Society owes me a brother

The Locke family is used to holding family gatherings every weekend, and at the family gatherings, in addition to the mandatory participation of family members, the Locke family will also invite some family friends, business partners, and promising up-and-comers to attend together.The former is to consolidate contacts, and the latter is naturally to promote newcomers.

In fact, not only the Locke family, but almost every successful person who has made achievements in their professional fields is used to holding parties from time to time to maintain contacts and highlight their status. This is also a social method that the upper class of the country must accept.

Because of this, even if Lu Chi doesn't like it very much, he will often be invited to various parties.And his status has also risen from a rookie who needs to be supported to a very heavyweight VIP in just a few years.Today, as long as Lu Chi's figure appears in the public area, it will definitely attract the attention and attention of all guests.

"My dear Lu!" Wearing an elegant three-piece black suit, holding a pocket watch with pure gold inlaid patterns on his chest, holding a black cane, and welcoming the old Locke patriarch with an extremely delicate beard to the door in person, He opened his arms to give Lu Chi a warm hug, and said in a warm greeting: "Congratulations, the game "Stamp Collecting Star" is as eye-catching as your major shareholder's performance in the financial market."

"The way to obtain bodyguards and dogs is too difficult. Can't you open a cash channel and let everyone solve the problem in an easier way?" The capital tycoon worth hundreds of billions of dollars tried to solve the problem with money. And he said with certainty: "Some people exchange time for money, and some people exchange money for time, but our ultimate goal is the same. Dear Lu, you cannot discriminate against the existence of capital."

Lu Chi couldn't help laughing, stretched out his hand and patted Old Locke on the back, and said with a warm smile: "You know, I never discriminate against capital, but I believe that there are a lot of fun in this world, which cannot be bought with money."

"For example, set the alarm clock at 03:30 in the middle of the night and get up to collect stars?" Luis Rodriguez, the owner of the K Fund, said with a smile: "Believe me, I didn't even work so hard when I was in college."

"However, you still failed to reach level [-] in a week." The patriarch of the Smith family, Roll Smith, walked forward with a glass of wine, and joked with a smile: "When we have all exchanged for the security of the basketball stadium, , you are still working hard to accumulate love fans for raising a dog."

"But my dog ​​also managed to bite you who wanted to steal someone from my basketball court!" Luis Rodriguez confronted unceremoniously: "Twice."

"It's only two times." Roll Smith shrugged his shoulders and turned to look at Lu Chi: "Congratulations, you have created another miracle."

After a pause, Roll Smith frowned, and said slightly distressed: "It would be better if Miracle's loving fans are not so rare."

Lu Chi smiled slightly and was about to speak when the old patriarch Locke said with a smile: "This kind of thinking is not right. If miracles are so easy to obtain, can they still be called miracles?"

"Abel's words are very reasonable." Luis Rodriguez patted Roll Smith on the shoulder, and said with a smile: "Being able to witness a miracle is a satisfying thing in itself. Don't be so greedy."

"Grow stars obediently and wait for us to steal them!"

"Speaking of which, old Luo Er should be the lowest among us, right?"

Facing the jokes from all his old friends, the head of the Smith family could only helplessly beg for mercy, and abruptly changed the subject: "Speaking of which, I raised it at the isda meeting before about the issue of 'allowing assets-based What are your thoughts on the proposal to enter the secondary market for credit default swap contracts for derivative products such as mortgage bonds and CDOs?"

Seeing that Patriarch Smith brought up a serious matter, all the bigwigs stopped joking and said seriously: "The matter you mentioned is a bit risky, and we are considering it."

"Although the risks are great, the benefits are even greater, aren't they?" The patriarch Smith actively promoted: "You must know that if these subprime loans can be packaged into A-grade securities and financial derivatives and marketed, then we can definitely get hundreds of dollars. Thousands of times the profit, as for the risk, we can completely transfer the risk to banks and insurance companies..." and tens of thousands of retail investors.

Roll Smith turned his head to look at Lu Chi, trying to get Lu Chi's approval: "Dear Lu, your financial talent and mathematical reasoning are unparalleled. Come and tell everyone that this is definitely a good business with huge profits."

"What?" Lu Chi shook his wine glass in a daze.Recently, most of his energy has been focused on game programming, website maintenance and the upcoming domestic industrial investment of Leap Deer Fund.Did not pay attention to isda's movements.

The old Locke patriarch said with a smile: "Old Roll put forward a proposal at the regular meeting, wanting to let ISDA allow lending institutions in the country to provide a type of housing mortgage to borrowers with poor credit and low income in the secondary market. loan."

"Providing housing mortgage loans in the form of financial derivatives or securities to people who have not obtained loan qualifications in banks?" Lu Zhi quickly responded: "Since these people have not passed the bank's loan qualifications, it means that the bank recognizes these customers There is no ability to repay the housing loan, right? If financial institutions grant loans to them in the secondary market, wouldn't it be a big risk?

"So the interest rate of the subprime loans we issue in the secondary market will be a little higher than that of bank loans." Roll Smith used two fingers to measure the gap of a smile, and said with a smile: "Of course, this must be It is a matter of mutual benefit. After all, the real estate market in China is so hot now, even if they do not have enough money to repay the loan, as long as the subprime loans they purchase can gain benefits through the appreciation of the real estate, their repayment ability is indirectly guaranteed. It’s a win-win situation, and no one will suffer.”

"Then the real estate market in China must be so hot all the time?" Lu Chi reacted almost as soon as he heard "subprime loans".He knew what Roll Smith wanted to do, and he was more keenly aware of the risks involved.

Lu Chi pointed out unceremoniously: "The subprime loans you mentioned must be based on the rapid growth of housing prices. Indeed, in the past five years, the average annual increase in housing prices in China has been 10% to 20%. However, we cannot guarantee that housing prices will continue to rise. Once the upward trend of housing prices slows down or falls directly, the bonds packaged by these subprime loans will have a very high possibility of causing stock prices to fall. Under the high loan interest rate, those customers who do not have a stable income will not be able to repay the loan at all. At that time, not only will they not be able to buy a house through subprime loans, but they will not even be able to guarantee their original daily income.”

And once this happens, the more subprime loans circulating in the secondary market are sold, the more customers will be damaged and the wider the scope will be affected.Lu Chi can even imagine that the Internet bubble that exploded around the world is likely to evolve into a real estate bubble again.

Roll Smith shrugged his shoulders: "It is undeniable that what you said may happen, but it is more likely that the housing market will become more hot because of this. After all, more and more people want to buy houses in China. They get houses , we make money. This is just what we need.”

"What just needed?" Eric Weiss, who came a little late because of a little incident, just heard Roll Smith's last sentence, and couldn't help laughing: "Everyone looks very serious, maybe I'm not in Locke right now. Manor, is this Washington DC?"

Everyone smiled when they heard the words, and Luis Rodriguez said with a smile: "Not really. Everyone is just discussing a little thing."

Then, he briefly summarized the previous situation that Roll Smith wanted to launch subprime loans in the secondary market, but Lu Chi strongly opposed it.

"It's a genius idea at the level of a nuclear explosion." Eric Weiss sincerely admired it, and did not forget to echo Lu Zhi's point of view: "Of course, in the financial market, risks and benefits are always directly proportional."

"All in all, I'm not interested in this matter." Lu Chi drank the red wine in his glass and expressed his attitude concisely: "If you insist on doing this, I think I can start preparing to short the country's real estate market."

With that said, Lu Chi still did not forget to extend an invitation to everyone: "Anyone who is interested can come with me."

All the bigwigs were silent for a while.Eric Weiss shook his wine glass thoughtfully, and said very greedily: "Maybe we can launch subprime loans first, and then short the national housing market."

Before the words were finished, all the bosses looked over in unison, the contempt and inconceivable emotions in their eyes were simply impossible to ignore.

"Why are you looking at me like that?" Eric Weiss shrugged his shoulders innocently, and said with a clear attitude: "I believe in the huge benefits that subprime loans can bring, and I also believe in Lu's genius judgment. I have always It is so open to speak out, accepting advice like a stream."

After finishing speaking, Eric Weiss did not forget to turn his head to get Lu Chi's affirmation: "These two idioms are right?"

Lu Chi gave Eric Weiss a thumbs up in a particularly speechless manner, as a compliment to the other party's increasingly rich vocabulary of Chinese idioms.However, he still couldn't accept Eric Weiss's work style... e didn't know how to describe it precisely.

Anyway, the principle of capital chasing profit is completely reflected in him.

"While lobbying clients to buy subprime loans, at the same time secretly wanting to short the housing market. Haven't you considered the professional ethics that stockbrokers should have? Doesn't your conscience hurt?"

"Isn't the professional ethics of a stockbroker to make money for the company as much as possible?" Eric Weiss scratched his chin and said seriously: "As for those customers who want to buy houses through subprime loans. No matter what the reason is , perhaps they should have understood that proverb better—"

"The stock market is risky, you need to be cautious when investing!"

Lu Chi couldn't help but rolled his eyes, he couldn't say anything.