In the afternoon of the next day, James personally went to the hotel and took Seryosha to the Banking Association.
At last night's reception, Seryosha's remarks made him out of the limelight, and the members of the banking association invited him to the union the next day to explain his theory in detail.
Seryosha didn't really understand the real causes of the subprime mortgage crisis.
But he watched a lot of documentaries and movies about it before he was born again.
He still knew some basic knowledge of this area, so he found those experts from Glencore overnight to discuss this matter, and cobbled together a short report based on his own memories.
So Seryosha took the plunge and began to publicize his report in the union auditorium.
"Gentlemen, we now believe that investing in the real estate market in Japan is very safe and very profitable.
James, if you were to rate Japanese housing loans, what level would you get," Seryosha asked as he spoke eloquently from the podium, suddenly pointing to James, who was sitting below.
"AAA, superlative, of course.
We all know that Japanese people are employed for life, and as long as they have a job, they will not lose their jobs, which means that they have a strong ability to repay," James explained, although everyone here is a banker, but not everyone is familiar with the characteristics of the Japanese credit market.
"Then Mr. who thinks it is not safe to invest in a Japanese housing mortgage, please raise your hand, and we can continue to discuss this issue," Seryosha said in a loud voice.
There was a burst of laughter from the audience, and everyone thought that Seryosha was deliberately amusing everyone, and now no one would think that there was any problem with the Japanese economy.
After all, Japan is now the world's largest economic growth driver, and now the economic growth rate of Western Europe and North America is declining, while Made in Japan is sold all over the world and earns the world's money.
Well, now that everyone agrees, let's move on.
We all know that the Japanese people have a fanatical obsession with land, and if they have money, they always try to exchange it for land and real estate to maintain and increase their value.
A case in point is Mr.
Yoshiaki Tsutsumi, the world's richest man this year, who owns nearly one-sixth of Japan's land, and whose Seibu Group, which runs luxury Prince hotels around the world, and whose fortune Magazine estimates at $165 billion.
However, as a foreigner, we have no way to buy land in Japan directly, and there are policy reasons here, and it is more due to the fact that the Japanese nation naturally excludes foreigners.
So if we want to get a piece of this feast of wealth, we must find other ways to bypass these obstacles.
Seryosha expounded his analysis and opinions for everyone, and everyone in the audience nodded frequently, with a thoughtful expression.
Many people even can't wait to record these theories that Seryosha said, and plan to study them carefully after they go back.
"Gentlemen, my solution is asset securitization, which is not a completely new financial product, as early as 1970, the National Mortgage Association of the United States pioneered the invention of this disruptive financial derivative product.
But until now, this product is still in the initial stage of development, I think in the current world, there is no more suitable market for the development of this kind of financial derivatives than Japan, gentlemen, those Japanese tourists who buy in the duty-free shops at the airport and the luxury stores in the famous British shopping resorts on Oxford Street like Wangfujing, look at the Rolls-Royce that we export to Japan every year, look at the Japanese businessmen who go to France to buy wine estates, and go to the United States to buy Wall Street landmarks, Can we still question their spending power?"
Seryosha began to stir up the emotions of the people, and he felt that if he went into a pyramid scheme, he would have a good future.
"Personal consumption loans and housing loans in Japan are very safe financial products, and we can create a series of financial asset portfolio tools on this basis to provide stable, safe and high-yield financial products for the financial institutions you work for.
I believe that as Japan's economy continues to grow at a high rate, it is likely to surpass the United States to become the world's largest economic power in the foreseeable future.
I have to admit that by that time, the Japanese people will be far richer than most European countries, and by that time, the market size of consumer loans and housing mortgages in Japan will be amazing, and if someone enters this market from now on, then he will be the founder of the entire market, and at that time, both the trading rules of the subprime loan market and the evaluation mechanism of the subprime loan market will be written by the builders of the market.
Friends, this is a once-in-a-lifetime investment opportunity, and I believe that no sensible investor will give up this opportunity, especially all of us here," Seryosha expounded his report in an inflammatory tone, and when the speech was finished, the audience applauded thunderously, and everyone stood up and felt thrilled by Seryosha's unique and keen insights.
Seryosha bowed slightly to thank everyone, the main purpose of revealing this plan to these bankers was for the channel in the hands of these bankers.
Seryosha plans to go to Japan as soon as possible to set up a company engaged in financial investment, etc., specializing in the securitization of subprime loans, and these packaged securitization products must be sold with the help of large financial institutions in order to obtain a good return.
But there is another problem here, asset securitization is just a package of loans from some different customers, the entry threshold is very low, as long as you have strong strength, anyone can come in and mix.
Seryosha would have to raise the bar so that the Britons would have to set up something akin to a market entry threshold that would allow only companies authorized by that authority to issue such products for market trading.
Even Japanese banks must obtain the consent of this institution before they can issue such products.
"Gentlemen, I would like to conclude by emphasizing that Japanese businessmen are very xenophobic, and we must unite in order to seize this golden opportunity, and I propose that we set up an authorized market access mechanism with the guild as the main body, through which we will be able to sell products in the open market," Seryosha exclaimed.
"I agree with Mr.
Ulyanov that we, the Rothschild Bank, are willing to join this institution," James was the first to say.
"Royal Bank of Scotland is willing to join" "And our Barclays" t1706231537: