Chapter 1199 I Am Such a Bad Sister

There are three credit rating agencies in the United States here in different time and space, and the credit ratings assigned by these three agencies are basically universal.

After all, the United States is a credit society, so credit rating agencies play a very important role, and the amount of wealth they earn every year is unimaginable.

But even so, these three rating agencies will still make unreliable ratings for a little "petty profit". It has to be said that they dare to do anything for money.

Of course, there is a key factor influencing this, that is, if the three institutions do not do this, then their customers will go back to other rating agencies and give their money to other guys.

Therefore, in order to retain customers, rating agencies have to reluctantly make inconsistent ratings.

And in addition to the money they can get from normal ratings, they will also secretly charge additional benefits, so why not be happy with this business.

Anyway, it’s okay if the outside public doesn’t know about it.

Therefore, those worthless subprime mortgage bonds composed of junk mortgages were finally transformed into high-quality financial products with AAA credit ratings, and were then sold to investors who did not know the inside story.

It can be said that these guys have extremely dark hearts.

But then again, none of the capitalists on Wall Street are black-hearted. If they are not black-hearted, there is no way to survive on Wall Street, because this is a pond full of giant crocodiles. If you want to survive, you have to devour others.

"I have received news that the rating agencies are preparing to downgrade the credit rating of Whiston Bank, mainly because of Nevada's oil interests. So as you can see, those three credit rating agencies have now completely become the lackeys of those Wall Street guys. , they have lost the justice they deserve.”

While Jin Xiantai was meditating, Anne said something to him in a wan tone. It was obvious that Anne felt that those who did this in order to obtain the shares of Nevada Petroleum Company were very boring.

Hearing this, Jin Xiantai sighed and continued what Annie said.

"I have learned that behind the three credit rating agencies, S&P, Fitch, and Moody's, there is a complicated share structure, which is basically supported by the financiers on Wall Street, so it is not at all useful for them to use it. strangeness."

Annie nodded with an unpleasant look on her face, agreeing with what Jin Xiantai said.

"These guys are referees and players,

This kind of approach is really criticized, but if you put me on their side, I don't know that I will be like them, so I can't blame them now.

But I feel that it is time for me to have a credit rating agency of my own, otherwise I will be led by them in the future, which I am very unhappy about. "

What Anne said is correct. It is true that the rating agency is controlled by the other party. This is not a good thing for Anne. After all, the public will blindly follow her. Once what Anne said about Whiston Bank's credit rating being lowered really happens, it will not be a good thing for her. will have a big impact.

Therefore, if you want to confront those on Wall Street, you must have your own credit rating agency, and then you can directly confront the other party.

(This is the American routine. Although what I wrote is not very accurate, the American routine is absolutely correct. Let’s see if Americans are very vulgar.)

It can be seen from Anne's reaction that she is very serious about this matter, so Jin Xiantai reminded softly: "This matter is not that easy, right? There have been only these three rating agencies for so many years. Obviously this The field is collectively controlled by those guys, and they will not allow another organization to be born.

If they could, others would have done it already, are you the only one who sees the downside? Not everyone is stupid. "

Indeed, Anne is not the first person to see the disadvantages in this regard. Some people have seen the shady behind the credit rating agencies a long time ago and tried to find ways to get rid of the clamp.

Unfortunately, it couldn't succeed after all.

After all, what is involved behind the three major credit rating agencies are the interests of all the financial giants on Wall Street. When someone wants to touch this area, if these financial giants unite, who can compete.

The same goes for Anne.

Even though she now controls a lot of wealth, she seems to have the power to compete with these guys, but in fact, it is simply impossible for Anne to fight against Wall Street alone.

Plaza Accord Anne made a lot of money, but so did the same Wall Street titans.

In terms of financial resources alone, they have even more money than Anne, so Anne is at a disadvantage in terms of financial resources.

And the same goes for connections.

There are so many Wall Street tycoons who have more connections than Anne alone.

With neither financial resources nor connections, Annie wants to get involved in the credit rating industry, and any fool can see the difficulties involved.

No wonder Kim Hyun Tae reminded Annie.

However, Anne did not flinch at all, but looked full of confidence. This made Jin Xiantai very curious as to why Anne was so confident.

Soon, Annie's words quelled Jin Xiantai's curiosity.

Annie calmly said to Jin Xiantai: "As you said, this area is controlled by those guys on Wall Street. It is impossible for ordinary people to get involved in this industry. Even if I want to touch the interests of this area, I will be strangled and swallowed by these people.

I certainly would not do this in the past, but it is different now. I see an opportunity, an opportunity to get involved in this industry. I have to thank you for this."

Jin Xiantai was stunned. He didn't know why Anne said that. It seemed that he had nothing to do with this matter.

Looking at Jin Xiantai with a stunned expression, Anne explained with a smile: "The subprime mortgage crisis, isn't this an opportunity? This will make the credit of the rating agencies they control bankrupt and completely lose the trust of the people, so isn't this a good opportunity for me.

At that time, I will need your West Coast media to expose these inside stories more, so that no matter how they quibble, it will be useless, and I can take advantage of the opportunity, even if they react, there is nothing they can do."

Jin Xiantai really didn't think about this problem, and after hearing what Anne said, he suddenly understood.

Don't mention it, Annie's plan really has a high success rate.

How big and fierce the subprime mortgage crisis is, Jin Xiantai has experienced it in another time and space.

Although he was a diaosi at that time, the subprime mortgage crisis did not affect him much, but he could also get a glimpse of it from the TV news every day.

In short, the world economy is wailing, which is not an exaggeration at all.

Only China, with a relatively special economic structure, is a little better, but it is also affected by the global economic crisis caused by subprime mortgages.

It was also from that time that the credit rating agencies in the United States completely became garbage, and no one believed in them anymore.

Therefore, if Annie took this opportunity to get involved in this industry, she really had a great chance of success.

"When do you think this thing will break out?"

Jin Xiantai asked Annie.

Annie thought about it and replied: "It is estimated that it will break out around 2020. This year is 2018, which is about two years later."

Basically, Annie's judgment is similar to Jin Xiantai's personal judgment.

Therefore, Jin Xiantai nodded and said, "It's basically the same as my judgment. I also think it will explode around 2020, but I still think the time is a bit slow. It would be better if it could be faster. After all, the deposit I have to pay every month is as much as 330 million US dollars. I feel a little sorry for this money."

Indeed, Jin Xiantai's bet is not just about paying the money.

Every month he needs to pay a large amount of deposit, and this deposit is paid according to the proportion, so he needs to pay a lot every month.

According to Jin Xiantai's more than 300 million deposit per month, by around 2020, he will need to pay more than 10 billion US dollars in deposit, which is definitely not a small number, and it's no wonder that he would complain like this.

And the collapse of subprime bonds around 2020 is just Jin Xiantai and Annie's personal judgment. What if it doesn't collapse?

This kind of thing is not impossible to happen.

If such a situation occurs, Jin Xiantai's deposit will need to continue to be paid, which is a very painful thing.

Of course, Jin Xiantai also knew very well that the crisis of subprime bonds would break out sooner or later, so this was his confidence, the confidence to pay the deposit.

If it were an ordinary person, the deposit alone would scare him to the point of not having any ideas, or he would simply retreat.

But paying the deposit month after month would still make Jin Xiantai feel uncomfortable.

Hearing Jin Xiantai complain about this, Annie laughed, raised her hand and patted Jin Xiantai's shoulder twice, and said to Jin Xiantai: "I didn't expect you to be such a money-grubber.

But you don't even think about how much you will gain from the collapse of subprime bonds, so what is the little deposit you paid? It really made me laugh to death. Your money-grubber side is really cute."

I am a big man and I am called cute, are you kidding me?

Jin Xiantai's face flushed, and he was a little depressed by Annie's words.

You should know that Jin Xiantai's soul age is older than Annie's.

But now he was actually called cute by Annie, a 27-year-old girl. How could this ‘old man’ like Kim Hyun-tae not feel embarrassed?

Looking at Kim Hyun-tae with a red face, Annie found him more and more interesting.

She suddenly had an illusion that she, the older sister, was teasing a younger brother, which made her excited and thrilled, and she secretly thought in her heart, “Oh, I am such a bad older sister.”