I Came, I Saw, I Conquered!

Markbaum meticulously flipped through the documents in his hands. These were the analysis reports Zhang Yu had spent sleepless nights compiling, detailing why the subprime mortgage market was destined to collapse.

"Come on, what's my little bit of money compared to that? Wall Street is too deep, I can't handle it," Markbaum chuckled self-deprecatingly. "I heard that a fund manager on Wall Street named John Paulson already bought $2 billion in CDS and is likely to increase his position. He was just an unknown nobody before, and they say Soros is backing him."

"How much capital do you have? If it's too little, I'm afraid I can't help you," Markbaum asked, a hint of surprise in his voice.

"Its operating principle is like this: Zhang Yu puts up $40 million, adds a 10x leverage, and buys a CDS product worth $400 million with a 3B rating. But he doesn't need to directly give Deutsche Bank $400 million. This is why he's helping Markbaum."

His voice wasn't loud, but to Markbaum, it sounded exceptionally cold.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed. Zhang Yu didn't rush him, waiting patiently by his side.

"Of course, I've been waiting for this day," Zhang Yu's lips curled into a smile.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

"..."

There was no response from the other end of the phone.

"That's right. Are you free on Monday? I've made an appointment with Greg Lippmann to go to Wall Street to complete the transaction," Markbaum said.

"So I need to make more money."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

Soon, an hour passed. Markbaum's brow furrowed deeper, and he had reached the end of the document.

"Tens of millions are crying, and we are laughing heartily!" He turned to face west, towards the entrance of Butler University, but his gaze was distant, as if piercing through thousands of kilometers to see the Golden Gate Bridge standing on the distant West Coast.

This was a perfect financial instrument for shorting subprime securities.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

Zhang Yu came back to his senses and followed, heading to Deutsche Bank with Markbaum and his assistant and bodyguard.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

Only by signing the ISDA Master Agreement could one trade high-risk financial derivatives. This qualification was what Zhang Yu needed.

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"Alright, you're right, you cold-blooded animal..." Markbaum's voice was full of helplessness. "I'm already contacting Greg Lippmann and preparing to invest $1 billion, with maximum leverage, converted into CDS."

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Tens of millions are crying, and we are laughing heartily!"

"Of course, this is a financial crisis that will affect the entire world. Many people will lose their fortunes, and millions of ordinary people will lose their homes." Markbaum's voice sounded furious.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"Clearly, many loan contracts stipulate that adjustable rates will take effect in 2007. By then, interest rates will soar, and many people will be unable to repay their suddenly doubled loans. The default rate on subprime loans across the USA will skyrocket, and the entire subprime market will explode like a balloon." Zhang Yu said calmly.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

"Ronan, what are you spacing out for? Let's go." Markbaum called out from ahead.

They found the chief trader for Deutsche Bank's CDS products, Greg Lippmann. Markbaum put up $500 million, and Zhang Yu put up $40 million. Both added 10x leverage, purchasing CDS products worth $5 billion and $400 million respectively.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

His voice wasn't loud, but to Markbaum, it sounded exceptionally cold.

"Mark, I think I can already see the future."

This was a gamble of everything, a crazy trade.

Zhang Yu watched the departing car, a faint smile appearing on his face.

"Come on, what's my little bit of money compared to that? Wall Street is too deep, I can't handle it," Markbaum chuckled self-deprecatingly. "I heard that a fund manager on Wall Street named John Paulson already bought $2 billion in CDS and is likely to increase his position. He was just an unknown nobody before, and they say Soros is backing him."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"We don't need to worry about others. As long as we get our share, that's enough," Zhang Yu comforted him.

"Thanks."

"Then I'll trouble you." Zhang Yu said gratefully.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

"Ronan, thank you. If it weren't for you, I would have continued to short subprime securities. When the market collapses, I would have gone bankrupt and had to jump off a building. I owe you a favor, a big one. If you ever need help, just ask."

Since Markbaum could short subprime securities, he must have signed the ISDA Master Agreement.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

In his previous life, although he was an investment analyst, he had never been here. Now, as a basketball head coach, he stepped onto this street with a fortune.

"What is your dream? To become a billionaire? If that's the case, I think you're about to achieve it," Markbaum said with a smile.

He had heard a lot about Zhang Yu from Rickert. This young man was supposedly studying in the USA on a scholarship, with an ordinary family background. Where did he get the money to dabble in the financial markets?

On Monday, Zhang Yu took Markbaum's private jet and accompanied him to New York.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

Zhang Yu pondered for a moment and said, "$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

Zhang Yu thought for a moment and slowly said:

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"That's right. Are you free on Monday? I've made an appointment with Greg Lippmann to go to Wall Street to complete the transaction," Markbaum said.

"Wow, an NBA team owner in his twenties? This is truly... crazy! But the real estate market is about to collapse, what's impossible? Go for it, man!"

"Haha, Mark, you're a capitalist, why have you become so sentimental? This is the fault of the American financial system. We can't stop it, we can't even delay it. The dollars we earn are what matter." Zhang Yu laughed.

"I do have something I need your help with."

"Ronan, what are you spacing out for? Let's go." Markbaum called out from ahead.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"You can say whatever you want." Markbaum was not surprised at all. He didn't think his charm was enough to make Zhang Yu run around for his business.

Markbaum meticulously flipped through the documents in his hands. These were the analysis reports Zhang Yu had spent sleepless nights compiling, detailing why the subprime mortgage market was destined to collapse.

"Then I'll trouble you." Zhang Yu said gratefully.

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

He was not an American and didn't have much sympathy for Americans.

"Wow, $1 billion! Mark, why are you still in Indiana?"

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

"Uh..." Markbaum was still speechless...

This was why he was helping Markbaum.

"So I need to make more money."

"Thanks."

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"Thanks."

Although he had $40 million, CDS were not sold on the open market, so he couldn't buy them. If subprime securities continued to rise slightly, he would only need to pay a monthly premium of 1% of $400 million, which was $4 million, until the $40 million was gone.

Markbaum meticulously flipped through the documents in his hands. These were the analysis reports Zhang Yu had spent sleepless nights compiling, detailing why the subprime mortgage market was destined to collapse.

The car fell into silence. After a while, Markbaum spoke solemnly:

CDS products correspond to COD bonds in the subprime market, divided into different ratings from highest to lowest: 3A, 2A, A, 3B, 2B, B. Among them, 3A-rated bonds are government-guaranteed high-quality bonds with the lowest risk and lowest yield. B-rated bonds are the riskiest with the highest yield.

"Of course not, I want to be an NBA championship coach."

"Alright, you're right, you cold-blooded animal..." Markbaum's voice was full of helplessness. "I'm already contacting Greg Lippmann and preparing to invest $1 billion, with maximum leverage, converted into CDS."

Since Markbaum could short subprime securities, he must have signed the ISDA Master Agreement.

"Clearly, many loan contracts stipulate that adjustable rates will take effect in 2007. By then, interest rates will soar, and many people will be unable to repay their suddenly doubled loans. The default rate on subprime loans across the USA will skyrocket, and the entire subprime market will explode like a balloon." Zhang Yu said calmly.

"It's okay, I was just lucky. I made a successful investment in the last two months." Zhang Yu laughed.

Markbaum meticulously flipped through the documents in his hands. These were the analysis reports Zhang Yu had spent sleepless nights compiling, detailing why the subprime mortgage market was destined to collapse.

This was the financial center of the world, Wall Street...

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

"Haha, Mark, you're a capitalist, why have you become so sentimental? This is the fault of the American financial system. We can't stop it, we can't even delay it. The dollars we earn are what matter." Zhang Yu laughed.

Only by signing the ISDA Master Agreement could one trade high-risk financial derivatives. This qualification was what Zhang Yu needed.

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

He was not an American and didn't have much sympathy for Americans.

"Wow, an NBA team owner in his twenties? This is truly... crazy! But the real estate market is about to collapse, what's impossible? Go for it, man!"

"Wow, $1 billion! Mark, why are you still in Indiana?"

"Ronan, thank you. If it weren't for you, I would have continued to short subprime securities. When the market collapses, I would have gone bankrupt and had to jump off a building. I owe you a favor, a big one. If you ever need help, just ask."

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

"Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

"Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"Of course, I've been waiting for this day," Zhang Yu's lips curled into a smile.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

This was the first time he had spoken of his goal to anyone. If he wasn't going to short the subprime market with Markbaum, he wouldn't have told anyone.

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"It's okay, I was just lucky. I made a successful investment in the last two months." Zhang Yu laughed.

"Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

"..."

There was no response from the other end of the phone.

"That's right. Are you free on Monday? I've made an appointment with Greg Lippmann to go to Wall Street to complete the transaction," Markbaum said.

"So I need to make more money."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

Soon, an hour passed. Markbaum's brow furrowed deeper, and he had reached the end of the document.

"Tens of millions are crying, and we are laughing heartily!"

He turned to face west, towards the entrance of Butler University, but his gaze was distant, as if piercing through thousands of kilometers to see the Golden Gate Bridge standing on the distant West Coast.

This was a perfect financial instrument for shorting subprime securities.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

Zhang Yu came back to his senses and followed, heading to Deutsche Bank with Markbaum and his assistant and bodyguard.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

Only by signing the ISDA Master Agreement could one trade high-risk financial derivatives. This qualification was what Zhang Yu needed.

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"Alright, you're right, you cold-blooded animal..." Markbaum's voice was full of helplessness. "I'm already contacting Greg Lippmann and preparing to invest $1 billion, with maximum leverage, converted into CDS."

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Tens of millions are crying, and we are laughing heartily!"

"Of course, this is a financial crisis that will affect the entire world. Many people will lose their fortunes, and millions of ordinary people will lose their homes." Markbaum's voice sounded furious.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"Clearly, many loan contracts stipulate that adjustable rates will take effect in 2007. By then, interest rates will soar, and many people will be unable to repay their suddenly doubled loans. The default rate on subprime loans across the USA will skyrocket, and the entire subprime market will explode like a balloon." Zhang Yu said calmly.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

"Ronan, what are you spacing out for? Let's go." Markbaum called out from ahead.

They found the chief trader for Deutsche Bank's CDS products, Greg Lippmann. Markbaum put up $500 million, and Zhang Yu put up $40 million. Both added 10x leverage, purchasing CDS products worth $5 billion and $400 million respectively.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

His voice wasn't loud, but to Markbaum, it sounded exceptionally cold.

"Mark, I think I can already see the future."

This was a gamble of everything, a crazy trade.

Zhang Yu watched the departing car, a faint smile appearing on his face.

"Come on, what's my little bit of money compared to that? Wall Street is too deep, I can't handle it," Markbaum chuckled self-deprecatingly. "I heard that a fund manager on Wall Street named John Paulson already bought $2 billion in CDS and is likely to increase his position. He was just an unknown nobody before, and they say Soros is backing him."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"We don't need to worry about others. As long as we get our share, that's enough," Zhang Yu comforted him.

"Thanks."

"Then I'll trouble you." Zhang Yu said gratefully.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

"Ronan, thank you. If it weren't for you, I would have continued to short subprime securities. When the market collapses, I would have gone bankrupt and had to jump off a building. I owe you a favor, a big one. If you ever need help, just ask."

Since Markbaum could short subprime securities, he must have signed the ISDA Master Agreement.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

"Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"Of course, I've been waiting for this day," Zhang Yu's lips curled into a smile.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

This was the first time he had spoken of his goal to anyone. If he wasn't going to short the subprime market with Markbaum, he wouldn't have told anyone.

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"It's okay, I was just lucky. I made a successful investment in the last two months." Zhang Yu laughed.

"Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

"..."

There was no response from the other end of the phone.

"That's right. Are you free on Monday? I've made an appointment with Greg Lippmann to go to Wall Street to complete the transaction," Markbaum said.

"So I need to make more money."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

Soon, an hour passed. Markbaum's brow furrowed deeper, and he had reached the end of the document.

"Tens of millions are crying, and we are laughing heartily!"

He turned to face west, towards the entrance of Butler University, but his gaze was distant, as if piercing through thousands of kilometers to see the Golden Gate Bridge standing on the distant West Coast.

This was a perfect financial instrument for shorting subprime securities.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

Zhang Yu came back to his senses and followed, heading to Deutsche Bank with Markbaum and his assistant and bodyguard.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

Only by signing the ISDA Master Agreement could one trade high-risk financial derivatives. This qualification was what Zhang Yu needed.

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"Alright, you're right, you cold-blooded animal..." Markbaum's voice was full of helplessness. "I'm already contacting Greg Lippmann and preparing to invest $1 billion, with maximum leverage, converted into CDS."

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Tens of millions are crying, and we are laughing heartily!"

"Of course, this is a financial crisis that will affect the entire world. Many people will lose their fortunes, and millions of ordinary people will lose their homes." Markbaum's voice sounded furious.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"Clearly, many loan contracts stipulate that adjustable rates will take effect in 2007. By then, interest rates will soar, and many people will be unable to repay their suddenly doubled loans. The default rate on subprime loans across the USA will skyrocket, and the entire subprime market will explode like a balloon." Zhang Yu said calmly.

"After all, if you get involved, the financial crisis will become even more severe. While it won't affect the overall situation, I imagine there will be thousands or tens of thousands more homeless people. You're so kind, you wouldn't make this kind of ill-gotten money."

"Ronan, what are you spacing out for? Let's go." Markbaum called out from ahead.

They found the chief trader for Deutsche Bank's CDS products, Greg Lippmann. Markbaum put up $500 million, and Zhang Yu put up $40 million. Both added 10x leverage, purchasing CDS products worth $5 billion and $400 million respectively.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

His voice wasn't loud, but to Markbaum, it sounded exceptionally cold.

"Mark, I think I can already see the future."

This was a gamble of everything, a crazy trade.

Zhang Yu watched the departing car, a faint smile appearing on his face.

"Come on, what's my little bit of money compared to that? Wall Street is too deep, I can't handle it," Markbaum chuckled self-deprecatingly. "I heard that a fund manager on Wall Street named John Paulson already bought $2 billion in CDS and is likely to increase his position. He was just an unknown nobody before, and they say Soros is backing him."

A week later, Zhang Yu, who was reading in his apartment, received a call from Markbaum.

"We don't need to worry about others. As long as we get our share, that's enough," Zhang Yu comforted him.

"Thanks."

"Then I'll trouble you." Zhang Yu said gratefully.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

"Ronan, thank you. If it weren't for you, I would have continued to short subprime securities. When the market collapses, I would have gone bankrupt and had to jump off a building. I owe you a favor, a big one. If you ever need help, just ask."

Since Markbaum could short subprime securities, he must have signed the ISDA Master Agreement.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

"Let's call it Dream Investment Company. I hope to achieve my dreams with it."

"Of course, I've been waiting for this day," Zhang Yu's lips curled into a smile.

"That will be a financial crisis affecting the entire USA, no, the entire world..." Markbaum murmured.

This was the first time he had spoken of his goal to anyone. If he wasn't going to short the subprime market with Markbaum, he wouldn't have told anyone.

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"It's okay, I was just lucky. I made a successful investment in the last two months." Zhang Yu laughed.

"Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

"..."

There was no response from the other end of the phone.

"That's right. Are you free on Monday? I've made an appointment with Greg Lippmann to go to Wall Street to complete the transaction," Markbaum said.

"So I need to make more money."

"I have $40 million. It's not much, but it's definitely enough to participate in CDS trading."

Soon, an hour passed. Markbaum's brow furrowed deeper, and he had reached the end of the document.

"Tens of millions are crying, and we are laughing heartily!"

He turned to face west, towards the entrance of Butler University, but his gaze was distant, as if piercing through thousands of kilometers to see the Golden Gate Bridge standing on the distant West Coast.

This was a perfect financial instrument for shorting subprime securities.

Finally, he let out a long sigh, looked up, and handed the document back to Zhang Yu.

Zhang Yu came back to his senses and followed, heading to Deutsche Bank with Markbaum and his assistant and bodyguard.

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Mark, you sound angry?" Zhang Yu said unhurriedly.

"Mr. Baum, do you still want to short subprime securities now?" Zhang Yu took the document and asked calmly.

This was a perfect financial instrument for shorting subprime securities.

Afterward, they exchanged phone numbers. Markbaum drove Zhang Yu back to Butler University and sped away in his Ford Mustang.

Only by signing the ISDA Master Agreement could one trade high-risk financial derivatives. This qualification was what Zhang Yu needed.

"I want to short the subprime market, but I lack the channels. I hope you can help me overcome the threshold of the ISDA (International Swaps and Derivatives Association) Master Agreement, otherwise, I can't directly trade CDS," Zhang Yu said.

Of course, if subprime securities fell sharply in the trading market, he would gain no less than 1200% of his principal in enormous profits!

"$40 million? Where did you get so much money?" Markbaum exclaimed, then immediately realized his slip-up. "Sorry, I didn't mean to pry into your privacy, I'm just a bit surprised. This is very different from what I heard about you from Todd."

"Alright, you're right, you cold-blooded animal..." Markbaum's voice was full of helplessness. "I'm already contacting Greg Lippmann and preparing to invest $1 billion, with maximum leverage, converted into CDS."

"Call me Mark. Thank you, Ronan. I never imagined the real estate market could be so shocking," Markbaum said in a low voice, shaking his head as he started the car. "I'll send people to conduct detailed investigations across the USA. The subprime market definitely has a bubble. I just want to know how big this damn bubble is and when it will burst!"

Although Markbaum was still puzzled about what kind of investment could yield such substantial returns in such a short period, he knew his place and wouldn't pry. He immediately agreed: "Tens of millions are crying, and we are laughing heartily!"

"