Michael Barry signed the contract, and after the $2.9 billion entered the fund pool, he did not hesitate and immediately went to the major banks on Wall Street to run business the next day.

Deutsche Bank.

In a hospitality room, several bank officers meet with Michael Barry for business.

"I want to buy a credit default swap for a mortgage bond, and if those bonds default, the credit default swap will compensate me."

Several of the bank's business personnel, including the supervisor, who received him were stunned, thinking that they had heard it wrong, and after reacting, they asked uncertainly: "If I didn't hear you wrong, you just said ...... Do you want to bet against the housing market? ”

Michael nodded: "That's right!" ”

One of the interviewees was puzzled and said, "Why? Americans don't pay their mortgages but this kind of thing never happens, and with all due respect, Mr. Michael, it seems like a very stupid investment. ”

Michael said thoughtfully: "According to the general people's perception of the housing market, this is indeed an extremely stupid investment...... But everyone was wrong. ”

Hearing this, several bank staff who entertained him couldn't help laughing, and quickly concealed their embarrassment and smiled elegantly: "This joke is very interesting, but this is Wall Street, and the dollar bills are not taken for nothing, so why not?" ”

Michael actually emphasized: "I only care about the solvency of your bank when the bond defaults." ”

The salesman in charge sitting opposite him said incredulously: "What did you say? Sorry, are you serious? Are you betting against the housing market and are worried that Deutsche Bank will default on its debts? ”

Michael replied bluntly: "That's right. ”

Several bank clerks looked at each other and after a while they were talking in private.

"I think I can promise him that unless the housing market crashes, but the housing market can't collapse, it's still sound."

"Agreed, who can't afford to pay their mortgage?"

After chatting privately for a while, the head supervisor looked at Michael again and said very formally: "No problem, we can adopt a pay-as-you-go mechanism to compensate in the event of a bond default, but if the value of the mortgage bond rises, you have to pay us a monthly premium, is it acceptable?" ”

"Yes, I accept it."

Michael nodded, and as he spoke, he took out a document with hundreds of pages thick from his briefcase, put it on the table, and pushed it in front of the other party, saying, "This is the prospectus I put forward for the sixth-grade mortgage guarantee bond I want to short." ”

This is a very thick material that makes people speechless, you have to look at it carefully, time passes minute by minute, hours pass like this, and after confirming that it is correct, the bank's supervisor said: "Mr. Michael, how about our Deutsche Bank can sell you a $10 million credit default swap?" ”

There is a fool to send money, this is favored by the goddess of luck, and if you sign it, you will earn a lot of commissions, and several bank employees are secretly having fun in their hearts.

Michael's hands folded around his back against the seat, and in a moment of silence he quickly snapped his eyes and sniffled, and just when the people at the bank thought that he might have repented or that the offer was too high, Michael looked at them and said, "Can you sell me $200 million?" ”

At this time, the people on the bank side were dumbfounded.

They all looked at each other in astonishment, and nodded without hesitation after coming back to their senses: "Of course, then 200 million US dollars, we will contact you to submit some documents." ”

Once everything was settled, Michael left the bank, and after a very polite send-off of Michael, the bank clerks burst into laughter.

"A $200 million credit default swap is insane."

"Haha, I didn't expect someone to come and give money for nothing, how could there be such a fool on Wall Street?"

"I swear, I'm absolutely favored by Lady Luck today?"

……

Bear Stearns Investment Bank.

In the reception room, Michael said to the person in charge who met him, "Can you sell me a $350 million credit default swap?" ”

There were two people interviewed by the bank on the bank's side, and as soon as Michael said this, one of them looked at him incredulously and said, "No problem, but are you really sure you want to do this?" ”

As soon as the words fell, another banker stopped his colleague on the spot and looked at Michael, who replied with a smile in the affirmative: "There is no problem, we sold it, and it was a $350 million credit default swap." ”

……

Michael walked out of the door of Bear Stearns Investment Bank, stood still at the door, took a deep breath with his eyes closed, and muttered, "There are $1.285 billion in cash ......"

Eventually, he opened his eyes and strolled away, saw a taxi passing by, stopped him, and rode to the next one.

……

National Mortgage Bank, Bank of America, Citibank, Morgan Stanley, Goldman Sachs Investment Bank, Credit Suisse Group, etc...... Michael bought a credit default swap with a total of $4.2 billion in cash under the Successor Fund.

But he is not the only one doing this, and many people are buying credit default swaps one after another, but the amount is not much, and not many people pay attention to it.

Only the proportion of the two hedge funds is too large, and it is impossible not to be noticed, and it spread on Wall Street in a few days.

One is Michael's heir fund, which bought $4.2 billion; The other is John Paulson's Paulson Fund, which bought $8 billion.

……

Goldman Sachs corporate headquarters.

Paul Watson looked at his colleague and said, "What did you say?" You repeat? ”

"Just three hours ago, I sold a $270 million mortgage bond credit default swap, a fund manager in California, Michael Barry's Successor Fund, haha, brain convulsions, crazy, mortgage bond appreciation has to pay premiums every month, new cash cow." ”

Paul Watson was stunned and said, "I didn't even know there was a credit default swap for a mortgage. ”

His colleague said happily: "Now that there is one, it is built for him, he wants to bet on the real estate market, why not accept it?" Not only that, but in order to short the housing market, I heard that he went to almost every bank on Wall Street. ”

Paul Watson said, "How much? ”

His colleague smiled: "$4.2 billion, I guess the investors of the heirloom fund will be mad if they know about it, but what does this have to do with Goldman Sachs?" Isn't it? ”

……

Luo Sheng stayed in New York for about ten days, and the main purpose of the trip had been achieved, and there was no need to stay any longer.

He really didn't want to stay in North America for too long, and in the days since he arrived in New York, he read newspapers that there had been three shootings in the city, one of which was killed at night.

However, Luo Sheng was on Manhattan Island and didn't know about it without reading the newspaper.

The wealthy area is still quite safe.

Early this morning, Qin Weimu came to Luo Sheng's guest room and specially brought a bundle of rolled up bills.

Qin Weimu casually threw it on the sofa: "This is the cash you want, and the trip back to China has been arranged, the plane at about 11 o'clock in the morning." ”

Qin Weimu was also very suspicious of how Luo Sheng would ask her to bring cash, but he didn't ask anything, Luo Sheng basically didn't have any cash on him.

"Well, got it, you go get busy."

Luo Sheng replied casually without raising his head, and sat comfortably on the sofa in the living room in his nightgown, he was reading the New Yorker's newspaper.

When Qin Weimu was about to leave, she suddenly looked in the direction of the guest bathroom, because it seemed that she heard the sound of water.

"Someone in the bathroom?"

Hearing her suddenly floated a question, she also felt a little inexplicable after speaking, why did she suddenly ask this.

Luo Sheng removed the newspaper and glanced at Qin Weimu, who was full of doubts, and said with a smile: "Yes, the waiter I called yesterday, female, you know." ”

As soon as these words came out, Qin Weimu withdrew his gaze and glanced at him: "Boring!" ”

Leaving such a sentence and turning around and leaving here, Luo Sheng couldn't help but put down the newspaper, and after confirming that Qin Weimu had left, he suddenly secretly breathed a sigh of relief, just now it seemed to be stable and skinny, but in fact, he was in a panic.

For women, especially women like Qin Weimu, she has to use reverse thinking and anti-routine strategies to make her intermittently autistic, Luo Sheng feels that his witty EB is really the most dangerous and the safest.

Qin Weimu thought that he, a habitual criminal, wanted to take advantage of his mouth, so he simply flashed people directly.

After a few minutes, the sound of water dripping in the bathroom stopped, and it wasn't long before a beautiful supermodel from Havana, Cuba, came out of the bath barefoot.

She silently entered the bedroom.

……

A few hours before leaving New York and returning home, Luo Sheng enjoyed a Western meal, and spent a lot of energy not to mention wasting a lot of money, frankly speaking, Luo Sheng felt that it was quite expensive, but it was worth the money, the exotic flavor was indeed fresh and delicious, and it was okay to taste it occasionally, and it should be a little more expensive, and it was rare to eat a meal for so many days.

You must know that Luo Sheng is young and energetic, and he has a great appetite.

It is worth mentioning that Luo Shengman is picky, and the delicacy that can enter his eyes is the basic requirement of safety and freshness, and it must also be full of color, flavor, and freshness.

He never eats overlord meals, and gives money when he eats, which is justified, otherwise he is a hooligan.

At 11 o'clock in the morning, Luo Sheng took a special plane to return to China, originally wanting to go to Monroe Park in the Bay Area to have a look, but after thinking about it, he didn't make a public announcement about this low-key visit.

That's it.

Go home!

The layout here has been done, so it's good to sit and wait, and after a year, you can count the cramps in your hands while lying down and counting the money.

……

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