Chapter 464: 464
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The long flowing Maybach is driving on the streets of Manhattan. The incessant flow of cars and people make up the most prosperous area of New York City.
Andy has been thinking about another problem. As a soul of the Chinese Empire, he is very interested in these families of the US empire. After all, he belongs to the top circle of the US empire.
Just like the coming subprime crisis, why do ordinary people dress up as investors, most of them will lose money? Because they are "ordinary people"!
Why do the Morgan family, the Bush family, the Kennedy family, the Smith family and so on stand?
Because their family's predecessors sold weapons to belligerents during civil war, traded with axis countries during World War II, and profited from all kinds of defense of the United States! As a result, they have gained a strong accumulation of capital and social context, and finally become XX family!
Andy found that, as ordinary investors, their weak position in the capital market is incomparable. The vast majority of the so-called wealth acquisition is a dream or "temporarily arrived and flew away"!
Money, just like a trickle, flows from the bottom of every wage earner, through the complex framework of financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket!
On Wall Street, Maybach slowly stopped at the side of the road, and alvert's train and others had been waiting in front of Moody's headquarters building for some time.
Seeing Andy get out of the car, two SUVs open the door, six people in suits quickly walk to Andy.
Andy nodded to the crowd, took the lead to walk to the building, the emergence of a group of people, caused a lot of people's attention, some people recognize Andy, can not help but slightly stunned.
As soon as Andy stepped into the building, someone came up to greet him and politely guided them to take the exclusive elevator.
In 1975, the SEC recognized Moody's, standard & Poor's and Fitch as the nationally recognized rating organizations. Since then, three companies have monopolized the international rating industry.
The oligarchy effect means a strong voice in the capital market, and they may put rating pressure on some small companies to obtain excess profits. Just as it is absurd for the Third Congress to issue a healthy medical certificate to a dying patient as long as there is enough money, and the wrong report will push a well run company to the brink of destruction, or even enlarge the potential crisis of a country infinitely.
They play very well in this way. It's not twice. As long as they have enough interests, they can even sell their souls. Well, this sentence is rotten, but it can best reflect their essence.
In Moody's CEO's office, Raymond put down his phone and said to the old man sitting opposite respectfully, "here he is."
The old man with grey hair and a little balding is dressed in a proper suit. The shirt inside is white but not brand-new. He gently holds the black frame glasses on the bridge of his nose. His eyes are bright and deep.
"Interesting young man, let's listen to what he said..."
Say, stand up from the chair, slowly walk to a door in the office, open and walk in.
Andy takes Al and bud into the CEO's office, shakes hands with Raymond with a smile, and then sits in the rest area.
"To be honest, many people on Wall Street are following Mr. Smith's direction. It's surprising that you will choose moody's." Raymond didn't choose to go around in a polite way, but if he said it with deep meaning, he hoped to disturb the young people's rhythm unexpectedly, so as to get the answer quickly.
Andy just smiled calmly, ignored the other side's temptation, and directly asked, "why is the MBS with such a high default rate still rated 3A?"
Raymond frowned a little, then smiled perfunctorily: "MBS yield is stable, the risk is small, endorsed by Fannie and Freddie, it will be 3A naturally, is there any problem?"
"Ha ha, thank you." Andy's smile was very sunny, and he didn't feel angry because of the other's perfunctory, but he said thank you, stood up, held out his hand and said, "sorry to disturb you, thank you for your answer."
Then Andy in the other party's stupefied, with Al and face deep as water badstone to go out.
"Mr. Smith, please wait..."
Andy stops, smiles back and says, "Mr. Raymond, is there anything else? We can leave by ourselves, no need to send it. "
"Mr. Smith, are you just here today to ask that question?"
"Of course, otherwise, I just feel confused. I'm very satisfied to hear your answer. Thank you. At the same time, I understand a sentence that you can never wake a person who pretends to sleep... Nice to meet you. Please stay. "
Raymond watched Andy turn away with a smile, speechless, as if he was really just asking that simple question.
Click.
The door of the rest room in the office opened, and the old man came out with his face as heavy as water. He sat on the chair, took off his glasses, took out a handkerchief from his pocket, and wiped it slowly."Mr. Buffett, what do you think?"
Warren Buffett put on his glasses, his eyes twinkled, which means that it's difficult to say: "he's trying to wake up the sleepers. If he continues to be disappointed, he will make all the sleepers have to wake up..."
"Boss, where are we going?"
Andy walked out of the building and said with a smile, "just around the corner, the next stop is standard & Poor's."
。。。。。。
In the Morgan Stanley conference room, the first person sat quietly waiting for the answer of the person standing by holding the mobile phone.
"Sir, he went to S & P..."
"Everyone, you should have seen the information sent this morning. Howie schubler not only deceived customers, but also us. He will be sent to prison. Then, how can we make up for the 16 billion swap contracts and 9 billion losses? This financial storm is imminent. Will the government rescue it? We are already selling a lot of junk bonds, but we are not fools. Who will continue to take the offer now? "
There was silence in the conference room. Everyone was frowning and gloomy. If there was no solution, they would lose a lot. Morgan Stanley had been firmly shrouded in the risk of bankruptcy.
“。。。 The price of CBS is determined by us. We still refuse to buy those toxic bonds at a high price according to the previous practice! "
"Yes, even in a financial crisis, the government will never watch Morgan Stanley go bankrupt..."
The meeting room rang out one after another voice, one by one eloquent out of a variety of attention.
"Who can tell me how strict our control over cash flow is? What kind of credit line do we have? "
Once again, the audience quieted down and looked at each other one by one until an uncertain voice sounded, "data shows that the situation is getting worse!"
"Damn, 15 billion of the swap agreements, 4 billion of which are still in the hands of our subsidiaries! Everyone, let's discuss how to deal with the gambling agreement in the hands of the one who is going to S & P
"I'll talk to Greg and ask him to sell the agreement to the parent company at a low price..." A black woman said hesitantly.
"Sure?"
"I can only try. After all, we are bankrupt and Greg's company will be involved. I think he will understand." In fact, black women also know that they are likely to return empty handed. After all, the benefits of four billion dollars are not something she can say back with her mouth.
"Andy Smith
When the CEO said the name, the whole audience frowned. It was not because of the power of Andy's family, but because of his $7.2 billion gambling agreement.
This NIMA is going to die!
"Maybe it's just that people worry too much, but there won't be any financial crisis."
"Pa!"
Morgan Stanley's CEO patted the table and glared at the person who had just spoken. "Get out, pack your things. You're fired! Now! "
The meeting room was dusty and silent.
"Talk to him..."
"I'm a friend of bardstone and I can go and find out about each other's bottom line."
Andy walked out of the standard & Poor's headquarters building with a smirk, chuckled out loud, looked back at the tall building, shook his head, walked to the Maybach gate, and was about to stoop to get on the bus.
"Boss, Morgan Stanley people, want to meet me." Bardstone held the phone in his hand, and a smile finally appeared on his gloomy face.
"Go, as agreed! JPMorgan Chase, UBS, Citibank and the cream countries are all interested in their company. "
Badstone nodded and turned away. Andy said to alvette: "I think the ignorant Deutsche Bank can see the reality clearly. Go back to the company. I'll go to Newsweek building. I need to copy the cover of the next issue and express it to the two major rating companies."
In the speeding car, Andy looks at a self drawn cartoon with a smile on his face.
The ruins of Wall Street are covered with corpses. People representing the two major rating agencies cry out in crocodile tears, "why is that so?" "We also want to ask you why it is like this!" cried the dense ghosts around them
It may not play a big role before the crisis. But after the subprime crisis, the financial crisis investigation committee composed of the U.S. Senate and the occupy Wall Street organizations will find a clear goal.
Of course, Andy is just a means. You can sit down and talk about it. But then, the roles that need to be visited need to be changed.
Please report us if you find any errors so we can fix it asap!
The long flowing Maybach is driving on the streets of Manhattan. The incessant flow of cars and people make up the most prosperous area of New York City.
Andy has been thinking about another problem. As a soul of the Chinese Empire, he is very interested in these families of the US empire. After all, he belongs to the top circle of the US empire.
Just like the coming subprime crisis, why do ordinary people dress up as investors, most of them will lose money? Because they are "ordinary people"!
Why do the Morgan family, the Bush family, the Kennedy family, the Smith family and so on stand?
Because their family's predecessors sold weapons to belligerents during civil war, traded with axis countries during World War II, and profited from all kinds of defense of the United States! As a result, they have gained a strong accumulation of capital and social context, and finally become XX family!
Andy found that, as ordinary investors, their weak position in the capital market is incomparable. The vast majority of the so-called wealth acquisition is a dream or "temporarily arrived and flew away"!
Money, just like a trickle, flows from the bottom of every wage earner, through the complex framework of financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket!
On Wall Street, Maybach slowly stopped at the side of the road, and alvert's train and others had been waiting in front of Moody's headquarters building for some time.
Seeing Andy get out of the car, two SUVs open the door, six people in suits quickly walk to Andy.
Andy nodded to the crowd, took the lead to walk to the building, the emergence of a group of people, caused a lot of people's attention, some people recognize Andy, can not help but slightly stunned.
As soon as Andy stepped into the building, someone came up to greet him and politely guided them to take the exclusive elevator.
In 1975, the SEC recognized Moody's, standard & Poor's and Fitch as the nationally recognized rating organizations. Since then, three companies have monopolized the international rating industry.
The oligarchy effect means a strong voice in the capital market, and they may put rating pressure on some small companies to obtain excess profits. Just as it is absurd for the Third Congress to issue a healthy medical certificate to a dying patient as long as there is enough money, and the wrong report will push a well run company to the brink of destruction, or even enlarge the potential crisis of a country infinitely.
They play very well in this way. It's not twice. As long as they have enough interests, they can even sell their souls. Well, this sentence is rotten, but it can best reflect their essence.
In Moody's CEO's office, Raymond put down his phone and said to the old man sitting opposite respectfully, "here he is."
The old man with grey hair and a little balding is dressed in a proper suit. The shirt inside is white but not brand-new. He gently holds the black frame glasses on the bridge of his nose. His eyes are bright and deep.
"Interesting young man, let's listen to what he said..."
Say, stand up from the chair, slowly walk to a door in the office, open and walk in.
Andy takes Al and bud into the CEO's office, shakes hands with Raymond with a smile, and then sits in the rest area.
"To be honest, many people on Wall Street are following Mr. Smith's direction. It's surprising that you will choose moody's." Raymond didn't choose to go around in a polite way, but if he said it with deep meaning, he hoped to disturb the young people's rhythm unexpectedly, so as to get the answer quickly.
Andy just smiled calmly, ignored the other side's temptation, and directly asked, "why is the MBS with such a high default rate still rated 3A?"
Raymond frowned a little, then smiled perfunctorily: "MBS yield is stable, the risk is small, endorsed by Fannie and Freddie, it will be 3A naturally, is there any problem?"
"Ha ha, thank you." Andy's smile was very sunny, and he didn't feel angry because of the other's perfunctory, but he said thank you, stood up, held out his hand and said, "sorry to disturb you, thank you for your answer."
Then Andy in the other party's stupefied, with Al and face deep as water badstone to go out.
"Mr. Smith, please wait..."
Andy stops, smiles back and says, "Mr. Raymond, is there anything else? We can leave by ourselves, no need to send it. "
"Mr. Smith, are you just here today to ask that question?"
"Of course, otherwise, I just feel confused. I'm very satisfied to hear your answer. Thank you. At the same time, I understand a sentence that you can never wake a person who pretends to sleep... Nice to meet you. Please stay. "
Raymond watched Andy turn away with a smile, speechless, as if he was really just asking that simple question.
Click.
The door of the rest room in the office opened, and the old man came out with his face as heavy as water. He sat on the chair, took off his glasses, took out a handkerchief from his pocket, and wiped it slowly."Mr. Buffett, what do you think?"
Warren Buffett put on his glasses, his eyes twinkled, which means that it's difficult to say: "he's trying to wake up the sleepers. If he continues to be disappointed, he will make all the sleepers have to wake up..."
"Boss, where are we going?"
Andy walked out of the building and said with a smile, "just around the corner, the next stop is standard & Poor's."
。。。。。。
In the Morgan Stanley conference room, the first person sat quietly waiting for the answer of the person standing by holding the mobile phone.
"Sir, he went to S & P..."
"Everyone, you should have seen the information sent this morning. Howie schubler not only deceived customers, but also us. He will be sent to prison. Then, how can we make up for the 16 billion swap contracts and 9 billion losses? This financial storm is imminent. Will the government rescue it? We are already selling a lot of junk bonds, but we are not fools. Who will continue to take the offer now? "
There was silence in the conference room. Everyone was frowning and gloomy. If there was no solution, they would lose a lot. Morgan Stanley had been firmly shrouded in the risk of bankruptcy.
“。。。 The price of CBS is determined by us. We still refuse to buy those toxic bonds at a high price according to the previous practice! "
"Yes, even in a financial crisis, the government will never watch Morgan Stanley go bankrupt..."
The meeting room rang out one after another voice, one by one eloquent out of a variety of attention.
"Who can tell me how strict our control over cash flow is? What kind of credit line do we have? "
Once again, the audience quieted down and looked at each other one by one until an uncertain voice sounded, "data shows that the situation is getting worse!"
"Damn, 15 billion of the swap agreements, 4 billion of which are still in the hands of our subsidiaries! Everyone, let's discuss how to deal with the gambling agreement in the hands of the one who is going to S & P
"I'll talk to Greg and ask him to sell the agreement to the parent company at a low price..." A black woman said hesitantly.
"Sure?"
"I can only try. After all, we are bankrupt and Greg's company will be involved. I think he will understand." In fact, black women also know that they are likely to return empty handed. After all, the benefits of four billion dollars are not something she can say back with her mouth.
"Andy Smith
When the CEO said the name, the whole audience frowned. It was not because of the power of Andy's family, but because of his $7.2 billion gambling agreement.
This NIMA is going to die!
"Maybe it's just that people worry too much, but there won't be any financial crisis."
"Pa!"
Morgan Stanley's CEO patted the table and glared at the person who had just spoken. "Get out, pack your things. You're fired! Now! "
The meeting room was dusty and silent.
"Talk to him..."
"I'm a friend of bardstone and I can go and find out about each other's bottom line."
Andy walked out of the standard & Poor's headquarters building with a smirk, chuckled out loud, looked back at the tall building, shook his head, walked to the Maybach gate, and was about to stoop to get on the bus.
"Boss, Morgan Stanley people, want to meet me." Bardstone held the phone in his hand, and a smile finally appeared on his gloomy face.
"Go, as agreed! JPMorgan Chase, UBS, Citibank and the cream countries are all interested in their company. "
Badstone nodded and turned away. Andy said to alvette: "I think the ignorant Deutsche Bank can see the reality clearly. Go back to the company. I'll go to Newsweek building. I need to copy the cover of the next issue and express it to the two major rating companies."
In the speeding car, Andy looks at a self drawn cartoon with a smile on his face.
The ruins of Wall Street are covered with corpses. People representing the two major rating agencies cry out in crocodile tears, "why is that so?" "We also want to ask you why it is like this!" cried the dense ghosts around them
It may not play a big role before the crisis. But after the subprime crisis, the financial crisis investigation committee composed of the U.S. Senate and the occupy Wall Street organizations will find a clear goal.
Of course, Andy is just a means. You can sit down and talk about it. But then, the roles that need to be visited need to be changed.
The long flowing Maybach is driving on the streets of Manhattan. The incessant flow of cars and people make up the most prosperous area of New York City. Andy has been thinking about another problem. As a soul of the Chinese Empire, he is very interested in these families of the US empire. After all, he belongs to the top circle of the US empire. Just like the coming subprime crisis, why do ordinary people dress up as investors, most of them will lose money? Because they are "ordinary people"! Why do the Morgan family, the Bush family, the Kennedy family, the Smith family and so on stand? Because their family's predecessors sold weapons to belligerents during civil war, traded with axis countries during World War II, and profited from all kinds of defense of the United States! As a result, they have gained a strong accumulation of capital and social context, and finally become XX family! Andy found that, as ordinary investors, their weak position in the capital market is incomparable. The vast majority of the so-called wealth acquisition is a dream or "temporarily arrived and flew away"! Money, just like a trickle, flows from the bottom of every wage earner, through the complex framework of financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket! On Wall Street, Maybach slowly stopped at the side of the road, and alvert's train and others had been waiting in front of Moody's headquarters building for some time. Seeing Andy get out of the car, two SUVs open the door, six people in suits quickly walk to Andy. Andy nodded to the crowd, took the lead to walk to the building, the emergence of a group of people, caused a lot of people's attention, some people recognize Andy, can not help but slightly stunned. As soon as Andy stepped into the building, someone came up to greet him and politely guided them to take the exclusive elevator. In 1975, the SEC recognized Moody's, standard & Poor's and Fitch as the nationally recognized rating organizations. Since then, three companies have monopolized the international rating industry. The oligarchy effect means a strong voice in the capital market, and they may put rating pressure on some small companies to obtain excess profits. Just as it is absurd for the Third Congress to issue a healthy medical certificate to a dying patient as long as there is enough money, and the wrong report will push a well run company to the brink of destruction, or even enlarge the potential crisis of a country infinitely. They play very well in this way. It's not twice. As long as they have enough interests, they can even sell their souls. Well, this sentence is rotten, but it can best reflect their essence. In Moody's CEO's office, Raymond put down his phone and said to the old man sitting opposite respectfully, "here he is." The old man with grey hair and a little balding is dressed in a proper suit. The shirt inside is white but not brand-new. He gently holds the black frame glasses on the bridge of his nose. His eyes are bright and deep. "Interesting young man, let's listen to what he said..." Say, stand up from the chair, slowly walk to a door in the office, open and walk in. Andy takes Al and bud into the CEO's office, shakes hands with Raymond with a smile, and then sits in the rest area. "To be honest, many people on Wall Street are following Mr. Smith's direction. It's surprising that you will choose moody's." Raymond didn't choose to go around in a polite way, but if he said it with deep meaning, he hoped to disturb the young people's rhythm unexpectedly, so as to get the answer quickly. Andy just smiled calmly, ignored the other side's temptation, and directly asked, "why is the MBS with such a high default rate still rated 3A?" Raymond frowned a little, then smiled perfunctorily: "MBS yield is stable, the risk is small, endorsed by Fannie and Freddie, it will be 3A naturally, is there any problem?" "Ha ha, thank you." Andy's smile was very sunny, and he didn't feel angry because of the other's perfunctory, but he said thank you, stood up, held out his hand and said, "sorry to disturb you, thank you for your answer." Then Andy in the other party's stupefied, with Al and face deep as water badstone to go out. "Mr. Smith, please wait..." Andy stops, smiles back and says, "Mr. Raymond, is there anything else? We can leave by ourselves, no need to send it. " "Mr. Smith, are you just here today to ask that question?" "Of course, otherwise, I just feel confused. I'm very satisfied to hear your answer. Thank you. At the same time, I understand a sentence that you can never wake a person who pretends to sleep... Nice to meet you. Please stay. " Raymond watched Andy turn away with a smile, speechless, as if he was really just asking that simple question. Click. The door of the rest room in the office opened, and the old man came out with his face as heavy as water. He sat on the chair, took off his glasses, took out a handkerchief from his pocket, and wiped it slowly."Mr. Buffett, what do you think?" Warren Buffett put on his glasses, his eyes twinkled, which means that it's difficult to say: "he's trying to wake up the sleepers. If he continues to be disappointed, he will make all the sleepers have to wake up..." "Boss, where are we going?" Andy walked out of the building and said with a smile, "just around the corner, the next stop is standard & Poor's." In the Morgan Stanley conference room, the first person sat quietly waiting for the answer of the person standing by holding the mobile phone. "Sir, he went to S & P..." "Everyone, you should have seen the information sent this morning. Howie schubler not only deceived customers, but also us. He will be sent to prison. Then, how can we make up for the 16 billion swap contracts and 9 billion losses? This financial storm is imminent. Will the government rescue it? We are already selling a lot of junk bonds, but we are not fools. Who will continue to take the offer now? " There was silence in the conference room. Everyone was frowning and gloomy. If there was no solution, they would lose a lot. Morgan Stanley had been firmly shrouded in the risk of bankruptcy. The price of CBS is determined by us. We still refuse to buy those toxic bonds at a high price according to the previous practice! " "Yes, even in a financial crisis, the government will never watch Morgan Stanley go bankrupt..." The meeting room rang out one after another voice, one by one eloquent out of a variety of attention. "Who can tell me how strict our control over cash flow is? What kind of credit line do we have? " Once again, the audience quieted down and looked at each other one by one until an uncertain voice sounded, "data shows that the situation is getting worse!" "Damn, 15 billion of the swap agreements, 4 billion of which are still in the hands of our subsidiaries! Everyone, let's discuss how to deal with the gambling agreement in the hands of the one who is going to S & P "I'll talk to Greg and ask him to sell the agreement to the parent company at a low price..." A black woman said hesitantly. "Sure?" "I can only try. After all, we are bankrupt and Greg's company will be involved. I think he will understand." In fact, black women also know that they are likely to return empty handed. After all, the benefits of four billion dollars are not something she can say back with her mouth. "Andy Smith When the CEO said the name, the whole audience frowned. It was not because of the power of Andy's family, but because of his $7.2 billion gambling agreement. This NIMA is going to die! "Maybe it's just that people worry too much, but there won't be any financial crisis." "Pa!" Morgan Stanley's CEO patted the table and glared at the person who had just spoken. "Get out, pack your things. You're fired! Now! " The meeting room was dusty and silent. "Talk to him..." "I'm a friend of bardstone and I can go and find out about each other's bottom line." Andy walked out of the standard & Poor's headquarters building with a smirk, chuckled out loud, looked back at the tall building, shook his head, walked to the Maybach gate, and was about to stoop to get on the bus. "Boss, Morgan Stanley people, want to meet me." Bardstone held the phone in his hand, and a smile finally appeared on his gloomy face. "Go, as agreed! JPMorgan Chase, UBS, Citibank and the cream countries are all interested in their company. " Badstone nodded and turned away. Andy said to alvette: "I think the ignorant Deutsche Bank can see the reality clearly. Go back to the company. I'll go to Newsweek building. I need to copy the cover of the next issue and express it to the two major rating companies." In the speeding car, Andy looks at a self drawn cartoon with a smile on his face. The ruins of Wall Street are covered with corpses. People representing the two major rating agencies cry out in crocodile tears, "why is that so?" "We also want to ask you why it is like this!" cried the dense ghosts around them It may not play a big role before the crisis. But after the subprime crisis, the financial crisis investigation committee composed of the U.S. Senate and the occupy Wall Street organizations will find a clear goal. Of course, Andy is just a means. You can sit down and talk about it. But then, the roles that need to be visited need to be changed.
