Rebirth of the Financial Crisis Sweeping the World

  Chapter 206 206 consumes 2.5 billion dollars!

  The headquarters of the black shirt insurance company, Wang Guanxi and others quietly waited for the Indians to take action.

  Now AIG Group’s share price has fallen to 363.00, which is the lowest point today, but the Indians are still not making a move?

"TM's, are the Indians still tolerating?" Huang Shaokai couldn't help being furious. Their black shirt insurance company kept short selling on it, but the Indians just didn't sell, and now they have shorted 3 million shares. Fortunately, it was black before. The shirt insurance company stopped.

   "I don't think I dared to shoot anymore," Zhang Dexi also said.

  Wang Juehao was also a little confused. It stands to reason that this Indian has already taken a shot, and he hasn’t taken a shot yet. He said, "I don’t know, just watch it quietly."

  Wu Zhankun said with certainty: "This Indian will definitely take the shot. They may be watching whether the AIG Group's share price will fall below the 363.00 position!"

  Now AIG Group’s share price is being supported at 363.00, and retail investors in the market are selling or buying.

  The longs and shorts among retail investors are fighting in the range of 363.00 to 369.00.

  Bai Weiqiang said impatiently: “The Indians still haven’t made a move. If they make a move, the stock price should break through the 370.00 position.”

  Huang Shaokai asked: "Boss, what tricks is this Indian doing?"

  Zhang Dexi also asked: "Could the Indians be beaten to their knees by us on Fannie Mae before, and dare not come to stop us again?"

  Wang Guanxi said lightly: “It shouldn’t be. The Indian should be observing the strength of the support near the 363.00 position. If it can’t fall anymore, the Indian will take action.”

  Wu Zhankun said with a gloomy face: "Indians are really sinister, they like to be a **** with shrunken heads!"

  Huang Shaokai said with some luck: "Fortunately, we only shorted 3 million shares before!"

  Before, the black shirt insurance company shorted 3 million shares of AIG Group. Don’t underestimate these 3 million shares, which are worth 1.2 billion U.S. dollars, which directly caused AIG Group’s stock price to fall by 50 U.S. dollars.

  Why did the black shirt insurance company stop shorting when the stock price fell to 363.00?

   is waiting for the Indians to take action!

  At present, the Black Shirt Insurance Company still has 2 million shares of American International Group not sold!

  At this time, Wang Guanxi saw a message.

  【Mosaic Group's heavy warehouse Fannie Mae's huge loss exceeds billions of dollars】

LeggMason Group (LeggMason, Inc., referred to as "LeggMason"), founded in 1899, is one of the world's largest asset management companies, focusing on asset management business. Has a history of more than 100 years.

  Mosaic Group has successfully established a strong heritage, and currently manages more than 998.5 billion US dollars in the global equity and fixed income markets.

  But this is customer assets. It does not mean that its self-operated assets have 998.5 billion US dollars. It just manages customer assets.

  The profit is handed over to the customers. They only charge a very small amount of management fee every year, which is very low.

   Legg Mason Group and Citibank launched QDII products-Legg Mason Global Fund Series in China in January 2008. This series includes six fund products that focus on investing in global stocks and fixed income markets.

  Now the Legg Mason Group's tentacles extend to all over the world, with business offices in the United States, Canada, the United Kingdom, France, Germany, Luxembourg, Spain, Poland, Australia, Japan, Hong Kong, Bay Island, Singapore, Chile and Brazil.

  Its most recognized feature is its unique expertise in fund management.

   owns many well-known investment management companies, focusing on their respective areas of expertise.

  These investment management companies include LeggMason Capital Management.

  Western Assets[(WesternAsset).

  Res Investment

  Brandi Global Investment Management

  Baseus Capital Management

  Baijun Financial Management

  Mosaic International Stocks

  Kelly consultant.

  Each investment management company is a 100% subsidiary of Legg Mason.

  Investors of Legg Mason Group have the opportunity to invest in the asset classes that each investment management company is good at and their unique investment procedures and concepts, and they can also invest in projects of potential value around the world.

  Mosaic Group is one of the world's largest asset management companies, specializing in asset management, and one of the world's leading asset management companies.

  "In the future, I will also have to set up an asset management company!

  In this way, you can control many, many assets, and participate in many, many companies!

  Although they are all customer assets and do not belong to me, I can control them!

  A lot of horses can be arranged to serve as directors of major companies, and many excellent horses can be recruited"

  Thinking of this, Wang Guanxi is looking forward to it.

  "This Legg Mason Group has assets of nearly 1 trillion U.S. dollars. After the financial tsunami, the global stock market plummeted for a few months, and their losses were also very heavy!

  I can buy many good assets of Legg Mason Group in the future, such as the equity of some small and medium banks in the United States."

   "And I still remember that the Legg Mason Group is also a major shareholder of AIG"

  "This time the US government took over Fannie Mae and caused heavy losses to the Legg Mason Group. However, after the financial tsunami, the US government planned to take over AIG and injected nearly US$90 billion into AIG Group.

  In the end, AIG sold its assets frantically in order to save itself and return the money of the U.S. government. The stock price of AIG also fell horribly."

  "This Legg Mason Group is also unlucky enough. Not only is it being dragged down by Fannie Mae now, it will also be dragged down by AIG in the future."

  "Assets were redeemed by customers for more than $60 billion"

  This has to sell a lot of assets and cash in cash.

  ···

  At this moment, at the headquarters of Legg Mason Group, New York, USA, Bill Miller, president, looked at the stock chart of AIG Group, and fell into deep thought.

  Is something wrong with AIG Group?

  Impossible!

  Mosaic Group is also a major shareholder of AIG Group. Of course, the number of shares held by this major shareholder is not very large, that is, 20 million shares.

   is worth 7.26 billion U.S. dollars, which has shrunk a lot.

Last year, in 2007, the stock price of AIG Group was still at US$1,200 per share. At that time, these 20 million shares were valued at US$24 billion, but this year the share price has fallen to US$400 per share, and now it has fallen to US$363.00 per share. Stocks, historical lows.

  The U.S. stock market is basically rising tonight, but the AIG Group’s stock has actually been sold off!

  At this time, a piece of news came out.

  [AIG former chairman Greenberg may plead 100 million US dollars in fines]

Former AIG Chairman Greenberg may accept a fine of at least $100 million as part of a settlement plan with the New York State Attorney General’s Office on its civil fraud allegations. This also indicates that the two parties’ protracted tug of war has come to an end. signal.

  The lawsuit against Greenberg was initiated by the former New York State Attorney General Spitzer, known as the "Wall Street Integrity Fighter", because the former was involved in AIG's 2005 financial fraud case!

  This global sensational fraud case also directly led to the "Godfather of Insurance" Greenberg's resignation that year.

  In 2006, AIG and the authorities reached a $1.64 billion settlement agreement.

At the same time, several criminal charges against Greenberg and another executive of the company were also dropped, but the civil charges against them for "improperly whitewashing the company's performance" continued, and Greenberg has always insisted that he did not fault.

  The above-mentioned people familiar with the matter said that in addition to the fine, the prosecution and defense are still discussing the wording of the final settlement plan.

  This made Bill Miller frown.

  Mosaic Group and American International Group (AIG) have a cooperation, and they have also established directors in the AIG group, but there are so many directors in the AIG group, and their power in the AIG group is limited.

  This time, people from the Tata Consortium of Pulling Indians came in and everyone worked together.

  Originally, the Indians were planning to buy stocks. Everyone has talked about it, and work together on the AIG Group Board of Directors!

  Thinking of this, Bill Miller called Ratan Tata from the Tata Consortium. This Ratan Tata is one of the heirs of the Tata Consortium in India!

  The call was quickly connected, and Bill Miller asked, “Ratan Tata, aren’t you planning to buy AIG Group stock? Now that the stock price has fallen a lot, you can buy it.”

  Rattan Tata said on the phone: "Mr. Miller, I was planning to buy it. Unexpectedly, your call came."

  After a few chats, the call ended.

  Bill Miller sat in the boss’s chair and thought, but when he saw that Fannie’s stock price had fallen below $1.00 per share, his face suddenly became very gloomy.

  This time, Fannie Mae’s 200 million shares are being liquidated. Now they have not been liquidated. I don’t know how much money they have lost.

  It is understandable that Fannie Mae’s stock price has fallen miserably, but if he still loses on the AIG Group’s stock, he will be uncomfortable.

  ··

  At the moment, the Indian Industrial Credit Investment Bank, Ratan Tata, watched the AIG Group’s stock price stabilized at 363.00, and could not fall anymore. Suddenly, he was extremely excited!

   "Haha, these Chinese idiots suddenly hit the stock price to $363.00 per share. Isn't this a death!"

  363.00 position is today's lowest point!

   "Buy in!"

   "You can buy Ratan Tata"

  Sandep Batra, Nehru urged.

  "Don't worry, I understand" Ratan Tata started buying right away!

  Buy 10,000 shares at once!

  10,000 shares!

  10,000 shares!

  ··

  The AIG stock price quickly broke through the 370.00 position, and slowly rushed to the 380 position!

  The retail shorts in the market were directly beaten and scattered!

  Black shirt insurance company headquarters.

  Everyone is very excited.

   "This Indian really made a move"

  "Indians are buying!"

   "The Indians are already pulling up the stock price!"

  Wang Guanxi said: "Go short, **** these Indians!"

  "Yes, BOSS!" Everyone continued to short-selling!

  10,000 shares!

  10,000 shares!

  10,000 shares!

  ··

  But Ratan Tata is still buying, without the slightest politeness, eating up all the selling in the market!

  20,000 shares!

  20,000 shares!

  20,000 shares!

  ··

  Although the black shirt insurance company is short again, the stock price continues to rise!

   rushed from the 380.00 position to the 396.00 position!

  Black Shirt Insurance Company once again sold 2 million shares and sold out all 5 million shares.

  But the stock price continues to rise under the purchase of Ratan Tata!

  At 1:30, the stock price of American Nationality Group returned to the 413.00 position again!

  Ratan Tata is very excited at the moment!

   "Haha, those Chinese people are stuck tightly"

   "I will let them take action first, and then I will take action and catch them to death!"

  This time he spent 2.5 billion U.S. dollars and raised the stock price from 363.00 to 413.00 in one go, which is a full $50!

  Although he spent 2.5 billion U.S. dollars, he also knew that Huaxia’s bullets were also gone, and he was unable to prevent AIG’s stock price from rising sharply.

  Be aware that the stock price of American International Group was hit by Huaxia People from 413.00 to 363.00, and then he pulled up the stock price and trapped them.

  Sundep Batra smiled sinisterly: "Ratan Tata, good job"

   Nehru also said: "They are not so lucky this time."

  Ratan Tata smiled and said, "They are dead this time, but I didn't expect that they had a lot of bullets this time. It should be that they asked other financial institutions to borrow stocks."

   Nehru nodded: "Yes, it must have asked other financial institutions to borrow stocks, at least 5 million shares!"

  The black shirt insurance company borrowed 2 million shares from them, and the remaining 3 million shares should be borrowed by other financial institutions.

  Sundep Batra smiled: "These Chinese people are really insidious, but they are also stupid. They don't understand our strength at all!"

  "Being short American International Group dared to tell us blatantly, indicating that they were well prepared and prepared 5 million shares, but unfortunately they did not expect that we have strong funds and are waiting to eat these idiots."

  Thunder Pu Batra is very proud of it.

Ratan Tata also smiled and said: "5 million shares are 2 billion US dollars, haha, this time they were trapped by us with 2 billion US dollars of funds. There must be a lot of loss in the account now, they are finished. !"

  Before, he thought that these Huaxia people only had 2 million shares of American International Group. He didn't expect to have 5 million shares, which surprised him, but the situation was still under control.

   Nehru echoed: "Yeah, they're done. The Black Shirt Insurance Company this time, they don't even think about having a chance to take it back."

  The three of them were very excited, and the taste of eating their prey was very happy.

  They are going to win this time!

  At this time, Sundeep Batra thought for a while and said: “We continue to say in the media that the Black Shirt Insurance Company is short American International Group and has a huge loss of 500 million US dollars!”

  He doesn’t care how much money the black shirt insurance company loses. This rumor is to put pressure on the black shirt insurance company. If the black shirt insurance company is insolvent, it will definitely be punished heavily.

   "Okay, this is a great idea" Ratan Tata was very happy at once, it was really fun to do so.

   Nehru smiled sinisterly: "Hey, I asked friends in the insurance industry to report the insolvency of the black shirt insurance company to the Securities Regulatory Commission and illegal use of funds!"

   "Just do it!"

   "Simultaneous shot!"

   "Okay, do it now!"

  The next three days I started calling in the middle of the night, because Hong Kong is one of the global financial centers, and the US stock market opens at 9:30 p.m. Hong Kong time and closes at 4 a.m., it is very normal to do financial night shifts.

  The three people know a lot of friends, including the media. You can make negative news about the black shirt insurance company with a little money.

  ··

  (End of this chapter)