Rebirth of the Financial Crisis Sweeping the World

Chapter 238: 238 more than the cash flow of the top ten consortia, Indians

Chapter 238 238 is much more than the cash flow of the top ten consortia, the Indians collapsed!

5 minutes later, AIG's stock price fell to $100 per share again.

Wang Guanxi smiled and said: ‘I said it can’t go up.’

"Let’s watch the show, everyone, as it rises and falls, we are already invincible!"

As for the stock price of AIG Group, you don’t need to pay attention for the time being, just make sure that it will continue to fall in the future.

Now the black shirt insurance company account has a floating profit of over 11.1 billion Hong Kong dollars, and this time the black shirt insurance company is only 13 billion Hong Kong dollars in principal!

can be said to be a big profit.

"Once our black shirt insurance company closes its position, it will have at least 23 billion Hong Kong dollars in cash flow!"

"Cash flow of 23 billion Hong Kong dollars!"

"This is quite comparable to the cash flow of the top ten consortia in Hong Kong"

"This 23 billion Hong Kong dollar, it seems that we can continue to short the Huang consortium, the Zheng consortium's enterprises!"

"As long as any one of the top ten consortiums in Hong Kong provoke us again and oppose us, do it right away!"

At this time, Huang Shaokai asked: “Boss, after we close this position, we can have at least 23 billion Hong Kong dollars in cash flow. Hey, at that time, the Huang’s consortium, the Zheng consortium, and the Hong’s alliance were scared to death by us every minute."

Previously, the Huang Family Consortium, Zheng Family Consortium, and the Hong Family Alliance fought against the black shirt hedge funds. The two sides invested a total of more than 27 billion Hong Kong dollars in the stock market.

The black shirt hedge fund consumed 11.7 billion Hong Kong dollars in funds, and its 6 billion Hong Kong dollars were loans from Wing Hang Bank. This battle was very tiring.

Fortunately, in the end, it took advantage of it.

Lehman Brothers went bankrupt, and the money invested by Taifook Securities in Lehman Brothers was lost, causing the Hong Alliance to collapse.

Now the black shirt insurance company has mobilized another 23 billion Hong Kong dollars in funds, then the Huang consortium, the Zheng consortium?

Haha, beat him to his knees in minutes.

Wu Zhankun also said: "If we really put out 23 billion Hong Kong dollars in cash flow, then the Huang consortium, the Zheng consortium, and the Hong consortium will definitely be scared to death by us."

In these days, the funds of the Huang's consortium, the Zheng's consortium, and the Hong's alliance have been almost exhausted by the black shirt hedge funds. At this time, the black shirt insurance company has another 23 billion Hong Kong dollars in cash flow, and it is estimated that the other party has just collapsed.

Zhang Dexi also said: "After finishing with the Indians this time, I will clean up the Hong Family Alliance, the Huang Family Consortium, and the Zheng Family Consortium. Hey, we have so much cash flow, and their cash flow has dried up. What will they do with us? dry?"

Last week, the black shirt hedge fund was trapped by the Hong Alliance, the Huang Consortium, and the Cheng Consortium with 11.7 billion Hong Kong dollars in funds, requiring more than 230 million Hong Kong dollars in interest every month. He was still very panicked before, but now finally Don't panic anymore.

23 billion Hong Kong dollars in circulating cash, the Huang’s consortium, the Zheng consortium, and the Hong’s alliance, whose cash flow has dried up by then, are like patients suffering from excessive blood loss. What kind of capital should they continue to do with them?

Furthermore, Taifook Securities Co. lost at least more than 2 billion Hong Kong dollars on Lehman Brothers. When the market opens tomorrow, the stock price of Taifook Securities Co. will plummet, and then tie Hao Financial Group into hell. This is fun.

Wang Juehao also excitedly said: "The Hong Family Alliance, the Huang Family Consortium, and the Zheng Family Consortium have actually lost. Hey, what's the matter with the Indians now?"

"Don't know how much they will lose?"

"I feel that this time we can make more than 12 billion Hong Kong dollars on American International Group"

Although their principal was only HK$13 billion before, they borrowed 5 million shares of American International Group to sell short and mortgaged the black shirt insurance company to an Indian private pension.

Now AIG may also go bankrupt like Lehman Brothers. It will be fun when AIG’s stock price drops to $1 per share, and the Indians who blocked the black shirt insurance company will lose their money.

Bai Weiqiang smiled: "Indians are estimated to lose at least HK$12 billion or more, maybe more."

Looking at the stock chart of American International Group, I found that it was temporarily supported at the position of US$100.00 per share.

He opened his mouth and said: "I don’t know if AIG’s stock will fall below $100.00 per share tonight."

At this time, Wang Guanxi said indifferently: "It should be, wait, it's less than one hour after the opening of the market now."

At this time, a piece of American International Group’s latest news came out.

【AIG Group is approved to use the subsidiary's US$20 billion assets to save itself】

New York State Governor David Patterson announced at a press conference that the troubled American International Group (AIG) has been approved to use its subsidiary’s $20 billion in assets for self-rescue.

Patterson said that the relevant departments of the New York State Government have reached an agreement on the above plan.

also revealed that officials in charge of the insurance industry in New York State have asked the US federal government to provide additional funds for AIG.

At the same time, a spokesperson for the Federal Reserve Bank of New York confirmed that representatives from the U.S. Treasury Department, financial institutions and the New York State Government held a meeting at the Federal Reserve Bank of New York on the same day to discuss AIG issues.

AIG is the largest insurance company in the United States, employing approximately 8,500 people in the New York area.

Since the subprime mortgage crisis broke out, the group has been heavily dragged down by business losses such as credit default swaps. By the second quarter of this year, it had reported a net loss for the third consecutive quarter.

In the three quarters, AIG’s credit default swap business had a cumulative loss of 25 billion U.S. dollars, and losses in other businesses were as high as 15 billion U.S. dollars, and the total loss was as high as 40 billion U.S. dollars!

Filed for bankruptcy protection in Lehman Brothers, AIG is the latest financial giant to fall into crisis

After the self-rescue of US$20 billion in funds, AIG’s share price did rise a bit, and it quickly rushed to US$100 per share to US$120 per share. It returned to the position where the stock market opened just now, but the stock price can’t go up anymore. Up.

At this moment, Legg Mason Group and Bill Miller watched the stock prices of American International Group and Lehman Brothers plummet, especially the share price of Lehman Brothers has fallen to close to zero, and Legg Mason has lost money in Lehman Brothers. , And in AIG, there are also numerous losses.

At present, Legg Mason Group still holds 15 million shares of AIG Group. It is simply a terrible loss, beyond description.

This time Lehman Brothers made the Legg Mason Group’s investment worthless, and now AIG is the same, causing him heavy losses.

Thinking about it, he said to his assistant: "Sell 1 million shares of AIG first!"

"Yes, the president" assistant hurriedly arranged.

Under the sell-off of Legg Mason Group, the stock price of AIG Group suddenly turned and fell, and soon fell to $100.00 per share, which was temporarily supported.

After all, this American International Group is ready to use $20 billion in funds to save itself.

Asia Pacific Headquarters of Indian Industrial Credit Investment Bank.

Sundep Batra saw that the AIG Group’s stock price had fallen back to 100.00 per share, and immediately asked, “Should you call Huaxiaren now to discuss liquidation?”

Indian Private Pension’s Nehru said: “Don’t wait any longer, here AIG Group just announced that it will save itself with 20 billion US dollars of funds, and the stock price will continue to rise in the future.”

Ratan Tata, heir to the Tata Consortium, also said: "I also think the share price of AIG Group will rise a lot. Don't worry, wait for 20 minutes."

"Well, just wait another 20 minutes," Sundeep Batra said.

···

As for the headquarters of the Black Shirt Insurance Company, everyone once again saw AIG’s share price drop to $100.00 per share and felt relieved.

At this time, another message came.

【The Federal Reserve establishes a 70 billion stabilization fund to rescue the market】

The Federal Reserve announced that it will adopt new measures to help financial institutions deal with the severe credit crisis.

According to reports, the new measures include the establishment of a US$70 billion stabilization fund in conjunction with the ten largest U.S. banks.

US Treasury Secretary Paulson said that the Fed’s new measures are critical to maintaining the liquidity and smooth operation of the market, as well as solving some hidden worries in the credit sector.

In addition, central banks of various countries also urgently injected capital to rescue the market.

The ten banks that have jointly established the fund with the Federal Reserve are Bank of America, Barclays Bank, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, **** Corporation, Merrill Lynch, Morgan Stanley and UBS. Wait.

In addition to the joint establishment of the stabilization fund, the Federal Reserve has also relaxed the conditions for the use of credit instruments for primary dealers, that is, major investment banks will be able to use ordinary shares as loan collateral.

After the implementation of this regulation, the collateral of the US fixed-term securities lending facility (TSLF) will include all investment-grade securities assets.

The upper limit of TSLF loans has also been widened. The Federal Reserve raised the upper limit of such loans from the original US$175 billion to US$200 billion.

[Former Federal Reserve Chairman Alan Greenspan: The once-in-a-century US financial crisis will induce global turbulence]

Greenspan: The United States is trapped in a "one-in-a-century" financial crisis; the possibility of this crisis triggering an economic recession is increasing.

This is the most serious financial crisis he has seen in his career. It may still last for a long time and continue to affect US real estate prices.

Greenspan believes that this crisis will continue to be a “corrosive” force until the price of real estate in the United States stabilizes; the crisis will also induce a series of global economic turmoil.

When asked whether the probability of the United States avoiding economic recession exceeds 50%, Greenspan replied that he believes that the probability is less than 50%.

"I don’t believe that a once-in-a-hundred-year financial crisis will not cause serious damage to the real economy. I think this is happening."

Greenspan also predicted that more large financial institutions will fall in this crisis.

It’s really not a lie, it’s all true, but everyone takes it seriously.

And Huang Shaokai a little sorrowful said: "This time the United States is estimated to be in a financial crisis."

Wang Guanxi smiled and said: “Yes, the financial crisis is about to swept across, everyone is still dreaming, or it’s not about hanging up high, don’t care, don’t pay attention.”

Now Lehman Brothers has declared bankruptcy, Merrill Lynch is sold to Bank of America, and the Federal Reserve has set up a 70 billion stabilization fund to rescue the market!

These are all signs of the outbreak of the financial crisis.

The former five largest investment banks in the United States are no more "two big", Lehman Brothers announced that it filed for bankruptcy, and Merrill Lynch also agreed to sell to Bank of America for approximately $44 billion.

The former chairman of the Federal Reserve Greenspan said that the United States has suffered a "once in a century" financial crisis, and more large financial institutions will fall in this crisis.

British Barclays Bank announced that it will withdraw from its bid for the troubled US investment bank Lehman Brothers.

This made the Lehman Brothers rescue plan promoted by the U.S. financial regulators face difficulties, and it also made the fourth-largest investment bank in the U.S. had to announce its bankruptcy and liquidation plan on the evening of the 14th.

And the Bank of America, which Lehman Brothers originally expected to acquire it, has joined with Merrill Lynch, which caused Lehman Brothers to go bankrupt and liquidate directly.

Affected by news that Lehman Brothers filed for bankruptcy protection and Merrill Lynch agreed to sell to Bank of America, investors have sold financial stocks, dragging down global stock markets.

On Monday, the open stock markets in the Asia-Pacific region generally fell.

The Australian stock market closed down 86.1 points, or 1.8%, and financial stocks closed down 3.5%. The Gulf Island stock market fell sharply, and the stock index closed at a nearly three-year low.

The major European stock markets generally fell 2% to 3% at the opening on Monday, and the intraday decline fluctuated around 4%. Bank stocks led the decline.

US stocks opened lower on Monday night, and the Dow Jones Index fell 94.04 points. The Standard & Poor's 500 Index fell 16.26 points, and the Nasdaq Composite Index fell 57.22 points.

At 12 o'clock in the evening Asian time, the Dow fell 2.6% and the Nasdaq fell 1.66%.

Since the bankruptcy of Bear Stearns and the takeover of the "Two Real Estate Companies" and other financial institutions in crisis, Lehman Brothers filed for bankruptcy protection, and Merrill Lynch also agreed to sell to Bank of America for approximately US$44 billion.

Currently, only the “two” of the five largest investment banks in the United States survive, Goldman Sachs and Morgan Stanley.

A “tsunami” has already occurred on Wall Street, and there are reports comparing it with the 1929 American stock market crash and the Great Depression.

Bill Gross, the manager of PIMCO, the world's largest bond investment fund, also said: Lehman's bankruptcy will trigger a "financial tsunami."

Under the suggestion of the Federal Reserve, the financial derivatives trading market opened by the International Swaps and Derivatives Association (ISDA) is temporarily opened to facilitate various types of traders to hedge related risks.

Lehman has been on the brink of bankruptcy at least four times in its history: in 1929, the stock market crashed.

In 1973, the company lost $6.7 million in betting interest rates.

In 1984, differences of internal opinions led to the acquisition by American Express.

In 1994, the newly independent Lehman faced a shortage of funds.

However, this time Lehman Brothers is still "doing not escape."

Zhang Dexi couldn’t help sighing: “Oh, this situation is changing rapidly and the future is unpredictable!”

"I never thought that Merrill Lynch would also be acquired, but it would still be sold at a low price."

Merrill Lynch’s $44 billion "sale" to Bank of America Holdings.

Wang Guanxi smiled and said: “Yes, this market is unpredictable, and the weather is unpredictable, and the one that should be done is still done.”

In order to weather the current storm sweeping the US financial world, the 94-year-old Merrill Lynch agreed to sell itself to Bank of America for approximately $44 billion.

The deal reached after 48 hours of intense and intense negotiations between the two parties instantly reshaped the U.S. banking industry, making the Bank of America financial giant even bigger and establishing one of the largest banks in the world!

Speaking of Bank of America, I have to say a person's name, Kenneth Lewis, CEO of Bank of America!

Driven by him, the bank has conducted dozens of mergers and acquisitions of varying sizes, including the acquisition of the troubled mortgage company Rural Financial Group earlier this year.

After acquiring Merrill Lynch, the Bank of America company will control the largest stockbroker team in the United States and a respected investment bank.

The merger of the two will create a banking giant with a wide range of businesses, covering almost all aspects of the financial field, covering all aspects of credit card, auto loan, bond and stock underwriting, merger consultation and asset management.

Wu Zhankun said: "This Lewis always likes to buy the biggest thing he can. This time he won Merrill Lynch, he is the hegemon in the financial field!"

Wang Guanxi smiled and said: "It is true."

The acquisition of Merrill Lynch will help Bank of America strengthen its global strength, including in emerging markets such as India.

In addition, Merrill Lynch also has strong strength in the underwriting business, allowing Bank of America to take off completely, but after Lewis acquired Merrill Lynch, his mission was completed and he was fired.

will be prosecuted in the future, and it took tens of millions of dollars to settle the lawsuit.

At this time, Wang Juehao said: "BOSS, it is rumored that American International Group (AIG) is formulating a survival plan, which includes selling some of its most valuable assets, increasing the scale of financing, and is likely to seek help from the Federal Reserve. I don’t know about this United States. Will the international group eventually go bankrupt?"

AIG rejected the capital injection of a private capital operating company consortium led by J.C.Flowers&Co. at the weekend because according to an option attached to the capital injection proposal, the consortium will actually obtain a controlling stake in the company.

But AIG’s board of directors refused to inject capital, and the company’s newly appointed chairman and chief executive Robert Willamstad made an important decision to ask the Fed for help.

It is rumored that the assets that AIG plans to sell include domestic automobile business and annuity business unit, and the company is seeking to sell its aircraft leasing subsidiary International Leasing Finance Corporation.

AIG is also considering transferring the assets of its supervising insurance business to the holding company, which will help the holding company cope with cash or collateral demand!

AIG has a history of 89 years, and its business scope covers almost every corner of the world. In particular, it also has AIG and AIA, these two giant insurance companies, which can bring a steady stream of profits to the AIG Group.

Wang Juehao feels that this American International Group may not go bankrupt and has a chance to be rescued.

Bai Weiqiang also said: “This AIG Group wants to sell its assets. It may be too late. If the Federal Reserve and the U.S. government don’t provide a bailout, AIG Group may also go bankrupt, following in the footsteps of Lehman Brothers.”

Wang Guanxi smiled and said: "It makes sense, this time we will always hold the short list of AIG Group"

At this time, Huang Shaokai also said: “I don’t know what the Indians will be like this time, will they call us to negotiate, haha”

"Maybe it will"

Speaking of Indians, the phone rang immediately, and it seemed that the Indians were calling.

This is a call from Sundeep Bartra, Asia Pacific President of the Indian Industrial Credit Investment Bank.

After Huang Shaokai connected, he asked arrogantly: "Batra, what's the matter?"

On the phone, Sundeep Batra felt angry in response to Huang Shaokai’s disrespect for him. This Chinese person would dare not respect him, what is it!

He is one of the heirs of the Batra family in India. He has a distinguished status and is a group of Chinese people in the black shirt insurance company!

But now it’s here to negotiate, so he suppressed his anger and said: "Mr. Huang, my dear friend, this time I called for..."

He directly said something in the future, suggesting that everyone close the position, which is good for everyone, and the settlement price is 100.00 US dollars.

"Batra, I want to think about it" Huang Shaokai responded indifferently. Then hung up the phone.

At this time, Wang Guanxi said: “Let the Indians settle at the price of 50 US dollars per share. If they want, we will make the transaction. After everyone closes the position, we will settle again at the agreed price.”

"Yes, BOSS" Huang Shaokai hurriedly called back the Indians, to settle at a price of $50 per share.

Sandep Batra, Nehru, and Ratan Tata were suddenly upset. This group of Chinese people are simply too greedy, and they are simply playing them like monkeys!

Cut 50% above the price of $100 per share, what a bastard!

Naturally, the three of them disagreed, so they couldn’t talk about it.

Sundep Batra scolded: "These shameless Chinese people, are you? I must take care of them if I have the opportunity."

Nehru also scolded: "They are humiliating us by deliberately saying such a low price"

"Bad bastard, actually looked down on us and deliberately humiliated me!" Ratan Tata was furious and shattered the teacup fiercely!

Damn, these Chinese people must be laughing at themselves on the other side of the computer, which made Ratan Tata's self-esteem trampled on.

According to the exchange rate of the Indian rupee in September 2008, that is an unimaginable loss.

USD: Rupee

1: 47

1.82 billion US dollars, which is 855.5 billion rupees.

855.5 billion rupees!

"We continue to wait, the share price of AIG Group should not go down anymore, let these Huaxia people regret it!"

··

At this moment, Bill Miller looked at the AIG Group’s stock price at 100.00, and the support seemed to be getting weaker and weaker. There were a lot of selling in the market, and the bulls couldn’t bear it. So he spoke to his assistant: Slowly sell 4 million shares"

At present, Legg Mason Group still holds 14 million shares of AIG Group. He intends to sell another 4 million shares, leaving 10 million shares.

"Yes, Mr. Miller" assistant immediately went to give orders.

Time is slowly passing away, and at this time American International Group, under the sell-off of Legg Mason Group, its stock price continues to fall!

$90 per share!

··

$80 per share!

··

fell all the way to $70.00 per share!

The losses of the three Indian institutions continue to increase!

Industrial Trust and Investment Bank of India has a floating loss of US$530 million.

Indian private pensions have a floating loss of US$530 million.

The Tata Consortium has lost US$2.015 billion.

It's $3.075 billion.

Hold down the exchange rate between the U.S. dollar and the rupee, and that is 1445 billion rupees!

Sandep Batra, Nehru, and Ratan Tata are in collapse. I pray that the share price of AIG Group will not continue to fall.