Chapter 154 Is it really going to be an earthquake?!

The National Day holiday has not yet passed, and people across the country are still immersed in the strong sense of pride brought by the National Day military parade. A piece of news came quietly from the Internet.

The repeatedly postponed "two-household" reform plan has finally taken new actions. According to foreign media reports, the US government will announce a proposal to gradually weaken the central role of Fannie Mae and Freddie Mae in the US housing market and eventually close or completely transform the two mortgage companies.

The report quoted several White House officials as saying that U.S. Treasury Secretary Geithner is expected to submit a "white paper" to Congress in the near future. The report believes that the plan will weaken the support for the property market as soon as possible.

The “White Paper” elaborates on three options to reduce the role of government in the housing mortgage market. The most conservative suggestion is that in addition to existing federal agencies, government will exit the housing mortgage market. The other two options are to suggest creating a new mechanism to provide partial support to the secondary mortgage market, which has always been dominated by "two-households". The report will also propose other reform measures in mortgage business, including strengthening lender protection; changing mortgage services to solve the problem that the industry cannot cooperate with lenders with lagging repayment; clearing out new measures for loan securitization and bundling loans to investors.

People familiar with the matter said that the purpose of the "white paper" is to attract people to return to the housing financial market and thus reduce government investment in mortgage bonds.

For the past few decades, "two-household" has played a central role in the U.S. housing market. Due to the importance of the matter, analysts expect that the final decision of the U.S. government on the fate of "two-household" may reach an agreement by the end of this year.

This news reveals a very dangerous information, that is, the "two-bedroom" companies in the United States are likely to be at the end of delisting or even completely bankruptcy.

However, although many people have seen such a report on the Internet, it has not attracted many people's attention. What does American companies have to do with us when they go bankrupt? This is the idea of ​​most Chinese people, and even many people are still thinking of making jokes. Americans hate them so much, and their company collapses even better.

However, there are also some people who are concerned about current affairs or are well-informed, and they also see the crisis from this news. These people know that two years ago, China's political companies bought a large number of bonds from two-bedroom companies. If the two-bedroom companies are delisted or even collapsed, wouldn't the national property suffer a significant loss?

October 7th, the last day of National Day holiday.

After attending the 60th anniversary ceremony of the National Day, Zeng Lingfeng did not return to Danxing immediately, but stayed in the capital, accompanying Kim Tae-hee, Huang Yiyi and Liu Xuefei.

On the afternoon of the 7th, Zeng Lingfeng and Liu Xuefei had just returned from Badaling Great Wall when they received a call, a call from the General Office of the State Council.

Zeng Lingfeng hurriedly sent Liu Xuefei back to his residence, drove the car and rushed to the State Council with a few bodyguards.

"Uncle Wen, I wonder what's so urgent?" Zeng Lingfeng and Lao Wen met, and asked directly without saying a word.

"Ling Feng, have you ever noticed the international news in the past two days?" Old Wen did not answer Zeng Lingfeng's question, but asked back.

Zeng Lingfeng shook his head awkwardly. He was immersed in the gentle country these days, feeling quite happy and unwilling to leave. He was not in the mood to pay attention to any international news.

"Then you can take a look at this first." Seeing Zeng Lingfeng shaking his head, Old Wen handed him a piece of information.

Zeng Lingfeng took it and saw that it was a report that the two-bedroom company in the United States might be closed, and it was in the English version, which was very original.

Zeng Lingfeng looked at it and felt very calm. Such a result was long as he expected. He even made great efforts to prevent the country from investing in the two-bedroom company, but he had only achieved no results.

After reading the information, Zeng Lingfeng sat there quietly without saying anything. In fact, after seeing such news, nothing he said was not appropriate.

Lao Wen felt a little embarrassed when he saw Zeng Lingfeng sitting there silently.

"Ling Feng, what do you think about this?" After a while, Old Wen saw that Zeng Lingfeng was still not planning to speak first, so he had to ask on his own initiative.

Zeng Lingfeng shook his head and said, "Uncle Wen, I have no new views on this matter now. All my views have been raised before."

Old Wen smiled awkwardly and said, "Then do you have any solution?"

Zeng Lingfeng smiled bitterly and said, "Uncle Wen, I am not a god, I am just a person, and I am just a twenty-four-year-old young man. How can I have such a despicable ability?"

Yes, the current situation has already entered a dead end. Without the ability to defies the heavens, it will definitely not be able to solve this dead end.

Although the global economy has shown signs of improvement since July this year, the US housing market is not here. In the past few months, the US housing market has not only not improved, but has even worsened.

Of course, this does not mean that Americans have risen during holidays, nor does it mean that Americans have no house to live in. They still live in low-priced houses and drive cars. What has deteriorated is the secondary market for housing mortgage loans like two-bedroom companies. In the past few months, the stock prices of two-bedroom companies have once again fallen from extremely low prices like one dollar to the abyss below, and even fell into the garbage price of twenty or thirty cents per share. It can be said that the forced delisting of the two-bedroom companies is just a matter of the US Securities Regulatory Commission.

"Ling Feng, there is really no room for recovery for this matter?" Old Wen asked unwillingly.

Zeng Lingfeng shook his head and said, "It is inevitable that the two-bedroom company will eventually go bankrupt, and it is inevitable that our investment will suffer a lot of losses. The difference is that the entire army is wiped out or the majority of the losses are also caused. Now, what we can do is to make a choice, whether to immediately escape from the edge of the bottomless abyss or fall into the bottomless abyss with you."

The old gentle god is serious.

This is an extremely difficult choice. No matter what choice is made, it will be extremely difficult, because it means trillions of losses of huge national property, which is a responsibility that no one can afford.

"Ling Feng, most of our investments in two-bedroom companies are purchased bonds issued by two-bedroom companies. It has been two years and will expire in one year. Moreover, in the past two years, the United States has paid interest in a very timely manner. The danger here should not be very large, right?" Old Wen asked uncertainly.

Zeng Lingfeng shook his head and said, "Uncle Wen, this cannot be viewed like this. We bought bonds from two-bedroom companies, not American government bonds. Although the two-bedroom companies are entrusted by American government agencies, they are not fully responsible for the state-owned enterprises in our country. Now the two-bedroom companies are facing the danger of delisting. Once delisting or even declared bankruptcy, no one can pay for our bonds."

"This shouldn't be the case. The amount of bonds of two-bedroom companies is huge, which is related to the credibility and national image of the US government. The US will not make rash decisions, but will have some care for the market. Moreover, not long ago, the US government invested 100 billion US dollars in the two-bedroom companies, which shows that the US government still has strong support for the two-bedroom companies." Old Wen said.

Zeng Lingfeng smiled but said nothing about this.

That night, Zeng Lingfeng did not leave Da Nei until around 8 o'clock in the evening. When Zeng Lingfeng and Lao Wen were discussing, no outsiders were present, so Zeng Lingfeng and Lao Wen discussed something, but no one knew.

However, the bodyguards found that Zeng Lingfeng was not in a high mood when he left. Obviously, the content and results of his negotiations with Lao Wen made Zeng Lingfeng not very happy.

Although there are so many reports on the Internet about two-bedroom companies in the United States, China has not taken any useful actions in investing in two-bedroom companies.

As time goes by, the stock prices of the two-bedroom companies are still falling.

In early November, the US Treasury Department announced the lifting of the $400 billion rescue cap originally set for "two houses".

And when time entered 2010, things changed again.

On January 6, 2010, the Federal Housing and Finance Bureau stated that it was preparing to delist its regulated shares of Fannie Mae and Freddie Mae from New York Stock Exchange, citing that the stock prices of the two companies have been poor for a long time.

According to the New York Securities Regulatory Commission, if the stock price of a listed company is less than USD 1 for 30 consecutive days, its stock will be delisted. Since September 2007, the prices of Fannie Mae and Freddie Mae common stock have been hovering around USD 1 in more than 30 days; in the past 30 days, the stock prices of Fannie Mae and Freddie Mae both fell below USD 1, hovering between 60 and 90 cents. In other words, the delisting of two-bedroom companies has become inevitable.

On January 8, New York and Chicago Securities jiāyi House stopped Fannie Mai’s common stock and preferred stock jiāyi before the opening of the market. Before the delisting, Fannie Mai’s stock price had fallen to 25 cents per share. Freddie Mai also delisted from the New York Stock Exchange on the same day.

Just the day before the two-bedroom company delisted, the two-bedroom companies announced that they would issue a new three-year new bond, which will expire on February 20, 2013.

News about the delisting of two-bedroom stocks also hurt China's capital market. Since the bankruptcy protection of Freddie and Fannie Mai at the end of 2007, news about China's holdings of huge two-bedroom bonds has spread like wildfire, with total holdings of more than $500 billion.

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Chapter completed!