Chapter 2250 The subprime mortgage crisis is coming!
"What happened? Did their phone have a virus?"
Henry Paulson frowned and wondered.
The participants in the venue also looked at each other.
Why are everyone's phones ringing at the same time?
However, some people looked down at the text message they were sent, or after answering the call, their expressions immediately changed.
"Boss, come back quickly!!! Two hedge funds including Bales have gone bankrupt, and their stock prices are also continuing to fall, and it is very likely that they will be delisted!!!"
"Boss, the members of our think tank have analyzed that Bells and others are likely to go bankrupt this time! And this is just the beginning. Hegemonic Real Estate is going to be over, and the subprime mortgage crisis is coming. Stop holding that bullshit meeting of yours, soon. Let’s go back to China and find a way to deal with the subprime mortgage crisis!”
"The situation of Bells and others is particularly miserable, and some people are maliciously shorting, but our country's economic experts analyze that whether Bells and others can be saved represents the hegemonic country's willingness and ability to protect real estate and prevent the subprime mortgage crisis from breaking out!"
"The chain reaction has already begun! The overall market price of Baguo Real Estate fell by 20% today, an unprecedented high!!!"
"Boss, someone posted a lot of negative evidence about Baguo real estate on streaming media, and claimed that Baguo officials are the biggest liars. The subprime mortgage default rate has actually reached 45%! And this number is still rising!"
"..."
At first, everyone was only reading text messages because they were in a meeting.
But after learning about the changes in Baguo Real Estate and Bells and others, no one cared about the so-called face anymore. They hurriedly answered the phone and made phone calls, frantically asking for detailed information.
And when they learned that Bales and other investment banks were facing a bankruptcy crisis, they didn't even listen to what was said and hurriedly left the table as if their buttocks were on fire.
Henry Paulson was so embarrassed that he immediately asked the host to stop him.
The host quickly picked up the microphone: "Everyone! Can you please finish the meeting before leaving? Our meeting is very short and can be completed in 10 minutes!"
However, everyone was still leaving the table and no one answered.
"Everyone, we are very happy to have the person in charge of the Federal Reserve Bank come to the stage to explain to you the real estate and economic trends in the next period of time, as well as the future plans of the Federal Reserve Bank..."
Originally, the head of the Hegemonic Federal Reserve came on stage as the finale, announcing various practical policies to support Hegemony’s real estate industry.
But looking at the current situation, if we don’t invite people to the stage, this economic forum will become a joke to the whole world.
The head of the Federal Reserve Bank came to the stage urgently and began to speak.
Even so, it is completely impossible to restore the decline of the scene.
As Chen Mo said, this meeting cannot go on.
Within 5 minutes, except for the officials from Hegemony, as well as people from the foundation and the Hegemony Fed, everyone left the scene.
Facing the empty venue, Henry Paulson wiped his face in despair and stood on the stage at a loss.
At this time, Chen Mo stood up and walked onto the stage and handed Henry Paulson a cigarette: "Smoke one slowly. Today is likely to be your happiest day in the next few years."
Henry Paulson's mouth twitched.
Is this fucking human language?
But Chen Mo didn't lie.
To say that Henry Paulson is indeed an awesome person.
Before becoming the head of the Financial Secretary, he was the CEO of Gao Sheng. Under his leadership, Gao Sheng once became the most profitable investment bank on Wall Street.
In the last life, Henry Paulson ambitiously ran for office as Financial Secretary and wanted to make a name for himself. However, the subprime mortgage crisis broke out while he was in office.
Although he has taken a series of measures to deal with the crisis, including promoting the recapitalization of financial institutions, improving the transparency of financial institutions, and strengthening financial supervision. He also worked closely with financial secretaries and central bank governors from other countries around the world to jointly formulate policies and measures to deal with the crisis.
However, it was of no use.
The subprime mortgage crisis still severely damaged the economy of the hegemonic country and even the global economy.
Many financial institutions went bankrupt or failed, and the stock and real estate markets also suffered heavy losses.
Two years later, this guy was fired in tears. His whole life had gone through a lot of changes, and he no longer had the arrogance he had before.
According to his family, he was so stressed during the subprime mortgage crisis that he had to take a large amount of sleeping pills and drink high-concentration whiskey every day to fall asleep. Later, he suffered from severe bipolar disorder (which can be understood as severe depression). aggravated anxiety disorder).
Bales and other moments are just the beginning of the subprime mortgage crisis.
So when Chen Mo said that today was the happiest day for him in the past two years, he was not lying at all.
"Mr. Chen, I have no grievances with you, right?" Henry Paulson said extremely helplessly.
"I have no enmity with you, the Overlord, or even the Foundation."
“It’s just unfortunate that we are in a competitive relationship.
Mr. Paulson, you must know that in our financial circles, "natural conflicts of interest" can generate more hatred than the murder of one's father.
Even before today, we didn't even know each other, but we are already in a naturally antagonistic relationship, the kind that will never end. "
Chen Mo smiled lightly.
"You are engaging in impassioned "anti-fraud propaganda" here. Do you think it makes sense? "Henry laughed mockingly.
"It's meaningless. "Anti-fraud propaganda" is meaningless to Wall Street and the hegemony. "
"The entire Wall Street, the entire high-level financial system of the hegemonic country, every one of them, is a liar."
"The financial system is not stupid. They only care about profits and don't care about authenticity. They took advantage of countless ordinary people's dream of buying a house to live and work in peace and contentment, making a lot of money, and after the incident came to light, they dumped all the consequences on ordinary people."
"This is the cruel truth of this world."
After Chen Mo finished speaking, he smiled and patted Henry on the shoulder, like an old friend for many years. However, he left the forum with a smile, leaving only a chic and long shadow.
Henry Paulson knows that this year’s Hegemonic Economic Forum hosted by him has become a complete joke.
However, this kind of news that would have made headlines all over the world in normal times, strangely, no one paid attention to it today.
There is no other reason!
The stock prices of Bells and others are falling like crazy! ! !
Two hedge funds owned by Bales and others have gone bankrupt, and it was also revealed that 90% of their loan business was subprime loans!
The default rate of Bells and other subprime loan businesses is already as high as 70%! ! !
In this case, even a fool can see that Bells and others are likely to go bankrupt!
If it dies, what about other banks and investment banks?
You know, now countless banks are mainly engaged in subprime loans! ! !
Once Bells, the fifth-ranked investment bank, finishes waiting, it will be tantamount to announcing that the subprime mortgage crisis is about to break out! ! !
After returning to the office.
Chen Mo stared at the falling stock prices of investment banks such as Bells and coldly issued an order:
"Comprehensive short selling! It will explode immediately!!!"
