Anne temporarily put aside her worries about Kim Hyun Tae, after all, his plan to monopolize the express delivery industry has not yet been launched, and it will take a while to start even if it is implemented, so before it involves the core interests of the Italian mafia, Kim Hyun Tae's father and daughter will not have any trouble at all, so Anne should focus on serious things instead of worrying about this useless matter now.

Therefore, after hearing the old butler's words, Anne put back her somewhat chaotic thoughts, and at the same time turned her head to look at her old butler.

In the crib next to him, the two little babies slept very sweetly, and one of the little ones even exhaled snot bubbles to the extreme.

"What about the results of the investigation?"

Since the old housekeeper said that the investigation on subordinated bonds has already reached a conclusion, of course Anne wants to ask, after all, she has a lot of subordinated bonds in her own hands, and if it is really like Kim Hyun-tae thinks that there will be a crisis, Anne does not want to suffer because of this.

Although she made a huge fortune of $1 trillion in Japan last year, this year she abandoned some European companies and invested in heavy industries such as port ships and shipbuilding and automobile manufacturing in the United States because she wanted to have children and adjust her business focus.

Otherwise, how could she have won more than 90% of the ports and terminals on the east and west coasts of the United States in such a short period of time, and successfully broke into the American heavy industry circle and became an upstart.

In addition to Anne's replacement of the business in Europe, she must also give a large amount of money to the other party, and finally to satisfy the other party and achieve her own goals, isn't it?

So after all that money has been spent, there is not much left until now.

God, that's a trillion dollars, not Zimbabwean dollars.

Of course, although the trillion bills are gone, Anne does not necessarily suffer.

Who let Anne control ninety percent of the ports and terminals in the United States, and she also has a large fleet and several large shipyards that manufacture several 10,000-ton ships a year.

And after abandoning the troublesome European companies and returning to the United States to build a core business outside of banking, Anne also expanded her investment in the heavy manufacturing sector, which greatly improved her position in the American industrial industry.

In particular, after the United States passed the Vietnam War, she won the right to issue U.S. Treasury bonds through George's connections, and she ate 60% of the Treasury bonds, so that her Wheatstone Bank could make a lot of money with 20% of the annual dry interest.

But even so, Anne didn't want to be on the subordinated bonds.

You know, she has a lot of subordinated bonds, almost as much as $100 billion.

The main reason why I bought subordinated bonds in the first place was because the interest return of this financial product was good, at least more stable than investing in other areas.

But now that I look at it, subordinated bonds are not really that stable, and there are huge hidden dangers in them.

Although losing money a few times will not make Anne break her bones, it is absolutely inevitable to become someone else's talking point or something.

When it comes to Anne's status, face needs to be valued and maintained.

So Anne didn't want to stumble on this matter.

If it weren't for the appearance of Kim Hyun Tae, this time and space Anne would have followed the original trajectory of her life, maybe she would have been out of this world a long time ago.

The Wheatstone Bank has long since fallen apart.

Where would it be like now, under the leadership of Anne, she turned her focus back to the United States, and with the support of sufficient capital, she became the king of female ships.

All these changes basically come from the influence of Kim Hyun-tae, a little butterfly, although this is not very clear, but Anne is very clear, that is, Kim Hyun-tae is the initiator of the 'Plaza Agreement'.

So how could someone with such a keen eye not make her Anne interested in the subprime bond crisis?

So she asked the old housekeeper to do some investigation, and the result was really said by Kim Hyun-tae.

Of course, even if you don't consider Kim Hyun-tae's keen intuition about finance, just because he is the father of her own children, Anne will take it into account.

"Miss, the hidden dangers and risks of subordinated bonds are very large, we were not very clear in the past, according to my investigation, in fact, Morgan # Morgan is aware of the risk problem, but they can ignore this problem, and continue to advocate this financial product, so that people think that this financial product is really like what they advocate, low risk and high return. ”

Old Nord spoke eloquently to Anne, while Anne seemed very quiet.

After sorting out his thoughts, the old housekeeper continued: "On the surface, there is no problem with the subordinated bonds, but in fact, the problems are all packaged and hidden, and ordinary people and even some professionals will not see those hidden dangers, if we had not conducted a special investigation, it would have been impossible to understand these hidden dangers."

Subordinated bonds sell credit, and the value of their products is also based on the protection of the credit system, and those who apply for loans to buy real estate, people believe that they will not default, and the insurance company also provides guarantees for this, so subordinated bonds will have value and become more attractive, but the question is what if there are more bad debts, that is, more people who are paying debts?"

As the family's core business is the bank, Anne is of course very aware of what kind of situation will be after the incident mentioned by the old housekeeper.

It's like a domino effect, it can have a big impact, and the impact can be very far-reaching.

First of all, the insurance industry, then the banks, and then the people who bought the subordinated bonds.

People who take out a loan to buy a property will be required to buy a mortgage insurance, and once the owner of the property maliciously defaults on the debt, or even simply gives up the property, then the value of the insurance will no longer exist.

And the subordinated bonds built on top of it will also become worthless garbage at the same time.

Then the person who buys the subordinated bond has no value in the subordinated bond in his hand.

What is even more terrifying is that in order to get rid of the huge insurance expenses, the capitalists of the insurance companies will even resort to bankruptcy to solve this trouble.

At that time, Kim Hyun-tae's 'subprime debt swap agreement' will become a real thing to make a lot of money.

Quite simply, the 'subprime bond swap agreement' purchased with one-tenth of the value of the subprime debt will appreciate to the value of the peak of the subprime debt at that time, and because he is very shrewd in this business with the bank, and has no relationship with the insurance company, the bank must fulfill its own contract according to the agreement, which will make Kim Hyun Tae make a lot of money.

Think about it, the $70 billion investment of Kim Hyun-tae's father and daughter will multiply more than ten times at once, what kind of concept is that.

Of course, if the subprime crisis breaks out, the banks will definitely lose money.

After all, bad debts will increase, at most they are better than insurance companies, they can forcibly recover the bad debts' properties, but the value of the property will fall a lot, so it is better than the insurance company.

"Talking about the investigation in detail, I need to know about this. ”

Thinking of this, Anne's expression became much more serious.

The old butler Nord nodded, picked up the document in his hand and began to read: " Mary, 32 years old, profession is a dancer in a topless club, education is elementary school, white, single mother, has two children, lives in Detroit, work characteristics and her living situation, it is destined to be very troublesome if she takes out a loan, but she can easily obtain the mortgage business with the help of real estate agents, and obtain the mortgage approval, but according to the information our investigators, she has not repaid the mortgage for half a year, and her mortgage has also been added to the subprime debt product, and the rating is excellent. ”

"Krullner, male, 48 years old, unemployed, homeless, addict, he also applied for a mortgage and was approved, but this guy does not have a property, all the procedures for his loan are forged, as an applicant, he only got a benefit fee of 3,000 US dollars, and the 250,000 mortgage he applied for fell into the pockets of real estate agents, bank clerks and insurance companies, and his loan was also added to the subprime debt product, and the rating is still good. ”

Listening to the contents of the old butler Nord's readership survey results document, Anne's expression gradually became more and more ugly.

Seriously, the content of this survey results sounds a bit sensational.

Looking at this matter from another angle, it is not an exaggeration to even use some unscrupulous guys to unite and deceive the public.

The old housekeeper Nord only said two investigations, but any of them were not eligible to apply for a mortgage, but in the investigation, they not only successfully passed the application and got the loan, but their mortgage was also added to the subprime debt product and sold to investors.

Isn't it clear to Morgan that this is boring?

No!

Anne thinks that the Morgan management must be clear, and the reason why they don't say anything is that they are not actually planning to transfer the risk.

As for the transfer to?

Of course, it's the poor investors who have been deceived by them.

But if that's the case, why did Citibank design the financial product that Kim Hyun-tae made for him separately, that is, the 'subprime debt swap agreement'?

Perhaps, the people at Citibank don't know about this, right?

After thinking about it, Anne could only think of such an explanation in the end, after all, those guys at Citibank are not financial philanthropists who will give away their money.

But in any case, the results of the investigation show that Kim Hyun Tae will definitely make money.

And Anne also felt that she should do something to prepare for a rainy day, that is, to get rid of the 100 billion US dollars of subprime debt in her hand as soon as possible, and save yourself from going into the pit when the time comes. (To be continued.) )