Rebirth of the Financial Crisis Sweeping the World

  Chapter 203 203 A big victory! Indian giants kneel down! Continue to mortgage and continue to do it!

   Next, Wang Guanxi asked again: "Has the lawyer been sent to the Indian Industrial Credit and Investment Bank?"

  Before in order to borrow 10 million shares of Fannie Mae’s shares from the Indian Industrial Credit and Investment Bank to go short.

  So Wang Guanxi pledged the Black Shirt Insurance Company and the Black Shirt Investment Bank to the Indian Industrial Credit Investment Bank.

  Now is the time to get back the mortgage contracts of Heishan Insurance Company and Heishan Investment Bank.

  Anyway, after the position is closed tonight, all the stocks will be returned to the Indian Industrial Credit Investment Bank, and the contract for mortgage equity is naturally cancelled.

  Although the black shirt hedge fund has not closed its position, the lawyer can prepare it first.

  CEO Huang Shaokai hurriedly said: "BOSS, Lawyer Yin Feihong, the executive director of the Black Shirt Legal Company, has passed."

  Currently, Heishan Legal Co., Ltd. has many big lawyers, all of whom are concurrently serving as directors. There are also many ordinary lawyers below. Now the scale is getting bigger and bigger.

   "Well, very good" Wang Guanxi sneered at the thought of Sundeep Bartra, the Asia-Pacific president of the Indian Industrial Credit Investment Bank, trying to take away the Black Shirt Insurance Company and the Black Shirt Investment Bank.

   Even you deserve it?

  If it weren’t for borrowing 10 million shares of Fannie Mae’s stock to go short, and then making more money, Wang Guanxi wouldn’t be too lazy to be in the same position.

  Time is lost every minute and every second.

Fannie Mae and Freddie Mac, two of the world’s top 500 giants, the largest mortgage lender in the United States, and after the U.S. government announced its takeover, the stock market opened continuously and was sold off. Its stocks went from 1.80 US dollars per share. Stopped falling.

  In just 5 minutes, the stock price dropped to $1.10 per share!

   is simply terrible!

  Many bulls have collapsed in their hearts. The stock price has fallen to this point. Many investment institutions holding Fannie Mae’s stock have stopped liquidating their positions.

  This continues to sell, and the stock price falls below the 1.10 position. It really becomes worthless. They also believe that the shorts will close their positions.

  Among them, Legg Mason Group temporarily stopped selling, not that they stopped selling, but wanted to slow down, let the shorts liquidate their positions, the stock price rose slightly, and they would close their positions again.

  At this moment, Legg Mason Group, President, Bill Miller looked at Fannie Mae’s stock price chart and sighed.

  This time the Legg Mason Group has suffered heavy losses on Fannie Mae. Fortunately, he has not used any funds in recent days to continue to increase his holdings of Fannie Mae’s stock.

  At this time, a piece of news appears.

  Wall Street Journal: [Mosaic Group's heavy warehouse Fannie Mae's huge losses exceed billions of dollars]

  This is bad. The stock price of Legg Mason Group was immediately sold off by investors, and it began to fall from a U-turn of $47.

This time the U.S. government took over the two giant mortgage companies Fannie Mae and Freddie Mac. Global stock markets are rising, and the stock prices of many listed companies are rising. Only the stock price of Legg Mason Group has begun to turn around and fall. Exhausted.

   "FUCK!"

  He punched the wall hard.

  No one likes the company's stock price falling. Under such a good rescue, the stock price of Legg Mason Group has fallen, and the stock price is really not optimistic.

  He knows that the person who made this news must want to engage in his company. He secretly guessed that there is a financial institution that is a profitable financial institution to short-sell him, the majority shareholder of Fannie Mae!

   "Is there really an organization that is eyeing the Legg Mason Group?"

  He pondered over the financial institutions that might short the Legg Mason Group.

  At this time, the assistant hurriedly walked up and said, “Mr. Miller, it should be a trader under Goldman Sachs who is shorting our company’s stock.”

  "It is rumored that they have shorted most of the stocks related to the real estate industry. Fannie Mae and Freddie Mac have also been shorted. We are the majority shareholder of Fannie Mae, and individual traders under them may also short our company’s stocks."

  The shares of Fannie Mae bought by Legg Mason Group this time were all purchased with self-operated funds, in order to make Legg Mason Group become the majority shareholder of Fannie Mae and obtain huge profits in the future.

  Unexpectedly, the U.S. government took over Fannie Mae in this way and took away all the profits through senior preferred stocks, causing heavy losses to ordinary shareholders and causing Legg Mason to have a big trouble.

  Although Legg Mason Group manages a lot of assets, it is customer assets, and this time the self-operated assets they have accumulated have suffered heavy losses on Fannie Mae.

  Fortunately, today’s financial stocks and bank stocks are rising sharply. Among the private assets of Legg Mason Group are Bank of America and Citibank’s stocks, which have made a lot of book profits, which slightly offset the losses on Fannie Mae’s stocks.

  However, some institutions are eyeing Legg Sachs Group. It may be a trader in Goldman Sachs Bank.

  It is estimated that they have started shorting in the dark as early as possible.

   "Damn Goldman Sachs!"

  Bill Miller's chest rises and falls slightly, and it is not a good thing to be watched by Goldman Sachs traders.

  Especially because he holds a large number of shares of Legg Mason Group, the stock price of Legg Mason Group drops, and his value shrinks.

  The most important thing is that he pledged some of his stock in Legg Mason Group to Bank of America, and then invested in a very lucrative big project.

  If the stock price of Legg Mason Group is shorted by Goldman Sachs, causing the stock price to plummet, he pledged the shares of Bank of America Corporation, then it would be dangerous.

Bifang said that the major shareholder of a listed company mortgaged 100 million shares to the bank, worth 1 billion US dollars of stock assets, and obtained a 600 million US dollar loan at a price of 10 US dollars. The mortgage price was only 10 US dollars per share. share.

  If the stock price drops to $6 per share, or $5 per share, then the bank will come to rush for money.

  Because when the stock price fell to $6 per share, these 100 million shares were only worth $600 million.

   When it fell to US$5 per share, it was only worth US$500 million. After the bank forced the stock to liquidate its position, the loss brought by it would be compensated by major shareholders.

  This Goldman Sachs Bank is simply hated by him.

  ··

  At this moment, the Asia-Pacific headquarters of the Indian Industrial Credit Investment Bank, Sundeep Bartra, and Nehru are pale, and they have not closed their positions.

  Because it cannot be settled at all, the market is all selling, everyone is selling, their hearts are collapsed and numb.

  India’s Industrial Credit Investment Bank holds 50 million Fannie Mae’s shares, which were bought long ago at a cost price of around US$10.00 per share.

At that time, it spent 500 million US dollars, and now the stock price has fallen to 1.1 US dollars per share. The floating loss on the book continues to increase. Now 50 million shares are only worth 55 million US dollars, and the loss is 445 million US dollars. Batra was furious.

   "Oh, how can I close the position?"

   "The stock price has fallen to $1.1 per share, is it his!"

These 50 million shares were lent to the Black Shirt Insurance Company for short selling. After the Black Shirt Insurance Company closes its position, 50 million shares will be returned to the Indian Industrial Credit Investment Bank. Then Sundep Batra can close the position and sell the shares. .

  But now Sundeep Bartra doesn’t want to close his position anymore, his heart is numb, let it go.

   And Nehru's heart collapsed even more, helpless, helpless, Indian private pension holding 200 million shares, how to close the position?

   all sold out?

  In that case, the stock price will fall to $0.1 per share, right?

  This loss is even greater!

What is the significance of such a sell-off?

  It's better to continue to take it.

  Now India’s private pensions have lost a lot of money on Fannie’s stock, with a floating loss of US$6.1 per share and 200 million shares, which is a floating loss of US$1.22 billion!

  This is a huge loss. It turned out that his immediate boss, the chairman of the Indian Pension Fund, was very optimistic about him and planned to elect him as the chairman in the future.

  But the performance this time is really bad. Where is this $1.22 billion loss?

  His position may be unstable.

  In Indian private pensions, he also has competitors.

  "This time I was really scammed on Fannie Mae." Nehru was really furious: "The people on Wall Street also lied to me. They told me it was okay before, but it happened so big!"

  It is hate to think of Nehru here.

  "This time let the black shirt insurance company go out of **** luck"

  "Why, these Chinese people are so lucky for shit"

  This time, they blocked the Huaxia people who were vacant and profitable. They wanted to blow them up. They took the Heishan Insurance Company and Heishan Investment Bank, and they suffered terrible losses.

  I really can’t describe my mood at the moment!

  And Ratan Tata comforted: "The two do not need to be discouraged. This time the U.S. government takes over Fannie Mae and Freddie Mac, and the global stock market has soared. We have also made a lot of profits elsewhere."

   "And the Black Shirt Insurance Company borrowed 1 million shares of American International Group?"

   "These Chinese people will definitely be short AIG. When we block them again, we can definitely blow them up on AIG's stock."

  This time, the Tata Consortium did not hold Fannie Mae and Freddie Mac stocks, so there was no loss. However, the global stock market rose sharply, so that their holdings of stock assets have increased a lot.

Sundeep Bartra gritted his teeth and said: "Yes, the Black Shirt Insurance Company also asked us that the Indian Industrial Credit and Investment Bank borrowed 1 million shares of American International Group. They will definitely short American International Group. Kill them!"

   Nehru also said: "Our Indian private pension also holds 1 million shares of American International Group. If they want to short, I can lend them as long as they have the guts!"

  Ratan Tata faintly said: “Don’t worry, the global stock market is rising. These Chinese people must have no guts to short AIG, they are just taking **** luck on Fannie Mae.

  If it weren’t for the U.S. government to take over the two companies Fannie Mae and Freddie Mac by means of senior preferred shares, we would definitely blow up these Chinese people."

  Ratan Tata is right to say that if the US government did not take over Fannie Mae and Freddie Mac by way of senior preferred stock, then the stock price would never dive!

  At this time, Nehru’s phone rang, and it was Singel, the chairman of India’s private pension fund, who asked him to find an opportunity to liquidate Fannie’s stock.

  This time India’s private pension claims,

   Nehru hurriedly said: "Yes, I know the chairman."

  After finishing the call, Nehru looked at the stock price chart of Fannie Mae unwillingly on his face. In the next few days, he will look for opportunities to liquidate Fannie Mae’s stock because the chairman has already given an order!

  This Fannie Mae’s stock is not worth investing in the next 20 years, because Fannie Mae has been taken over by the US government for at least 20 years, and their ordinary shareholders will not receive a dividend, a dividend, and no management rights.

  Such stocks are worthless.

  So clearance.

  This time the Indian pension fund is kneeling!

  At this time, a female assistant came in and said: "President, the lawyer from the Black Shirt Insurance Company is here, saying that he will return the stock to us immediately and contact the mortgage agreement."

  Sundep Batra said dismissively: "Isn't this the stock has not returned yet?"

   "Let him wait outside and turn on the air conditioner to the coldest"

   "That's a good idea!"

  It is Sundeep Batra and Nehru that are full of anger and cannot be released.

  This bad breath is naturally going to come out.

  So, Yin Feihong, the barrister of the Black Shirt Legal Company, was assigned to the reception room, and the Indians turned on the air conditioner to the coldest.

   can give Yin Feihong cold and sneeze straight.

"Son of a bitch!"

  At the headquarters of the black shirt insurance company, Wang Guanxi saw a large number of buying orders coming in, and the stock price quickly rushed to 1.30 US dollars per share, obviously there are many short positions in the liquidation.

  After all, the stock price is so low. Many shorts have made profits and want to cash in profits, so they will close their positions.

  Close a short position is equivalent to buying. The black shirt hedge fund is also a short position. Wang Guanxi also intends to close the position. He doesn’t want to wait anymore. If the stock price continues to fall, he can’t make much money.

  In simple terms, the black shirt hedge fund opened a position at $7.50 per share, shorted 60 million shares, and the stock price fell to 1.30 and 1.00.

  But the earnings per share is not much, Wang Guanxi can’t imagine continuing to waste time on Fannie’s stock.

  After closing the position, he intends to short American International Group (AIG)

   So Wang Guanxi said: "Let’s close the position!"

   "Yes, BOSS"

  Then everyone started to liquidate their positions.

  1 million shares!

  1 million shares!

  1 million shares!

  ···

   Soon the stock price rushed to the 1.70 position, closing 30 million shares.

  Wang Guanxi shouted: "Stop first!"

  "Yes, BOSS" everyone stopped.

  Many stock prices fell sharply again, because those bulls saw the stock price rise slightly and began to sell.

   Soon the stock price fell to 1.30 again, and Wang Guanxi shouted: "Continue to close the position!"

  "Yes, BOSS" everyone closed their positions again, raising the stock price to near 1.70!

  The remaining 30 million short positions are also closed.

  The opening position is at 7.50, and the average closing position is at 1.50!

   One share earns $6, 60 million shares, that is 360 million U.S. dollars, which is 2.79 billion Hong Kong dollars.

  This time is a big profit.

  This time, the black shirt hedge fund was blocked by the Indians. After a big fight, it can be described as a big victory!

  Wang Guanxi pondered that the Indians had been defending the market and pulling up Fannie Mae’s stock. Today, Fannie Mae’s stock price has been so miserable, and it must have lost more than $1 billion.

  Thinking of this, Wang Guanxi felt very proud.

  These bad guys want to take away the Heishan Insurance Company and Heishan Investment Bank when they stop themselves. It's just right for them.

  (End of this chapter)