"It's like a domino steak. Once one of the dominoes falls, a series of chain reactions will cause the entire building to collapse."
"Once Li Jin continues to short-sell the subprime mortgage market, then subprime loan products will become worthless, and those subprime loan companies that borrow bank interest will face pressure on principal and interest."
"The collapse in loan product prices will directly affect the value assessment of housing credit by banks and subprime lending companies."
"Once its value drops, housing prices will collapse. Once housing prices collapse, people will find that the market value of the houses they buy is far less than the loan they need to repay to the bank, so a large-scale wave of supply cuts will come."
“When large-scale defaults occur, banks and subprime loan companies will be unable to recover the principal and interest lent, which will lead to the continued depreciation of subprime credit loan products.”
"The more it depreciates, the less people buy it. The more people don't buy it, the more it depreciates."
"This is an endless cycle."
Greenspan's tone became more and more serious. He walked towards the door of the office and said: "I must go to Washington immediately. You can participate in the video conference there on my behalf."
Janet quickly asked: "But if they ask for help, what will I say?"
"Let them find ways to save themselves. Before getting authorization from Washington, neither I nor Hamilton can help them. Capital matters must be solved with capital."
After Greenspan said these words, he left the office directly.
Janet sighed helplessly, turned to look at the window where Greenspan had been standing before, and saw that outside the window, there was already a downpour.
The heavy rain has already started.
But at this time, Li Jin, who had just had supper and was about to take a break during the half hour of secondary market transaction settlement, received an unexpected guest.
From the command room to his office, Li Jin saw two tall white men waiting in the reception area.
"Hello, Mr. Li, I am Welling, the Asia Pacific President of Forbes Magazine."
The leading man stood up politely and sent the photo to Li Jin with a smile on his face.
Li Jin took the photo with a smile and glanced at Wei Ling, his eyes meaningful.
In his previous life and when he was reborn in this life, Li Jin often fantasized about when he would be on the Forbes rich list.
But now, this opportunity has really come, and the president of the Asia-Pacific region came to visit in person, but Li Jin, whose horizons and knowledge have broadened countless times, only feels that it is boring.
"That's it, Mr. Li, this year's global rich list will be updated soon. After our inspection and calculation, you have become the richest man in China with a net worth of US$46.7 billion, and you are ranked ninth in the global rich list.
Bit."
Welling said directly.
Li Jin said with a smile: "I haven't even calculated how much my assets are, but you calculated it so clearly?"
Welling said helplessly: "Because Jinqing Company itself is not listed on the market, we cannot estimate your exact net worth."
"But what is certain is that once you list Jinqing Company, your net worth will skyrocket at least 10 times, which is very likely to make you directly become the first Chinese richest man in the world."
Raising his hand to stop Wei Ling's words, Li Jin raised two fingers and said, "Two million, take me off this pig-killing list."
From Li Jin's point of view, the so-called Forbes rich list is actually a bright and clear pig-killing list.
Although with his current relationship with the government, it is unlikely that he will become a pig to be killed, and there is nothing illegal about Jin Qing's own business.
But the key point is that Li Jin will do international and global business in the future.
Although in some respects, the title of China's richest man can make it easier for him to deal with foreigners, in the eyes of foreign officials, it is easier for him to get into unnecessary trouble because of this title.