"Are you so sure that the US government will definitely save Freddie and Fannie Mai?" The question was Guo Ying. Although she has been in Europe for many years in recent years, relying on Xingmei's fashionable high-end skin care products and the full set of top-level physiological and technological care services provided by the Swiss Institute, her appearance not only does not have the mark of being eroded by time, but also seems to be several years younger than when she saw Yang Xing. Her skin is as tender as a baby. In addition, the charm of a mature woman brought by her high position in the middle Star Capital has attracted many young and rich blonde handsome men to pursue it in Europe.

But now she only has a string of shiny yellow diamond necklace decorations on her neck. The blood ruby, which is as big as a dove egg under the necklace, is jumping in the deep canyon between the two snow peaks, accompanied by the rubies at the top of the snow peaks, shaking out a series of magnificent curves, which is extremely charming.

A man under her body with a pale skin was wandering his big mouth on her delicate skin, chasing the three rubies, which made her moan and her white jade-like skin look pink. When Guo Ying burst out of passion, she kept moving under her body in order to divert her body, making her heart and soul jump out of the man's attention. She quickly asked the question above so that she could breathe a sigh of relief and continue to fight again.

The two of them are now extremely intimate. She sat naked in Yang Xing's arms, her fine white skin shining brightly in the sun. In line with her professional-level call, the other women sitting around Yang Xing and soaking in the hot spring pool were red-faced. She thought that Yang Xing favored Wang Yiren so much, and that there was something reasonable about the super mature women, Guo Ying and Tan Meichang. The level of men and women's affairs and the degree of relaxation are indeed beyond ordinary young girls.

The place where they soaked in hot springs is in Xiaotangshan, the outskirts of Beijing. This is where Yang Xing fought alone in the top ten sisters of the "*********" and left many beautiful memories. Yang Xing boasted about Haikou, saying that he wanted to build a hot spring villa here to open a harem so that the ten sisters could relive the dream. Now his subsidiary Xinghua Real Estate has long invested in the construction of a large hot spring therapy villa area in Xiaotangshan, and many of the core areas were left for the group's senior management. The largest and most luxurious one was naturally left for the boss Yang Xing. He pretended to be sick and closed to thank the guests during this period, and spent most of his time here.

The negotiations between Yang Xing and the Mellon family and other enemies did not expect to succeed at the beginning. Those people were too self-righteous and regarded their lives far more than others. How could they agree to Yang Xing give the murderer such harsh conditions in person? Yang Xing agreed to negotiate with them just to delay time and did not want to say anything at the beginning. But while threatening the enemy, be prepared for themselves. He was not vague at all. Since he wanted to threaten the safety of the enemy's family members, he had to protect his family first. In addition, the enemy is now joining forces to attack him to lead him out of China. So from June, most of his women have returned to the mainland for various reasons to "take vacation". Now many people are staying with him in the big villa of Xiaotangshan.

Xiaotangshan is located on the northern extension of the central axis with the Forbidden City as the core of the old city of Beijing. Since ancient times, the people have always called this central axis "dragon vein". Although it cannot stand the verification, it is the place closest to the capital with mountains, water, and hot springs and summer resorts. After the founding of the People's Republic of China, it has become a good place for the nobles of the capital to rest. All central ministries and military departments have set up sanatoriums here, and the hot spring villa of Yang Xing is not far from the famous Xiaotangshan Hospital.

This is also the reason why Yang Xing was relieved to live in seclusion here. During the epidemic in 2003, an epidemic prevention center was built in just 7 days. Although the building was empty, Xiaotangshan Hospital is still an important place for the military to recuperate. It is a key military control location. It is highly vigilant and has invisibly set a big obstacle for people who attempt to sneak into this place and want to be unfavorable to Yang Xing.

In addition, Yang Xing's influence in the central and military forces. As soon as he moved here, the surrounding security personnel reached the battalion level, most of them were soldiers, and a small number came from central security units. Not to mention that they were completely solid, they also reached the point where they could not fly. Moreover, they were close to the capital, and foreign forces were rampant. They did not dare to take risks and attack here with great fanfare. Since several tentative offensives were resolved by fierceness in the outer circle, Yang Xing's enemies could only sigh and stare at them.

Yang Xing's hot spring is completely adopted in the ancient Chinese garden style. There are only a few hot springs built on the middle of the courtyard, which are gurgling outwards. They are rebuilt with modern swimming pool technology. The outer wall of the largest swimming pool at the height is still completely transparent, which is used to satisfy Yang Xing's dirty wishes.

Now he hugged Guo Ying, Wang Yiren and others sat in a shallow pool under the transparent hot spring pool. When he looked up, he saw Natasha, Kajia, Morieva, and Yeterina swaying naked figures in the pool, like a few very tempting mermaids swimming privately. Thinking about watching the girl on the cover of the latest issue of Rolling Stone Magazine swim naked in front of him. This feels really the world, and this is the only one!

After receiving Guo Ying's question, Yang Xing also knew her intention, but he had just criticized Wang Yiren and Tan Meichang for a long time, and it took a lot of energy to satisfy them. He just took the opportunity to rest. Without pulling out the spear that had not yet softened, he retained Guo Ying's posture of sitting in the lotus, buried his face in Guo Ying's deep cleavage, and replied in a muffled voice, "It's very simple, because of the tbtf principle, the US government cannot watch the two houses fall down, and cannot bear the consequences of the collapse of the real estate industry."

tbtf is an economic term, meaning too big to fail. It means that when some companies with extremely large scale or key and important positions in the industry are on the verge of bankruptcy, the government cannot take it lightly, and even invest public funds to save them to avoid the huge chain reaction caused by the bankruptcy of those companies, causing more serious harm to the society as a whole. As for now, Freddie Mac and Fannie Mac are typical examples of tbtf.

Yang Xing explained to them that the US real estate market is different from that in China. Americans like to buy houses with loans. Even if they are able to pay in one lump sum, they will feel that the funds are occupied and choose to borrow money. However, unlike domestic loans that can only choose to buy houses, American home buyers can choose between mortgage companies, deposit and loan institutions, commercial banks, credit unions, and national and local housing credit institutions, and they can even carry out combination loans, with flexible loans.

Nowadays, real estate in the United States is very popular, and even ineligible home buyers are enthusiastically recruited by banks to buy houses, which is also the main reason for the current subprime mortgage crisis. But these real estate financial institutions are not angels. They know that many of the mortgage loans in their hands are problematic, so someone needs to help resolve the risks, and choose to package the mortgage loans and sell them to the secondary market. Two houses are the main competitors of the secondary market for mortgage loans.

Investors in the secondary market of real estate in the United States include two houses, various pension funds, insurance companies, securities dealers and other financial institutions. Two houses are the big players, and their main task is to provide lenders with a stable flow of mortgage loans. Two houses issue mortgage guarantees by assisting lenders in packaging mortgage loans into mortgage bonded securities and providing guarantees for the credit quality of these securities.

The second is to raise capital by selling debt securities to domestic and global investors, using these funds to purchase mortgage assets from lenders and public markets, and hold these mortgages as investments. In addition, it also provides financing support for lenders to develop apartment buildings and other rental housing, especially affordable rental housing. The three major businesses of two houses ensure the normal operation of the US real estate market.

Because of the identity of two houses, half official and half private, everyone thinks that the US government is their backstage. The total assets of the two houses have reached more than 2 trillion US dollars, and bonds are issued to the world. Because of the high risk of returns (investors believe that these bonds will be guaranteed by the US government), it is very popular. Many of China's foreign exchange reserves have bought two houses bonds. Now that the subprime mortgage crisis is beginning to emerge, I don't know how many financial institutions are involved. The mortgage securities in the two houses have undoubtedly become the most toxic and asset. The outside world just cannot determine how much. The stock prices and bonds of the two houses have plummeted like a high platform.

Wang Yiren and Tan Meichang were so stunning that they were closer to Yang Xing. Yang Xing suddenly saw white peaks on his face, which stimulated Guo Ying's spear to make Guo Ying's body shivering. Yang Xing used his heart and rushed to defeat the rouge horse on his body, while continuing to breathe: "Don't look at the United States' free economy all day long. Two houses are enterprises that cannot be collapsed. No one dares to let them go bankrupt. Now the market is turbulent, and the US government will not take action to rescue the market. Once news of the two houses is really a problem, it will be too late to remedy it. This is a major event involving the housing of millions of American families. They have to save the two houses!"

Guo Ying's skin was as red as a shrimp that had just been taken out of the pot. After a scream, she finally collapsed weakly. Yang Xing didn't give up. He turned over and pulled Wu Bei who had just entered the water into the arms. By the way, Wang Yiren and the others were also lying on the edge of the pool. Suddenly, several of them were in different shapes, but their plump and round buttocks were reflected in their eyes with water. Yang Xing only felt that his blood was boiling. He reached out and slapped it a few times without hesitation, enjoying the elasticity and softness of his fingers, and then drove into the harbor with a full spirit, and his hands also slid into the enthusiastic quiet place beside him.

Listening to the gentle and gentle chanting of the girls in his ears, Yang Xing shouted with enthusiasm: "Now you also feel that it is so important that you can't bear to fall. If the Americans can't stop, I can move forward to the next step!"...)
Chapter completed!