Rebirth of the Financial Crisis Sweeping the World

  Chapter 315 315 views shocked the financial world! Go crazy!

  The time soon arrived at 7 o'clock in the evening.

  The US stock market opens in two and a half hours.

  The headquarters of the black shirt insurance company, in the trading room, is unusually heavy.

  Because tonight the US House of Representatives will vote on the new version of the rescue plan.

  If the vote is passed, the stock market may soar all the way up, and of course it may also fall, but the decline will not be large.

  If the vote fails, then the stock market will definitely plummet.

  Wang Guanxi was solemn on his face, and said: "Tonight's heavyweight is coming, no matter what, we will win!"

  Currently, Fund 2 is short Citibank, Fund 3 is short Wells Fargo, and Fund 4 is about to short Bank of America.

  If the stock market soars across the board, then Wang Guanxi’s three family funds will suffer miserable losses.

  Of course, the stock market’s surge tonight can be accepted for a short time, because the economy is getting worse and worse, and the stock market will slowly fall sooner or later.

  However, Wang Guanxi very much hopes that the House of Representatives will veto the new version of the rescue plan tonight.

  Huang Shaokai put his hands together in prayer and said, “I hope that the vote will not pass tonight, and then we will hit the Bank of America Corporation!”

  Wu Zhankun also said: “I didn’t pass last time, and I will definitely not pass this time.”

   Zhang Dexi also said: “Although the Senate passed it, the House of Representatives may still fail to pass it!”

  Wang Juehao also said: "Tonight may be very upset. This time the U.S. Senate overwhelmingly approved the new version of the plan to save the U.S. financial system with 74 votes in favor and 25 votes against it, and the House of Representatives may also pass it."

   Of the 74 senators who voted in favor of the new bailout plan, 40 were from the Democratic Party and 33 were from the Republican Party.

  At this time, there is still one month before the presidential and congressional elections of the United States.

  In order for this plan to be approved, the senator had previously added tax cuts and other measures.

  The leaders of the House of Representatives are also actively taking measures to try to change the views of enough opponents to try to pass the new version of the rescue plan by Friday night Eastern Time (Hong Kong Saturday morning).

  Previously, the House of Representatives rejected the old version of the rescue plan on Monday, leading to a sharp drop in global stock markets that day.

  With the support of the Bush administration, this new version of the rescue plan will give the government the power to purchase non-performing assets from financial institutions.

  The new version of the rescue plan has added two measures to extend some corporate and middle-class tax cuts, and to increase the amount of federal insurance depositors from 100,000 US dollars to 250,000 US dollars, in order to gain more support from the House of Representatives.

  Bai Weiqiang said: "Yes, this time the Senate passed the new rescue plan in an overwhelming manner. If the House of Representatives passes it tonight, the stock market may skyrocket for several days!"

  Wang Guanxi also took a deep breath and said: "It is indeed possible, but the key is to look at the economic situation in the United States!"

  "Although the Senate voted, the House of Representatives is still unknown."

  If it is passed tonight, the global stock market is very likely to surge. At that time, it will be very unfavorable for Wang Guanxi.

   But even if he knew it was going to skyrocket, he had no choice but to carry it on.

  Because the financial economy is getting worse and worse, the stock market’s rise cannot be sustained. If the surge is over tonight, it may fall tomorrow.

  At this time Fox News: [President Bush said the House of Representatives must approve a financial rescue plan]

  President Bush told the media after meeting with representatives of the business community at the White House that the current financial crisis has affected all Americans, and Americans are worried about their savings, employment, real estate, and the prospects of the industries they are engaged in.

  Only when the House of Representatives passes a financial rescue plan can people’s confidence be restored. Many Americans are watching whether the House of Representatives can take positive action.

  The president also urged the business community to pass information about possible damage to the economy to these lawmakers.

  In the September 29 vote, the House of Representatives unexpectedly rejected the initial version of the financial rescue plan, which intensified panic in the financial markets and plunged Wall Street into a "Black Monday."

  With the joint efforts of the Bush administration and Congress, the Senate passed a revised $700 billion financial rescue plan on October 1, and the House of Representatives will vote on this new plan today.

  Furthermore, US Secretary of the Treasury Paulson was pleased with the result of the Senate vote and asked the House of Representatives to make the same choice as soon as possible.

  Paulson: "The Senate held a strong bipartisan vote tonight, and I appreciate it.

  This sends a positive signal to the public that we are ready to take action to ensure that American citizens can obtain credit to create jobs and maintain business operations, thereby protecting the American economy.

  I strongly urge the House of Representatives to pass this bill as soon as possible. "

  Wang Guanxi took a breath, feeling that the probability of the House of Representatives voting to pass the new rescue plan tonight has increased a lot!

  He opened his mouth and said: "It seems that the situation is not good for us"

  If Citibank and Wells Fargo have risen a lot tonight, he will lose a lot of money on his books, which makes Indians laugh.

  And it is imperative to short Bank of America tonight.

  If the stock market is going too fast, it’s really bad.

   And the Hong Kong stock market also rose sharply the next day, and the stock price of HSBC in Hong Kong may also be pulled up.

  It’s okay if it’s up for one day, and if it’s up for more than three days in a row, it's really terrible.

  No wonder this Indian is so confident, is this their confidence?

  They determined that this new version of the rescue plan must be passed?

  Or will the Fed cut interest rates on a large scale next?

  Huang Shaokai asked with some concern: "BOSS, are we still going to short Bank of America tonight?"

  Wang Guanxi said, "Of course, tonight, we must make a short order. Just find a suitable position to enter the market and go short!"

  Zhang Dexi also asked: “Boss, shall we go short after voting in the House of Representatives, or short before voting?”

   Wu Zhankun: “When the situation is clear, you can go short”

  Wang Juehao also said: "The Indians will definitely buy in tonight. If the voting results come out, the stock price of Bank of America will have risen sharply, and they will not increase their holdings at a high level by then."

  Bai Weiqiang also said: “This Indian is really thieves. It is estimated that we will be trapped tightly, and then interest will be charged every day!”

  At this time, Wang Guanxi said: "Send prepared manuscripts, bearish American economy"

  "Yes, BOSS" then the Black Shirt Investment Bank posted an article, not only on the Hong Kong media, but also on Bloomberg in the United States.

  【U.S. financial markets are experiencing the most dangerous shock since the Great Depression】

Rene Smith, vice president of the Blackshirt Investment Bank and former investment banking manager of Lehman Brothers: The US financial market is currently experiencing the "most dangerous shock" since the "Great Depression" in the 1930s, and it has become an influence The main threat to global economic growth, the risk of economic recession is increasing.

  In this round of financial turmoil, the banking system has suffered the most serious damage, which may affect the growth of economic activities.

  【The Wall Street financial crisis began to spread to the real economy of the United States】

  While the Bush administration’s financial rescue plan awaits the second round of voting by the House of Representatives, the liquidity shortage crisis has swept through the major financial institutions in the United States and has begun to spread to the real economy.

  The so-called liquidity shortage crisis refers to the serious shortage of liquidity caused by financial institutions due to the credit crunch.

  To put it in layman terms, no one trusts each other between financial institutions, and no one wants to lend money to each other.

  The shortage of liquidity directly leads to the increase of borrowing costs among financial institutions, and the shrinkage of credit volume and scale.

  Interbank Offered Rate is an important indicator of liquidity.

  On the 2nd, the 3-month US dollar London Interbank Offered Rate (LIBOR) climbed to 4.21%, the highest level since January this year.

  Due to insufficient liquidity, banks and insurance companies cannot find buyers of short-term debt, and the commercial paper market is extremely shrinking.

  Randall Stephenson, chairman and chief executive officer of the world’s largest telecommunications company, admitted on the 30th of last month that due to lack of buyers, the company failed to issue commercial paper as scheduled last week and the company’s investment plans were affected.

  Commercial banks and securities companies that are short of liquidity have turned to the Federal Reserve for help.

  In the past week, commercial banks and securities companies borrowed a total of US$348.2 billion from the Federal Reserve, an increase of 60% over the previous week.

  Among them, the loans obtained by commercial banks through the Fed discount window increased by 10 billion U.S. dollars, reaching a total of 49.5 billion U.S. dollars, a record high since the September 11 terrorist attacks.

  Outside the financial system, the first to be dragged down by the lack of liquidity are SMEs.

  A farmer who runs an orchard in California said in a recent interview with the media that due to the credit crunch, her plan to expand her business has been repeatedly shelved.

  She complained that when she started her business three years ago, she easily borrowed a $500,000 loan. Now her product is already well-known, but no bank is willing to answer her call.

   Surprisingly, the education sector has also been hit by the financial crisis.

  The Bank of America, which went bankrupt in the credit crisis, announced on Monday that it would freeze short-term investment funds of nearly 1,000 US colleges and universities totaling 9.3 billion U.S. dollars.

  Since colleges and universities usually deposit tuition and other income into their accounts, and withdraw funds from them for employee salaries, school daily maintenance, etc., the decision of Midland Bank means that some principals will have to face the dilemma of not being able to pay salaries.

  More schools are beginning to plan ahead.

  Boston University President Robert Brown announced the suspension of all new recruitment and construction projects in an email to all faculty and staff on Tuesday.

"This wide-ranging credit crisis will soon affect a large number of schools and research institutions. It has been predicted that the economy will be trapped in a liquidity crisis. Yes, it is now unfolding before our eyes," said Mo Leigh Broad said.

In announcing his $700 billion rescue plan on September 19, US Treasury Secretary Paulson said that the consequence of insufficient liquidity is that ordinary Americans’ personal savings are threatened, consumers and businesses borrow, spend, invest, and create jobs. The ability of opportunity will be weakened.

  Today, the rescue plan is still awaiting approval, and Paulson’s predictions are unfortunately becoming reality one by one.

  The credit market is about to collapse, colleges and universities cannot pay wages, and a new round of global stock market crash may be coming!

   These two giant articles were published in the Hong Kong media and the US media, and spent a lot of money from the Black Shirt Investment Bank.

  The effect is quite good.

  In the financial industry, it has affected the psychology of retail investors and investors.

   "Fuck, this black shirt group is very right."

   "Really very reasonable, very well analyzed"

   "It seems that I have to follow the advice of the Black Shirt Group this time, and sell the stock early"

   "The point of view that the Heishan Group said is okay. Maybe I have also cleared the stocks."

   "Fuck, this black shirt group is coming again with bad news. The U.S. stock market opens tonight, and it is estimated that it will fall sharply"

   "What the House of Representatives voted for the new version of the 700 billion US dollar rescue plan, it feels no use!"

   "The Black Shirt Group has always been so sharp!"

  "The Oriental Crocodile really lives up to its name!"

  "This oriental crocodile is going to be a short US listed company again!"

  Of course, some refute the Heishan Group.

Soon, the opinions of the Black Shirt Investment Bank and the Black Shirt Insurance Company were met by the Indian Industrial Trust and Investment Bank, the Indian Private Pension, the Tata Consortium Hong Kong Wealth Corporation, the Indian Imperial Bank, the Baroda Bank of India, the Indian Overseas Bank, All the faces of the Union Bank of India!

  India Industrial Trust and Investment Bank: The Black Shirt Insurance Company is purely alarmist, only for personal gain!

  Indian private pensions: The Black Shirt Group has shorted Citibank’s books with numerous losses, in an attempt to spread rumors about the US financial and banking system!

  Tata Consortium Hong Kong Wealth Company: The Black Shirt Insurance Company will undoubtedly suffer huge losses when shorting Wells Fargo Bank. I am really trying my best to recover from the defeat!

  Imperial Bank of India: It is not the first time that the Black Shirt Investment Bank fears that the world will not be chaotic and deliberately spread rumors on the global stock market

  India Bank of Baroda: The black shirt insurance company is heavily indebted, and now it has done everything in order to restore the decline!

  Indian Overseas Bank: It is not surprising that Hong Kong’s rumors that the King’s Black Shirt Group is preaching the end of the world one day. It is now shouting the global financial tsunami every day and the global stock market plummeting, nothing more than an ulterior motive!

  Union Bank of India: Heavy black material, the Black Shirt Investment Bank today’s acquisition of Huilian Financial Services Company is a great deception!

  Black Shirt Investment Bank purchased 80% of Huilian Financial Services Company at a price of 0.7 Hong Kong dollars per share, but only used 0.5 Hong Kong dollars per share to privatize the stocks in the hands of investors!

  In particular, the Black Shirt Investment Bank caused losses to the Union Bank of India. The Union Bank of India will sue the Black Shirt Investment Bank and the four shareholders of the original Huilian Financial Services Company.

  At the moment at the headquarters of the Heishan Investment Bank, Wang Guanxi and others looked at the remarks made by the seven giants in India, and they were suddenly furious.

  Especially, the United Bank of India also broke the news about the privatization of the Blackshirt Investment Bank Huilian Financial Services Company. This is another big scandal. It will be prosecuted and will have to go to lawsuits.

  The executives of the Black Shirt Investment Bank never expected that the Black Shirt Investment Bank's plan to privatize Huilian Financial Services was stabbed by the Indians.

   "This Union Bank of India is really mean!"

   "Grass!"

  "This is deliberate revenge on us"

  "This guy is going to sue us"

  "Is this Gilayu Amin of United Bank of India crazy!"

  Wang Guanxi indifferently instructed: "Let Heishan Legal Company prepare to respond!"

   "Yes, BOSS!"

  ··

  And at the moment, the Hong Kong Building of the Imperial Bank of India.

  In the trading room.

  Nehru, Sundep Batra, Ratan Tata, Feroz Sanghawi, Anand Mahindra, Rajuslov, and Gilayu Amin gathered together.

  The US stock market is about to open soon.

  Before the opening of the black shirt investment bank, the black shirt insurance company issued two long articles.

  In response, they directly slapped the black shirt investment bank and the black shirt insurance company.

   also exposed on the spot the scandal of the Black Shirt Investment Bank's privatization of Huilian Financial Services Company, which entrapped shareholders.

   Nehru said with joy: “This Black Shirt Investment Bank privately gave major shareholders 0.7 Hong Kong dollars per share, but only to shareholders at 0.5 Hong Kong dollars per share. Hey, this is a fraud involving 20 million Hong Kong dollars!"

  Ratan Tata said triumphantly: "This black shirt investment bank wants to save 20 million Hong Kong dollars, there is no way, haha! Maybe they have to pay 20 million Hong Kong dollars in compensation, and they have to face fines!"

  Sundep Batra said sinisterly: “We can add fire to them and set up a prosecution hotline for shareholders of Huilian Financial Services.”

Feroz Sanhavi said indifferently: "Maybe they don't care about this little money. If we want to do it, we will completely stigmatize them, so that everyone should not buy its insurance, let alone open a securities account with the black shirt investment bank. The loss is even worse"

Anand Mahindra gently rubbed his beard and said, "Feroz Sanhavi, you are right. If the black shirt investment bank and the black shirt insurance company do not make money in the financial market, They can only rely on market business and insurance policy business to make money, and we will destroy their most basic revenue."

Rajuslov took off his big red glasses and wiped them with a red cloth. He said, "Anand Mahindra, you are right. We are going to destroy their basic revenue and steal theirs. Customers, grab their market, I won’t be unable to grab them, support agents and partners to grab them, let their basic revenue collapse, and then we entangled them in the stock market and charge them a lot of interest every day. See how many days these guys can resist!"

Gilayu Amin also excitedly said: "Yes, it is very correct. The U.S. stock market is about to open soon. This time the House of Representatives vote on the new rescue plan will definitely pass. Hey, this Chinese man shorted Citibank and Wells Fargo. HSBC also intends to short Bank of America Corporation. Tonight will be their nightmare. They had better not short Bank of America Corporation tonight, or I, Gilayu Amin, will be trapped to death!"

Then Lin Yongfu from Taifook Securities Company, Hong Tianwen from the Good Financial Group, Yuan Kang from Aeon Credit Company, Huang Zhiyu from the Huang Consortium, and Zheng Yuanfeng from the Zheng Consortium all expressed their negative opinions on the Heishirt Investment Bank and Heishirt Insurance Company. Accuse the Heishan Group of spreading rumors and fraud.

Seven of Jiao Xiongbing of Daoheng Securities, Adolf Roguli of CLSA, Li Songwei of Yiqun Securities, You Zhenxuan of Dongying Securities, Jiang Jiwei of Dali Securities, Yue Runlin of Gaoxin Securities, and Ju Debiao of Fengnian Securities also jumped out. , Wrote an article by himself, denounced Heishan Investment Bank and Heishan Insurance Company!

   "The Black Shirt Group defrauded investors again!"

   "This fraud involves 70 million!"

   "Hong Kong rumor mad black shirt insurance!"

   "Hong Kong's blackest insurance company black shirt insurance!"

  'Hong Kong Black Heart Investment Bank fraudulently scam shareholders of Huilian Financial Services Company! ’

   "Fraud, naked fraud!"

   "The purchase price of 0.7 Hong Kong dollars per share is given to major shareholders, and the price of 0.5 Hong Kong dollars per share is only given to shareholders. What about the conscience???"

   "The shame of the securities industry, the Black Shirt Investment Bank too!"

  "The Heishan Group may be out of money and have a lot of debt. It can't even get 20 million Hong Kong dollars!"

  “The Blackshirt Group may go bankrupt, and the Blackshirt Insurance Company and the Blackshirt Investment Bank may be suspected of illegal insider trading.”

   "The Black Shirt Group has more than 40 billion Hong Kong dollars in debt and is in jeopardy"

  "The executives of the Heishan Group have added another 20 million Hong Kong dollars in prostitution because of the acquisition of Huilian Financial Services Company!"

   “It is rumored that the senior executives of the Black Shirt Group hope to cover the entire night scene, and they don’t know whether it is true or not. This 20 million Hong Kong dollar may be..."

  ···

  Heishan Investment Bank, Wang Guanxi and others looked at the negative news and were very annoyed.

  "Hong Tianwen, Lin Yongfu, Yuan Kang, these beam-jumping clowns dare to come out and jump."

   "Grass, I don't know the so-called!"

   "What garbage thing!"

   "I'm about to go bankrupt, dare to provoke us!"

   "Huang's consortium, the Zheng consortium will engage him sooner or later!"

  "This Daoheng Securities, CLSA, Yiqun Securities, Dongying Securities, Daly Securities, Gaoxin Securities, and Fengnian Securities are really lingering."

  Wang Guanxi said coldly: "After working with the Indians this time, I will take care of them, clowns!"

  "Watch the U.S. stock market now, don’t let them disturb our minds"

  "The U.S. House of Representatives will vote tonight, and we must keep an eye on U.S. bank stocks"

  "Yes, BOSS" everyone once again turned their attention to the US stock market.

   Soon the US stock market also opened.

  Although it has not yet reached the time for voting in the House of Representatives.

  But the U.S. stock market has already begun to rise.

  The Dow Jones Index rose!

Wells Fargo’s stock price opened at 37.00, and then rose to the position of 39.00 US dollars per share. The book profit of the No. 3 fund is still less than 300 million US dollars, which makes Wang Guanxi heart worried. The previous No. 3 fund When Wells Fargo's stock was at its highest, it had a floating profit of 1 billion U.S. dollars.

Because Citibank failed to bid for Midland Bank, Midland Bank was acquired by Wells Fargo, so Citibank's stock price gapped and opened at $195 per share, but immediately the stock price began to rise and rushed towards the position of $200 per share. .

  Bank of America's stock price opened at $36 per share, and then began to rise!

  Soon, Bank of America’s stock price rushed to $38 per share.

  Huang Shaokai asked: "BOSS, the stock price of Bank of America Corporation has risen rapidly. Are we going to be short now?"

  Zhang Dexi also asked: "Will the stock price of Bank of America company rush to the position of 40.00 US dollars per share?"

   Wu Zhankun also said: “The stock market has risen very sharply, and I don’t know if the vote will pass tonight.”

  Everyone is worried that the vote will be passed tonight.

  Wang Guanxi thought for a while and said, "Keep waiting, when the voting starts, go short and go!"

   "Yes, BOSS!"

  (End of this chapter)