Chapter 370: Physical Education Teacher's Finance Class: What is the Subprime Mortgage Crisis

Su Su smiled: "To put it simply, we have to start from 2000 when the American cloth boss came to power. ”

Wang Qiang was surprised: "Is it the one who started the Gulf War and then fought Afghanistan and Iraq?" ”

Su Su said with a smile: "Yes, Boss Bu's family, he is directly the boss behind the scenes and has come to the front desk to become president, which is a very rare phenomenon in American history, very domineering, just hit it." And then all kinds of tricks of financial derivatives are also hi, how hi is it? For example, take the mortgage mortgage to buy a house as an exampleβ€”"

"According to the common sense that our Chinese people know, if you have a house and a real estate certificate, you can use the existing house to go to the bank for a mortgage and take out a loan for a new house, right?"

Wang Qiang nodded: "Well, one set is worth another, there is nothing wrong." Could it be the United States? ”

Su Su smiled: "How fine the United States is, in fact, the United States also played like this at the beginning, very conservative, but very safe, not afraid of customer default, stable as a dog." ”

Wang Qiangqi was surprised: "And then? ”

Su Su said with a smile: "Then there are one or two small bosses and small companies on Wall Street, where there are many financial giants, they don't have much room for development, but this small boss is very frustrated, of course, those who play finance are ready to jump off the building at any time, which is not surprising." He is very genius and creatively launched a new way to play the ship that no one else has ever seen - a house is worth a set, right? Not cool enough, he said that he can be a guarantee in the middle, the customer continues to mortgage and continue to loan, and the customer defaults even if I lose! ”

Wang Qiang patted his head, a little confused: "Wait, what do you mean?" ”

Su Su smiled: "It means that as long as you have a house, you can mortgage and re-loan a house under normal circumstances, but because of the desperate guarantee, you can continue to borrow and continue to lend, that is, as long as you give interest, you can borrow several or even a dozen houses for a house!" That's it, it's a subprime loan. Then all you have to do is to find an opportunity to sell the house at a high price halfway, if you loan more than a dozen houses are sold at a high price, it is a book of ten profits, empty gloves white wolf, there is nothing more hilarious than this, Brother Qiang understands? ”

Wang Qiang was shocked: "I don't understand it at all!" What if the house doesn't sell? Isn't this just a break in the capital chain and all the games are over? ”

Su Su sneered: "How can it not be sold?" The United States in 2000, the only superpower after the elimination of the Soviet Union, the terminator of the human system, the only beacon of human civilization, and the holy land of heaven in the minds of countless sheepdogs, will not be sold? ”

Wang Qiang sighed: "Okay, then what? ”

Su Su laughed: "Actually, Brother Qiang's worries are very reasonable, and those Wall Street bigwigs also think so, so they quietly watched how this crazy little guy died!" ”

Wang Qiang became interested: "But not dead?" ”

Su Su laughed: "Yes, the fact is that stupid beeps all over the world will come to the United States to take over, and they don't have to worry about selling in high housing prices, so this madness is not only not dead, but also has a good time!" ”

Wang Qiang was shocked: "I'll wipe it, starve the cowardly to death?" ”

Su Su smiled: "That's it~!" The Wall Street bigwigs are not calm and can't sit still - we're going to play too! I still have to play bigger and more hilarious, and President Bu is originally a super player at the level of a big guy behind the scenes, and with a wave of the decree, the United States has opened the door to a new world! ”

Wang Qiang finally understood: "This is a sure thing, the whole world is stupid!" ”

Su Su sighed: "Yes, but the world is not all stupid, most of the time I have no choice but to go to the United States to take over." However, the situation has changed, that is, China is beginning to prosper, and smart people around the world have found that it is much more stable to invest in China than to go to Wall Street to take over at a high price...... Thus, the signs of the subprime mortgage crisis in the United States appeared in 2006! ”