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

Jiang Liu decisively refused, but because of the face of his friends, he put it mildly.

“Brother Pony, I have received your wishes, but I can’t ask for money.

We signed the agreement in black and white, and the money has to be repaid. ”

Ma Yun heard the meaning of rejection in the words, and he was anxious~.

“Don’t mind, multiple people have multiple powers—aren’t they?”

“No thanks, tell you the truth, – I’m not short of money right now.

You also know I made three billion dollars shorting Citibank.

I don’t have to worry about funding anytime soon.

Also, as a friend, I give you a piece of advice, it is too late to short a subprime mortgage.

The Citigroup side has already entered a large number of bears.

Going short requires both buyers and sellers.

This is a trade that you want to make.

In the case of Citibank, the short side earns the money of the long side.

No one in Citi is stupid enough to continue doing multi-grade bonds.

Even if you give me the money, I can’t take you to operate.

Because it’s already night, you know? ”

Jiang Liu thought that it was only now that it was a few months before you reacted.

Didn’t you see me running to Citi before the end of the year?

In fact, Jiang Liu’s words are not entirely correct.

After all, the subprime mortgage crisis has not yet caused a full turmoil, and a considerable number of people are still holding on.

They believe they can still hold out until the Citibank cuts interest rates and house prices pick up.

There are quite a few such people.

There is never a shortage of desperate guys in the world.

It is still possible to go short, but the profit will be a little lower.

In his mind, he recalled what happened when he went to borrow money from the fox last year.

The eyes of the group of Tanuki executives made him extremely unhappy.

This confirmed Jiang Liu’s attitude.

Pull down, bye bye!

After the call, Ma Yun sighed deeply.

“Hey, what a mistake!”

“I saw it away, if only I had made a request for capital a few years ago.”

Jiang Liu hung up the phone, freshened up and went to run on the treadmill for half an hour.

At breakfast, it happened to make him cry and laugh.

He received another call from Ma Shuteng, and his routine was the same as Ma Yun.

How else do you all have the surname Ma?

I thought of going together.

Jiang Liu also refused.

Compared with Ma Tuteng, Jiang Liu has a better relationship with Ma Yun.

Even Ma Yun didn’t think about it, let alone Ma Tuteng.

After breakfast, Jiangliu went to Yuanliu Capital.

Since the thunderstorm at Citibank, Yuanliu Capital employees have been smiling every day during this time.

The company atmosphere is too good to be presentable.

When the river arrived at the company, Pete was chatting hotly with the company’s employees.

During this time, Pitt ran the source of capital more diligently than Goldman Sachs.

Watching the project make crazy money every day, Pete was greatly satisfied in his heart.

“Jiang, your two funds combined have brought in almost five billion dollars in profits.

God, I almost fainted when I just confirmed it. ”

Pete’s tone was full of amazement.

“I knew it would be very profitable to go short, but I didn’t expect it to be so profitable.”

Jiang Liu quipped: “Yo he, you work so actively, it makes me a little uncomfortable.”

After this period of contact, Pete fully adapted to the mode of getting along with the river.

“Jiang, I came with a mission.

You know, I’m a Goldman Sachs director, and there are some things I have to do under them. ”

In Pitt’s mind, he has little interest in the Goldman Sachs directorship.

He is now thinking about the river.

There is a way to mix with Jiang!

I’ve been at Goldman Sachs for almost three decades, and I’m still just a director with no real power.

It is better to switch to Jiangmen, his subordinates are all Chinese, and they are not satisfied on Wall Street.

He needs a character like me to saddle up before and after.

Jiang Liu can probably guess a little Goldman Sachs.

When the subprime mortgage crisis broke out, Goldman Sachs is not expected to have a good time, right?

“If it’s a white flag, there’s no need to talk nonsense.

What is going on at Goldman Sachs now? ”

Pete said frankly: “It’s not as serious as Citibank, but life is not good.”

Shares of two mortgage giants, Freddie Mac and Fannie Mae, continued to fall.

We at Goldman Sachs have suffered large losses because we hold a large number of two-house bonds.

A large number of bond assets have shrunk, of which nearly 100 billion assets have become non-performing assets.

While the top has been stressing to the outside world that everything is under control, it seems to me that Goldman Sachs has exhausted.

If the government does not actively bail out the market, Goldman Sachs will have a hard time surviving. ”

Jiang Liu smiled.

“Don’t you Citi always boast about the power of the market economy?

You have always emphasized that big markets and small government should not be overly involved in the economy.

It’s ironic that the government is actually needed to bail out the market now. ”

Pete was slightly embarrassed.

“It turns out that government intervention is still necessary.”

“Let’s be blunt, what does Goldman Sachs mean?”

“They want you to stop paying insurance and liquidate CDS (mortgage default insurance).”

Banks know best about the housing market.

No matter how tough they are to the outside world, but their own hearts are like mirrors, the real estate market is about to collapse.

The bank remembered the mortgage default insurance that Jiang Liu had paid earlier.

That’s when the bank reacted.

Damn, hit the mark!

CDS (mortgage default insurance) is clearly a trap set by Jiang in advance.

Just waiting for us to step on, now what?

You know, Jiang Liu was the first to propose CDS (mortgage default insurance).

He pioneered this thing.

So his rating is very low.

A low rating means that the bank has to pay a lot of compensation to Jiangliu.

Take Goldman Sachs, for example.

Jiang Liu, as a short, paid $10 million a month to Goldman Sachs.

If the housing market does collapse, then Goldman Sachs will have to pay Jiangliu twenty times the premium.

Jiangliu has paid two months’ premiums so far.

That’s 400 million, 200 million a month.

If Jiang Liu and continue to hand it over, it will add up to a considerable amount.

You know, he didn’t buy CDS (mortgage default insurance) at more than one bank.

In other words, Goldman Sachs definitely does not care, but it has to be guarded against in extraordinary times.

So they want to settle CDS with the river.

This is also a bow in disguise.

“What about the cost?

How does Goldman Sachs compensate me?

It’s impossible to let me generate electricity with love, right?

I want real benefits, the kind that can be seen and touched. ”

“Half a billion compensation, plus Goldman Sachs friendship.”

Jiang Liu scoffed at this statement.

“Less come with me to this set, Goldman Sachs himself is too busy to talk about friendship.”

I just want money, dollar, and Wall Street only believes in dollar.

Who wants to deal with you without money? ”

Pete completely incarnated as Erwuzai and helped Jiang Liukeng his old club.

“Five hundred million is not Goldman’s bottom line, you can raise the price.”

Jiang Liu thought about it.

At the beginning of next month, the housing market collapsed, which means that I can pay another month’s premiums.

At that time, it will be settled according to the three-month premium.

Thirty million multiplied by 20 is 600 million, which means I can make 600 million from Goldman Sachs.

Now that Goldman Sachs has become a frightened bird, I can drive higher and pit them in waves.

Anyway, the pit is the money of the Citinationals.

As long as it is the money of the people of Citi Country, the subjective initiative of the river is suddenly mobilized.

Eight hundred million, I won’t consider a dime less.

But when the words came to his lips, Jiang Liu held back.

He intends to test Pete for a wave.

Is your boy with me? (Read violent novels, just go to Feilu Fiction Network!) ）

Jiang Liu tentatively asked, “How much do you think I should mention?” ”

Without saying a word, Pete directly sold Goldman Sachs.

Goldman Sachs sent him to negotiate with Jiang Liu was a complete mistake.

He has now completely turned into the horse boy of the river.

“Billion, that’s Goldman Sachs’ bottom line.

They are far more alarmed than the outside world seems.

Fears of a housing crash have weighed heavily on Goldman Sachs’ top management’s judgment. ”

A billion, Jiang Liu raised his eyebrows.

Yo he, you’re harder than me.

I thought 800 million was the limit, but I didn’t expect you to have a bigger appetite than me.

“OK, that’s a billion.”

“Jiang, just wait for my good news.”

Pete happily went back to Goldman Sachs to ask for money.

Seeing his joyful appearance, Jiang Liu couldn’t help muttering: “How do I feel that you are more excited than me.” ”

How exactly Pete talked with Goldman Sachs, the river is unknown, anyway, Goldman Sachs gave the money very sharply.

In fact, according to the time of the total collapse of the housing market at the beginning of next month, Goldman Sachs only needs to give 600 million.

There is absolutely no need to waste an additional 400 million.

But who scared them?

Jiang Liu is very happy about this, hehe, he made an extra 400 million US dollars.

I love Wall Street!

Shorting Citibank’s three billion, plus Goldman Sachs’ billion, Jiangliu’s cash flow is once again abundant.

Now a question is in front of the river, how to spend it when you have money?

Subprime bonds are certainly not something to consider.

That thing has fallen out of shape, and it makes no sense to go long or short.

Anyway, three billion dollars have been invested in shorting subordinated bonds, so there is no need to throw money into them.

Now just wait for the day when the housing market crashes with a snakeskin bag.

Jiang Liu set his sights on the financial crisis that followed the subprime mortgage crisis.

The crisis in Citi is actually divided into three phases.

Real estate is afraid of the subprime mortgage crisis caused by the bursting of the bubble, to the financial crisis, and then to the economic crisis.

After the outbreak of the subprime mortgage crisis, financial institutions were quickly detonated.

Countless financial institutions went bankrupt.

One of the most representative is the bankruptcy of Lehman Brothers, one of the five largest investment banks on Wall Street.

The bankruptcy of Lehman Brothers was a shock to Citi.

None of Wall Street’s top five investment banks escaped bankruptcy.

Since the outbreak of the subprime mortgage crisis, there have been quite a few people who believe that Lehman Brothers can survive the crisis.

This is a good short opportunity.

Button Auction House auction venue.

“Jiang, Jiang, are you listening?”

Paulson’s voice woke the river up like a dream.

“Oooh, what, what do you say?”

“I said wait a minute, introduce a friend to you.”

Jiang Liu was thinking about the Lehman brothers, and he was a little absent-minded.

He didn’t pay much attention to Paulson’s friends.

“The auction items at this auction are much richer than ever.”

“It seems that there are not a few guys who have gone bankrupt during this time.”

“Jiang, don’t you want to buy something to play with?”

“These things don’t appeal to me.”

Paulson smiled.

“Money and beauty are more appetizing to you.”

Jiang Liu looked sideways, as if he was really hit by you.

“Isn’t it a little cheesy?”

“No, I think it’s very elegant.”

After the auction, there was a grand cocktail party.

Jiang Liu asked nonchalantly, “You said you wanted to introduce a friend to me, what about people?” ”

“She’ll be there soon, and trust me, you’ll definitely be interested in this friend.”

Jiang Liu keenly captured her word.

“Is it a lady?

Who is it? ”

He was in spirit.

“Of course, the surprise will not be revealed until the end.”

I have to say that Paulson hung Jiangliu’s appetite at this moment.

“Cheers!”

“Jiang, you took me to short Citibank and made 2.5 billion, thank you.

In the future, as long as I can help, I will not shirk. ”

Paulson’s words also represent the attitude of the group of capital behind him.

This means that Jiang Liu has a group of allies in Citi.

Although their strength is not too strong now, it will not be long before these people will grow like wild grasses in spring.

“I love doing business with smart people like you.”

“Jiang, thank you for how to say it in Mandarin?”

Jiang Liu instantly became a Chinese ambassador.

He said seriously: “In our country, men who express their gratitude generally tell each other, I want to ask you to wash your feet. ”

Paulson was a good student, and he immediately drew inferences.

“What if you thank each other very much?”

“Then add a suffix.

I would like to ask you to wash your feet, the kind that adds a bell. ”

Paulson practiced repeatedly, and said to Jiang Liu after practicing his mouth a little: “Jiang, I want to ask you to wash your feet, the kind with a bell.” ”

The river looked brilliant.

“You’re welcome.”

“Jiang, you and I have both gained a lot of cash flow by shorting Citibank.

What’s next for you? ”

Jiang Liu asked rhetorically: “What do you think of the next situation?” ”

Paulson pondered for a moment and sorted out his thoughts.

“The housing market collapsed, the bubble in financial derivatives burst.

The subprime mortgage crisis, in turn, triggered the financial crisis.

Once the financing environment is affected, it will harm the real economy.

Finance, as the core of the economy, plays a decisive role in production.

If banks fail and there is no money, there are no loans to enterprises to maintain production.

So I predict that after the subprime mortgage crisis, a large number of companies will definitely go bankrupt.

This is our chance.

Many of these excellent companies have great investment potential.

We can take this opportunity to buy shares at a low price.

In your words, it’s time to go out on the streets and collect assets. ”

Jiang Liu nodded.

Citibank is still surviving, aren’t there four left? ”

Paulson frowned: “With the experience of Citibank, it is not very profitable to short the remaining banks, right?”

After all, hedge funds are not fools. ”

In the end, he still doesn’t know if the financial crisis can bring down all five major investment banks.

However, the real situation is that the five major investment banks have all disappeared and disappeared from the historical stage.

Goldman Sachs and Morgan Stanley turned into bank holding companies.

“Not necessarily.”

“What do you mean?”

Jiang Liu did not answer this question.

“I’m ready to short Lehman Brothers, believe me and do it with me.”

Paulson was lost in thought.

…