At this time, there was no negative news about Fannie and Freddie Group, and Xiaobu Shi also believed that Fannie and Freddie Group would definitely not have any problems. In his opinion, with two giant real estate groups here, there will be no major problems in the U.S. real estate market.
The presidents of Fannie and Freddie Group are here. They are important participants in the Xiao Bu Shi housing project. It is even because of this plan that Fannie and Freddie Group quickly became a giant.
As these two companies developed, they naturally did not forget to give back. They are among the top government sponsors in the United States and are also private companies.
After hearing Xiao Bu Shi's request, the presidents of Fannie and Freddie Group looked at each other.
"Mr. President, this matter is not easy to handle. You asked us to take over those real estate finance companies that are on the verge of bankruptcy. That means you want us to buy their mortgage loans."
"Many of the mortgage loans of those companies are already bad debts. If we buy them, we will be the ones who lose money. Now the company is still profitable. What if the company's profits decrease or even lose money because of this?"
The income of the presidents of both companies is linked to the company's profits. If profits are good, their annual revenue can theoretically reach $20 million. If the profit situation is poor, according to the contract, they will not even get ten million US dollars, and will lose half of it.
They are just CEOs, to put it bluntly, they are high-level wage earners. They work at Fannie and Freddie Group just for money.
Bu Shi asked them to help. It was not that they couldn't help, but this seriously damaged their personal interests.
Xiao Bushi quickly said: "How can there be a loss? You don't know that the Federal Reserve has cut interest rates. Looking back, I will find a way to let the Federal Reserve continue to cut interest rates, so that many people can afford to repay their loans. And I will also adopt a series of plans, Let those people repay the money as soon as possible.”
"You helped me, and you also helped the Congress. We will not forget this matter, and we will definitely make some policy inclines to ensure your profits."
Xiaobu Shi's statement did not confuse the two CEOs of Fannie and Freddie Group. In the United States, there are different classes based on different incomes. The poor can't make money here, so they can still go to the middle class to make money.
During the Internet bubble, the financial scandal of Fannie and Freddie Group broke out, which caused their status to drop a lot. It was also at that time that the former presidents of the two companies were forced to resign, and they had a chance to take over.
If they can allow Fannie and Freddie to regain their transcendent status, then their income will definitely increase a lot again, which will also be of unparalleled benefit to them personally.
Both CEOs also knew that house prices in the United States had begun to fall at this time, and their profits in the first quarter were not satisfactory. Without political help, they are likely to lose money in the second quarter.
So they actually want to get closer to the government again so that they can make money again with the help of the government's policies. Otherwise, the income of these two executives will not only never reach the peak of 20 million US dollars, but may even be less than 5 million US dollars, and they may even be forced to resign.
The two discussed it and agreed to Xiaobu Shi's request, but they still needed to negotiate on how to implement it. To put it bluntly, it depends on how sincere the political ax can be.
The president of Fannie and Freddie Group left, and Xiaobu Shi's people knocked on the door and came in, telling them some results of the preliminary investigation.
It is said that these news were deliberately leaked to the media by someone, but the specific person is not yet known. Those who broke the news were so hard to find.
But they have another way, which is to see whose interests are best served by these news reports. Even if this person didn't break the news, he must be the earliest insider!
At this time, real estate prices had hit rock bottom. They discovered that many people had borrowed a lot of money when real estate prices were at their highest, including many real estate tycoons.
But it doesn’t seem right to say that these people did it. If things get serious, they will also go bankrupt. Unless they can use the money to make more money, but no one has made a lot of money.
Then there is the second situation, where someone makes a profit in the financial market.
They began to check and found that many people had sold real estate-related stocks today, and the person leading these sales turned out to be a certain state-owned asset in China.
However, they discovered that China's state-owned assets have been selling stocks in the U.S. stock market since the New Year this year. It is said that China needs a large amount of money.
So maybe it's just a coincidence that they dumped real estate-related stocks.
The important thing is that they don't want to believe that China has a better sense of smell than the United States and can know the news in advance. In the inherent impression of many of them, people in China are not very good at finance and are decades behind them. Even if it has developed rapidly in recent years, it is still more than ten years behind, right
Soon they discovered that many large transactions in selling real estate-related stocks actually came from Xiangjiang.
Xiangjiang seems to be from China too, right? Although it talks about one country and two systems, it must have a great impact.
Could it be that this matter was really done by the Chinese? Does China have such talents? Many top managers of large companies don't have this kind of economic sense.
Next, they discovered another thing, that is, it seemed that people from Russia were involved in this matter.
"President, after our analysis, it is very likely that this matter was caused by one person. And you must know this person, that is Feng Yu."
"Who? Feng Yu? That Chinese? The richest man in the world?" Xiaobu Shi's eyes widened.
"Yes, our analysis is him. Needless to say, his status in China. And he also has many investments in Xiangjiang, including Fengyu Consulting, a top financial investment company. In Russia, it should be Kirilenko is the richest man in Europe and one of the top ten richest people in the world. He is also a good friend of Feng Yu. The two were friends before they became rich!"
"It is possible for funds from China to participate, funds from Xiangjiang to participate, funds from Russia to participate, and there are so many news channels in the United States. After much thought, Feng Yu is the most suitable. It is not impossible for others, but Feng Yu Yu is the most likely!"
"Don't forget, the Internet bubble back then was caused by the WorldCom and Enron scandals uncovered by Feng Yu. What's the difference between this time and that time?"
Is it Feng Yu again? !
The last Internet bubble suffered a heavy blow to Xiaobu Shi. When Internet technology was booming, Colinton took all the benefits and honors, leaving him to clean up the last mess.
This time, he finally used real estate to stimulate the domestic economy. Is Feng Yu going to cause trouble again
No, we must not let Feng Yu succeed!
… (To be continued.)