Among so many short positions, Ye Dongqing's Tamsui Investment Group and hedge fund department are the main forces.

They started preparing since yesterday. Just when Ye Dongqing, the boss, was preparing to become the world economic savior, they borrowed more stocks from the three major credit rating companies and sold them to cash out as much as possible, waiting for the market to panic.

If it is other things, such as insider trading, tax evasion, etc., it will be over if you turn a blind eye. But this time some people are a little bit greedy, such as several credit rating companies that are willing to destroy their reputation in order to make money, such as subprime lending institutions that fall into their eyes.

Isn’t anyone here seeing the potential risks except Ye Dongqing?

Of course not. For example, commercial banks that provide subprime housing loan business do not stupidly wait for users to pay off their loans for a long time, but choose to package these subprime loan contracts, ask credit rating agencies to give them high ratings and then resell them to other investors. While passing on the risks, they can also make a profit from them.

Because there is no shortage of buyers, these financial institutions that provide subprime loan business no longer strictly review the qualifications of lenders as before. Even street girls with extremely unstable income can buy several houses in New York. Such subprime loan contracts are marked as high ratings and bought by other institutions. They are getting bigger and bigger like cancer, and have reached a point that Ye Dongqing feels very dangerous, with a scale of over trillions of dollars.

If the economic crisis is brewing in the end like in the previous life, the culprits are still rich, while the average middle-class person may lose everything. This makes Ye Dongqing thinks it is necessary to help them, and to help them with the world economy that has finally improved. The different status and the perspectives of looking at problems have become different. If it were before, he would not bother with such bad things.

...

New York.

The per capita GDP is about to exceed US$100,000. One-tenth of the world's top 500 companies is headquartered here, and one-third of the United States' top 500 companies will be headquartered in Manhattan.

Nearly 6,000 tall buildings, filled with cars on the street, jointly create a brilliant night view of the metropolis.

Ye Dongqing was born here and was already used to all this. She was sitting in the car and left at the door of the Waldorf Assistant Hotel.

What he wanted to say was already said, and it would be boring to stay there. Before leaving, someone asked someone to send a message to the old Jew who spent 500,000 US dollars. There was only a simple "es", which was considered to affirm the next trend of the Nasdaq Internet sector and answered the questions raised by the other party before.

Before I got home, I turned to a hamburger restaurant. I had eaten it once before and I liked it very much. It went bankrupt in 2016, but I still have seen many dead people "resurrected" and many changes. More than two years have passed. He knew how to deal with this feeling of disconnection between memory and reality. He bought more than ten hamburgers and distributed them to the bodyguards. He finished eating in the store before continuing to set off.

If it was last year, he might have lived in Puchuan Building occasionally, but now there is a baby at home, and he can't help but worry if he can't see it...

If you choose to go to the center of the public opinion storm, there must be trouble.

If you just talk at the seminar and don’t follow up further, you will probably turn big things into small things and small things into small things. There are so many vested interests in the subprime mortgage industry chain, and your strength will be good after being tied into a rope.

Since Ye Dongqing decided to disclose this kind of news, of course he had already figured out the trick. When he made his remarks, there were several media people at the scene, including the Wall Street Journal, the New York Times, and the Los Angeles Times. They were all those who had a good relationship with him on weekdays. When encountering such big news, they would most likely be exposed.

Even if they encounter resistance, it doesn't matter, because a bodyguard has already recorded the video and was uploaded to outube that night and contacted people from several TV stations to follow up, and they will never be wiped out.

All the follow-ups have been thought about. Ye Dongqing is shorting these credit rating agencies, trying to make money, and at the same time, he can create an image that makes money. Although it is easy to attract people to hold grudges, at least it will not be more hated than deliberately making trouble. If you blame them for being too unintentional and being caught in the little tail.

The scandal was fermenting rapidly. On that day, many well-known editors called to inquire about the specific situation, gave replies one by one, and conveyed their attitude. The next morning, when the newspaper was delivered to people, it instantly caused a sensation on Wall Street!

Subprime mortgage assets, which are held by most Wall Street companies, knowing that only a small part of the ratings are inflated, they now feel like they are holding some time bomb.

If the market had not been closed on Saturday, today's subprime mortgage trading market would have been in chaos, and in addition, those credit rating institutions would have suffered.

The storm is coming.

Ye Dongqing opened a corner of the curtain, but on Saturday, she was like an outsider. She got up on time at 7 o'clock, then finished exercising and ate breakfast, read newspapers while eating, and kept her laptop at hand, discussing the development of Taobao with Jack Ma through a video chat program.

Perhaps because he heard that Tencent will be listed on Nasdaq this year, Jack Ma was a little anxious and asked about the specific procedures and possibilities of listing on Nasdaq.

The reason why Tencent went public so early was mainly to force ih Group to cash out profits and then take the opportunity to expand its shareholding. He would not tell others about this little plan, but just said that he would wait for a while. The top priority is to continue to expand its market share. In fact, these shares are almost all from Taobao, with few decent competitors, and they are almost fucked.

On Tencent, the current e-commerce business has just started. The first logistics warehouse has been built in Pengcheng. It will take two months to officially start use.

After dealing with the conversation, Ye Dongqing was almost full, so she went upstairs to walk around with her newly showered child, and after teasing, she went on a horse for a walk, enjoying the rare and comfortable weather. It just snowed a few days ago, and the temperature rose today, and it would probably drop again, so before spring really comes, it is better to take the opportunity to enjoy it first.

One phone call after another, most of them are asking about subprime mortgages. No one pays attention to the life and death of credit rating companies. What really affects their interests is the subprime mortgage contracts. They originally thought they were high-yield and stable assets that could last for a long time, but suddenly they found that there were huge risks and hidden dangers. It would be strange if they were not worried.

I felt annoyed when I replied too much, so I took off my phone batteries and put them back into my down jacket pocket, thinking about whether I should go to a warm island for a while.

I was thinking about my children at the end of last year, and I didn’t have the time to travel during the Christmas holiday...
Chapter completed!