America, New York, inside one of the most exclusive clubs.

The sun was shining brightly outside, there was laughter, and the ladies and celebrities were laughing happily. However, Fannie Mae's CEO Krist and Freddie Mac's CEO Tommy were sitting in a small room drinking coffee with livid faces.

"Tommy, tell me what to do? The Chinese bully others too much!" After drinking the third cup of coffee, the anger on Kuster's face couldn't help but burst out, "This is already five days ago.

Within a month, their 58th proposal was made, and this time it was even more exaggerated, saying it was basically an ultimatum! Bah!"

Tommy looked at the angry Kuster, but said nothing.

He knew very well, how could a cunning and cunning person like Kuster be so easily angry?

This is Kester's deliberate attempt to provoke himself and make himself stand out.

But then again, the Chinese people are really tough this time, and they have always been committed to it, which makes it very difficult for me to handle it.

It is certainly a big deal that the presidents of the two giants of American residential mortgage companies can watch and discuss things here.

The reason is that China's State Investment Corporation has been applying for "time-limited delivery bonds" since August. The amount of the application is exactly all the US$376 billion in Fannie Mae and Freddie Mac bonds they hold.

.

The various bonds issued by Fannie Mae and Freddie Mac amount to more than 5.3 trillion U.S. dollars, accounting for 14% of the total U.S. bond market, but this does not mean that they have so much money.

In fact, most of this money flows into major financial institutions and government financial departments in the United States, and they are just middlemen.

But even if they have money, they are unwilling to give China State Investment Corporation's US$376 billion in bonds.

Neither financial giants nor government departments would be allowed to withdraw so much money at once.

What's more, the U.S. bond market is now like a tight thread. If it is known that China State Investment Corporation has limited delivery of bonds, it will easily cause an avalanche - a bond market worth tens of trillions of dollars. Once it collapses, it will

No one dares to imagine what it would be like.

Many times in the beginning, due to strong reasons, Fannie Mae and Freddie Mac did not agree, or even refused outright.

But as the subprime mortgage crisis broke out directly and became more and more intense, the attitude of the Chinese people became more and more tough. This time it was even directly explained that if within half a month, Fannie Mae and Freddie Mac would be

If Dime does not give a satisfactory answer, then SDIC will sell off the bonds of Fannie Mae and Freddie Mac regardless of cost.

As a result, Buster and Tommy have no choice but to continue pretending to be deaf and mute.

Now they are gathering together to discuss whether the Chinese are so ruthless, what is the bottom line for the Chinese, and how should Fannie and Freddie deal with this matter.

Americans are very arrogant, but they are definitely not fools, let alone lunatics, and they refuse to play with lunatics.

Tommy was not actually the most anxious in his heart, but the one who was most anxious was Buster. Because Fannie Mae was several times larger than Freddie Mac, among the 376 billion U.S. dollars in bonds of China State Investment Corporation, there were more than 300 billion

It belongs to Fannie Mae, and Freddie Mac only has tens of billions.

Of course, if the real Chinese people go crazy and sell in the bond market, the end of 300 billion or tens of billions will be the same miserable.

But after all there is always a comparison, right?

Fannie Mae is always more anxious than Freddie Mac.

"Hey, Tommy. Why don't you say anything?" Kuster looked at this old friend irritably, "Am I unlucky? How can you be better?"

"I think the Chinese people are just being pushy this time, so they deliberately talk like this. Who doesn't know that they are good at talking, but they still don't dare to do anything?" Tommy said slowly. "57 suggestions.

They were all rejected, which only proves that they were frightened by the subprime mortgage crisis. We can send another public relations team and ask them to explain it to Huaguo State Investment Corporation, isn’t that enough? We, Fannie and Freddie, but the state

Sponsoring companies!”

There is no such thing as state-owned enterprises in the United States, but they will subsidize many companies in people's livelihood industries, such as post offices, railways, agriculture, etc. Fannie Mae and Freddie Mac, which are related to people's housing issues, are naturally also targets of subsidies.

, the U.S. government uses them to lend money to people who need money to buy houses.

Therefore, these companies are the most trusted by people, and the same is true for foreign companies.

When China's State Investment Corporation bought Fannie Mae's bonds before, it did so under the persuasion of Fannie Mae's public relations team.

In fact, no one knew that something would happen to Fannie Mae and Freddie Mac at the time, and the bonds they represented were the safest. The yield was not high, but it was more cost-effective than holding the U.S. dollar itself.

In the end, Fannie Mae and Freddie Mac went bankrupt, defrauding foreign investors of more than 5 trillion US dollars in one fell swoop, which made everyone cry just thinking about it!

Kuster's eyes flashed, "Great! You have a great idea! How about you lead the team this time? I will go to Capitol Hill and let those politicians help us brag! Each of us is responsible for one

In terms of aspects, we can definitely handle it!”

Tommy couldn't help but feel speechless towards Buster.

I've been talking for a long time, just wait for me here, right?

But he couldn't raise any objections. After all, Fannie Mae was larger and had better relations with Capitol Hill, and a trip to China was indispensable for politicians to help each other.

Kester thought more deeply than he did. Firstly, if he went to China, he would definitely not be able to feed the Chinese people without a person of sufficient weight. Secondly, if something was really wrong, he would be the first to be held accountable.

It will only be Tommy who went to China, not himself.

They both have their own thoughts and are thinking about not talking.

But it is also a kind of confrontation.

At this moment, just listening to the sound of "ding ding ding", their cell phones rang almost at the same time.

"Hello!"

The two looked at each other and both picked up their phones.

Then at the same time, the expressions of both Buster and Tommy changed drastically, becoming extremely livid.

This is what my subordinates said on the phone.

"President, it's not good! Five minutes ago, Huaguo State Investment sold 30 billion (10 billion) of our bonds on the market, which suddenly made the market nervous, and the face value of the bonds fell by 24 cents!"

All right!

This time, they were frightened.

No company has ever dared to sell off Fannie Mae and Freddie Mac bonds like this. The U.S. bond market is already very tense. You can imagine what kind of chain reaction this will cause!

After the two hung up the phone, they immediately walked aside and started talking on the phone quickly.

The bond market is not owned by Fannie Mae and Freddie Mac. Although their combined share is the largest among all groups, the other financial giants, as well as the US government, still occupy a large share.

Now the bond market is like a fragile egg standing on the top of a mountain. A slight gust of wind can blow the entire market over. If it is to be destroyed, everyone will be destroyed together. Therefore, it is impossible for those financial giants to survive alone.

After a while, the two of them sat together again, panting heavily, drinking coffee that had already cooled down and moistening their almost dry throats.

"FK!" Kuster pulled off his tie, his eyes were red, and this time he was scared and angry, "Are we going to die together? They are too cruel!"

"They dare to die together, but we don't!" Tommy smiled bitterly, "I didn't expect the Chinese to be so ruthless and invested 40 billion US dollars in one go. It seems like this is a warning to us! If we don't

If you do as they ask, I’m afraid there won’t be more than that next time!”

"What should we do? Surrender?" Kuster swallowed, sweating profusely on his forehead, "But where do we have so much money?"

It is true that Fannie Mae and Freddie Mac are rich, but they are not that rich. With more than 300 billion US dollars, apart from the Federal Reserve working overtime to print money, which company has such a large capital flow?

Tommy's face became stern, "I want to think of a way, but there is one... In addition to the cash on hand, the bonds prepared for Bear Stearns and CCF a few days ago, can't they be credited in these two days?"

"You want to embezzle this money?" Kester was frightened by the old man's boldness.

Financial institutions in the United States have prepared nearly 300 billion in working capital to issue bonds for Bear Stearns and CCF Investment Company, which are in extreme crisis. Naturally, this money was given through Fannie Mae and Freddie Mac.

If the two companies misappropriate the 300 billion, it will undoubtedly push Bear Stearns and CCF further down the road!

"Otherwise, what can you do?" Tommy sneered, "It's better to kill Bear Stearns and CCF than to kill us all, right? Those financial institutions also know their priorities. Let's explain to them.

The money must be taken out!"

The thoughts in Kuster's heart were spinning like lightning, and sweat was pouring down from his forehead.

After a moment, he sighed dejectedly: "Okay, old man, let's do this! Unexpectedly! There are times when Huaguo Company can be so ruthless. Is there an expert giving them advice?"

"Yes! This is different from the usual silly looks of their company executives!" Tommy also felt a little strange, "In fact, ever since they have been applying for time-limited delivery, I have felt that something is wrong! Inside and out.

Everything looks weird outside."

"Scare, you said... They knew that we would have the funds in hand soon, so they deliberately chose this time to sell the bonds, right?" Kester suddenly thought of a possibility and couldn't help but say it.

Tommy's face suddenly turned pale: "No...it can't be that evil, right? Who can be so powerful!?"
Chapter completed!