low-subprime mortgage people to join the army of home buyers, the government joined forces with the 'two houses' and implemented the 'optional adjustment rate loan', allowing buyers to buy houses beyond their ability to repay. As a result of these actions, there will inevitably be a lot of bad debts in the end (unless the house price is always rising, and the subprime buyer can sell the house to pay off the loan and interest rate). ”

When she heard this, Pei Pei couldn't help but interrupt her husband's words and interjected to ask, "Don't you always say that you are the elite of Wall Street?" Since you know that there will be such a strict consequence, are you Wall Street elites all eating dry food? Just watch the formation of a real estate bubble in the United States and do nothing to remedy it? ”

"You must know that capital is a beast that devours people, and capitalists are even more greedy and endless!" Austin hurriedly retorted, "So, when the top of the government first implemented this plan. I probably didn't expect that all the big chaebols who participated in this bailout plan would endlessly issue subprime mortgage bonds indiscriminately, and that this plan would eventually go to an uncontrollable abyss! ”

When he said this, Austin, who claimed to be a member of the Wall Street elite, touched his nose a little embarrassedly, and then continued to speak: "Okay, of course, we Wall Street elites have already estimated these risks, so Wall Street elites like 'Two Rooms', 'Goldman Sachs', 'Merrill Lynch' and 'Lehman Brothers' must come up with a proper way to pass on these risks." Signs in recent years, and some information I've received from my circle, suggest that this plan to transfer risk should have been implemented long ago. ”

"Slow!" Pei Pei suddenly reacted to something and immediately interrupted her husband's words. Then he asked: "Is your Heckless Investment Bank involved in this subprime mortgage crisis?" ”

Austin fell silent

Look at the expression. What else does Pei Pei not understand!

She immediately tugged at her husband's sleeve and comforted: "Fortunately, we got the news early, before the crisis officially came, you should have enough time to prepare to resolve this crisis, right?" ”

Austin rubbed the back of his wife's hand in silence for a moment. Then he turned his head sideways and kissed his wife on the forehead. Zhan Yan smiled: "Dear." I have to say, marrying you is my greatest luck! If it weren't for your matchmaking, Hercules Investment Bank would not have cooperated with the people of the Brown Bear Tribe. Of course, you can't find the opportunities in this! ”

As he spoke, Austin let go of his wife's palm, held his wife's cheek with both hands, pecked Pei Pei's cheek several times gratefully, and said with a smile: "The Indian Reserve Project has now reached a certain stage, and a large amount of capital has been absorbed into the shares, and there is enough capital chain in hand to deal with the upcoming storm!" Moreover, tonight I have dug up the news from little Antonio's mouth early, so that I have plenty of time to pass on this risk! Thank you, dear! ”

Immediately afterwards, Pei Pei was taken into her husband's arms.

After the couple snuggled up to each other for a while, Pei Pei pulled her head out of Austin's arms and asked worriedly, "So how are you going to defuse this coming storm?" ”

Austin smiled, he knew that if he didn't answer immediately, with his wife's character, she would definitely keep asking questions.

In this case, it is better to explain your thoughts and plans to your wife in detail, so that she can completely settle down.

So, Austin put his arm back on his wife's shoulder, smiled and said slowly: "Let's go back to the topic just now, I told you before, about the outbreak of this risk, many prescient chaebol leaders have already predicted it. So, even a few years ago, those of us had already tacitly started the risk transfer plan. ”

After a pause, Austin considered the draft in his heart, and then continued: "With the support of the government, many large investment banks such as 'Goldman Sachs', 'Morgan Stanley', 'Merrill Lynch', 'Lehman Brothers' and so on, including the 'Hercules Investment Bank' under my name, have issued a large number of subprime mortgage bonds to the central banks and big chaebols of European countries. So far, the vast majority of subprime bonds and treasury bonds issued by the US Treasury and major investment banks are held in the hands of European central banks and established chaebols. Therefore"

As he said this, Austin winked sideways at his wife.

Pei Pei immediately picked up the conversation with understanding, "I understand, this is equivalent to the risk tied together, once the subprime mortgage crisis breaks out, those European and American countries will not be able to escape the spread of the crisis, is that so?" ”

Austin smiled and nodded, and then continued: "Although a large part of the crisis has been transferred to the big investment banks and old chaebols in the European Union, if the subprime mortgage crisis really broke out, which led to the overall collapse of the housing market in the United States, the United States itself that caused this crisis will not be spared." Therefore, the US Treasury and the Federal Reserve, which are currently in power by the Republican Party, absolutely do not want to see this situation erupt, especially since this is an election year! The Democrats have been eyeing each other! ”

Immediately afterwards, Pei Pei snatched the conversation and said excitedly: "Ah! I understand that the former president of Goldman Sachs and the current US Treasury Secretary was a Republican himself, so if such an economic crisis broke out when he was in charge of the Treasury Department, it would definitely be attacked by the Democrats immediately" (To be continued......

PS: This is the two more in the early morning of the 17th, as for whether there will be a third watch after the day, alas~~~ Try your best!

In addition, thank you for the monthly pass, thank you for your support!