The Underground Emperor: Starting with Running Away with His Sister-in-Law

Ding Xin smiled and nodded.

In reality, Ding Qing's estimate was too conservative; Ding Xin earned far more than that.

can only say...

According to Ding Qing's estimation, Ding Xin had at most raised around one billion US dollars.

Five times is five billion US dollars...

After deducting the principal of one billion, that means a net profit of four billion US dollars!

Actually.

But it's far more than that.

Ding Xin raised a total of 1.3 billion US dollars!

In the movie "The Big Short".

In mid-January, Dr. Berry cashed out all of her CDS mortgage-backed securities insurance under pressure from her clients.

The total return barely reached five times.

The current situation is completely different from that in the movie.

at the moment...

No one put pressure on Dr. Berry; Ding Xin completely let him manage things.

As long as he can report his current situation to Ding Xin regularly, that's fine.

So until now...

The Chuanren Fund still holds a large amount of CDS mortgage-backed securities insurance.

The good news is...

Currently, the payout ratio for CDS mortgage-backed securities insurance has reached seven times!

And it's still rising...

certainly...

Dr. Berry also provided his detailed plan.

I plan to cash out all my shares when the return reaches ten times, which is expected to be around April or May this year!

It's impossible to wait for it to keep rising indefinitely.

Given the current situation, the actual risk of holding the stock is already quite high...

It's not that it will decrease.

Prices are bound to rise, but the real concern is that if they rise to a certain level, American banks won't have enough funds to cover their debts.

To know.

The American housing market is currently on the verge of complete collapse...

Even the credit system, which had been stubbornly holding on, has now surrendered.

It can't be covered up anymore!

As time goes on, the debt crisis faced by major banks will become increasingly severe.

simply put...

The problem is that we don't have enough cash reserves...

To put it more bluntly, the fear is that if the bank goes bankrupt, these bond insurance policies will become worthless.

Ding Xin recalled for a moment.

The total collapse depicted in the movie seems to be occurring around July or August.

If the payment is made in April or May, there shouldn't be any major problems...

Therefore, we must do it!

Besides that, there's another reason...

Ding Xin is a South Korean who wants to safely retrieve the money from the collapsing American housing market...

If the amount is within 15 billion, it's barely manageable if the foundation handles it.

More...

I'm really afraid I won't be able to take it with me!

The risks involved are far too high!

and...

With such high returns, Ding Xin was actually quite satisfied!

Ten times the amount of 1.3 billion US dollars...

That's a full 13 billion US dollars!

After deducting the principal of 1.3 billion, as well as the commissions and handling fees that need to be paid, etc.

If everything goes smoothly...

Ding Xin's net profit from this wave could reach a staggering 11 billion US dollars!

to this end...

Ding Xin also opened eleven foreign exchange storage accounts in eleven banks in advance.

Each has a net worth of one billion US dollars.

Just waiting for the money to roll in...

......

Chapter 303 Lee Ja-sung's Birthday

of course.

Ding Xin would keep these gains to himself and would never openly discuss them.

Even Ding Qing couldn't say it.

The figure of four billion US dollars is reported, which is a lot, but not a lot either.

after all...

Currently, the market value of the Kinmen Group has reached eight billion US dollars.

In this way, even if Shi Dongchu and the others knew this, they would at most feel envious and jealous.

But what if Ding Xin revealed that his profits exceeded 10 billion yuan?

So...

Money moves people's hearts!

It might create a lot of unexpected trouble out of nowhere...

It’s really not necessary!

Our Uncle Ding is past the age of showing off!

He felt that compared to more than 10 billion US dollars, 4 billion was already a very modest figure.

However...

That's what he thought, but others didn't.

now...

Ding Qing was filled with deep regret!

What's with the arrogant attitude? Back then, he even lectured Ding Xin about not wanting this or that...

Is this a good game now...?

If only he had trusted Ding Xin more back then, and taken out some of his savings to gamble...

It shouldn't have come to this!

That's a fucking rip-off!

"Alright, why are you making such a long face? It's just a little bit of money!"

Seeing their sullen expressions, Ding Xin said irritably, "There are plenty of opportunities to make money. I'll take you out again next time..."

"Easy for you to say..."

Ding Qing, with a sullen face, muttered, "These kinds of opportunities don't come every day..."

"How not?"

Ding Xin put down his crossed legs, leaned forward slightly, and said mysteriously, "Right now..."

The words are not finished yet.