FBI detective

Chapter 820 Shorting Yourself
11 o'clock in the morning, in an office in a building on Wall Street.

"Goldman Sachs' system failed, Morgan Stanley's server crashed, and the Commonwealth Bank had a power outage..."

Hearing Michael Bray's description of the reasons given by those investment banks for their temporary inability to pay for the CDs, Luo An couldn't help but twitch his lips.

All I can say is that Wall Street is worthy of being a place that values ​​the spirit of contract, and the high-end business war is indeed simple and unpretentious.

"Mother fu-ker..."

Michael Bray picked up the coffee and drank it all in one gulp. His expression was not good. He cursed a few words in a low voice and looked up to find that Luo An was 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 took a sip of coffee, and after Michael Bray took a few deep breaths and his expression gradually calmed down, he said:
“When New Century Financial went bankrupt, federal housing prices fell. The most anxious ones were not us, but investment companies and banks like Goldman Sachs, because they held 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:

"Cheat the downstream and sell all the junk bonds you still hold. You can't continue to lose money..."

Michael was in high spirits when he said this, and he suddenly looked up at Luo An, and they both said in unison:

“Goldman Sachs will short its own position!”

The most fundamental purpose of investment banks such as Goldman Sachs is to make money.

As for social stability and whether the federal government can remain stable, these are completely out of their consideration.

With federal housing prices falling, those who hold a large amount of federal housing system bonds will inevitably be seriously affected, and a decline in the company's stock price is inevitable.

Since it is certain that the stock price of your own company will fall 100%, it is not difficult to understand that you should short sell yourself. After all, the fundamental goal is to make money.

Michael Bray, a fund manager who has worked on Wall Street for many years, immediately understood the whole story after hearing Luo An's reminder. His expression became excited, and 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!"

"Yes."

Luo An nodded with satisfaction and then asked:

"How much of the 8000 million dollars transferred over a few days ago is left? Do you have enough funds?"

“Don’t use the money.”

Michael Bray, who had been reminded by Luo An and had sorted out his thoughts, became a professional manager again. He raised the corners of his mouth, and said with a very confident smile:
“Since New Century Financial has gone bankrupt and federal housing prices have begun to fall, the CDS financial product will be the hardest currency on Wall Street for some time to come!

In the past two years, except for you, Luo An, other investors in the company did not trust my judgment and repeatedly asked to withdraw their investment..."

Luo An smiled and nodded, then continued Michael Brey's words:

"Now it's time to redeem the CDS and collect the proceeds. It's time for these people to contribute."

Those who invest in Michael Bray's company are all wealthy people, and the connections and power behind them cannot be underestimated.

When they lost money before, these people cursed Michael Bray. Now that it is time to make money, it is time for them to charge ahead of Michael Bray and demand that investment banks such as Goldman Sachs and Morgan Stanley pay the CDS "gambling money".

"Hahaha……"

Michael Bray laughed with his head raised, and the depression in his heart was swept away. He stretched out his hand and shook hands with Luo An vigorously, and said seriously:

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

"Of course." Luo An looked at Michael Bray deeply and said with a smile:

"I always believe that Michael Bray is the best fund manager on Wall Street."

The two smiled at each other and exchanged a few simple greetings. Luo An left first, and Michael Bray also picked up his phone and began to contact those wealthy people.

New Century Financial Corporation went bankrupt not long ago and federal housing prices have just started to fall. Investment companies such as Goldman Sachs and Morgan Stanley cannot redeem CDS immediately. At least they have to wait until they have dealt with their internal affairs.

This period of time is not short, and Roan cannot focus too much attention on Wall Street. It is just right to hand it over to Michael Bray, an experienced real estate manager.

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

The financial crisis in 08 also had a considerable impact on the share prices of Internet stocks. For example, the decline in Google’s share price once reached 56%.

There is still time and the stock prices of Internet companies have not fallen yet. Luo An decisively sold the stocks of Apple, Google and other companies at high prices, exchanged them for cash and kept them in the bank. At the same time, he called Mona, Lacey and others to explain the situation.

When Michelle, Winslow and Cheney heard Luo An's suggestion that they sell all the company's stocks within a few days, their eyes widened in surprise.

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

As for Mona and Lacey, they acted very quickly. They didn't ask why, and after hanging up the phone, they didn't hesitate at all. They took out their cell phones and contacted stock traders on Wall Street, asking them to sell all the stocks they held.

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

Winslow and Chenier had joined the special investigation team for the shortest time, and their investment amount was not high or for long, so they made about $70 by selling those stocks.

Michelle lasted a little longer and earned over $90.

Mona didn't elaborate, and the others didn't plan to ask too many questions. As for Lacey, ever since she received the text message from the bank, she has been grinning at her phone, as if her IQ had been reset to zero.

"How about a bet?"

Seeing Lacey's silly smile, Winslow was furious. He patted Chenier's shoulder and whispered:
"I bet ten dollars that when Luo An comes back, this guy will be the first one to pounce."

"I'll bet ten dollars, too."

Chenier rolled her eyes and whispered:

"I bet that when Lacey jumps on him, 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 her chair, leaped towards Luo Anfei, 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 sudden attack, then grabbed Lacey's clothes and threw her onto a chair nearby.

In the office area, Winslow and Chenier nodded as if nothing had happened, then each took out ten dollars and handed it to the other.

"..." x2
Seeing Winslow and Chenier's actions, 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 brief silence, Mona raised her hand and said:
"Luo An, I have something to ask you."

(End of this chapter)