Chapter 422: The plan can't keep up with the changes, all kinds of accidents
Andy sat on the bed, looking at the "experts" on the LCD TV opposite the wall with a funny look, and couldn't help but sneer. They were experts in real estate after all, and of course they knew what the bankruptcy protection application of New Century Financial Company meant.
"What's wrong? Dear."
Andy felt her back was squeezed by two peaks, and a pair of jade arms were entangled from behind. Her plump body made people think of her charm.
He patted the jade hand that caressed his chest, looked at the rosy and beautiful face that was close to him, and chuckled: "It's nothing, I just saw a group of clowns funny. By the way, New Century Financial Company, the second largest subprime mortgage company in the United States, applied for bankruptcy protection just now, and the subprime mortgage crisis caused by the collapse of the real estate began to break out."
Ivana's teasing movements on Andy's neck were completely still, and her originally lazy and charming sleeping face disappeared completely. Andy obviously felt her delicate body tremble, and she looked back at her vivid face with a funny look.
"Don't be stupid..."
Andy was overturned by Ivana and was overwhelmed on the bed, and she was willing to cater to her passionate kiss. Well, now Ivana was a little crazy. In addition to tenderness, she looked at Andy, but also infinite admiration, especially after Andy said the basis for shorting cds and do this time.
Even if Ivana wants to be with Andy again, the troubles that P Group has to face in this deteriorating form cannot be controlled by her.
The rolled-up golden hair made her look mature. She had a long-sleeved chiffon shirt with a black round neck collar on the shoulder blades, a pair of black slim-shaped trousers, a pair of platinum diamond flower earrings, a rectangular three-dimensional handbag in her hand, and walked out of the apartment door with a happy and sweet smile on her face.
Huh, even though the bodyguards reacted quickly, the two were surrounded by reporters.
"Mr. Smith, I am a reporter from the Wall Street Journal. What do you think of the real estate content reported by its two newspapers..."
"I am a reporter for the New York Times..."...
Looking at the chaotic scene in front of him, Andy hugged Ivana in his arms, and slowly moved forward with the bodyguards pushing him hard. Seeing more than a dozen reporters running towards him from the underground parking lot of the apartment, he couldn't help but feel a headache for the group of people chasing and blocking them.
After pondering for a while, he stopped, raised his left hand high, and shouted, "I only answered three questions..."
There was another messy question on the scene. Andy looked down at Ivana who was looking at her tenderly with a look of tenderness. He held her tightly in his arms, looked around for a week, and said coldly: "Just the Wall Street Journal question just now, I heard this question clearly."
The scene was noisy and quiet. Various recording pens, recorders and microphones were tried to pass through the bodyguards and approached Andy's mouth by their respective owners.
"I am aware of the news about real estate in the two newspapers. Although the content of the report is not exclusive, after all, people have been constantly warning about the problem of the real estate bubble since the beginning of last year. The outstanding employees of the two newspapers worked tirelessly to collect first-hand information from all over the United States. After reading it, I was also very surprised. I think these situations must be known to the American people.
We do not make any concluding judgments and give the power of judgment to everyone. We only provide detailed data and reports on various real situations. I can guarantee that all data and photos are verified and true and credible!"
"There is news that Mr. Smith, you bought a huge amount of insurance. Are there any other purposes for today's two reports?"
Andy glanced at the reporter who asked the first question with a very terrifying corner of his mouth, and a chuckled disdainful chuckled, "We only report the facts! As for what you said about me buying CDO insurance, it was the suggestion of my investment and financial management team. It was the last month's incident. I don't know what you meant by asking this, but what I want to say is that the huge amount of funds in your eyes is not what I see, but is it a lot of 200 million?"
Everyone present was confused by Andy's plain expression, calm tone and domineering words, "Is it a lot of two hundred million? Is it a lot of two hundred million?"
I don’t know who reacted first, and asked loudly in the gap that everyone was shocked by Andy’s squad, “Mr. Smith, will the real estate bubble burst really cause an economic crisis as mentioned in the report?”
"I don't know what the report you are talking about, and I don't know if it will cause an economic crisis, but I can tell you that this is just the beginning. New Century Company is not the first subprime mortgage company to file for bankruptcy protection, nor will it be the last one..."
Andy hugged Ivana tightly and rushed to the car as the bodyguards drove the way. Andy first protected Ivana and got in the car, and he followed closely behind, closed the car door, and looked at the reporters who were even more crazy outside, knocking on the car window.
Andy looked at Ivana helplessly and smiled bitterly: "It seems that we will be annoyed in the next period of time."
"Gee..." Ivana just held Andy's arm tightly and giggled.
In fact, Andy was also helpless. He didn't want to show off. Who wouldn't want to make a fortune in silence? But it's not a secret that he bought CDO insurance. You can tell if you ask a little bit of information. It has been revealed on TV. Andy can only use the purchase of CDO insurance to cover up his short-selling behavior of holding huge DS bond positions in the investment company. After all, this is the top priority of his speculation this time.
The problem is that even this news is enough to cause a sensation now, and you can even imagine how people would call him, "crazy gambler."
The development of some things will not be transferred by personal will. Andy made a fortune in a quiet voice. When he decided to lift the cover of real estate collapse, it had changed. All he could do now is to cover up the action of shorting DS bonds.
Sitting in the office, Andy watched the two cell phones and the phone in the office ringing constantly, and couldn't help but smile and pinch his temples. It was really the beginning of all kinds of troubles!
What Andy didn't expect was that after just one day, except for people talking about his big bet on the collapse of real estate and the words "Is it a lot of 200 million?", more reporters were like smelling bloody wild dogs, and investigated the do insurance purchasers in the entire market through various channels.
After a check, Andy's 200 million dollar do insurance became a foil. Soros' nephew, Soros himself, and Michael Bry, the fund manager who invented this do-bet insurance, and several fund companies became the targets of major newspapers' rush to report.
Especially the emergence of the financial tycoon George Soros made things even more noisy and chaotic. Michael Bry, the inventor of CDO gambling insurance who was ridiculed by Wall Street for a whole year, became the darling of the media, from a joke to a genius, and those who joked about him lived in panic all day long in the shadow of being cut off, which made people sigh at the impermanence of the world.
Andy looked at the newspaper in his hand and couldn't smile bitterly. Could it be that he was willing to plant flowers but not bloom, and he was unwilling to plant willows and willows to form shade? Well, maybe these people would hate him, but he doesn't care. Do has begun to fall now, which means that the do gambling insurance in his hand has begun to make profits, and the one who really wants to cry is Deutsche Bank.
Andy hasn't gone out much these two days, and it's a mess outside, especially Wall Street, which is wailing. As the second largest subprime mortgage financial company in the United States, it has cut half of its employees in the new century, which undoubtedly completely enveloped Wall Street.
Every day, small and medium-sized mortgage agencies go bankrupt. More and more default properties are piled up in banks. Loans have become bad debts and bad debts. They still refuse to admit defeat and cover the cover. The three major rating agencies have not lowered their ratings on CDS. Major real estate companies are still unable to shout about pale lies that are just short-term adjustments.
As soon as the news of the U.S. existing home sales fell by 8.4% in March, Dow Jones, Standard & Poor’s and Nasdaq fell.
Chapter completed!