"It's too much, so you shouldn't do this when you make a show. Just go for a day or two and you can't make it a few months!" Rector Morgan was very depressed, feeling like he was hitting the air with one punch.

After all, Rector Morgan tried every means to prepare such a rich set meal for us, but Boss Jia didn't care about it at all, and he didn't even know about it, which was very uncomfortable.

"No, this must be Daqian's response strategy. I want to deal with it by pretending not to know!" Reckett Morgan found a reason for Daqian, but in fact this reason was a bit unreasonable.

After all, even if you pretend to ignore it, you should find a way to solve the problem. How can you deal with it like this?

After all, every day that Daqian is delayed now may lead to more serious losses.

More than a year has passed now, and more than half of Daqian's battery swap stations have not started construction at all. Are they not in a hurry?

Rector Morgan decided to increase the crackdown and let Daqian feel even greater pressure. At that time, he would not be afraid that Daqian and Jia Yapeng would not come out to deal with the crisis.

So at the beginning of August, various crises followed one after another, and even big news that the US Congress planned to ban electric vehicles again because of the huge protests in the domestic oil industry. Anyway, the overall situation was very bad for Daqian.

But at the same time, Rector Morgan also instructed that as long as Daqian takes action to solve the problem, don’t make things too difficult for the other party, and let the other party spend a month or two to solve the problem. Anyway, you can’t really let Daqian hero cut off his arm.

Rector Morgan carefully handled Daqian's affairs, but on August 8, Rector Morgan had to distract himself from dealing with other issues, that is, Freddie Mac and Fannie Mac announced almost at the same time that the company was in a state of inoperability and could go bankrupt at any time.

As early as July, Freddie and Fannie Mae released quarterly reports that both companies lost $70 billion, a total of $140 billion.

It is worthy of being the mortal rival of the two companies, and even the losses are exactly the same.

As soon as these two annual reports were released, Freddie Mac and Freddie Mac naturally fell into a state of plummeting stock prices. On August 8, the two companies announced that they could not maintain their operations normally, while the international credit rating agency directly adjusted the credibility of the two companies to the lowest point, and the stock prices of the two companies plummeted again.

In fact, Rector Morgan had foreseeed this incident for a long time, and even Rector Morgan pushed a little, but Rector Morgan's purpose was very simple, which was to use this crisis to short the stocks of Freddie and Freddie Mac, so that the Morgan consortium would make another big profit in the middle.

Of course, Rector Morgan also knew that this might cause a significant crisis to the US economy, but the same crisis has happened countless times before. Rector Morgan felt that at most it might be just a subprime mortgage crisis, and the interests of a small number of people were damaged. However, Rector Morgan himself did not expect how terrifying the crisis evolved.

Here, it is necessary to explain the origin of this subprime mortgage crisis.

There are two explanations for the subprime mortgage crisis. One is the meaning of secondary, which means inferior products. This is a loan with low credit and low debt repayment ability. The other is the meaning of secondary, which means inferior, which is the crisis caused by the secondary products of the loan.

Looking at the entire crisis outbreak process, these two explanations are reliable and include part of the crisis. These two explanations are the most complete explanation.

In the United States, consumer loans are very common, and the main loan that triggers the subprime mortgage crisis is housing loans.

Americans basically don’t buy a house in full, and they don’t have the money to buy a house in full, so they can only rely on loans to buy a house.

If you want to buy a house with a loan in China, the bank will definitely ask the home buyer to provide his own bank statements to prove that he is able to repay the home purchase loan every month. Providing a loan to such a home buyer is a high-quality loan, also called a high-level loan.

On the contrary, if a home buyer cannot provide enough bank statements, but the bank still feels that he may be able to repay the loan, so he approves the loan for him, then such a loan is called a subprime loan.

This corresponds to the first explanation.

Generally speaking, the issuance of subprime loans is very cautious. Banks must conduct a more comprehensive investigation of the lender, which does prove that the other party is likely to have money to repay the loan in the future.

However, with the beginning of 2000, the US economy began to improve continuously, and many loan companies found that as long as they could lend money, it would be a huge fortune.

Some people may find it strange. Didn’t Boss Jia trigger the Internet bubble crisis in 2000? Why did subprime loans become easier to sell?

This actually asked the point. First of all, the Internet crisis in 2000 mainly affected the Internet companies, and other real estate industries, especially the real estate industry, were not affected.

On the contrary, with the collapse of the Internet bubble, many people suddenly feel that the Internet industry is unreliable, and the physical industry is more reliable, especially real estate, which is even more reliable.

Therefore, investing in real estate has become the choice of many people. Whether they have money or not, everyone wants to buy a house, because if they buy a house, the house will inevitably appreciate. The profits brought by the appreciation of the house far exceed the interest on the loan. In this way, this is a transaction that is stable and profitable, so no matter the poor or the rich, they cannot refuse such a transaction.

Similarly, various lending institutions cannot refuse such transactions, and even form a rule in the stock market, that is, if a lending institution publishes high loan data... no matter whether the loan is a high-quality or a subprime loan, as long as the amount of money is taken out, the lending institution's stock will rise rapidly.

As a result, almost all lenders began to relax their investigations on subprime loans. In the later stage, many lenders simply stopped investigating. As long as someone wanted a loan, they would approve it immediately without hesitation.

Finally, after a while, many lending institutions began to attract people everywhere, and through various activities, distribution of products, etc., they took the initiative to invite various people to come to their institutions to borrow loans to buy houses.

There was a joke at that time that there were salesmen from three lending institutions competing for their abilities.

A salesperson brought in three people to apply for a loan within one day. Others were very surprised and asked him what he did. He said he brought in all his relatives who had never applied for a loan.

The second salesman expressed disdain because he brought in ten people to apply for loans, because he brought in all the people in his friends who had no houses.

But the real super-god is the third salesman. He brought 50 people to apply for loans in one day because he brought all the homeless people on the street.
Chapter completed!