Chapter 1673

"Send someone to contact and see if you can invite Feng Yu to come to Baigong." Said little Busten.

"Zong Tong, this is not very good. After all, Feng Yu is from China. In this way, we will make people think that we need to further strengthen economic and trade exchanges with China. "

Hearing this, little Busten stopped talking. It's obviously not something he can decide on alone, although he doesn't think it's bad. It seems that this position is very good, but there are too many restrictions on every word and deed.

"Then you can find a way for me to meet Feng Yu. Do you know how to do it?"

Feng Yu doesn't know. Xiaobushi has decided to meet him and talk with him. He is still watching the stock market.

For two days in a row, the stock price of financial companies in the new century has fallen by 15%, and it is estimated that it will continue to fall as long as they are unable to explain the news from the media.

As for some small real estate financial companies, the decline is even more fierce, generally more than 18%. Even two companies have directly announced that they want to apply for bankruptcy protection.

This application for bankruptcy protection is even worse, making investors more distrustful of real estate companies.

"Boss, the stocks of these companies are really falling. Can we make a lot of money by short selling?"

Wind and rain consulting borrowed a lot of shares of these real estate companies from some financial institutions, and then after a large amount of selling, with the help of news, let the shares of these companies plummet, which means wind and rain consulting can make a lot of money.

Selling stocks is a loss on the book, but short selling can make more money.

"In fact, we didn't make much money. The stocks of these companies are not our main investment direction at all."

Although the share price of these companies has fallen by a large margin, the plate is too small and the number of shares that can be borrowed is not large. And Feng Yu only let the wind and rain consulting mainly operate the new century financial company, and the others are only a little.

These are just experiments. Looking back, LiangFang group is the main direction.

"Boss, why do you think all these companies will not go bankrupt? Now it seems that these companies are doomed? " Ralph asked for advice modestly.

"Because the U.S. government axe, or little Busten, can't watch these companies go bankrupt. They will surely find a way to save them."

"Guess what they're going to do?" Feng Yu asked with a smile.

Ralph thought for a moment, "can I get another offer?"

"Right!" Feng Yu pointed out loudly, "for today's plan, they can only find other companies to pick up the offer. Take over the businesses of these companies, and take over the debts of these companies! "

"But that is not enough. It is not a small problem that these companies will cause a large number of people to lose their jobs. What's more, there are too many bankrupt companies, which they can't imagine! "

If only one or two companies go bankrupt, it's really just a small thing. Anyway, even the financial companies in the new century have a market value of less than $3 billion.

With the size of Fannie and Freddie, a loss of $3 billion a month may not be able to hurt. Of course, it would be different if we lost so much money every month.

In Feng Yu's eyes, the LiangFang group is the ultimate backer as well as the two takers!

In the past, when the two housing groups filed for bankruptcy, it led to the real collapse of the U.S. stock market. Before that, at least, they could survive and save.

The main reason for the bankruptcy of Fannie and Freddie is that they became the takeover man and finally took this unfortunate black pot.

In fact, the subprime crisis is mainly caused by these small real estate financial companies, and the two housing groups are a backer. But in the end, it's generally believed that Fannie and Freddie are responsible for this.

Of course, the collapse of LiangFang group is also the reason why this matter has become more serious.

LiangFang group is mainly to package these loans, issue bonds, and sell bonds to investors. Under normal circumstances, the risk of this bond is very low, because at the beginning, the people who can loan, credit and repayment ability are very trustworthy.

Therefore, the bonds issued by LiangFang group are sought after by many investors, including the former Chinese state-owned assets. To some extent, some people understand this as the national debt of the United States, and completely forget that these are two private enterprises.

By doing so, they have completed the process of asset securitization.

At that time, Fannie and Freddie were very strict in their review of the purchased mortgage loans. For those subprime loans, they didn't buy them at all.

But later, more and more financial companies made subprime loans, and LiangFang group began to buy these high-risk subprime loans at the request of Xiaobu Shizheng axe.

Then adjustable interest rate mortgage loans run rampant, luring people to buy houses with low interest rates. Many ordinary income people also live in large and good houses. But then the interest rate was adjusted, and the loan they wanted to repay was recalculated. Then many families who could have repaid the loan could not afford to repay it.These are all done by small companies. LiangFang group didn't really do this at the beginning, and they didn't need to. After their high-quality loans were made into bonds, they would make enough money.

But not now. Those small companies are going to die. Xiaobushi asked for the help of LiangFang group.

How to help is not to take the mortgages of small companies and sell them in the form of bonds.

At this time, the bonds of LiangFang group will begin to deteriorate. From low-risk, low-yield bonds to high-risk, high-yield bonds, the original intention of many people's investment is completely different.

You have been used to the fact that LiangFang group's bonds are low-risk, which is an inherent impression. When these high-risk bonds are issued, many people will buy them without hesitation, and then they are equivalent to getting on the ship. If they want to get off the ship again, it will be very difficult!

These small financial companies can only find ways to borrow money because they have to repay the loans to banks and other institutions because of the burden of those who do not repay the loans.

Yes, there are a lot of real estate mortgaged to them, but it's not easy to realize in the first place, and it's devalued. They can only borrow money to replace the west wall with the east wall.

The leverage of some financial companies has become particularly high. Many products that normally only have ten times of leverage can have twenty times of leverage, even twenty-five times or thirty times of leverage in their company.

What does this mean? It means that with a little margin, they manipulate a lot of money. How much risk should they have? How fragile should the capital structure be?

At this time, they still can't figure out what to do, so they can only hide some information and even make some small financial moves.

When these were exposed by Feng Yu, their company had to go bankrupt. In order to prevent the deterioration of the situation, LiangFang group can only be the pan man, thus becoming the pan man!

…… (to be continued. )