C1853

More than a decade ago, a terrible subprime mortgage crisis broke out in Singapore and swept the world. At that time, numerous banks and funds went bankrupt, and the root cause of the subprime mortgage crisis was still related to house prices.

We all know that xingtiao has a perfect credit system, and everyone has his own credit record. Good credit to the bank loan is easy, and bad credit people to apply, the bank will not accept these loans.

What is a subprime loan? The simplest explanation is: loans to people with bad credit.

In the first few years of the 21st century, the housing prices of star countries have been growing rapidly, which has a match with that of China. And this has led to countless star state families can not afford to buy a house. Many people with low income or bad credit can't apply for a home loan.

Originally, this is very normal. In China, if you can afford to buy, don't buy if you can't, but the xingtiao government is unwilling to intervene in this matter: they put pressure on various banks and financial funds, let them relax the loan standards, and can make more loans to those low-income people, so that they can have the money to buy a house.

Xingtiao is not living Lei Feng. Their purpose is...... Keke, learn from Huaxia, solve employment problems through infrastructure development and increase GDP at the same time. In those years, house prices rose rapidly, and no one believed that house prices would go down, so the loan companies issued a large number of subprime loans.

In addition, the repayment methods of these subprime loans are also very interesting. In the first few years of obtaining loans, we only need to pay about 1.5% of the ultra-low loan interest rate every year. After a few years of repayment, it will increase to a high level to make up for the low interest rate in previous years.

What lending companies do is to get more people to apply for subprime loans, which can increase income.

What about not paying back the loan? Confiscate the house. In any case, they all think that the house price will not fall, as long as they take back the house as collateral and sell it out, not to mention there is no loss, or even profit!

But what drives them crazy is that the house price has really plummeted.

For example, someone bought a $1 million house on loan. As a result, there are still 800 thousand dollars of loans not paid off, but at this time, the house price has fallen down by 500000 dollars and there is no upward trend. Ninety nine of those 100 people will not continue to repay their loans, but will directly give up their houses. After all, the value of their houses is only US $500000. Why should we pay off 800000 US dollars loans for 500000 US dollars?

So those loan companies piled up a lot of cheap real estate. In order to recover the capital, they had to sell them to take out at a low price, which once again lowered the house prices. So at that time, a large number of banks and funds went bankrupt.

And because these financial institutions are the kind of global large financial institutions, the sub-prime mortgage crisis of this star country soon affected the global financial industry. In the end, even financial giants like "Lehman Brothers" couldn't bear to go bankrupt, and the damage can be imagined.

Of course, in addition to them, the most unfortunate people are those who applied for the subprime mortgage. The loans in front of them were paid in vain, and they didn't get anything in the end. And ordinary people like Joseph, who bought a house in that period, suffered too much: the house prices fell so badly that they could only sell their houses.

And who is the happiest? That's the rich people who spend a lot of time buying real estate. During the subprime mortgage crisis, house prices once fell to one-fifth of the peak period. At that time, the villa in the flat area of Beverly Hills could be bought for only $230000! Li Jianguo is the house he bought at that time.

As a Chinese, he knows Chinese too well. When he comes out to travel, he has such a cheap and comfortable short-term rental room. Besides those who can issue invoices for reimbursement or are not poor in money, who will stay in the hotel? So his business is booming.

Now, not only do we face huge fines, but we may also face imprisonment.

In the final analysis, four words: self made!

For many Chinese people, money is more important than life. They are not afraid to lose their lives. Many people would rather stay in prison than leave their money to their families and descendants. Now, although they don't need the money, they may be free from prison, but this fine is more painful for such people than the fine.

Looking at the blocked door, Xiao Peng is speechless. Where does NIMA live?

Qiong took out a centurion card like Xiao Peng and said, "it's OK. I'll book a hotel now. My credit card has customer service. I can find the hotel." After that, he took a glance at Xiao Peng, meaning "look, I'm effective at the critical time.".

As a result, Xiao Peng patted his forehead: "I almost forgot this stubble. It's OK. I also have it. I'll call the MasterCard customer service center and ask them to arrange a room."

Joan looked at Xiao Peng's phone call and said to Joseph on the other side, "now the police are so rich? Can you take a centurion card

Joseph was stunned. What kind of policeman was Xiao Peng? He's an honorary policeman! Joseph quickly explained: "Xiao is an honorary police officer, ordinary police can not be as rich as he is, he is the real status of money."

Joan thought for a moment, "is it still permissible for him to be so high-profile in his work?"Joseph explained, "he's not very high-profile. You see, his countrymen didn't know him just now. But you know, it's hard to be ignored as long as you have money. If he wants to be high-profile, we should be surrounded by paparazzi now

Joan was dumbfounded: "this is what secret agents are like these days?"

"Secret agent? What a mess? " Joseph was a little dizzy: "his other identity is a fisherman."

Joan nodded: "I know, I understand, I won't tell you! He has contributed so much to our StarCraft country, living in danger every day, and it is also proper to enjoy a better life. "

Now Joseph's completely dizzy. What secret agent? What does StarCraft contribute to? I know every word you say. How can I be confused?

Looking at Joseph's expression, Joan put her finger on her mouth: "OK, don't say it, I won't ask. I know it all! "

Joseph is completely stupid. You know what? You tell me! What secret agent is Xiao? Is Xiao a secret agent sent by China? That's not right. What contribution has he made to StarCraft? You should explain it to me!

At this time, Xiao Peng came back: "well, it's not easy to book a room in Leidong because of the cannonball racing. There is only one presidential suite. Let's make do with it. However, there is also an advantage. I ordered the Crowne Plaza Hotel at Redondo Beach and wharf. In particular, the name of this hotel is really awkward. But that's where the cannonball starts. By God, I always thought "shell flying car" was a story that happened in the movie

When Jackie Chan first arrived in Hollywood nearly 40 years ago, he took part in two popcorn movies, namely "shell flying car" and "shell flying car 2", in which he played a Japanese driver. The first film was pure supporting role, and the second film had more parts.

This is not to blame him, in those two films that were big names, can participate in the role has been very cow X.

The story is also very simple. It is the story of a group of racing drivers from all over the world taking part in an illegal racing race between the East and the west of xingtiao. There are all kinds of cars in it, such as trucks, sports cars, ambulances and even police cars. The movie tells the story of these drivers fighting each other all the way.

Xiao Peng always thought that this was just a movie story. Now he knew that this "shell racing" event had a long history in xingtiao. Since 1933, when racing driver Baker set a 54 hour feat across the East and west coasts of xingtiao, together with another extreme challenge called "Bull Racing", xingtiao was deeply loved by xingtiao people 。 It's a race that has been going on for nearly a hundred years, running from Redondo Beach in Los Angeles to the Hua Sheng Dun district.

(PS, there are two Hua Shing ton states in star strip, one is the state of Hua Shing ton on the west coast and Canada, and the other is the Hua Sheng Dun special district on the east coast, where white house is located.)

This event is also very interesting. Is it legal? It's not legally recognized. It's illegal. But do you think it's illegal? As in the movie, there are many police cars taking part in this event. Just like the initiator of the cannonball race, he is a policeman.

It's just that the police didn't take part in the competition to win the championship, it was more like a ceremony.

Xingtiao police is a high-risk occupation. It is still a question whether they can go home alive when they go out every morning. The initiator of this race car has been hit by bullets eight times before and after. It is a miracle that he can still live. But this kind of miracle is not everyone can encounter, so he launched the bullet car race, hoping to attract the attention of the society to the police who died in duty and their families. At the same time, they will also visit the families of the police killed in duty along the way, and transfer the donations to the families of those killed in duty.

The most famous example is in 2006, a guy named Alex Roy and his co pilot set a record of 31 hours and 4 minutes. The average speed is 144 kilometers per hour, and there are many things that waste time, such as traffic jams, refueling, going to the toilet and so on. After deducting the wasted time, their real speed should be above 200 km.

This is speeding! But when the reporter interviewed the police of the states along the way, they waved their hands: they did not crash or hit people, and they were not found by the police when they passed by, so we don't care about this......

It's not a legal game.

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