Chapter 375: "Sniper" Merrill Lynch (I)
After a pause, Austin then spoke: "As for Barclays Bank in the UK, according to some of the figures I have obtained, some relatively powerful EU subordinate banks such as Barclays Bank and Deutsche Bank have been brewing to snipe and short Fannie Mae, one of the 'two houses', from stock index futures during this time!" At the same time, Barclays Bank of the United Kingdom has joined forces with several other EU-affiliated banks such as Rabobank, Royal Bank of Scotland and UBS to join forces to short the 'two houses' on stock index futures and another Freddie Mac! Therefore, it can be judged from this that even if the subprime mortgage crisis spreads to Europe, how strong is the comprehensive anti-risk ability of Barclays Bank in the United Kingdom after the outbreak of the subprime mortgage crisis! ”
(PS: This message is probably true, because in March 2013, Freddie Mac filed a lawsuit against Barclays and several other EU banks mentioned above in federal court, alleging that they had conspired to suppress the interbank rate of US dollar London banks, which had led to huge losses in the past few years in the 'interest rate swap business' used to hedge the risk of mortgage investments.) Then, on October 31 of the same year, Fannie Mae also sued nine major banks in the world, including Deutsche and Barclays, in the same name, demanding more than $800 million in damages. )
"Huh? Isn't that right? After scratching the back of her head, Pei Pei looked at her husband and asked, "The list you just showed me doesn't have the name of 'Two Rooms'?" ”
When Austin heard his wife's question, he immediately shook his head and chuckled.
While laughing, he replied, "You don't want to think about how the name of the 'two rooms' could be on the list of 'victims'!" ”
Looking at his wife's puzzled gaze. Austin smiled and explained: "If it is only analyzed from a technical point of view, assuming that once the subprime mortgage crisis breaks out, the 'two houses' will definitely be on the verge of bankruptcy!" But if we analyze the bad impact caused by the bankruptcy of the 'two houses' - first of all, the subprime mortgage bonds guaranteed by the 'two houses' will depreciate sharply! The depreciation of subprime mortgage bonds will not only lead to the credit loss and run on the banks listed in the list, but also drag down the credibility of all major investment banks that have issued subprime bonds! Imagine, if even Goldman Sachs, Citigroup, Morgan Stanley, etc., and all the investment banks on Wall Street, including my Hecklis Investment Bank, were to suffer a credibility crisis and be run on by the people, this would definitely not only be a catastrophe in the United States, but a global catastrophe! ”
looked at his wife's suddenly realized expression. Austin went on to explain: "Also. The sharp depreciation of the subprime mortgage bonds guaranteed by the 'two houses' will also indirectly cause a sharp rise in mortgage interest rates in the United States and even around the world! This will be another blow to the weak extended capital market! ”
"Ahh I understand! Pei Pei's eyes lit up and interjected: "Therefore, even if the subprime mortgage crisis breaks out, the first thing the government must save is definitely the 'two houses'." Only the 'two houses' are not bankrupt. Then the major investment banks on Wall Street, which are implicated in subprime mortgage bonds, can maintain their credibility. Don't suffer from the crowd's run! Therefore, Barclays Bank and other EU subordinate banks sniped at the short-selling of the 'two houses', which is actually a disguised recovery of some of their losses from the US government! Is that so? ”
Austin just smiled and shrugged his shoulders. There was neither a nod nor a shake.
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In fact, in Pei Pei's view, all the spearheads originated from the "two houses", and if it weren't for the "two houses" that dragged so many big banks into the water, and these banks issued "subprime mortgage bonds" all over the world like money printing machines, things would not have evolved to such a point!
Of course, the greediness of the big banks themselves is partly a part.
If Pei Pei is allowed to be the final referee, the bank and the "two rooms" will have to suffer 50 boards on both sides, and no one will want to shirk their responsibilities!
Therefore, Pei Pei only needs to know the answer "It is safe to deposit money in Barclays Bank in the UK", and after Austin got here, she was too lazy to continue to listen to these tricks of stabbing each other between Barclays Bank and "Two Houses"!
"What about Bank of America?" Pei Pei asked, changing the subject.
"Do you know the full name of Bank of America?" Austin did not rush to answer his wife's question, but gave the answer indirectly in the form of a rhetorical question.
Pei Pei has lived in the United States for so many years, how could she not know the full name of Bank of America!
The full name of Bank of America is "National Trust Savings Bank of America", or "Bank of America" for short.
This bank, not to mention the industry, even the people at the bottom of the United States know its background - the entire Federal Reserve is behind it!
So—
If Lehman goes out of business, the public will be surprised when they find out!
If Citi or Morgan Stanley were to go bankrupt, the public would find out that they would be in disbelief!
But—
If the "National Trust Savings Bank of the Americas" collapses, the entire population of more than 300 million in the United States will definitely shrink by one-third at once! And the one-third of the population that has shrunk should all have gone to suicide!
Therefore, no big bank that has been established for more than 100 years fails, and it is impossible for the "National Trust of the Americas" to fail.
The reason why she asked her husband what he meant was to find out what Bank of America had done during this time.
Therefore, when her husband answered Pei Pei's question in such a contemptuous way of her IQ, Pei Pei immediately rolled her eyes at Austin with a bad face, and said angrily: "Of course I know the full name of Bank of America!" Of course, I also know the background of Bank of America! I just asked that question just to wonder what Bank of America has done during this time! If you don't want to say it, forget it, it's necessary to perfunctory me with such a retarded rhetorical question! ”
As she spoke, Pei Pei turned around with a straight face, and pointed the back of her head at her husband Austin to express her dissatisfaction.
Austin saw that he was not careless in aphasia, and actually annoyed his wife, and immediately coaxed his wife with a shy smile: "Honey, I was joking with you!" Don't be angry! If you want to know anything, I'll sue you right away! ”
Since her husband has softened, Pei Pei will of course accept it when she sees it.
So, she turned around, raised her little head, and said arrogantly: "Then don't hurry up!" (To be continued......)
PS: Let me inform you that today is the weekend, and I have already made an appointment with a few friends two days ago to arrange all the programs for the weekend night! Therefore, the above two are the author's codes that I stayed up late, so don't expect a third update on weekend nights!
As for tomorrow and Saturday, when I wake up, it will probably be dark again! Try to ensure two more!
To put it mildly, since I started writing my own novels on the Internet, my spare time life has been greatly reduced! My friends say I'm dead now! I'm still single! Writing novels is just an interest, and I don't want to turn this interest into a drag, so if I release the pit chapter in the future, please be more considerate of the book friends!