Chapter 1936 Senior Sister Is the Most Important (Part 1)

In fact, the Madoff scam model is a plagiarism of the typical "Ponzi scheme", which is not new. It uses high returns to lure investors, and at the same time uses later investors' funds to pay early investors, which is simple and rude.

Madoff wraps himself with kindness and "flawless" investment shell. Trust him, and you will get a steady return of 1%-2% per month. Madoff himself pursued an impeccable business record, committed to fair dealing, and maintained high ethical standards, all of which are hallmarks of the Madoff company well known on Wall Street.

However, Madoff is smarter. His harsh condition for attracting investment is that if you want to invest in Madoff, please don't ask him any questions about investment. As for why he can make money when others are not making money, Madoff simply explained it in a few words: "inside information." Many shrewd hedge fund managers, bankers, and professional investors were easily conquered by the words "inside information".

Under the shining shell, many clues leaked out, but the proud Wall Street turned a blind eye to it, and some people even participated in it, such as JPMorgan Chase, which provided Madoff with a lot of convenience. In the future, JP Morgan Chase paid US$1.7 billion to settle government charges related to the financial giant Madoff.

The Madoff scam lasted for 20 years, with an investment of up to 50 to 60 billion U.S. dollars, cheating a large number of rich and professional people. This is a great irony to Wall Street regulators.

At that time, Lin Jiayi even suggested that Guo Tailai invest in Madoff in order to obtain an investment return of more than 15% a year, but Guo Tailai refused. This time Guo Tailai was directly in front of a bunch of predators, reminding everyone to pay attention.

As Guo Tailai said, he only moved 10 billion US dollars here. Almost everyone knows what Guo Tailai wants to do. Everyone should be careful when entering the market, for fear of causing market fluctuations. Over there, Madoff invested 50 billion US dollars, but Wall Street knew nothing about his investment goals and targets, and there seemed to be nothing abnormal in the market. Is this normal?

Of course not! Who here is an investment rookie? Many people have a relatively deep personal relationship with Madoff. They also deceive themselves and take it for granted that the old friend is of a high standard. But is that really the case?

There are many signs that Madoff's investment is absolutely abnormal, but everyone is unwilling to think in which direction. Of course, it is also related to Madoff’s previous position. He is the former chairman of Nasdaq, a Jew, and a philanthropist, which greatly reduces the vigilance of many people. Coupled with the temptation of high returns, greedy people who Think the venerable former Nasdaq chairman is a liar?

But now, everyone has to think in that direction. Especially Mr. Morgan, who probably knew a little more than the others. Of course, most people have their own investment channels and have not invested in Madoff, but after all, some people have more or less invested in some.

With Guo Tailai's reminder, if everyone thinks about it like this again, basically most of them will change their faces. Even those who did not invest realized that something was wrong with Madoff, and those who had invested wished they could take action immediately and withdraw their capital as soon as possible.

It’s a typical one-leaf blindfold. If you really want to say how clever Madoff’s method is, it may not be true. It’s just that he captured people’s greed and trust in his status as the former chairman of Nasdaq. It’s a very simple Ponzi scheme! The entire Wall Street elite was tricked by him.

"G, thank you very much!" Mr. Morgan was the first to express his thanks. If we really continue to cooperate with Madoff, we will definitely be dragged into a bottomless pit, on the order of tens of billions of dollars. JPMorgan Chase is rich, but it can't stand the depth of this pit!

The whole night, all the club members did not sleep. Of course, it’s still daytime in the western hemisphere, but they’ve pushed away all the work and concentrated in front of the satellite communicator. At this moment, what work is more important than the trillion-dollar crisis that may follow ? Is it difficult to choose whether to enjoy the food in such a big scene, or to watch other people's food for pleasure, and maybe you will be eaten if you are greedy?

Is it a question of whether you are a dead friend or a dead poor? In front of capital and capitalists, is this a problem?

After being busy all night, Guo Tailai revealed the subprime mortgage crisis in a relatively passive way, but the result was not bad. The members of the club will all enter the arena, and everyone believes in Lin Jiayi's judgment. The only problem is that they have combined a huge amount of capital. It is very difficult to complete the entry work within a month without causing too much market turmoil.

Fortunately, no matter how difficult it was, it was Lin Jiayi's business, and Guo Tailai finally got away with nothing. But he never felt at ease. His senior sister went abroad and was injured, which made him very disturbed. It's just that the senior sister has not taken the initiative to mention a word until now, and Guo Tailai will not ask, the senior sister and their troops are a secret unit, and not everyone can casually inquire about the whereabouts and missions of any soldier.

Confidentiality regulations, don't read what shouldn't be read, don't ask what shouldn't be asked. Guo Tailai couldn't inquire, so he could only stay in the workshop next to the airport and work hard to make all the cars to be made, and then he could celebrate the Spring Festival with his senior sister in a legitimate way.

A part of the early stage has been completed, and Guo Tailai also speeded up to make military vehicles under anxiety. However, at that time, Guo Tailai thought well, so he designed all the functional modules of this military vehicle, and now it is not so easy to manufacture and assemble them all. The processing of the MT50 gas turbine and the MiG 29 that was being carried out at the same time has temporarily stopped, and the production of these military vehicles will be done with all our strength.

This year's Spring Festival falls on February 18, but Guo Tailai completed all the vehicle assembly and painting in less than February 5. I wanted to contact my senior sister immediately, but I couldn't get through the phone call. Although he knew that his senior sister was in good health, Guo Tailai still couldn't help being a little worried. He continued to process MT50 and MiG 29 patiently and tried to make two phone calls every day.

It lasted for more than a week, but Guo Tailai couldn't contact the senior sister.

When resting with Lin Jiayi tonight, Lin Jiayi, who took the initiative to enjoy the passion, told Guo Tailai the good news with a smile on her face.

Just yesterday, on February 13th, Countrywide Financial Corp, the largest subprime mortgage company in the United States, announced that it would reduce lending, and New Century Finance, the second largest subprime mortgage company in the United States, issued the 2006 No. Profit warning for the fourth quarter.

HSBC Holdings announced its results and added an additional US$7 billion in reserves for subprime housing loans in the United States, totaling US$10.573 billion, an increase of 33.6%. As soon as the news came out, the stock market plummeted that day, among which the Hang Seng Index fell 777 points, or 4%.

About a month ago, Lin Jiayi predicted that the subprime mortgage crisis would start a month later. Now, a month later, US mortgage risks are finally starting to surface.