Rebirth of the Financial Crisis Sweeping the World

Chapter 257: 257,700 billion US dollars dystocia? Gain 3,600 points!

Chapter 257, 257,700 billion US dollars dystocia? Gain 3,600 points!

I stayed at the Empire Hotel until noon. After lunch, I came to the headquarters of the Heishan Investment Bank.

The horses are all drinking tea.

【The core business of the bankrupt Lehman Brothers is sold to Barclays Bank of the United Kingdom】

Lehman Brothers’ bankruptcy trial lawyers claimed that in the past few days, Lehman Brothers’ total assets had shrunk severely, so the British Barclays Bank Group was able to acquire Lehman Brothers’ assets at a low price.

This bank’s Barclays Bank "takes advantage of the emptiness" and negotiated with Lehman Brothers for a total purchase price of approximately US$1.75 billion.

Including the acquisition of Lehman's investment banking and capital market business in the North American market for $250 million, the acquisition of Lehman's headquarters in New York and two data centers in New Jersey for $1.5 billion!

Huang Shaokai couldn’t help but sigh: “The core business of Lehman Brothers is simply selling at a low price.”

Zhang Dexi smiled and said: "In the future, we will also have the opportunity to buy core assets at the price of cabbage in Hong Kong."

At this time, Wang Juehao saw that China Construction Bank held a US$200 million bond of Lehman Brothers, and he might have lost everything.

Hong Kong tycoon Li Zhaoji Lehman Brothers account was blocked for HK$7.8 billion!

The Lehman Brothers disaster broke out suddenly, and everyone unexpectedly!

He couldn’t help but sighed: “This Bear Stearns Company and Lehman Brothers are dead, and the influence is too great, both for the United States and the world.”

Wang Guanxi smiled and said: "The impact of the Lehman Brothers and Bear Stearns cases is unique in American history, and more financial service institutions will file for bankruptcy. The next one is Washington Mutual Bank. !"

When it comes to Washington Mutual Bank, everyone is very excited.

After all, Blackshirt Investment Bank shorted 120 million shares of Washington Mutual Bank. At present, the stock price of Washington Mutual Bank has rushed to $3.00 per share, and there is no floating profit in the Blackshirt Investment Bank account.

In addition, last night, the Black Shirt Investment Bank spent money to Sing Tao Daily to report its own negative news and conduct self-hacking, paralyzing the Indian Industrial Trust Investment Bank.

And the Indian really took it seriously. In the morning, he reported the news that the Black Shirt Investment Bank was going bankrupt.

The same is true of getting a good financial group, gloating and slamming the black shirt investment bank.

Be funny when you think about it.

"We are waiting for Washington Mutual Bank to follow in the footsteps of Lehman Brothers"

"Let the Indians proud first"

"Yes, let them be proud first, when they will cry."

This time the media headlines.

[The stock market soared for two days, Buffett made a big profit of 7 billion US dollars]

Wu Zhanhai couldn’t help but said: “This Buffett is awesome, he made 7 billion U.S. dollars in just two days.”

Lu Jianyan also opened his mouth and said: “Buffett made a dip in financial stocks, and bank stocks made money.”

Guan Zhenyi took a breath: “Everyone in this financial market is busy cashing out and reducing losses. Buffett is busy making money.”

In the last two trading days of last week, the global stock market experienced a record-breaking surge. Major hedge funds were also busy with "excitement" and stepped up to cash out to increase their cash holdings, and Warren Buffett made money easily in this surge. 7 billion US dollars.

Affected by the large fluctuations in the stock market and commodity prices, hedge funds have increased their cash holdings and stopped borrowing long before Lehman Brothers filed for bankruptcy and caused global financial market turmoil.

While hedge funds are busy cashing out, the stock **** Buffett can be said to have returned with a rewarding experience.

Last weekend’s skyrocketing market drove the Standard & Poor’s Financial Index to rise by 24%. Although Buffett did not participate in several recent major mergers and acquisitions, Berkshire Hathaway under his leadership relied on six banking and financial services. The main investment in the industry, the gains in two days may be as high as 7 billion US dollars.

Among them, the stock price of Wells Fargo Bank, in which it invests, has soared!

At the same time, Coca-Cola, U.S. Bank · Berkshire · Hathaway also made great profits with their American Express stocks.

Moreover, Berkshire Hathaway announced that its Sino-American Energy Holding Company acquired Xingpai Energy Group for US$4.7 billion. The company’s stock price fell by more than 50% last week.

In the US stock market trading last Friday, Berkshire Hathaway’s stock price rose more than 14%.

Huang Shaokai couldn’t help but said, “This old guy is really amazing, he can make a lot of money!”

Zhang Dexi also said: “It’s a big deal, a $4.7 billion acquisition!”

Wu Zhankun also said: "This Buffett is really hot."

At this time, Wang Guanxi said: “This Buffett’s Berkshire Hathaway holds a lot of Wells Fargo stock. This time, the Black Shirt Insurance Company will short Wells Fargo after shorting AIG.

If possible, borrow Wells Fargo’s stock from Buffett’s Berkshire Hathaway! "

Bai Weiqiang asked puzzledly: "BOSS, Buffett is very good at Wells Fargo's stocks. He has never reduced his holdings. Are we really going to short Wells Fargo?"

The Wells Fargo Bank of the United States is also a giant bank. It is profitable all year round and has a high return on investment. This large bank is a very stable bank in the United States, with current assets of more than 622.2 billion US dollars.

Wang Juehao also asked: “BOSS, the stock price of Wells Fargo Bank is very strong, and the financial crisis has not had much impact on it.”

The stock price of Wells Fargo Bank is very fierce. Since July 2008, the stock price has been rising, from 20 US dollars per share, and now it has risen to 44.67 US dollars per share.

While the stock prices of other banks and financial institutions are falling, the stock price of Wells Fargo Bank is rising. Do you think it’s awesome?

Wang Guanxi smiled mysteriously, and said: “Don’t worry about shorting, get ready first, and contact those institutions that are willing to borrow Wells Fargo stock. When Blackshirt Insurance Company finishes shorting AIG, we will immediately raise funds to short Wells Fargo!”

"Buffett is bullish on Wells Fargo, we just want to short it!"

This Wells Fargo Bank is really awesome. It has grown bigger in the financial crisis and swallowed Midland Bank in one breath, and its assets directly rushed to 1309.6 billion U.S. dollars!

In 2008, it was directly worth 1.3 trillion US dollars in assets!

In the future, it will rank 8th in the world's most valuable company by market value, surpassing China Universe and ICBC.

But Wang Guanxi still wants to empty Wells Fargo!

"Yes, BOSS" the eyes of the horses were still puzzled.

Wang Guanxi smiled faintly: "You will know when the time comes."

This Wells Fargo Bank is indeed okay, but the Midland Bank it acquired has a big problem. After Midland Bank was acquired, the Midland Bank lost tens of billions of dollars. Can it not drag Wells Fargo?

He intends to short Wells Fargo Bank first, and then buy Wells Fargo Bank!

will definitely make a lot of money.

In the evening, the big news came again.

【The US$700 billion financial rescue plan is released】

U.S. Treasury Secretary Paulson announced on Friday that he plans to quickly formulate a large-scale government rescue program to receive non-performing mortgage assets from financial institutions. This program, implemented together with other measures, will promote the U.S. government to accelerate the purchase of mortgage support. The pace of securities.

The US government has submitted the US$700 billion financial rescue plan to Congress. This is the largest financial rescue plan in the United States since the Great Depression in the 1930s.

The huge financial rescue plan submitted by the U.S. Department of the Treasury costs 700 billion U.S. dollars, with a unit of 50 billion U.S. dollars. It is expected to operate for at least two years and is responsible for the Treasury Department.

In order to raise this unprecedented astronomical amount of funding, the U.S. Congress will raise the ceiling on government borrowing from US$1.6 trillion to US$11,330 billion.

This is the largest US government intervention in financial markets since the Great Depression in the 1920s.

Wall Street Journal: The draft of the Bush Administration’s financial market emergency rescue plan has been sent to Congress.

The White House: The burden of saving the financial market on taxpayers is better than letting the financial crisis continue to worsen, causing massive unemployment and devaluation of pensions.

Although this plan requires a large investment of taxpayers' money, the ultimate cost of this proactive approach to millions of American families is far lower than other plans.

If proactive measures are not taken, the U.S. financial market will continue to bear huge risks, which will only cause a large number of employees to lose their jobs, depreciate pensions, depreciate property prices, and dry up newly approved mortgages, car loans, and college tuition borrowing resources.

Before the global central bank rescued 250 billion US dollars, it was not enough, and it was far from solving this crisis.

Huang Shaokai asked: "Through the plan passed, the stock market will also skyrocket."

Wang Guanxi smiled and said: “In fact, this financial rescue plan totaling 700 billion US dollars may not be able to help some banks get out of trouble, and those who should go bankrupt will go bankrupt.”

Then Wang Guanxi continued to analyze: “In fact, the key to the effectiveness of the rescue plan depends on the actual price paid by the government when purchasing bank’s non-performing assets. According to the recommendation of US Treasury Secretary Paulson, financial institutions will Assets such as backing securities (MBS) make their own quotations, and the government selects the lowest quotation for acquisition.

In this case, if the government purchase price is too low, it means that the bank has to sell non-performing assets at a large discount and record huge losses on its balance sheet, which may further deteriorate the bank’s already fragile financial situation. . "

Wu Zhankun couldn’t help but said: “BOSS, if the hypothesis you mentioned becomes a reality, then more banks will go bankrupt. This Washington Mutual Bank must die, and even Midland Bank will die!”

Wang Guanxi nodded and said: "In fact, the implementation of the aid plan may also lead to another consequence, that is, if the government purchases assets such as bank MBS at a price that is too low, according to the current prevailing "market price" in the financial industry, that is Based on the principle of calculating the current value of securities based on their market value rather than book value, all financial institutions holding relevant securities assets have to write down their assets.

And if the government purchases non-performing assets of banks at a higher price, huge losses may occur when selling these assets in the future, which means that the majority of taxpayers will pay for this financial rescue! "

Everyone took a breath of cold breath as soon as they heard it.

Wang Guanxi couldn’t help saying: “In fact, the American financial crisis of the century is on the verge of getting out of control, leaving the authorities exhausted, saving the two rooms and then saving AIG, and also dealing with the bankruptcy of Lehman and the plight of other financial institutions. Spend huge sums of money to divest non-performing assets and untie the knot of credit crunch in one fell swoop."

"However, after the plan is passed by Congress, it will become the largest rescue operation of the U.S. government since the Great Depression in the 1930s.

The effectiveness of the plan and its impact are extremely important to the world. "

This plan requires Congress to authorize the handling of rescue matters. Its core work is to issue 700 billion US dollars of national debt to purchase non-performing assets and sell them after holding them for a period of time in order to maintain financial stability.

Target assets include mortgage mortgages, various mortgage-backed securities, and other financial assets negotiated with the Federal Reserve.

Such a huge rescue plan will definitely have a major impact!

Wu Zhanhai asked: "BOSS, first of all, how effective is the plan? Is there really a return to life?"

Li Guangyu also said: "The 700 billion yuan seems to be a lot of money, but compared to the nearly trillion yuan sub-marketing market, it is still slightly less.

Wu Hongsheng also said: "What's more, there is an Alt-A mortgage market that is slightly better than sub-prime mortgages, a commercial property market of hundreds of billions, and an asset-backed commercial paper market of about 600 billion. In the derivatives market of billions of dollars, the 700 billion US dollars is really not enough"

Lu Jianyan also said: "This mere 700 billion must be spent on the joints in order to have a huge stable market leverage effect."

Guan Zhenyi also said: "In fact, I think there is another flaw. The problem may not be solved after the rescue of the non-performing assets, and it may deepen the problem or cause new problems. The loss caused by the divestiture will bring about a "capital hole." Fill,

However, there is no guarantee that there will be sufficient private capital injection, so the government may be required to inject capital in exchange for equity.

At the same time, other financial institutions must follow the asset base price set during the divestiture to revaluate the asset value, but this can lead to more additional allocations or bankruptcy.”

Lin Jiyang sighed: “Yes, this stripping process will be very painful and will bring more shocks!”

Zhang Dexi suddenly thought of something and opened the mouth: "This fiscal sudden increase of 700 billion debts, equivalent to 4 to 5% of the US GDP, the deficit will rise sharply, and the depreciation of the U.S. dollar will follow, and interest rates and inflation will rise. .

This will make the US domestic housing market, consumption and investment weaker, and the economy worse.

The rescue of the United States has spread far and wide, and the world financial system will thus enter a historical turning point! "

Wang Guanxi said indifferently: "Yes, the future is on the stage. In addition to the Fed, there is no other way to save the economy by printing money on a large scale by the major central banks around the world!"

In the future, the stock market will also fall to the bottom. That was the era of big money printing. The Fed launched several rounds of monetary easing. What is monetary easing, to put it bluntly, is to print money and print money!

The future stock market will also start a long bull market. This is another huge opportunity to inflate Wang Guanxi’s assets, especially the US stock market, which is a very long bull market.

Amazon, Microsoft, Google, Tesla, Apple, Bank of America... These stocks are constantly rising.

Can make money?

But it's not that moment yet.

Then Wang Guanxi said: "Currently, the customer assets of the Heishan Investment Bank are 90 billion Hong Kong dollars. Many customers may want to buy stocks and do long stock index futures recently. After the notice, our Heishan Investment Bank is not optimistic about the follow-up stock market recently. Customers invest carefully"

Currently, the client assets of Heishan Investment Bank are 90 billion Hong Kong dollars. In order to improve the credibility of Heishan Investment Bank, these customers are naturally not allowed to continue to buy stocks. Buying stocks is better than shorting the stocks of listed companies!

If customers make large-scale losses, then customer assets will shrink. After customers invest in stocks after a huge loss, the sentiment of futures will drop, the trading volume will be less, and the commission income of the Black Shirt Investment Bank will be less.

Honestly, Wang Guanxi still hopes that these customers will not lose money. It is a good thing to make money.

With their own strength, the Black Shirt Investment Bank is just a suggestion for them.

"Yes, BOSS!" Everyone quickly complied.

Soon the black shirt investment bank's point of view is coming

[The American Century Rescue Plan may cause more shocks, and the stock market will plummet at any time, please invest with caution]

Then analyzed it.

Then the Black Shirt Investment Bank was slapped by Taifook Securities, Get Good Financial Group, Minghui Securities, Dao Heng Securities, CLSA, Indian Industrial Trust and Investment Bank, Imperial Bank of India, and Tata Consortium Hong Kong Wealth Corporation!

Taifook Securities: At 9:10 am on Friday, September 19th, the Black Shirt Investment Bank announced that the global stock market will skyrocket. The Hang Seng Index, Hong Kong stocks, and A shares have a good opportunity to make a fortune today. September 20 Claiming that the stock market plummets at any time, inconsistent!

Get a good financial group: Didn’t the Black Shirt Investment Bank clamor for long stocks last Friday?

Minghui Securities: Heishan Investment Bank is talking nonsense. Last Friday it said that the global stock market has skyrocketed, and this Monday it said that the global stock market has plummeted, and it is slapping itself!

Dao Heng Securities: 700 billion US dollars of day-to-day funds to rescue the stock market, global stock markets will continue to skyrocket for many days

CLSA: The US government rescued the market with 700 billion US dollars, and a new round of bull market may not be far away

India Industrial Trust and Investment Bank: Blackshirt Investment Bank may have been quietly shorting the stock market, or having a huge loss in the stock market. It is taking the trend and is easy to solve. It is rumored that the Blackshirt Investment Bank shorted Washington Mutual Bank with huge losses, and it will lose all the money.

Imperial Bank of India: The inconsistent views of the Blackshirt Investment Bank are really ulterior and deliberately driving the trend. Investors need to be cautious not that the blackshirt Investment Bank said the stock market will plummet at any time, but be cautious. , An investment bank with ulterior motives!

Tata Consortium Hong Kong Wealth Corporation: The Black Shirt Investment Bank should announce how much Washington Mutual Bank's positions and profit and loss have been shorted. It is rumored that Washington Mutual Bank will soon be acquired by Citibank Group at a premium. Now it’s too late to buy Washington Mutual Bank!

Suddenly, the navy of various securities companies made a condemnation of Heishan Investment Bank on the Internet.

"What garbage investment bank?"

"paralyzed, contradictory opinions"

"Investment Banking in the dark. Yesterday I said to be long, but today I said to be short."

"This self-slap-slap-clap!"

"What a disgusting investment bank"

"Black Shirt Investment Bank? I think it is a black heart investment bank, right?"

"Miscellaneous hair with wind direction!"

··

The black shirt investment bank's short positions in Washington Mutual Bank were all exposed.

Short 120 million shares of Washington Mutual Bank. It is not clear how much it has lost. It immediately makes everyone suspect that the Blackshirt Investment Bank is deliberately taking the wind and trying to get investors to get rid of it?

The credibility of the Black Shirt Investment Bank seems to be declining.

"Well, you are an Indian, paralyzed"

"Damn, I even fooled retail investors to buy shares of Washington Mutual Bank. The people from the Tata Consortium are really insidious and vicious."

"This is to put our black shirt investment bank to death"

"Fuck, it's worth it, paralyzed, this tata consortium's miscellaneous hairs, miscellaneous things!"

"And Hong Tianwen, who has formed a good financial group, TM really doesn't talk about stock ethics at all. It directly exploded how many shares of Washington Mutual Bank we shorted."

This time, the Black Shirt Investment Bank asked Hao Hao Financial Group to borrow 120 million shares of Washington Mutual Bank to go short, and they have all exploded. Needless to say, Hong Tianwen arranged for someone to do it privately.

Wang Guanxi opened the mouth and said: "Sue Hong Tianwen, grandson!"

"Yes, BOSS!"

The next day, September 21, Sunday.

【U.S. government negotiates to include Japan, Germany, Britain and other countries in the global rescue plan】

declares that the whole world will respond together to solve global problems.

However, if the responding central bank has no chance, the European Central Bank will not speak.

At night, the Wall Street Journal: The Speaker of the US House of Representatives claimed that Congress would not sign 700 billion blank checks

Of course this may be just talking.

700 billion US dollars is still to appear.

I don’t know when to come out.

And now the Hong Kong branch of American Fidelity Investment Group,

President Andre and Vice President Si Xiuliang are discussing in the office!

The two discussed the 700 billion US dollar rescue plan.

Pass or fail?

When is it passed?

What if the rescue effect?

Saving is just saving big companies!

Andre said: "Let’s flatten out 500,000 hands, and leave 500,000 hands in it."

At present, the Hong Kong branch of the US Fidelity Investment Group holds 1 million short positions in the Hang Seng Index. The opening position is 22,700, and the account still has a floating profit of 165 billion Hong Kong dollars.

Andre and Si Xiuliang were planning to close the 1 million short position this Monday when the Hang Seng Index rushed to the 19400 position last Friday.

But now that the 700 billion dollar rescue plan is still unclear, he plans to close the 500,000 short orders first and leave 500,000 short orders.

Anyway, there are still 165 billion Hong Kong dollars in the account, so I don’t panic.

Si Xiu brightly pointed out: "Mr. Andre, do it as you say, close 500,000 hands."

At this moment, Minghui Securities Co., Ltd. gathers the bosses of many securities companies here. They have united and planned to trade together.

Zhang Huiming of Minghui Securities Co., Ltd., Qian Mingyuan of Mingyuan Securities Investment Co., Ltd., Jia Baowei of Baowei Securities Co., Ltd., and Jin Xu of Jinxu Securities Co., Ltd.!

A total of four securities companies!

They plan to do long Hang Seng Index this time.

Feroz Sanhavi, the president of the Hong Kong branch of the Imperial Bank of India, is also here.

Feroz Sanhavi began to speak: "Everyone, this time I will provide you with a hundred times leverage. Even if you go long, the Black Shirt Investment Bank may be short, and you will kill it this time!"

Minghui Securities’ Zhang Huiming said: “Don’t worry, this time the Black Shirt Investment Bank will die if it dares to short the Hang Seng Index.”

Mingyuan Securities’ Qian Mingyuan also said: “This black shirt investment bank clerk is really not a thing. He always comes to dig out my company’s customers. This time I hope they die and then blow up their positions.”

Baowei Securities’ Jia Baowei sneered: “This U.S. government rescued the market with 700 billion U.S. dollars, and the people at the Blackshirt Investment Bank weren’t actually bearish on the stock market. They were neither idiots nor fools!

Jin Xu from Jinxu Securities opened the mouth and said: "This black shirt investment bank is either stupid or bad!"

Jia Baowei nodded: "Then they must be stupid pigs."

Zhang Huiming of Minghui Securities: "This group of people is bad and wants to lead the way. Now they have shorted Washington Mutual Bank and they will be over soon."

Feroz Sanhavi smiled and said: "The people in the Black Shirt Investment Bank are stupid and bad!"

"Next Monday, we will buy in and make a lot of money. Look at the Black Shirt Investment Bank. If the grandchildren dare to go short!"

"Okay, **** grandma!"

"I'm afraid they dare not come!"

··

Monday, September 22.

Asian stock markets opened, because the U.S. stock market soared last Friday. Although there was news on the weekend that $700 billion was a bad check that would not be passed, the Hong Kong stock market still rose on Monday!

Hang Seng Index opened at 19400!

In just 1 minute, it skyrocketed 220 points!

rushed from the 19400 position to the 19620 position.

"Cool!"

"Fuck, keep going up!"

Wang Guanxi's heart is very refreshing, the net value of the No. 1 fund account has reached 14.5 billion Hong Kong dollars!

"Continue to rise!"

"paralyzed!"

··

At this moment, Zhang Huiming of Minghui Securities said in a deep voice: "Let’s not hurry, the Hang Seng Index has risen too fast, and it has risen 220 points in just 1 minute, Cao!"

Jin Xu of Jinxu Securities: "Never give us a chance to buy"

Baowei Securities' Jia Baowei: "Buy now, I feel very high again"

Qian Mingyuan of Mingyuan Securities: "Keep waiting"

"Not in a hurry" Feroz Sanhavi smiled and said, "I have already beaten the credibility of the investment bank in the black shirt, those stupid and bad guys!"

As for the Hong Kong branch of the American Fidelity Investment Group, Andre watched the Hang Seng Index drop by 20 points to 19,600. He was supported and shook crazy here!

Shocked for a total of half an hour, but did not fall.

So Andre said: "Close the position, close 500,000 hands!"

"Yes, the president!" Si Xiuliang personally closed the position as the vice president!

10,000 hands!

···

Hang Seng Index keeps rising, but the rise is very slow!

19700!

19800!

19900!

19950!

Si Xiuliang watched the Hang Seng Index rise so fast, stop liquidating first!

"I am paralyzed, the rise is too fast, come down first, and close the position later"