Rebirth Online Entertainment

Chapter [-]: If you want to destroy people, you must first make them crazy

Subprime. 【

Aishang Reading Network]

Many people may have heard of the subprime mortgage crisis, but it is estimated that few people know what a subprime mortgage is.

Generally speaking, the full name of "subprime mortgage" is "subprime mortgage loan", which refers to the loans provided by some lending institutions to borrowers with poor credit and low income.If this is placed in China, it is similar to those private usury lenders.They do not require much collateral from the lender, and some even have zero collateral.

Such loans have been popular in the United States in later generations.

Moreover, such loans can also help the US economy develop rapidly when the crisis does not break out and no one defaults.However, if the economy is not strong.For example, housing prices began to fall, and continued to fall.Well, for this subprime mortgage, it is more dangerous.Because a large number of people will default, the two famous real estate mortgage giants in the United States, Freddie Mac and Fannie Mae, went bankrupt in 08 and were finally acquired by the US government. This is the most typical crisis event.

Of course, it doesn't matter much if it only hurts one or two companies like Freddie Mac and Fannie Mae.However, because of the subprime mortgage crisis, he has hit the world.Especially in the lending industry in the United States, a large number of small and medium-sized banks and some loan financial institutions or insurance companies went bankrupt one after another... So far, the subprime mortgage crisis caused by the subprime mortgages in the United States swept the world for a while.

Now, for the United States, the scale of subprime mortgages is not very large.Moreover, the world economy is doing well now.Therefore, the subprime mortgage crisis did not break out.And because Americans respect the market economy—the government—generally, they do not participate in the economic market.Unless, in a special period, such as when the country's economic crisis is affected, the US-government-will take action.so.Even if they are aware of the dangers of subprime mortgages, they may not be aware of the serious consequences... Therefore, the scale of subprime mortgages will accumulate more and more after a few years, and finally, when the economy is weak, it will finally explode.

"Subprime?"

"Yes."

Chen Jia nodded, and then said, "For the United States - the government -, they will definitely welcome us to join."

After all, if you have money to lend money to civilians, even if you lose your personal interests in the end, and the civilians have no money to repay them, it is not the American companies that hurt your personal interests.Moreover, there are a lot of laws in the United States, and you cannot use other means to -force-force civilians to pay back the money.Of course, when he has money, he will naturally pay it back, and when he has no money, you have nothing to do with him.

"The danger - nature - is probably relatively large."

"For many people, the crude oil market, the gold market, is also very risky. However, for us, it is full of opportunities. And for subprime mortgages, the same. As long as we-fuck- Well done, a lot of high-risk content can all be hidden in the sun. Of course, in the end, we have to safely exit in the sun.”

It's not for nothing that Chen Jiayi has studied economics for so long.In addition, he has a lot of vision for future generations, plus his own understanding of the economy.Chen Jiayi is now far more powerful than any master of economics in the world.

"Let me think about it?"

At this moment, He Chong thought about it.

Although, Tang Dynasty Quantum Fund has never been engaged in the subprime mortgage business.However, those who are engaged in finance and finance have a deep understanding of a lot of finance and finance.Moreover, the principles of economics are the same.

After 5 minutes, He Chong called back, "I think it might be a bit difficult to operate."

He Chong is still not very sure.

"Ha ha."

Chen Jia smiled, but it was clear.After all, this line of business comes with a whole host of risks.Moreover, if you don't know how to operate, it seems a little unwise to spend a few dollars for a little profit.

"What do you think of the real estate market in the United States now?"

At this time, Chen Jiayi suddenly changed the subject.

"Very good, our Tang Dynasty Quantum Fund also has real estate investment projects, and the income is very good."

"That's right, since the real estate market is very good, how many years do you think the real estate in the United States can last?"

"Based on the current economy, the real estate industry in the United States can maintain its boom for at least three years."

Although He Chong didn't understand why Chen Jiayi asked this, he still answered.

"If someone lends a lot of money in the United States, will these lenders speculate in real estate?"

"This one……"

Hearing this, He Chong seemed to understand all of a sudden.

That's right, for some lenders, even if he paid on behalf of the loan, there is no cash to repay in the end.However, because the real estate value has increased, they can still continue to borrow money, which can be used to repay interest and principal.As long as the real estate market is booming, this type of loan can continue...

"I understand."

He Chong received Chen Jiayi's guidance and suddenly came to his senses.

"Well, you are responsible for this matter."

"Ok, no problem."

Then, the two cut off the phone call.

He Chong immediately came to the headquarters of the Tang Dynasty Quantum Fund, and held a secret meeting.

After the meeting, Tang Dynasty Quantum Fund established a credit institution whose main business is real estate lending.

……

United States.

"Auer" is an unemployed guy in the United States. Now, he has not worked for 3 months.Fortunately, the US-government-subsidies for the unemployed are not bad, so "O'er" can still live.However, Ao'er, who holds the minimum subsidy, is very poor.He likes to go to Di, and he also likes to drink beer with his friends... However, because of unemployment, these activities that seemed normal before are now a luxury.

"Money, money, money...why am I a poor man."

On this day, Ao'er, who really had no money, was furious.

He was dissatisfied that a lot of rich people were having a good time there, and he could only look at their shadows.

He is dissatisfied with a lot of people owning a series of famous cars and even a few buildings, while he owns almost all of them.

What he didn't like even more was that those upper-class people embraced different female companions every day, while he himself had no choice but to summon street girls.Moreover, for him now, summoning street girls seems to be a luxury.

"Tang Dynasty Loan Center?"

Aoer, who was walking on the street, suddenly saw a loan center in front of him.

what is that?

This Tang Dynasty seems to belong to the Chinese.Finally, Aoer set his sights on the loan.

But, he didn't dare to go forward.Because he has many bad loan records, this is not the most important thing.Some people with poor credit can still get loans.On top of that, Orle was out of a job.He is an unemployed youth, any lending institution, they will not open the door to unemployed youth.

However, Ao'er, who was extremely poor, didn't know what happened today. He straightened his clothes and entered this loan center.

"Hi sir, is there anything I can help you with?"

"Oh……"

Ole was almost taken aback by the sight of a beautiful blonde.However, he remembered that he was here for a loan, that is, their customer.Although, that doesn't necessarily work out.But since it's here, take a look.Bite the bullet, Ao'er said, "I'm here to handle the loan business..."

"Okay, you come with me."

The blond girl didn't despise Ao'er because of her shabby clothes, but took Ao'er to an office very friendly.This made Chazhanaoer think that it was his heroic appearance that fascinated this beauty.However, under the prompting of the staff, he disrupted this kind of YY thinking.

"Hello, are you buying a house with a loan?"

"Ah... yes, yes."

Although O'er has no intention of buying a house, I just want to come here to cheat a little money, if God gives him the chance.

"Okay, how much is your monthly income?"

"This one……"

Ao'er blushed all of a sudden, he was on the government's subsistence allowance.

"100, $100..."

Who said that the government-subsistence allowances have no monthly income, look, Aoer's monthly income is exactly 100 US dollars.Although, when it said 100 dollars, O'er wanted to find a hole in the ground and get into it.Yes, he has retreated now, he knows that the beauty on the other side must be laughing in his heart.She would think, where did the lunatic come from, and came here for nothing.

However, the strange thing is that the other party didn't feel strange, but continued to ask, "Then what work are you doing now?"

"Well, I just changed my job, but don't worry, I will find a job soon. And, once, I worked as a manager in a hotel with a monthly income of more than 1 US dollars..."

Orr was bragging as best she could.

"So you're unemployed now?"

The staff member on the other side was not deceived by Ao'er, but said directly.

"Okay, temporarily unemployed."

Oll felt very nauseous.

In fact, in his opinion, why would an outstanding young man like himself lose his job?

In his dream, he should be standing on the tallest building in the city, drinking wine leisurely, and then looking at everything under his feet.

"Okay, let me record it for you."

"No, so serious?"

O'er wiped his eyes, he couldn't believe it, it was still recorded.If this was in "Freddie Mac", their staff would have kicked themselves out long ago.Are you dreaming today?

"It has been recorded. Hello, how much US dollars do you want to borrow?"

"1."

Just wanted to say 1, but O'er immediately denied it.

Anyway, if you are here to scam money, then shout a little more, "$10, I want a loan of $10."

"Ok."

The staff recorded it on the information, and handed a copy of the information to Aoer, and said, "If there is no problem, you will receive a notification in three days."

"Thank you, I would like to ask, after 3 days, what notification will I receive?"

Not a psychiatric notice.

In fact, I am not mentally ill, and I am here today just for fun, please don't take it seriously.

"Of course it's the payment approval notice?"

"Ah, can I get a $10 loan?"

"Yes, if nothing else, you can get a loan of $10."

Afterwards, Ao'er walked out of the Tang Dynasty Loan Center in a daze, and spent three days chatting happily.I just didn't expect that after three days, after he thought those guys were joking with him and forgot about the loan, the Tang Dynasty Loan Center sent a letter, which said, "Your loan has been approved , $10 has been deposited into your bank account."

"God, you're not kidding."

When Ao Er went to the bank to check an account, there were 5 zeros on it.Yes, $0.

God, I got a $10 loan.

……

"Osan" is an American.

On this day, Ou Sang wandered in the street very helplessly.He interviewed several companies just now, and it seems that there is no hope.Just as he was about to go home with his head down, a voice behind him said, "Hey, Osang, what are you doing?"

Ou Sang looked back and found that it was his old friend "Ao Er."

O'er, like O'San, is an unemployed youth.It's just that when he turned around now, he suddenly realized how radiant this guy was.Moreover, a famous brand, from Ou Sang's point of view, the whole body is very valuable.

"Hey, what's going on?"

Could it be, when did this guy get lucky?Even if you find a good job, it is impossible to get rich so quickly.

"Oh my God, Ao'er, where did you get rich? Why didn't you ask your brother to go? It's not because you were taken care of by some rich woman."

Ao'er is not bad looking and has a good figure, and it is really possible to be taken care of by some fat women.This made Ou Sang a little depressed. Compared with Ao'er, he seemed not even qualified to take care of him, which made Ou Sang a little jealous.

"Haha, I also want to be taken care of by others, but in this world, there are only so many rich women, who would like me."

Ao'er was not angry at O'Sang's words. Instead, he was joking. It seemed that he was very happy.

"That's right, so which company values ​​you?"

Ou Sang thought about it too.

They are in a small town in the United States. Although there are rich women, there are only a few of them, and she can support dozens of them.

"No, no, no..."

"Then why?"

"Okay, let me tell you, actually, I was looking for you today to talk about this."

Afterwards, Ao'er told Osang everything.It turns out that Ao'er got rich recently, one is not being taken care of by a rich woman, the other is not being valued by some company, and the third is not winning the lottery and winning the big prize, but because he bought a house with a loan.

"My God, mortgages to buy houses, Freddie Mac and Fannie Mae will give us loans to buy houses?"

Although "Freddie Mac" and "Fannie Mae" also provide subprime loans, even if your credit is worse and your income is lower.However, they will not provide loans to the unemployed.Because, it means taking money for blisters.Possibly, they will never be able to pay back in their lifetime.You see, there are a lot of people who are able to repay their loans, how many of them are unemployed?

"Yeah, so I didn't believe it either. However, not long ago, Tang Dynasty Quantum Fund established a real estate loan institution. I took the opportunity of a dead horse as a living horse doctor, so I went to try it. In the end, the loan was actually real. Here it is. Did you know that the other party only needed some copies of my documents and signed some contracts, and I easily got a loan of 10 US dollars."

Thinking of the situation that day, O'er became excited.

He felt that happiness really fell from the sky, as if the $10 fell from the sky.

"Then, you got rich?"

"No, no, it's far from that simple."

I took out a $10 loan, but, you know, we're all poor, and if we spend that $10, they'll be poor sooner or later.This time, I figured it out.In the past, we had no capital and could not even buy a house.But now it’s different. Although $10 is not a lot, I used it to buy a house recently.Although, the house is small.But, you know, house prices are crazy right now.

A week ago, when I bought it, it was only $1000, and now it has risen to $1200.

One week... So, I quickly mortgaged this set. This time, I went to the "Freddie Mac" company. As long as I have a house, Freddie Mac is very easy and does not require many documents. So he loaned me a sum of money.Well, yes, I can tell you that I have two houses now.Recently, I was thinking about whether to sell one building and pay back the loan from the Tang Dynasty.If given the chance, I can attack again...

"My God, it's okay... Hurry up, O'er, take me there, I need a loan too."

"Okay, I didn't want to tell others. But, who told you that you are my good brother, go... I will take you there."

Afterwards, the two of them came to the Tang Dynasty Loan Center again.

Everything went smoothly. After O'er had an experience, this time, O'Sang, like himself, got a loan of 10 US dollars.

"O'er, you are my God, my God, hit me and see if I'm dreaming today."

"No, I'm not dreaming today, although I thought it was a dream a few days ago."

"Hey, okay, my friend, today I will take you to the best restaurant in the city, and let's go for a while."

"No, my friend, I tell you, we cannot do this now."

At this time, Ao'er said to O'Sang seriously.

"Why, why, you know, I really thank you so much today."

"Well, I know, Osan. But, my friend, you know. We can't live like we used to. Before, we didn't have capital and we were just dawdling. But now we have $10 , although this amount of money is not very large, but there is 10 US dollars, which is enough for us to start a career. Otherwise, once the 10 US dollars is used up, tomorrow, maybe we will still be poor or unemployed. Do you think the Tang Dynasty Loan Center will continue to lend us money? Of course not, so we have to make good use of this money."

"It sounds like you're right."

"Yes, I have already shown you a property with a very good location. I believe that after buying this property, it will not take long before it will continue to rise..."

"Okay, I listen to you. Actually, I have long wanted to speculate in real estate. But before, I could only watch others speculate. Now, okay, let us two brothers start with $10... In the future, we will definitely super rich."

This situation is still happening in many places in the United States.

Moreover, due to the entry of the Tang Dynasty Quantum Fund, a large amount of funds flooded into the market.And these funds, a lot of funds have been turned to insurance, stocks, and real estate.And because, due to the development of the world economy, everything is skyrocketing.Including stocks, housing prices... Many borrowers have gained a lot of income.

This phenomenon has greatly stimulated US lending institutions.They see the important power that money plays in economic activity.All of a sudden, a whole bunch of lenders got involved in the "subprime" business.Moreover, many thresholds have been lowered in a series. In this way, the whole United States has become crazy with the participation of so many banks and financial institutions in lending.

Even the U.S. economy has started to improve gradually because of the participation of these active funds and people's crazy investment.

All are beautiful.

However, Chen Jiayi, who was hiding aside, understood.

To cause people to perish, they must first be made crazy, well, let them go crazy for two or three years.

【

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