Chapter 1240

For William White, what he has seen and heard these days really subverts his cognition. It turns out that rich people play like this!

But don't you feel the danger?

Class is an objective existence, but if we can get down or not, this stagnant class will become rotten one day.

We can't let the economy collapse. The Federal Reserve's proposal to rescue Brazil has just come out. Then, the old story of peanut meal comes up again. In order to make the United States greater, everyone should have a decent house.

Or it's a coincidence, or it's a destiny. Coincidentally, the big rabbit across the Pacific also took a fancy to this sharp weapon.

"Gradually relax credit? Is that possible? " William White shrugged and swung his club with ease. A small white ball staggered straight into the ditch.

"Shit, Warren, what did you just say?"

See this guy angry, Buffett also don't care. As a matter of fact, he thought the guy was posing. White bank, not keen on subprime mortgage, in fact, they prefer super large financing.

Obviously, the old man is wrong. It's one thing that white bank is not keen on. It's another thing what it means to relax credit rating from the policy level.

The United States is a contractual society, so how to evaluate a person's credit rating has become a top priority.

FICO, American credit rating company, if individuals need to deal with banks, this score is a very important indicator.

The highest score is 850. If you reach or approach this value, you can get a loan from the bank. There will be a very favorable condition.

620 points is the watershed. If it is lower than this score, it is difficult for you to get a loan. Even if there is, the interest rate will rise by 2%. Over the years, this scoring system is actually good. For bankers, it really reduces their operational risk.

What did Buffett just say?

They intend to adjust appropriately.

Wocao, if you do this, the bad debts of banks will increase greatly. Are you sure this is a good idea?

"Well, William, affected by the Asian financial crisis, banks have reduced their subprime mortgage loans. As you know, the number of new housing construction has declined for two consecutive quarters."

"Ha, you can't tell me this. I won't object to it, but I won't carry it out.

I'll ask the think tank to recalculate. If you say that high quality loans are high quality, I won't admit it. "

Warren Buffett sighed. He understood that William White's risk aversion is increasing, not to mention sub prime loans. If you want to use this scoring standard, he won't even approve of high-quality loans.

In that case, the role that the Federal Reserve can play in opening the floodgate is bound to be greatly reduced. It is obvious that there are many banks with the same idea.

When William White looks at Warren Buffett, he's really a little angry. You bastards, do you know how big a hole the subprime loan is? If the high-quality loan also changes, don't mix it up.

"Warren, don't they think that proper tax cuts are actually better.

In other words, the Fed can cut interest rates again. "

"Tax cuts?" Buffett is speechless and choking. You don't see what Lao Ke has done. For quite a long time to come, the U.S. will not have a fiscal surplus.

"Well, when I don't talk about health insurance, I can only say that the current tax system is unsustainable."

Buffett smiles and does not speak, starts tossing his club. Even if William White fell into the ditch, he was at least five strokes ahead of him. This is where he is depressed, or where many people are depressed.

Long term capital company, just made a small mistake, the result is falling apart. If the Tiger Fund didn't cut its position in time, it would be dead by now.

Look at this proud bastard on the other side. He really has arrogant capital.

What if you lose? As long as you don't lose all the time, who can help you.

Other entities to virtual, try to reduce the allocation of heavy assets. As for him, it is obvious that he is going to give up when it is good.

You see, I don't gamble any more. How can I lose. But you old people, the best thing is to take it easy. If you are caught by this guy, don't worry, you will die worse than pigs.

William White still understands the routine of these bastards. The current market situation is not good. It's useless for you to promote subprime loans. No bank dares to go into the water.

So, first, relax the rating of high-quality loans. Let some people who are not qualified for loans become high-quality loans. When the economy recovers, we can plan for the next step.

As long as the bank loans the money, the next step is simple. Due to the thorough securitization of the United States, such high-quality loans will eventually turn into bonds and circulate among banks again.

Good economy, that's a good idea. The money that banks actually hold in their hands is far more than their actual deposits.In case

Then hold together. Banks are in bad luck. Guarantee companies are in bad luck. If it's more serious, insurance companies will have to fight the streets. Wilhelm white is full of complaints. You bastards, this is the kidnapping of hongguoguo.

It's already a disaster if there is too much money. The Fed thinks that this is not enough. The printed money needs to be used up. If you all throw it in the bank, why does it have to print so much money.

Personal credit rating, it seems no big deal, right? Is that exaggeration?

As I said before, the United States is a contractual society, that is, a credit society. Do you know that the score is the same as that of some Alipay sesame.

The higher the score, the higher the credit rating you get, the lower the loan you get, and the more money you get.

If you don't buy a house, don't you use a credit card. You should see it this way. It's putting money in everyone's wallet.

For the ordinary people in the United States, this NIMA is a salary. It used to be 3000 credit, but now it's 5000 credit. So, don't buy the car you like first.

In order to promote consumption, Greenspan also worked hard. It's not even hard for William White to guess that this damned plan is also controversial within the Fed.

Replace a possible crisis with an inevitable one. The guy who can come up with such a bad idea is also capable.

Buffett left, although the talk is not very successful, at least it is clear about this guy's attitude.

If you don't support or oppose it, or if you want to oppose it, you have to have corresponding strength.

"What? Don't understand? "

"Well, boss, white bank will lose a lot of customers.

We don't have many credit card users now. If there are no preferential measures, it's really difficult to explain to customers. "

"I don't know. It makes me feel bad. Philson, if there is serious inflation, will the current conditions be narrowed again!

Alas, it will drift with the tide in the end. As long as I make up my mind, I can only be forced to accept them. "

For William White's prudence, filson is a little disapproval. As long as you dare to relax, I dare to increase the loan investment. This kind of things, and finally all packaged and sold.

Hehe, even if there is systemic risk, it is also the pot of the Federal Reserve and AIG. I don't know what the boss's affectation is. It's really puzzling.

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