Rebirth of the Financial Crisis Sweeping the World

  Chapter 431 431 Panic! The net worth is $8.3 billion!

  Wang Guanxi glanced at the stock price chart of Wells Fargo Bank.

  Today, Citibank’s stock price plummeted, and Wells Fargo’s stock price also fell. It has now fallen to $13 per share.

  Thinking about it, Wang Guanxi said: "Don’t worry, let’s talk about it tomorrow, let Wells Fargo’s stock price fall again."

  Citibank’s business is temporarily over, and the No. 3 Fund is shorting Wells Fargo, and there is actually no floating profit on the books. "Wait until Wells Fargo’s stock price drops below $13 per share!"

   "Yes, BOSS"

  Slowly, Wells Fargo’s stock price fell by US$1 again to US$12 per share, which seemed to have encountered support.

   Wu Zhanhai asked again: “BOSS, Wells Fargo’s stock price has fallen to $12 per share. Do you want to close the position now?”

  Wang Guanxi thought for a while and said: "Wait a little longer and see if I can continue to fall!"

  Wu Hongsheng said expectantly: "Maybe it can fall to $10 per share!"

  Li Guangyu: "Citibank's stock price is cut in half, and Wells Fargo will be the next one. It is also possible that its stock price will fall below $10 per share."

  Wang Guanxi smiled and said: "Then it can fall below $10 per share and then close the position."

  Currently, the No. 3 Fund has shorted 250 million shares of Wells Fargo Bank, with an average position of $20 per share.

  The principal is 5.8 billion US dollars, of which the liabilities are 3.4 billion US dollars, which is owed to Wing Hang Bank.

  Currently, the floating profit per share on the account is 8 US dollars, for a total floating profit of 2 billion US dollars.

  The net value of the account is as high as US$7.8 billion, which is HK$60.4 billion, which is a very large cash flow.

  Lu Jianyan said: “The guys who blocked us from shorting Wells Fargo on Wells Fargo have suffered heavy losses.”

  Guan Zhenyi also said: “The institutions that lent us stocks to short Wells Fargo also suffered heavy losses, especially the Indians.”

  Lin Jiyang: "I don't know if they will call us to settle stocks?"

  This time the No. 3 Fund shorted 250 million shares of Wells Fargo Bank, which was borrowed from seven financial institutions.

  India Industrial Trust and Investment Bank borrowed 50 million shares.

  20 million shares of UBS.

  20 million shares of BlackRock Group.

  10 million shares of American International Group.

  100 million shares of Bank of Baroda, India.

  Buffett borrowed 50 million shares.

  Indians borrowed the most this time, totaling 150 million shares, and Wells Fargo’s stock price fell from above US$2 billion per share to today’s US$12 per share.

  Industrial Trust and Investment Bank of India and Bank of Baroda of India have floating losses as high as at least 40%.

  Wang Guanxi smiled and said: “At present, Wells Fargo’s stock price has not fallen below $10 per share. I don’t think they will call.”

   Wu Zhanhai said excitedly: "Hey, now these three Indian dogs are dead!"

  Wu Hongsheng also said: “The bearded Anand Mahindra of Baroda Bank in India was very arrogant before, and now I don’t know how much money I lost!”

  Wang Guanxi smiled and said: "The beard of Anand Mahindra has blocked us twice. Now that the stock price of Wells Fargo has fallen so much, he is afraid that his beard will be lost."

  For the first time, Bank of Baroda in India has longed 100 million shares of Wells Fargo, and for the second time, it increased its holdings of 150 million shares of Wells Fargo, totaling 250 million shares.

   One can imagine how badly Anand Mahindra's beard has suffered.

   also lent Wang Guanxi’s 100 million shares to sell short. If Wang Guanxi does not liquidate his position, his 100 million shares will not be able to sell, so he can only watch the stock price of Wells Fargo decline.

  Li Guangyu also said: “There is also Sampud Bartra of the Indian Industrial Trust and Investment Bank. He borrowed 50 million shares to sell us short. Now if we don’t close the position, he can’t close the position and lose him!"

Lu Jianyan also echoed: "Yes, it’s a loss. Sampud Bartra lost at least 1.3 billion U.S. dollars on Citibank. Now Wells Fargo’s stock price has fallen so much. He estimates that it will be a hit soon. Call us to settle Wells Fargo’s stocks"

  Wang Guanxi smiled and said: "If Sundeep Batra calls, I will settle with him at the price of 8 dollars per share."

Before at Citibank, Sundup Batra couldn't agree with Wang Guanxi. He sold 12 million shares in the market, causing Citibank’s stock price to drop to $10 per share. Then Wang Guanxi took the opportunity to buy Citibank. .

  It’s still the same this time. If Sundeep Batra calls again, Wang Guanxi will also give a very low price.

  Guan Zhenyi: "BOSS, I guess he must beg you for a settlement price of $10 per share this time!"

  Wang Guanxi shook his head: "He was dreaming. I won't give a settlement price of $10 per share."

Lin Jiyang: "Boss, and Ratan Tata from the Tata Consortium of India. The Tata Consortium bought 50 million shares when we shorted Wells Fargo Bank for the second time. We definitely haven't closed the position yet. Carry it."

Wang Guanxi smiled and said: "Ratan Tata Nasi also said that Ford Motor Company will not survive in July this year, and this grandson is afraid to short Ford Motor Company now. If he asks me to sell stocks, it will also cost $8 per share. price!"

  In a flash, Wells Fargo’s stock price closed at $11 per share.

  At this time, Wang Guanxi's phone rang, opened it to see that Ratan Tata called, and it was connected.

  Wang Guanxi smiled and asked, "Ratan Tata, what's the matter?"

  Call Li Ratan Tata and said: "Wang Guanxi, do you own General Motors and Chrysler Motors stocks?"

  Wang Guanxi: "There are no stocks in these two car companies, only Ford Motor Company stocks, do you want to short Ford Motor Company now? I can lend you all, no problem, just 1% monthly interest will do."

  Ratan Tata opened his mouth and said, "I only want shares of General Motors and Chrysler Motors, not Ford Motor Company."

  Wang Guanxi smiled and asked: "Ratan Tata, didn’t you say that my Ford Motor Company must not survive in July this year? You can go short, I only have 1% interest per month."

Now Ford Motor Company’s stock price is at US$2 per share, and his No. 1 Fund holds 1.5 billion shares of Ford Motor Company, all of which are Class A shares, which can be loaned to Ratan Tata to short Ford Motor Company, worth US$3 billion per share. A monthly interest of 1% is 30 million U.S. dollars.

Ratan Tata smiled: "Wang Guanxi, don't irritate me, Ford Motor Company is absolutely bankrupt, I will definitely short it, but not now, I now have General Motors and Chrysler Motors stocks, you don’t have Forget it, I will find another institution to borrow it."

  Wang Guanxi smiled and said: "Buffett holds a lot of General Motors stock, you can ask Buffett to borrow it!"

  Ratan Tata: "I almost forgot that Buffett, who is a god, still holds a lot of General Motors stock. By the way, Wang Guanxi, you bought the shares of HSBC and Citibank. Are you interested in buying shares of Wells Fargo?"

   "Our Tata Consortium has 50 million Wells Fargo shares, which can be sold to you!"

  Wang Guanxi smiled and said, "Ratan Tata, so you called me to kneel."

  Ratan Tata was hit with a heavy hammer in the chest!

   "Wang Guanxi, what are you proud of!"

   "There is a kind of you to stop me from shorting General Motors and Chrysler Automobiles!",

"dare?"

  "Dare you come to stop Alvard and me?"

  Wang Guanxi said lightly: "I am not interested in going long with General Motors and Chrysler Automobiles. If you want to sell me the shares of Wells Fargo now, the price will be $8 per share!"

   "What?" Ratan Tata asked out loud in surprise, "You said 8 dollars per share? Now that the stock price is 11 dollars per share, you actually gave me the price of 8 dollars per share?"

  TM, Wells Fargo’s stock price is now at $11 per share, and Wang Guanxi only gave him $8 per share. Does this treat himself as a fool?

Wang Guanxi nodded: "Now that the financial crisis is very serious, Wells Fargo's stock price will definitely continue to fall sharply. I think we are so familiar with each other, so I will give you a price of $8 per share. Hello. think about it"

  "I haven't thought about it" Latan Tata didn't forget to say before ending the call: "Wang Guanxi, wait, I, Latan Tata, will kneel in the financial market sooner or later!"

  Wang Guanxi smiled and said: "Then I will wait and see. I hope you will not lose all the assets of the Tata Consortium in the future."

  After finishing the call, Wang Guanxi shook his head: "This fool will make money short of General Motors, but he will also help me make money. Sooner or later he will lose the money to me!"

  In a flash, the financial market closed, and Wells Fargo’s stock price fell to $10 per share.

   fell from US$14 per share to US$10 per share on the same day, a drop of 28.5%,

   Fund No. 3 is shorting 250 million shares of Wells Fargo, with a floating profit of US$2.8 billion on the book

  And Citibank’s stock price fell to 9 US dollars per share, a drop of 64%. The No. 2 Fund held 200 million shares and temporarily lost US$600 million on its books.

  Wu Zhanhai said excitedly: “BOSS, the stock price of Wells Fargo Bank will definitely continue to fall tomorrow”

  Wu Hongsheng also said: “Tomorrow Wells Fargo’s share price will definitely fall below $10 per share”

  Li Guangyu: "This financial crisis is still intensifying!"

  Wang Guanxi smiled and said: “Today Ratan Tata refuses to sell for 8 dollars a share today, and he will change his mind tomorrow.”

  Lu Jianyan also said: “Now Ratan Tata, Sundeep Batra, and Anand Mahinde must be panicked to death.”

   Guan Zhenyi also echoed: “Yes, 10 US dollars per share is a key support position. Once Wells Fargo’s stock price drops to 10 US dollars per share, then the bulls in the market will collapse again!”

  Lin Jiyang said excitedly: "Boss, do we want to release an investment report on Wells Fargo?"

  Wang Guanxi thought for a while and said: “Issuing Wells Fargo’s bearish investment report, it means that Wells Fargo is the next Citibank, and the stock price has been halted!”

   "Let Ratan Tata, Sundeep Batra, and Anand Mahinde fear!"

  "Yes, BOSS" Then everyone released the investment report of Wells Fargo Bank, and also let the Wall Street Journal and Bloomberg report it.

  [Rescue Citigroup in the third round, the next one is Wells Fargo]

  After Citibank is nationalized, the next one will be Wells Fargo Bank.

  Because Wells Fargo Bank previously acquired Midland Bank has a big problem.

  In the field of mortgage loan business, Citibank and Merrill Lynch are the largest, followed by Midland Bank.

  But everyone’s current focus has not shifted to Wells Fargo.

   But from the perspective of stock prices, Wells Fargo has also fallen 38% since the announcement of the Secretary of the Treasury Geithner Bank rescue plan, and has now fallen to $10, the first time in 13 years.

  Rene Smith, vice president of Black Shirt Investment Bank: “If you rank the big banks, you should be Citibank, Bank of America, Wells Fargo, and Morgan Bank. Wells Fargo has a lot of problems. We have been shorting this bank recently.”

  Huntington Bank CEO Stephen Steinow: “Before Wells Fargo bought Wachovia, it had many problems.

  Alan Fishman, CEO of Fifth Third Bank: “Wells Fargo is a big mortgage lender. It has many different ledgers and different accounting standards. Some assets need to be calculated at market prices, and some don’t.

  According to how the market goes, it can control the profit report, which can make the profit change for the better and worse to a certain extent.

  Many times, profit cannot truly accurately reflect the operation of the bank, but is related to the accounting treatment. "

Silicon Valley Bank CEO Greg Becker: After Wells Fargo Bank acquired Midland Bank, the Federal Deposit Insurance Corporation (FDIC) did not say to guarantee its losses. If the market keeps going bad, especially the real estate in Asia continues to deteriorate, is it the United States? Union Bank’s losses were more than expected at the time, and I think it is very likely.

  Wall Street Journal: Among the four major banks, Morgan Bank is currently in a slightly better position, because Morgan Bank does not have much mortgage business. After the acquisition of Washington Mutual Bank, it did not absorb the bank's toxic assets, but only took deposit business. Therefore, JP Morgan Bank has a much smaller impact than the other three.

  At present, Citibank has been nationalized, and the next one will be Wells Fargo!

  At this time, the Soros Quantum Fund also expressed his views. Soros said: “The major banks are frequently rushing to the second wave of tsunami.”

  The news immediately caused investors in the market to panic!

   "TM, is the second wave of financial tsunami coming?"

   "Oh, financial stocks are going to plummet this time"

   "Yes, Citibank has been nationalized, common stocks and preferred stocks have no dividends. Only the government's senior preferred stocks have dividends. I feel that the Citibank stocks in my hand are the same as paper."

   "The stock price of Wells Fargo Bank will definitely be cut in half."

  "What are you waiting for? Tomorrow the stock market opens and sell Wells Fargo stocks."

   "Oh, when will this **** economic crisis pass?"

   "Wells Fargo Bank must not be nationalized"

  "Fannie Mae, Freddie Mac, AIG, and Citibank were nationalized and their stock prices fell into shit."

  "Is it really Wells Fargo's turn? Alas, I'll sell the stocks at the opening tomorrow!"

  ···

  Hong Kong time, on the morning of February 27th, Sundeep Batra woke up early and saw the news.

  Suddenly his face changed drastically.

Now Wells Fargo’s stock price has fallen to $10 per share, and the Indian Industrial Trust and Investment Bank holds 50 million shares. Now it has lent Wang Guanxi to short. After Wang Guanxi closes the position, he returns the stock to him to close the position. .

   "TM, is Wells Fargo also nationalized?"

After the nationalization of Fannie Mae, Freddie Mac, American International Group, and Citibank, the stock prices fell so terribly that he was completely panicked.

  He didn’t want to see Wells Fargo’s stock price plummeting all the way, falling to $2 per share. At that time, 50 million shares were only worth $100 million.

  So Sundeep Batra called Wang Guanxi quickly.

  And it is the night in the United States, Wang Guanxi is eating grilled lamb chops, Luo Baowen, Zhang Xiaolei, Jennifer Lawrence, Ford Ingrid are all there.

  There are Stephen Steinor, Alan Fishman, Rick Fishman, Abode, Ellie, Roland Messi, Nathan Messi and other horses around.

  There is an event being held here, everyone is talking and laughing, it is very lively.

  At this time, Wang Guanxi's phone rang, and he saw that it was Sandep Batra calling, so he got up and left the banquet hall.

   "Sundep Batra, what's the matter?"

  On the phone, Sandep Batra said: "Mr. Wang, I want to settle Wells Fargo's stock with you!"

  Wang Guanxi said: "Yes, 8 dollars per share!"

  Sundep Batra: "Can't it be higher?"

  "How about settlement at market price?"

  Now India Industrial Trust has a bank holding 50 million shares of Wells Fargo Bank, with an average position of 22 US dollars per share, and a floating loss of 12 US dollars per share on the book, totaling 600 million US dollars.

  Wang Guanxi resolutely said: “Only 8 dollars per share, if you don’t agree, then forget it.”

   "The market price is 10 US dollars, you only gave me the price of 8 US dollars, Wang Guanxi, you are too cruel!" Sundeep Bartra suddenly hated Wang Guanxi, this Chinese clerk, actually slaughter him like this.

  Wang Guanxi insisted: “It’s only 8 dollars per share. If you don’t settle it, then forget it. I’m going to eat lamb chops.”

  Sundep Batra was furious in his heart, suppressing his anger, and said quickly: "That 9 dollars per share head office, right?"

Wang Guanxi still resolutely said: "It's still 8 dollars per share. You have to know that after the opening of the US stock market, Wells Fargo’s stock price must have fallen below 10 dollars per share, and then plummeted all the way, even below 5 dollars per share, Sander Pu Bartra, I treat you as an old friend, don't be too greedy! Please beg me, maybe I can settle the price for you at 9 dollars per share!"

  Sundep Batra almost died of anger by Crown Hee, his chest was full of anger, and he coldly said: "Wang Guanxi is very good! You are good friends, my friend, wait, I will **** you sooner or later."

  Sundep Batra settled the call, and then slapped the desktop fiercely!

boom!

  TM, he lost so much money on Citibank, Wells Fargo Bank, this Chinese miscellaneous bargaining 20%, it is absolutely hateful!

  At this time, the secretary brought breakfast, and Sundeep Bartra fell directly to the ground.

  At this moment, Wang Guanxi had just eaten lamb chops and drank wine in Wangguan Manor.

  At this time, the phone rang again, and Brian Schreiber, head of Asia at AIG, called and connected.

  Wang Guanxi asked, "Mr. Brian Schreiber, what's the matter?"

Brian Schreiber said: "Mr. Wang, I want to settle Wells Fargo's stock with you. If you close your position in the market, Wells Fargo's stock price will also rise sharply. How about our settlement at market prices? "

  Wang Guanxi smiled and said: "No problem, then 10 dollars per share!"

  So Wang Guanxi asked the lawyers of the Black Shirt Legal Company to go to the Asia-Pacific headquarters of AIG, and then signed an agreement to settle the short order of 10 million Wells Fargo Bank shares and also paid interest.

   Soon the Asian branch of UBS, senior vice president Casey Entwistle’s call came.

  Wang Guanxi asked: "Mr. Casey Entwistle, your UBS is also here to settle the shares of Wells Fargo?"

  Kathy Entwistle sighed: "Yes, I hope you can promise us, if the price is the market price, what do you think?"

  For the follow-up stock price of Wells Fargo, they are already very optimistic about UBS, and they are anxious to settle Wells Fargo’s stock with Wang Guanxi before the opening of the US stock market.

  Wang Guanxi smiled and said: "Mr. Casey Entwistle, no problem, we will settle the settlement according to the market price."

  UBS is a super financial institution in the world, with assets of several trillion US dollars. In the future, Wang Guanxi will still have many opportunities to borrow their stocks. There is no problem when the market price is used for settlement.

  Then the people from the Black Shirt Legal Company also went to the Hong Kong branch of UBS Group, signed an agreement, and settled a short list of 20 million shares of Wells Fargo.

  Not long after the settlement with UBS, the CEO of Blackshirt Insurance Company Huang Shaokai called and said that the people in BlackRock also wanted to settle the shares of Wells Fargo.

  Wang Guanxi also agreed, the market price settled, and then interest was paid.

  In this way, 50 million shares have been settled!

   At 10 o’clock in the evening, the secretary of the stock **** Buffett also contacted Stephen Steinor, CEO of Huntington Bank, and said that he was going to settle 50 million shares of Wells Fargo.

  However, the settlement price requires US$12 per share. Wang Guanxi refused to agree and resolutely settled at the current market price of US$10 per share.

  It was not until the morning of February 27th that Buffett’s Berkshire Hathaway agreed.

  So before the opening of the stock market, Wang Guanxi settled another 50 million shares and paid interest.

  There is still 150 million Wells Fargo’s short list left, which will be closed today.

  Wang Guanxi said: “After the stock market opens, Wells Fargo’s stock price will definitely fall sharply, so act by chance!”

  At this time, Wu Zhanhai asked: "Boss, where are we going to hunt Wells Fargo this time?"

Wang Guanxi: "I don’t know, we will flatten out the 150 million shares of Wells Fargo Bank before we talk about it. Then Sundeep Batra of the Indian Industrial Trust and Investment Bank will definitely sell the shares of Wells Fargo, and we will be flat at a low level. The warehouse is good"

   "Yes, BOSS"

   Soon the stock market opened.

  In Hong Kong, the Indian Industrial Trust and Investment Bank Asia-Pacific respectively, Sundeep Batra has a gloomy face.

   "Wang Guanxi, you Chinese clerk, you will regret it sooner or later!"

  Because Wang Guanxi refused to settle with Sandeep Bartra, he had to sell the 50 million shares of Wells Fargo on the market.

  "This time I short the Hang Seng Index, and I will definitely make all the money I lost. You are waiting!"

   Then he began to sell Wells Fargo stock.

  Because there are too many sell-offs in the market, coupled with his sell-off, Wells Fargo’s stock price has fallen from $10 per share to $7 per share, a 30% drop

  Sundep Batra immediately stopped selling.

  At present, he has sold 25 million shares, temporarily slowing down.

  At this moment, Anand Mahindra's face is pale, and his back is cold and sweaty!

   "Damn it, what should I do?"

  He tore off one of his beard fiercely!

  In October 2008, he blocked Wang Guanxi's short selling on Wells Fargo Bank. At that time, he bought 100 million shares and opened a position at $40.

In January 2009, he made billions of dollars on the Dow Jones Index, and then blocked Wang Guanxi on Wells Fargo for the second time. He bought 150 million shares of Wells Fargo and opened a position at $20. Per share.

  Now he holds a total of 250 million shares, with a floating loss of US$5.23 billion on the book, which can be described as an extremely heavy loss.

   "Wang Guanxi, you Chinese grandson!"

  He regrets, pains and angers, and pulls his beard fiercely.

  ··

  At this moment, the Indian Overseas Bank, Rajuslov took off his big red sunglasses and threw them in the fish tank!

"asshole!"

  "It was a big sell-off at the opening!"

"I now how to do?"

   "Wang Guanxi, the Chinese little clerk, must have made a profit today"

  Now Lajuslov is extremely angry.

  Currently, Indian Overseas Bank holds 50 million shares of Wells Fargo, with a position of $22 per share, and a loss of $15 per share on the book, a total loss of $750 million.

  Before they had lost HK$24 billion on HSBC.

  This is a terrible loss.

  That is hate in his heart!

  The water of the five lakes can't be cleaned.

  He shouted to the ceiling: "Hua Xia Xiaoyi, I will let you double the payment sooner or later!"

  ··

  At this moment, Tata Wealth Company, Ratan Tata is already in a cold sweat, and sweat beads on his forehead.

The Tata Consortium also holds 50 million shares of Wells Fargo Bank, with a position of $23 per share, and now has a loss of $16 per share, a total loss of $900 million.

  It directly lost US$6 billion on HSBC, and now it has lost US$900 million on Wells Fargo.

   "Hua Xia Xiao Wang Ba, let's take a look, when I finish shorting General Motors and Chrysler Automobiles, I will ask you to settle the account!"

  And Huntington Bank, in the trading room, Wang Guanxi shouted: "No hurry, wait!"

   "Yes, BOSS!" Everyone continued to wait.

  Then Wells Fargo’s stock price fell to $6 per share, and Wang Guanxi shouted: "Close the position!"

  "Yes, BOSS" everyone immediately began to liquidate their positions.

  Short closing is equal to buying.

  5 million shares!

  10 million shares!

  12 million shares!

  8 million shares!

  14 million shares!

  6 million shares!

  ··

  Suddenly, the stock price of Wells Fargo Bank was under the liquidation of the No. 3 Fund and began to turn around and soar!

  6.12

  6.98

  7.51

  7.89

  8.42

  8.99

  9.12

  9.54

  10.23

  ···

   rushed all the way to 12 dollars per share to end!

  Fund No. 3 is also cleared!

  The average closing price is 9 US dollars per share!

   gained $2.75 billion,

  And this time short Wells Fargo Bank borrowed 250 million shares!

  These 250 million shares were worth US$5.5 billion at the time, and the monthly interest was as high as US$82.5 million.

  A total of $125 million in interest was paid.

  Calculating this time, the net profit is 2.625 billion US dollars, plus the 5.8 billion US dollars of principal, totaling 8.325 billion US dollars

  Wang Guanxi immediately withdrew 25 million US dollars to the horses as a bonus, and the No. 3 fund left 8.3 billion US dollars.

  At this moment, Sampud Bartra, the Indian Industrial Trust and Investment Bank, began to sell the last 25 million shares of Wells Fargo!

  Then Wells Fargo’s stock price began to fall again, falling all the way to $9 per share before stopping!

  He lost a total of 650 million US dollars this time, and he was heartbroken.

  "Wang Guanxi, you little crap, I will turn you over sooner or later"

  At this moment, at Huntington Bank, Wang Guanxi shouted: "Ready to hunt for Wells Fargo!"

  "Yes, BOSS" everyone is very excited.

  Then Wells Fargo’s stock price continued to fall.

  8.85

  8.50

  7.98

  7.67

  ··

  (End of this chapter)