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American Fortune Life - Chapter 474

Published at 7th of November 2021 08:40:57 AM


Chapter 474: 474

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Andy didn't know his presence and involvement, which made many things deflected. Even if he did, he would say it lightly, it's none of my business!

When Andy is very satisfied with tonight's harvest and takes his rich girlfriend home to play the happy game, he doesn't know that he is looking forward to the subprime crisis because of his huge interests.

However, the U.S. government and the Federal Reserve are trying to avoid risks, slow down the arrival of the subprime crisis, so that they have enough time to deal with or release the huge impact and harm of the subprime crisis.

When the talks with Momo began just two days ago, Thursday, May 31, 2007.

Andy's face was like water, watching Paulson's bluff on TV.

"The U.S. government is closely monitoring the subprime mortgage crisis, believing that the current situation can still be controlled, and that the overall U.S. economy will not be dragged down.

Although the cooling of the US real estate market has caused some losses to the subprime mortgage market, it will not damage the overall economic development of the US. "

Paulson also said in an interview with US television that the US real estate market is undergoing major adjustments, and it is still too early to judge whether the market bottoms out. He also stressed that it is not surprising that there are some problems in the sub prime mortgage market due to the fall in house prices, but they are largely controllable.

"I continue to believe that the U.S. economy is healthy," Paulson said of the stock market decline. He pointed out that U.S. export growth continues to exceed import growth, consumers continue to consume, inflation is also under control, and the U.S. economy is growing at a "sustainable speed".

In addition, the strategists of Lehman Brothers Holdings also pointed out that the amount of bad loans due to US mortgage defaults in the next two years may rise to US $225 billion, but this is not enough to drag down the US economy.

Andy stood in the living room with a sullen face and a sneer on the corner of his mouth, watching Paulson open his eyes and say lies. Ivana hugged Andy from behind with a worried face and stuck his face on his back.

"Ha ha, don't worry. Although there will be twists and turns, the general trend will not change at all, and some people will pay a heavy price in the end!"

However, in order to boost the U.S. economy, half an hour before the opening of the stock market, the Federal Reserve announced that the short-term interest rate remained unchanged at 5.25%, driving Wall Street up sharply.

"Officials in Massachusetts say they have asked UBS Securities and Bear Stearns for documents on their research and analysis of subprime mortgage lenders, including new century finance.

Barney Frank, chairman of the Financial Services Committee of the house of Representatives, said he planned to introduce a bill that would limit risky mortgages in the event of problems in the subprime mortgage market.

But the Democratic congressman also said he did not think the problems in the subprime mortgage market would pose a broad threat to the U.S. banking system. Officials in charge of financial markets at the US Treasury also said the crisis in the subprime mortgage market would not spread.

"We are paying close attention. We think the whole capital market, including the overall mortgage market, is doing quite well. " "The government will continue to pay attention to and evaluate the market situation," the official told the media

Members of the Senate Finance Committee said Congress may be concerned about the risks faced by large banks investing in subprime mortgages and whether the current situation is properly reflected in share prices.

PMI group, a mortgage insurance company, said the home financing sector has grown too fast in recent years and many lenders are willing to ignore applicants' poor credit records.

"We have long said that the market is underestimating risk. We think the risk in this area is higher than some people think. " A spokesman for PMI insurance said

In the office, Andy leans on the boss's chair, holds his temple which has been beating wildly. The situation changes. For two consecutive days, various characters come to the stage, preaching various lies to boost the economy and trying to cover up the risk of the subprime crisis.

It's not fierce to fight back. In the past two days, he can also feel the expression and spirit changes of employees of Freetown investment company and Gaia company. They are worried about the future of the company and their own, because they are no longer confident in their hard work for several months.

"Boss"

Andy's closed eyes suddenly opened, showing a chill, frowning, looking at his timid face, and slightly shrinking his neck, little assistant toriblake.

Seeing her look like an angry bag, he couldn't help laughing. To tell the truth, he was in a bad mood these two days. He said he didn't worry. He was full of confidence. That's bullshit. He would be safe at the last moment. Who knows what will happen.

After all, he is a person, not a God. The fluctuation of emotions and the stimulation of the outside world will affect him, which is related to all his gambling.

Seeing a smile on the dark face of the great devil, torryblake sighed, "Mr. stone, wait outside to see you."

"Let him in, make me a caramel macchiato..."The little assistant saw that the big devil had recovered his voice and expression, and became happy. He nodded and twisted his little ass and walked out of the office.

Soon bardstone came in, with a wry smile on his face, and said to Andy, "I can't stand the atmosphere. I really admire al's eloquence."

"Why, the people of Momo still want to reduce the price as they did yesterday? Aren't they clamoring to stop talking? I thought they would clap their butts and walk away when we saw their more bull advocacy in the media these two days! "

Andy is upset because the government and the Federal Reserve are dying. He knows exactly what will happen, but he can only watch the clowns cheat, cover up, weave lies, and influence his schedule again and again.

"Ha ~" there was a sneer on bardstone's face. "They wanted to pat their ass and walk away, but they knew the real situation better than anyone else. The high-level group on Wall Street was aware of the crisis and tightened their purse. Their sudden turn is undoubtedly to manipulate the market. They want to cash in their chips and reduce their losses before the crisis breaks out!

And boss, don't forget the real identity of Treasury Secretary Paulson. Although he gave up his high paid job as chief executive of investment bank Goldman Sachs and sold all his shares in Goldman Sachs, his Goldman Sachs gene will not change in the slightest. "

"The time to pull the trigger is always much less than the waiting time. They don't want to be caught Andy not without feeling said, in fact, he did not say a word, that is the suffering, only experience, can really experience!

"Since they are not afraid of procrastination, they should drag it down. When the cover can't be covered and there is a turning point, there will be no choice for Da Mo, and all our requirements can only be accepted by them." Bardstone said, smiling as he took the coffee from Torry black.

"Are they still reluctant to compromise on convertible preferred stock?" Andy is enjoying the caramel macchiato coffee in the cup. He still likes sweet coffee. It's too bitter to bear. But Lao Mei still likes bitter coffee.

"They think the conditions we open are too harsh. They can't accept the $1 billion preferred stock. They also want to limit the time range of our preferred stock. Al is working with them.

Hehe, it seems that their negotiation team is because of the market changes and all kinds of big people coming out to endorse the market in these two days, which makes their momentum grow a lot. They start to put pressure on us by taking advantage of the big environment, but they also know that there is little hope, but the amount of preferred stock has been stuck at 500 million, they don't relax at all, it seems that this is their bottom line. "

Andy listens to bardstone's analysis, puts down his coffee, reaches for his chin, squints his eyes and thinks, "what's their market value now?"

"About 50 billion yuan, the preferred shares we are given are also calculated according to the value of 1%, but in the future, they will definitely fall sharply. If they are stipulated to be cashed in the time range, it will greatly reduce the benefits."

Andy stood up from the boss's chair and tightened his loose tie, ignoring his rolled up shirt sleeve. He said to bardstone, "go to the meeting room. I have no patience to keep pestering them. The follow-up plan will not allow us to waste our time on them!"




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