nashuaworldcup Chapter 117: Taking advantage of the situation, turning waste into treasure, and securitizing subpri
Chapter 117: Taking advantage of the situation, turning waste into treasure, and securitizing subpri
"Ueno-kun, Akito doesn't tell secrets. In my eyes, they are bad debts. It's just a matter of time. You and I know it well!"
Hearing this, Ueno Heiji just smiled absently.
He will run the Maple Kingdom soon, so what does Mitsui Bank's bad debts have to do with him.
Therefore, he was not enthusiastic about Wang Lei's proposal and was even a little resistant.
Others regard bad debts as a tiger, and the shrewd Wang Lei is eager to get involved at this time, which is definitely profitable.
He was upset when he saw Wang Lei making money.
Wang Lei saw through Ueno Heiji's thoughts. In fact, he knew Ueno Heiji's plan.
In order to wash the rice, this guy contacted the nearby Aocheng Duimazai. With such a large amount, Hua Shirt wanted to meet this big customer.
Naturally, this mysterious customer was sold out in front of Wang Lei.
Wang Lei stopped beating around the bush and said straightforwardly:
"Ueno-kun, have you chosen your escape route? Do you want me to have someone help you arrange it?"
Ueno Heiji's eyes widened with fear:
"Wang Lei, what are you talking about? When will I abscond?"
"Haha, Ueno-kun, I have been keeping an eye on you from the moment you transferred the funds. You don't want President Mitsui to know about your plan to abscond."
"you you……"
Ueno Heiji, who had his feelings revealed, stuttered for a long time before he could say a complete sentence.
"What the hell do you want to do?"
"Don't be afraid, Ueno-kun, we are not bad people. We can even help you digest some real estate that is too late to move."
The more enthusiastic Wang Lei became, the more worried Ueno Heiji became. What on earth does this guy want to do?
"I heard that you have a mansion in Moshiyota District that is comparable to a palace. There are more than 200 properties in Tokyo alone. You can't get rid of these. How about selling it to me for 25 billion yen?"
"25 billion yen?" It's more than that even with a discount.
But Heiji Ueno did not dare to reject Wang Lei directly. If the other party was slightly unhappy, his life would be in danger.
You may not even be able to leave the Black Dragon Club's hall today.
"Even if I agree to 25 billion yen, it will be difficult for the tax department and the housing management department to deal with it. How about you price it a little higher?"
Ueno Heiji, who wanted to bargain, was greeted by Wang Lei's sneer.
He slapped Ueno Heiji hard:
"You really dare to bargain with me."
"No, no, I'm really thinking about you. Anyone will see something fishy about this deal."
Seeing Heiji Ueno covering his face pitifully, Wang Lei waved to Li Qilin.
Li Qilin placed an IOU in front of Ueno Heiji:
"This is the 4000 billion yen gambling debt you owe in Macao. Because you are no longer able to repay it, you used all the real estate under your name as collateral. 25 billion yen is the latest loan we gave you."
"How...how could I have defaulted on so many gambling debts?"
Although his eyes were full of disbelief, he still signed it wisely.
His heart was bleeding, it was the hard work of most of his life.
Seeing Ueno Heiji looking depressed, Wang Lei comforted him and said:
"Mr. Hirano, we are also doing this for your own good. Think about it, we are in the real estate bubble now, and your real estate will not be able to be realized in a short period of time.
If you go to Maple Kingdom, these properties will probably be confiscated.
25 billion yen is a little less, but it is better than not having a penny at all. "
Ueno Heiji nodded, barely being "persuaded" by Wang Lei.
"As for the bad debts, please ask Ueno-kun to open the door for convenience. We won't let you do it in vain and will give you a huge kickback."
Hearing that there was a kickback, Ueno Heiji immediately cheered up:
"How do you want to trade?"
"We want to buy all the bad debts of Mitsui Commercial Bank at a discount of 100%. For every 5 billion yen in transaction volume, we will give you a personal rebate of [-] million yen."
"5% rebate!"
Heiji Ueno did the math and found that Mitsui Bank's bad debts were around 2 trillion yen, but if he worked harder, 5 trillion yen in bad debts would be reasonable, right?
His rebate for 5 trillion yen is 250 billion yen!
Converted to US dollars, it's around 2 million. This transaction is feasible.
"Okay, thank you for your generosity. I will facilitate this deal when I get back."
After Ueno Heiji left, Li Qilin showed a trace of confusion:
"Sir, if we buy so many bad debts, will it be a loss in our hands?"
That is a non-performing debt amounting to 5 trillion yen. Even if the Black Dragon Association sends out all the people to collect the debt, it may take more than ten years to fully digest it.
This is just Mitsui Banking Corporation. Mitsubishi and Sumitomo are not known to be among the top five institutions in the world in terms of market capitalization. The total bad debts can probably buy half of Tokyo.
"Qilin, you are also engaged in finance, why don't you know how to adapt?"
“Bad debts will always be bad debts if they are left there without any solution, but we can definitely bundle them with other products with better returns and then securitize them!”
At that moment, Li Qilin seemed to have his five tendons and six meridians opened, and he suddenly became enlightened.
Is it profitable to securitize products with better returns?
Of course it is profitable, but it is bundled with bad debts and packaged into new financial products. The product returns may be less, but all risks are passed on to investors.
Not only can bad debts be sold quickly, but a large amount of funds can also be realized.
You must know that Wang Lei only spent 5 billion yen to buy 5000 trillion bad debts.
A little bit of cash can result in profits that are several times or even ten times higher!
This is why some funds seem to have good annualized returns, but every time you buy them, you are stuck.
Because the benefits are what tempts you to buy, you have no idea how big the pitfalls are behind the combination product you buy.
"Look at the buildings outside, I dare say that nine out of ten were cheated. It depends on whether you are the one who cheated or the one who was cheated." Wang Lei quoted a sentence from the godfather of "Genesis" to convince himself.
Li Qilin nodded in understanding and smiled:
"What about the small banks down there? I'm negotiating with you at a 5% discount and a [-]% rebate?"
"That will definitely not work. Ueno Heiji is a special case. If we hadn't driven him to a dead end step by step, he wouldn't be so easy to talk to."
Wang Lei thought for a while and said:
"Just buy bad debts at a 5% to 10% discount. The rebate is between [-]% and [-]%. The greater the discount, the more rebate we will give."
Li Qilin nodded, feeling full of energy.
Wang Lei also started drawing pie for him:
"In less than two years, we will become the largest subprime mortgage securities company in Sakurajima. The next step is to acquire a commercial bank on the verge of bankruptcy during the real estate bubble, and then sell these bad bonds to other financial institutions."
"Are we going to buy a big commercial bank?"
This is something that Li Qilin has never dared to think about since he entered the industry. Can he, the leader of the Black Dragon Society, transform into the president of a commercial bank?