Life at The Top novel Chapter 1774

“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.

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

“This is an endless cycle.”

Greenspaner’s tone became more serious, He walked to the door of the office and said, “I must go to Washington immediately. You can participate in the video conference in my place.”

Janet hurriedly asked, “But if they ask for help, what should I say?”

“Let them find a way to save themselves. Before getting authorization from Washington, neither I nor Hamilton can help them. Capital matters should be solved with capital.”

After Greenspaner said that, he left the

office. Janet sighed helplessly and turned her