novelones Chapter 412 There is more than one fool like this
Chapter 412 There is more than one fool like this
"Okay, okay, since you have such a need, we will naturally accept it.
Well, the monthly premium of US$8 million is very reasonable. Are you going to sign a three-year contract? "
"Yes, no matter what happens in the middle, even if your bank goes bankrupt, our fund will have the highest priority..."
Before he finished speaking, the female manager couldn't help but smile until her face deformed.
“Are we going to go bankrupt at Citibank?”
The two of them seemed to have heard a big joke.
The female manager waved her hands repeatedly and defended her rudeness by saying:
"Dude, you should change your career to a stand-up comedian. It's so funny."
Citibank going bankrupt is indeed the funniest joke they have heard this year.
However, at the strong request of Michael Bray, the two still stated in the insurance contract that even if they encounter various force majeure (including bankruptcy), the bet must be completed first when selling the building!
"If there is a credit default event on the mortgage securities within the contract, the Death Foundation will be compensated US$10 billion, US$30 billion, US$80 billion, or US$200 billion according to the scale of the event..."
The two even thought that it would not be a problem to declare a compensation of 500 billion US dollars, because Michael's foundation would pay more premiums.
But in order to make their actions not look like robbery, they slightly restrained and lowered the premium specifications.
In their opinion, they can squander the 800 million U.S. dollars in premiums from the Death Foundation every month, which is nearly 3 million U.S. dollars in one year and [-] million U.S. dollars in three years!
As long as the project ends in three years, their team can share a dividend of nearly 3% to 7% of the US$9 million. Isn’t this faster than robbery?
But Michael knew that these two clowns were destined to not get the funds. If they knew that they had been targeted by Cayman Capital, they might not be able to laugh anymore.
After signing the contract, the two sent Michael away, chatting unbridledly about which high-end restaurant they would go to to celebrate later.
Michael shook his head, took off his suit jacket, and planned to take his bodyguard to the next destination-Sweden!
There are hundreds of banks in Sweden, almost all of which are within his hunting range.
The two managers of Citibank thought this matter would just go away.
What I didn't expect was that there was more than one fool in the world, and another small foundation came to the door, hoping to buy mortgage securities default insurance.
The two supervisors responded quickly:
"We provide this insurance business, please follow me."
Later, two more people came to inquire about this type of business. Citibank's management accepted them all and accepted them all.
"There are more than a few lunatics in this world, haha."
"At this pace, in three years, our dividends will reach hundreds of millions of dollars!"
The two of them have already dreamed of retiring after success, buying a luxury house, and enjoying life.
What they didn't know was that because of their behavior of mocking Michael, Cayman Capital's friends had a grudge, and that's why they wanted to kill them.
Anyway, many commercial banks will go bankrupt in the future, and they will have no burden on them if there are so many more banks.
The news that four lunatics were buying CDS (default insurance) spread throughout the world's financial industry.
What surprises some people is that the tentacles of these four companies have extended to the entire western state, and they are even active in some wealthy national banks in black states.
They simply calculated the accounts for four fund organizations, and each of them had a monthly deposit of hundreds of millions of dollars.
People who discover this are more likely to rejoice in their misfortune:
"Their investors will probably be so anxious that they jump off the building."
Listening to Robert's report on the phone, Wang Lei not only did not jump in haste, but also cheered continuously:
"Very good, I thought it would arouse the vigilance of these people and encounter obstacles in buying CDS.
Unexpectedly, it could achieve a scale of 20 billion US dollars in guarantees. "
20 billion US dollars per month, 200 billion US dollars in one year, 400 billion US dollars in two years, and 600 billion US dollars in three years!
Only Cayman Capital has such abundant funds to support this largest gambling agreement in history.
"Boss, is the premium too high?"
It was a lie that Robert didn't feel distressed when he saw the huge insurance premiums. As a housekeeper, seeing cash only going out but not coming in made him feel uncomfortable all over.
"It's okay. We can detonate Huanyu Real Estate at any time. As long as we proactively press the collapse switch, we don't have to wait a year. We will see the rewards in early 2007."
"Boss, what if these banking institutions take the initiative to close down as a price for negotiation?"
"They love to go bankrupt, so let them go bankrupt. Anyway, the contract states that we should be compensated first. If they are insolvent, we will become the largest creditor. Then all banks will belong to us!"
“We will be the ones behind the World Bank!”
Robert couldn't help but feel a little numb when he thought of this. This was something he never dared to think about in the past.
But under Boss Wang's step-by-step plan, the boasted cowhide is about to become a reality.