The Youngest Son of Sunyang

The Goldman Sachs Group, Inc. (The Goldman Sachs Group, Inc.) started as a bill trading company founded by German Jew Marcus Gold and dominated the financial markets in the 21st century.

In total, more than 30,000 employees in 50 offices in 23 countries sweep their money across borders and currencies.

In addition, Bill Clinton and George Bush were both from the U.S. Treasury Academy when they assumed the position of Treasury Secretary, and they released all sorts of regulations and put wings on Goldman Sachs.

They manipulated the financial books to allow Greece to join the European Union and, as a result, are regarded as the main culprits of the European financial crisis that led to Greece's bankruptcy.

The company, however, represents the devastation of neoliberalism and financial capital due to its tremendous returns in the process.

Finally, on Friday morning, D-day, I stood in front of the headquarters of Goldman Sachs, and I remembered the future of the company.

Even if close to 10 million American citizens lose their jobs due to the financial collapse of the United States, even if close to six million people lose their homes, they take dividends, take bonuses, and pop champagne.

The collapsing company will rebuild itself as the blood taxes of the people, and will sweep away the money by creating fraudulent derivatives again.

I thought I'd spit it out once, but then I quit.

It's because I thought I was a person who only takes money the same way as them.

“Let's go.”

The TFT Team Leader who followed me followed me, swallowing dry saliva. A billion dollar deal made him nervous.

“You crazy bastards.... ”

Immediately after entering the lobby, a disturbance caused the Korean insult to appear.

Goldman Sachs' lobby was filled with more expensive things than nonHyundong luxury furniture stores.

The marble on the floor and the walls was tolerable, but who would have thought to marble the guide desk?

Even the chairs prepared for those who wait in the lobby for a short time are worth over KRW 1,000,000 each. Dozens of such chairs line up like a subway station.

I've never done this kind of money before. As the insult comes out of his mouth again, the team leader raises his hand and greets someone.

Following him into the conference room, there were already three people waiting for us. One executive, two managers. They flicked their tongues to swallow my money, blinking their eyes.

* * *

“I won't stop you if you want me to, but there's something I need to tell you. ”

A man who looks the youngest, but has already ascended to the executive position, smiled and said.

“Go ahead.”

“There's already a similar swap. It was signed two years ago…. ”

One of Rachel's most discerning people.

“Chai has a monthly premium that she signed two years ago. It was low at first, but the higher the price of the mortgage, the higher the premium. It pays nine percent now. We're seeing tremendous losses. ”

“So we want to do this on a monthly basis, not on a yearly basis? ”

“No, I'm just letting you know. If you believe the rumor that mortgages are a broken mass, you will suffer a great loss. ”

“You know the variable interest rate on mortgage loans this year, right? Do you think there's already an increase in delinquency and there's no shortage? ”

I wanted to see what they were thinking.

I wonder if they really believe it's safe or if they want to hide their bad luck.

“Mr. Jean, securities are not loans. AAA grades are basic, and poor loans are a little mixed up. So it's a good product. AAA covers a lot of damage to Class B. You don't want to throw away steak just because it's got the perfect steak and the tight tendons on it, right? ”

“We are currently experiencing a slight increase in housing prices. There is no fall.”

One of the managers opened his mouth.

“I understand Goldman Sachs' thoughts. But it's not enough to withdraw our thinking. Oh, thank you for the information, of course. ”

The young executive shrugged his shoulders and clapped his palms.

“Let's take a closer look at Miracle's thinking. ”

The three of them opened the summary we prepared and read it in a snap.

“The product analysis is excellent. Miracle, indeed.”

“If we agree on just two things, the contract is fine. ”

I checked their satisfied faces and slowly opened my mouth.

“I'll accept claims even if they're paid monthly. In addition, we have previously entered into premium terms, so we will follow that approach. ”

The team leader who came with me looked at me with a worried expression.

Premium will dramatically increase the premium you pay when the value of a policy rises. The premiums may rise to a level that may be difficult to cope with in a moment.

I nodded lightly at him. It is a sign of relief, but worries do not go away from his face.

“What we need to say on our behalf makes me feel sober. Haha.”

He said the other conditions before the smile of the young executive was over.

“Similarly, we have a precedent, so insurance coverage is 4.8%. ”

He smiles and reveals his colors.

“Oh my, the same conditions as two years ago? That's gonna be hard. ”

“Why is it so hard? If the value of the house security is declining, it's risky, so you need to raise your insurance, but isn't the value of the policy rising steadily more than two years ago? Does this mean less risk? Even on the same conditions, it seems okay...? ”

The three people who flew their tongues sought understanding and then whispered in each other's ears.

A moment later, he clears his voice with a clear-headed cough.

“How much do you think the swap is? ”

“Sounds like you're willing to accept my terms for the price. ”

“Yes, if you give me $100 million, I'll sign it at 4.8%. ”

There you go!

5% or 6% would have accepted. It is rare to digest large amounts at once, such as Goldman Sachs.

“Well, that solves all the remaining problems at once. ”

When I smiled brightly, the three of them looked puzzled.

“Since it's a billion dollars, don't you think we've got all the money, all the insurance rates, all at once? ”

Their faces were truly worth seeing.

I was surprised by the enormous amount, and I was delighted to see a large $48 million deposit rolling in at 4.8% of one billion.

And just a little bit, it was like holding an ace of poker cards and waving it around.

“Can I make it clear that you have nothing to say? ”

“Oh, excuse me. Of course, you can interpret it nicely. No, should we ask him? Haha.”

The team leader who came with me constantly texted and received. I am checking on the status of employees visiting other financial institutions in real time.

I wrote the numbers in the thick blank of the contract.

4.8% and a billion dollars.

As soon as I signed the contract, I smiled and they laughed.

How common are these satisfactory contracts for both parties?

I pushed up the chair and shook hands one by one. I feel empowered by myself.

At this time, the team leader who came with him whispered in his ear.

“We've signed 26, including London. ”

A young executive at Goldman Sachs said, looking at my brighter smile.

“I see you have some good news. ”

“Yes, we have a very good contract. ”

“Oh, congratulations. Can you remind me what this is about? ”

“You'll see soon enough. It's hard to hide this stuff anyway. Wall Street doesn't have a secret wall, does it? ”

There are two things that spread quickly. Someone hit something big, or something embarrassing.

“I'd better keep my ears open. Miracle is rumored to be a successful investment, right? ”

I do not realize how big a contradiction he has made.

Now that I've signed the contract, there's no turning back. I gave him a hint.

“This is our Miracle, famous for its successful investment. So today, isn't this a successful contract? ”

I waved the thick contract lightly.

Our success means their failure. Successful contracts that satisfy both parties... are rare.

Then the laughter disappeared from their faces.

Humans are reluctant to think about bad things. So it reduces the chances.

They think it won't happen until now and feel the slightest diminished possibility - the worst nightmare of the collapse of the U.S. housing market.

“Well, I'll give you time to tell me who this deal is going to be successful with. Then…."

You leave the conference room behind the frozen ones.

The sunny New York sky is even more beautiful today.

“Do you want to go for lunch? How about a delicious hot dog and a hot coffee? ”

You walk to the food truck in the corner with the team leader who still looks nervous.

* * *

That afternoon, Miracle's entire staff left early with a generous bonus.

I wanted to share my joyful thoughts a little, and I know that that is the best way to spend money and spare time that I never thought of.

I went to the bar with Rachel to congratulate myself.

As you grin and smile at the beer, you hear the sound of troops from all over the bar.

“Did you hear Miracle's been running around doing crazy things all day? ”

“Of course. Who doesn't know the news? ”

“How much did you sow? ”

“I don't know the exact amount, but Miracle is the reason we're having a party. I heard $12 million just for our transfer bunk. ”

“Damn, the officers must have gotten another bonus. ”

“Wouldn't it be nervous? If Miracle's madness succeeds, you have to give him $240 million. All the departments that signed that contract are gone. ”

“Did you see how crazy it worked? I'm going to have to make a huge claim in the future.... Miracle's about to close. ”

But they didn't laugh at my crazy stuff.

Miracle did the right thing, considering one place. However, everyone guesses that the money spent on the Wall is enormous. If you make a few calls, you'll know it's billions, and if you go beyond crazy, everyone will start to take it seriously.

This caused me to laugh even though there were worrying whispers everywhere in the bar.

“Did you know you did the same thing in London? ”

“London or The City? ”

“Yes, I heard you had a $600 million credit default swap contract with the Bank of England. Maybe it's a real multi-billion dollar swap? ”

“If, in the real bay, What happens if Miracle's bet is right? ”

“What's going on? The moon's all fucked up. ”

Friday night, two days from now until Monday.

Those who quickly read the warning lights will be busy gathering hair and having emergency meetings, and those who still think I'm crazy will be excited about one big thing.

“Hey, Son. ”

A middle-aged, white-haired bartender placed a bottle of beer in front of me.

“Last time I was here with Rachel, I thought you said $70 billion. ”

“I was. Do you know Rachel? ”

“Of course. She's a regular here. It's my day off after a couple of my favorite cocktails. ”

“I see.”

“I know Rachel is Miracle's boss. So Miracle's lunacy has something to do with the $700 million? ”

Even the bartender blinked and asked.

I wanted to drink comfortably, but my excitement broke.

I pulled out a hundred-dollar bill from my wallet.

“Do you have a mortgage on your house? ”

“No, I don't owe you anything. ”

“Thank God for that. Then sell this bar before it's too late. ”

“What?"

The outraged bartender didn't even think about taking the hundred dollars.

“If you run a speakeasy on Wall Street, you're doomed. ”

I smiled at the stunned bartender and went out to New York City at night.