Reborn in Russia as a Big Shot

Chapter 112 The Subprime Crisis

Peter set up an anonymous company in Cyprus as the holding entity for Andrei and signed a supplementary financing agreement with Shopee.

The money was paid in cash.

Li Xiang took 20 million yuan in cash from Kumarin's ill-gotten gains, used an investment agreement as proof of the source of funds, and deposited it in a bank.

Then, under the guise of relocation funds, the money was lent to the parent company, Shopee Investments, and transferred to Singapore.

The check that Peter actually gave to Li Xiang was also deposited into Shopee Investments' account.

The position used to add CDS.

The previous $100 million in CDS has been split into eight parts and sold to different financial institutions.

Some gamble on it themselves, while others resell it to others.

Li Xiang has added another 4000 million yuan to his position. The risk of subprime mortgages is expanding, and the premiums will definitely be much higher than before.

But as long as you're willing to pay more, there will still be people willing to take the job.

Wall Street has no shortage of people willing to risk everything.

Even if this bomb is about to explode in the next second, someone will still be willing to gamble and hold on a little longer to find the next sucker.

Rumors circulate in the industry that if competitors can't buy them, they can break them up and sell them to retail investors. There are so many retail investors that they can't be harvested all at once. Mini bonds in Hong Kong have been selling like hotcakes for over a year, and the supply still can't meet the demand.

The bets kept getting bigger and bigger; even though I knew I would win, I was still very nervous.

What if we lose? Losing isn't a big deal.

Always have PianB!

Even though Li Xiang was certain that the subprime crisis would occur, he still put Crunchyro II's shares into a trust fund to isolate the risk.

Since Li Xiang returned after the New Year, Marina has noticed that something is wrong with him.

Instead of sleeping in the middle of the night, I sit in front of the computer staring blankly at the US stock market. Shouldn't I take a break since the market is closed on Saturday and Sunday?

I was restless and even more agitated than when the market was open.

Marina wanted to distract Li Xiang and have some alone time with him, but she found that Li Xiang had also lost interest in her.

Before, things would take half the night to get things done, and I'd have to beg for mercy; it was so annoying. Now, things are done perfunctorily, as if we're in a rush.

Judging from Li Xiang's unusual behavior, Marina had already guessed that this time it wasn't just a big gamble, but a gamble with his entire fortune.

Vinogradov, the first of the Russian oligarchs to fall, was brought down not by political attacks, but by the 98 financial crisis.

In Marina's view, even the powerful Seven Oligarchs could gamble themselves into bankruptcy, so it wasn't surprising that Li Xiang would go bankrupt one day.

Marina finished showering and was getting ready for bed when she saw Li Xiang sitting in front of the computer, lost in thought. She couldn't help but ask, "Did you gamble a lot this time?"

"Well enough."

Li Xiang's frustration stemmed from buying lottery tickets and waiting for the draw, not knowing when the draw would be held. He looked forward to it every day, not from the pressure of gambling his entire fortune.

"Why are you so nervous?" Marina stood behind Li Xiang, massaging his shoulders. "Do you really have to sit in front of the computer and watch it yourself? You're not a professional trader; it would be much better to have someone else watch it for you."

Li Xiang paused for a moment, then replied, "No need to keep an eye on it. I'm not buying stocks; I'm just bored."

Marina was so angry she laughed, and ordered, "Turn off the computer right now."

"I can't sleep," Li Xiang suggested. "How about we watch a movie?"

"Let's continue watching 'Full House' from where we left off last time." This Korean drama holds a special place in the hearts of Li Xiang and Marina.

The two fell in love at a villa in Green Mountain City, turning their one-night stand into a long-term relationship. They embraced each other that night while watching this drama.

Li Xiang went to WeTV to search for pirated content.

Marina tried to soften her tone, "Since you don't have to keep an eye on things yourself, let's find somewhere to go and relax. Don't put so much pressure on yourself. Even if you really go bankrupt, I can take on acting roles to support you."

"I'm not just saying nice things, I've made up my mind about you. Even if you're unlucky this time, you'll definitely turn things around in the future."

Li Xiang sighed deeply, putting on a worried look, "You're good at supporting me, but I'm a kept man, and I have children to support."

"I'll raise one too." Marina's voice had changed, rising eight octaves.

"Where's the child's mother?" Li Xiang asked in a very irritating way.

"That's too much!" Marina punched Li Xiang three times, her face tense, and said, "From now on, I'll support you, but my status in the family will have to change. You leave dirty clothes lying around, and you don't even put the toothpaste cap on after brushing your teeth."

"I'll change it." Li Xiang had already found the series and turned the video full screen.

"You'll splash everywhere when you pee, so from now on you'll just sit down to pee."

"That won't do." Li Xiang picked Marina up in a princess carry and walked to the bedside. "Didn't you want a child? You were originally planning to wait a few more years until we immigrated."

"Forget it, let's stop using contraception and let nature take its course."

Li Xiang really liked Marina. She was helpful, knew her limits, didn't hold grudges, had clear goals, and was clear-headed.

He didn't want Marina to have children because he was worried that Andrei would object if he found out.

"You're about to go bankrupt, and you want me to have a baby?" Marina pouted.

"So, are you going to have the baby or not? What if I don't go bankrupt? You still have a 50/50 chance of winning." Li Xiang threw Marina onto the bed.

"born."

Just as Li Xiang was about to pounce, Marina propped herself up on her arm and stopped him, saying, "Let me finish what I have to say."

"I was serious about what I just said. If you go bankrupt, I'll support you. If you can't afford child support, I can help you pay it."

"But you have to promise me that even if I have a child, you can't be biased."

Li Xiang deliberately said, "I like you, so naturally I like your child. Can't I even give him a little more favoritism?"

"No, what if you don't like me anymore? You have to treat me fairly." Seeing that Li Xiang didn't speak, Marina added, "Your wife's brother came to me. I have no intention of competing with her. I only have this one condition, and you have to agree to it."

Li Xiang replied earnestly, "As long as you're human, you'll inevitably have feelings of closeness and distance. You can't ask me to go against human nature, but I can agree to your request objectively."

"You mean what you say?" Marina asked again to confirm.

"Definitely," Li Xiang promised.

Marina pointed slightly towards the bathroom, "Go take a shower."

Seeing that Li Xiang didn't move, Marina coaxed him, "Go quickly, I'll change my clothes, I promise you'll like them."

Marina felt that Li Xiang was under too much mental pressure and insisted on going on a trip. Even if they couldn't get married, a honeymoon would be fine. After discussing it, they went to the Bahamas together.

Li Xiang's mind is still on the stock market, only now he's switched from using a computer to a mobile phone.

Marina had anticipated this outcome, which is why she specifically chose the Bahamas, where there is no time difference with New York, allowing her to monitor the market during the day.

On Thursday, March 13, Bear Stearns, one of the five major investment banks on Wall Street, suddenly saw its stock price plummet in after-hours trading. It was more than a 10-meter diving platform; it dropped by more than 30% and still hadn't stopped.

In order to restrict Wall Street, the United States passed legislation to forcibly separate banking and investment banking businesses, prohibiting investment banks from accepting deposits.

This leaves a fatal flaw in the investment banking funding model, requiring a large amount of short-term borrowing to maintain operations.

Bear Stearns, one of the top five investment banks, has a massive business scale, with daily overnight interbank lending exceeding $500 billion.

This money is absolutely necessary to borrow.

As the stock price plummeted, rumors began to circulate in the market. It's unclear who started it, but European banks had already cut off their lending transactions with Bear Stearns, and Bear Stearns was facing a loan freeze.

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