Rebirth: My dad is a coal boss

However, house prices cannot rise to a certain level, and there will definitely be no one to take over. At this time, real estate speculators are as anxious as ants on a hot pot. They can't sell houses and have to pay high interest continuously. Finally, they have no other choice but to sell their houses to banks, and then default occurs.

On February 13, 2007, New Century Financial Corporation of the United States issued a profit warning for the fourth quarter of 2006.

HSBC Holdings announced its performance and increased its reserve amount for subprime mortgage loans in the United States by US$7 billion, a total of US$10.573 billion, an increase of 33.6%; as soon as the news came out, the stock market fell sharply that day, with the Hang Seng Index falling 777 points, a drop of 4%.

Faced with a debt of US$17.4 billion from Wall Street, New Century Financial, the second largest subprime mortgage company in the United States, announced on April 2, 2007 that it had filed for bankruptcy protection and laid off 54% of its employees.

On August 6, 2007, the tenth largest mortgage lender in the United States, American Home Mortgage Investment Corporation, officially filed for bankruptcy protection with the court, becoming another large mortgage lender in the United States to file for bankruptcy after New Century Financial Corporation.

On August 8, 2007, Bear Stearns, the fifth largest investment bank in the United States, announced the closure of two of its funds, also due to the subprime mortgage crisis.

On August 9, 2007, BNP Paribas, the largest bank in France, announced the freezing of three of its funds, also because of huge losses from investing in US subprime bonds. This move caused a sharp drop in European stock markets.

Later, Citigroup also announced that the loss caused by subprime mortgages in July 2007 reached US$700 million, but for a financial group with an annual profit of US$20 billion, this is only a small amount. However, the share price of Citigroup in 2007 has fallen from a high of US$23 to a little more than US$3 in 2008.

.......

Lin Hao wanted to make a fortune from 2003 to the end of 2006, and then he would take over the position before the crisis came. By 2006, he would clear all the contracts, funds, and bonds in his hands.

Then he began to implement the second plan, shorting the global stock market. The last time in Iraq was just a small fight, this time he wanted to completely achieve wealth freedom, build a deep foundation, and reach the level of those ancient families in the world. Now he still has too little money. After the trip to Europe, Lin Hao didn't have much cash in his hands, but the subprime mortgage crisis was still several years away. Now he could take advantage of the prosperity of the US real estate and make some money first.

5 billion US dollars is not small. Whether to lend it to King Trump, Lin Hao really needs to think about it. Although he is his father-in-law, one thing is one thing. In the original history, in 2004, Trump Hotel and Casino Resort Company both went bankrupt and delisted. Since then, there was no listed company in King Trump's business map.

But because of his arrival, a lot of history has changed. King Understanding has directly earned 1 billion US dollars this year. It is estimated that his casino will not go bankrupt next year. This is not a good thing. Lin Hao also plans to control King Understanding and make him his spokesperson. A King Understanding who has not gone bankrupt is not a good King Understanding.

Lin Hao wants the kind of King Understanding who is completely tied to him and cannot do without him. Now that things are going on like this, King Understanding's economy is booming and he may get rid of himself.

Lin Hao does not think that his relationship with Ivanka will make King Understanding stand on his side completely. This old man is very bad. Lin Hao is thinking about whether to lend Trump 5 billion US dollars.

King Understanding and Ivanka are looking at Lin Hao. King Understanding is a little nervous. In fact, he has approached many banks before, but when they heard that he wanted to borrow 5 billion US dollars, they all refused. Now banks are also eyeing real estate. They might as well make money from subprime loans to lend so much money to King Understanding. They don't like the interest of ordinary loans.

After all, once the business is changed, huge profits can be obtained, which makes the bank red-eyed. Other business loans are not very willing to be processed, which makes King Dong a little angry. Just when Lin Hao acquired Bank of China, he set his sights on Lin Hao.

Seeing that Lin Hao had not spoken, King Dong thought that Lin Hao was unwilling, and winked at Ivanka, asking Ivanka to help speak. Women's pillow wind is the most powerful wind in the world, and Lin Hao likes his daughter so much. As long as Ivanka is willing to speak, Lin Hao will definitely agree.

But Ivanka acted as if she didn't see it, just hugged Lin Hao. Ivanka naturally saw her father's eyes and understood what it meant, but she never interfered in business matters, and now it was her boyfriend and her father. If she spoke, it would definitely make Lin Hao embarrassed. In her heart, Lin Hao couldMuch more important than the weight of the King of Understanding.

Since the gun attack in Italy, Ivanka's heart has completely belonged to Lin Hao, even her own father can't.

"Since you asked, of course there is no problem. We are a family, but the necessary procedures must be followed. Let's use the Trump Group as collateral. What do you think? As long as you agree, 5 billion US dollars will be credited in the next few days."

Hearing Lin Hao's words, the King of Understanding stood up happily and pulled Lin Hao to give him a big hug.

"No problem, use the Trump Group as collateral." The King of Understanding was very happy. In his opinion, with the current prosperity of the US real estate market, there is no risk at all. After expanding the scale, it will take only a few years to earn 5 billion US dollars, and the loan can be easily repaid. Moreover, the entire Trump Group is not worth 5 billion US dollars now. Lin Hao is willing to lend, and he has taken a huge advantage. Naturally, he will not disagree and can't wait to sign the contract immediately.

Ivanka looked at Lin Hao with love in her eyes. In her opinion, Lin Hao was willing to lend his father 5 billion US dollars, all because of her. Otherwise, how could he agree to such terms? The entire Trump Group was not worth 5 billion US dollars, and Lin Hao could make several times more profit with 5 billion US dollars.

Lin Hao smiled and looked at King Dong. There is a saying that goes, "If God wants someone to die, he must make him crazy." King Dong has already started to drift, so I will add fuel to the fire and make him even crazier. With this 5 billion US dollars, King Dong will only drift more and crazier. Let him get lost in the real estate boom in the United States.

In the second half of 2007, without her ability to predict the future, King Dong will definitely go bankrupt. At that time, the entire Trump Group will be his. For Ivanka's sake, he can continue to be the president of the Trump Group.

As for reminding King Dong, looking at his current appearance, it is probably useless to remind him. He even thinks that I am deceiving him and delaying his making money.