Rebirth of the Financial Crisis Sweeping the World

  Chapter 274 274 Closed! Hong Kong's financial industry shocked!

  At this time, Wang Guanxi said: "The U.S. stock market opens tonight, and the stock price of Washington Mutual Bank will definitely fall into waste paper. As long as it falls below $0.2, we will start liquidation!"

  The bankruptcy of Washington Mutual Bank has caused a greater financial panic effect. Today, the Asia-Pacific stock markets have generally fallen, and the stock markets in Lushen and Shenzhen fell 1%.

  Hong Kong's Hang Seng Index fell 1.4%.

  Bay Island stock market fell 2.16%.

  The Japanese benzene stock market fell 0.94%.

  The South Korean stock market fell 1.68%.

  The Australian stock market fell 0.53%.

  And the US stock market opens tonight, not to mention, it will definitely fall!

  However, tonight the US White House’s $700 billion financial rescue plan will continue to be negotiated. If the 700 billion US dollar rescue plan is passed, the stock market will rise!

  But this kind of uncertainty will aggravate the volatility of the financial market, which Wang Guanxi is looking forward to.

  Anyway, no matter how the stock market fluctuates, he is a firm big short, just short, not long!

   "Yes, BOSS" everyone looked forward to it.

  Currently, the Black Shirt Insurance Company is shorting AIG, totaling 5 million shares, with a position of $388 per share.

   Fund No. 2 is shorting Citibank Group, which is also 5 million shares, with a position of 213 US dollars per share.

The Blackshirt Investment Bank is shorting Washington Mutual Bank with 120 million shares, and the position is at $3.00 per share. However, Washington Mutual Bank went bankrupt. The financial turmoil intensified tonight, because the $700 billion rescue plan is good for the stock market. The bankruptcy of Washington Mutual Bank is bad for the stock market. The bad news and the good news are intertwined. No one knows how the stock market will go tonight.

  But what is certain is that the stock price of Washington Mutual Bank will fall worthless.

  At this time, Huang Shaokai asked: "Boss, are we going to liquidate AIG's stock tonight?"

  Now the share price of American International Group (AIG) has fallen very low, and it seems that it can be liquidated.

  Thanks to the huge bad news brought by Washington Mutual Bank this time, the stock price of AIG Group will definitely plummet in the evening, which is a good opportunity to close the position!

   Zhang Dexi also said: "This Indian has not closed the position yet, Mr. Huang, in fact, we don’t need to be anxious."

The Black Shirt Insurance Company shorted 5 million shares of AIG Group, of which 2 million shares were borrowed from the Indian Industrial Trust and Investment Bank and India’s Private Pension Fund. In order to block the Black Shirt Insurance Company, the Tata Consortium bought 650 shares. Ten thousand shares of AIG Group.

  The one who should be anxious now is the Indian.

   Wu Zhankun also said: "Yes, this Indian should die in a hurry?"

They have battled with Indians on the stock market many times, from Fannie Mae, American International Group, Washington Mutual Bank, and then Citibank, and there may be more in the future because they will short more bank stocks, such as Wells Fargo and Bank of America. , HSBC, Hang Seng Bank, as long as Indians dare to come, then continue to do it.

  Now that Washington Mutual Bank has gone bankrupt, the shares of American International Group and Citibank will plummet.

  The Indians will lose more. The Indians planned to negotiate last time, but the black shirt insurance company gave a price of 50 US dollars per share. As a result, the Indians disagreed and left nothing.

  AIG’s share price has fallen below $40 per share, and the Indians are in a hurry tonight.

  Wang Juehao smiled and said, “I don’t know if the Indians will call us tonight, begging us to close the position and return the stock to them”

Last time Sundpur Batra of the Indian Industrial Trust and Investment Bank called to negotiate and wanted to settle at a price of $100 per share. He also claimed that the share price of AIG Group would not continue to fall. It is funny to think about it. Now AIG Group The stock price has fallen to $39.00 per share, and this Indian face has been beaten and swollen.

  He speculated that the Indians might come again tonight for negotiations.

  Bai Weiqiang also smiled and said, “This time the Indians were rejected by us. I wonder if they still have the face to call us to negotiate?”

  Wu Zhanhai also smiled and said: "This Indian is desperate to face and suffer. I don't think they will call."

  Lu Jianyan also said: “Maybe the Indians can’t resist, they may negotiate with us”

  Li Guangyu also asked: "If the Indians negotiate with us this time, should we accept it?"

  Guan Zhenyi: “If they really call to negotiate, I think it’s acceptable”

  Wu Hongsheng: "The price is settled at $35 per share. See if they can accept it?"

  Lin Jiyang suggested; “I think the price of 30 US dollars per share is suitable after all.”

  At this time, Wang Guanxi smiled and said: “Let’s wait and see, see how long this Indian can resist!”

   "Yes, BOSS"

  Time is passing slowly.

  The panic of the bankruptcy of Washington Mutual Bank is still fermenting, and European stock markets are also falling across the board.

  And all kinds of news are coming.

8pm.

  [White House Spokesperson: The 700 billion US dollar financial rescue plan will be passed]

  White House Chief of Staff: Acknowledging that members of Congress have the right to express their doubts and inconsistent views, but he declared that members of Congress must “act on the fly” and approve this rescue plan aimed at avoiding economic recession.

  President Bush said: There are disagreements on all aspects of this rescue plan, but there are no disagreements on the need to do something important. We must pass a rescue plan.

  On Wall Street, the nervousness of financial institutions is clear at a glance, especially after Washington Mutual Corporation became the largest bank in US history to fail.

  You must know that in the 2008 Fortune Global 500 rankings, Washington Mutual Bank ranked 318th with an operating income of 25,531 million US dollars. If you say it goes bankrupt, you will go bankrupt.

  Now the market's worries that the economic crisis will deepen have prompted investors to buy relatively safe treasury bonds.

  Tonight, US five-year Treasury bonds and 10-year US Treasury bonds will be hot assets.

  It is the morning in the United States. Although the U.S. stock market did not open, many people woke up and began to pay attention to financial news.

  Seeing the bankruptcy of Washington Mutual Bank, I don’t know how many American investors are furious, regretful, and at a loss!

   "Oh, this Washington Mutual Bank is bankrupt when it says it goes bankrupt, bastard!"

  "Grass"

   "Palsy, what did the CEO of this dog day eat!"

  "Didn’t we say that we can negotiate with Citibank and Morgan Bank?"

   "Grass, **** it, my money is gone"

   "Ah! I heard that Washington Mutual Bank will be acquired at a premium, so I mortgaged my house and went to buy back Washington Mutual Bank. Now it's over!"

  ···

  Not only retail investors, but also the major shareholders of Washington Mutual Bank.

  Especially its independent shareholder Stephen Frank, who will become the chairman of the board of directors of Washington Mutual Bank on July 1 this year

  It took less than three months to take the position of chairman, and Washington Mutual Bank went bankrupt. He was simply furious and couldn't sell it. No one wanted it. Citibank and Morgan Bank disliked the high prices.

  And the stocks he holds will become waste paper after the opening of the US stock market!

  10% of the shares!

   "Grass!" He threw the cup to the ground angrily.

  The CEO and executive director Kelly Killinger comforted: "Frank, want to start!"

  He also holds a small number of shares, but has sold most of them.

  Tiffin Frank sighed with great loss: "My God abandoned me"

  At this time, the phone rang, and it was from Terry Alonso, CEO of TPG.

  TPG was established in 1992 and is a leading alternative asset management company in the world. Its assets under management exceed US$108 billion. Its investments cover a variety of asset classes, including private equity, growth funds, real estate, credit and public equity funds.

  According to Private Equity International (PEI), TPG ranked among the top ten largest private equity companies in the world from 2005 to 2007.

Today TPG has investment and operation teams in 16 cities around the world. The cities where offices are located include Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul and Singapore etc.

  It has multiple investment platforms under its umbrella, such as TPG Capital, TPG Asia Capital, TPG Growth Fund, TSSP Special Opportunity Fund, and TPG Impact Investment Fund. It has invested in more than 500 companies around the world.

  He is one of the first global private equity investment companies to enter the China Market, covering financial services, healthcare, consumer retail and technology, media, technology, media, telecommunications (TMT) and other industries.

Such a large private equity fund suffered a heavy loss on Washington Mutual Bank this time, because in April, TPG raised US$7 billion in funds from Washington Mutual Bank. This huge investment was almost lost. It can be seen that How angry Terry Alonso, the CEO of TPG (TPG)!

  He had just been on a business trip in Asia and had no rest for two busy days. When he woke up, he saw the bad news about Washington Mutual Bank!

  Terry Alonso shouted into the phone: "You fool, idiot, didn't you say Citibank before, Morgan Bank must buy Washington Mutual Bank at a premium?"

  Tiffin Frank also did not withdraw, and was scolded into a dog-blood spray. This is not the first time he has been scolded into a dog-blood spray.

  The two were still friends, and it was also Tiffin Frank who suggested Terry Alonso to finance Washington Mutual Bank.

  "Terry Alonso, let's clear the stock market at the beginning of the market. Sell as much as you can."

It is estimated that the stock price of Washington Mutual Bank has dropped into **** at the opening. It is not bad to get tens of millions of dollars. The 7 billion dollars is worthless, and he is very ashamed in his heart, but there is no way. At this point, he is also powerless.

  The current stock price of Washington Mutual Bank is at $1.70 per share. After the market opens, it may directly become $0.17 per share, right?

  Terry Alonso scolded on the phone: "You fool, can I get back 70 million dollars from my 7 billion dollars now? Tell me?"

  Tiffin-Frank nodded: "It should be possible"

  Washington Mutual Bank has gone bankrupt, repaying so much debt and insolvency. If it is bankrupt and liquidated, the debt will be paid first. Basically, the shareholders will lose their money.

  So after the stock market opens, sell as much as you can, especially since there are many short sellers of Washington Mutual Bank who will close their positions!

  For example, Goldman Sachs Bank, and Hong Kong's Black Shirt Investment Bank.

  Thinking of this, he said: "Terry Alonso, you can contact Goldman Sachs, and Hong Kong's Blackshirt Investment Bank, Standard Chartered Bank, and suggest that they close their positions."

  The big shorts now exposed are Goldman Sachs Bank, Hong Kong's Black Shirt Investment Bank, and Standard Chartered Bank.

  "Okay, then I will arrange for someone to ask." Terry Alonso ended the call, and then asked his assistant to contact the Blackshirt Investment Bank, Standard Chartered Bank, and he personally contacted Goldman Sachs!

   Soon the phone called Wu Zhanhai, the executive director of Heishan Investment Bank.

  Wu Zhanhai spoke to Wang Guanxi: “BOSS, people from TPG want to talk to us about the price. They know that we have shorted 120 million shares. I hope we can directly trade with them at a rate of 0.3 US dollars per share.”

Because the Black Shirt Investment Bank needs to liquidate its position and close the 120 million shares of the short position, it needs to buy 120 million shares of Washington Mutual Bank in the market, and TPG (TPG) needs to liquidate all the shares of Washington Mutual Bank. , So the Black Shirt Investment Bank can directly buy 120 million shares of Washington Mutual Bank from Detai Investment Company, and then return the 1.2 shares of Washington Mutual Bank to Get Good Financial Group.

  It’s impossible to trade at a price of 0.3 US dollars per share. Wang Guanxi said: "Trade at a price of 0.1 US dollars!"

  "Yes, BOSS, I will reply to them right away" Then Wu Zhanhai replied to Detai Investment Company.

  But the other party disagrees, so I have to give up!

  So Detai Investment Company (TPG) had to give 120 million shares of Washington Mutual Bank to Standard Chartered Bank at a price of $0.3 per share.

  It is worth 36 million US dollars, and Detai Investment Company is also satisfied, because the stock price of Washington Mutual Bank is destined to fall below 0.1 US dollars per share, or even 0!

  Goldman Sachs Bank, they also reached an agreement to trade at a price of $0.22.

  For this, TPG also hates the Black Shirt Investment Bank!

  The US stock market will open soon!

  Washington Mutual Bank has suffered a stampede sell-off!

  The stock price has plummeted!

  From 1.7 US dollars per share, it fell to 0.17 US dollars per share in just 5 minutes!

  The stock price has fallen by 90%!

   "Fuck, I fell too hard!"

"Wa hahaha!"

   "Too awesome"

   "Fuck, this is horrible"

   "Tonight is really a massacre!"

  "India Industrial Trust and Investment Bank, the tie-up financial group has lost all its money!"

  In the 5-minute chart, there is a long big Yin line, like a big waterfall falling straight down from nine days, with huge energy that can crush everything!

  No, it crushes those bulls.

  The bulls in the market collapsed so badly, like a big fire broke out in a 17th-floor house, and they must jump off the building.

  Industrial Trust and Investment Bank, Sundeep Bhatra has a pale face and looked at the computer screen with cold sweat, unable to close the position at all!

   "Palsy, grass!"

   "It's a terrible loss this time, alas!"

   "This **** black shirt investment bank, go to your paralysis"

How did Hong Tianwen, chairman of Get Good Financial Group, learn that the Black Shirt Investment Bank was going to short Washington Mutual Bank. At that time, Washington Mutual Bank’s stock price fell to historical status. At that time, Sundeep Bartra decisively asked the Indian Industrial Trust Investment Bank to stop the black The Shan Investment Bank has suffered heavy losses now, and it has basically lost everything.

  Before, he bought 1.2 shares of Washington Mutual Bank at 3.00 and spent $360 million. Now there is nothing left to plan.

  Indian private pension’s Nehru comforted: “Sundep Bartra, look at the opening point, this time you lost a lot, but you can still make it elsewhere.”

   "Look at Citibank's stock. It only fell slightly tonight. Although it fell to $180.00 per share, it fell below this critical position."

  Compared with the stocks of other banks, Citibank’s stock price tonight is still relatively strong!

  Sundep Batra looked at Citibank’s stock price, and felt a little comfort, as long as Citibank’s stock price did not plummet.

  Currently, the bulls in the market are firmly holding the 180.00 position, and the Indian Industrial Trust and Investment Bank holds 6 million shares of Citibank. He believes that he can make a lot of money on Citibank.

   "The money I lost on Washington Mutual Bank this time, I hope to make it back on Citibank!"

   Nehru said in a **** voice: "It will definitely be, you can rest assured, the share price of Citibank is definitely at the bottom, and the future upside is very huge."

  Sundep Batra nodded and said: "This time I make the Black Shirt Investment Bank laugh for a while, and I must kill it next time, paralyzed!"

  At this moment, his heart is extremely unwilling, very suppressed, and full of endless anger. This repression, anger makes him uncomfortable, but also firm, which strengthens his belief in killing the black shirt investment bank and the black shirt insurance company.

  At this moment, the financial group has been established. In the chairman's office, Hong Tianwen's face is like white paper, and the cold sweat on his forehead is like spring water.

  Washington Mutual Bank’s stock price plummeted 90% at the opening of the U.S. stock market, as he expected.

  Giehao Financial Group holds 120 million shares of Washington Mutual Bank, with a position of $3.5 per share. Now it is almost lost.

  And he can’t close the position yet!

  Why?

  Because these 120 million shares were lent to the Blackshirt Investment Bank to short Washington Mutual Bank, only when the Blackshirt Investment Bank liquidated the position and returned the 120 million shares to Kie Hao Financial Group, he could liquidate the position.

  But now the Black Shirt Investment Bank is not ready to close the position at all!

  He wants to close the position!

  Now you can get a small amount of money when you close the position. If you go later, you may not get a penny.

   Thinking of this, Hong Tianwen called Wu Zhanhai of the Black Shirt Investment Bank.

  The call was quickly connected, and Hong Tianwen couldn’t wait to say: “Mr. Wu, close the position and return the stock to me. How about the settlement at the price of US$0.12 per share?”

  On the phone, Wu Zhanhai was silent for a while, looked at Wang Guanxi, and saw Wang Guanxi shaking his head, so he rejected Hong Tianwen.

   "President Hong, I'm sorry, we don't plan to close the position yet"

  Next, Wu Zhanhai opened up the amplifier to let everyone in the trading room listen to what Hong Tianwen said.

   On the phone, Hong Tianwen knelt and asked: "Mr. Wu, how much do you want to settle?"

   President Wu has been changed to Mr. Wu, and you have been replaced by you, with great respect.

  From the previous talk about killing the Blackshirt Insurance Company, blasting the Blackshirt Insurance Company, and acquiring the Blackshirt Investment Bank, step by step, he has become a low-pitched, supplicant!

  This look made the people in the trading room of the Black Shirt Investment Bank burst into laughter.

  At this time, Wang Guanxi stretched out 5 fingers, so Wu Zhanhai said to Hong Tianwen on the phone: "Mr. Hong, $0.05 per share."

  Hong Tianwen knelt and licked and said: "Can it be higher, $0.09 per share"

Wu Zhanhai refused: "No, Mr. Hong, your 120 million shares are settled at a price of US$0.05 per share, and you can still get US$6 million. If it weren’t for your repeated failures to give us money, We will never give you alms like this"

  Hong Tianwen suddenly scolded with anger: "Bad son!"

   then hung up the call!

  And the stock price of Washington Mutual Bank continues to fall!

When    fell to 0.15 US dollars per share, Wang Guanxi said: "Let's close the position, slowly close!"

  "Yes, BOSS" everyone started to close their positions!

  10 million shares!

  10 million shares!

  ···

  The selling on the market is still very fierce, and a large number of longs have to close their positions!

   Although the Black Shirt Investment Bank is closing its position and buying stocks from the market, it is not enough!

  Washington Mutual Bank’s stock price continues to fall!

   soon fell to $0.1 per share!

   has become a fairy stock!

   Continue to fall!

  0.09

  0.08

  0.07

  0.06

  0.05

  Finally, the Black Shirt Investment Bank closed all short positions!

  The average liquidation position is at US$0.1 per share, gaining US$2.9 per share, 120 million shares, or US$348 million, which is 2.697 billion Hong Kong dollars.

  In addition to the previous principal of 2.9 billion Hong Kong dollars, the Black Shirt Investment Bank has a total of 5.597 billion Hong Kong dollars!

  Wang Guanxi said: "Withdrawing 97 million Hong Kong dollars, we will take out 37 million Hong Kong dollars as a bonus, as well as interest paid to Get Good Financial Group, and the remaining 60 million Hong Kong dollars will be used as daily expenses."

  This time I borrowed 120 million Hong Kong dollars, worth

  "Yes, BOSS" everyone was excited.

  Washington Mutual Bank’s stock price is still falling because Get Good Financial Group is closing its position!

  The final stock price fell to $0.01 per share.

  This time the Indian Industrial Trust and Investment Bank, the 120 million shares were closed at US$0.1 per share, and it lost US$348 million.

  And Kie Hao Financial Group is even more miserable. The 120 million shares were closed at 0.04 US dollars per share, a loss of 415 million US dollars, and a loss of 3.217 billion Hong Kong dollars!

   got the interest paid by the Black Shirt Investment Bank, but how can this meager interest be worth the loss of 3.2 billion Hong Kong dollars!

  Then the Black Shirt Investment Bank announced this record!

  [Washington Mutual Bank's stock price fell into waste paper, Black Shirt Investment Bank made a big profit of 96%]

  【Industrial Trust and Investment Bank of India, Get Good Financial Group has lost all money on Washington Mutual Bank! 】

  Hong Kong's financial industry shocked!

   "Fuck, the Black Shirt Investment Bank is really awesome!"

"so amazing!"

   "The Black Shirt Investment Bank is all right"

   "What Indian Industrial Trust and Investment Bank, it's just shit"

   “It’s really stupid that the Kie Hao Financial Group is fighting against the Black Shirt Investment Bank.”

   "Yes, I heard that Black Shirt Investment Bank shorted Washington Mutual Bank's stock because it was borrowed by Asking Good Financial Group. What about the 2% monthly interest?"

   "Haha, this is funny!"

  (End of this chapter)