Chapter 547 Sure Enough

Annie put aside her worries for Kim Hyun-tae for the time being. After all, his plan to monopolize the express delivery industry has not yet started, and it will take some time before it is even implemented. Therefore, before the core interests of the Italian mafia are involved, Kim Hyun-tae Father and daughter won't have any trouble at all, so instead of worrying uselessly about this matter now, Anne might as well focus on serious matters.

Therefore, after hearing what the old butler said, Annie put back her somewhat chaotic thoughts, and at the same time turned her head to look at her old butler.

In the crib next to them, the two babies were sleeping very soundly, and one of them even exhaled snot, Bubbles, so cute to the extreme.

"What's the result of the investigation?"

Now that the old housekeeper said that the investigation on the subprime debt has been completed, of course Annie wants to ask. After all, she owns a lot of subprime debt. If there is really a crisis as Kim Hyun-tae thinks, Annie I don't want to suffer because of it.

Although she earned a huge fortune of one trillion U.S. dollars in Japan last year, this year she abandoned some European companies and invested in American port ships and ship vehicles because of the need to have children and adjust the focus of her business. Manufacturing and other heavy industries cost her a lot of money.

Otherwise, how could she have won more than 90% of the port terminals on the east and west coasts of the United States in such a short period of time, and successfully entered the American heavy industry circle and became an upstart.

In addition to Anne's business replacement in Europe, she must also spend a large sum of money to the other party, in order to satisfy the other party and achieve her own goals, isn't it?

Therefore, after such a lot of spending, the money has been depleted by now.

Goodness, that's a trillion dollars, not Zimbabwean dollars.

Of course, even though the one trillion dollar banknotes are gone, Anne doesn't necessarily suffer a loss.

Nowadays, in the import and export business of the United States, anyone has to act according to her face. Who let Annie control 90% of the port terminals in the United States, and she also has a large-scale fleet in her hands, and several years of production. A large shipyard with several tons of ships can be described as an out-and-out American ship queen.

And after abandoning those companies in Europe that would cause trouble, she returned to the United States and started to build core businesses other than banks. Anne also expanded her investment in the field of heavy industry and manufacturing, allowing her to realize her business in the United States at once. The status of the industry has been greatly improved.

Especially after she passed the Vietnam War in the United States, she won the right to issue U.S. national debt through the relationship of the old George, and she ate 60% of the national debt.

Let your own Whiston Bank eat a dry interest of 20 per year and make a lot of money.

But even so, Anne didn't want to fall into the trap of subordinated bonds.

You know, she has a lot of subordinated bonds, almost 100 billion US dollars.

The reason why I bought subordinated bonds at the beginning was mainly because the interest return of this financial product is good, at least it is more stable than investing in other fields.

But looking at it now, subordinated bonds are not really that stable, and there are huge hidden dangers hidden in them.

Although losing money several times won't hurt Annie, it is absolutely unavoidable to become someone else's talking point.

In Annie's position, face needs to be valued and maintained.

So Annie didn't want to stumble on this matter.

If it wasn't for Kim Hyun-tae's appearance, Annie in this time and space would follow the original life trajectory, maybe she would no longer be in this world by now.

Whiston Bank also fell apart long ago and ceased to exist.

Where will it be like now, under the leadership of Anne, she has shifted her focus back to the United States, and with the support of sufficient capital, she has gained a firm foothold, making her the queen of ships.

All these changes basically come from the influence of Kim Hyun-tae, a little butterfly. Although she is not very clear about this, Annie understands one thing very well, that is, the fact that Kim Hyun-tae was the initiator of the Plaza Accord.

So how can someone with such a keen eye not let Annie care about the subprime bond crisis?

So she asked the old housekeeper to do some investigation, and it turned out that Jin Xiantai was right.

Of course, even if Kim Hyun-tae's keen financial intuition is not taken into consideration, Anne will take it into account just because he is the father of her child.

"Miss, the hidden dangers and risks of subprime bonds are very great. We were not very clear about these in the past. According to my investigation, Morgan is actually aware of the risks. It's just that they can ignore this problem and keep advocating this. Financial products make people think that this financial product is really like what they advocate, with low risk and high return."

Old Nord talked to Anne, and Anne was very quiet.

After sorting out his thoughts, the old housekeeper continued: "On the surface, there is nothing wrong with the subordinated bonds. In fact, the problems are hidden by the packaging. Ordinary people and even some professionals will not see the hidden dangers. If it is not We have conducted a special investigation, and it is impossible to know these hidden dangers.

Subordinated bonds sell credit, and their product value is also based on the guarantee of the credit system. People who apply for loans to buy real estate believe that they will not default on their debts, and insurance companies also provide guarantees for this, so subordinated bonds are It will have value and become more attractive, but the question is what if there are more bad debts, that is, more people who renege on debts? "

As Annie, whose core business of the family is the bank, of course, she knows very well what the situation will be like after the incident mentioned by the old housekeeper happens.

This is like a domino effect, which will have a great impact, and this impact will be very far-reaching.

First it was the insurance industry, then the banks, and then the people who bought the subprime bonds.

People who buy real estate with a loan will be required to purchase a mortgage insurance. Once the property owners maliciously renege on their debts, or even simply give up the property, the value of this insurance will no longer exist.

And the subprime bonds built on top of this will also become worthless garbage at the same time.

Then those who bought the subordinated bonds would lose any value in the subordinated bonds in their hands.

What's even more frightening is that in order to get rid of the huge insurance expenses, the capitalists of the insurance company will even resort to bankruptcy to solve this trouble.

At that time, Kim Hyun-tae's subprime debt swap agreement will become a real money-making thing.

Very simple, the subprime debt swap agreement purchased at a tenth of the value of the subprime debt will appreciate to the value of the peak period of the subprime debt, and because he is very shrewd to conduct this business with the bank, and The insurance company has nothing to do with Mao, so the bank must perform its contract according to the agreement, which will make Kim Hyun-tae a lot of money.

Think about it, Kim Hyun-tae's father and daughter's 70 billion US dollars investment will multiply by more than ten times at once. What kind of concept is that.

Of course, if the subprime debt crisis breaks out, banks will definitely lose money.

After all, bad debts will increase. At most, they are stronger than insurance companies in that they can forcibly recover the property of bad debtors, but the value of the property will drop a lot, so they are stronger than insurance companies in this regard.

"Tell me about the investigation in detail. I need to know about this."

Thinking of this, Annie's expression became much more serious.

The old housekeeper Nord nodded, picked up the document in his hand and began to read: "Mary, 32 years old, is a dancer in a topless club, with an elementary school education, white, single mother, has two children, lives in Detroit , work characteristics and her living conditions, it is destined that it will be very troublesome to get a loan, but with the help of a real estate agency, she can easily pass the mortgage business and obtain mortgage approval, but according to our investigators, she has already She hasn't paid off her mortgage for half a year, and her mortgage has also been added to subprime debt products, and the rating is excellent."

"Krulner, male, 48 years old, jobless, drug addict, he also applied for a mortgage and was approved, but this guy doesn't own a house, and all the procedures about his loan are forged. As an applicant, he He just received a favor fee of 3,000 US dollars, and the 2.5 billion mortgage he applied for fell into the pockets of the real estate agent, bank staff, and insurance company's three-party handlers, and his loan was also added to the subprime debt product, and the rating was still good. "

Listening to the contents of the old housekeeper Nord's readers' survey results, Anne's expression gradually became more and more ugly.

To be honest, the contents of this survey result sound a bit sensational.

Looking at this matter from another angle, some unscrupulous guys can even be united together, and it is not an exaggeration to deceive the public.

The old housekeeper Nord only said two investigations, but any one of them was not eligible to apply for a mortgage, but in the investigation they not only successfully passed the application and got the loan, but their mortgage was also added to the sub-debt Products were sold to investors.

Doesn't Morgan know what's tricky here?

No!

Annie thinks that Morgan's top management must be clear, and the reason why they didn't say anything is that they intend to transfer the risk.

As for the transfer to whom?

Of course, those poor investors who were deceived by them.

But if this is the case, why did Citibank and Kim Hyun-tae design the financial product that was made for them alone, that is, the subprime debt swap agreement?

Perhaps, the people at Citibank don't know the tricks in it?

Annie, who was thinking about it, could only think of such an explanation in the end. After all, those guys at Citibank are not financial philanthropists who will give away their own money.

But anyway, the survey results show that Kim Hyun-tae will definitely make money.

And Annie also felt that she should do something to prepare for a rainy day, that is, to quickly get rid of the 100 billion US dollars of subprime debt in her hand, so as to save herself from being trapped when the time comes. To be continued^