Chapter 1373 Idiots Who Buck the Trend

Rating agencies have a very special position in the United States. It can be said that in such a credit society, the ratings of these agencies play a decisive role.

But now.

They seem to have forgotten their duties. They close their umbrellas when it rains and give them out when it's sunny.

Hey, if you can't satisfy the greed of these bastards. Not only do these bastards know how to close umbrellas, but they may also create artificial rainfall.

Unfortunately, this time, they seemed to have gone too far.

Everyone knows about the Great Depression in American history. Some say it was due to overproduction. Some people say that this is due to trade protection.

Actually, these all make sense. But the most important thing is that no one talks about it.

Do you know why America’s securities laws are so harsh?

The reversal of evidence is what is called the defense's evidence. Let's put it this way, any transaction that is purchased before good news is announced is suspected of insider trading. If it seems obvious, several of the obviously large transactions will be deemed to be insider trading, and traders will be notified to provide evidence to prove that they have no insider trading.

As you can imagine, it is very difficult to prove your innocence. Since it is often difficult to prove that there is no insider trading, traders who are corrected often pay fines or go to jail.

You see, even if William White had foresight, it would be impossible for him to do anything short-term. If you don’t have basic research beforehand, you won’t be able to explain subsequent investment behavior at all.

If you can't explain it, just pay the money. Three times the profit will be fined as a fine. If you can't get it out, you can go to jail. Although it is a five-star prison, jail is jail. There is nothing to say about it.

Seventy years on, Wall Street seems to have forgotten the pain of the Great Depression.

Hehe, the fundamental reason why there was no money in the capital market at that time was that there were too many scammers.

Performance fraud?

This is too normal. These guys are easy to deceive anyway. Let alone fabricating performance, it is normal to fabricate a company. At that time, there was only one natural rubber company, but it had defrauded the whole world.

As for insider trading, there is no way to control this stuff at all. It is normal to have this kind of thing, but it would be weird if it didn't happen.

It's a pity. You can pluck a duck's feathers, but you can't go too far. It would be great if the duck could be spared pain.

But what about you?

Killed the duck directly!

As a result, there are no retail investors left in the capital market. As long as the securities market is mentioned, everyone will be shocked. Just tell me, what kind of market is a securities market without ordinary investors?

"Hard to understand? Philson, there are too many involved here. If you say Enron Online, there is no need to mention it at all. Those fools messed up. They don't understand how to play Internet finance at all.

In fact, I'm totally confused right now. Even if I want to build a comprehensive payment system, they actually plan to catch them all. "

Filson couldn't help but laugh. In the concept of Internet sales, White Investment was really far ahead. When he first got Enron's online information, he was a little surprised, but after studying it later, he really lost interest.

This thing of yours is too nonsense. If this is all right, what does our world mall mean? In order to shorten the delivery time between banks, he went to great lengths here. It's almost like a joke that you can complete this kind of delivery with a freshly released gadget.

"Boss, Enron Online is not worth mentioning. This is more like an ERP system within the company. After investigation, we found that one of their recent projects in Asan seemed to have encountered some troubles."

"Ah San. Calcutta or Mumbai? Forget it, I don't want to know anymore. This investment should be a power plant."

"Well, yes, it's a big project. Now some people are claiming that Enron used very unethical means in this."

"Hahaha, hahaha, it makes me laugh to death, it makes me laugh to death, that there is such an accusation.

It seems that the only hatred between peers is Hong Guoguo's hatred.

Without money, they can't move an inch of land. "

"Well, it seems that there is indeed a problem now, and we found that they are trying their best to cover it up.

As a result, this project will be far away. A large-scale project worth billions is the so-called internationalization. "

William White had a joking look on his face. Apart from expressing his admiration for the company that had the courage to cooperate with Asan, he might just be mocking it.

"Filson, giving money requires cultural accumulation.

For a relatively junior person, you may be invited to participate in an event or sponsor a charity project. Even if this situation is known, it is at best a violation.

However, this approach does not work in Asan, and their requirements are relatively straightforward.

So what, come out with some money, otherwise this matter will not be discussed. "

Filson smiled bitterly. He seemed to understand now why the boss had no interest in this market at all. With the same large population and the same weak foundation, Big Rabbit is much better. At the very least, you have to do things when you get money, and there will never be any problems with this.

However, Ah San's brain circuit is not like this. Benefits are necessary, but help is impossible. If you question him about taking money for Mao instead of doing things, the answer you will get is a shrug. Speaking of which, the way these guys shrugged their shoulders was very distinctive. It’s not easy to use on your neck anyway, so don’t learn it, your neck will suffer.

"Boss, just now, Morgan Stanley gave a buy recommendation with a target price of $130.

Boss, can we consider short selling? "

William White closed his eyes. To be honest, he didn't want to get into this trouble at all. If he wanted to go short, he would be willing to go short Morgan Stanley. There are too many forces involved in this matter, and the consequences are too serious. He is not even sure that if he is really involved, the United States will usher in a second Great Depression.

It's so similar, one company is Enron and the other is World Communications, directly tearing apart the hypocrisy of Wall Street. You have been deceiving ordinary investors as fools all along, from rating agencies to accounting firms to investment banks. This is a complete trap.

Such a sensational scam can be ignored. In such a capital market, how can you expect to have investors? If you don’t clarify the issues of supervision and responsibility, there will simply be no investors.

The original world is scary enough. If William White expands this harm, the final consequences will be catastrophic. How much money can you make from short selling? Once this guy declares bankruptcy protection, this game will not be able to continue at all. If the Dow Jones collapses directly, wouldn't he cry without tears?

"Filson, this matter is so big, almost all investment banks are involved, and the stars on Wall Street are so scary."