Content occupies CCTV " world weekly " special report " Lei Man goes bankrupt 10 years " editor
This week, big decline one word appears often on western media. With last centuries the great depression of 30 time (The Great Depression) answer relatively, what big decline points to is the financial crisis that swept across the whole world to 2009 2007.
Its mark sex incident was on September 15, 2008, lei Man's brother of bank of the 4th large investment puts forward the United States that has 158 years of histories formally go bankrupt application.
The Lei Man employee that entertaining paper box walks out of the one act of the gate one after another, had made the world the classical picture on financial history.
After 10 years today, the aftereffect of this finance seismic sea wave still drops off not completely.
Stand on node of 10 years, all reviewing and think over to be in seeking same a problem, in those days whether can this economy crisis avoid?
Ba Fei of knight of delinquency white garment is specialOn September 6, " wall street daily " the website released a paragraph of video: The reporter with a ha scatters Wei Gong to manage presiding apparitor Ba Fei has exclusive special report especially to Bai Kexi Er. Face camera lens, buffett answers recall 2008 that banking crisis, say oneself ever received the telephone call of a banker, the other side plans to buy the Lei Man's brother that is close to going bankrupt, hope Bafeitedi is offerred assure.
Buffett lets him send a fax, write clear and detailed plan. Because banker is beautiful at that time couplet store in without electrograph, left a very detailed speech message to Buffett, regrettablly the convention that Buffett did not use speech letter box, till a year later, just discover to there is post in speech mailbox accidentally -- in those days, lei Man's brother announces to close down already 10 months.
Nevertheless Buffett expresses in interview, although oneself saw an information at that time, what can the result perhaps have to differ. Because be in early,Lei Man announces the half an year before going bankrupt, fu Erde of company presiding apparitor has contacted him to seek a help. He read the annual report of Lei Man's brother, discover among them a lot of critical items, make a decision at that time: Cannot borrow money to give Lei Man.
Hold water at the American firm Lei Man's brother 1850, it is the United States bank of the 4th large investment, by Germany Judaic and emigrant Lei Man 3 brother skill establishs. Lei Man's brother is going up the successful very old rate of 90 time is attributed to the century character of a legend -- manage checks heart · Fu Erde. 1966, fu Erde of 20 years old enters Lei Man's brother to jackaroo. 1994, fu Erde is appointed to be presiding apparitor of Lei Man. Below his leader, through effort of 14 years, lei Man's brother opened 60 many agency in world each district, have more than 28000 employee. Stock price also rose 20 times from every 4 dollars 1994, to every 82 dollars 2007.
Is Lei Man how accomplish this?
That markets profitable negotiable securities new product namely, CDS, namely crossing-over of credit break a contact. It is a kind of insurance that be aimed at borrower break a contact and establishs. Any investor, no matter be loan person, can buy CDS. Bank loan interest rate drops after 911 incident, the room borrows a condition to become comfortable. Then, on market of housing mortgage loan, the person buy a house of sub " can obtain large quantities of " that be by orgnaization assess loan. And wall street has these the " of " sub loan of the risk bales the form such as bond, resell gives adventurer, to extend sub loan financing.
Fu Erde thinks this kind of adventure is the necessary way that the company grows.
2007, lei Man already became the United States' biggest estate to mortgage bond bear sell one of business. In those days in August, investor buys bond over there Cong Leiman's brother, 1 dollar meets every defray drag in arrives those who be as high as 44 dollars is leasehold, this is financial lever. And most adversary of Lei Man is returned at that time is 20 times lever rate of the left and right sides.
Be in 2007, american economy appeared the evidence of overheat, beautiful couplet store begin to raise interest rate. The person borrow money with a few inferior income cannot assume the month that lifts substantially to offer, bring about for grow in quantity, from this house price drops, second borrow the crisis to erupt. Global economy one ground rubble.
On September 15, 2008, lei Man's brother announces to go bankrupt. Use tall lever to manage the Lei Man's brother of mode, became second borrow the victim with the famousest crisis.
Of Lei Man going bankrupt is not the United States second the terminus that borrows the crisis, was 2008 however the mark sex hour in global banking crisis, so that after 10 years, people still regards seismic sea wave of a finance as the pronoun of advent with " of hour of " Lei Man. Its insolvency is become financial crisis is medium 2008 hour of sex of a mark.
After Lei Man goes bankrupt 10 years, what did we learn?In the economy since 20 centuries history go up, almost every other can produce large economic bubble crack 10 or so years. As globalization, the coupling of world economy is more and more close together, bubble cracked bow wave is bigger and bigger also.
Current, before than 2007 financial crisis erupts, global debt returns tower above 40% , england takes off Europe, Telangpu to be elected, the situation that global occurrence protectionism looks up.
On September 17, website of the White House issues statement, announce to will was opposite formally on September 24 China of about 200 billion dollar is defeated by beautiful product to add impose the custom duty of 10% . This is regarded as pair of free trade to be destroyed of order again.
Since this year, argentine currency devalues than all alone more than 50% , countrywide prices soars.
England " defend a newspaper " think, argentine economy crisis, expose the new superintendency loophole of " of period of crisis of the banking after giving " .
On September 14, greek before finance minister Walufajisi (Yanis Varoufakis) express: "We need to build a new mine to pause silvan system, the devil financial crisis is new coop bottle. The devil financial crisis is new coop bottle..
Institute of Stanford university introduced from the northern and western nationalities or from abroad Buddha is advanced Ferguson says the researcher: "I think crisis of a banking has been in burgeoning economy system happen.
Ceng Zhun forecasts truly the Lubini of financial crisis also issued a warning 2008: "Economic progress can put delay 2020, financial environment will be tightened up, to the United States character, recently global economic come to a standstill, will be in 2020. Will be in 2020..
And those who make a man of insight anxious is, once new crisis erupts, whether is each country still put in the foundation that takes action jointly. British premier holds the position of when financial crisis happened 2008 Braun accepts when interviewing, say: "2008, 2009, we can collect all countries together, everybody thinks they have common cause, won't responsibility of each other shirk. But made trade war now, everybody did not have cooperative spirit, have dissension and protectionism only. If appear,what I fear is new financial crisis, each countries are met mutual shirk responsibility, is not to take action jointly resolve the crisis. is not to take action jointly resolve the crisis..
Whether can Lei Man crisis return?
" Washington Post " the answer that give out is: "Yes, it returns possible stage a come back. Because be beautiful type,capitalist blemish caused prosperity and flat odd group. Because be beautiful type,capitalist blemish caused prosperity and flat odd group..
After financial crisis, although international society is superintended to boost international finance,made indefatigable effort, but in the near future, the developed country such as the United States stems from the consideration of self interest, appeared the trend that conservatism, protectionism looks up.
This also turns global banking system to new crossroad.
