After the real estate summit, Bronck is now respectful to Zhou Ming, so when Zhou Ming asked him to apply for CDS contracts for all real estate developers immediately, he immediately did so and immediately submitted the statistics to Meifang and Meidi, so that they could go through the process as soon as possible.

Gonzalez and Rodriguez have been waiting for these list data for a long time. After all, they have dividends for the company's profits in the state. They have long been eager to lend out all the money they have in their hands, and even want to make more money from the head office or borrow funds from the bank. They are not worried about any losses. Anyway, they have Zhou Ming's CDS contract as a guarantee, so they are fearless.

It is precisely under this concept that in just one day they issued all subprime mortgages.

Zhou Ming was relieved when he received the news. The market he had finally opened up was preserved. After the US economy was prosperous, he would easily get a profit of less than hundreds of millions of dollars by selling these CDS contracts. This was completely lost.

Real estate developers of all sizes, such as Walton, were also very happy. They were suffering from shortages of funds and finally waited for the funds to be earned, which was a huge encouragement to them.

Gonzalez and Rodriguez are even happier. How much dividends should they get every year after giving up so much money!

Such a world where everyone is very happy is born.

Later, the facts proved that Zhou Ming's eagerness was reasonable. When Zhou Ming issued all the loans, Walsh Jr. personally called the general managers of Meifang and Meidi, asking the two major mortgage companies to immediately terminate their cooperation with Zhou Ming and asked them to replace their main partners with other commercial banks and investment banks.

When they received this call, whether Franklin or Holland, they all understood that Walsh Jr. could not bear it.

After all, Meifang and Meidi are both federal companies. Zhou Ming actually dared to threaten the CDS contract, which no one could tolerate. When Franklin and Holland knew about the situation in Dallas, they were so angry that they suffered a cerebral hemorrhage.

But at that time, Zhou Ming, as the only insurer, had no choice but to accept it.

But now with other banks and investment banks entering the market, Meifang and Meidi have to let Zhou Ming know what a federal enterprise is.

So Franklin and Holland immediately called their head in Texas and asked them to stop their cooperation with Zhou Ming immediately.

"Mr. President helped us find other collaborators. We don't need to be constrained by Zhou Ming anymore. We need to say no to him from the perspective of strength."

This was Holland's passionate roar on the phone. Originally, they thought Gonzalez and Rodriguez were also very angry with Zhou Ming in Dallas. They must hate Zhou Ming very much now and hope to teach Zhou Ming a lesson. But in fact, the first reaction of the two persons in charge was that they were confused when they received the call. They didn't expect why they had approved so many mortgages and that such a thing happened.

They carefully asked their respective presidents about the methods of the loaned funds.

Regarding this matter, whether Franklin or Holland, they firmly demanded that they find a way to freeze the funds and then recover them.

Obviously, both presidents, Franklin and Holland, did not investigate the current situation carefully, and casually stated that they would freeze funds and recover loans that had been released.

Maybe they think that it's only two days now, and at most they can release a few transactions, but they don't know that Gonzalez and Rodriguez have released all the money in their accounts, and even borrowed a lot from the bank.

If you ask them to recover them all now, they will lose less than tens of millions of bonuses, and they will definitely not want to.

So the two leaders of two competing companies made a special appointment to meet and discuss with each other. In the end, they decided to suppress this matter. After all, it was a bonus of tens of millions. They were willing to take this risk. And most importantly, their lending procedures had no problems and could withstand investigation.

Zhou Ming later learned about this incident and lamented that the capitalists were worthy of being able to sell and hang their ropes, which was a routine operation.

In addition to the actions of Meifang and Meidi, other major Wall Street banks and investment banks have also entered the market under the impetus of President Walsh Jr.

There is a very interesting situation here, that is, these big banks and large investment banks were originally passively entering the market, and were essentially reluctant, but when they conducted research on the entire market, coupled with the holding families behind these big banks and the big investment banks, they themselves also invested in Zhou Ming.

In this way, when they analyzed Zhou Ming's investment logic and responded to the market feedback, the most important thing is that after they analyzed the recent economic index, these big banks and large investment banks began to compete for the market with great fanfare.

At the beginning, they rushed to cooperate with Meidi Meifang and used their connections to open better conditions to cooperate with CDS contracts. However, as the competition became more and more intense, these financial institutions began to cooperate with other micro-loan companies and began to develop more dimensional CDS contracts.

And as Zhou Ming remembers, some people think that they are developing CDS contracts too slowly and start to acquire CDS contracts from others. Those who hold CDS contracts also think that it will take ten or twenty years to recover all the deposits. Now they can get more than half of the money by changing hands, and they don’t have to take any risks, which is equivalent to making money from nothing. How great is this!

In this case, most people will choose to take it off, so the CDS contract market began to become more prosperous.

With the prosperity of subprime mortgages and CDS contract markets across the United States, Gonzalez and Rodriguez couldn't help but feel heartbroken because the previous centralized loans to Zhou Ming had drained their cash flow, and they even owed a lot of money from the bank.

They regretted that they shouldn't be so anxious, and they scolded Zhou Ming for sure that they had known the current situation a long time ago and deliberately deceived them into taking the bait.

But at most they could only curse behind their backs. They really let them recycle the loans they had already released. First, after so long, they don’t have the ability to do so, and secondly, they are reluctant to take this risk. After all, this will not only offend the entire Texas real estate circle, but what if the money is recovered and cannot be released later? Then I am the one who loses it, and it is better to be reliable to collect the tens of millions of bonuses now.

As for real estate developers like Walton, they later saw the increasingly prosperous subprime mortgage industry in the United States, and they all widened their eyes. They had to admire Zhou Ming's far-sighted vision. They originally thought it was something like charity or venture capital, but they didn't expect it to be able to become a big industry throughout the United States.

And this trend also made them desperately develop real estate projects, although Zhou Ming told him

Our craze can last for at least five years, but they dare not gamble. After all, the development funds for one of their own real estate projects must be calculated in units of billions, and they do not want to miss it.

Even some people who are very active have thought of borrowing other people's real estate sales. At the beginning, when the subprime mortgage and CDS contract had not spread widely, people like Bronck who were instructed by Zhou Ming were really successful.

But later, when others also knew about this move and the news of subprime mortgages became more and more popular, this trick of borrowing real estate transactions was no longer enough, and they could only go back and develop real estate honestly.

Originally, things had nothing to do with Zhou Ming when things came to this point. Zhou Ming did not intend to go all the way in real estate finance.

This is because Zhou Ming did not intend to deepen his career in the real estate circle from the beginning, and he just wanted to have a quick in and out idea.

On the other hand, with the full entry of major financial institutions, their own advantages are gone, and if they continue, they will only be internal. So how can I, as an outsider, surpass these American locals? Anyway, I have a large CDS contract in my hands. Just wait for a good opportunity to sell and cash out. Why bother to end up?

Of course, there is another more important point, that is, Zhou Ming is preparing for his next plan.

If there are any industries that have developed wildly during the presidency of Walsh Jr., there are only two, one is real estate finance; the second is oil.

Needless to say, the current vigorous subprime mortgage situation in the United States and the CDS contract market have been well proved. Even Zhou Ming’s CDS contract has come to inquire for acquisition.

As for oil, it is even more exciting. Anyone who has experienced this era will still remember the crude oil futures frenzy of this era.

In the later generations before Zhou Ming's rebirth, international oil prices were very cheap, only 10 or 20 dollars, and even fell to overly negative prices for a while, which triggered a bankruptcy wave of a large number of shale oil companies in the United States, and also became the fuse that triggered a nationwide corporate debt crisis, forcing the Federal Reserve to rescue the market without limit.

But in the early years of the century, international oil prices were quite crazy, with a peak of more than 150 US dollars.

Since I finally reborn this time and have done the subprime mortgage crisis, how can I miss the oil futures now?

So Zhou Ming took advantage of the opportunity when Chen Shu was still in Dallas and began to slowly collect information with Chen Shu, and then discussed how to participate from a suitable angle.

After all, if you just operate the futures market simply, you will not only make less profits, but you will also have the risk of being cheated by the market makers. Zhou Ming cannot remember the trends of the crude oil futures market every day. Even if you remember, if the market makers fiddle behind their backs, the result will be different.

Zhou Mingke doesn't trust the group of financial speculators on Wall Street.

In this way, the best way is to be a dealer yourself, just like this real estate finance.

But the problem is that real estate finance borrowed the east wind from Walsh this time, so what about the next oil? Should I take the initiative to visit these oil giants in Texas?

However, what Zhou Ming did not expect was that just when he was worried, the boss behind him took the initiative to come to the door, and what Zhou Ming did not expect was that it was actually related to the CDS contract.
Chapter completed!