America's Road to Fame

Chapter 103 Release
William Chen also understood these things when he contacted Uncle Tom before.

"Charles Kushner, Garrett's father, will be out of prison in two months. So this project has been promoted by Garrett, who is temporarily the chairman of the Kushnar Group. The business is carried out in New York. So he is under a lot of pressure. If this project fails, I am afraid that his future prospects will be lost. Charles Kushner is not the only child."

So now Garrett can see signs of a crisis in the real estate market.They can only choose to continue with the plan to transform Building No. 666.

Otherwise, he can only choose to bear the responsibility for terminating the plan at this time and causing losses to the Kushnar Group.

You must know that although the Kushnar Group is controlled by the Kushner family, it is not without other shareholders.Once a serious loss is caused, it may be difficult for Garrett, who has assumed this responsibility, to get the opportunity to run the family company like he is now.

The problem now is that even if Garrett can see the signs, it is hard to imagine how serious the subprime mortgage crisis will be.Even those banks, if they are not careful, will end up bankrupt.

At that time, it will be difficult for the Kushnar Group to obtain bank financing through all means possible.

Therefore, William Chen knew from the very beginning that unless the Kushnar Group could really make up its mind, it would give up most of the other businesses of the group to keep Building 666.

Otherwise, the final result can only be the third installment, and the one billion dollars that will be credited to the account five months later will never arrive.

According to the agreement, William Chen also has the right to forcibly buy back Kushnar Group's shares in the No. 666 Building Asset Management Company at market prices.

"The most important thing for us now is to keep an eye on Garrett. Although he is under pressure and has to continue to carry out the renovation plan of the building, in fact he is not an idiot. When the consciousness is high, there is no chance of winning at all. , then he will definitely try every means to keep those funds.”

William Chen knew that the current situation was still unclear, so Garrett would have some illusions, these were normal.

But when the subprime mortgage crisis really came, it was the moment when he realized that he was in a dangerous situation.At that time, Garrad will definitely try his best to escape, so Uncle Tom needs to keep an eye on him and not give him any chance.

At noon, William Chen and Erica returned to their home in the Upper East Side after having lunch together.

"Why, it seems that what you have been worrying about is that you have been under too much pressure recently?"

Seeing William Chen sitting on the sofa in the living room, frowning slightly, looking thoughtful, Erica couldn't help asking.

As William Chen's assistant, many of his tasks are done by Erica, so she also generally knows what William Chen is doing now.

Therefore, she is probably the one who has the most personal experience of William Chen's mood at this time.Not to mention William Chen himself, even Erica often feels terrified when she comes into contact with the astronomical figures bet in the stock market.

It's okay to bet on the right chips, but if you fail, those huge wealth will be wiped out in an instant.

Therefore, in those rumors, the elites on Wall Street, after work, use various methods, including taking drugs and indulging in sex, to release. The reason is that if they are not paying attention every day, they may cause huge losses , the pressure is unimaginable for ordinary people.

"Everything in this world has its own laws, Erica, but it is still difficult for us to see the laws clearly. Human beings are using their own wisdom to make the operation of this world more and more complicated. So, maybe tomorrow Or the next second, anything can happen."

William Chen really felt a lot of pressure, even though he had previous life experiences, even though he knew through the eyes of the future that the subprime mortgage crisis was about to happen, even though he was absolutely sure that he was pressing in the right direction.

But at this moment, he put all his chips on the gambling table, and he couldn't look at all this easily without showing the cards.

He leaned his head on the back of the sofa, closed his eyes, and murmured, maybe he didn't even care what he said.

When future generations read history, many people will judge the merits and demerits of those historical figures at one end of the long river of history.It's just one thing that many people tend to overlook, that is, those who can leave their names in history books are all elite talents selected from a million. When an ordinary person lives in their position, facing the fog of history, they will never compare They do better.

At this time, William Chen has the experience of the previous life and the prediction of the future eye.

But in the past, he was just an ordinary person after all, and he had accumulated assets of half a billion at most. There are hundreds of such people in every city in China.

He now controls more than 30 billion U.S. dollars in assets. Although he has been working hard to improve himself, it is the first time he faces this moment of throwing this huge wealth on the table and waiting for the card to be opened. Emotional struggle.

Seeing his current appearance, Erica asked suddenly: "William, are you afraid?"

"Scared? No, I just, just try to do better."

Are you scared?To be honest, William Chen was really not afraid, but he understood that he would have too many advantages over others.

Therefore, he will inevitably have higher requirements for himself, and he must do everything as perfectly as possible. His plan, his every step, and even his control of his own investment risks are all based on this psychology.

Because he understands what a rare opportunity this subprime mortgage crisis is. If he can seize this opportunity, his assets will grow explosively, and many of his plans will be implemented more smoothly.

Because he values ​​this opportunity too much, it will also bring him a lot of pressure.

Although Erica can't fully understand the source of Chen William's pressure, but from her own perspective, a young man who is only 21 years old has a reputation as a "prodigal son" and bets heavily, hoping to avenge his shame.

Even from this point of view, she can understand the importance of this investment to William Chen.

So she no longer tried to comfort him with words, but sat beside him, grabbed William Chen's hand, and let him feel his heartbeat.

"All repression needs to be released, my little boy."

She approached William Chen's ear and said softly:
"F*** me..."

……

I don't know if Erica's method really worked. In the afternoon, William Chen had regained his strength and came to the office of Meta Investment Company energetically.

He didn't ask John Paulson again about the situation with subprime mortgage bonds.Instead, he took out the analysis of CDO and CDS bonds given to him by John Paulson before, as well as the information about the operation of No. 1 Fund this time.

He plans to observe and learn more intuitively through these materials and combined with the future economic trend.

By the end of 2008, the global financial derivatives market had exceeded 650 trillion US dollars.

What kind of concept is this?This figure is twelve times the global GDP for the same period.Note that it is the global GDP!

Due to the nearly ten-year real estate boom in the United States, and the fact that housing prices have not experienced an overall sharp drop in the past 30 years, subprime mortgage bonds based on this have become the most popular type in the financial derivatives market in recent years.

It is not difficult to understand why the subprime mortgage crisis broke out.It will directly destroy the financial system of the United States, and even affect the whole world.

Because the subprime mortgage bonds in the United States are not only sold in the United States, but attract investors from all over the world.It is no exaggeration for the United States, which itself is a unipolar world, to sneeze and the whole world will catch a cold.

As for why subprime mortgage bonds are so popular?

In fact, subprime mortgage bonds are not a new product that has just appeared in recent years. This kind of bond has been invented as far back as the end of the last century.

And in the development of more than ten years, the subprime loan bond market even experienced two collapses.

But after each crash, in order to obtain profits, financial institutions will improve the design of this bond on the previous basis to make it more perfect and safe-at least on the surface.

So two years ago, someone issued a report pointing out the dangers of the subprime bond market, and attracted some people to short CDO bonds together. As a result, they were sniped by the capital alliance and ended up liquidating a huge amount of money.

John Paulson's fund also suffered heavy losses on that occasion.

The result of this incident is that almost all Americans believe that housing prices will continue to rise, and the collapse of the subprime mortgage market is impossible, because the disaster is too great.

From then on, anyone who continued to bet against the subprime bond market was considered a lunatic.Including John Paulson, who was also advised to see a psychiatrist.

(End of this chapter)