24: Subprime Mortgage Crisis(1/2)
Washington in October has a pleasant climate and a bright scenery.
Bankers and financial representatives from all over the world gather here.
Herman squatted on the curb of the International Financial Association Center building, secretly sucking his teeth and muttered in a low voice: "If an airplane or tank rushes in, then this will look good!"
Today, the International Financial Association Center seems to have become the most eye-catching place in the United States.
Various luxury cars continued to gather towards this street, and gorgeously dressed bankers were surrounded by bodyguards around them, walking towards the luxurious International Financial Association Center building behind them.
The police and traffic police on this street kept walking around, making Herman, who was bored on the side of the road, feel a little dizzy.
The International Finance Association, as the name suggests, is an industry association organized by a group of bankers. This association was originally established to deal with the ever-expanding debt crisis in Latin American countries in the early 1980s.
At first, Herman came into contact with him when he was just released from prison. Herman had not noticed the banking association at first, but when Herman first established the United Bank of Arizona, representatives of the financial association immediately contacted Herman.
It was not until then that Herman officially began to learn about the International Finance Association.
The association's members come from 40 countries around the world, including all major commercial banks and financial investment institutions in the world, as well as asset management companies, pension funds, rating agencies and insurance companies, etc., with a total of more than 400.
"Tsk, I didn't expect that the geese were pecked by the geese all day long, and I was stolen by the thief!" Herman squatted on the curb with a cigarette in one hand, and kept clasping his nostrils with no bossy style and chatting there without any bossy demeanor.
Whether it was a reporter or a paparazzi around him, he saw Herman walking away around Herman in this posture.
I don’t know if it was Herman’s illusion, but there were even several policemen around him staring at him with a look of alertness.
Just as everyone was walking towards the International Financial Conference Center building one after another ~
A bright and golden luxury business car is heading towards the IFC Center Building.
The moment the car appeared, it attracted the attention of all the media around and participants. Some reporters even shouted directly when they saw the business car appear: "Fan Zhilian, chairman of HSBC Holding Group, also came in person!"
Heman, who heard the noise, looked over the crowd that kept gathering: "Ha! He is really a human being. He is worthy of being the candidate for the president of this International Finance Association. The movement of this appearance is indeed different!"
A reporter standing next to Hermann heard Hermann's words and did not look around, but deliberately touched his pocket. When he found that the cigarette in his pocket had been smoked, the reporter squatted in front of Hermann with a smile and gestured to Hermann.
After seeing this "men all understand" action, Herman took out a cigarette from his pocket and handed it over!
"Good smoke!"
"Oh! It's still hand-rolled, I'm getting cheaper with you brother!"
“Hahaha~”
The reporter took Herman's cigarette first, put it under his nose and sucked it hard, and said with emotion: "I have never smoked this kind of hand cigarette since I returned to the United States!"
"This kind of hand-coiled cigarette is very popular in Africa. What is the name of that cigarette factory? "
"Browny's hand-coiled cigarette!" Hermann heard the reporter next to him unable to say a word for a long time, so he directly picked up his words.
"Yes, yes! It's easy to draw!"
Herman turned his head and glanced at the words of the reporter beside him, and looked at the work permit on his chest with interest.
"Time Weekly! Yes, isn't Time Weekly generally invited reporters? Why are you wandering around at the door alone?"
"Help! Who is the serious and capable person who comes so early?"
"Besides, it's useless to sit in the front! The serious big shots have their special reporters invited to interview. I, a resident reporter who just got transferred from Zambia, didn't have the chance to interview those big shots."
While looking at Fan Zhilian, who had just got off the bus with a large group of people not far away, Heman chatted with the reporter next to him.
The reporter next to him saw Herman showing that he was very interested in Fan Zhilian.
He said directly and indifferently: "Are you interested in HSBC? Are you an Asian journalist? FBI? Latin American bodyguard?"
When Herman heard the reporter beside him say that none of the professions matched him, he smiled and asked back: "Can I be like a banker?"
The reporter was not surprised at all when he heard Herman's words, and said, "It's like it, but I guess you are just a banker who has already been broken!"
"Under the subprime mortgage crisis, even Citibank lost $5 billion in the first quarter. How many bankers can have a good life?"
"Hey! Brother, my name is Jack Morgan! Get to know you, if you become a big shot in the future, remember to accept my interview."
Herman was surprised to hear Jack Morgan's name at first, and looked at him a few times.
Jack Morgan was not surprised by Herman's eyes, but said in disgust: "Although my surname is Morgan, I don't have the fate of Morgan!"
Herman smiled after hearing Jack Morgan's joke, and then looked at Fan Zhilian not far away.
Because just now another big shot was present, and the big shot ran to Fan Zhilian as soon as he got off the car.
When Jack Morgan saw that Herman didn't seem to know the British man, he directly reported the person's identity: "Anthony Jenkin, CEO of Barclays Capital in the UK, I guess he can come here in person this time, on the one hand, on the one hand, on the one hand, to establish a good relationship with the Federal Reserve, and on the other hand, to stand up for Fan Zhilian!"
"If you want to have a good relationship with them, I advise you not to do this, it is undoubtedly a waste of effort!"
"Although this subprime mortgage crisis seems miserable from the outside, anyone who understands it knows! There are many people who make a lot of money by making a lot of money through this subprime mortgage crisis, and many banks have secretly made a lot of money by relying on the Fed's capital injection and interest rate cuts."
Herman turned his head and looked at Jack Morgan beside him, who looked "Everyone is drunk and he is awake alone". Herman suppressed the smile on his lips and asked: "It seems that you have a different view on this subprime mortgage crisis?"
"Well! Since the Fed's first injecting capital into the financial system, it means that this financial crisis must be a global crisis."
"The beginning of this crisis began with the overall deterioration of the US property market indicators. As for the end, it seems that the dawn is still far from us!"
Just when Jack Morgan was talking very well beside him, Herman suddenly had an illusion that he had encountered a character named "Keyboard Warrior" in his later generations.
Although this "keyboard man" has many things to say, he doesn't know the core of the incident.
And Herman had an illusion that Jack Morgan must have recognized him. After all, even British investment institutions can know people, Herman didn't believe that he didn't know him.
Just when Herman was still hesitating, the reporter of Time magazine suddenly said: "If you are a banker about to go bankrupt, you might as well go to the United Bank of Arizona, which is the only one that protects yourself and has not been affected during this subprime mortgage crisis."
Herman almost took off his shoes when he heard Jack Morgan's words and threw them into Jack Morgan's face.
Because the reporter opposite was "playing with pigs and eating tigers", and the tiger was still Heman himself, and Heman vaguely knew what this person was going to say next.
"Since its inception, this bank has been based on precious metal trading and custody services, and then developed its own Internet commercial accident insurance business."
"What is most admirable is that the founder of this bank is still a Chinese! "
"If you talk about it seriously, this Chinese is still my idol~"
After hearing this, Herman couldn't help but twitch twice, just as Herman was about to say something to interrupt him.
Jack Morgan said enthusiastically: "He has been constantly weakening his own loan business since 2003. By 2005, Arizona United Bank's loan business was basically resold to Citibank."
"It seems that this boss has already encountered the situation today."
"And at that time he began the industrial transformation path that belongs to Netflix Group itself. I have to say..."
pia~
Herman's shoes were directly on the back of Jack Morgan's head: "I don't know if you are embarrassed, but I am really embarrassed!"
"Tell me, what's the matter!"
Jack Morgan first raised the reporter's certificate in his hand to the police around him and signaled that he had nothing to do.
Jack then stood in front of Herman with a happy look and said sneakily: "Mr. Herman, hahahaha, forgive me for pretending not to know you, but these are all for reasons."
"I just explained to you that I had just been transferred from Africa and I didn't know a big man, but I happened to see your invitation to interview on our director's desk!"
"I will take the initiative to follow this task!"
Herman looked at Jack Morgan, who was completely different next to him, and felt a little emotional. He didn't want to reject this person in his heart: "You know, Forbes, Times, I usually dislike these things, and I originally refused today's meeting. If the president of Goldman Sachs came to invite me in person, I wouldn't have come."
Jack Morgan seemed to be prepared for Herman's words. He first took out a [entry and exit certificate] from his pocket that originally belonged to Herman and carefully placed it in Herman's arms.
"Although I have no money, no power, no connections now, I just experienced a fight with four thieves, and only helped you snatch your wallet back. I wonder if you are like the rumors, and you will always respond to your good friends."
Herman looked at the entry and exit certificate that was originally stolen by the thief and the wallet that was still in Jack Morgan's arms and laughed out loud: "As a matter of fact, none of the reporters who can stay in Zambia are less sensible!"
When Jack Morgan heard Herman's words, he quickly stuffed the wallet in his hand into Herman's top pocket: "I knew Mr. Herman could promise me!"
"The interview is OK, but the cover will not be available. I have one thing to deal with at the end of the year. I don't want to show off!" Herman pointed to his skin color and pointed to the people around him and explained.
“So when can I start?”
"Just now!"
"Now?"
"Yes, now! You didn't say just now. The bankers in it were not the biggest beneficiaries of this incident, and the biggest beneficiaries of this incident were squatting in front of you. Why don't you seize the opportunity?"
When Jack Morgan heard Herman's words, he took out his cell phone and started calling on his colleagues who had entered the venue without any hesitation.
At first, Jack Morgan's movement did not attract anyone else, because there were many people at the entrance of the International Financial Association building to be interviewed by reporters, but as more and more reporters gathered around Herman, the movement around Herman became increasingly louder.
Many people gradually know one thing, that is, [CEO, president of Arizona United Bank, personally accepted an exclusive interview with Time magazine].
If it was said that Herman was interviewed before the subprime mortgage crisis, it might not be possible for her to be interviewed, but as the subprime mortgage crisis grew, the market value of Arizona United Bank rose instead of falling, resulting in Herman's position in the financial industry being gradually "godified".
And all Wall Street elites know that just when all fund managers and financial practitioners are busy borrowing money and running away, only professional managers from the investment and financing department of Arizona United Bank are busy buying stocks on major exchanges around the world!
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Times magazine's exclusive interview with Herman was very simple, with no cameras, no luxurious seats, and no beautiful women in a fragrant car.
Some were just the radio and a camera in Jack Morgan's hand, and the police around him pulled out one cordon after another.
After hearing the news about Herman, the bankers who had already sat in the International Financial Association building moved towards the door with excitement.
[Dear Mr. Herman, as an old friend, I want to ask you a few questions. I don’t know if I can do it?]
Herman looked at Jack Morgan across the street and deliberately highlighted his personal relationship with him in the interview.
To be continued...