American Fortune Life

The streamlined and slender Maybach is driving on the streets of Manhattan. The continuous flow of traffic and rushing crowds constitute the most prosperous area in the city of New York.

Andy has been thinking about another question. As a celestial soul, he is very interested in these families of the American Emperor. After all, he also belongs to the top circle of the American Emperor now.

Just like the upcoming subprime mortgage crisis, why do most investors pretending to be ordinary people lose money? Because they are "ordinary people"!

Why do the Morgan family, the Bush family, the Kennedy family, the Smith family, etc., etc., stand still?

Because the predecessors of their family sold weapons to the warring parties during the Civil War, traded with the Axis Powers during World War II, and profited from it in various ways to defend the United States! As a result, they gained a strong capital accumulation and social network accumulation, and finally became the XX family!

Andy found that, as ordinary investors, their weak position in the capital market is simply incomparable. Most of the so-called acquisition of wealth is a dream or "temporary acquisition and instant flight"!

Money, like a trickle, flows from the bottom layer of everyone who earns wages through the complex framework of financial theory, layer by layer, step by step, and finally the money flows into the "pockets" - their pockets !

On Wall Street, the Maybach slowly parked on the side of the road, and the car of Alvetrie and his party had been waiting in front of the Moody headquarters building for a while.

Seeing Andy get out of the car, the doors of the two SUVs were opened, and the six people in suits and leather shoes quickly walked towards Andy.

Andy nodded to everyone, and took the lead to walk towards the building. The appearance of a group of people attracted the attention of many people. Some people recognized Andy, and they couldn't help being slightly taken aback.

As soon as Andy stepped into the building, someone came up to greet him, and politely guided everyone to the exclusive elevator.

In 1975, the U.S. Securities and Exchange Commission recognized Moody's, Standard \u0026 Poor's, and Fitch as nationally recognized rating organizations. After that, the three companies began to monopolize the international rating industry.

The oligopoly effect means a strong right to speak in the capital market, and they may put rating pressure on some small companies to obtain excess profits. As long as there are enough money, it is as absurd that the three majors will issue a medical certificate of good health to a dying patient, and the wrong report will push a well-run company to the brink of destruction, and even infinitely magnify the potential crisis of a country.

They play this trick very well, and they don’t do it once or twice. As long as there is enough interest, they can even sell their souls. Well, this sentence is used badly, but it best reflects their spirit. Nature.

In the CEO's office of Moody's, Raymond put down the phone and said respectfully to the old man sitting across from him, "He's here."

The old man with white hair and a little bald head was wearing a decent suit, and the shirt inside was white but not brand new. He lightly lifted the black-rimmed glasses on the bridge of his nose, his eyes were bright and deep.

"Very interesting young man, let's hear what he has to say..."

With that said, he stood up from the chair, walked slowly towards a door in the office, opened it and walked in.

Andy led Al and Bud into the CEO's office, and after shaking hands with the smiling Raymond for a few polite words, they took their seats in the rest area of ​​the office one by one.

"To be honest, many people on Wall Street are paying attention to your movements, Mr. Smith. It's surprising that you will choose us, Moody." Raymond did not choose to go around in circles, but said with deep meaning, hoping to be able to Unexpectedly disrupt the rhythm of young people, so as to quickly get the desired answer.

Andy just smiled calmly, ignored the other party's temptation, and asked directly: "With such a high default rate, why is the rating of MBS still 3A?"

Raymond frowned slightly, and then smiled perfunctorily and said, "The MBS yield is stable, the risk is low, and it is endorsed by the two rooms, so it will naturally be 3A. Is there any problem?"

"Hehe, thank you." Andy smiled brightly. He didn't feel annoyed by the other party's perfunctory, but after saying thank you, he stood up. Under the different eyes of the other party, he reached out and shook his hand, and said, "I'm sorry. , Excuse me, thank you for your answer."

Then Andy, in the other party's stupefaction, led Al and the water-faced Bardstone out.

"Mr. Smith, please wait..."

Andy stopped, turned around with a smile and said, "Mr. Raymond, is there anything else? We can leave by ourselves, no need to send it off."

"Mr. Smith, did you come today just to ask that question?"

"Of course, otherwise, I just feel confused. I am very satisfied to hear your answer, thank you, and also let me understand a sentence, you can never wake up a person who pretends to be asleep... Nice to meet you , please stay."

Raymond was a little speechless watching Andy turn and leave with a smile on his face, without delay, as if he really just came to ask that simple question.

click.

The door of the rest room in the office opened, and the old man came out with a face as heavy as water, sat on the chair in deep thought, took off his glasses, took out a handkerchief from his pocket, and wiped it slowly.

"Mr. Buffett, what do you think?"

Warren Buffett put on his glasses, his eyes sparkled, and he said inexplicably: "Didn't he say that he is trying to wake up those who are pretending to be asleep. If he continues to be disappointed, he will make everyone who is pretending to be asleep have to wake up." Come..."

"Boss, where are we going?"

Andy walked out of the building and said with a smile, "It's just around the corner, and the next stop is Standard \u0026 Poor's."

. . . . . .

In the Morgan Stanley conference room, the person sitting at the head was quietly waiting for the answer from the person standing by with a mobile phone.

"Sir, he went to S\u0026P . . . "

"Everyone, you should have read all the materials sent this morning. Howie Schubler not only lied to the client, but also lied to us. He will be sent to prison. Then, the 16 billion swap contract, 9 billion How can we make up for the losses? This time the financial crisis is imminent, will the government rescue? We have already sold a lot of junk bonds, but everyone is not a fool, who will continue to take orders now?"

There was silence in the meeting room, everyone was sullen and frowning. If there is no solution, their group will suffer a lot. Morgan Stanley has been firmly shrouded in the risk of bankruptcy.

"...The price of cbs is set by us, we still follow the previous practice and refuse to redeem those toxic bonds at high prices!"

"Yes, even if a financial crisis breaks out, the government will definitely not let Morgan Stanley go bankrupt..."

There were voices one after another in the meeting room, and each one was eloquently expressing various attentions.

"Can any of you tell me how tight we are on cash flow? What type of line of credit are we running?"

The audience fell silent again, and everyone looked at each other in blank dismay, until a voice sounded uncertainly, "The data shows that the situation is getting worse!"

"Damn it, of the 15 billion VAM swap agreement, 4 billion of it is still in the hands of our subsidiary! Everyone, let's discuss how to deal with the VAM agreement in the hands of the person who sent us the information and is going to S\u0026P. ..."

"I'll talk to Greg and ask him to sell the VAM agreement to the parent company at a low price..." a black woman said hesitantly.

"Are you sure?"

"I can only try. After all, we are bankrupt, and Greg's company will also be implicated. I think he will understand." In fact, black women also know that they are likely to leave empty-handed. She can talk back with her mouth.

"Andy Smith..."

When the CEO said this name, everyone in the audience frowned and looked bitter, not because of the power of Andy's family, but because of the $7.2 billion gambling agreement in his hand.

This shit is going to kill me!

"Maybe it's just that everyone is overly worried, but in fact there will be no financial crisis..."

"Snapped!"

The CEO of Morgan Stanley slapped the table and glared at the person who spoke just now, "Get out, pack your things, you're fired! Immediately!"

Everyone in the meeting room looked gray and silent.

"Talk to him..."

"Badstone and I are friends, and I can go and find out the bottom line of the other party."

Andy walked out of the headquarters building of Standard \u0026 Poor's with a faint smile, chuckled, looked back at the towering building, shook his head, walked to the door of the Maybach, and was about to bend over to get in the car.

"The boss, someone from Morgan Stanley, wants to ask me to meet." Bardstone held the phone in his hand, and a smile finally appeared on his gloomy face.

"Go, follow the agreement! JPMorgan Chase, UBS, Citibank, and the people from Plaster Country are all very interested in their company."

Bardstone nodded and turned to leave. Andy said to Alvitre: "I think the ignorant Deutsche Bank should have seen the reality clearly. You go back to the company. I will go to the Newsweek Building. I need to make a copy of the next issue. Express a copy of the cover of the two major rating companies."

In the speeding car, Andy looked at a cartoon he drew in his hand with a smile on his face.

The ruins of Wall Street were full of corpses, and the people representing the two major rating agencies shouted with crocodile tears, "Why did this happen?" The dense ghosts around them shouted, "We also want to ask you why so!"

Pointing the finger at the two major organizations, killing people, may not have much effect before the crisis, but when the subprime mortgage crisis breaks out, the Financial Crisis Inquiry Committee formed by the U.S. Senate and Occupy Wall Street will find a clear answer. Target.

Of course, Andy is just a means, everyone can sit down and talk, but when the time comes, the roles that need to visit need to be exchanged.