1. XuZhicheng

5. You never know

6. The magic of finance  Background: Mexico Country Bank ( Citi Bank in USA) has some depreciate bond ( 债券 ) to deal with. which have very bad reputation  Requirements Sell those bonds to people who don’t want but not claim selling it

7. Problem and solution  Problem definition 1. people of Mexico know the condition of the local bond, they won’t buy 2. people of USA and Asian want to invest in Mexico but they only trust in dollar and the bonds which have BBB+ invest level  Solution :wrapper them into new bonds, 1. setup a company in Bermuda( 百慕大 ) to escape the surveillance of USA and Mexico government. 2. find a charity to buy the stock of the company to escape tax. 3. pay money to the level definition organization of third party to give the bonds AA- level 4. Sold the company to Mexico Country Bank, Based on GAAP, the bank always hold the bonds even they have turn them into cash.

8. Results