The subprime mortgage crisis in the previous life was far-reaching, and it was the most serious economic crisis in the United States after the Great Depression, and after it spread to the whole world, it produced a long-term economic recession, and led to large-scale bankruptcies, unemployment, and so on.

The causes of the subprime mortgage crisis are mainly in three aspects: excessive innovation in financial instruments, distortion of the interests of credit rating agencies, and relaxation of monetary policy supervision.

In this era, the credit rating and monetary policy are indeed very loose, just look at how much of the Han family's funds are in the open sea, and the official supervision of this area by the United States is not strict.

It stands to reason that it is difficult for American companies to move overseas, after all, there are problems such as taxation and employment, but Han Xuan really easily moved the registration of East West Bank to the Maldives, and there are still many shady scenes.

In addition, the credit rating is not very authoritative, and it seems to be full of gold in the eyes of ordinary people, but O, Destiny and other companies have suffered so serious losses, but they still have the highest rating from Standard & Poor's.

At present, there are only three internationally recognized professional credit rating agencies, namely Standard & Poor's and Moody's Investment Services, as well as Fitch International Credit Rating Limited.

Han Xuan will not tell people that in fact, they can spend money to buy ratings from them, and after the subprime mortgage crisis in the previous life is over, it is not clear whether Han Xuan can carry out shady operations, but it can indeed be done in this era.

When he first heard about this, he was dumbfounded, and suddenly found that he was living under such a dangerous securities rating system, and maybe any company with good credit would suddenly have the risk of default.

It's not that it's changed from A-level to AAA, but it's allowed to make small changes, which has become an unspoken rule in the top society, and only the vast majority of ordinary people are kept in the dark and naively believe the data they give......

Knowing that the entire credit system was built on a huge bubble, and knowing what kind of madness the entire U.S. real estate industry fell into after the prevalence of credit default swaps in the previous life.

Han Xuan was stupid enough to get involved with Fulder, and with a cautious attitude, he was willing to let East West Bank and Lehman Brothers start a new business, that is, to agree to buy credit default swap insurance from Lehman Brothers, which means that if the customer can't pay back, Lehman Brothers will help bear the loss.

It is precisely because of this system that the banking industry dares to open up and handle mortgage procedures for customers with bad credit, and there are insurance companies responsible for compensation anyway, right?

On the last day of 1999, Mr. Fuld did not know for the time being what a dangerous step he had taken to take to push his future to new heights, and at the same time he was digging a pit to bury himself.

Han Xuan doesn't care about this, he has always tried his best to avoid causing changes in the world because of himself, since the day he came to this world, there have been many chain reactions, and there can be no big changes.

After chatting with Fuld for more than half an hour, after he left happily, Han Xuan also packed up his things and left from Wall Street, Ramirez called him and said that the stage had been set up in Times Square, even the road was temporarily closed, and all the guests had to go to the rehearsal tonight.

"You go get busy first, I've already rented a place on the roof near Times Square, and I'll definitely go to see your performance tonight, Han!"

Donald, who personally sent them downstairs, shouted in a loud voice that his daughter Ivanka had also gone downstairs.

Smiling and waving at the father and daughter, Han Xuan got into the car, Isabelli went to the airport to pick up Ramirez and Harris, and Secretary Dawson sat in the passenger seat.

When the car started, Secretary Dawson turned around and asked Han Xuan, "Little boss, this is what I wrote down when I talked to Mr. Fuld just now."

Because it's a new deal, I don't understand a lot of things, so you can see what's wrong. ”

As a personal secretary, one of the responsibilities of Secretary Dawson is to help Han Xuan convey his ideas to the employees under him, and the slightest mistake can lead to a huge mistake, so he is quite cautious.

Han Xuan took it and looked at it, returned the small notebook to Secretary Dawson, and said indifferently: "It's okay, that's pretty much it, when I have time, I will ask the executives of East West Bank to come and have a meeting with me, and I also have to call the executives of Interstellar Investment, you don't need to worry about it."

Your wife called me, don't you really plan to go home and have a look? Even if you spend Christmas Eve with me, you can't go home on New Year's Day, and her parents still think that there is a problem with your relationship. ”

"She" refers to Shen Yutong, the wife of Dawson's secretary, who has been a full-time housewife since giving birth, and the child is too young for Dawson to be annoyed, so he ran back to Han Xuan to work, and Shen Yutong certainly has a lot of opinions about this.

"It's okay, I called her in the morning and will fly over to see me in the afternoon."

Secretary Dawson's expression is happy, he will miss it if he can't see it, and he will feel annoyed when he sees it, which is probably something that many new fathers who are new fathers are worried about, and continued:

"My daughter will stay at home, she is too young to go out just yet.

I always felt that Angela, like me, had come here to avoid the torturous little guy who had come to me to look for me, and she happened to see a Fifth Avenue property on the Internet, and she was going to go and take a look. ”

"That's good, what's the matter, plan to do your own business?"

"No, investment."

"Oh, it's not cost-effective to buy a house on Fifth Avenue, go to Huaxia Shanghai Market to buy it, listen to my right......"

For these people around him, Han Xuan is not stingy in helping to plan investment advice, and it is easy for him to create a billionaire.

Recently, it has been very busy, both hoarding crude oil futures and tinkering with credit default swaps, these are big projects that are difficult for others to touch, the world crude oil price has risen by 2.7 US dollars in the past week, and Interstellar Investment has used leverage to smash down more than 60 billion US dollars, making more than 5 billion US dollars in profits, which can be said to be out of the limelight in the crude oil trading market.

The ordinary market water is too shallow to accommodate Han Xuan's "dragon crossing the river", judging from the assets he currently holds, only crude oil futures, currency, securities and other industries can be happy, so that those large sums of money do not appear abrupt.

The convoy slowly drove along Broadway, still with the smell of Christmas on the roadside, just after Christmas was over, and the New Year was coming again, and the "2000" signs were everywhere, and people were celebrating the arrival of the new millennium.

When he received a call from Ramirez, Han Xuan asked him, "Have you arrived, have you joined up with Isabelle?"

Come directly to Times Square, I'll be there in a minute. ”

"Wait, Han.

I just received a notice from the organizer that they want us to sing one more song, what should I do? ”

……