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Chapter 172 Subprime mortgage idea

Author: Naive Vertical Pupil

Chapter 172 Subprime mortgage idea

The next morning, Rock arrived at the farm estate and greeted Damon.

"Have you found all the people?"

"Of course." Damon nodded: "There are thirty-two people in total, all of them were caught."

"There are quite a lot of people." Locke smiled. The team of liars that Jesse joined was a complete chain.

This has also been shown in the movie. At least seven or eight people gathered in a secret base to sort out the stolen goods and cash obtained by various means, which did not include those who took action to cooperate.

Damon told Locke in detail the results of the overnight interrogation. Jesse randomly looked for targets in the bar, and Barney, who was wearing a high-end custom suit, was naturally noticed, and there was a series of things that followed.

If it was just cash watches and credit cards, it was really hard to investigate. Damon was able to catch people, thanks to the sports car that Barney lost.

Damon found the local gang that sold stolen cars, then stared at several main members, and then found their strongholds to catch them all.

"That Jesse started lying on the streets of New York as a teenager, and easily spotted Mr. Barney's crappy stalking, and then..."

Damon shrugged his shoulders. These people were indeed veterans. After discovering Barney, they soon had a follow-up response plan.

"Okay, bring these people to see me." Locke said to Damon: "Although this kind of person is shameless, it may be useful at any time."

Damon nodded. After Locke recently asked him to transfer the people he received from Mexico to a mysterious man, he guessed that Locke would probably not arrange for him to do some work against gangs in the future.

In other words, he will completely transform into the security company manager next.

This is actually not a bad thing. After all, if you can go on a clear and upright path, no one will choose to do things that are shameful.

In the living room of the farm estate, Locke met the core members of the gang. Jesse and Nick both had familiar faces, as well as the fat man with messy hair, Falder, a credit card expert.

Since his appearance cannot make him the protagonist, he can only rely on his ability to make a living.

"I think one night is enough for you to understand something about me." Locke said to the three with a smile.

"Yes, Mr. Locke Lee, the hottest billionaire in New York now. Although you have always kept a low profile, I have heard a lot of rumors about you on some occasions." Nick said.

"So how do you think people like me will deal with the guys who cheated my friend."

Lock said and gave Damon a look. Damon took out his gun knowingly, opened the security with a click, and pointed it at the back of Nick's head.

"Sir, please give me five minutes." Nick said quickly: "I have an idea. If you are not satisfied after hearing this, I am willing to take them to apologize to your friends."

"No problem, I'm not in a hurry." Locke looked at Nick leisurely.

Nick hesitated and looked at Jesse and Falde: "Sorry, the next thing I said involves a brother's secret, so please give me some private time."

Jesse and Falde did not react much. After all, although they are collaborators of the same team, there will be no real life-and-death relationship between the liars.

After saying that, Nick looked at Locke.

"Yes, Damon took two friends to visit the manor." Rock said.

"Okay." Damon nodded and took Jesse and Falde away.

"So what do you want to say?" After the two of them left the reception room, Lock poured two cups of tea with a teapot, pushed Nick a cup, and then asked.

"Thank you." Nick felt more confident when he saw this. It seemed that although Locke was from Texas, he obviously did not have the habit of discriminating against black people there.

"Sir, I don't know if you have heard of Gary Bernard and Joel," Nick asked.

"Of course I've heard of them. They did a big thing in Texas more than 20 years ago." Locke said: "You have something to do with them?"

The two people Nick mentioned reminded Locke of a movie called Banker I had watched before, the protagonist was Gary Bernard.

He was a black man from Texas. With the money he saved, he worked with another black man Joel in California, paid a lot of money on real estate, and then after a trip back to Texas to visit relatives, he came up with the idea of ​​helping his fellow blacks.

So he arranged a white man as a representative and acquired a bank to provide loans to his fellow blacks so that they could buy houses in good neighborhoods.

It went smoothly at first, but then some problems occurred. The white representative wanted his own career and did not want to be a puppet, which encouraged the two to acquire a second bank he controlled again.

But the white representative ended up messing up. There was a problem with the bank's loan account, and federal institutions began to intervene. As a result, the two black people acquired the bank were exposed.

At that time, such things were not allowed in the unspoken rules, especially in the more conservative Texas.

This incident caused a great response. At the same time, due to bank accounts, Gary and Joel were both imprisoned for three years and confiscated all their property.

"You have something to do with them?" Locke didn't expect that Nick would have something to do with them, but the movie focused on it did not tell the specific origin of Nick.

"To be precise, it's a little bit related to their son Garrett," Nick said. "After what happened that year, Mr. Bernard and Mr. Joel left the United States.

But ten years ago, after they made money, they returned here and came to New York, which also gave me the opportunity to meet Mr. Bernard's son Garret, who helped me a lot.

Now Garret wants to develop in real estate, but due to the limitations of funding, he has not yet implemented it. This is his idea…”

After hearing Nick's words, Locke thought to himself that this is not a subprime loan. This thing is no longer new now. It has brought about the subprime mortgage crisis in more than ten years, but if you really count it, this thing does have the potential to make a fortune.

Use the bank to issue loans, and then you can package and sell the subprime mortgage contract to Wall Street at 30% of the quality and 70% of the subprime mortgage contract.

In this way, banks can not only earn loan interest from high-quality customers, but also develop a large number of borrowers with poor credit and low income to become customers.

He can even get back the loaned money from Wall Street quickly and earn another handling fee.

This is like many financial games. It is essentially just a passing flower. As long as you don’t become the last one, there will be no loss.

However, Locke is not suitable for himself to do this. It is too cumbersome. At the same time, if there is a storm in the future, it may cause some trouble.

The idea-loving guy Nick introduced may be the best candidate. The reason why subprime mortgages cannot be maintained is that in addition to being too busy playing, the important point is that housing prices no longer rise.

As long as you pay more attention and notice the danger in advance, it will not be a problem to withdraw. As for whether this young man can resist the temptation and withdraw after that, it may not be certain.

In the face of greed, too many smart people have failed.

"Your friend is a very ambitious man, just like his father." Locke thought for a while and said, "He wants to work for me?"

"To be precise, he's been looking for a partner." Nick said carefully.

"I will arrange someone to discuss cooperation with him. What I want to talk about next is your problem." Locke said slowly:

"I have a cash in my hand. You can choose a few trustworthy ones in your team and follow my request and take the money to circle around.

If the completion is good, forget about this matter, and there will be bonuses, but don’t touch your current business in the future.”

The money Locke mentioned was the cash of the Cordis family, because he had been busy with the pound crisis. For so long, Locke only cleaned up some of the money and gold, and most of it was used to pay Damon and others.

There is still 100 million US dollars in cash left. Locke is preparing to invest in the East Country to buy some fixed industries in advance. As for Nick and others, Locke contacted Catalia and looked at her, not afraid of Nick and the others having any little thoughts.

It’s not that Locke looked down on Nick and the others, the liars are not outlaws, and Catalya’s mind is also delicate enough to deal with them.

Nick now heard that Locke was planning to let him work with him, and agreed without hesitation.

For people like them, having a backer can reduce sentences to the greatest extent even if there is a problem and go to jail. This is a good thing that many colleagues are unlucky.

And at this time, he had no choice but to refuse to agree.

(End of this chapter)