Chapter 547: Sure enough

Annie temporarily let go of her worries about Kim Hyun Tae. After all, his plan to monopolize the express delivery industry has not yet been launched, and it will take some time to implement it. Therefore, before the core interests of the Italian Mafia are involved, Kim Hyun Tae The father and daughter won't have any trouble at all, so instead of worrying about it now, Annie should focus on serious matters.
Therefore, after hearing the words of the old housekeeper, Annie took back some of her confused thoughts, and at the same time turned her head to look at her old housekeeper.
In the crib beside him, the two little babies slept very sweetly, one of them even exhaled nasal bubbles, which was extremely cute.
"How did the survey result?"
Since the old butler said that the investigation on the subordinated debts has already produced results, Anne of course wants to ask. After all, she has a lot of subordinated debts in her hands. If it is true that there will be a crisis like Kim Hyun Tae thinks, Annie I don't want to suffer from this.
Although she made a huge fortune of one trillion dollars in Japan last year, she abandoned some European companies and invested in American ports, ships, ships and automobiles due to the need to have children and the adjustment of business focus this year. Heavy industries such as manufacturing cost her a lot of money.
Otherwise, how could she have won over 90% of the ports and docks on the east and west coasts of the United States in such a short period of time, and successfully broke into the American heavy industry circle and became an upstart?
In addition to Annie's replacement of European business, she must also give a large sum of money to the other party, in order to satisfy the other party and achieve her own goals, right?
So the money has been spent so far, so far there is little left.
It’s a trillion dollars, not Zimbabwean dollars.
Of course, although the one trillion banknotes are gone, Annie does not necessarily suffer.
Nowadays, in the U.S. import and export business, anyone has to look at her face. Who will let Annie control 90% of the ports and docks in the U.S., and she also has a large-scale fleet in her hands, as well as several years of manufacturing. A large shipyard with several tonnage ships can be described as the out-and-out American female ship king.
And after abandoning the troublesome corporate companies in Europe, she returned to the United States and began to build core businesses other than banks. Anne also expanded her investment in the heavy industry manufacturing sector, and she was able to establish herself in the United States. The status of the industry has been greatly improved.
Especially after she passed the war with Vietnam in the United States, she won the right to issue US Treasury bonds through the relationship of Old George, and she ate up 60% of the Treasury bonds, allowing her Whiston Bank to earn a profit of 20 per year. Special earn.
But even so, Annie didn't want herself to be somehow on the subordinated bond upload.
You know, she has a lot of subordinated bonds, almost 100 billion US dollars.
The reason why I bought subordinated bonds was mainly because the interest rate of this financial product was good, at least it was more stable than investing in other fields.
But now, subordinated bonds are not really that stable, and there are huge hidden dangers in them.
Although losing money several times won't make Annie hurt, it's absolutely unavoidable to become someone else's talk.
At the position of Annie, face is very important and maintained.
So Annie doesn't want to fall in this matter.
If it weren't for the appearance of Jin Xiantai, this time and space Annie had followed the original life trajectory, perhaps she would no longer be in this world now.
Whiston Bank has long since fallen apart and no longer exists.
How could it be like now, under the leadership of Annie, she has turned her focus back to the United States, and with the support of sufficient capital, she has become the queen of ships.
All these changes are basically due to the influence of Jin Xiantai, the little butterfly. Although she is not very clear about this, Annie is very clear about the fact that Jin Xiantai is the initiator of the Plaza Accord.
So how can someone with such a keen eye say that there is a crisis in subordinated bonds, how can she keep Anne from taking her heart?
So she asked the old housekeeper to do some investigation, and the result was really gotten by Kim Hyun Tae.
Of course, even if Kim Hyun-tae's keen intuition for finance is not taken into consideration, Anne will take care of it just by relying on his relationship as the father of her child.
"Miss, the hidden dangers and risks of subordinated bonds are very large. We were not very clear about these in the past. According to my investigation, Morgan actually knew that there was a risk problem, but they could ignore this problem and continue to advocate this. Financial products make people think that this financial product is really like what they preach, with low risk and high return."
Old Nord was talking to Annie, and Annie seemed very quiet.
After sorting out his thoughts, the old butler continued: "On the surface, there is no problem with subordinated bonds. In fact, the problems are hidden by the packaging. Ordinary people and even some professionals will not see the hidden dangers. If not, We have conducted a special investigation, and it is impossible to understand these hidden dangers.
Subordinated bonds sell credit, and the value of their products is also based on the protection of the credit system. Those who apply for loans to purchase real estate are believed that they will not fall back on their accounts, and insurance companies also provide guarantees for this. It will have value and become more attractive, but the question is what if there are more bad debts, that is, more people who rely on them? "
As the family’s core business is the bank, Annie is of course very clear about what the old butler mentioned after this happened.
This is like a domino effect, which will have a big impact, and the impact will be very far-reaching.
The first bad luck is the insurance industry, then the banks, and then the people who bought subordinated bonds.
People who take out loans to purchase real estate will obligate to purchase a mortgage insurance. Once those real estate owners maliciously default on their accounts or even give up the real estate altogether, the value of this insurance will no longer exist.
The subordinated bonds built on this will also become worthless rubbish.
Those who buy subordinated bonds will have no value in the subordinated bonds.
What is even more frightening is that in order to get rid of that huge insurance expenditure, the capitalists of insurance companies will even resort to bankruptcy to solve this trouble.
At that time, Jin Xiantai's subordinated debt swap agreement will become a real gadget for making big money.
It is very simple. The subprime debt swap agreement purchased at one-tenth of the value of the subprime debt will appreciate in value to the value of the peak period of the subprime debt, and because he is very smart about this business with the bank, and The insurance company has no relationship with Mao, so the bank must perform its own contract in accordance with the agreement, which will make Kim Hyun Tae a lot of money.
Think about it, what kind of concept is that the 70 billion US dollars investment of Kim Hyun Tae and his daughter will be more than ten times in one go.
Of course, if the subprime debt crisis breaks out, banks will definitely lose money.
After all, bad debts will increase. At most, they are better than insurance companies in that they can forcibly recover the property of bad debts, but the value of the property will drop a lot, so it is better than insurance companies.
"To talk about the investigation in detail, I need to understand the situation in this regard."
Thinking of this, Annie's expression became a lot more serious.
The old butler Nod nodded, picked up the file in his hand and began to read: "Mary, 32 years old, professionally a dancer in the Topless Club, elementary school education, white, single mother, with two children, living in Detroit , Her job characteristics and her living conditions are destined to be very troublesome if she wants to take a loan. However, she can easily obtain the approval of the mortgage business with the help of the real estate agent. However, according to our investigator’s understanding, she has She has not paid her mortgage in half a year, and her mortgage has been added to the sub-prime product, and her rating is excellent."
"Krner, male, 48 years old, vagrant, drug addict, he also applied for a mortgage and was approved, but this guy does not have a real estate, all the procedures regarding his loan are forged, as the applicant he Only after receiving a $3,000 benefit fee, the 250 million mortgage loan he applied for fell into the pockets of the real estate agency, bank staff, and insurance company's tripartite dealers, and his loan was also added to the sub-prime product, and the rating was still excellent. "
Listening to the content of the old butler Nord's reader survey results file, Annie's expression gradually became more and more ugly.
To be honest, the content of this survey result sounds really sensational.
Looking at this from another angle, you can even use some unscrupulous guys to unite together, which is not an exaggeration to deceive the public.
The old housekeeper Nord only mentioned two investigations, but any one of them is not eligible to apply for a mortgage. But in the investigation, they not only successfully passed the application and got the loan, but their mortgage was also added to the sub-debt. The product was sold to investors.
Is Morgan not clear about the tricky inside?
Do not!
Annie believes that Morgan's senior management must be clear ~EbookFREE.me~ and the reason they did not say anything is that they actually intend to transfer the risk.
As for to whom?
Of course it is the poor investors who have been deceived by them.
But if this is the case, why did Citibank and Kim Hyun Tae design a financial product that was made for him separately, that is, a subordinated debt swap agreement?
Perhaps the people at Citibank are not clear about the tricks in this?
In the end, Annie, who was thinking about going, could only think of such an explanation. After all, the guys at Citibank were not financial philanthropists who would give away their money.
In any case, the survey results show that Jin Xiantai will definitely make money.
And Annie also felt that she should do something to take precautions, that is, quickly get rid of the 100 billion US dollars of subprime debt in her hand, so that the time will be saved. To be continued^