What are subprime loans?
Even if a group of people with no credit can't get a bank's credit loan, they will still try to get a loan with no requirements.
Some financial institutions, joint-stock banks, and private banks dared to engage in subprime lending.
They simply lowered the credit limit and increased the interest rate.
In today's terms, it's a small loan. No credit check or collateral is required.
All you need is your identity information and an application form.
Lehman Brothers went bankrupt because of its subprime lending practices, issuing massive amounts of loans. This led to difficulties in recovering funds, and coupled with the financial crisis, various investments suffered losses.
When they ran out of cash, they couldn't redeem their various financial products, so they had no choice but to file for bankruptcy and restructure their assets to repay their debts.
This resulted in widespread losses for customers who deposited money and those who purchased financial products.
At least we can get some back, while the headquarters won't see a penny of our money go down the drain.
Our online lending and microloans were developed based on some practical experiences from the United States in the 1980s and 90s.
In mid-September, the stock market experienced a brief downturn.
The two-day drop caused panic among many people.
Thinking that a bear market was about to begin, everyone was selling off stocks.
Let's come out and observe first, so that we don't get stuck when disaster strikes.
The panic triggered a frenzy among Wall Street's predatory crowd. Some even became impatient, repeatedly calling to question Xing Baohua about the exact price at which he started shorting the stock.
Huang Xingyao was instructed to give a unified reply: "When the price is right!"
If we tell them the location, what if that group of people follow us into the elevator?
Why should I tell you wolves, who are neither close nor friendly, especially since they are enemies?
Xing Baohua remained calm. He knew that in the next week or two, the market would rebound to its highest point, and the real decline would begin from that point.
He remained calm, but his opponents couldn't! They united and demanded that Xing Baohua provide a shorting entry point.
They have the right to know the details.
Xing Baohua also asked his lawyer, who said that since it wasn't mentioned in the contract, it didn't need to be considered.
As for the locations, that's a trade secret of our company. We have no comment, and we're not afraid of being sued.
With a lawyer stepping in to support her, Xing Baohua felt much more at ease.
Of all these clamoring investment banks, Lehman Brothers is the only one notably absent.
They remained calm on the other side as well.
Sister Wang hadn't seen Su Ya for several days, and no one answered her calls. She remembered Su Ya mentioning a hotel, so she had been waiting for her at the hotel's coffee shop.
When he saw Su Ya, he waved to her. When she came over, he asked, "I haven't seen you for several days. Where have you been?"
"I went to Miami with my boyfriend." Suya sat down and waved for a waiter to come over.
"Did your boyfriend give you the money?" Sister Wang asked impatiently.
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