Life at the Top

“It’s like dominoes. Once one of the

dominoes falls, a series of chain reactions

will cause the entire building to collapse.

“Once Jasper continues to short-sell the subprime mortgage market, subprime loan products will become worthless and those subprime loan companies that borrow from the bank will face pressure t o repay their principal and interest amounts.

“The collapse of loan products will

directly affect the evaluation of housing

credit by banks and subprime loan

companies.

“Once its value drops, housing prices will collapse. Once housing prices collapse, people will find that the market value of the house they bought is far less than the loan they need to repay to the bank, so a massive wave of supply cuts will follow.

“When large-scale defaulting breaks out, banks and subprime loan companies will not be able to recover the principal and interest lent out, which will lead to the continued depreciation of subprime loan

products.

more it depreciates, the less people will buy them. The lesser people buy them, the

an

to the door of the office and said, “I must go to

ask for help, what should I

find a way to save themselves. Before getting authorization from Washington, neither I nor Hamilton can

that, he

Janet sighed helplessly

by the window before and saw that the rain had started pouring outside

heavy rain had already

Jasper, had just eaten supper and was about to take a short break during the half-hour of settlement of transactions in the subprime market when he

saw two tall white men

president of Forbes Magazine

man in the lead stood up politely and gave some

with a smile and glanced at Wellington with a

this life, Jasper often imagined