Rebirth of the Financial Crisis Sweeping the World

  Chapter 467 467 net worth $5.25 billion!

   Soon the Dow Jones Index fell to the 8400 position.

  Huntington Bank Building, in the trading room, everyone was very excited.

   Wu Zhanhai jumped up excitedly, "The Dow Jones Index has fallen by 200 points!"

  Wu Hongsheng is also very excited: "The bulls in the market are collapsing"

  Li Guangyu: "This unemployment rate has indeed created a record high"

  Wang Guanxi took a teacup and took a sip and said, "This time Evan Cardinal is finished."

  Lu Jianyan echoed and said: "Now that Evan Cardinal must be crying out of the toilet."

  Guan Zhenyi also echoed: "This time let Cardinal Hedge Fund lose enough!"

  Lin Jiyang said excitedly: “Today there will definitely be a large number of bullish liquidation. I don’t know if Evan Cardinal will liquidate it?”

  Wang Guanxi smiled and said: "I hope he will liquidate his position later, we are not planning to close the position!"

  At present, Wang Guanxi’s No. 1 Fund has 600 points floating on the book, totaling 1.5 billion US dollars, and the net value of the account is as high as 4.3 billion US dollars.

   But suddenly the Dow Jones Index was supported and oscillated at the 8400 position.

  At this moment, the Feld Group Building.

  Soros, Feld, and Milos Messi were also very happy.

  This time they short the Dow Jones Index with huge profits on the books.

  Soros said with excitement: “I didn’t expect that the unemployment rate in the United States has created a record high in 26 years. The Dow Jones Index has fallen into shit. We have a lot of money on the books, but Wang Guanxi must also have a lot of money.”

Feld: "Yes, let Wang Guanxi ride our ride this time. At that time, we consumed a lot of funds from the Cardinal Hedge Fund, and then Wang Guanxi made the move. This time, it can be said that he was in vain. Money"

  Messi Messi also said: “Although I don’t like Wang Guanxi very much, but this time everyone is encircling the Cardinal Hedge Fund and making dumplings for Evan Cardinal. It’s not bad.”

  Soros thought for a while and said: "I hope Wang Guanxi is also a long-term short this time, don’t undermine our long-term short-selling plan."

   Feld is: "Whether he is a long-term short or a short-term short, it will not affect our long-term short."

  Messi Messi also said: “Even if Wang Guanxi closes his position, it will not affect the Dow Jones Index falling below the 8000 position.”

  Soros: "I hope so"

   Feld said: "The Dow Jones Index is temporarily supported. Let's issue a negative report."

  "Good" Then the Feld Group, Soros Quantum Fund, and Messi hedge funds have released reports that the economy will continue to decline.

  Huntington Bank Building, in the trading room.

   Wu Zhanhai: "BOSS, Soros, Feld, Milos Messi and others are releasing reports on economic recession"

  Wang Guanxi smiled and said: "This is a good thing, let them do it, we just lie down and collect the money."

   Then he took a look at the Dow Jones Index, which is still oscillating near the 8400 position.

   "It should be that many short-term short positions have closed their positions at a profit, temporarily supporting the Dow Jones Index."

  A few hours later, the Dow Jones Index fell again.

  8380

  8375

  8356

  8350

  ···

  Finally closed at 8200.

  The Dow Jones Index plummeted by 400 points that day!

   plummeted from the 8600 position to the 8200 position!

  In the daily chart, there is a big Yinxian.

   Soros Quantum Fund claims: This is the inevitable process of market recovery, and negative factors are inevitable. Soros believes that the unemployment rate may rise to 11%.

  At this moment, at the Cardinal Building, Evan Cardinal's face is as earthy, and his back is cold.

  He has lost $4.8 billion on his books!

"damn it!"

   "Why is this happening!"

"Why!"

  He grabbed his hands hard, and his nails would fall into the palms of his hands.

  At present, there are still US$200 million in available funds in his account. If the Dow Jones Index falls by another 34 points, his account will be liquidated.

  He is not reconciled!

  He intends to borrow another 1 billion US dollars.

  Immediately he called Sun Trust Bank and Northern Trust Bank and asked to continue the loan, but the other party said that he would consider it.

  He had no choice but to call Huntington Bank and Fifth Third Bank, but when he was about to call, he hesitated again.

  At this moment, the Huntington Bank Building, everyone is extremely excited.

  Today, the Dow Jones Index plummeted by 400 points, and the No. 1 Fund booked 800 points with a total floating profit of 2 billion U.S. dollars, and the net value of the account was as high as 4.8 billion U.S. dollars.

   Wu Zhanhai said excitedly: "BOSS, this time we have made a lot of money, this unemployment rate has indeed created a record high."

  Wu Hongsheng said excitedly: "Today the Dow Jones Index plummeted 400 points, and it will definitely continue to plummet tomorrow!"

  Li Guangyu: "Then Evan Cardinal must be out of stock, right?"

  Wang Guanxi yawned: "It shouldn’t be liquidated yet, maybe he will add funds to come in, and then resist!"

  Lu Jianyan asked: "BOSS, then where do we wait for the Dow Jones Index to drop to the position to close out?"

  Wang Guanxi thought for a while and said: "Let’s wait and see what happens. We are short-term short this time and will not hold short positions for too long."

  Guan Zhenyi said: "BOSS, we can wait for the Cardinal Hedge Fund to burst."

  Lin Jiyang also said: "Yes, if Evan Cardinal can't borrow money, he will definitely liquidate his position, and he will be able to close the position for us at that time!"

  At this time, Stephen Steinor, CEO of Huntington Bank, said: "BOSS, Evan Cardinal wants to lend us $1 billion."

  Wang Guanxi asked: "Why do you suddenly ask us about loans? Then Sun Trust Bank and Northern Trust Bank didn't lend Evan Cardinal a loan?"

  Fifth Third Bank CEO Alan Fishman said: "BOSS, I think Sun Trust and Northern Trust Bank did not lend Evan Cardinal. Do we want to lend Evan Cardinal?"

  Wang Guanxi said: "Let him pledge the equity of Cardinal Health Group to us!"

   "Yes, BOSS!" Then Alan Fishman and Stephen Steno hurriedly went to inform the Cardinals.

The Cardinal family holds 25% of the shares of Cardinal Health Group, of which 10% of the shares are class B shares, 15% of the shares are class A shares, class B shares have 10 votes per share, class A shares Each share has one vote.

  Class B shares alone control 52.8% of the company’s voting rights. The Cardinal family firmly controls the Cardinal Health Group!

  Evan Cardinal did not expect Huntington Bank and Fifth Third Bank to demand mortgage control of Cardinal Health Group!

  "It is estimated that I am eyeing the Cardinal Health Group" Evan Cardinal sneered: "Dreaming!"

   "I just borrowed funds temporarily!"

At this time, the phone rang again. It was from Huntington Bank who said that the loan was changed to a non-interest-bearing mortgage. However, this loan has one condition, that is, Huntington Bank and Fifth Third Bank can at any time according to the Cardinal family. Asset situation, to recover the loan, if the Cardinal family cannot raise $1 billion in funds to repay the loan, Huntington Bank and Fifth Third Bank will have the right to dispose of the mortgaged equity.

   "Hehe, it's only 1 billion U.S. dollars. The Dow Jones index is no longer falling. I'll be fine. Now the Dow Jones index must have reached the lowest position."

   Then Evan Cardinal pledged 25% of Cardinal Health Group's equity to Huntington Bank and Fifth Third Bank, and obtained a loan of 1 billion U.S. dollars.

  The current market value of Cardinal Health Group is US$6 billion, and its 25% equity is valued at US$1.5 billion. However, Huntington Bank and Fifth Third Bank still agreed to borrow US$1 billion.

  (End of this chapter)