Chapter 10

In the afternoon of the next day, James personally went to the hotel to take Sergesha to the Banking Association. At last night's reception, Seryozha's remarks made him stand out, and the members of the Banking Association invited him to explain his theory in detail at the trade union the next day. In fact, Seryozha did not quite understand the real cause of the subprime mortgage crisis. But he watched many documentaries and movies in this regard before he was reborn. He still understands some basic knowledge in this area, so he found the experts from Glencore overnight to discuss this matter, and based on his own memory, he put together a short report. It's a bit hasty, but it's not a big problem to justify yourself. So Seryozha bit the bullet and began to publicize his report in the trade union auditorium.

"Gentlemen, we now all believe that investing in Japan's real estate market is very safe, and the profits are quite considerable. James, if you were asked to rate Japan's housing loans, what level would you give it?" Sergey Sha Talking eloquently on the podium, he suddenly pointed to James sitting below and asked.

"Of course it is AAA, the highest level. We all know that the Japanese have a lifetime employment system. As long as they have a job, they will not be unemployed, which means that they have a strong repayment ability!" James explained to everyone, although everyone present bankers, but not everyone is familiar with the peculiarities of Japan's credit markets.

"Then those who think it's not safe to invest in Japanese housing mortgages please raise your hands, we can continue to discuss this issue!" Sergey Sha said loudly. There was a burst of laughter from the audience. Everyone thought that Sergei was deliberately teasing everyone. Now no one would think that there is any problem with the Japanese economy. After all, Japan is now the biggest driving force for economic growth in the world. Now the economic growth rate of Western Europe and North America is declining, but Japanese manufacturing is sold all over the world, earning money from all over the world.

"Well, since everyone agrees with this point of view, let's continue the discussion. We all know that the Japanese nation has a fanatical obsession with land. If they have money, they always try to exchange it for land and real estate. Value preservation and appreciation. This year’s richest man in the world, Mr. Tsutsumi Yoshiaki, is a good example. He holds nearly one-sixth of Japan’s land. The magazine estimates that his property is as high as 165 billion US dollars. But as a foreigner, we have no way to directly buy Japanese land. There are policy reasons here, and more of it is the rejection of foreigners by the nature of the Japanese nation. So if we If you want to get a share of this feast of wealth, you have to find other ways to bypass these obstacles." Sergey explained his analysis and insights for everyone, and everyone in the audience nodded frequently, looking thoughtful expression. Many people can't wait to record these theories that Sergey Sha said, and plan to study them carefully after they go back.

"Gentlemen, my solution is asset securitization. This is not a brand new financial product. As early as 1970, the US Government National Mortgage Association pioneered this subversive financial derivative product. But until now , this product is still in the initial stage of development. I think that in the current world, there is no market more suitable for the development of this kind of financial derivatives than Japan! Gentlemen, those duty-free shops at the airport and Oxford Street ( Just like Wangfujing, a famous British shopping destination), the Japanese tourists who bought a lot of luxury stores, look at the Rolls-Royce we export to Japan every year, look at the acquisition of wine estates in France, and the acquisition of Wall Street landmarks in the United States Can we still question the spending power of those Japanese businessmen?" Seryosha began to incite everyone's emotions, he felt that if he did pyramid schemes, he must have a bright future.

"Personal consumption loans and housing loans in Japan are very safe financial products. On this basis, we can create a series of financial asset portfolio tools to provide stable and

Safe, high-yield financial products. I believe that as the Japanese economy continues to grow at a high speed, in the foreseeable future, it is likely to surpass the United States to become the world's number one economic power. I have to admit that by that time, the wealth of Japanese citizens will be far more than that of most European countries. By then, the market size of consumer loans and housing mortgage loans in Japan will be amazing. If someone starts from now Entering this market, he will be the founder of the entire market. At that time, both the trading rules of the subprime loan market and the evaluation mechanism of the subprime loan market will be written by the founder of the market. Friends, this is a once-in-a-lifetime investment opportunity. I believe that any wise investor will not give up this opportunity, especially all of us here! "Seryozha expounded his report in a provocative tone. When the speech was over, the audience applauded thunderously. Everyone stood up by coincidence and felt emotional for Sergey's unique and keen insights. surging.

Seryozha bowed slightly to thank everyone. The reason why he wanted to reveal to these bankers that the main purpose of this plan was for the channels in the hands of these bankers. Seryozha plans to go to Japan as soon as possible to establish a company engaged in financial investment and other companies specializing in the securitization of subprime loans. These packaged securitization products must be sold with the help of large financial institutions to get rich returns. But there is another problem here. Asset securitization is just a package of loans from different customers. The entry threshold is extremely low. As long as it has strong strength, anyone can come in and get involved. Sergey must raise this threshold and let these British people establish an institution similar to the establishment of a market access threshold. Only companies authorized by this institution can issue such products for market transactions. Even Japanese banks must obtain the consent of this institution before they can issue such products.

"Gentlemen, let me stress one last point. Japanese businessmen are very xenophobic. We must unite to seize this once-in-a-lifetime opportunity! I propose that we use the association as the main body to establish an institution that authorizes market access mechanisms. Through this Products with uniform hairstyles from institutions are sold on the open market!" Seryozha said loudly.

"I agree with Mr. Ulyanov, our Rothschild Bank is willing to join this institution!" James said first.

"Royal Bank of Scotland would like to join!"

"And we at Barclays Bank!"

...