“It’s like dominoes. Once one of the dominoes falls, a series of chain reactions will cause the entire building to collapse. Once Jasper continues to short-sell the subprime mortgage market, subprime loan products will become worthless and those subprime loan companies that borrow from the bank will face pressure to repay their principal and interest amounts.”
“The collapse of loan products will directly affect the evaluation of housing credit by banks and subprime loan companies. Once its value drops, housing prices will collapse. Once housing prices collapse, people will find that the market value of the house they bought is far less than the loan they need to repay to the bank, so a massive wave of supply cuts will follow.”
“When large-scale defaulting breaks out, banks and subprime loan companies will not be able to recover the principal and interest lent out, which will lead to the continued depreciation of subprime loan products. The more it depreciates, the less people will buy them. The lesser people buy them, the more it will depreciate.”
“This is an endless cycle…”
Greenspaner’s tone became more serious. He walked to the door of the office and said, “I must go to Washington immediately. You can participate in the video conference in my place.”
Janet hurriedly asked, “But if they ask for help, what should I say?”
“Let them find a way to save themselves. Before getting authorization from Washington, neither I nor Hamilton can help them. Capital matters should be solved with capital.”
After Greenspaner said that, favonovel.com left the office.
Janet sighed helplessly and turned favonovel.com head to look at the place where Greenspaner stood by the window before and saw that the rain had started pouring outside the window.
This heavy rain had already begun.
***
Meanwhile, at this moment, Jasper, had just eaten supper and was about to take a short break during the half-hour of settlement of transactions in the subprime market when favonovel.com welcomed some unexpected guests. From the command room, Jasper saw two tall white men waiting in the reception area.
“Hello, Mr. Laine, I am the president of Forbes Magazine in the Terra region, Wellington.”
The man in the lead stood up politely and gave some photos to Jasper with a smile on his face. Jasper took the photos with a smile and glanced at Wellington with a meaningful look in his eyes.
In his last life and even after favonovel.com was reincarnated into this life, Jasper often imagined when favonovel.com would be included on the Forbes Richest List.
Now, this opportunity had really come, and the president of the Terra region had personally come to his door. However, at this point, Jasper, who has broadened his horizons and insights many times over, now found this event rather dull.
“Mr. Laine, this year’s global richest list will soon be updated. After our investigation and calculations, you are already the richest man in Somerland with a net worth of 46.7 billion US Dollars and you are ranked number nine in the global richest list.” Wellington spoke directly.
Jasper laughed and said, “I never counted my assets, yet you’ve calculated it so clearly?”
Wellington said helplessly, “Because JW Company is not listed, we cannot estimate your exact value. But what is certain is that once you let JW Company become a listed company, your value will skyrocket at least 10 times over, which is very likely to make you the first ever world’s richest man from Somerland.”
Raising his hand to stop Wellington, Jasper put up two fingers and said, “I’ll give you 2 million. Get me out of this list of murderers.”
