Rebirth: Earning hundreds of billions at the beginning, Yang Mi calls godfather

Jiang Liu didn’t know that John Paulson, the first hedge fund in the future, admired him.

He’s busy with his own business.

Five billion dollars, two billion left?

If you don’t spend it, the river is uncomfortable.

His eyes were on CDS, a credit default swap.

Unlike short CDO (Secured Debt Certificate), CDS is long.

CDS is simply understood as a short payment of monthly premiums to the bank.

Once the housing market collapses and the mortgage defaults on a large scale, the bank has to pay dozens of times the compensation to the shorts.

Yes, that’s right, insurance, mortgage default insurance.

Streamed Capital Conference Room.

The subordinates asked the questions in their minds.

“Jiang Dong, will those banks agree to credit default swaps?”

CDS is not yet available.

Now 99% of people in all Citi countries believe that house prices will not fall, and the real estate market will always be positive.

How could anyone buy mortgage default insurance in this situation?

Even Paulson, he didn’t expect this thing.

But Jiang Liu knew that this thing was the real profiteering.

If he doesn’t do it, someone will start doing it in a few days.

Among the remaining one percent of Citi, there are still many powerful figures.

The profit margin of the initiator is definitely higher than the profit margin of following others.

Subordinates have concerns.

Their concern is whether the major investment banks will recognize CDS.

“To be fair, if I were a bank, adhering to the principle of not being afraid of 10,000, I would definitely not endorse CDS.”

“This time is deeply touching, these people are really shrewd.

It is unlikely that this risk will be taken. ”

Jiang Liu smiled.

“You still think from the perspective of the Chinese people.”

“You must know that Chinese and Citi are different.”

“As a Chinese, you may think CDS is a risk, but Citi people don’t necessarily see it that way.”

“If I raise the premium high, they will say yes.

Because for them, the housing market will not collapse.

Based on this keynote, our main 19 move to pay the mortgage default insurance fell into their eyes is tantamount to sending money.

Why not pick up money for nothing? ”

Jiang Liu has already grasped the minds of the big banks to death.

No way, the weakness of the Citi people is too obvious.

Arrogant, opinionated, and overly confident in their financial system.

“More importantly, the concept that I am a loser is deeply rooted in people’s hearts.

Anything I propose will not be subconsciously taken as an opportunity for these people to take advantage. ”

An employee patted his head and said: “This is called showing the enemy to be weak, Jiang Donggao!” ”

“There is a saying in my hometown that the face is like a pig and the heart is bright.”

……

Jiang Liu sneered.

“The one who treats others as a fool is the biggest fool.

I think Niu Yo is a lot of stupid. ”

For the rest of the day, the river roamed between the major banks.

Niuyo turned into his hunting ground.

All banks are his prey.

Lehman Brothers, Office of the President.

Pete looked unloved.

The man’s eyes lost their color.

During this time, Jiang Liuhao threw three billion short CDO.

But he couldn’t stop it.

That sense of powerlessness made him almost crazy.

Now Jiangliu has pioneered a mortgage default insurance.

Pete didn’t feel much this time.

He, numb!

President Lehman said in surprise: “What? ”

“Are you going to buy mortgage default insurance?”

Jiang Liu sat across from him and talked.

“Yes, I am willing to pay your bank a monthly premium.

If the real estate market remains normal, then I will always pay premiums to your bank.

If the housing market is turbulent and there is a large-scale default on the mortgage, your bank will pay me compensation. ”

“Sorry, we don’t have this financial program right now.”

“There is no road in this world, and when there are more people, it becomes a road.

Since your bank doesn’t have mortgage default insurance right now, why not create one now? ”

The president of Lehman Bank looked at Jiang Liu’s gaze as if he were looking at a fool.

Ouch, it’s really unheard of.

The big guy said that you are a loser and do not take money as money, and I was a little unconvinced at first.

After all, people who can make five billion dollars can’t be that stupid.

Now it seems that I still overestimate you.

It’s my fault, I shouldn’t have any illusions about you.

“Mr. Jiang, you are playing a game that must be lost.”

Jiang Liu was unimpressed.

“I don’t think so.”

You bet that the housing market will continue to be positive, and I bet that the housing market will collapse.

Do you dare to bet?

Does Lehman Brothers have this confidence?

Jiang Liu recalled the end of Lehman Brothers in this crisis.

In Lehman Brothers’ investment base, mortgage loans and real estate-related financial derivatives account for as much as 35.5%, and there are huge risks hidden in the system.

The subprime mortgage crisis broke out, and the fuse was ignited.

The haughty president, Fould, refused to write off Lehman’s real estate assets significantly.

He lost his last chance to save himself.

When big banks such as Goldman Sachs and Morgan are exhausted and ask for help.

Lehman Brothers did not take effective self-help measures.

After that, the situation became worse, and there was a cold country banking industry ready to buy Lehman Brothers, but President Fuerd refused.

In the end, the situation came out of control, and Lehman Brothers had to call for help.

President Fall looked up, and at this time no one was willing to lend a helping hand.

Not even the Citi government.

Not long ago, Citi State authorities called an emergency meeting of Wall Street financial tycoons, and Fauld was absent.

In an atmosphere of despair, Lehman Brothers issued an announcement to file for bank bankruptcy protection.

After one hundred and fifty-eight years, the mighty Lehman Brothers fell.

Lehman’s bankruptcy and collapse were largely due to President Fulder’s arrogance.

Ignorance does not lead to destruction, but arrogance does.

Fold was known for his ruthlessness on Wall Street and made numerous enemies.

This directly led to the fact that when Lehman Brothers could not hold on, other large Wall Street companies chose to stand idly by.

Maybe you’ll spit melon seeds and say goodbye.

The voice of Lehman President Fored pulled the river back.

“Mr. Jiang, since you are so persistent, then I have to follow your wishes.

Before that, let me discuss with my subordinates. ”

The disdain on the face of Fald, Wall Street’s fiercest and longest-lived bulldog, came to his face.

Jiang Liu keenly caught the disdain on Fored’s face.

Hehe, you are like this, I will not have a psychological burden when I short Lehman Brothers in the future.

Jiang Liu really wanted to stand up and applaud Fuerd.

Come on!

Keep up this rebellion and try to turn Lehman Brothers to the top!

“Wait for the good news.”

Coming out of Lehman Brothers, Pete asked, “Where are we going next?” ”

Jiang Liu patted Pete.

“The next bank, of course.

How can a Lehman Brothers satisfy my appetite?

Don’t be left behind, great boy. ”

A desperate Pete followed.

In the end, Zhuang Zhou dreamed of butterflies, you are a gift and a disaster.

After all, Li Bai is drunk, and you are lonely and sad.

It is my blessing to meet you.

“You really don’t waste all your funds unwillingly, do you?”

Jiang Liu stood in front of the car door and looked back at the majestic Lehman Brothers building.

“I’m just afraid they won’t have so much money to lose me then.” (Read violent novels, just go to Feilu Fiction Network!) ）

Immediately after Jiang Liu left, Fored held a high-level meeting to discuss Jiang Liu’s demand for mortgage default insurance.

The Lehman Brothers top brass couldn’t believe it.

“Oh God?”

“Isn’t this sending money to our bank?”

“Haha, how can the real estate market collapse?”

“What are you kidding?”

“Gatsby of the East, laugh to death.”

“Mortgage default insurance, ouch, my stomach hurts.”

“How does this person’s head grow, how can he have such outrageous thoughts?”

……

The Wall Street elite laughed and leaned back and forth breathlessly.

One of them asked with a worried face: “Could there be fraud in this?” ”

Fored’s expression was three points mocking, three points thin, and four points nonchalant.

“What fraud can mortgage default insurance have?”

“The real estate market is not going to collapse, we are already invincible.”

“Since Jiang wants to send us money, how can there be any reason not to accept it?”

Other high-level officials have complied.

“It’s just that the mortgage is very stable.”

Or did the man raise an objection.

“In fact, some of our subordinated bonds have indeed turned into bad debts.”

Fould was unimpressed.

“That’s a rare phenomenon, it’s not universal and it doesn’t tell the story.

Rest assured, it won’t make much of an impact. ”

He stood up, his hands propped up on the table, and his unquestioning gaze crossed the faces of each subordinate.

“Gentlemen, voting begins on the resolution on the establishment of mortgage default insurance!”

“I approve!”

“Seconded!”

“Seconded!”

……

So, Lehman Brothers introduced mortgage default insurance at Jiangliu’s request.

The river unknowingly made history.

In the ensuing period, Jiang Liu replicated his success with Lehman Brothers to other banks.

Of course, the more mortgage default loans, the better.

A bank’s monthly premium, a few million, a lot of millions.

10 million, twenty times, is only 200 million.

In the following period, Jiang Liu frantically bought mortgage default insurance at major banks.

It started well, but it soon ran into trouble.

The river hit a wall at Citibank.

Citibank rejected his offer to default on his mortgage contract.

Of course, Citibank’s reason for refusing is not because it perceives danger, but because of discrimination.

The president of Citibank is a white supremacist.

He directly rejected the river.

Citibank Headquarters, Office of the President.

The president of Citi looked impatient and sent me out to help me put the door on his face.

Hua Guo Yan roll!

You are simply a stain on my office here.

Inferior citizens of the third world, what qualifications do you have to talk to me about cooperation?

I don’t hesitate to earn your money.

Citibank’s title as the number one bank in the universe is not covered.

“Don’t you think about it?

Lehman, Morgan, Goldman Sachs and other banks have successively introduced mortgage default insurance. ”

Citi’s president is not smiling.

“They’re them, I’m me.

I’m not interested in mortgage default insurance.

Moreover, I myself especially do not like to do business with Chinese people. ”

This is already making no secret of its discrimination.

Pete on the side frowned.

This guy is also too much.

How to say that everyone is a decent person.

How can you speak like that?

Jiang Liu instantly became expressionless.

The anger in his heart was about to reach a critical point.

Jiang Liu is easy-going and easily not angry.

He has a kind of fatherly kindness.

Daddy forgave your little naughty 460.

But this time he couldn’t help it, he was angry!

The last time I was so angry was robbed of a dragon in the canyon.

Jiang Liu knew that discrimination was everywhere, but this was the first time such explicit discrimination had been made.

Usually, those capitalist celebrities who are concerned with the upper class generally do not easily show discrimination in front of people’s eyes.

But this guy doesn’t even care about the minimum decency.

I don’t like to do business with Chinese people.

You look down on us Chinese, don’t you?

Arrogant white-skinned pig!

I swear, I will make you pay for this sentence!

Jiang Liu got up and left, and Pete followed.

The president of Citi snorted coldly and called his assistant.

He pointed to the sofa where Jiang Liu had just sat and ordered, “Throw this sofa away.” ”

The assistant was puzzled.

“This sofa looks so good.”

The president of Citi looked serious.

“It’s not clean, throw it away immediately.”

In the elevator, Pete played round.

“Jiang, that guy’s concept is more radical, don’t take it to heart.

He does not speak for all Citi.

Citi is an open and free country. ”

Jiang Liu is now completely inaudible.

He was thinking about how to get his revenge back.

Damn, the man I opened can still be disgusted by you?

Jiang Liu is not the kind of person who forbears.

A gentleman takes revenge for ten years, shit!

Justice may be late, but it certainly will not be absent.

Is belated justice still called justice?

That’s fucking called the truth!

Lao Tzu did not have an overnight feud, and if there was a revenge, he had to repay it on the spot!

On the side, Pete suddenly felt a chill at the back of his neck.

Noticing that the atmosphere was not right, Pete quickly persuaded: “Jiang,.” ”

“Citibank is the strongest bank on Wall Street.

To be ranked first on Wall Street is undoubtedly the number one in the world.

Even we at Goldman Sachs have to give Citibank a little thin face. ”

The subtext is, even we at Goldman Sachs can’t afford to mess with Citibank, and you can’t afford to mess with it.

Pete is right.

Citibank is really smack.

Citibank has been established for more than 200 years.

Citibank’s history is the history of Wall Street.

Citibank’s life is almost Wall Street’s life.

This bank is a symbol of Wall Street and a symbol of Citination’s financial prowess.

But in Jiangliu’s view, Citibank is not invincible.

I would have had a headache at other times, but this is different.

Winter is coming, what are you doing with me?

When a crisis comes, you will be the first to suffer.

When your Citibank share price was at its lowest, it even fell below a dollar per share.

I was thinking about waiting for more funds to be returned before I made a move on you Citibank.

Now it seems that I have to shoot.

…