Chapter 1853

"It's too much, and you shouldn't do it for a show. Just go for a day or two. There's no reason to stay for a few months!" Rex Morgan was very depressed and felt like punching in the air.

After all, rext Morgan tried his best to prepare such a rich set meal for boss Jia, but boss Jia didn't care or even knew about it, which was very uncomfortable.

"No, this must be Daqian's coping strategy. I want to deal with it by pretending not to know!" Lecter Morgan found a reason for Daqian. In fact, this reason is really unreasonable.

After all, even if you pretend to ignore it, you should find a way to solve the problem. There is no reason to deal with it like this.

After all, every time Daqian delays a day, it may lead to more serious losses.

Now more than a year has passed, and more than half of the replacement power stations in Daqian have not started at all. Aren't they in a hurry?

Rext Morgan decided to intensify the crackdown and make Daqian feel more pressure. At that time, he was not afraid that Daqian and Jia Yapeng would not come out to deal with the crisis.

So at the beginning of August, various crises came one after another. There was even a big news that the US Congress planned to ban electric vehicles again because of the huge protests in the domestic oil industry. Anyway, the whole situation was very bad for Daqian.

However, at the same time, rext Morgan also ordered that as long as Daqian starts to solve the problem, don't be too difficult for the other party. Let the other party spend a month or two to solve the problem. Anyway, we can't really break Daqian's strength.

Rext Morgan handled a lot of things carefully, but on August 8, rext Morgan had to be distracted from other problems, that is, Freddie Mac and Fannie Mae announced almost simultaneously that the company was in an inoperable state and could go bankrupt at any time.

As early as July, the quarterly reports released by Freddie Mac and Fannie Mae showed that both companies lost $70 billion, a total loss of $140 billion.

It is well matched in strength as like as two peas in a close match.

As soon as the two annual reports were released, Freddie Mac and Freddie Mac naturally fell into a state of sharp decline in share prices. On August 8, the two companies announced that they could not maintain normal operation, while the international credit rating agencies directly adjusted the credibility of the two companies to the lowest point, and the share prices of the two companies plunged again.

In fact, rext Morgan has long foreseen this event, and even rext Morgan pushed it a little. However, rext Morgan's purpose is very simple. It is to use this crisis to make a large number of vacant Freddie Mac and Freddie Mac stocks, so that the Morgan consortium can make a big profit from the middle.

Of course, rext Morgan also knows that this may cause a great crisis to the American economy, but the same crisis has occurred countless times before. Rext Morgan thinks it may be only a subprime mortgage crisis at most, that is, the interests of a small number of people are damaged, but rext Morgan himself never thought of it, How terrible this crisis will evolve.

Here, it is necessary to explain the origin of the subprime mortgage crisis.

There are two explanations for the subprime mortgage crisis. One is that subprime means subprime, which is a loan with low credit and debt repayment ability. The other is that subprime means subprime, which is a crisis caused by subprime products of loans.

Looking at the whole outbreak process of the crisis, these two explanations are both reliable and include part of the crisis. The combination of these two explanations is the most complete explanation.

In the United States, consumer loans are a very common phenomenon, and the main loan causing the subprime mortgage crisis is housing loans.

Americans basically don't buy a house with all the money, and they don't have the money to buy a house with all the money, so they can only buy a house with a loan.

In China, if you want to buy a house with a loan, the bank will require buyers to provide their own bank flow to prove that they are able to repay the house purchase loan every month. Providing loans to such buyers is high-quality loans, also known as high-grade loans.

On the contrary, if a home buyer can't provide enough bank flow, but the bank still thinks he may be able to repay the loan, so it approves a loan for him, then such a loan is called subprime loan.

This corresponds to the first explanation.

Generally speaking, the issuance of subprime loans is very cautious. The bank must make a more comprehensive investigation on the lender to really prove that the other party can have the money to repay the loan in the future.

However, since 2000, the economy of the United States has continued to improve. Many loan companies have found that as long as they can lend money, it is a huge wealth.

Some people may find it strange that 00 years ago, it was not because of the Internet bubble crisis. How did it make subprime loans sell well?

In fact, this is the point. First of all, the network crisis in 2000 mainly affected network enterprises, and other entity industries, especially the real estate industry, were not affected.

On the contrary, with the collapse of the Internet bubble, many people suddenly feel that the industry of the Internet is not reliable, or that reliable industries are more reliable.

Therefore, investing in real estate has become the choice of many people. No matter whether they have money or not, everyone wants to buy a house, because if they buy a house, the house will inevitably appreciate, and the profits brought by house appreciation far exceed the interest of the loan. In this way, this is a business that can earn no loss, so neither the poor nor the rich can refuse such a business.

Similarly, all lending institutions can not refuse such a deal, and even a rule has been formed in the stock market, that is, if the loan data published by any lending institution is high... No matter whether the loan is high-quality or subprime, as long as it brings out more money, the stock of this lending institution will rise.

Therefore, almost all lending institutions began to relax the investigation of subprime loans. In the later stage, many lending institutions simply did not investigate. As long as someone wanted a loan, they approved it immediately without hesitation.

Finally, after a while, many loan institutions began to solicit people everywhere. Through various activities, such as delivering products, they took the initiative to invite all kinds of people to their institutions to borrow money to buy a house.

At that time, there was such a joke that the salesmen of three loan institutions competed for their abilities.

A salesman pulled three people to apply for loans in one day. Others were very surprised and asked him how he did it. He said that he brought all his relatives who had not applied for loans.

The second salesman expressed disdain because he brought in ten people for loans because he brought in all the people who didn't have a house in his friends.

But the third salesman was really amazing. He brought 50 people to apply for loans in one day, because he brought all the tramps in one street.

The most amazing thing is that these people have all applied for loans and happily bought a house.