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559 The first domino of subprime mortgages (4k)

 Qingming, cloudy but no rain.

Thick smoke filled the air in front of the grave, a gust of wind blew past, and a cloud of paper ashes flew out of the pile of burning paper money.

"Cough cough, cough cough."

Zeng Yu was coughing continuously due to the smoke, and glanced at Lu Fei from the corner of his eye. He didn't have the opportunity to speak to her last night, so he took this opportunity to get closer:

"Well, um, can I call you Brother Lu?"

"Okay, call me whatever you like."

Lu Fei smiled and said, "As long as you don't reveal my relationship with your sister."

"No, no, I'm very tight-lipped."

Zeng Yu still feels incredible, "Hey, I really didn't expect that my sister's boyfriend would be you."

The corner of Lu Fei's mouth curled up slightly, "At the dinner table yesterday, I heard your sister say that you are a top student majoring in computer science?"

"Yeah, yeah."

Zeng Yu nodded like a chicken pecking at rice, his eyes gleaming with admiration, and applied for the computer science examination. He was completely guided by Lu Fei's various slogans of "struggle for the rejuvenation of China" and "China Internet overtakes around the corner". Unexpectedly, from then on, C

Language from entry-level to entry-level.

She started chatting and said excitedly: "Many classmates and teachers in our department are your fans!"

"What about you?" Lu Fei smiled.

"I am Brother Lu's biggest fan!"

What Zeng Yu said was both exaggerated and cute.

“Ever thought about what you would do after college?”

Lu Fei said: "If you need help, don't be polite."

"Really!?"

Zeng Yu's eyes lit up, and the logical artificial intelligence laboratory immediately came to mind, but he quickly calmed down, "Hey, Brother Lu, are you trying to bribe me?"

"You are such a clever little kid."

Lu Fei looked sideways: "Congratulations, you got the answer right."

Zeng Yu clenched her fists: "Forget it, I don't need to be bribed. I fully support you in marrying my sister unconditionally!"

Lu Fei was surprised and did not force himself. He exchanged contact information with each other and saw her saving the number and asking:

"But Brother Lu, I'm curious about something. It's said in the news that Sister Yuanyuan is your girlfriend. Is it true?"

"Xiaoyu, can you ask such a question?"

Zeng Li didn't expect to hear such a blinding question just after she came here, but she didn't want to be stopped by Lu Fei:

"What do you think?"

Zeng Yu looked at the close relationship between them and whispered: "Did you deliberately release the smoke bomb to ask Sister Yuanyuan to cover you and your sister?"

Lu Fei and Zeng Li looked at each other and burst into laughter.

Zeng Yu blushed: "I, did I guess wrong?"

Lu Fei smiled from ear to ear: "No, no, you are indeed a top student. You are really a genius. You can imagine this."

"Is that true!?" Zeng Yu was pleasantly surprised.

"Children should not get involved in adult matters."

Zeng Li rolled her eyes angrily and forcibly changed the subject: "A Fei, Mom asked me to ask you to burn incense together." Then she glanced at the aggrieved Zeng Yu: "There is still you, why don't you go quickly."

Watching her pouting and leaving, Lu Fei thought about how to save the country by taking down his sister-in-law first, and then his mother-in-law.

At this moment, the cell phone rang at an inappropriate time.

The call came, and it was John Paulson.

His tone was anxious, and his first sentence was -

Lu, New World Company filed for bankruptcy protection!

The second-largest subprime mortgage company in the United States, which revealed serious losses in February, finally announced that it still had $8.2 billion in debt that it could not repay and filed for bankruptcy after being pressed for payment by Wall Street giants.

All of a sudden, the whole United States exploded!

Whether it is the elite or the public, they have always thought that New Century Company only suffered losses and could not fail just because it said it would.

However, reality slapped them hard in the face.

Amid the uproar, people's belief in real estate and the myth of undefeated real estate were finally shaken.

But Wall Street did not allow this belief to collapse and decisively drove the media to either blame New Century's management for poor management or blame the Federal Reserve for raising interest rates.

In short, it is not the subprime mortgage crisis that Lu Fei, John Paulson and others are talking about. It is impossible, absolutely impossible!

Singing the praises of subprime mortgages, but capital is very honest and withdraws funds one after another. Panic is also spreading rapidly among the American people who are burdened with credit card loans, P2P, and subprime mortgages.

"boom!"

A bearded fund manager jumped from the roof of the building and hit the Honda impartially. The car's skin was as brittle as paper and was dented in, and blood spilled out bit by bit.

As for whether life is unsatisfactory, I don't know.

Car sirens blared one after another, passers-by screamed, and many people even joined in the fun and swarmed up.

"vomit."

Zeng Li couldn't help feeling nauseous, and moved her gaze elsewhere. She saw angry people all over the street shouting, "A Fei, what's going on?"

"New York is Gotham, Gotham is New York."

Lu Fei took her into his arms and said, "Look at these high-rise buildings, 9 of the 10 buildings were obtained by fraud. It depends on whether he is the liar or the one who was deceived."

"Where is the other building?" Zeng Li blinked.

"Of course I robbed it, this is America."

Lu Fei asked Wang Ben to speed up to avoid being blocked by the parade.

After a while, the group quickly arrived at a luxury apartment near New York University, rented specifically in Zeng Li's name.

After settling in and resting, Lu Fei took Zeng Li to visit the campus of New York University. Vice President Jeffrey Raymond personally accompanied him. With a smile on his face, he enthusiastically introduced the acting school and course arrangements.

There are even one-on-one specialized English speaking training classes.

After all, you can't rely solely on dubbing to make a career in Hollywood.

"Aren't they too polite to us?"

Zeng Li took Lu Fei's arm and felt the overly enthusiastic eyes of the acting school professor and instructor, as if she were seeing gold.

"You're welcome, I'll give you the money!"

Lu Fei pouted, he had donated 15 million US dollars to New York University in real money, which was enough to buy his children an admission spot at an Ivy League university.

But it's different from Pan Shiyi and the others.

Mr. Lu’s biggest purpose of spending money is to cooperate with industry, academia and research, multi-touch, sliding unlocking and other technologies to develop and develop, and now they are working together to overcome the technical problem of “fingerprint unlocking”.

In the Research Center of the School of Engineering on campus, there is a laboratory called "a·Lu", named after Lu Fei.

Ken Perlin, who is both the deputy director of the laboratory and the vice president of R&D in Newark, enthusiastically introduced a transparent sensor that uses a new pressure-sensitive ink and thinner metal wire, which is fully suitable for more sensitive and cheaper

touch screen.

The screen is neither a small cup nor a medium cup.

But a big cup!

It is enough to allow the Kindle equipped with a resistive ink screen to have IPDA-level silky touch operations.

Lu Fei didn't understand it at all, but he was really shocked.

Anyway, I feel that the money spent is not in vain!

The logic team I work for also specially listed a timetable, 3 months for the image processing and pattern recognition algorithm of fingerprint recognition, 6 months for the fingerprint sensor equipment, and the subsequent time is to continuously polish the fingerprint unlocking function of the mobile phone.

.

It will take about one to one and a half years to build the construction machine.

"Lu, Apple has been applying to visit the laboratory, but without your permission, we have not agreed to them."

Jeffrey Ramon narrowed his eyes into a thin line.

The corners of Lu Fei's mouth raised, "Very good, I won't be as stupid as Xerox and let a thief enter my laboratory to steal things."

Jeffrey Raymond understood what he meant, "Cook personally approached us and hoped to invest in the investment laboratory."

"Haha, it's urgent, it's urgent."

Lu Fei was so proud that he didn't blame Jobs for not being impatient.

The patent barriers formed by slide unlock, multi-touch and capacitive touch screens are not so easy to break through.

"In a hurry, Apple offered very attractive conditions and poached many key personnel from the laboratory," Kenpelin reported.

"Really?" Lu Fei frowned.

"Yes, it is."

Jeffrey Raymond smiled awkwardly but politely: "But those people have signed non-competition agreements and confidentiality agreements."

Lu Fei touched his chin and said, "Tell Cook for me that if you want to cooperate, that's fine. Let Steve Jobs come and talk to me."

After walking around for a while, Zeng Li followed him silently, feeling a sense of pride that was beyond recognition.

Leave the laboratory and go through the admission procedures.

I happened to bump into a reporter who came after hearing the news on the road. He had a press card from the New York Times hanging around his neck, and he asked about Apple's Maga2G.

"The sales volume of iPhone 3G to date is as high as 21 million units, accounting for about 2% of the world's sales."

Lu Fei said: "Excuse me, what is the sales volume of Apple?"

"1.66 million units." The reporter added: "Mainly, Apple is only sold in North America and has not flowed into Europe and Asia."

"Then wait and see when Apple will be distributed globally and we will talk about it. I believe Cook has the ability to do it!"

Lu Fei took the opportunity to promote his own products: "But I'm afraid that logic will run too fast and Apple won't be able to catch up, because iPhone is just our first step towards smartphones. I think the research and development of mobile phones is already on the right track."

On the road, and at this year’s press conference, we will definitely let everyone see the charm of smartphones.”

The reporter immediately asked about the time of the press conference.

"Haha, after the premiere of the "Iron Man" movie."

Lu Fei shook Zeng Li's hand tightly.

"Wow!"

The reporter asked: "So will there be any news about the Android Open Alliance? As far as I know, the members of the alliance have grown to 11. What are the next steps?"

"It's not convenient for me to answer that."

Lu Fei smiled and said: "I can only say that the Android Open Alliance will definitely appear at the press conference, and I am absolutely convinced that Android will have a place in the future mobile phone system field!"

The reporter was quite satisfied that this information was enough.

Enough to write a piece of news that provokes confrontation with Apple.

At the end of the interview, with the mentality of coming here, I asked about the bankruptcy of New Century Company, and also talked about the plummeting stock prices of giants such as Lehman, Bear Stearns, and Goldman Sachs, and asked the "God of Investment" Mr. Lu.

view.

Lu Fei faced the camera, blinked, and said half-jokingly:

"Don't panic, it's just a technical adjustment."

The thought of revenge was aroused again, and he said meaningfully: "Especially to Bear Stearns and Lehman, I wish them a smooth landing."

"Why does this sound so awkward?"

The reporter couldn't help but curse in his heart. When he wanted to ask further questions, Lu Fei refused to give him the chance and gave him a weird evil smile.

The next day, the "New York Times" published Lu Fei's news in the technology section and the financial section one after another, which immediately attracted countless attention.

The Chinese mainland has come to the United States again?

Will they take advantage of the bankruptcy of New Century Company to short-sell subprime mortgages to the end?

Oh my god, Mr. Lu, don’t come over!

The first thing to react was the ABX index. As soon as the market opened, it fell below 40 points in a market atmosphere full of grief.

Hedge funds like Greenlight Capital, with only a few hundred million or more, all followed John Paulson's lead and joined the short-selling camp.

If you have funds, start customizing or buying CDS like crazy.

Even the bulls who previously speculated on the real estate bubble have turned their guns and turned short-sellers. The craze for buying MBS and CDOs was quickly replaced by the craze for buying CDS.

But Wall Street investment banks and insurance companies are not fools. How could they bet against CDS at this time? As a result, Paulson Hedge Fund and Trisolaris Fund, which hold large short positions and CDS, suddenly became the focus of everyone's attention.

Fragrant pastry.

One call after another, the company's landline phone was busy.

"These people are frugal, cheating and buying stocks, hoping to get rich instantly. They have no idea who the real winners are!"

John Paulson stood upstairs, looking downstairs.

"Of course it's us, cheers."

Lu Fei raised his wine glass high and toasted from afar.

"cheers!"

John Paulson tilted his neck back and drank it all in one gulp.

Until this moment, I was finally able to vent my grievances that I had been holding for more than a year: "Now the chain of suspicion will only get longer and longer, starting from questioning subprime mortgage products, then questioning the unhealthy asset structure of companies related to subprime mortgages, and finally

If you don’t trust the entire financial system, then the subprime crisis will, boom, explode.”

"So we must throw away all the CDS we have before the third stage. I think we can throw out the first batch now." Lu Fei shook the whiskey in his hand.

"Lu, you are right."

John Paulson readily agreed: "If Lehman and others fail, these CDS will become a pile of waste paper that cannot be cashed out. How do you think we should sell them?"

"Aren't there many people who want to treat us to dinner? Eat!"

Lu Fei smiled and said: "Listen to their quotation first."

"Do you also accept those who are against you?"

John Paulson was surprised: "Including Richard?"

When Lu Fei heard the name of Lehman President, he snapped his fingers.

"Aren't some friends just for use? If this person is no longer of use to you, just kick him away. When you need him, bring him back. If we all have a meal together, aren't we friends again?

Already?"

"So you want to be friends with Lehman and the others again?"

John Paulson warned: "Beware of their scams."

"Can they play it?"

"I don't think they can fool us anymore."

"Really? Then let's study how to trick them!"

"Wait a minute, wait a minute, I can't keep up with your thinking. Do you still want to make peace with Lehman and the others?"

"How can it be!"

Lu Fei smiled coldly, "You should take a look at the first draft of "The Big Short" I gave you. Richard, the 'bulldog', is the villain. Lehman went bankrupt and was kicked out. It sounds so good to your ears."

"Then you still want to have dinner with him and become friends again?"

John Paulson is completely incomprehensible.

Lu Fei smiled as evilly as he could, "If you don't become friends again, how can you make him relax his vigilance? If you don't relax your vigilance, how can you get around to his back and give him a righteous backstab!"

"Fake, Lu, are you really not a Jew?"

John Paulson was immediately horrified. He originally wanted to say "neon man", but realized it was too insulting and quickly changed his words.

"Hey, Aimu Kaizi!"

Lu Fei touched the red tie on his chest, it was extremely bright.


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