Chapter 820 Shorting Yourself

Eleven o'clock at noon, a certain building on Wall Street, a certain office.

"Goldman Sachs system failure, Morgan Stanley server crash, Commonwealth Bank outage..."

Luo An couldn't help but twitch when he heard what Michael Bray described as the reasons given by investment banks for their temporary inability to pay CDS.

It can only be said that it is Wall Street that pays attention to the spirit of contract, and the high-end business war is really simple and unpretentious.

“Mother fu-ker…”

Michael Bray picked up the coffee and drank it in one gulp. The expression on his face was very ugly. He cursed a few times in a low voice and looked up to find Luo An looking calm. His eyes suddenly lit up and he quickly asked:

"Luo An, do you have any good ideas?"

"Don't be anxious, stabilize your condition first, and don't let negative emotions control your brain."

Luo An picked up the coffee and took a sip. After Michael Bray took a few deep breaths and the expression on his face slowly calmed down, he said:

“New Century Financial Corporation went bankrupt and federal housing prices fell. The people who are most anxious are not us, but the investment companies and banks of Goldman Sachs, because they hold a large number of junk financial products.

Put yourself in Michael's shoes, if you were the management of Goldman Sachs, what would you do now? "

Michael Bray's eyes flashed and he answered subconsciously:

"Deceive downstream people and sell out all the junk bonds they still hold. We must not continue to lose money..."

When Michael said this, he became energetic and suddenly looked up at Luo An. The two said in unison:

“Goldman Sachs will short its own position!”

Goldman Sachs and other investment banks have only one fundamental purpose, which is to make money.

As for social stability and the stability of the federal government, they are completely outside their scope of consideration.

Now that federal housing prices are falling, they who hold a large amount of federal housing system bonds will inevitably be severely affected. The decline in the company's stock price is inevitable.

Since it is certain that the stock price of your company will fall 100%, it is not too difficult to understand why you are shorting yourself. After all, the fundamental goal is to make money.

As a fund manager who has worked on Wall Street for many years, Michael Bray heard Luo An's reminder and instantly clarified the context of the matter in his mind. The expression on his face became excited. He slapped the table and said excitedly:

"This is a rare opportunity. We can also short the stocks of investment companies such as Goldman Sachs and Morgan Stanley and make another fortune!"

"That's right."

Luo An nodded with satisfaction and then asked:

"How much is left of the $80 million that was transferred a few days ago? Do you have enough funds in hand?"

"No need to use the money."

Michael Bray, who was reminded by Luo An to clarify his thoughts, once again became a professional manager. He raised the corners of his mouth with a very confident smile on his face and said:

"Now that New Century Financial Corporation has gone bankrupt and federal housing prices have begun to decline, CDS, a financial product, will be the hardest hard currency on Wall Street in the next period of time!

In the past two years, except for you, Luo An, no other investors in the company believe in my judgment, and have repeatedly requested to withdraw their capital..."

Roan smiled and nodded, then continued what Michael Bray said:

“Now when it’s time to redeem the CDS and collect the proceeds, it’s the turn of these people to contribute.”

The people who invested in Michael Bray's company are all wealthy people, and the combined connections and energy behind them cannot be underestimated.

When they were losing money before, these people cursed Michael Bray. Now that it’s time to make money, it’s time for them to charge ahead of Michael Bray and demand that investment banks such as Goldman Sachs and Morgan Stanley pay CDS as a “gamble capital”. .

"Hahaha……"

Michael Bray raised his head and laughed, all the depression in his heart was gone. He stretched out his hand and shook hands with Luo An, and said with a serious face:

"Luo An, believe me, I am absolutely worth every penny you invest in me."

"certainly."

Luo An took a deep look at Michael Bray and said with a smile:

"I have always believed that Mr. Michael Bray is the best fund manager on Wall Street."

The two looked at each other, smiled, and exchanged a few words. Luo An left first, and Michael Bray also picked up his mobile phone and started to contact the rich people.

Not long after the bankruptcy of New Century Financial Corporation, federal housing prices have just begun to fall. Investment companies such as Goldman Sachs and Morgan Stanley cannot cash out CDS immediately. At least they have to wait for them to deal with internal matters within the company.

This period of time will not be short, Luo An cannot focus too much on Wall Street, and it is just right to leave it to Michael Bray, an experienced real estate manager.

However, Luo An also invests in other stocks on Wall Street, such as Apple, Amazon, Google and other Internet companies.

The 2008 financial crisis also had a considerable impact on the stock prices of Internet stocks. For example, the stock price of Google once fell as high as 56%.

There was still time, and the stock prices of Internet companies and other companies had not yet fallen. Luo An decisively sold the stocks of Apple, Google and other companies at hand at high prices in exchange for cash and kept it in the bank. At the same time, he called Mona and Lacey to explain the situation. .

When they heard that Luo An suggested that they sell all the stocks of these companies within the next few days, Michelle, Winslow, and Chenie suddenly opened their eyes and were very surprised.

Considering Roan's past performance, Michelle, Winslow and Chenelle looked at each other and sold them all without hesitation.

As for Mona and Lacey, they acted very quickly. Without asking why, they did not hesitate at all after hanging up the phone. They directly took out their mobile phones to contact the stock traders on Wall Street and asked them to transfer all the stocks they held. Sold.

That afternoon, Luo An left Wall Street in New York and drove back to the investigative team building in Washington, D.C. When he walked into the office area, a group of agents were discussing stock returns.

Winslow and Chenier had joined the special investigation team the shortest time. In addition, the investment amount was not high and the investment time was not long. They made about $700,000 from selling those stocks.

Michelle lasted a little longer, earning more than $900,000.

Mona didn't elaborate, and they didn't plan to ask too much. As for Lacey, she looked at her phone and laughed as soon as she received the text message from the bank, as if her IQ had been cleared.

"How about a bet?"

Seeing Lacey's silly smile and Winslow's head full of black lines, he patted Chenelle on the shoulder and whispered:

"I bet ten dollars that when Luo An comes back, this guy will definitely be the first to pounce on him."

"I'll bet ten dollars too."

Chenelle rolled her eyes and whispered:

"I bet when Lacey pounces on her, Luo An will slap her aside."

"make a deal."

Not long after, Luo An pushed the door open and said casually:

"Everyone, I'm back."

"Roan!"

As soon as she finished speaking, Lacey suddenly jumped up from the chair, jumped towards Luo An, and said excitedly:

"You are the most handsome man in the world!"

"Thank you for the compliment, but there's no need to tell the truth."

Luo An responded casually, took a step to the right to avoid Lacey's surprise attack, then grabbed Lacey's clothes and threw her onto a chair nearby.

In the office area, Winslow and Chenelle nodded as expected, then each took out ten dollars and handed them to the other.

"..."x2

Seeing the actions of Winslow and Chenelle, Mona and Michelle looked at each other and saw the speechlessness in each other's eyes. They felt that the people in the investigation team seemed to be getting more and more outrageous.

After a moment of silence, Mona raised her hand and said:

"Luo An, I have something to ask."