Chapter 29 The World's Richest Man
Gorbachev hoped that Seryozha would hand over the Workers' New City project to others as a stepping stone for promotion, and the state would purchase it. [No pop-up novel website] In fact, this is exactly what Sergey could not have wished for. Workers' New City has occupied a lot of Sergey's funds, and the method of using low-rent housing to launder money now seems to be a bit outweighed. With tools such as the National Residential Bank and the Mediterranean Trading Company, there is no need for Seryozha to use real estate to handle the assets of customers.
The development of Workers' New City is actually considered a collective enterprise, belonging to the small coffers of the Moscow Youth League Committee. We must know that when the second phase of the workers' new city was completed, the civil servants of the Moscow Youth League Committee no longer lacked housing. This is the envy of many other institutions in the city of Moscow. Now that the project was to be handed over, Seriosha felt that the people underneath would inevitably backlash. But as long as the National Housing Bank and the National Housing Development Corporation are firmly in his hands, Seryozha can start anew at any time. What Seryozha lacked now was cash, because the worker's new city occupied too much liquidity, which restricted the development of the Mediterranean Trading Company. Since Gorbachev promised compensation, the compensation can just be injected into the business of the Mediterranean Trading Company, and the money will be transferred to Glencore in the form of trade at the airport.
The first and second phases of the workers' new village in Sergey's hands have been completed and put into use, so Seresa plans to sell the workers' new city project of these two phases to the Soviet State Bank first. In this way, the Workers’ New City in the first two phases will be changed from a collective enterprise to a state-owned enterprise, and the supplemented capital will go to the National Housing Bank to replenish capital. It is still useful at present, and the interest on the bonds is almost a drizzle for Seryozha, who has a big family and a big business. However, the third phase of the Workers' New City project is already underway, and the money that should be spent has already been spent. Serezha wants to hand over the third phase after finishing the third phase. In this case, the entire Workers' New City is estimated The value will be more. Gorbachev didn't make too many demands on this. Anyway, he hasn't found a suitable successor yet, but he can release the news first to give those cadres who intend to join him a time to think about it.
Seeing that another huge sum of money was about to be obtained, Seryozha couldn't wait to find a good place for the money, and that was Mikhail's Japan plan. On the second day after meeting with Hamer, Seryozha made a special phone call to Mikhail to communicate about the subprime mortgage. Now Sanjinhui is one of the few financial institutions in Japan that has the right to issue subprime mortgage products, and the independent business is naturally going smoothly. Since the data company behind Mikhail was the first to establish a standard subprime mortgage product model and was the first to enter the Japanese market, it has always been ahead of those British financial institutions and has occupied a leading position in the industry. Under the background of Japan's loose financial supervision, some funds from European mafia have slipped into Japan's financial market smoothly.
Mikhail's business includes acquiring high-quality debt from large financial institutions, as well as acquiring some not-so-high-quality debt from some financial companies with a Yakuza background. In fact, there is a lot of profit in this, the reason is that the acquisition of debt is usually carried out at a discount, because the repayment of debt is often a long-term behavior, and the financial market is so hot now, whether it is a big bank or a usury company, they are trying their best. To obtain funds, it is a good choice to realize some debts in hand as soon as possible.
In order to be quick, there is often a lot of room for mediation in terms of price.
After Mikhail's subprime mortgage products are packaged, they will flow into the London market through Seryozha's banker friends in England. At this time, Mikhail obtained new cash to fill up the embezzled mafia funds. The most important thing is that Mikhail not only made a lot of money, but also laundered the black money. Directly pull the cost of money laundering into a negative value. Where in the world can I find such a profitable business!
Now that Sergey has known the true views of the richest people in the United States on subprime mortgage products, he can consider the next plan, which is to let these British financiers promote subprime mortgage products to the world capital market. In this way, relying solely on the strength of the Three Gold Associations and the three British banks will not be able to detonate this new market. Serezha will authorize more financial institutions to invest in it together, and everyone will work together to stir up this market.
Therefore, Sergey Shale directed Karim to relax the restrictions on the application of patent rights by large financial institutions. As long as the capital scale ranks within the world's top 500 commercial banks and investment companies, they can apply for patents from Sergey Shale at a low patent fee. right. Karim placed the ad directly in The Economist. It also hired some experts to make a special report, in which it explained some basic knowledge of subprime mortgage products to readers in detail, and pointed out that this is currently the only channel for funds outside Japan to enter the real estate market. And because it is not a direct purchase of real estate, it also avoids the disadvantage of poor circulation of real estate. As soon as this article came out, some financial institutions that had long been optimistic about subprime mortgage products began to contact Karim to discuss patent licensing matters. However, the impact is still limited, and many investment banks are still on the sidelines, and those financial institutions that intend to participate in this investment have only purchased this product in a small amount.
The Economist still has some influence around the world, not only the business elites in the English-speaking world pay attention to this magazine. Even some business elites in Japan have subscribed to this magazine. Among them is Mr. Yoshiaki Tsutsumi, the richest person on the planet, the richest man in the world. According to the ranking of the world's richest people published by Fortune magazine in March this year, Yoshiaki Tsutsumi's total assets are as high as 165 billion U.S. dollars, and this number is still increasing. As the largest landowner in Japan, Tsutsumi Yoshiaki has become a well-deserved overlord in Japan's real estate market. He owns one-sixth of the country's land. In addition, there are hotels and department stores in prime locations in major cities around the world. and other high-end properties, the Japanese seem to regard him as a god-like figure.
Yoshiaki Tsutsumi happened to be one of the enthusiastic readers of The Economist magazine. When he saw this article about subprime mortgage products in the magazine, he instinctively felt that this was simply a revolution in the bond market. The barriers to the real estate industry against foreigners that the Japanese worked so hard for were torn apart. Tsutsumi Yoshiaki couldn't hold back his longing anymore, so he immediately called the president of Nomura Securities to inquire about subprime mortgage products.
"Nani? Nomura Securities has no related business yet! Baga!" After receiving replies from many parties, Tsutsumi couldn't help but swear!