Shenhao starts from a fake rich man

Feng Yimin and Li Chenxi led the team in a hurry, still in a state of confusion, to arrive at JFK Airport in New York.

Ren Jiayan had already booked two suites for them in advance at a hotel in the heart of Manhattan.

As soon as he got off the plane, Feng Yimin began to instruct the two team members who had connections in Citigroup and knew many people and began to carry out the mission.

“We need to hire ten black people, unemployed, unemployed, unemployed, not highly educated, and finally in debt.” Feng Yimin said.

The two elites who received the task were confused.

Unemployed?

Don’t have a degree?

Deep in debt?

Black??

What do you want such a person for??

However, they knew that Feng Yimin was conveying Han Haoran’s order at this time, as long as they carried it out, it would be over!

They didn’t hesitate to act.

Although this condition sounds strange, it is too easy to find people who meet such conditions!!

Walk in Queens, or Brooklyn, and grab ten black people at random, and nine fit that definition.

Soon, ten black people who were tempted by the high “tip” return stood in front of Feng Yimin.

Feng Yimin said a lot to these black people.

Hearing Feng Yimin’s request, several black people nodded again and again: “OK. FINE. NO.problem。 ”

Feng Yimin looked at the once top private detective again and said, “Feng Zhe, you have all those pinhole video recorders and professional micro recording equipment, right?” ”

Feng Zhe nodded: “Naturally!” ”

Feng Yimin said to Feng Zhe: “Now, your task is to follow the ten of them and secretly record everything one by one. ”

“The place they are going to is considered a public place, and it is not a special secret agency, so the difficulty of secretly recording should not be very high.”

Feng Zhe smiled: “Mr. Feng, don’t worry, my strength is very high!” Not to mention in public. Even if you go to the women’s bathroom, I can help you record the picture you want. ”

Feng Yimin chirped: “Phew!! I’m not so perverted!! ”

The first stop of Han’s team was at a business site in Freddie Mac, Queens, New York.

Queens is a great name, Queen, a great name!

But in fact, Queens is a famous black district in Citigroup, and Brooklyn is known as a breeding ground for evil.

Compared to the luxury of Manhattan, these black-populated areas are where crime is staged every day.

Basically, whites don’t go through these black neighborhoods.

Fannie Mae and Freddie Mac are two of Citigroup’s largest home mortgage financiers. It is also a special type of financial company sponsored by the Citigroup government.

Together, the two institutions own or guarantee nearly $5 trillion in housing loans, accounting for more than half of all mortgages in Citigroup.

To put it simply, Freddie Mac does not issue loans directly.

They are buying home mortgages from mortgage companies, banks, and other lenders.

Next, Freddie Mac packaged the purchased loans into mortgage-backed securities and sold them to institutional investors such as investment banks, insurance companies or funds.

In layman’s terms, Freddie Mac is just an intermediary who extracts the handling fee. The mortgage ratings are then packaged and sold to investors such as investment banks.

All the risks of mortgage securities are borne by investors, such as investment banks.

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However.. Whether the owner of the mortgaged property has the ability to repay the loan, Freddie Mac is the only appraiser and the only authoritative appraisal agency.

Although Freddie Mac is just an intermediary earning “fees”, their energy is very large.

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Because they decide whether the borrower is eligible for a loan or not.

No matter what world you are in. What capitalists want to make is quick money.

A profitable business is naturally as good as possible.

Especially for companies like Freddie Mac, he earns a commission on his own, and he doesn’t have to take the risk himself.

Naturally, Freddie Mac does not perform its duties properly and responsibly assess the risks of investors.

All the potential delinquencies and defaults on the risks posed by those who mortgage the property are often not considered by Freddie Mac.

After all.. For Freddie Mac, they just have to make money.

Anyway, when the time comes, the mortgagee will not be able to replace the loan, and it will not be them who will not be able to recover the money, but the investment banks and funds who have bought the “housing mortgage backed securities”.

Even if the mortgagor does not repay the loan, it still has nothing to do with Freddie Mac.

Besides, isn’t there still a property that is mortgaged!!

Gradually, Freddie Mac’s ambitions grew.

Just packaging and selling “residential mortgage-backed securities” with relatively small risks as an intermediary is still not enough money!!

So, they teamed up with investment banks and a group of elite Wall Street bigwigs to develop a scam called “subprime mortgage”.

There is a big difference between a “subprime mortgage” and a normal “prime mortgage”.

People with low credit are not able to apply for preferential loans and can only seek loans in the secondary market.

The interest rate of “subprime mortgage” is usually 2%~3% higher than that of preferential mortgage.

It can be said that subprime mortgages are home mortgages issued to families and individuals with low incomes, minorities (such as blacks), low levels of education, and little financial literacy.

Although Freddie Mac claims that they use sophisticated risk management tools, systems and strategies to protect the interests of investors in the face of sharp interest rate risk fluctuations.

But.. Do ghosts believe it!!

Han Haoran read an article in his previous life.

Fannie Mae and Freddie Mac, two strange companies backed by the Citigroup government, are the real culprits that led to the Citigroup subprime mortgage crisis.

Lehman Brothers, Merrill Lynch, and countless other investment banks that collapsed during the subprime mortgage crisis were just victims.

The ten blacks hired by Han Haoran and Feng Yimin belong to “actors”.

“Actor” No. 1 Linde Clifford was sitting in the Freddie Mac sales office at this time.

Feng Zhe, on the other hand, pretended to be a customer waiting in line, and sat at the best angle where he could clearly photograph everything.

And the ultra-small bugging device has been installed on Linde Clifford’s body.

Clifford is one of those authentic Citi nation blacks.

He grew up in Queens since birth.

Clifford grew up in a single-parent family.

His mother, before Clifford was sensible, ran away with others.

And Clifford’s father, like most blacks in Queens in Citigroup, has no education, refuses to go out to work to earn money, receives government subsidies, and his main occupation is a gangster!!

Clifford’s father was shot dead when Clifford was 16 years old in a gang fight.

Although Clifford received a sum of compensation, he squandered it every time it took him.

Clifford, who was born into such a family, was naturally uneducated, and gradually followed his father’s old path, relying on government subsidies to get by.

And his only asset is a house in Brooklyn that his father left him.

However, there is no income due to the lack of serious work.

Clifford can’t even afford to pay the annual property tax to the government.

If this continues, the house will be repossessed by the government and forced to be auctioned.