Chapter 607 muddy the water

"cheers!"

  In the internal restaurant, Zhong Shi is eating with his employees. The sumptuous lunch and intoxicating red wine made everyone's heart flutter in Tianyu Fund. During this period, because most of the funds were withdrawn from the capital market, the work of researchers became extremely easy, and they even had time to play short-term futures operations with traders.

   "Zhong Sheng, where do you think the US subprime mortgage crisis has developed so far?" Ma Jiarui asked drunkenly, "Or, is this crisis coming to an end?"

  Over the past few years, Ma Jiarui has gradually retreated to the second line because of his health and the amount of wealth he has accumulated enough to worry about in the second half of his life. He is no longer in charge of the first line of business, and his sensitivity to the market is not as good as before.

Before Zhong Shi could speak, Ren Ruowei on the side rushed to answer: "Ma Sheng, you are indeed old. Don't you know that Leimen brothers have also fallen into a liquidity crisis recently? Besides, Zhong Zhong Sheng will never let go of such an opportunity, right, Zhong Sheng?"

  Ren Ruowei became the investment director as he wished. Although he shared this position with Ma Jiarui, he is in charge of the more important European and American markets, so his research and opinions on this issue are very thorough.

  He was one of the few people involved in Bell Stearns' short-selling of Bear Stearns from beginning to end.

   "Wait a minute, take a call!"

   Just as Zhong Shi nodded slightly, ready to add a few words, the phone rang. He pleaded guilty to the two, went to the corner and connected the phone.

"Mr. Zhong, according to the information I just received, tomorrow, Moody's will adjust the credit ratings of Fannie Mae and Freddie Mac!" A slightly hoarse voice sounded, with a strong northeast American accent, "In addition , there is another undetermined news, the issue of the 'two rooms' has been submitted to Paulson's desk, maybe the finance minister is discussing the matter of taking over the 'two rooms'."

   "Okay, I see!" Zhong Shi rolled his eyes a few times quickly, his expression became serious, "How serious is the problem?"

   "Very serious!" The voice was silent for a moment before giving such an answer, but added in the next moment, "Very serious, it is very likely to be explosive."

   "Has there been any movement from Brother Leimen recently?" Zhong Shi asked again.

"I don't know about this." There was a sense of helplessness in the speaking voice, "Irene Karen hasn't disclosed information to me for a long time, I think she may be under the internal monitoring of Leimen Brothers, and she has no access to the most secret Things. According to my analysis, maybe it's not too far before she leaves."

  Zhong Shi's heart tightened, and the other party actually revealed the whistleblower inside Leimen Brothers. He would never have revealed the identity of the other party if it was still possible to reveal the news, but now that he has said it calmly, it proves that the line within Leimen Brothers is about to be interrupted.

  Irene Karen has nothing to do with Zhong Shi, and she is not a commercial spy, she is just a pure financial officer. During the confrontation with David Einhorn, she realized that Leimen Brothers had many internal problems, but these problems were not disclosed truthfully by the senior management of Leimen Brothers. With a strong professional ethics, she chose to disclose the information anonymously.

   It's just that she didn't expect that the contents of these revelations were resold by the reporters to other people. Of course, the journalists did not violate professional ethics, and they still faithfully published relevant content in the newspaper. It's just that there are always some people in this world who know the truth far earlier than the public.

   Zhongshi is one of these people.

  As early as a year ago, the public relations team of Tianyu Fund began to secretly contact reporters from the American financial circles, and Zhong Shi was personally responsible for this matter. Including "New York Times", "Wall Street Journal", "The Economist", and even Bloomberg have their eyeliners, and these reporters can ensure that Tianyu Fund is informed of relevant financial information as soon as possible. Of course, Tianyu Fund also paid millions of dollars for this.

  The news that Leimen Brothers intends to raise funds from South Korea was revealed to Zhong Shi by a reporter from the Wall Street Journal, which made him have to divert to Seoul on the way back to Hong Kong.

   "However, I heard another rumor, but I haven't confirmed its authenticity!" The voice became hesitant, as if he was worried about something, "It is said that Leimen Brothers are still not giving up, and they are still in contact with South Korea."

Presumably he knew about Zhongshi’s appearance in South Korea, and he could also guess why Zhongshi went to South Korea, but now the South Korean side has continued to contact the Leimen Brothers, although he is not clear about what happened between them. But it is clear that Zhong Shi's trip to South Korea did not achieve the expected results, and now he is obviously slapping Zhong Shi in the face.

  Hanging up the phone silently, Zhong Shi's heart was filled with raging anger. However, he is also very clear that it is impossible for the South Korean side to simply listen to a few words of his own, even if he is a major shareholder. After thinking for a moment in his heart, he finally controlled this anger.

   "Zhong Sheng, what happened?"

   Ma Jiarui, who had been observing this side, came over and asked in a low voice. He saw that Zhong Shi's expression had been changing ever since he answered the phone, and he knew something must have happened.

   "It's okay." Zhong Shi forced a smile, then walked out quickly, explaining as he walked, "I need to make a phone call."

  The person who received the call this time was an analyst from Rayman Brothers who specialized in the real estate market, named Matt Grewitt. As a senior real estate analyst, Matt is well-known in the circle of real estate analysts. But Matt didn't betray himself, he just maintained a good relationship with Tianyu Fund.

   "Matt, I'm Zhong!" Zhong Shi first opened his mouth to reveal his identity, "I heard some news, I wonder if you are interested?"

Matt Grewitt was sleeping soundly at the moment, but he woke up as soon as he received Zhong Shi's call. It was his honor to have Zhong Shi call himself, "Oh, Mr. Zhong from Tianyu Fund? , Sir, I really didn't expect it would be you, it's a great honor." He said indiscriminately as he dressed in a panic.

   Regarding his reaction, Zhong Shi could only choose to remain silent, but Matt quickly reacted and asked quickly: "Sir, sir, you just said that there is news, what is it?"

"The huge losses of 'F&F' may involve a financial crisis. It is reported that the US government may raise the core capital ratio of 'F&F', and they are facing a shortfall of tens of billions of dollars." Zhong Shi did not panic He said, "'F&F' is very likely to declare bankruptcy, if the government really does that!"

"what?"

  Matt Grewitt trembled, and the phone fell to the ground, but he quickly picked it up, but fortunately, it was still in the call state, "Sir, is this true? Where did you get this news?"

"Is it really important where the news came from?" Zhong Shi chuckled, disdainful of the other party's reaction, "What matters is whether the news is true. In addition, I can tell you one more news, just Tomorrow, the rating agency will lower the credit rating of 'Fair and Fang'."

   Speaking of this, Zhong Shi deliberately paused, and then said meaningfully: "Bankruptcy, maybe tomorrow. Who can say for sure? Matt."

   "What do you need me to do?"

  Hearing this, Matt Grewitt somewhat understood that there has never been a free lunch falling from the sky in this world, so since the other party told him such an important news, he must pay something behind it.

   Talking to smart people saves effort, Zhong Shi thought silently in his heart. "Actually, you don't need to do too much. Just publish a public research report before the market opens tomorrow. In the name of Leimen Brothers, you can publish a research report on the 'two rooms'!" , A smile appeared on Zhong Shi's face.

"Yes." Matt Grewitt could hardly believe his ears, and after a moment of silence, he replied decisively, "Of course, there is absolutely no problem." Soon he continued to ask: "As long as Do I need to do this?"

  In his view, this is obviously not a reciprocal thing. What the other party revealed to him was a big secret involving tens of billions of dollars in transactions, and he only needed to rush through a public research report overnight, so it was impossible to draw an equal sign between the two.

   "Yes, that's all!" Zhong Shi finally laughed out loud, "Remember, this report must be published in the name of the Leimen Brothers Research Department."

  Although he didn't know why, Matt Grewitt wisely stopped asking. He knew very well that even if he asked again, the other party would not be able to answer. However, if he can publish such a research report that will obviously cause a sensation in the market, it will be a great benefit to his own career, so he has no reason to refuse Zhong Shi's request. So after hanging up the phone, he returned to his office without stopping.

  After arranging all this, Zhong Shi called Jiang Shan over and gave instructions in a low voice, and then returned to the restaurant with a smile on his face. Looking at the ignorant crowd, Zhong Shi felt quite emotional: Just inadvertently, another major event that caught the world's attention happened in this world.

   "Gentlemen, please be quiet!"

   Knocked on the plate, the audience fell silent. Zhong Shi nodded in satisfaction and said, "There is an urgent situation now, and I need you to get busy."

   "What's the matter?" Ma Jiarui frowned immediately. Seeing Zhong Shi returning with a smile on his face, he thought that the matter had been resolved satisfactorily, but so far, it seems that this is not the case.

  Similarly, Ren Ruowei's face became serious, and he found that Jiang Shan, the follower next to Zhong Shi, disappeared at some point.

"Evaluate the impact of Fannie Mae and Freddie Mac on the U.S. market in the event of bankruptcy!" Zhong Shi said calmly after seeing everyone's eyes looking in this direction, "Based on this assessment In terms of impact, will the U.S. government allow this bankruptcy to happen? If they choose to bail out, what will happen?"

  …

   At 6:30 on July 10th, US Eastern Time, a research report from Raymond Brothers completely broke the tranquility of the early morning in Manhattan. In this report, the analyst said that due to several quarters of losses, the core capital ratio of the "two rooms" has approached the warning line, and there are rumors in the market that the president and his aides are discussing to increase the core capital of the "two rooms" In order to correct the mistake made by the previous government in letting the “F&F” enter the high-risk housing loan field. The combination of the two pieces of news leads to a shocking conclusion: Fannie Mae and Freddie Mac, the two giants in the US real estate industry, are very likely to go bankrupt.

  In the bright sunshine of the morning, this shocking news spread as quickly as a virus, and soon spread to every corner of the world. To make matters worse, at 9 o'clock shortly after the news came out, the rating agency Moody's officially issued a statement announcing that it would downgrade Fannie Mae and Freddie Mac's AAA grades to AA grades. In the statement, Moody's also stated that if the financial situation further deteriorates, it does not rule out the possibility of lowering the credit rating again in the short term.

  The market suddenly exploded!

   Thank you book friends for letting me think about it, book friends 150523211653937 for voting monthly! Thank you for your support, I hope you all enjoy reading books, and I hope everything will be fine~

  

  

  (end of this chapter)