Chapter 2247 The Subprime Mortgage Crisis Is Coming!

"What happened? Did their phones get a virus?"

Henry Paulson frowned and asked in confusion.

The participants in the room also looked at each other.

Why did everyone's phone ring at the same time?

However, some people looked down at the text message sent, or answered the call, and their faces changed immediately.

"Boss, come back soon!!! The two hedge funds of Bells and others have gone bankrupt, and its stock price is also continuing to fall, and it is very likely to fall to delisting!!!"

"Boss, members of our think tank analyzed that Bells and others are very likely to go bankrupt this time! And this is just the beginning. The real estate of Baguo is going to be finished, and the subprime mortgage crisis is coming. Don't hold your shitty meeting, and come back to China to find a way to deal with the subprime mortgage crisis!!!"

"Bells and others are in a particularly miserable situation. Some people are maliciously shorting them, but our country's economic experts analyze that whether Bells and others can be saved represents whether Baguo is willing and able to save real estate and prevent the outbreak of the subprime mortgage crisis!"

"The chain reaction has started! The overall market of Baguo's real estate fell by 20% today, an unprecedented high!!!"

"Boss, someone posted a lot of negative evidence about Baguo's real estate on the streaming media, and claimed that Baguo officials are the biggest liars. The subprime mortgage default rate has actually reached 45%! And this number is still rising!"

"..."

At the beginning, everyone was still in a meeting and just read text messages.

But after learning about the changes in Baguo Real Estate and Bears, no one cared about their so-called face anymore. They hurriedly answered the phone and made calls, frantically asking for details.

When they learned that Bears and other investment banks were facing bankruptcy crisis, they didn't even listen to the rest of the words. They left the meeting in a hurry as if their butts were on fire.

Henry Paulson was very embarrassed and immediately asked the host to stop him.

The host hurriedly picked up the microphone: "Everyone! Can you please wait until the meeting is over before leaving? Our meeting is very short and can be finished in 10 minutes!"

However, everyone was still leaving, and no one responded.

"Everyone, we are very happy to invite the head of the Hegemony Federal Reserve to come on stage to explain to everyone the real estate and economic trends in the next period of time, as well as the future plans of the Hegemony Federal Reserve..."

Originally, the head of the Hegemony Federal Reserve was the last to appear, announcing various practical policy benefits to stand up for Baguo Real Estate.

But looking at the current situation, if no one is invited to the stage, this economic forum will become a joke in the world.

The head of the Hegemony Federal Reserve urgently came on stage and began to speak.

Even so, it was completely impossible to save the situation.

As Chen Mo said, this meeting could not be held.

Within 5 minutes, except for the official people of the hegemonic country, and the people of the foundation and the hegemonic Federal Reserve, all left the scene.

Facing the empty venue, Henry Paulson wiped his face decadently and stood on the stage at a loss.

At this time, Chen Mo stood up and walked onto the stage, handing Henry Paulson a cigarette: "Smoke slowly, today may be the happiest day of your next few years."

Henry Paulson's mouth twitched.

Is this fucking human language?

But Chen Mo did not lie.

To say that Henry Paulson is indeed a great man.

Before becoming the Secretary of the Treasury, he was the CEO of Gaosheng. Under his leadership, Gaosheng once became the most profitable investment bank on Wall Street.

In his previous life, Henry Paulson ambitiously ran for the Secretary of the Treasury and wanted to make a name for himself, but the subprime mortgage crisis broke out during his tenure.

Although he took a series of measures to deal with the crisis, including promoting financial institutions to restructure their capital, improving the transparency of financial institutions, and strengthening financial supervision. He also worked closely with the heads of finance departments and central bank governors of other countries around the world to jointly formulate policies and measures to deal with the crisis.

However, it was useless.

The subprime mortgage crisis still hit the hegemonic economy and even the global economy hard.

Many financial institutions went bankrupt or closed down, and the stock market and real estate market also suffered a heavy blow.

Two years later, this buddy was fired in tears, and the whole person was a lot more vicissitudes, and no longer had the arrogance before.

According to his family, during the subprime mortgage crisis, he had to take a lot of sleeping pills and drink high-concentration whiskey every day to fall asleep because of excessive pressure. Later, he also suffered from severe bipolar disorder (which can be understood as severe depression plus severe anxiety).

The arrival of Bells and other moments is just the beginning of the outbreak of the subprime mortgage crisis.

So Chen Mo said that today is his happiest day in the past two years, and that is not nonsense at all.

"Mr. Chen, I have no grudges against you, right?" Henry Paulson said helplessly.

"I have no grudges against you, the Hegemony, or even the Foundation."

"It's just that unfortunately, we are in a competitive relationship.

Mr. Paulson, you must know that in our financial circle, "natural conflicts of interest" can arouse more hatred than the hatred of killing one's father.

We didn't even know each other before today, but we are already in a natural opposition relationship, the kind that will never end."

Chen Mo smiled faintly.

"You are passionately doing "anti-fraud propaganda" here, do you think it makes sense?" Henry laughed mockingly.

"It doesn't make sense. "Anti-fraud propaganda" is meaningless to Wall Street and the Hegemony."

"The entire Wall Street, the entire top management of the hegemonic financial system, one by one, are all liars."

"The financial system is not stupid, they only care about profits, not truth or falsehood. They took advantage of the dream of countless ordinary people to buy a house and live a comfortable life, and made a lot of money. After the truth was revealed, they threw all the consequences to ordinary people."

"This is the cruel truth of this world."

After Chen Mo finished speaking, he smiled and patted Henry on the shoulder, like an old friend for many years, but left the forum with a smile, leaving only a chic and long shadow.

Henry Paulson knew that the hegemonic economic forum hosted by him this year had completely become a joke.

However, this kind of news that would have made headlines all over the world in normal times, but today, strangely, no one paid attention to it.

The reason is simple!

The stock price of Bears and others is falling wildly! ! !

The two hedge funds under Bears and others have gone bankrupt, and it was also revealed that 90% of the loan business under its name is subprime loans!

And the default rate of Bears and others' subprime loan business has reached 70%! ! !

In this situation, even a fool can see that Bears and others are likely to go bankrupt!

If it is finished, what about other banks and investment banks?

You know, countless banks are now mainly engaged in subprime loans! ! !

Once Bears, the fifth-ranked investment bank, is finished, it will be equivalent to announcing that the subprime mortgage crisis is about to break out! ! !

After returning to the office.

Chen Mo stared at the stock prices of Bears and other investment banks that were still falling, and coldly issued an order:

"Short all! Pull it directly!!!"