"To understand the subprime mortgage crisis, we must first understand what subprime mortgage is. We have to talk about banks first. Do you all know about banks? Then what does banks make money? To put it bluntly, it means that everyone deposits money that they cannot use temporarily and gives interest, and then the bank lends money to those who need money, collects interest, and the interest is high, the interest paid is low, and the difference is made."

"But the bank will not go bankrupt... Note that this refers to the bank of our country. If the state does not go bankrupt, the bank will not go bankrupt. It is not a private bank... In other words, as long as the bank is still there, the money we deposit will definitely be withdrawn, but the money borrowed by the bank may not be certain. For example, Cheng Dajuan, you borrowed 200,000 yuan to do business and then compensated, and you can't afford to pay back the money..."

"Why me?"

"Don't interrupt, listen to the teacher continue to talk."

Fang Changan ignored Cheng Juan's protest and continued to show off his half bottle of water. "So before the bank lends money, it needs to evaluate the customer's ability to repay money, such as salary, assets, etc. Loans with repayment ability are called high-quality loans, and those without repayment ability are called subprime loans. This subprime mortgage crisis is caused by this kind of subprime loan."

"This time, the main reason for the crisis is mortgage loans. This is related to the policy over there. I won't say much about insurance. Simply put, Wall Street starts to cut low-quality leeks after cutting high-quality leeks. After all, low-quality leeks are large in quantity. If you can't afford a house, I will give you a loan to buy it. If you can't afford a down payment, I will lower the down payment for you. If you can't afford to buy for 40%, it will be 30%, 20%, or even 5% or not. Then the house prices keep rising. Everyone thinks that buying a house is profitable, so those who can buy a house with a loan will buy it. After buying the first house, they will mortgage to buy a second house. For example, if you borrow a loan of one million to buy a house, and the house rises to two million, you will earn a million..."

"Banks are crazy about mortgage loans, connections are crazy about loans, and housing prices are crazy about rising. Everyone feels that they are getting richer and richer... even more slutty... Cough, what's even more outrageous is that the bank thinks it will take ten or twenty years to recover loans, so it also takes out the loan's debt and sells it for cash..."

"The house is not money in your hands, nor is it valuable. Some people can't afford to pay off their loans and default. There are also reasons why the Federal Reserve regulates interest rate hikes... Anyway, subprime loans are risky, and more and more people can't afford to pay off their loans, and housing prices are already very expensive. No one is willing to take over again, so the housing prices will fall..."

"People who just bought a house with a loan found that the house prices have fallen. For example, I bought a house with a loan of one million US dollars, and after buying it, I found that the house was only worth 800,000 US dollars. I lost 200,000 yuan. Then I might as well not repay the loan. You take away the house... Once the houses in the bank have more, the house prices will fall even more..."

"As soon as housing prices fall, everyone sells houses, and housing prices continue to fall... More people are unwilling to repay the loan... The loan claims here are sold... Then the financial bubble is like building blocks, and they all collapse..."

Fang Chang'an talked a lot, then looked at the four girls in front of him, "Do you understand?"

Several girls looked at each other, and Shen Mo blinked: "Why are you telling us this?"

"Aren't you asking what the subprime mortgage crisis is?"

"I don't know it's so complicated!"

Shen Mo bulged his cheeks and was confident, "Next time, you can just tell us the last sentence for something so complicated." She stretched out her two little hands and gestured in the air, "It's that 'financial bubble', no need to say so much."

"Uh-huh!"

Wang Ke nodded vigorously from the side, "We don't understand anyway."

Song Tang whispered, "It has nothing to do with us if you understand it, it's not our country."

"that is!"

Cheng Juan has long been dissatisfied, "And every time I use this kind of thing as an example!"

"All right."

Fang Chang'an sighed, "Play the piano to the cow!"

"whispering sound!"

The four girls expressed disdain together. Shen Mo thought about it, but still asked again: "Then the stock will not fall, right?"

"It's hard to say."

Fang Changan shook his head, "The US dollar is the world's currency. If an economic crisis occurs there, it will definitely drag the whole world into the water. However, it should not have a big impact on our country. After all, we are a member of the society and have superior systems."

Shen Mo asked: "Why is the best person in the family?"

Song Tang asked: "Yes, aren't they more developed?"

"Their development is to plunder the resources accumulated over two or three hundred years of the world. Our superiority is the path we finally walked out after a hundred years of humiliation, survival, change, failure and attempts."

This is a very difficult thing these days. Fortunately, I don’t have to worry about being scolded when I talk to them about this. Moreover, it’s not just Shen Mo and Wang Ke, but Song Tang and Cheng Juan also know some of his “different” in some aspects. Shen Mo and Wang Ke, the two little girls who were most influenced by him, were generally convinced by him. Song Tang and Cheng Juan had some differences in their opinions, but they knew that they couldn’t argue with him and did not argue with him.

Of course, what is more important is that today is his birthday, so give him some face.

"Where can we eat when we wait?"

"Do you want to eat grilled fish?"

"sure."

Today is Fang Chang'an's first birthday. At noon, I had already ordered cakes at the cake shop next to me. The four girls spent the same amount, which was considered a birthday gift for him. I was discussing what to eat in the evening, but Fang Chang'an changed the topic and Cheng Juan brought it back.

It was Xiao Xiong on duty again. Big Xiong and Pang Yan went out to take the customer to see the house. Five people were chatting inside. When discussing birthdays, they all sounded a little louder. Xiao Xiong was lying outside and was bored and couldn't help asking, "What are you talking about?"

"I'm talking about where to eat at night."

Cheng Juan said the truth.

The little bear sighed: "You are so good. You don't have any worries every day. Just think about how to eat..."

Cheng Juan said: "Aren't you too?"

"I'm different. You are still in school. You just make some money while working during the summer vacation. Like Shen Mo, you can never work..."

The front desk was separated from the frosted glass, so I couldn't see what the bear was doing there, but I could probably guess that he lay on the table and sighed. After more than a month of getting along, I saw his lazy look, "I'm no longer going to school, and I don't know what I do in the future."

Song Tang couldn't help but say, "If you don't like this job, you can change it to someone you like!"

For a month, several girls have been used to seeing Pang Yan, Big Bear and the two of them are busy, and they have also seen Little Bear live a lazy life all day long. I have wanted to say this sentence, but now there is no one in the store, so Song Tang said it.

Wang Ke also said: "Yes."

Xiaoxiong sighed, "I don't know what I can do if I don't do this. I don't look like you all went to school. I haven't finished junior high school... What can I do if I don't do sales?"

Several girls looked at each other, but didn't know what to say. Look at Fang Chang'an. Fang Chang'an shrugged and continued to browse news about the subprime mortgage crisis.

Cheng Juan asked: "Brother Xiong, how much did you earn last month?"

The company pays wages every month on the 20th, and on the 20th of last month, the salary for June was paid. Fang Changan and the others did not have a salary, but the other three people knew about the salary. Big Bear was 1,22, and got a guarantee, Pang Yan was 1,44, and Little Bear was 200.

The summer vacation begins in July, and business will be better. At the end of the month, Big Bear and Pang Yan have calculated how much money they can each get. The highest Pang Yan seems to be close to two thousand, and Big Bear is about one thousand and five thousand.

"I……"

The bear paused, "Is it five or six hundred? Why are they better than last month..."

Last month, Fang Chang'an and the other five issued orders. After all, Wang Ke and Song Tang both exceeded 2,000, and Wang Ke's villa was also rented out. It was the customer introduced by Zou Yiyu. In addition, they also issued two orders each. The lowest Shen Mo was 1,500. In comparison, Xiaoxiong seemed to be an intern.

Of course, this does not mean that the company's sales are all like this, otherwise the company will probably go bankrupt. There will be a summary meeting at the end of every month. At the end of July, they all participated in Fang Changan. The salary of several of the best performers this month commended by the company is above 10,000 yuan. The highest person includes the bonus, and the monthly income is even 30,000 yuan!

"Then are you enough to spend?"

"It's not enough. The rent alone costs more than four hundred yuan, and I still have to eat."

"What should you do?"

"I've made a order before and I still have some money. I'll use it first, I won't starve to death anyway."

Pang Yan and Big Xiong had said that Xiao Xiong would send money to his family. Xiao Xiong didn’t know if he was embarrassed to say that he would give money to his family, but no one knew what his income had before, and he had no intention of pursuing it, but he just felt that something was wrong with his condition.

However, when we met by chance, we had no friendship. The girls were willing to persuade them, but they didn't have much to say. Then Pang Yan came back while sweating, and they all stopped the topic.

"Ouch--"

Pang Yan took half a cup of water and drank it all in one breath. He breathed a long sigh of relief and sat down in his position, "I'm so thirsty. I ran for a long time and was covered in sweat. I haven't achieved it yet..."

There is a vertical air conditioner in the store, which made Fang Changan suspect that the branch is actually not enough to make ends meet. However, Manager Huang has a second-hand house order that seems to be settled. There is an agency fee to be recorded. In addition, Fang Changan and the five of them have orders, so the performance in the store should not be too ugly... Of course, at most, it is not too ugly.

For a month, people have come to interview one after another in the store, and two people have come to work, but they left within two days. Others don’t care. When a few girls asked, they answered casually: “It’s normal, the mobility of people in this group is very high…”

Among the three big bears and little bears, Pang Yan, the little bear has the most qualifications. He came from another store with Manager Huang. Pang Yan only came after the new store opened this year, while Big Bear only came two months earlier than Fang Chang'an and the others.

Needless to say, Shen Mo is the same as Wang Ke and Cheng Juan.

During the more than a month of time, I occasionally chatted. Pang Yan, Big Bear, Little Bear, and Shop Manager Huang said more than once, "You will definitely be better than us as long as you graduate." Several girls all said humbly, but they couldn't find a suitable statement for a while, so they all looked at the house Chang'an. Fang Chang'an often said, "It's all the same for life" or "It's all the same for the worker."

However, to be realistic, they agree with this statement in their hearts.

Several people have all entered the "outstanding" of No. 1 Middle School. Even Song Tang, who is now in a relatively difficult family situation, does not have a clear plan for his future, and his hazy subconscious will be in a relatively bright direction.

They did not contempt or look down on Pang Yan, Big Bear and Little Bear, but they did recognize that they were at the bottom of this society in their hearts. After graduation, they would stand at a higher level and continue to work hard to move upward.

Of course, this statement will not be said or revealed. Even when I occasionally talk about these things after get off work, I do not say such words to my very familiar friends and best friends in a straightforward way, as if I say it, it will make myself very "material".

However, the chat with Xiaoxiong in the afternoon made the girls vaguely understand something, but they couldn't explain it clearly.

Wang Ke immediately thought of something. It was the first time he came here on the first day. Xiaoxiong always said, "The company will not lose money in this way." Fang Changan agreed with this remark. After get off work, Cheng Juan asked him, and his answer was: "If you want to say something, I can tell him about the Capital Theory for an hour, but what's the point?"

What's the point?

She didn't understand why Fang Chang'an said this at that time, nor did she ask, because she didn't think that this was important. However, she suddenly understood the meaning of Fang Chang'an's words, so she felt a little inexplicably depressed and sad.

As usual, they did not work overtime. This is naturally even more so today's birthday. After get off work, they didn't feel embarrassed. They said hello and went home happily. The four girls held up two big black umbrellas. They all bought them at Fang Chang'an's suggestion after coming here. They originally thought that the umbrella was too heavy and not delicate at all. Later, they held it twice and found that it was really useful. Because it was very big and covered. When it rained, the two of them would not be wet even if they held an umbrella, which was much better than a small umbrella.

"Ke Ke, do you have any worries?"

Shortly after walking out of the store, Wang Ke held an umbrella, Shen Mo held her arm, and asked her with some confusion.

Song Tang and Cheng Juan both looked over in the voice. Wang Ke hesitated for a moment and whispered: "I just suddenly remembered when we came to work on the first day..."

She repeated what she had just thought of, then looked at Fang Chang'an and said, "When the little bear was talking just now, I suddenly understood why you said it was meaningless. I couldn't say it, but I just understood it a little...and..."

She hesitated for a moment and bit her lip, "It's a little...it's so blocked..."

Shen Mo and Song Tang were stunned for a moment, and Cheng Juan said, "What's the matter? He is not motivated by himself. Look at what Big Bear and Sister Yan do every day, and what little Bear does every day?"

Wang Ke whispered: "That's why I don't understand. Why does he have this?"

As she spoke, she looked at Fang Chang'an. Fang Chang'an moved his shoulders, arms and muscles, and laughed: "The same rice raises hundreds of people, everyone has all kinds of people, and everyone has their own ambitions. Everyone has the right to choose how to live. You can't despise others just because their choices are different from yours."

"I didn't look down on him."

Wang Ke knew he was joking, but he still explained seriously, "I just don't understand... He will definitely marry a wife and have children in the future. He himself said... Then will he still be like this in the future?"

Fang Changan smiled and said, "Maybe he became a big bear after getting married? You have met my dad. If I told you that my dad was like a little bear before I went to junior high school, even more than him, can you imagine?"

Song Tang and Cheng Juan have never met Fang Lujun, Shen Mo and Wang Ke have both met them. The impression of Fang Lujun was basically settled when they were there on the first day of the first day. It was when they were picking corn. Fang Lujun was sweating, worked very quickly and diligently, and was also very enthusiastic when eating... Wang Ke has seen him many times later, and his impression of Uncle Fang is roughly the same. He often looks at the shop for his aunt and is busy with the bun shop there... Why is it that he has nothing to do with Xiaoxiong's image of being a scattered person and not motivated?
To be continued...