They are all reborn, and the grandson is still a spare tire

Saturday, three o'clock in the afternoon.

At the Wuzhou Hotel Conference Center, the Financial System Investment Summit is being held.

On the rostrum of the main venue.

A senior executive from Morgan Stanley, the top investment bank on Wall Street, was talking eloquently and doing his best to confuse the senior executives of many financial institutions and investment experts present.

"Ladies and gentlemen, there is no need to worry that this crisis that originated in the subprime loan market in the United States will spread."

"Compared to the beautiful country's strong economic strength, this is just a small trouble, and it won't take long to resolve."

"Mortgage fraud and loan defaults are likely to increase in the U.S. housing market over the remaining months of this year and into next year, but the numbers will decrease rapidly."

"The negative impact of this problem on the country's economy will be very limited. The further time goes by, the smaller the impact will be until it is completely negligible."

"For the sovereign funds and financial institutions of Asian countries, this is a good opportunity to deeply participate in the economy of beautiful countries, and it is also an excellent investment opportunity..."

Through simultaneous interpretation, the content of the foreign devil's speech was clearly transmitted to the ears of everyone present.

If Yao Yuan were at the scene, he would be able to recognize him at a glance.

The foreign devil standing on the podium and speaking with a microphone turned out to be John, the president of Morgan Stanley's Hong Kong branch, an old friend who had plotted against him before.

The simultaneous interpreter a few meters away was also an old friend.

This old friend is none other than Lin Jianfeng, who went to Wall Street and currently works at Goldman Sachs, another top investment bank on Wall Street!

On Wall Street, Goldman Sachs and Morgan Stanley are competitors. They think about how to scheme against each other every day, and occasionally join forces to scheme against third parties!

But here, these two top investment banks are the same breed, and they are both here to cheat money!

Because of this, Lin Jianfeng, who works at Goldman Sachs, can speak standard Mandarin and has a certain amount of energy in China, so he appears here and interprets for John at the same time!

When everyone's interests are aligned, it's normal to work together!

In a small conference room on the top floor of Tower A of Wuzhou Hotel.

Yao Yuan sat on the chair, watching the performance of the dead foreign devil and the fake foreign devil on TV with disdain!

Also in the small conference room were several experts and professors from the Central Financial and Economic Commission.

Moreover, Yao Yuan knows these experts and professors, including two professors from Peking University and Renmin University.

After a while, John had finished his speech and walked off the stage.

Immediately afterwards, a senior executive from another top Wall Street investment bank, Merrill Lynch, confidently walked to the front stage and began his performance.

The person in charge of simultaneous interpretation is still the fake foreign devil Lin Jianfeng.

Because of his appearance, many financial executives and investment experts present had no doubts, thinking that he was just a translator with rich financial knowledge.

But who knew that he was a staff member from another top investment bank on Wall Street.

Letting him serve as a simultaneous interpreter is undoubtedly a huge hidden danger and a big omission.

It can even be said that he appeared in the position of translator with ulterior motives!

Of course, many people at the scene knew Lin Jianfeng, but chose to remain silent.

After introducing himself, the senior executive from Merrill Lynch got down to business.

"Ladies and gentlemen, the climax of subprime mortgage defaults is about to pass. Now is the best time to enter the subprime loan market. It's time to buy the bottom!"

"We at Merrill Lynch have decided to introduce some new strategic investors, and are willing to transfer a certain proportion of equity to this end, to develop and make money together with the new investors."

"In addition, for all institutional investors, we at Merrill Lynch have decided to issue several funds that specialize in investing in subprime loan bonds. Everyone is welcome to actively subscribe..."

Next, this guy spoke eloquently and kept describing a bright future to many senior financial officials and investment experts present.

Lin Jianfeng, who was standing a few meters away, translated what he said into Mandarin and relayed it to everyone present.

During the simultaneous interpretation process, this guy brought in a lot of private goods.

Under their joint instigation, many senior financial officials and investment experts present were very excited, and their eyes shone brightly!

Wuzhou Hotel, in the small conference room on the top floor of Building A.

Professor Guo, who was watching the live broadcast, suddenly turned to look at Yao Yuan and asked with a smile:

"Xiao Yao, what do you think of the speech of this senior executive of Merrill Lynch? The terms of cooperation they proposed sound quite attractive."

"Merrill Lynch and Morgan Stanley are both the world's top investment banks. They both agree that the damage caused by the subprime mortgage crisis will be limited."

"If this is the case, now that there is such an opportunity to invest in the world's top investment banks, I believe many financial institutions will not want to miss it."

Yao Yuan looked at Professor Guo, then at the foreign devil talking on TV, and then shook his head disdainfully.

"Professor Guo, at this time, you must not believe the deceptions of these damn foreign devils on Wall Street. They are all lies!"

"With the behavior of these vultures on Wall Street, who don't even let go of carrion, they would give such huge benefits to others? Even ghosts wouldn't believe it!"

"This guy's statement that the peak of subprime mortgage defaults is almost over and things are getting better quickly is a complete lie!"

As he spoke, he pointed to the top executives of Merrill Lynch on the big-screen TV.

After hearing what he said, several other experts and professors at the scene suddenly became interested.

The next moment, Professor Beida Lin smiled and said:

"Xiao Yao, what you said is so convincing, let's expand on it. Everyone wants to hear your opinion."

"You're a guy who never stops talking without surprising you. Since you dare to say that, there must be some basis for it."

Professor Lin was an insider of the secret operation and a member of the planning team that formulated the action plan.

He knew very well what Yao Yuan's real purpose was in going to Hong Kong Island, and he also knew why Yao Yuan came to Pengcheng secretly.

And he knew that Yao Yuan was the first person in China to issue an early warning of the subprime mortgage crisis. His research on the subprime mortgage crisis was as deep as almost no one could!

Of course, very few people know these things, and everyone is required to keep them strictly confidential.

Yao Yuan looked at Professor Lin, thought for a moment, then nodded and said:

"Okay, Professor Lin, I will tell you some of the information I have so that everyone can understand the dirty tricks of these damn foreign devils."

"What this foreign devil said that the climax of subprime mortgage defaults has passed is simply telling lies with his eyes wide open."

"At the end of last year, the repayment default rate in the subprime mortgage market in the United States reached over 10%, which is seven times that of the preferential loan market."

"By June of this year, the default rate of subprime mortgage loans was close to 30%. The default rate was so high that financial institutions in the United States did not dare to announce it."

"They were afraid that announcing this ultra-high subprime loan default rate would cause the entire market to collapse completely, but the paper could not stop the fire, and the default rate was still spread."

"More than a month has passed, and the situation has not improved at all, but has become worse. It is possible that the default rate of subprime loans now exceeds 40%, and the real data is even more shocking."

"Let's talk about Merrill Lynch, the third largest investment bank on Wall Street. Their real losses in the subprime loan market are very serious. I think Merrill Lynch may not be able to survive this crisis."

"Financial institutions that listen to these guys and invest in Merrill Lynch are likely to lose not a cent in the end. Don't forget the principle that debt is better than equity."

Not surprisingly, his words shocked everyone present.

"Ah! You said that Merrill Lynch may go bankrupt during this crisis. This is the third largest investment bank on Wall Street!"

"If even Merrill Lynch goes bankrupt, it won't be a subprime mortgage crisis, but a financial tsunami sweeping the world!"