The positioning of rating agencies in the United States is very special. It can be said that in such a credit society, the rating of these agencies plays a decisive role.
But right now.
They seem to have forgotten their duties. They take umbrellas in rainy days and give umbrellas in sunny days.
Hey, if you can''t satisfy the lust of these bastards. These bastards can not only collect umbrellas, but also make artificial rainfall.
Unfortunately, this time, they seem to have gone too far.
Everyone knows the great depression in the history of the United States. Some people say that it is the result of overproduction. It is also said that this is the reason for trade protection.
Actually, all of these make sense. But the most important point, but no one to say.
Do you know why the securities law of the United States is so mean?
The inversion of proof is the so-called proof by the defense. Let''s put it this way. All transactions that are bought before the good news is announced are suspected of insider trading. If it seems obvious, that is to say, several obvious large transactions are regarded as insider trading, and the traders are informed to prove that they have no insider trading.
As you can imagine, it''s very difficult to identify your innocence. Since it is usually difficult to prove that there is no insider trading, the trader who has been corrected usually pays a fine or goes to jail.
You see, even if William White had foresight, it was impossible to do anything short-term. If you don''t have the basic investigation in advance, you can''t explain the subsequent investment behavior at all.
If you can''t explain it, you can lose money. Three times the profit as a fine, if you can''t get it out, you can go to jail. Although it''s a five-star prison, jail is jail, which is nothing to say.
Seventy years on, Wall Street seems to have forgotten the pain of the great depression.
Hehe, the basic reason why the capital market had no money at that time was that there were too many swindlers.
Performance fraud?
This is too normal. Anyway, these guys are easy to cheat. Let alone fictitious performance, fictitious enterprises are normal. At that time, only one natural rubber company was involved in all over the world.
When it comes to insider trading, there''s no way to manage it. It''s normal to have such a thing. If not, it''s a strange thing.
Unfortunately, duck hair can be pulled out, but you can''t go too far. It would be great if the duck didn''t suffer.
But what about you?
Kill the duck!
As a result, there are no retail investors in the capital market. As long as we talk about the securities market, everyone will be shocked. You can tell us what kind of market is there without ordinary investors.
"Hard to understand? Filson, there are too many involved in this. If you say Enron online, you don''t need to say that those idiots have messed up. They don''t know how to play Internet finance.
As a matter of fact, I''m confused now. I can''t do anything to build a full coverage payment system now. They''re going to do it all at once. "
Phelson can''t help laughing that white investment is far ahead of the Internet sales concept. When he just got Enron''s online information, he was still a little surprised, but after studying it later, he really lost interest.
You are too bullshit. If this is OK, what is our world mall. In order to shorten the delivery time between banks, he has made a big head here. It''s like a joke that you can complete the delivery with a new thing.
"Boss, Enron online is not worth mentioning. It''s more like an ERP system in an enterprise. After investigation, we found that they seem to have encountered some troubles in a recent project in a San. "
"Ah San. Calcutta or Mumbai? Forget it, I don''t want to know. This investment should be power plant. "
"Well, yes, it''s a big project. Now some people claim that Enron used very immoral means in this process. "
"Hahaha, hahaha, it''s killing me, it''s killing me, there will be such accusations.
It seems that only the hatred among peers is the hatred of hongguoguo.
They can''t move an inch of land without money. "
"Well, there seems to be something wrong now. We find that they are trying to cover it up.
In this way, the project will be far away. It''s a large project with billions of dollars. This is the so-called internationalization. "
William White has a joking face. In addition to expressing his admiration for the company he has the courage to cooperate with A-San, he may just ridicule it.
"Philson, giving money needs cultural accumulation.
More junior, or invite to participate in an activity, or sponsor a charity project, even if this situation is known, at most it is illegal.
However, this one doesn''t work in ah San. Their demands are quite straightforward.
Well, take some money out, or it won''t be discussed. "
Phelson grins bitterly. Now he seems to understand why the boss is not interested in this market at all. The same population, the same weak foundation, big rabbit is too good. At the very least, we have to do things when we get money, which will never go wrong.However, ah San''s brain circuit is not like this. The advantage is necessary, and help is impossible. If you ask him why he doesn''t work for Mao, you will get a shrug. In a word, these guys'' shoulder movements are very distinctive. Anyway, the neck is not easy to use, do not study, your neck will suffer.
"Boss, just now, Da Mo gave a buying suggestion, with a target price of $130.
Boss, can we consider shorting a wave
William White closed his eyes. To be honest, he didn''t want to be in trouble at all. If he wants to short, he is willing to short big mo. There are too many forces involved and the consequences are too serious. He wasn''t even sure if the United States would usher in a second Great Depression if it did.
It''s so similar. One Enron and one WorldCom directly broke the hypocrisy of Wall Street. All along, you have been fooling ordinary investors, from rating agencies to accounting firms to investment banks. This is a complete trap.
Such a sensational deception can be ignored. In such a capital market, what investors do you expect? If you don''t make clear the issues of supervision and responsibility, there will be no further investment.
The original world is terrible enough. If William White expands this kind of damage, the final result will be disastrous. How much money can he make by shorting? Once he declares bankruptcy protection, this game can''t be played at all. If the Dow Jones collapses directly, won''t he cry without tears.
"Philson, it''s too big. Almost all the investment banks are involved. The stars of Wall Street are so terrible."
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