Xiao Qi's choice to set off on the evening of April 2 has a deep meaning.

In the previous life, April 2 was the time when the subprime mortgage crisis broke out.

Due to the time difference, when Xiao Qi arrived in the United States, it was late at night on April 2, Eastern Time.

When Xiao Qi left Huaguo, the subprime mortgage crisis had not yet broken out, and by the time he set foot on the land of the United States, the subprime mortgage crisis had already erupted for the first time with amazing destructive power, and it can even be said that the spring of subprime loans has gone!

There is no difference from the previous life, and the "profit warning" of the New Century Financial Company in February did not attract too many people's attention.

However, on April 2, in the face of the forced debt of $17.4 billion from five Wall Street trust funds, New Century Financial Company, which could not be repaid and was rejected for extension, announced that it would file for bankruptcy protection and would drastically lay off employees.

As soon as the news came out at 8 o'clock in the morning, it immediately caused the Nasdaq index to plummet by 3%, and caused a chain of crashes on subprime mortgage companies, with an overall decline of more than 8%, and even a maximum of 18%, which caused the three major U.S. stock indexes to lose more than $160 billion in market value after trading on the day.

And that's just the storm for subprime mortgage finance companies, and the investment funds that are most closely related to them have been sitting still since the morning.

They hold a large number of subordinated debt financial products, which are extremely dangerous things at all, and they can boast of "dancing on the tip of a knife" on weekdays, but once the subprime mortgage company fails, the subordinated debt financial products in their hands will be worthless, and they will pay a large amount of liquidated damages, which is absolutely fatal for investment funds.

More than half of the investment funds are listed institutions, and even they themselves come from subsidiaries of investment banking giants such as Morgan, Merrill Lynch, and Goldman Sachs. The business of these investment funds is subject to stock market regulation.

Although through various means, they postponed the reporting of the loss of their subordinated bonds, but by the end of the afternoon, there were still some small and medium-sized investment funds that broke out into a huge loss scandal, and the market value of Zuihou lost $160 billion. At least one-third of them come from the panic prediction of small and medium-sized investors about investment funds.

Fortunately, it is only small and medium-sized investors who panic, and if the big guys can't stand it, the panic shouldn't be so little.

The U.S. subordinated bond market is a very large market, about $1.3 trillion, but it is probably not only subordinated bonds that will be affected, but also the 1.5 trillion subprime bond market, because the disaster is generally panicked, and investors and the stock market will not care about the difference between the risk of subordinated and subprime bonds. It will only become more and more panicked because of the sheer scale.

All right.

The subprime market is big enough, isn't it?

But do you know how big the investment fund market is in the United States?

At least more than $5 trillion!!

It's just that it is only included in the stock market regulation on the surface, private equity funds, etc., only it may be more, and it cannot be less than it!

You know, it doesn't mean that holding a $1 subprime loan financial product, Zuihou is losing $1.

If it were really that simple, in the previous life, it was just the German Industrial Bank, the Royal Dutch Bank, the Mizuho Bank of Japan, and so on, which only bought hundreds of millions of dollars of subordinated debt products. will lose so much that they can't even keep their pants, and a group of high-level officials almost collectively staged a trapeze show!

So. If even the collapse of the $1.3 trillion subprime mortgage market will cause a violent tsunami, then what kind of earth-shattering storm will be caused by the huge losses of investment funds of 5 trillion or more?

It is conceivable that because of the globalization of financial products, even Chinese tycoons have bought a lot, so this financial turmoil has affected. It's not just the United States, it's going to soon spread to Europe and Asia...... All shijie, countless investors will cry, and thousands of people will be left with nothing from this.

However, financial shijie is such cruelty.

Came in and participated. It's about taking risks and taking responsibility.

So, on the other hand, there are two sides to everything, there are those who lose money and those who make money.

Betting on the collapse of subordinated bonds in advance is the practice of many fund managers, and of course there are many people who bet that subordinated bonds will not collapse, and whoever loses will be eaten by the other party.

Xiao Qi is naturally one of them who makes a lot of money!

Tong Wencong has been in New York and Wall Street all this time, and today, all his hard work has been rewarded the most.

Although there is a lot of speculation that the U.S. government will definitely save subordinated debt, save investment funds, and save the stock market.

But the liliang of capital is not at all controlled by the government, this time the three major chains above are difficult brothers and sisters, and they will definitely not escape the fate of being tortured to death!

Xiao Qi looked at the time, it was already one o'clock in the morning, "Ask Tong Wencong to come over, let's find a place to eat." ”

"Good!"

Anthony smiled and dialed the phone.

When he put down his phone, he found that Xiao Qi was not excited at all, but picked up the recent information of Mario Law Firm that he had just compiled and looked at it, and looked at it very seriously, as if he had not recorded at least $500 million in super profits at all!

The $500 million profit is just today!

When the entire profit is harvested, Anthony is sure that Xiao Qi will be able to earn at least $15 billion in subordinated debt operations!!

In other words, Xiao Qi made 60 Mario Law Firms in an understatement of an investment activity, but even so, he still took the law firm's business report seriously, and there was no pride or impatience at all.

Sure enough, it's a genius!

Anthony thought admiringly.

The development of the lawyer industry in the United States has become an extremely mature industry today, and it can be said that there is no second country on Shijie that can be as mature and standardized as the United States.

To put it mildly, even if he commits a crime, the criminal can lie to his parents, but he will never hide anything from the lawyer, because only the lawyer will help him find the loopholes in the law and get rid of the law.

Lawyers don't care about the law at all, they care about the people who entrust them.

In a sense, lawyers are specifically engaged in fighting against the law.

All the business that Xiao Qi did in the United States did not hide that Mario Law Firm, and the contract signed with Tong Wencong before was also drafted by Mario and Anthony.

Because of this, Anthony understands the entire investment process.

I deeply know what a great vision the little boss has in this understatement.

A decision-maker with a brilliant vision is the core figure of a group, and Anthony has long believed that Xiao Qi is the soul of the fairy faction, and now he is even more determined to follow his philosophy. (To be continued......)