Chapter 197: [Happy mildew]

, The latest chapter in the latest global monopoly of technology!
After signing the contract, Michael Barry did not hesitate after he entered the fund pool of $ 2.9 billion, and immediately went to major banks in Wall Street to run business the next day.
Deutsche Bank.
In a reception room, several bankers interviewed Michael Barry for business.
"I want to buy a credit default swap on a home loan bond. Once those bonds default, the credit default swap will compensate me."
Several of the bank's business staff, including the supervisor, were stunned, thinking that they had heard it wrong, and after they responded, they asked uncertainly: "If I didn't hear you wrong, you just said ... you Want to bet against the housing market? "
Michael nodded: "Yes!"
An interviewer at the interview said puzzledly, "Why? Americans don't pay mortgages but this has never happened. IMHO, Michael, this seems like a stupid investment."
Michael thoughtfully: "According to the average person's view of the housing market, this is indeed an extremely stupid investment ... but everyone is wrong."
After hearing this, the bank staff who could not help but laughed, and quickly disguised the embarrassing and elegant smile. "This joke is very interesting, but this is Wall Street, and the US dollar bills are not white. Do n’t take it, so why not?

Michael actually emphasized: "I only care about the default of bonds, and I want to determine the solvency of your bank."
The executive salesman sitting opposite him heard an incredible saying: "What are you talking about? Sorry, are you serious? You bet against the housing market, but you are worried that Deutsche Bank will lie?"
Michael responded upright: "Yes."
Several bank clerks looked at each other and exchanged in private in a while.
"I think we can promise him that unless the housing market crashes, the housing market is unlikely to crash, and it is still sound."
"Agree, who can't afford the mortgage?"
After chatting for a while, the head of the executive looked at Michael and said very formally: "No problem, we can adopt a pay-as-you-go mechanism to compensate for the default of the bond, but if the value of the mortgage bond goes up, you have to pay us monthly. Is the premium acceptable? "
"Yes, I accept."
Michael nodded, said, took out a hundred-page-thick document from the briefcase on his body, put it on the table and pushed it in front of the other party, and said, "This is my sixth-grade mortgage-backed bond that I want to short. The proposed offering notes said. "
This is a very thick and speechless material. You have to take a closer look. The time elapsed every minute and hours passed. After confirming that it was correct, the bank executive said, "Mr. Michael, we can sell Deutsche Bank. How about a $ 10 million credit default swap? "
Some fool came to send money. This was taken care of by the goddess of luck. After signing it, they would earn a lot of commissions. Several bank employees were secretly happy.
Michael hugged his back against the seat with both hands, dazzled continuously and drew his nose in a moment of silence. When the people on the bank thought he might repent or the offer was too high, Michael looked at them and said, "You Can you sell me $ 200 million? "
The people on the bank were dumbfounded.
They all looked at each other stupidly, and nodded without hesitation after returning to God: "Of course, then $ 200 million, we will contact you to submit some documents."
After finalizing everything, Michael left the bank. After very politely sending Michael away, the bank employees laughed on the spot.
"The $ 200 million credit default swap is crazy."
"Haha, I didn't expect someone to come and give money in vain. Why is there such a stupid thing on Wall Street?"
"I swear, I am absolutely taken care of by the goddess of luck today?"
...
Bear Stearns Investment Bank.
In the reception room, Michael and the person who met him said, "Can you sell me $ 350 million in credit default swaps?"
There were two people interviewed by him at the bank side. When Michael said this, one of them looked at him strangely and said, "No problem, but are you really sure you want to do this?"
Just after the words came down, another banker stopped his colleague and looked at Michael on the spot. He responded with a smile and affirmatively: "Without any problems, we sold it, and it was a credit default swap of $ 350 million."
...
Michael stepped out of the Bear Stearns investment bank's door, stood still at the door, took a deep breath with his eyes closed, and murmured, "There is still $ 1,285 million in cash ..."
At the end, he opened his eyes and strolled away. He saw a taxi passing by and stopped, then took a ride to the next one.
...
National Mortgage Bank, Bank of America, Citibank, Morgan Stanley, Goldman Sachs Investment Bank, Credit Suisse Group, etc ... Michael bought the credit default swaps of a total of $ 4.2 billion in cash from the Heritage Fund.
But he is not the only one doing this. Many people have been buying credit default swaps one after another, but the amount is not large and has not received much attention.
The only two hedge funds are too large in proportion. They ca n’t be ignored. They spread on Wall Street in a few days.
One is Michael's successor fund, which bought $ 4.2 billion; the other is John Paulson's Paulson Fund, which bought $ 8 billion.
...
Goldman Sachs corporate headquarters.
Paul Watson looked at his colleague and said suddenly, "What do you say? You say it again?"
His colleague Le Haha said: "Just three hours ago, I sold $ 270 million in mortgage default swaps on a mortgage default. A California fund manager, Michael Barry's successor fund, haha, brain. Convulsions, crazy, appreciation of mortgage bonds has to pay premiums every month, a new cash cow. "
"I don't even know that there is a credit default swap on a mortgage," Paul Watson said.
His colleague said cheerfully: "Now, for him, he wants to bet on the housing market, why not accept it? Not only that, in order to sell the housing market, I heard that he has run almost all the banks on Wall Street."
Paul Watson said, "How much?"
His colleague smiled: "US $ 4.2 billion. I guess the investors of the Heritage Fund would be mad if they knew it, but what does it have to do with Goldman Sachs?"
...
Luo Sheng spent about ten days in New York. The main purpose of this trip has been achieved, and there is no need to stay.
If it wasn't necessary, he really didn't want to stay in North America for too long. Just a few days after he arrived in New York, the newspaper he read reported that there had been three shootings in the city. One of them was at night. Died.
However, Luo Sheng was on the island of Manhattan and didn't know about it without reading the newspaper.
The rich area is quite safe.
Qin Weimu came to Luo Sheng's guest room early this morning and brought a bundle of rolled-up US dollar bills.
Qin Weimu threw it to the sofa, "This is the cash you want. In addition, the return trip has been arranged. The plane is about 11 am."
Qin Weimu was also very suspicious of how Luo Sheng asked her to bring cash, but did not ask anything, Luo Sheng basically had no cash on her body.
"Well, I see, you go."
Luo Sheng responded without looking up, sitting comfortably on the sofa in his living room in his nightgown, while he was reading the New Yorker newspaper.
As Qin Weimu was preparing to leave, she suddenly looked towards the bathroom of the guest room, because it seemed that she heard the sound of water.
"Someone in the bathroom?"
When she heard a question floating suddenly, she felt a bit inexplicable after speaking, why asked this suddenly.
Luo Sheng looked away at Qin Weimu, who was full of doubts, and said with a smile: "Yes, the waiter called yesterday, woman, you understand."
As soon as this word came out, Qin Weimu retracted his eyes and glanced at him: "boring!"
His Majesty twisted and left the place, Luo Sheng could not help but put down the newspaper, confirming that Qin Weimu left a sigh of relief immediately after leaving, just seemingly stable with skin on the surface, but in a panic and anxiety.
For women, especially women like Qin Weimu, it is necessary to use reverse thinking and anti-routine strategies to make her intermittently autistic. Luo Sheng feels that his witty EB is indeed the most dangerous and safest.
Qin Weimu thought that this recidivist wanted to take advantage of his mouth and simply flashed people.
After a few minutes, the sound of water dripping from the bathroom stopped, and not long after, a supermodel beauty from Havana, Cuba went out to bathe barefoot.
She entered the bedroom silently.
...
A few hours before leaving for New York to return home ~ EbookFREE.me ~ Luo Sheng enjoyed a Western meal and paid a lot of energy, not to mention a lot of money. Frankly, Luo Sheng felt very expensive, but the Super Value, exotic flavors are indeed fresh and delicious, and occasional tasting is also possible, and a bit more expensive should be, it is difficult to have a meal for so many days.
You must know that Luo Sheng is young and energetic, and has an appetite.
It is worth mentioning that Luo Sheng's discerning, delicious taste that can enter other methods, safety and tenderness are the basic requirements. It must also be full of color and fragrance, and it must be fresh and not bad.
He never eats overlord meals, eats money, and is righteous, otherwise he is a hooligan.
At 11 am, Luo Sheng set off for a special flight to return to China. He originally wanted to take a trip to Menlo Park in the Bay Area, but thought that this time he came low-key and did not speak out.
Just forget it.
Come back home!
The layout here is done, just sit and wait, after a year, you can count the cramps when you count the money.
...