Chapter 1827

[Fannie and Freddie are on the verge of bankruptcy, taken over by the U.S. political axe]

this is a piece of news that steals the headlines of the closing ceremony of the Olympic Games, because this news represents the economic trend of the U.S.

The economy of the United States has a significant impact on the global economy. From the end of last year to the beginning of this year, too many companies in the United States went bankrupt.

However, under the deception of the U.S. political axe, many countries, such as Europe and Asia, have offered money to help. It seems that the crisis has been suppressed.

As long as we operate patiently, we can slow down in two years.

However, once the Big Mac like LiangFang group has problems, it can't be solved easily. The five trillion dollar bond will not be fully convertible, but the debt of the two housing groups will have to be solved.

More than $600 billion in debt, and every year, no, every day's interest is not a small amount. If the debt can't be solved, then Fannie and Freddie will not be able to slow down.

So at first, it was a mistake for the U.S. government to turn over the problem of Fannie and Freddie to the U.S. bank. The Bank of America can't give so much money at all. Even if it comes out in batches, it will have to give us $450 billion in three or four years.

Enterprises have a certain proportion of liabilities, which is no problem. Many companies have a debt ratio of more than 50%, and they operate very well. But if debt is several times the market value of an enterprise, that's the big problem.

But with the current capacity of the Bank of the United States, let alone $450 billion, it is difficult to get $450 billion out. So the Bank of America no longer wants to swallow the high-quality assets of Fannie and Freddie, but to get rid of the burden again.

Let LiangFang group live and die? It's not going to work.

At this time, the political axe of the United States had to come forward to take over the mess.

Xiaobushi felt very depressed. I thought it would last until next year, when it comes time to give it to his successor to have a headache. It can even be said that the lack of successor ability leads to the bankruptcy of LiangFang group. If it is him, he will never go bankrupt.

However, the financial institutions of the United States have no money, so they can't fill in the hole. If there is no other way to fill in it, it is to issue additional shares to raise funds, or to pull in other investments.

However, at this time, the stock market of the United States is slowly falling. How much money can be raised by the offering? It will dilute the equity of these shareholders. Of course, shareholders are not willing to. What's more, the purpose of the offering investment is to make more money, which is to wipe off the farts of others.

It's OK to pull investment. There are also consortiums willing to invest in them, but they also need to pay shares. How can those shareholders watch the power fall?

And the American enterprises that have the ability to save Fannie and Freddie are not without them. For example, Rockefeller, Walton and so on. Even if they lose money in this period of time, they will not hurt their muscles and bones. They still have the ability to raise funds.

But why should they pay for the mistake? The bankruptcy of Fannie and Freddie has little impact on them. Even they can take advantage of this opportunity to make a profit.

Real estate downturn, although it will make their real estate devaluation, but what? They don't make money by investing in them. When the price falls, they can just copy the bottom.

And if the economic situation deteriorates, then many people in the United States will surely lose their jobs, and the wages of employees will be reduced, which is also beneficial to them.

LiangFang group has become an enterprise that grandma doesn't love and uncle doesn't love. More than a year ago, it was still a beautiful enterprise. Unexpectedly, the world has changed so fast, and now it is on the verge of bankruptcy.

In fact, according to their analysis, LiangFang group should have applied for bankruptcy protection. Because when applying for bankruptcy protection, some debts can not be returned temporarily, and some interest will not continue to grow. They can have enough time to restructure their assets.

Many enterprises in the period of bankruptcy protection, after reorganization, will arouse the interest of some enterprises, so as to get rid of the risk of complete bankruptcy.

The fact that Fannie and Freddie can issue so many bonds proves that they still have a lot of high-quality assets.

Unfortunately, because of the need to cover up, many shareholders chose to hide the true situation of the company at that time, and then borrowed heavily to get through the difficulties. As a result, the difficulty passed and fell into a deeper pit.

No one wants to pay for the current LiangFang group. If you can't pay your debts, everyone will lose.

The default rate of housing loans in the United States is still rising, and the hole of the two housing groups will become deeper.

At first sight, the political axe of the United States can't be thrown out. It can only be taken over by itself. Fannie and Freddie cannot go bankrupt, otherwise the economy of the United States is really over, and the financial market is bound to collapse. There are too many financial enterprises associated with Fannie and Freddie, which will form a chain reaction.

However, it is also controversial to take over the political axe. Because many people say that the money of us taxpayers should not be allowed to fill the hole in business operation. Those shareholders should be allowed to give more money to help the company.

There are so many foreign investors holding shares of LiangFang group, many of them are state investment institutions, let them take money out. They still hold so many bonds of LiangFang group. Do they want to see the bonds become wastepaper?Although it is said that the debt is higher than the equity, but if the enterprise goes bankrupt, what can you get back from your bonds?

The EU and island countries are not very rich. Let them take the money out.

What worries these people most is whether the government axe that takes over at this time will undertake the debt repayment work once LiangFang group goes bankrupt?

Other countries that have invested in LiangFang group's bonds and stocks are relieved to hear that. The U.S. government ax finally took over the LiangFang group. Shouldn't it be so dangerous this time?

The S & P credit rating of Fannie and Freddie dropped all the way, from the best AAA credit rating to the current CCC + credit rating. That is to say, S & P believes that Fannie and Freddie are likely to default. Without good commercial, financial or economic conditions, the default rate will be very high.

Also because of these, the stock of two housing groups is difficult to pull back.

S & P said that the credit rating of the two companies is so low that they do not have enough solvency. Is there any need for investment?

But when the U.S. government took over, it was different. The US government axe, however, has a AAA credit rating and a strong ability to repay, so it is basically impossible to default.

There are even many people who say that the bonds issued by LiangFang group may be re equivalent to the national debt of the United States, and the yield is higher than the national debt.

At this time, the bond value of LiangFang group began to pick up, and the stock of LiangFang group began to pick up. It seems that LiangFang group is about to revive.

But is it? Feng Yu is going to break through this illusion!

……