Chapter 281

[281] BOTHMAX, Wall Street 2 "I do not know why you can not understand why you're doing this. You just focus on the numbers and calculate exactly the ability of the bank to pay. You know? "

Analysts and fund managers surrounded by PCs, laptops, and financial managers' accounting materials were shining in the meeting room.

Some of them taught me about funds and financial derivatives a few years ago, but they also listened to it quietly.

I can not understand it, but I have to do the given mission.

Everyone was open to doubts, and some people were unable to stop their mouths.

Howard These companies are the mainstream of Wall Street. It's a lot of money than our Miracles, and it's a little funny to calculate the limits of your ability to pay. "

They waved a list of companies rubbing money around the world and confirmed that they were not really meaningless.

They do not want them all to understand, but they have to explain the least possibility.

"Think about it. All our Miracle customers lose their money at once. So far, no problem? "

"I think so. If you take the trouble yourself with a sudden withdrawal. "

It is a very normal answer. We only play our customers' money, not gambling.

"Suddenly, somebody comes up and files a credit default swap contract and charges $ 100 million. This $ 100 million should be paid by our Miracle's money, not by the customer's money. Is it possible?"

The premise is a wrong question.

There is no time to withdraw money as all customers have promised. But now is the time to think about numbers.

They were reluctant to take the answers they already knew out of their mouths.

"We Miracle is possible. But you have to give up the bonus this year, and some have to pack up and leave here. The loss of $ 100 million is the amount someone owes. "

They looked at their uncomfortable expression.

"Think of the same thing as Goldman Sachs, Deutsche Bank, Morgan Stanley and Merrill Lynch. The bill, however, is $ 10 billion. Can not we get a bonus like us and keep it down? "

More than 10 trillion won, a figure of $ 10 billion, made them lose confidence and they still could not open their mouths.

"This is what I want. How much can a large financial company pay for a company's money, not a customer's money? There is a lot of money to pay, but what is the amount of money to put aside the extreme choice of bankruptcy with the default declaration? ? "

One of them, who was only listening, opened his mouth.

"It's time for a kidnapper to calculate a ransom."

Everyone's gaze turned to him.

"Oh, it was a study that was going on at school. When we abducted our children and asked their parents for money, it was a study that yielded the right amount to give to the police without informing the police. "

He was a little embarrassed, but shrugged and explained.

"If you call your ransom too low compared to your parents' assets, it's stupid to call a kidnapper more than the risk of crime you're going to have, and more than your ability to pay. Another thing, you have to identify the character of your parents. "

"Parental character?"

I was curious about his words.

"Yeah. So the average kidnapping is a disease. Parents who do not tolerate injustice will be able to pay, but if they think it is a little bit over, they will notify the police. "

"Then is the parent in this case the CEO of the bank?"

"Yes, but we must also consider their business philosophy, honor, shareholders, and social awareness."

"By numbers, does it mean it's hard to figure out the absolute maximum payout capability?"

"You can do it with the right number of payments, but it will not reach its maximum."

No matter what I thought, I pointed to him.

"You are the leader of this TFT. The deadline is two weeks. Please select the maximum number and report it to me. "

Not only the person I pointed out, but everyone was embarrassed, but did not change my decision.

I was writing swap contracts with another specialist as an assistant when figuring out the ability of financial companies to pay.

This is because mortgage securities are not a single product but rather a mixture of a lot of debt, so it is necessary to set a standard for each security.

We picked the top 50 trades for the highest value and rated ourselves AAA. For others, AAA is a symbol of safety, but it was nothing more than a lotto that could offer me the biggest dividend.

In the midst of securities analysis, Rachel Arief quietly called me. With a very urgent look.

"What happened? The expression … "

"I walked around Wall Street and got information … . Howard, I found some people who think the same thing. "

Of course it exists. I already know how they made money, and I'm following the same way they do.

But he asked me, pretending to be surprised.

"Already? Who is it? "

"Greg Lepman, Steve Iceman. John Falls, Ben Hockett … . There are individuals and institutions … "

"When did they start?"

"Fast people have already been two years ago. It was last year that money was poured in earnest. "

"They must have lost a lot of money. "

The higher the value of a mortgage bond product, the worse the bet is. If you invest in institutional investors for 2 years, you will have a lot of protests and lots of investment.

"Goldman Sachs has more than $ 200 billion in mortgage-backed securities. The biggest of them who bet against the opposition is only $ 700 million. With a simple comparison, they'll be seeing a huge loss right now. Maybe it was half-done. "

200 trillion won is 200 trillion won. In 2007, the budget of Korea is 230 trillion won. One financial company has a national budget.

I said to Rachel.

"Are you uneasy because you are half-finished? So you're trying to let it dry? "

No. I wanted to tell you that your prediction might not be wrong. "

"So you bet with me?"

She laughed and said, but she still did not solve the hard look.

"I want to keep my opinion. It's not a bet, it's an investment, a stable, steady profitable investment. Most of the customers have already supported my approach and favored withdrawing from home equity investment. But I did not want to bet. It's my way to go as the customers demand. "

Rachel wants defenders, not strikers.

Okay. I support Rachel's way of doing business. So please remain Miracle's CEO. "

This is true.

Is not Miracle New York a top priority for keeping my money safe? It is what I want to be called in a little bit less conspicuous than ROI.

Of course, because of this bet, the name Miracle will rise and fall on Wall Street, but the merit will be occupied here.

These are fame, I have money.

And I know what Rachel Arief's uneasy eyes mean.

It is because she knows that the moment I am paying the US financial market, which is in a stalemate, is the beginning of a slump.

* * * "Please keep in mind. At the same time, it is a credit default swap contract. If you sign contracts one by one, you will surely find someone to investigate our contracts. You have to do it in an instant before the information is leaked. "

It seemed that the people who had the contract kept pissing off laughter as if they were silly.

This stupid contract is a great idea, no matter where it is, no doubt, no one to investigate.

"New York is Friday morning and London is Friday afternoon. The London team will enjoy the weekend there. "

There was a silent smile on the faces of those leaving for London.

The opponent is going to be very friendly, going on a contract to sign up for a blind date, and going on a business trip like a vacation that you can enjoy all weekend.

They started off with a feeling of cheering.

I finished all the preparations and waited for Friday, drinking with Rachel in a small bar.

"How much is all? Total investment? "

Rachel asked, licking her lips with a cocktail.

"I got a slightly higher insurance rate. Some people may have perceived this crisis a little by now. I need to give him enough money to get his eye out. "

"How many%?"

"Minimal 4% and max 7%."

"How long is it?"

5 years

“What?” If you think it will not be a difference for 5 or 10 years, right? It's next year anyway. "

Rachel showed a self-helping laugh.

"indeed. I just have to pay a year's premium. "

"What is the total amount?"

"If the average insurance rate is set at 5%, it will cost about $ 3.5 billion … "

"You make 20 times as much as $ 3.5 billion in this bet. $ 70 billion? "

The bartender, who filled the glass, turned around and frowned.

A middle-aged aunt and a young oriental man are probably the numbers that speak like bullshit.

Actually, I sounded like bullshit.

70 billion dollars, 70 billion dollars for our money.

I have a bunch of circles, a digital signal, and a realistic number.

"You think $ 70 billion is paid by Wall Street?"

"What do you think of Rachel? Did you catch it too low? "

She opened her mouth to ponder.

"Now, there is no problem at all. But next year, I'm afraid I might be worried that it might be a high price. "

"It's safe to be dispersed to London and New York."

"Next year you'll catch up or push Warren Buffett. Would you sit at the top spot in the world at once? "

"As I have not been exposed, there are many unseen rich people in this world. So next year, Forbes is still in the top of the charts with Warren Buffett and Bill Gates in second place. "

Korean chaebol presidents also belong to those who have not been exposed. It's a private property. It's about three trillion and four trillion. But how many more are the companies that use hundreds of trillions worth of valuables?

"I've been buried only in numbers for the rest of my life, but I'm confused because the number that goes beyond the boundaries of the accident appears before reality."

Rachel again drained the cup.

"Do you have any plans for what to do with that money?"

Of course.

I can not tell this woman.

"My esteemed grandfather said this to me."

Rachel's eye gazing at the cup turned to me.

"It is the purpose of making money. Do not think where to spend the money. When you live, it is time to spend the money anyway. It is time to worry about writing money. "

She laughed quietly.

"Again, the rejection is different. Your grandfather was a very rich man, too? "

"Yeah. But if he was alive, he would be incredibly surprised. I've never sold $ 70 billion in a year. "

"You want to be your first since capitalism emerged?"

Or is it? I think there must have been another.

"Does not Napoleon tell you that the Rothschild family made enough money to buy the whole of England during the battle of Waterloo?"

Rachel shook her head.

"It's a story that goes from conspiracy to stem. I just made big money from the government bond investment, and now it's not over $ 1 billion. "

The $ 1 billion Rothschild family is ultimately a national tax, and the money I earn comes from the pocket of American citizens.

My heart is so light because I am not a Korean citizen.