: \u00dd t\u01b0\u1edfng kinh ng\u01b0\u1eddi<\/p>\n
“B\u1ed1 Lan \u0110\u1eb7c ti\u00ean sinh… Anh n\u00f3i… Anh mu\u1ed1n b\u00e1n kh\u1ed1ng th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n M\u1ef9 sao?!” Greg Lippmann ho\u00e0i nghi kh\u00f4ng bi\u1ebft m\u00ecnh c\u00f3 nghe l\u1ea7m hay kh\u00f4ng!<\/p>\n
H\u1eafn kinh ng\u1ea1c nh\u01b0 v\u1eady l\u00e0 b\u1edfi v\u00ec h\u1eafn c\u0169ng \u0111\u00e3 nh\u00ecn ra bong b\u00f3ng kh\u1ed5ng l\u1ed3 c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n M\u1ef9 v\u00e0 nguy c\u01a1 to l\u1edbn t\u1eeb c\u00e1c kho\u1ea3n vay d\u01b0\u1edbi chu\u1ea9n!<\/p>\n
H\u1eafn v\u1eabn lu\u00f4n c\u1ed1 g\u1eafng t\u00ecm ki\u1ebfm m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec3 c\u00f3 th\u1ec3 b\u00e1n kh\u1ed1ng th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n, nh\u1eb1m \u0111\u1eb7t c\u01b0\u1ee3c \u0111\u1ed1i \u0111\u1ea7u v\u1edbi c\u00e1c ng\u00e2n h\u00e0ng l\u1edbn c\u1ee7a M\u1ef9!<\/p>\n
Th\u1ebf nh\u01b0ng, khi h\u1eafn tr\u00ecnh b\u00e0y \u00fd t\u01b0\u1edfng c\u1ee7a m\u00ecnh v\u1edbi ban l\u00e3nh \u0111\u1ea1o c\u1ea5p cao c\u1ee7a ng\u00e2n h\u00e0ng Deutsche Bank v\u00e0 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh, g\u1ea7n nh\u01b0 t\u1ea5t c\u1ea3 m\u1ecdi ng\u01b0\u1eddi \u0111\u1ec1u cho r\u1eb1ng h\u1eafn b\u1ecb \u0111i\u00ean.<\/p>\n
V\u1eady m\u00e0 c\u1eadu b\u00e9 m\u1edbi ch\u1ec9 m\u01b0\u1eddi ba, m\u01b0\u1eddi b\u1ed1n tu\u1ed5i tr\u01b0\u1edbc m\u1eaft n\u00e0y l\u1ea1i c\u00f3 c\u00f9ng suy ngh\u0129 v\u1edbi h\u1eafn!<\/p>\n
H\u01a1n n\u1eefa, c\u1eadu b\u00e9 c\u00f2n tr\u1ef1c ti\u1ebfp ch\u1ec9 ra ph\u01b0\u01a1ng ph\u00e1p h\u1eefu hi\u1ec7u nh\u1ea5t \u0111\u1ec3 b\u00e1n kh\u1ed1ng th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n M\u1ef9!<\/p>\n
Th\u00f4ng qua vi\u1ec7c mua h\u1ee3p \u0111\u1ed3ng b\u1ea3o hi\u1ec3m CDS, d\u00f9ng m\u1ed9t s\u1ed1 v\u1ed1n \u0111\u1ea7u t\u01b0 t\u01b0\u01a1ng \u0111\u1ed1i nh\u1ecf \u0111\u1ec3 thu v\u1ec1 l\u1ee3i nhu\u1eadn kh\u1ed5ng l\u1ed3 sau khi bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1ee1!<\/p>\n
C\u00e1ch l\u00e0m n\u00e0y th\u1eadm ch\u00ed c\u00f2n \u0111i\u00ean r\u1ed3 h\u01a1n c\u1ea3 ph\u01b0\u01a1ng ph\u00e1p m\u00e0 h\u1eafn t\u1eebng ngh\u0129 t\u1edbi!<\/p>\n
“V\u1eady sao? Lippmann ti\u00ean sinh, ch\u1eb3ng l\u1ebd anh c\u0169ng cho r\u1eb1ng \u00fd t\u01b0\u1edfng n\u00e0y r\u1ea5t \u0111i\u00ean r\u1ed3 \u00e0?” Ti\u00eau D\u1eadt d\u00f9ng th\u00eca khu\u1ea5y ly c\u00e0 ph\u00ea, m\u1ec9m c\u01b0\u1eddi h\u1ecfi.<\/p>\n
“\u0110\u00e2y l\u00e0 \u00fd t\u01b0\u1edfng c\u1ee7a ng\u00e0i, hay l\u00e0 c\u1ee7a ph\u1ee5 th\u00e2n ho\u1eb7c m\u1eabu th\u00e2n ng\u00e0i?” Greg Lippmann kh\u00f4ng th\u1ec3 tin r\u1eb1ng \u00fd t\u01b0\u1edfng \u0111i\u00ean r\u1ed3 n\u00e0y l\u1ea1i do m\u1ed9t c\u1eadu nh\u00f3c h\u01a1n m\u01b0\u1eddi tu\u1ed5i ngh\u0129 ra.<\/p>\n
“\u0110\u01b0\u01a1ng nhi\u00ean l\u00e0 \u00fd t\u01b0\u1edfng c\u1ee7a ta, Lippmann ti\u00ean sinh. T\u00f4i \u0111\u00e3 n\u00f3i r\u1ed3i, ph\u1ee5 th\u00e2n c\u1ee7a t\u00f4i hi\u1ec7n t\u1ea1i v\u1eabn ch\u01b0a r\u00f5 s\u1ed1ng ch\u1ebft.” Ti\u00eau D\u1eadt th\u1ea3n nhi\u00ean m\u1ec9m c\u01b0\u1eddi n\u00f3i: “Ch\u1eb3ng l\u1ebd anh kh\u00f4ng nh\u1eadn ra, bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u1ee7a M\u1ef9 hi\u1ec7n t\u1ea1i \u0111\u00e3 v\u00f4 c\u00f9ng nguy hi\u1ec3m r\u1ed3i sao?”<\/p>\n
“Ta… T\u00f4i kh\u00f4ng h\u1ec1 ph\u1ee7 nh\u1eadn suy ngh\u0129 c\u1ee7a ng\u00e0i… Ng\u01b0\u1ee3c l\u1ea1i, t\u00f4i v\u00f4 c\u00f9ng \u0111\u1ed3ng \u00fd!” V\u1ebb m\u1eb7t Greg Lippmann tr\u1edf n\u00ean k\u00edch \u0111\u1ed9ng: “Nh\u01b0ng t\u00f4i kh\u00f4ng ng\u1edd r\u1eb1ng, anh c\u00f2n tr\u1ebb nh\u01b0 v\u1eady m\u00e0 l\u1ea1i c\u00f3 th\u1ec3 ph\u00e1t hi\u1ec7n ra nguy c\u01a1 m\u00e0 ng\u01b0\u1eddi b\u00ecnh th\u01b0\u1eddng ho\u00e0n to\u00e0n kh\u00f4ng th\u1ec3 n\u00e0o hi\u1ec3u \u0111\u01b0\u1ee3c. Anh n\u00f3i kh\u00f4ng sai ch\u00fat n\u00e0o, \u00fd t\u01b0\u1edfng n\u00e0y c\u1ee7a anh ch\u1eafc ch\u1eafn s\u1ebd b\u1ecb t\u1ea5t c\u1ea3 m\u1ecdi ng\u01b0\u1eddi cho l\u00e0 \u0111i\u00ean r\u1ed3, nh\u01b0ng trong s\u1ed1 \u0111\u00f3 kh\u00f4ng bao g\u1ed3m ta!”<\/p>\n
Gi\u1edd \u0111\u00e2y, Greg Lippmann \u0111\u00e3 kh\u00f4ng d\u00e1m coi th\u01b0\u1eddng c\u1eadu b\u00e9 tr\u01b0\u1edbc m\u1eaft n\u00e0y ch\u00fat n\u00e0o n\u1eefa. H\u1eafn d\u00e0nh cho c\u1eadu b\u00e9 s\u1ef1 t\u00f2 m\u00f2 v\u00e0 k\u00ednh n\u1ec3, th\u1eadm ch\u00ed c\u00f2n c\u00f3 c\u1ea3 c\u1ea3m gi\u00e1c tri k\u1ef7 \u0111\u1ed3ng \u0111i\u1ec7u.<\/p>\n
“V\u1eady th\u00ec t\u1ed1t qu\u00e1! T\u00f4i \u0111\u00e3 kh\u00f4ng nh\u00ecn l\u1ea7m ng\u00e0i, Lippmann ti\u00ean sinh. N\u1ebfu anh \u0111\u1ed3ng \u00fd gia nh\u1eadp c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9 c\u1ee7a ta, t\u00f4i c\u00f3 th\u1ec3 cho anh hai l\u1ef1a ch\u1ecdn. Th\u1ee9 nh\u1ea5t, t\u00f4i s\u1ebd tr\u1ea3 cho anh m\u1ee9c l\u01b0\u01a1ng g\u1ea5p \u0111\u00f4i hi\u1ec7n t\u1ea1i \u0111\u1ec3 anh \u0111\u1ea3m nhi\u1ec7m v\u1ecb tr\u00ed c\u1ed1 v\u1ea5n \u0111\u1ea7u t\u01b0 tr\u01b0\u1edfng. Ngo\u00e0i ra, t\u00f4i s\u1ebd tr\u00edch m\u1ed9t ph\u1ea7n l\u1ee3i nhu\u1eadn sau n\u00e0y \u0111\u1ec3 l\u00e0m ti\u1ec1n th\u01b0\u1edfng cho ng\u00e0i. L\u1ef1a ch\u1ecdn th\u1ee9 hai l\u00e0 ch\u00fang t\u00f4i s\u1ebd h\u1ee3p t\u00e1c theo h\u00ecnh th\u1ee9c \u0111\u1ed1i t\u00e1c, t\u00f4i s\u1ebd kh\u00f4ng tr\u1ea3 l\u01b0\u01a1ng, nh\u01b0ng anh s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c 1% c\u1ed5 ph\u1ea7n trong c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9 c\u1ee7a ta.”<\/p>\n
V\u1eeba l\u00fac th\u1ee9c \u0103n \u0111\u01b0\u1ee3c d\u1ecdn l\u00ean, Ti\u00eau D\u1eadt gi\u01a1 tay ra hi\u1ec7u m\u1eddi Greg Lippmann d\u00f9ng b\u1eefa: “Lippmann ti\u00ean sinh, m\u1eddi ng\u00e0i.”<\/p>\n
“B\u1ed1 Lan \u0110\u1eb7c ti\u00ean sinh, s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a anh \u0111\u00e3 thuy\u1ebft ph\u1ee5c \u0111\u01b0\u1ee3c ta, anh th\u1ef1c s\u1ef1 l\u00e0 m\u1ed9t thi\u00ean t\u00e0i!” Greg Lippmann c\u00f3 ph\u1ea7n k\u00edch \u0111\u1ed9ng \u0111\u1ee9ng d\u1eady n\u00f3i: “Anh \u0111\u1ecbnh d\u00f9ng bao nhi\u00eau v\u1ed1n \u0111\u1ec3 b\u00e1n kh\u1ed1ng c\u00e1c kho\u1ea3n vay d\u01b0\u1edbi chu\u1ea9n?”<\/p>\n
“Ba t\u1ef7 \u0111\u00f4 la.” Ti\u00eau D\u1eadt gi\u01a1 m\u1ed9t ng\u00f3n tay l\u00ean, th\u1ea3n nhi\u00ean n\u00f3i: “T\u00f4i kh\u00f4ng ch\u1ec9 mu\u1ed1n anh thay t\u00f4i mua CDS, m\u00e0 anh c\u00f2n ph\u1ea3i th\u00f4ng qua vi\u1ec7c vay ch\u1ee9ng kho\u00e1n \u0111\u1ea3m b\u1ea3o b\u1eb1ng th\u1ebf ch\u1ea5p (MBS) \u0111\u1ec3 b\u00e1n kh\u1ed1ng, \u0111\u1eb7t c\u01b0\u1ee3c \u0111\u1ed1i \u0111\u1ea7u v\u1edbi c\u1ea3 Goldman Sachs v\u00e0 JPMorgan!”<\/p>\n
“Ba t\u1ef7 \u0111\u00f4 la?!” M\u1eb7t Greg Lippmann \u0111\u1ecf b\u1eebng v\u00ec kinh h\u00e3i, c\u1ea3 ng\u01b0\u1eddi run r\u1ea9y: “B\u1ed1 Lan \u0110\u1eb7c ti\u00ean sinh, anh ch\u1eafc ch\u1eafn ch\u1ee9? Anh ph\u1ea3i bi\u1ebft r\u1eb1ng, cho d\u00f9 bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u00e3 r\u1ea5t l\u1edbn, nh\u01b0ng ch\u1ec9 c\u1ea7n c\u00f3 ch\u00ednh ph\u1ee7 ch\u1ed1ng l\u01b0ng v\u00e0 c\u1ee9u th\u1ecb tr\u01b0\u1eddng, c\u00e1i bong b\u00f3ng n\u00e0y v\u1eabn s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c th\u1ed5i ph\u1ed3ng l\u00ean! N\u1ebfu kh\u00f4ng c\u1ea9n th\u1eadn, r\u1ea5t c\u00f3 th\u1ec3 s\u1ebd m\u1ea5t c\u1ea3 ch\u00ec l\u1eabn ch\u00e0i!”<\/p>\n
M\u1ed9t t\u1ef7 \u0111\u00f4 la \u0111\u1ed1i v\u1edbi c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu v\u00e0 qu\u1ef9 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u01b0\u1eddng m\u00e0 n\u00f3i, c\u0169ng kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t con s\u1ed1 qu\u00e1 l\u1edbn.<\/p>\n
Nh\u01b0ng CDS l\u00e0 m\u1ed9t lo\u1ea1i h\u1ee3p \u0111\u1ed3ng b\u1ea3o hi\u1ec3m! Ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u1ea7u t\u01b0!<\/p>\n
D\u1ef1a theo t\u1ef7 l\u1ec7 \u0111\u1ec1n b\u00f9 c\u1ee7a CDS, n\u1ebfu th\u1eadt s\u1ef1 c\u00f3 th\u1ec3 mua \u0111\u01b0\u1ee3c l\u01b0\u1ee3ng CDS tr\u1ecb gi\u00e1 ba t\u1ef7 \u0111\u00f4 la, th\u00ec sau khi bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1ee1, c\u1eadu b\u00e9 tr\u01b0\u1edbc m\u1eaft n\u00e0y c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c kho\u1ea3n \u0111\u1ec1n b\u00f9 g\u1ea5p m\u1ea5y ch\u1ee5c l\u1ea7n t\u1eeb c\u00e1c ng\u00e2n h\u00e0ng!<\/p>\n
Ba t\u1ef7 \u0111\u00f4 la s\u1ebd bi\u1ebfn th\u00e0nh h\u00e0ng tr\u0103m t\u1ef7 \u0111\u00f4 la!<\/p>\n
\u0110\u01b0\u01a1ng nhi\u00ean, vi\u1ec7c d\u00f9ng to\u00e0n b\u1ed9 ba t\u1ef7 \u0111\u00f4 la \u0111\u1ec3 mua CDS c\u0169ng l\u00e0 chuy\u1ec7n kh\u00f4ng th\u1ec3 n\u00e0o, c\u00e1c ng\u00e2n h\u00e0ng c\u0169ng kh\u00f4ng c\u00f3 nhi\u1ec1u CDS \u0111\u1ebfn v\u1eady \u0111\u1ec3 b\u00e1n ra.<\/p>\n
Nh\u01b0ng cho d\u00f9 ch\u1ec9 v\u1edbi h\u1ea1n m\u1ee9c m\u1ed9t t\u1ef7 \u0111\u00f4 la, n\u1ebfu th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u1eadt s\u1ef1 s\u1ee5p \u0111\u1ed5, th\u00ec b\u1ecdn h\u1ecd c\u0169ng c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c kho\u1ea3n \u0111\u1ec1n b\u00f9 l\u00ean \u0111\u1ebfn h\u00e0ng tr\u0103m t\u1ef7 \u0111\u00f4 la!<\/p>\n
V\u1ec1 ph\u1ea7n vi\u1ec7c \u0111\u1eb7t c\u01b0\u1ee3c \u0111\u1ed1i \u0111\u1ea7u v\u1edbi Goldman Sachs v\u00e0 JPMorgan, tuy l\u1ee3i nhu\u1eadn kh\u00f4ng cao b\u1eb1ng CDS, nh\u01b0ng v\u1edbi th\u1ef1c l\u1ef1c c\u1ee7a nh\u1eefng ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 l\u1edbn nh\u01b0 v\u1eady, b\u1ecdn h\u1ecd ho\u00e0n to\u00e0n kh\u00f4ng c\u1ea7n ph\u1ea3i lo l\u1eafng v\u1ec1 kh\u1ea3 n\u0103ng chi tr\u1ea3 v\u00e0 h\u1ea1n m\u1ee9c \u0111\u1eb7t c\u01b0\u1ee3c.<\/p>\n
Greg Lippmann hi\u1ec3u r\u00f5 \u00fd c\u1ee7a Ti\u00eau D\u1eadt, \u0111\u00e2y l\u00e0 quy\u1ebft t\u00e2m b\u00e1n kh\u1ed1ng th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 c\u00e1c kho\u1ea3n vay d\u01b0\u1edbi chu\u1ea9n \u0111\u1ebfn c\u00f9ng!<\/p>\n
V\u1edbi kh\u1ed1i t\u00e0i s\u1ea3n m\u00e0 Ti\u00eau D\u1eadt \u0111ang c\u00f3, \u0111\u00e2y kh\u00f4ng c\u00f2n l\u00e0 m\u1ed9t v\u00e1n c\u01b0\u1ee3c n\u1eefa, m\u00e0 l\u00e0 \u0111ang li\u1ec1u m\u1ea1ng<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","class_list":["post-72114","chuong_truyen","type-chuong_truyen","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dasactruyen.com\/index.php\/wp-json\/wp\/v2\/chuong_truyen\/72114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dasactruyen.com\/index.php\/wp-json\/wp\/v2\/chuong_truyen"}],"about":[{"href":"https:\/\/dasactruyen.com\/index.php\/wp-json\/wp\/v2\/types\/chuong_truyen"}],"replies":[{"embeddable":true,"href":"https:\/\/dasactruyen.com\/index.php\/wp-json\/wp\/v2\/comments?post=72114"}],"wp:attachment":[{"href":"https:\/\/dasactruyen.com\/index.php\/wp-json\/wp\/v2\/media?parent=72114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}