Wall Street Legend

Among so many short orders, Ye Dongqing’s Tamsui Investment Group and hedge fund department are the main forces.

They started preparing yesterday. When Ye Dongqing, the boss, was preparing to be the savior of the world economy, they borrowed as many stocks as possible from the three major credit rating companies and sold them for cash, waiting for panic in the market.

If it were other things, such as insider trading, tax evasion, etc., it would be fine to just turn a blind eye. But this time some people are taking things a bit too far, such as several credit rating companies that are willing to destroy their reputations in order to make money. For example, subprime lending institutions that fell into the eyes of money.

Could it be that except Ye Dongqing, no one here really sees the potential risks?

Of course not. For example, commercial banks that provide subprime housing loans do not wait foolishly for users to repay their loans over a long period of time. Instead, they choose to package these subprime loan contracts and ask credit rating agencies to give them high ratings. By reselling it to other investors, you can transfer the risk and at the same time make a profit and feel safe.

Because there is no shortage of people to take over, these financial institutions that provide subprime loan business no longer strictly review the qualifications of borrowers as before. Even street girls with extremely unstable incomes can buy a few houses in New York. Such subprime loan contracts were also marked with high ratings and were bought by other institutions. They were growing like cancer and had reached a level that Ye Dongqing felt was quite dangerous. The scale was worth trillions of dollars.

If, like in previous lives, an economic crisis finally brews, the culprits will still be the rich, but ordinary middle-class people may lose everything. This makes Ye Dongqing think it is necessary to help them, and also help the world economy, which has finally recovered. , with different status, his perspective on the problem has become different. Before, he would have been too lazy to care about such bad things.

…

New York.

Per capita GDP is about to exceed 100,000 US dollars. One-tenth of the world's top 500 companies are headquartered here, and one-third of the top 500 companies in the United States have their headquarters in Manhattan.

Nearly 6,000 high-rise buildings and cars crowding the streets together create a bright night scene of the metropolis.

Ye Dongqing was born here and has long been accustomed to all this. At this moment, she was sitting in the car and leaving the door of the Waldorf Astoria Hotel.

He had finished what he wanted to say, and there was no point in staying any longer. Before leaving, he asked someone to send a message to the old Jew who spent half a million dollars. He only had a simple "Yes", which was regarded as a sign of gratitude to the Nasdaq Internet. The next trend of the sector is affirmed and answers the questions raised by the other party before.

Before going home, I turned around and went to a burger restaurant. I ate there once before and liked it a lot. It closed down in 2016, but it’s still there now. I’ve seen a lot of dead people “resurrected” and a lot of changes in the world. More than two years have passed. , he knew how to deal with this feeling of disconnection between memory and reality. He packed up more than ten burgers and distributed them to the bodyguards. He ate them in the store before continuing on the road.

If it was last year, he might occasionally live in Puchuan Building, but now that he has a baby at home, he can't help but worry when he can't see him...

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If you choose to go to the center of the public opinion storm, you will definitely be in trouble.

If you just talk about it at the seminar without further follow-up, it will most likely turn the big issue into a trivial matter. There are so many vested interests in the subprime mortgage industry chain, and their strength is not weak when they are twisted into a rope.

Since Ye Dongqing decided to disclose this kind of news, of course he had already thought of a backup plan. When he made his remarks, there were people from several media outlets, including the Wall Street Journal, the New York Times, and the Los Angeles Times. Those who have a good relationship with him will most likely break out when big news like this happens.

It doesn't matter even if they encounter resistance, because a bodyguard has already recorded the video and it was uploaded to Youtube that night, and they contacted people from several TV stations to follow up, so they will not be wiped out.

The follow-up matters have been thought out. Ye Dongqing is shorting these credit rating agencies. While trying to make money, he can also create an image that he is only doing it to make money. Although it is easy to make people hate him, at least it will not be more serious than deliberately causing trouble. The only reason they are so hateful is because they are so evil-hearted and have their tails caught.

The scandal was developing rapidly. On the same day, many well-known editors called to inquire about the specific situation, gave replies one by one, and conveyed their attitudes. When the newspaper was delivered to people early the next morning, it instantly caused a stir on Wall Street. sensation!

Subprime mortgage assets are held by the vast majority of Wall Street firms. Only a small part of them know about the rating water injection. They now feel like they are holding some time bomb.

If the market hadn't happened to be closed on Saturday, today's subprime mortgage market would have been a mess, and several credit rating agencies would have suffered as well.

Storm is coming.

Ye Dongqing opened a corner of the curtain, but on Saturday he was like an outsider. He got up on time at seven o'clock, and then had breakfast after exercising. He read the newspaper while eating, with his laptop at hand, and talked with Jack. Ma discussed Taobao's development through a video chat program.

Probably because he heard the news that Tencent would be listed on Nasdaq this year, Jack Ma was a little anxious and asked about the specific process and possibility of listing on Nasdaq.

The reason why Tencent went public so early was mainly to force MIH Group to cash out its profits and then take the opportunity to expand its shareholding. He would not tell others about this small calculation. He just said that he would wait for the time being. The top priority was to continue to expand market share. In fact, Almost all of these shares belong to Taobao. There are not many decent competitors, and they are almost being wiped out.

Tencent's current e-commerce business has just started. It has built its first logistics warehouse in Pengcheng, and it will take two months to officially put it into use.

After chatting with each other, Ye Dongqing was almost full. He went upstairs and walked around with the child who had just taken a bath. After teasing him, he went for a horseback ride and enjoyed the rare comfortable weather. It had just snowed a few days ago. Today The temperature has risen and will probably drop again, so it’s better to take the opportunity to enjoy it before spring really comes.

The calls came one after another, and most of them were asking about subprime mortgages. No one paid attention to the life and death of the credit rating company. What really affected their interests was the subprime mortgage contract in their hands. They originally thought it was a high-yield and safe asset that could flow slowly, but they suddenly discovered that There are huge hidden risks, and it would be strange not to worry.

Feeling annoyed by too many replies, I casually removed the batteries from my phone and put them back into my down jacket pocket, thinking about whether I should go to a warm island to spend some time relaxing and comfortable.

At the end of last year, I was thinking about my children and had no intention of traveling during the Christmas holiday...