Legendary FBI Detective

New York, Wall Street, tenth floor of a building.

Looking at the silent white man in front of him, Luo Jing sat down and waited, with the other person's information appearing in his mind.

Michael Bray is a value investor, fund manager, and the head of a company called "Heritage Capital".

Before 2008, although the opponent had a good reputation, not many people knew about him. It was not until the subprime mortgage crisis and financial crisis broke out that Michael Brey's reputation was known to many people.

Because he has a record of being the first man to discover that the subprime mortgage crisis was bound to break out by studying the prospectus of subprime loan bonds, interest rate floating data, loan repayment status, etc., so he took action to short the federal real estate industry.

The method he used was to create and purchase a CDS financial product from Goldman Sachs, Lehman Brothers, Deutsche Bank, Bear Stearns and many other investment banks.

The specific content of CDS is complicated. To use a simple metaphor, it is like someone buying an insurance policy for Lao Wang’s car next door.

Although he is not the owner of the car, if the car is scrapped, he can take this policy and go to the insurance company to collect money.

Someone is betting that Laowang's car will be scrapped, and the insurance company is betting that it will not be scrapped. This policy is a legal gamble.

This car is the federal real estate industry.

"Mr. Greenwood, there is something I don't quite understand."

After pondering for a long time, Michael Bray looked up at Luo An and asked:

"There are many CDS products for sale in the market outside. Why don't you go to them to buy? Instead, come to me to invest?"

Since creating CDS, a credit default swap product based on the federal real estate industry, and spending large sums of money to purchase it, Michael Bray's reputation has begun to ring through Wall Street.

However, this reputation is not very good, and everyone praises him as Dasha* behind his back.

Because the Commonwealth's real estate industry was booming, no one thought it would have problems.

Luo An smiled and said:

"You need help. I need someone with experience to help me grasp the investment."

Shorting the federal real estate industry does not involve simply buying a CDS financial product. After all, in addition to Class A CDS, there are many Class B, Class C, etc. on the market, and the contents are complicated and trivial.

The time now is April 2006, 16 months away from August 2007. With such a long time, it is impossible for Luo An to devote all his energy to this matter.

"Mr. Greenwood is really candid."

Hearing Luo An's words, Michael Bray laughed. Without hesitating for a few seconds, he nodded and agreed, and then said:

"There are some things I need to declare in advance. I will ensure that all the funds you invest will be used to purchase CDS financial products that short the federal real estate industry.

But this matter takes a long time. I'm afraid I won't return your funds to you before April 2007. "

Since creating and purchasing this CDS product in 2005, Michael Bray has been under considerable pressure.

He took a total of 1.3 billion U.S. dollars from investors to short the federal real estate industry. However, the federal real estate industry was thriving and showed no signs of collapse. Michael Brey also needed to make monthly payments to investment banks such as Goldman Sachs in accordance with CDS regulations. A big expense.

In order to succeed, Michael Bray even forcibly tied up the investors' money and refused to withdraw their capital, which caused those investors, including Michael Bray's boss, to yell at him.

This is why Luan said before that Michael Brey needs help.

Luo An did not reject Michael Bray's request, but he also did not agree immediately. Instead, he asked:

"Mr. Bray, are you sure the time is April 2007?"

Michael Bray narrowed his eyes slightly:

"Mr. Greenwood, do you have any concerns about this time?"

"There are some."

Roan nodded. He knew the reason why Michael Bray set the time in April 2007, because the Commonwealth Bank would raise interest rates for the first time around that time.

Michael Bray's bet is that as banks raise interest rates, federal people who take out loans to buy houses will begin to run away without repaying their loans, eventually leading to the collapse of the federal real estate industry.

Michael Bray laughed and said:

"Mr. Greenwood, if you have any doubts about time, I suggest you..."

Just as the other party was mid-sentence, Luo An interrupted him:

"I think the time is too short!"

"……It's too short?"

Hearing this word, Michael Bray was stunned for a moment, and then asked nervously:

"Mr. Greenwood, do you have any news?"

Thinking of Luo An's FBI status, Michael Brey's first thought was that he had heard some inside information.

"No, I have no news."

Luo An shook his head, then smiled:

"Mr. Bray, what you are paying attention to is data and market rules.

But what I focus on is the human heart and means. "

Wall Street business war in the novel: strategy, means, overall view, brilliant prediction, virtual battle of the world's top minds.

In reality, the real business war involves unplugging the network cable, deleting the code, and shutting down the server.

The most high-end business wars often only require the simplest tricks, such as poisoning, robbing...

Luo An knew that when the federal government raised interest rates for the first time and the federal people started running away to pay off their debts, the first thing that the investment banks on Wall Street thought about was definitely not how to solve the debt problem, but how to deal with these junk debts. , transferred and sold to people who don’t know the truth.

Those investment banks will continue to whitewash the situation, and federal real estate industry stocks will not go down until one of the investment banks finally fails.

This period of time will take at least several months.

So Luo An said:

"I think it would be better to push it back a few months."

Due to some considerations, Luo An did not give a specific time, but just made a suggestion.

"..."

After hearing Luo An's words, Michael Bray was silent for a long time. He suddenly stood up and stretched out his hand to Luo An, shook his hand heavily, and said with a serious face:

"Mr. Greenwood, I assure you that this time it will be successful."

Michael Brey is a very rational person and firmly believes that the data is not wrong and things will develop according to the results shown by the data.

But Luo An's words just now reminded him that the data is indeed correct, but humans have subjective initiative, and some things will always develop very strangely due to human ideas.

Roan smiled and shook hands with Michael Bray, who then asked:

"I wonder how much investment is prepared, Mr. Greenwood?"

Michael Bray has continued to create astonishing returns for investors since he founded Succession Capital:

In 2001, the rate of return of Chuanren Capital was 55.44%, and in 2003, the rate of return of Chuanren Capital was 50%.

Michael Bray charges a lot of commissions, but he also respects his clients and always believes that sincerity is the most useful investment.

After hearing what Luo An said just now, Michael Bray, who had realized a lot of things, was very grateful to Luo An, because he could use this to avoid many detours.

Michael Bray has already made a plan in his heart. Even if Luo An's investment is only a few hundred thousand dollars, he will strive for the maximum return for Luo An.

"The investment I can make is not much."

Luo An smiled and took out a piece of paper with the account number written on it from his pocket.

Michael Bray's expression remained unchanged. He had already been mentally prepared for the fact that Luo An didn't have much money, so he sat on the chair, started to start the computer preparation, and asked:

"Can you tell me the specific amount?"

Luo An put the note on his desk and said with a smile:

"Not much, just 450 million."

"??!!"

When he heard the numbers spoken by Luo An, Michael Bray was stunned while typing on the keyboard, and then turned his head in disbelief:

"I'm sorry, Mr. Greenwood, I seem to have heard you wrong. Did you just say...?"

"You heard that right, it's 450 million."

Luo An raised his lips slightly. He actually had a total of 550 million US dollars. Just in case, he finally chose to leave 100 million untouched.

After receiving the affirmative answer, Michael Bry's eyes widened with surprise, his throat rolled but he didn't know what to say.

Suppressing the shock in his heart, Michael Bray said in a deep voice:

"Mr. Greenwood, with a principal of US$450 million, I can help you purchase up to US$3 billion of BBB-level CDS products."