The subprime mortgage crisis in his previous life had far-reaching impact and was the worst economic crisis since the Great Depression in the United States. After it spread to the world, it caused an economic recession for a long time, and led to large-scale bankruptcy, unemployment, etc.

The main reasons for the subprime mortgage crisis are excessive innovation in financial instruments, distorted interests of credit rating institutions, and relaxed monetary policy supervision. Of course, it also has a lot to do with some companies on Wall Street doing their own death.

The credit rating and monetary policy in this era are indeed very loose. Just look at how much money the Han family has in the sea, you can tell that the US official supervision of this area is not strict.

Logically speaking, it is difficult for American companies to move overseas. After all, there are tax, employment and other problems. However, Han Xuan really easily moved the registered address of China Bank of China to the Maldives, and there are still many dark corners.

In addition, credit ratings are not very authoritative. They seem to be valuable to ordinary people. However, companies such as WOW and Destiny have suffered so much losses, but they still receive the highest rating from Standard & Poor's.

Currently, there are only three most authoritative professional credit rating agencies internationally recognized, namely American Standard-Poole Company, Moody's Investment Services, and Fitch International Credit Rating Co., Ltd.

Han Xuan would not tell people that they can actually spend money to buy ratings from them. It is unclear whether they can perform shady operations after the subprime mortgage crisis in the past life is over, but it can be done in this era.

When he first heard about this, he was stunned and suddenly realized that he was living in such a dangerous securities rating system. Maybe a company with good credit would suddenly have a risk of default.

It is not like this that goes from level A to +A, but allowing small-scale changes has become a hidden rule in top society. Only the vast majority of ordinary people are hidden in the dark and naively believe in the data they give...

I know that the entire credit system is based on a huge bubble, and I also know what a crazy situation the entire US real estate industry fell into after the prevalence of credit default swap business in previous lives.

Han Xuan was stupid and would get involved with Fuld. With a cautious attitude, he was willing to let Huamei Bank and Lehman Brothers start a new business, that is, to agree to purchase credit default swap insurance from Lehman Brothers, which means that if the customer can't pay back the money, Lehman Brothers will help bear the losses.

It is precisely because of this system that the banking industry dares to relax and handle mortgage procedures for customers with poor credit. Anyway, insurance companies are responsible for compensation, right?

On this last day of 1999, Mr. Fulder didn't know yet what dangerous step he took to push his future to a new height, and was also digging a hole to prepare to bury himself.

Han Xuan didn't care about these things. He has been trying his best to avoid the changes in the world due to himself. Since the day he came to this world, many chain reactions have occurred and no more major changes can occur.

After chatting with Fuld for more than half an hour, after he left happily, Han Xuan packed up his things and left Wall Street. Ramirez called him and said that the stage had been set up on Times Square and even the roads were temporarily closed. All the guests tonight would attend the rehearsal.

"You go and do your business first. I have rented the roof of the building near Times Square. I will definitely go to see your performance tonight, Han!"

Donald, who personally sent them downstairs, shouted loudly, and his daughter Ivanka also went downstairs.

Facing the father and daughter, smiling and waving, Han Xuan got into the car, Isabelle went to the airport to pick up Ramirez and Harris, and Secretary Dawson sat in the passenger seat.

When the car started, Secretary Dawson turned around and asked Han Xuan and said, "Boss, this is what I wrote down when I was talking to Mr. Fuld just now.

Because it is a new transaction, I don’t understand many things yet. See what went wrong.”

As a personal secretary, one of Secretary Dawson's responsibilities is to help Han Xuan convey his ideas to his employees. A little mistake can lead to huge mistakes, so he is very cautious.

Han Xuan took it and looked it up, returned the notebook to Secretary Dawson, and said nothing, "It doesn't matter, it's almost like that. When I have time, I will ask the executives of Huamei Bank to come and have a meeting with me. In addition, I will also call the supervisors of Star Investment, so you don't need to worry about it.

Your wife called me and didn’t plan to go home to check it out? Just spend Christmas Eve with me, but I can’t go home even if I don’t go home in the New Year. Her parents thought there was something wrong with your relationship.”

"She" refers to Dawson's wife Shen Yutong. Since giving birth to a child, she has been a full-time housewife. The child is too young. Dawson is so annoyed, so he ran back to Han Xuan to work. Of course, Shen Yutong has a lot of opinions on this.

"It's okay, I called her in the morning and would fly over to see me in the afternoon."

Secretary Dawson's expression was happy, he would miss him if he couldn't see him, and he would feel annoyed when he saw him. This is probably something that many new fathers who have just become fathers are troubled by, and continue to say:

“My daughter will stay at home. She is too young to go out yet.

I always feel that Angela is like me, and she came here to find me to avoid the tormenting little guy. She happened to have a fancy to a Fifth Avenue property online, so she planned to go over and take a look."

"That's good, why are you planning to do your own business?"

“No, invest.”

"Oh, it's not a good deal to buy a house on Fifth Avenue. Go to the Shanghai Stock Exchange in China. I'm right..."

For these people around him, Han Xuan was not hesitant to help plan investment advice and creating a billionaire easily.

I have been very busy recently, not only hoarding crude oil futures, but also tinkering with credit default swaps. These are big projects that others are difficult to touch. In the past week, the world's crude oil price has risen by 2.7 US dollars. Star Investment has used leverage to spend more than 60 billion US dollars and has made more than 5 billion US dollars in profits, which can be said to have been in the crude oil trading market.

The ordinary market is too shallow to accommodate Han Xuan's "crossing river dragon". Judging from the assets he currently holds, the only industries that can enjoy the fun are crude oil futures, currency, securities, and other industries, which can prevent those large amounts of funds from appearing abrupt.

The convoy slowly drove past Broadway Avenue, and the roadside still had the residual Christmas atmosphere. Christmas just passed and the New Year is coming again. The "2000" signs are everywhere, and people are celebrating the arrival of the new millennium.

When he received a call from Ramirez, Han Xuan asked him: "Have you arrived? Have you met with Isabelle?

Come to Times Square directly, I'll be there later."

“Wait, Han.

I just received a notice from the organizer that I hope we will sing another song, what should I do?"

...
Chapter completed!