hingly large!
Because it was too big, Lehman was naturally worried, so it launched “collateralized debt obligations”. The reason why these companies felt that people would not default was because there had not been a large-scale nationwide housing price boom in the United States since the 1920s. fell, so a default rate of about three percent was estimated.
Unexpectedly, when the bubble burst, more than three people defaulted, and as many as ten people defaulted. They felt that the depreciation in house prices was too much of a loss, so they refused to pay the loan. Insurance companies and banks needed to pay compensation for the defaulted part!
This also has a lot to do with what banks do. Because there are insurance companies backing them, banks are not afraid of customers with poor credit defaulting. The insurance companies will lose money anyway. In the end, they became jealous of the profits of these insurance companies and participated in it themselves. It can be said that they have dug a hole for themselves. More than 20% of borrowers do not actually have the basic conditions for stable repayment.
Therefore, after the bubble burst in the previous life, Lehman Brothers unexpectedly owed more than 60 billion U.S. dollars and fell directly into bankruptcy.
Han Xuan was afraid of betting against ordinary investors because their mentality and practices could not be understood, but doing business with Wall Street investors made him feel more relaxed. After developing for more than half a century, these people have formed a certain Some thinking inertia.
The Internet bubble evaporated about three to five trillion U.S. dollars of global wealth. He pocketed more than 200 billion U.S. dollars one after another. This does not include the current value of the stock itself. Although it is constantly depreciating, the bubble has just begun. Less than a month after the collapse, their depreciation is limited.
The market size of subprime mortgages is much larger than that of the Internet industry. After all, it is an old real estate industry and cannot be compared with the emerging Internet industry. As long as you seize the opportunity, this is also an opportunity to make a lot of money, so Han Xuan came here. , preparing to meet with Lehman Brothers executives.
Sitting in the helicopter, Han Xuan looked at the paraglider in the distance, recalling the scene when he jumped out of the sky, or to be precise, after he was pushed out of the plane by Gabriel. The wind was strong and the scenery was beautiful. After more than ten seconds during the fall, After the umbrella opened, it floated in the sky for another six or seven minutes. It would definitely feel better if there wasn’t someone tied behind my back.
Han Xuan was fine, but Ji Suk Jin was not only ugly, he was so scared that he peed his pants, and finally forced a smile to face the camera. It can be said that he was risking his life to steal the spotlight
. On the night of the 30th.
The beauty of New York can only be appreciated at night. The buildin