American Fortune Life

Driving down the streets of Manhattan, long-lined Maybach, riverine traffic and hasty crowds make up the most prosperous part of New York City.

Andy has been thinking about one more question, and as a Heavenly Soul, he is very interested in the American Emperor's family, after all, who now belongs to the highest circle of the American Emperor.

Like the upcoming subprime mortgage crisis, why are investors dressed as ordinary people mostly losing money? Because they're “ordinary people”!

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

Because their family predecessors profit from selling weapons to belligerents such as during the Civil War, trading during World War II and Axis States, and defending the United States in all kinds of ways! As a result, they have gained strong capital accumulation and social chords, finally becoming a XX family!

Andy finds that as ordinary investors, their vulnerable position in the capital market is simply unparalleled, so to speak, acquiring wealth is mostly a dream or “temporarily in hand, flying away”!

Money, like a trickle stream, comes from the bottom of every payroll income, through the complex framework of the financial theoretical architecture, one layer at a time, one step at a time, and eventually flows into the “pockets” - their pockets!

Wall Street, Maybach slowly parked on the side of the road, and Alvitelli's pedestrian car had been waiting for some time in front of the Moody's headquarters building.

When Andy walked out of the car, both SUVs opened their doors and the six men in suits quickly walked towards Andy.

Andy nodded at the crowd and took the lead in walking toward the building. A pedestrian appeared, attracting a lot of attention. Someone recognized Andy and couldn't help but look slightly.

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

In 1975, the Securities and Exchange Commission (SEC) of the United States approved Moody's, Standard & Poor's, a nationally recognized rating organization, after which three companies began monopolizing the international rating industry.

The oligopolistic effect implies a strong capital market voice, and they may want some small companies to put rating pressure on them to make excessive profits. Just as the three congresses gave a dying patient a medical certificate of good health, as long as there was enough money, false reports pushed a well-run company to the brink of destruction and even indefinitely amplified a country's potential crisis.

They play this game very slippery, and it's not done twice at a time, they can even sell their souls if there's enough interest, okay, that's a bad phrase, but it best reflects their nature.

Moody's CEO's office, Raymond, put down the phone and the esteemed old man sitting across the street said, "Here he is. ”

The old man, with white hair and a little bald, wore a decent suit, and the shirt inside was white but not new. He gently held the black frame glasses on the nose beam, his eyes were bright and dark.

“Funny young man, let's hear what he has to say... ”

He stood up from the chair and slowly walked towards a door in the office, opening it and walking in.

Andy walked into the CEO's office with Al and Bud, and after a few words with a smiling Raymond handshake, sat in the office lounge in turn.

“To be honest, a lot of people on Wall Street right now are watching you, Mr. Smith, and it's surprising that you're going to choose us, Moody.” Raymond did not choose the circumference of the condom, but, if he had said so in depth, hoped that he could unwittingly disrupt the rhythm of the young man in order to get the answer he wanted quickly.

Andy just smiled, ignoring his opponent's test, and asked directly: "Why is the MBS rated 3A when the default rate is so high? ”

Raymond frowned slightly and smiled. “MBS yield is stable, risk is low, endorsed by two rooms, naturally it will be 3A. Is there a problem? ”

“Oh, thank you.” Andy smiled very sunny and was not annoyed by the other party's dilemma. Instead, he said thank you and stood up. In the eyes of the other party's differences, he reached out and shook his hand and said: "Sorry to bother you, thank you for your answer. ”

Andy then walked out with Al and Budderstone, who was sinking like water, in the middle of his gaze.

“Mr. Smith, please wait... ”

Andy stood on his feet and smiled back and said, "Mr. Raymond, can I help you? We can leave on our own, no need to send. ”

“Mr. Smith, are you just here today to ask that question? ”

“Of course, otherwise, I'm just confused, I'm satisfied to hear your answer, and thank you, but it also makes me understand that you can never wake a sleeping man... Nice to meet you, please stay. ”

Raymond looked at Andy with a smile on his face and left without dragging the mud, as if he was really just asking that simple question in general.

Knock.

The door of the lounge in the office opened, the old man walked out like water, sitting in a chair, taking off his glasses, removing a handkerchief from his pocket and wiping it slowly.

“Mr. Buffett, what do you think? ”

Warren Buffett put on his glasses and his eyes glistened, meaning something elusive: “Didn't he say that he was trying to wake up the sleeper, and if he kept disappointed, he would wake all the sleeper... ”

“Boss, where are we going? ”

Andy walked out of the building and said with a smile: "Turn around and you'll be there. Next stop, Standard Poor. ”

In the Morgan Stanley conference room, the first person sitting quietly awaits the answers of the people standing by with their phones.

“Sir, he went to S&P... ”

“Ladies and gentlemen, as you've all seen this morning, Howie Schbler not only cheated on our clients, but also on us, and he's going to go to jail. So, 16 billion swap contracts, 9 billion losses, how do we make up the losses? This financial storm is already imminent, will the government rescue it? We're already selling a lot of junk bonds, but nobody's a fool, and who's going to keep the deal now? ”

There was silence in the conference room, everyone's face was gloomy and frowned upon, and if there was no solution, they would lose a lot, and Morgan Stanley had been sturdy caught in the risk of bankruptcy.

“... the price of CBS was set by us, and we refused to buy those toxic bonds at high prices, as we had done before! ”

“Yes, even when the financial crisis erupts, the government will never watch Morgan Stanley go bankrupt... ”

There was this fluttering sound in the conference room, with all kinds of attention from one mouth to the other.

“Can any of you tell me how tightly we control cash flows? What type of credit line do we have? ”

The whole scene calmed down again, face to face, until a voice sounded uncertain, "Data shows that things are getting worse! ”

“Damn, 15 billion swap deals, 4 billion of which are still in our subsidiary's possession! Ladies and gentlemen, let's talk about sending us information on how to deal with the gambling agreement in S&P's hands... ”

“I went to talk to Greg and asked him to sell the betting agreement to his parent company at a lower price...” A black woman said with some hesitation.

“Are you sure? ”

“I can only try, after all, that we are bankrupt and that Greg's company will be involved, and I think he will understand.” In fact, black women also know that they are likely to return empty-handed, after all, the $4 billion in benefits is not something she can say back with her mouth.

“Andy Smith... ”

When the CEO said that name, the whole crowd frowned and looked bitter, not because of how powerful Andy's family was, but because he had $7.2 billion in gambling agreements.

This nimma is killing me!

“Perhaps it's just too much concern that there won't be a financial crisis... ”

“Bang!”

Morgan Stanley's CEO patted the table and looked at the person who had just spoken, “Get out, pack your things, you're fired! Now!”

The conference room was dusty and silent.

“Talk to him... ”

“Budstone and I are friends, and I can look into each other's bottom line. ”

Andy walked out of the Standard & Poor's headquarters building with a faint smile, smiled softly, looked back at the towering building, shook his head and walked to the Maybach Gate, just bending over to get in the car.

“Boss, Morgan Stanley's people want to meet me.” Baddess held the phone in his hand, and his gloomy face finally smiled.

“Go, as agreed! * * * * The Swiss bank, Citibank and the cream country are all very interested in their company. ”

Budderstone nodded and left, and Andy said to Alvitelli, "I think you should see the reality, too. Go back to the company, I'll go to the Newsweek Building, and I need to copy the cover of the next issue to the two rating companies. ”

Andy smiled in the car and looked at a cartoon in his hand.

Underneath the ruins of Wall Street were bodies, tears of crocodiles poured out from those representing the two major rating agencies, "Why is this happening?” Surrounded by dense, numb ghosts clawing their teeth, "we also want to ask you why this is happening! ”

Spears pointed directly at the two major institutions, killing minds, and perhaps not playing much of a role until the crisis erupted, but when the subprime mortgage crisis erupted, the Financial Crisis Investigation Commission, composed of the United States Senate, and Occupy Wall Street organizations would find clear goals.

Andy, of course, it's just a means, and you can sit down and talk about it, but by then, the roles that need to be called in need of a visit need to be changed.