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Chapter 1805 The crisis broke out! (Part 2)

"Mr. President, after analysis by my experts, I believe that the problem is the subprime loans that are popular in the real estate market in M.?                                                                                                                                                                                                                                             �

Many economists have raised their concerns about this situation before, but they have not received enough attention from us. The bill you have been committed to raising loan interest rates and suppressing housing prices not long ago seems to be seeking benefits for the people of M country, but in fact it has become the fuse of this subprime mortgage crisis. Because housing prices have fallen, those who originally had poor repayment ability have caused a sharp shrinkage of assets due to the plummeting housing prices. Many people became negative assets overnight and they were unable to repay them anymore.

When repaying the mortgage loan, the bank generated a large number of dead debts and bad debts. The houses used for mortgage loans were depreciated, so that even if the banks took them back, they could not make up for the losses caused by bad debts. Such a situation, the general life brought a fatal blow to the bank! Subprime loans that could have brought huge profits to the bank became ropes strangling the bank's neck. As the subprime mortgage crisis continued to develop, we believe that this was just the beginning, and the more terrible consequences were still to come!

The Minister of Finance's detailed explanation made Harding look as if he was dead. He murmured: "In other words, was it because I caused this subprime mortgage crisis? Shouldn't I suppress the high housing prices?"

The Minister of Finance shook his head and said, "This cannot be taken away by monsters! Even without your series of policies to suppress housing prices, this subprime mortgage crisis will explode sooner or later, just sooner or later. Since the bubble has been formed, it will definitely burst one day. Strictly speaking, breaking the bubble early is less harmful than letting it burst itself.

"Oh my God, how did it become like this? What should we do next?" Harding's head was completely confused, and his eyes were full of panic.

The Finance Minister said: "Now my people are trying to figure out a way.

"Then let them think quickly! I don't want my people to rush in and tear me apart!" Harding roared angrily.

The Minister of Finance nodded, turned around and walked out. Harding sat on the chair, his face covered with grayish whiteness!

Levins suddenly punched the table with a heavy punch, and yelled with gritted teeth: "Damn it, we have been fooled by Chinese people!

"What?" Harding looked up at Levins in confusion.

Levins said with great resentment: "Now I finally know why the Chinese are so enthusiastic about suppressing the housing prices in M ​​Country. It turns out that they have seen this subprime mortgage crisis for a long time, so they borrowed our hands to detonate it and then they could make a profit from it! Damn, these Chinese are simply devils!

"Levins, do you say these are all conspiracies of Chinese people? You are not joking, are you?" Harding asked in a daze with a look of shock.

"Harding, why don't you understand? Think about what I told you a few days ago, a large amount of funds from China poured into our stock market. Is this just a coincidence? Absolutely not! Our stock index has plummeted by hundreds of points. Conservatively estimated that all Chinese capital has swept away trillions of dollars in our M-China stock market! Moreover, the M-China stock index is still plummeting. Now, tens of millions of dollars are flowing from the pockets of our M-China people into the pockets of their Chinese people! Damn, it's really hateful!" Levins claimed to be smart, but did not see through this plan, which made him very annoyed and wanted to be crazy!

"So, Hong Tao, Gao Yuanyuan and the others didn't want to support me at all, but just wanted to deceive me through the bill to suppress housing prices and lure the subprime mortgage crisis in M ​​country, and then they could make a lot of money from it?" Harding understood, looked at Levins blankly, and murmured.

Levins said with tears in his eyes: "Apart from this, can there be any other explanation make sense? Harding, this time we were really asked by the Chinese!" "God, what did we do wrong? He wants to send the Chinese to torture us!" Harding hugged his head with both hands, and fell on the chair with pain and annoyance.

"No! I want to argue with the Chinese people clearly!" Levins was a little confused.

Harding shook his head bitterly and said, "It's useless, the Chinese will not admit that it is related to this matter! When we go to them, we can only make it boring!

"What should I do? Are you just watching the Chinese want us?" Levins roared.

Harding gritted his teeth and said, "Of course not! This matter is absolutely impossible to just let it go! However, now is not the time to settle accounts with Chinese people. The most urgent thing is to quickly think of Xiku to solve this subprime mortgage crisis! Levins, you are the smartest. You should think of a solution. What should we do?"

Levins waved his hand and said breathlessly: "Don't ask me, now my mind is completely confused, I can't think of any solution at all! Let the experts under the Secretary of Finance think about it!

"How can that work? We don't have much time left. The election is imminent. If this crisis cannot be resolved, it will endanger my support among the people!" Harding said anxiously.

Levins punched his head a few times with his fist, forcing himself to calm down, and murmured, "Okay, I'll calm down, I'll calm down, think about what to do."

Harding knew that Levins could not have a solution at once, and did not quarrel at him, so he made him think quietly by himself, and he fell into deep thought. At this time, Wall Street in M ​​Country was like the end of the world, and many powerful companies in the past seemed to have reached the brink of destruction overnight. Many giants on Wall Street, because they could not accept such cruel reality, watched their wealth steam in the plummeting stock market, and cried in groups of three or three. In just one day, tens of thousands of people lost their jobs on Wall Street.

The entire road of Wall Street was filled with worthless stocks and bonds, and pedestrians who were lost, like walking dead. There were also madmen who could not stand the stimulation and were making noises, making noises and scoldings, as if overnight, these well-dressed prides working on Wall Street turned into beasts and devils, and this street that attracted the attention of the world also turned into hell on earth.

In Hong Tao's investment company, another scene was presented. Under the command of Fester and Higgins, the employees in the company were busy and kept working. Everyone's face was extremely happy, which was in sharp contrast with the "Les Miserables World outside. Seeing the stock index that was constantly jumping on the screen, Fester and Higgins were holding wine glasses filled with champagne, celebrating the victory of the first phase.

"Hahaha, it would be even better if Mr. Li and Mr. Hong also shared this wonderful moment with us here!" Higgins said with a smile on his face.

Fester chuckled and said quietly: "Mr. Hong probably has no time left. Now he must be busy helping McKinley deal with Harding! Humph, Harding has caused such a big trouble. I think how can he have the face to let the people of M vote in the general election this time!

Higgins smiled and said, "Fester, political matters are not something we should care about. No matter who is president, it cannot stop us from making money. Look, now that the stock index has not dropped by a point, we will have tens of millions of dollars to account for! Tell me, did you feel so good when you played with the Shett stock market?"

Fester recalled for a moment, shook his head, and said slowly: "When I was in Shet, I was alone in the army. I didn't have a comrade-in-arms as good as you, and there were no such powerful forces as Mr. Hong and Mr. Li to support me. No matter what I do, I was trembling and small-scale! Even so, I was imprisoned by Shet's government for ten years! You just said that political affairs are not something we should care about, and I think this is wrong. Politics and economy have never been separated. Let me ask, if it were not for Mr. Hong's support, could we sit here and drink champagne? Humph, the FBI in China would have broken into the door long ago and invited us to have tea!

Higgins nodded with a deep sense of agreement and said quietly: "If you say that, it makes sense! When I didn't know Mr. Hong before, I was working alone, and I always looked at the faces of politicians who were called around by them. But now, I don't have to take anyone seriously, because no matter what happens, Mr. Hong can settle it for me. This feeling of having no worries but giving it a try is really not something that can be described by the word "satisfaction".

Fester said with a laugh: "So! We want to make this money, and we can't just ask about this politics. Now, 99% of the financial institutions on Wall Street are losing money, but we are making money, and we are making big profits. We must not let such a good opportunity go!

Seeing that Fesder seemed to have a new idea, Higgins was happy and asked with a cheerful smile: "Festder, what did you think of again? Say it!

Feisde smiled like an old fox and said word by word: "By the bottom of Wall Street!

"By the Wall Street at the bottom!? What you mean is that Higgins was obviously frightened by Fester's idea that sounded crazy, and asked in astonishment.

Feisder said: "We have made a lot now and have enough capital in our hands. With the outbreak of the subprime mortgage crisis, countless financial institutions on Wall Street are facing bankruptcy. If we take the opportunity to absorb them at this time, it will be a big advantage for us. Although these financial institutions are burdened by subprime lending business and are on the verge of bankruptcy, they still have many very profitable businesses. We can save money, transform and merge these financial institutions, and wait until the subprime mortgage crisis passes and the economy improves, these will bring us huge profits. No matter how bad we are, we can take this opportunity to absorb a large number of financial talents! In the context of the subprime mortgage crisis, these talents are as cheap as carrots and cabbage. It would be a pity if we don't pick them up!
Chapter completed!
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