On the night of the completion of the liquidation, Sam dug a pit and buried his dog. On the side of the pit was the ex-wife of a passer-by. On the day when he personally buried his principles, on the day when he gave away his last affectionate dog, Sam. I'm a little tired, the pit is not deep, but it's so dark that I can't see the end.
Byebye, MBS!
When the crisis came, the executive committee and partners all thought of protecting themselves, completely disregarding the life and death of others. The shopping mall is like a battlefield, ruthless, unreasonable, greedy and selfish! This is Wall Street. This is the financial market.
Will Emerson: People just want the scales in their favor, nobody wants to be fair.
Chairman John said very succinctly: in Wall Street, you must master at least one of the following three skills: fast action, high IQ, and deceiving. U.S. bonds are the basis of mortgage certificates. MBS various hybrid bonds are converted into mortgages, and the discount rate and mortgage bond interest rate fluctuations are low. However, they rely on the volume of quantitative trading models to make money, so they can easily reach a scale of hundreds of millions. Balance sheet balance sheet, because the company has accumulated a huge amount of debt assets due to long-term transactions, and the company relies on reselling bonds to cash out to make money, constantly selling old bonds and buying new bonds, if the ending balance of liabilities is much larger than assets, it cannot be timely If it is transferred to other companies, it will suffer huge losses or even go bankrupt. Crazy sales are stripping bad debt and transferring debt. But people on Wall Street are not fools. The debt has not disappeared, but it has been transferred. Whichever company it is transferred to will be unlucky, because MBS in the mortgage bond market is often re-mortgaged many times, which are closely linked.
Financial Movies: Bookmakers "Wall Street" 1 and 2; Traders "Boiling Water Room", also known as Stock Analyst; Stock Brokers "When Happiness Comes to the Door"; Retail Investors "Stock Crazy", "Stock Market Marriage and Love"; Insider Trading "Eavesdropping" 1 and 2; stock trading articles "Trader's Game", "The Ups and Downs of the Stock Market" (also known as the Devil Trader) "Arbitrage Trading", "Money Warfare".
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