Global monopoly of technology

Michael Barry signed the contract. After the $2.9 billion of funds entered the fund pool, he did not hesitate to go to the major banks on Wall Street to run business the next day.

Deutsche Bank.

In a reception room, several bank staff interviewed Michael Barry about business.

"I want to buy credit default swaps for mortgage bonds. Once those bonds default, the credit default swaps will compensate me."

The business staff of the several banks who received him, including the supervisor, were stunned, thinking whether they had misheard them, and after reacting, they asked uncertainly: "If I did not misunderstand you, you just said...you Want to bet against the housing market?"

Michael nodded: "Yes!"

An interviewer said puzzledly: "Why? Americans don't pay mortgages but this kind of thing has never happened. With all due respect, Mr. Michael, this seems to be a stupid investment."

Michael thoughtfully said: "According to the average people's view of the housing market, this is indeed an extremely stupid investment...but everyone is wrong."

Hearing this, the bank staff who hosted him couldn't help but laugh, and quickly concealed their embarrassment and smiled gracefully: "This joke is very interesting, but this is Wall Street. Don't take it, so why not?"

Michael suddenly emphasized: "I only care about bond defaults. I want to determine the solvency of your bank."

The clerk in charge sitting across from him said in an unbelievable way: "What did you say? Sorry, are you serious? You bet against the real estate market, and you are worried that Deutsche Bank will run the bill?"

Michael responded straightforwardly: "Yes."

Several bank employees looked at each other, and after a while they communicated in private.

"I think we can promise him unless the housing market collapses, but the housing market cannot collapse. It is still healthy."

"Agree, who can't afford the mortgage?"

After chatting in private for a while, the headed supervisor looked at Michael again and said very formally: "No problem, we can adopt a pay-as-you-go mechanism to compensate in case of bond default, but if the value of the mortgage bond rises, you have to pay us monthly Is the premium acceptable?"

"Yes, I accept."

Michael nodded, and as he spoke, he took out a book of hundreds of pages of documents from his briefcase and placed it on the desktop and pushed it to the other party, saying: "This is the six mortgage guarantee bond I want to sell short. The proposed prospectus."

This is a very thick material that makes people speechless. You have to look carefully. Time is passing by, and several hours have passed. After confirmation, the bank’s supervisor said: "Mr. Michael, we can sell at Deutsche Bank. How about giving you $10 million in credit default swaps?"

A fool came to give money. This is the blessing of the goddess of luck. After signing, he will earn a lot of commissions. Several bank employees are secretly happy.

Michael embraced the back seat with his hands, dazzled and sniffed in a moment of silence. When the people at the bank thought he might regret it or the offer was too high, Michael looked at them and said, "You Can you sell me 200 million dollars?"

The people at the bank were dumbfounded on the spot.

Everyone looked at each other in astonishment, and nodded without hesitation after regaining their senses: "Of course, then 200 million US dollars. We will contact you to submit some documents."

After finalizing everything, Michael left the bank. After taking Michael away very politely, the bank staff laughed on the spot.

"The $200 million credit default swap is crazy."

"Haha, I didn't expect someone to give money for nothing. How could there be such a fool on Wall Street?"

"I swear, I am absolutely favored by Goddess of Luck today?"

...

Bear Stearns Investment Bank.

In the reception room, Michael and the person in charge who met him said: "Can you sell me a $350 million credit default swap?"

There were two people interviewing him at the bank. When Michael said this, one of them looked at him strangely and said: "No problem, but are you really sure you want to do this?"

The voice just fell. Another banker stopped his colleague on the spot and looked at Michael. He replied with a smile and affirmed: "There is no problem, we sold it, and the credit default swap was 350 million US dollars."

...

Michael walked out of the gate of Bear Stearns Investment Bank, stood still at the door, closed his eyes and took a deep breath, muttering to himself: "There is still $1.285 billion in cash..."

In the end, he opened his eyes and wandered away, saw a taxi passing by and stopped by his hand, and then took to the next house.

...

National Mortgage Bank, Bank of America, Citibank, Morgan Stanley, Goldman Sachs Investment Bank, Credit Suisse Group, etc.... Michael bought all of the US$4.2 billion in cash under the Churen Fund for credit default swaps.

But he is not the only one doing this. Many people are buying credit default swaps one after another, but the amount is small and not many people pay attention.

The only two hedge funds are too large in proportion to the amount of money. It is impossible not to be noticed. It spread on Wall Street within a few days.

One is Michael’s Heirloom Fund, which bought 4.2 billion US dollars; the other is John Paulson’s Paulson Fund, which bought 8 billion US dollars.

...

Goldman Sachs headquarters.

Paul Watson looked at his colleague and said in astonishment: "What did you say? You say it again?"

His colleague Le Haha said: “Just three hours ago, I sold a mortgage bond credit default swap of 270 million US dollars. A fund manager in California, Michael Barry’s successor fund, haha, brain It's convulsive, crazy, the mortgage bond appreciation has to pay premiums every month, a new cash cow."

Paul Watson said in a daze: "I don't know that there are credit default swaps for mortgages."

His colleague said happily: "Now I have it, built for him. Why doesn't he accept the gambling market? Not only that, in order to sell the vacant market, I heard that he went to almost all the banks on Wall Street."

Paul Watson said: "How many are there?"

His colleague smiled undiminishedly: "US$4.2 billion, I guess investors in the Churen Fund would be mad if they knew it, but what does this have to do with Goldman Sachs? Isn't it?"

...

Luo Sheng stayed in New York for about ten days. The main purpose of this trip has been achieved and there is no need to stay.

If it was not necessary, he really didn’t want to stay in North America for too long. In the few days he came to New York, he read in the newspapers and reported that there have been three shootings in the city. One of them was at night with one person. Died.

However, Luo Sheng was on Manhattan, and he didn't even know this without reading the newspaper.

The rich area is quite safe.

Qin Weimu came to Luo Sheng's guest room early this morning, and specially brought a bundle of rolled up dollar bills.

Qin Weimu casually threw it on the sofa: "This is the cash you want, and the itinerary for returning to China has been arranged. The plane will be around 11 o'clock in the morning."

Qin Weimu also wondered how Luo Sheng would ask her to bring cash, but he didn't ask anything. Luo Sheng basically had no cash.

"Well, I see, go ahead."

Luo Sheng replied casually without raising his head. He was sitting comfortably on the sofa in the living room in his nightgown. He was reading the "New Yorker" newspaper.

When Qin Weimu was about to leave, he looked towards the bathroom of the guest room, because it seemed that she heard the sound of water.

"Someone in the bathroom?"

Hearing a question that suddenly floated from her, she felt a little baffled after she finished speaking, why did she suddenly ask this.

Luo Sheng removed the newspaper and glanced at Qin Weimu, who was full of doubts, and said with a smile: "Yes, the waiter I called yesterday, girl, you know."

As soon as he said this, Qin Weimu retracted his gaze and glanced at him: "Boring!"

With such a word, Luo Sheng couldn't help but put down the newspaper, and after confirming that Qin Weimu had left, he secretly breathed a sigh of relief. He just seemed to be steady and skinny on the surface, but he was panicked and anxious.

For women, especially women like Qin Weimu, it is necessary to use reverse thinking and counter-routine strategies to make her intermittently autistic. Luo Sheng feels that his witty EB is indeed the most dangerous and the safest.

Qin Weimu thought that he, a habitual offender, wanted to take advantage of his mouth, so he directly flashed him.

After a few minutes, the sound of showering in the bathroom stopped. Not long after, a supermodel beauty from Havana, Cuba, went out of the bath barefoot.

She entered the bedroom silently.

...

A few hours before leaving New York and returning to China, Luo Sheng enjoyed a Western meal and spent a lot of energy, not to mention a lot of money. Frankly speaking, Luo Sheng thinks it is quite expensive, but it is excellent value for money, and the exotic flavor is indeed It’s fresh and delicious. It’s okay to taste it occasionally, and it should be more expensive. It’s hard to eat one meal for so many days.

You must know that Luo Sheng is very young and energetic, and his appetite is also great.

It is worth mentioning that Luo Shengman is picky, delicious, safe and tender are the basic requirements, and must be fresh and unconventional.

He never eats overlord's meal, and he is given money when he eats it, otherwise he is a hooligan.

At 11 o'clock in the morning, Luo Sheng took a special plane to return home. Originally, he wanted to visit Menlo Park in the Bay Area.

Forget it.

Come back home!

The layout here has been settled, just sit and wait, a year later, lying down and counting money can count cramps.

Although money is already a string of numbers in Luo Sheng's eyes, no one cares about how much money he has, and wealth is never too much.

...