However, Wang Tianyou was still a young man. He was very curious about Lu Feng's method, so he directly asked Lu Feng to explain how to operate it.
Since Wang Tianyou had said it, how could Lu Feng object? Hence, he introduced his method to Wang Tianyou.
"Young Master, this matter is a little complicated. First, we need to find a tramp in the bald eagle. After signing a large debt contract with him, he bought a building in a prosperous area in the name of a homeless man.”
"Next, we need to find the S P rating agency to rate the building. The building was located in a busy area. As long as the building was not too shabby, it would not be too difficult to get an AAA rating.”
"Next, we'll invite Moody's to do a rating. If he was not mistaken, he would probably be rated as an AAA-level too.”
Hearing Lu Feng's words, Wang Tianyou was a little confused. He didn't know what Lu Feng wanted to do. At this moment, Lu Feng spoke again,
"With these two ratings, the initial arrangements are complete. Next, we can get someone to mortgage the building to the branch of the Hong Kong and Shanghai Bank in California with the rating certificate of the Standard and Poor's.”
"Yes, continue." Wang Tianyou felt that it was interesting to mortgage the building to the branch of the Hong Kong Bank in California. He signaled Lu Feng to continue.
"Young Master, as you know, loans are popular in Bald Eagle. Buildings with high S P ratings can definitely borrow a lot of money. Let's have a good talk with them and borrow as much as we can.”
"Then, I will use the money I borrowed to buy a street with more dilapidated buildings in a remote place in the name of this homeless man.”
"Well, why did you buy a street in a remote place with more dilapidated buildings?”
"Young Master, you're doing this to steal a beam and replace a pillar!”Hearing Wang Tianyou's question, Lu Feng smiled and explained,"According to the laws of the bald eagle, the owner of the entire street can change the name of the street.”
"On the evaluation certificate, only the name of the street will be written. As long as we change this street to the street name of the building that was pledged to the California branch of the Hong Kong Bank, and according to the information on the Moody's certificate, we can modify and repair the broken buildings on this street. Finally, we can change the name of the bustling street and all the buildings on this street to the name on the certificate.”
"This way, we can use Moody's rating to mortgage those buildings to the California branch of the Hong Kong branch.”
Hearing Lu Feng's words, Wang Tianyou was even more confused." Lu Feng, this operation doesn't seem to be of any use.”
"Young Master, this matter isn't over yet." As he spoke, Lu Feng continued,"Next, we will transfer the money we borrowed from the homeless man through financial operations.”
"After that, we'll sue the tramp based on the previous debt contract and ask him to file for bankruptcy. In this way, we will have half of the ownership of the buildings in the bustling area. However, when the homeless man went bankrupt, the California branch of the Hong Kong Bank not only lost half of the money in the busy street building, but also lost the money loaned out by the remote street building.”
"The scale of the Bank of China is not small. An incident like this might not have much of an impact on it. But what if there were more of such things?”
"Young Master, it is precisely because I want to do this on a large scale with the bald eagle that I need a large investment. However, Young Master, don't worry. If this kind of operation is done well, not only will we not lose money, but we might even earn a lot of money.”
Wang Tianyou didn't care if he could make money from this. What he cared about was whether it was safe or not. He could tell now that this was a scam.
Seeing Wang Tianyou's hesitant expression, Lu Feng knew what Wang Tianyou was worried about. He said,
"Young Master, although this is a scam, no one has ever done this before. In addition, the bald eagle is relatively lenient on mortgage loans, so the possibility of being seen through is not high. Moreover, we won't be directly involved in this matter. Even if it's exposed, it won't implicate us.”
"Alright then!" He had to solve the problem with the Huifeng Corporation. Wang Tianyou had no other choice but to agree.
"When you're operating, find someone reliable. If you don't have a suitable candidate, Smith is helping me acquire the company in Bald Eagle. You can ask him to think of a way.”
"Yes, Young Master!" Hearing Wang Tianyou agree, Lu Feng immediately went down to make arrangements.
In the following days, the head of the California branch of the Hong Kong and Shanghai Bank was so excited that he could wake up laughing from his dreams. Because recently, a large number of people came to them with the ratings of Standard Poor's and Moody's.
These were all high-quality assets. With these assets as collateral, the bank would not lose money. This way, his performance this year would increase by a lot, and his promotion and raise would no longer be a dream.
Therefore, the head of the California branch of the Hong Kong and Shanghai Bank did not refuse anyone. Not only did he release all the money in his bank, but he also borrowed a large sum of money from other banks and also lent it out.
Next, Lu Feng calculated that it should be about time. Under his command, the people who borrowed money from the California branch of the Hong Kong Bank went bankrupt in batches.
The person in charge of the California branch was stunned when he received so many bankruptcy applications. However, at this time, he had yet to realize the seriousness of the matter and wanted to hold on.
However, when the matter was leaked out and the California branch was run on, the head of the California branch finally couldn't take it anymore and reported it to their headquarters in Xiangjiang.
Hearing this, Shen Bi immediately remembered that Wang Tianyou had planned to buy over the Hong Kong Bank. He knew that this was most likely a trap set up by Wang Tianyou.
However, before Shen Bi could think of a solution, the matter of the California branch was leaked, causing the stock price of Qingfeng to plummet.
Seeing that the stock price of the Hong Kong and Shanghai branch was plummeting, Wang Tianyou knew that the time had come. He immediately held a press conference to announce that the company that controlled the God of Wealth Financial Group was going to acquire the Hong Kong branch.
Lu Feng had been waiting for Wang Tianyou's news in the stock market for a long time. As soon as Wang Tianyou announced his hostile acquisition of Qingfeng, he immediately began to sell off the shares that he had bought some time ago.
Lu Feng's intention was to ruin the market. Moreover, he had enough time to prepare. He had a lot of shares in the Bank of China. Coupled with the negative impact of the California incident, even if the Bank of China used all its strength, it would not be able to support his stock price.
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