PoorClub, New York, United States.

PoorClub translates as the Poor Man's Club, just like the dog lovers have a dog club, the rich have a drinking party salon, the maverick has a ** club, the poor also have their own club, the place of the poor club's is not as high-end as the rich club, it is a few dilapidated buildings in the slums, and the poor ghosts with good relationships come out to gather from time to time, beer is high, drunk and dreaming of death.

"FUCK, these bastards of the United Reserve, they should have gone to see God a long time ago, and Bouvet is a bastard, the war in Irako is a hoax, and he should go to God."

There were dozens of young people gathered in the club, whistling and drinking beer, and at this moment, the iron door of the club was kicked open, and the young people were startled by a 'clang', and then they heard someone scolding, and the young people who were familiar with the voice shouted: "Hey, man, I just called us yesterday to go to the nightclub to find a girl, what's wrong today?" ”

A young man dressed in denim, with a big ring on his head and ears, walked in and kicked the table away, shattering the beer bottles on the table.

"Even, Gerald, are you crazy? If you can't give us an explanation, we'll beat you to death, do you know how much these hops cost us? ”

"Gerald, apologize."

"Oh dear, what's wrong with you, you look angry."

Gerald sat in his chair, tilted his head and said: "Guys, forgive me for my recklessness, I'm so angry, you know, just now, the Federal Reserve raised interest rates again, housing prices fell, I can't repay the subprime loan with a bank loan, I'm going bankrupt." ”

“****。”

"Gerald, what are you going to do now?"

"You know, I don't have any money, the bastards in the new century said that I can use my pet dog to buy a mortgage to buy a house, and the property premium can continue to borrow from the bank, and I can buy a house without money, I was crazy with joy, but I didn't expect it to be like this now, housing prices have fallen too much, and the bastards of the United Bank of Mi Fed raise interest rates every day, and I can't pay the loan." Gerard said bitterly.

"Me too." Someone next to him chimed in.

Gerald stood up and walked towards the door, "Guys, this is our last meeting, I don't have the money to repay the loan, I'm not ready to fulfill the contract, the bastards of the New Century are going to send me to jail, goodbye." ”

"Gerard ......"

Ignoring the shouts of his friends behind him, Gerald quickly disappeared into the club, and soon after a New York café appeared, with a smile on his face, he asked the waiter to bring him coffee, and just took a sip, a middle-aged man with glasses sat down across from him.

"Dude, you're finally here, what you told me has been done, and what about my pay?"

"This is 30,000 meters, and the password is...... You can look it up for yourself. The middle-aged man pushed the card in front of Gerald.

Gerald picked up the card, whistled loudly, drank the coffee, staggered out of the café, and disappeared in the United States by plane that day, no one knew where he went, and the United States Security Bureau failed to find his trace afterwards.

The middle-aged man sat in the café, didn't drink a sip of coffee on the table, picked up the hat on the table, put it on, and disappeared into the vast sea of people.

After that day, Gerald's friends never saw him again, they knew that Gerald was gone, and the effect of the lead effect was significant, and Gerald was very energetic in the Poor Man's Club, and many poor people who also took out loans from subprime lenders also decided to default because they really didn't have any money, and what happened to the New York Poor Man's Club was just a microcosm.

In the states of the United States, suddenly there was a large number of subprime lenders defaulting, the relevant departments of the United States intervened in the investigation, but unfortunately it was a step too late, more than 100,000 subprime lenders in half a month could not repay the loan for one reason or another, resulting in violent fluctuations in the subprime loan market, we see so many people defaulting, and they simply do not repay, because their own qualifications are unqualified, there is no money in their hands, and the default rate continues to rise.

"Orders from above, the operation is over."

In 2005, the Bank of the United States provided $200 billion in home mortgages to more than 6 million unqualified borrowers, who were able to continue to mortgage the bank with the appreciation of their properties to get new loans and use those new loans to repay their loans as housing prices continued to rise. Once house prices can't continue to rise, they can't afford to continue to repay their loans.

Banks issue loans to lenders, and they will classify and package the loans in their hands into asset-backed bonds, which will be sold to fund companies in the bond market. The fund company will then classify and package the bonds in its hands into asset-backed certificates for sale; The purchaser then makes the asset collateral certificate in his hand into a credit default swap insurance contract, and the fund companies insure each other, so that the scale of funds involved in the subordinated loan expands geometrically. Financial derivatives are still being derived, and credit default swap insurance contracts are packaged into synthetic asset collateral certificates.

As a result, $200 billion in bad debts dragged down $40-$50 trillion in the bond market, according to He Gaofeng's prediction.

The relevant departments of Huaxia have been closely watching the subprime mortgage market in the United States, and when Fu Feibai reported the situation of the subprime mortgage in the United States to the ancient, the ancient people could not calm down for a long time, "This little guy is doing this, and the whole world is dragged down by him." ”

"Chief, we ......"

Gu waved his hand, "It has an impact, but it doesn't matter much, fortunately the little guy told us in advance, let's prepare early, otherwise it will really hurt our muscles and bones, detonate the economic crisis, what a big deal, and most importantly, he also succeeded, alas, the economic crisis that swept the world, I don't know whether it is a curse or a blessing." ”

"The strength of the PNG Kingdom Military Search Bureau in the United States is very strong, causing 100,000 people to default in a short period of time, and we found that the United States Baiheng Group ......"

"Feibai, don't say it." Gu Gu raised his hand to stop Fu Feibai.

Fu Feibai realized and was silent.

"The economic winter, reshuffling all over the world, I don't know if we can pull down the country?"

The ancient worries and expectations, Zhang Yifeng is completely unaware, he is like a driving force behind the scenes, pushing the subprime mortgage crisis to sweep the world, under the promotion of well-intentioned people, the subprime mortgage crisis in the United States is coming rapidly, and it is the first to kick off in the United States.

In mid-December 2005, HSBC announced that the North American housing loan mortgage business suffered huge losses, in just one month, write-down of 10.8 billion US dollars of related assets, the United States mortgage risk surfaced, on the 20th of the same month, the United States mortgage risk caused the Slavic stock market to fall by 2%, marking the beginning of the subprime mortgage crisis.

Please remember that the first domain name of this book is:. Literature Museum mobile version reading website: