Chapter 570: Auto Financial Services

William White engaged in such a big promotion, it is indeed his pains. In the past year, his investment has been too big. Next, the two companies in Tuao also have to spend a lot of money.
Before Tesla's successful IPO, William White's funds were still relatively tight.
If the economy is going down, it should be said that there is no pressure at all. But he still has a few big losers.
Although oil prices have risen, they have not been able to make up for the previous losses. His oil wells are all at sea, but the cost is higher than others.
"Boss, next year's car production will increase by 50%. We are afraid it is difficult to guarantee the situation today. Is it necessary to increase the area of ​​the transit warehouse?"
"No need for now, Philson, look at this, is it possible?"
Philson looked very seriously, almost verbatim. What the boss brings out is the financial field he is best at.
All along, Wall Street is most proud of. Not how many investment banks they have, nor how rich they are. The reason for stabilizing London is that Wall Street has more financial innovations.
If you are a financial bastard, then do not invest in their funds. This thing is different from Tianchao's fund. Not only can it not guarantee interest, it may not even guarantee the principal.
Take the group of mobile operators as an example. This group of guys do not have much assets to mortgage, and the bonds they issue are basically junk bonds. You take these junk bonds and buy them directly, that is too much to sell.
So, Wall Street fund managers packaged bonds with similar risk levels. Of course, they will also put in some stable investments in this bond pool. For example, national debt.
The junk bonds transformed into funds with certain risks immediately. The guy who sells funds will tell you that although there are certain risks, but the interest rate is very high, usually, there will be no problems.
Of course, there are many details. For example, a guarantee agency, such as a short agency. A very junk bond, under their various derivatives and packaging, appeared the objects far beyond those junk bonds.
The so-called subprime mortgage crisis is not directly related to the funds. Later, the toss was so powerful, mainly because of these derivatives. Afterwards, the mortgage can no longer survive, and the insurance provider collapsed. The funds involved far exceed the subprime loan.
These are only subprime loans, and the amount of normal housing loans is more involved. If the US property market crashes, my God, it’s better to find a hole in the ground to hide.
What William White came up with today is the car's financial derivatives. If this thing can be implemented, he really does not worry that his car is not easy to sell.
Lao Mei buys a car as a loan, and there are very few lump-sum payments. The interest rates on these loans are not low. If William White's plan is implemented, the interest rate cut is almost a necessity.
In this game, the bank reduces the risk, the car buyer reduces the interest expense, the securities firm has one more bond that can be sold, and the insurance company has an additional income.
Gee, no one's interests have been eroded. The most important point is that after the bank has packaged and sold these loans, it will be able to get back the borrowed money immediately.
If there are so many back and forth, my God, this is basically a costless business.
"Boss, we can't do it. It needs the cooperation of the investment bank." Philson's face was very heavy. He now regrets it. If he is an investment bank here, this is a very great deal.
"Of course, I feel that if Lehman and Bear Stearns join forces, this will not be very difficult. By the way, AIG should be able to take out this insurance."
"I get it, boss, I'll think about the details again. Ha ha, if this thing comes out, Goldman Sachs and Da Mo will have a headache."
"Oh, let these two give me eye drops. By the way, this matter is a bit more secret. When the group of turtles reacts and wants to catch up, it is definitely not so easy."
"Oh, there is a tacit agreement between investment banks. If you swarm up and down, it is a very shameful thing. Unless absolutely necessary, they will never do that."
Philson wanted to cry a bit. He had been walking on Wall Street for so many years, so how could he not figure out such a thing?
If you want to say how innovative, it is nonsense. This so-called auto finance plan is nothing but speculation. Those who sell junk bonds will not be too unfamiliar with this thing.
Lehman, Bear Stearns, hehe, these two guys are really lucky. If so many times come, the major investment banks in the United States may need to be re-ranked.
"President, Motorola seems to have abandoned analog phones. Is this research going on?"
"Asshole, the problem that the mobile phone can't move, have you solved it?" Li Jianxi said when he said these words, his liver was shaking. The four-star mobile phone's stalk is as ridiculous as the stick car needs to be pushed to move.
Under William White's tireless efforts to smear, Smecta's products are almost black out. On the talk show, if there is no stick stalk, this talk show is obviously not very successful.
"President, our technology has made great progress now. We have learned that these problems also exist in European mobile phones. As for how to solve the problem, they are secret."
"Damn, I just want to ask, what kind of technology accumulation can they have in the foot basin and treasure island foundry. Why, why can they solve it? It's really not possible, but we also hand them over to the foundry."
"President, the radio frequency part of the technology, they have a confidentiality agreement. According to our understanding, they have set exclusive clauses. Can we consider antitrust."
"Get out."
Li Jianxi broke out completely, antitrust? Ha ha, do you dare to be unreasonable in competition with the US?
You can rest assured that they can easily shred Smecta's agricultural products. Smecta's labor cost is too high, and it is not an opponent at all.
The US emperor is rich in land resources, and there is no problem of barren land. Generally speaking, it is a year off for a year. A little diligent, some forage may be planted.
From planting to harvesting, to the final packaging market, the entire process is automated machinery and equipment. Not to mention the stick countries, if price wars are needed, no one can win them.
If Sixing wants to counterattack, it must work product quality. Those out-of-the-box tricks are best not used on the US Emperor, especially William White.
Looking at the memory sticks today, isn't it just a matter of peace?
Besides, how can technical barriers in production be used for antitrust. My technical director is really stupid in reading and reading.
Li Jianxi found that it was necessary for him to learn the foot basin. There is also a lot of competition between them and William White.
From semiconductors to cars, from comics to game consoles. William White was just hitting the foot basin. Even so, there is a lot of cooperation between them. As a baby's memory technology, the foot basin is not the same. There is also the Tesla car, the footbath is the second largest shareholder.
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