Volume Three High Officials _ Chapter 1286 Grievance No. 3
"No, that's not true. In order to expand domestic demand, the American government provides housing financing to help people buy houses. Although it is a privately held company, it enjoys the privilege of an implicit government guarantee. The government shouldn't just sit back and watch them go bankrupt, right?"
Yang Qianxi shook her head, not quite agreeing with Hu Fei's opinion. Although Hu Fei was her man, her personal opinion did not mean that she would blindly follow him, at least in business matters.
She is also a successful businessman. In the eyes of businessmen, as long as there is a government guarantee for any business activity, there will be big problems. After all, the government is here.
"Qianxi, you are too naive."
Hu Fei shook his head, "The explosive growth of real estate in the United States in recent years. With loose monetary policy and accelerated innovation in asset securitization and financial derivatives, the scale of implicit guarantees has rapidly expanded to more than 4 trillion US dollars. This is still
It’s just Freddie Mac and Fannie Mae Liang Family Enterprises.”
"The reason why it expanded to such a big size is mainly because the quality of assets was ignored in order to expand and develop the business."
"There is also the abuse of financial derivatives, which encourages speculation."
After taking a sip of coffee, Hu Fei sighed, "Do you know how the two rooms operate?"
"Well, I know a little bit."
Yang Qianxi nodded, "They purchase illiquid loans from commercial banks and mortgage companies, convert them into bonds through asset securitization and sell them on the market, attracting investment banks and other financial institutions to buy them. Investment banks use their best
Financial engineering technology is used to divide, package, combine and sell them.”
"This is the common practice in the financial industry, and our company is also exploring this path."
“This is indeed a good way to get financing in one go.”
Hu Fei nodded, "However, everything must be done in a controlled manner. As long as it is not excessive, it is not a big problem. The problem is that they have gone too far now. Do you know how many times the assets will be multiplied in this process? The initial piece of
Loans of money can be magnified into financial derivatives worth more than ten yuan or even dozens of yuan."
"This approach is equivalent to stretching the chain of financial transactions very long. However, this chain is too long. The final result is that no one cares about the true basic value of these financial products. Everyone only knows how to buy them crazily.
Buying and buying, coupled with the promotion of their country’s monetary policy and the reduction of bank interest rates from 6.5% to 1%, prompted more ordinary people to join in.”
"Qianxi, you should also know how terrible the crisis will be once everyone goes crazy. Moreover, the tenth largest mortgage service provider in the United States, American Residential Mortgage Investment Company, filed for bankruptcy in September.
Protected."
Thinking of that crazy scene, Yang Qianxi shuddered subconsciously.
"No, our company also holds shares of Lehman Brothers."
Yang Qianxi was startled.
"Then clear it as soon as possible, otherwise, once the crisis breaks out, the losses will be huge."
Hu Fei shook his head.
"That's not okay. I can't make the decision on my own. Otherwise, I'll call Hua Ziqian and ask for his opinion."
With that said, Yang Qianxi got up and entered the house. After a while, she walked out with her mobile phone, "Ziqian, Hu Fei suggested that I sell Lehman shares."
Yang Qianxi did not make any detours and went straight to the point.
"Hu Fei, if this guy doesn't serve as his deputy mayor properly, why does he get involved in finance again?"
A chuckle sounded from the phone.
"Zi Qian, he came to Shencheng for inspection. He is at my house."
Hua Ziqian knew about the relationship between the two, so Yang Qianxi did not hide it from him.
"Oh, he's in Shenzhen. Ask him to answer the phone."
"Hello Ziqian, long time no see."
Hu Fei took the call and laughed into the phone, "By the way, has your skin gotten tanned?"
"Now I am almost like a local. When I come back and see people from China, I feel a little inferior."
Hua Ziqian's laughter sounded from the phone.
"You're back?"
Hu Fei was stunned when he heard this.
"Of course, that's all as long as things are arranged. You can't let me stay in that damn place all the time. It's better for you to lie at home and wait to count the money. Then your family will know how to exploit me."
A complaining voice came from the phone.
"No, we can't let a delicate girl like Qianxi go bask in the sun."
Hu Fei laughed and said, "You are back just in time. Let's have dinner together tomorrow night."
"Then let's do it tomorrow night. I really don't have time today. There is a cocktail party tonight, and I wasn't really willing to go."
"I'll wait for your call."
Hu Fei didn't bother with Hua Ziqian and hung up the phone directly. He had already talked about their company's investment and Shenzhen City Government's shares. Besides, not exercising in bed during such a beautiful time would be a waste of a good time.
"Come on, let's go to bed and exercise."
Hu Fei threw away his cell phone, lazily picked up Yang Qianxi and rushed into the bedroom, where the battle started again.
After the battle, the two hugged each other and slept until about four o'clock in the afternoon, when Hu Fei got up from the bed at Yang Qianxi's urging.
Yang Qianxi dressed up carefully. Today was the first time that she and Hu Fei were going to see him. Of course, she had to dress herself up beautifully.
While the two were still on the road, Hu Fei received a call from Tian Ming asking where he was. When he learned that Hu Fei was on the way, Tian Ming directly told Hu Fei the location of the dinner and hung up the phone.
"Brother, it seems you are quite aggrieved."
Yang Qianxi chuckled, "The Grand Holiday Hotel is just the top reception hotel of the municipal government. Really important guests will not be entertained here."
"This is normal. The gap between us and the Shenzhen City Government is too big."
Hu Fei chuckled and stuffed his phone into his pocket.
"Mayor, I'm sorry, we're late. Let me introduce you. This is my cousin Yang Qianxi."
When Hu Fei rushed to the hotel, Tian Ming and the others had already arrived. After some pleasantries, the group entered the private room under the guidance of the deputy secretary-general of the municipal government.
The deputy secretary-general of Shencheng said that Liu Furun had just gone to meet an important guest and would be arriving soon.
Tian Ming said with a smile that it didn't matter, he had disturbed the leaders of Shencheng. However, Hu Fei could still see that Tian Ming was unhappy. Maybe Tian Ming regretted his decision to come to Shencheng for inspection. If he had gone to another place, he would not have suffered this kind of
Wronged.
However, now that I'm here, I can only keep my grievances in my heart.
A group of people entered the room, and the deputy secretary-general of Shencheng started to organize themselves.
"What kind of job does Miss Yang do?"
Tian Ming chatted with Yang Qianxi all the time.
"Doing finance."
Yang Qianxi smiled sweetly and said, "Mayor Tian please take good care of me in the future."
"Mayor Tian, Mr. Yang is a well-known strong woman in our deep city."
Liu Chen, the deputy secretary-general of Shencheng City, entered the room. Of course he recognized Yang Qianxi at a glance. He had just gone out to call Zhao Furun for an excuse. Although Zhao Liu Furun was said to be on the same level as Tian Ming, he was the top leader of the Wuling Municipal Government after all. That was too much.
It's not good to be lazy.
Moreover, what surprised Liu Chen was that Yang Qianxi actually came to attend the dinner.