When I am reborn in Hong Kong, I just want to lie down

"As long as Lehman Brothers does not collapse, there will be no hope for this crisis."

This is what Lie Bu said to Jennifer. Her North American identity provides her with good protection, and some investigation agencies in North America once obtained a very vague report about Pacific Rim, saying that this company, They have huge assets outside of North America, but they didn't discover it, or maybe they misunderstood it. Which big company doesn't have huge assets overseas?

The detectives had no idea what to do. They discovered that a big hand was erasing these traces from behind. When they reached a certain step in their investigation, it was as if the evidence had suddenly been erased.

How about AIG, a giant in the insurance industry?Pacific Rim has always had plans for it, but has never had the chance. This time the opportunity has come.

Pacific Rim Group immediately came to the door and wanted to buy AIG Group. Some unpopular insurance businesses, which are not visible now, will develop in a few years.

In the first contact, the two parties did not have a pleasant conversation, and the other party was actively communicating with the Federation.

Judging from the news from some insiders, if the Federation rescues AIG, then, in return, AIG will donate 80% of its preferred shares to the Federation.

This news has been circulating for a long time, but Li believes it is true.

What kind of activities are involved are unknown to ordinary people; Li Bu feels that this kind of operation is very interesting. As a beacon of the Western market economy, if you save the market, you will save the market. If you nationalize it, you will nationalize it. What kind of gifts are there? It's a toad marrying a frog.

As for the final exchange of preferred shares for common shares and then selling them, I don’t know who gets the advantage in the end.

Some people say that so-and-so is the richest man, with a net worth of tens of billions, but that is only on the surface. Old moneymen know how to hide their wealth. Family trust funds, charitable funds, offshore funds, and these wealth management institutions are not included in the statistics. of.

A listed company has a market capitalization of US$[-] trillion, and there are [-] to [-] financial institutions in it. Who knows who is in it?

Pacific Rim Group has completed its reorganization, and its business has returned to normal. Now it is suppressing the stock price, and then accumulating funds or short selling to make profits.

As an insurance underwriter, AIG controls a large number of insurance companies around the world. When its stock price peaked at more than 1000 yuan per share, it purchased a large number of subprime mortgage bonds.

Now, in order to solve the problem of those mortgages, Pacific Rim has begun to replace the subject matter there. It used to be nothing and was fabricated out of thin air. Now, it has stuffed in all the mortgage subjects in Detroit.

One of the main causes of the subprime mortgage crisis is the illegal issuance of loans, confusing targets, and repeated operations, which have made bonds and their derivatives rampant.

Everything is going in a good direction for aig, but their thunder has not really exploded yet.

You don't want me to take advantage of you, and you still want to find out the whole story, so you just don't want to have fun with me?

Subordinated debt is securitized with mortgage loans and then listed for trading. This is a good move and then sold around the world. If nothing goes wrong, both parties will eat the interest together. If something goes wrong, the final holder will foot the bill.

This is the way to share risks. The United States can be said to be a scumbag, and other countries or financial institutions in other countries pass the risks on.

Something went wrong now, and easing and bailout began. However, soon after, Lehman defaulted and was exposed for financial fraud.

It was already in a precarious situation, and now it is even worse. However, there is always a message among the leeks: the federal government will rescue the market.

The result was ha ha…

The men and machines of the Pacific Rim were pouring Lehman's massive borrowed stock into the market.

Those leeks thought that now was the time to hunt for the bottom, so they bought in one after another. The trading volume was once enlarged, while the selling continued. This matter attracted the attention of the regulatory authorities, and they immediately called Pacific Rim to ask what happened.

Pacific Rim's external staff immediately explained: "Recently, we have collected some public newspapers and magazines. Some economists are not optimistic about Lehman's situation and believe that its financial fraud. Our analysis team has recognized its analysis results. , so we made the correct prediction.”

"You are just trying to make up for it. There is no way Lehman will have any problems."

"But we take their word for it."

"Regulators will investigate you for disrupting the market."

……

The two sides argued and talked on the phone for half an hour, but neither side could convince the other.

"In the near future, we will form an investigation team and go to your place."

"I'm sorry, sir, we shouldn't be like this. We have always complied with the regulations. If someone commits fraud, a law-abiding company like us needs to take responsibility. Since you think Lehman did not commit financial fraud, then it did not commit fraud."

Hearing Pacific Rim Group's words, the other party was stunned for a moment. They knew that if the other party did not have conclusive evidence, they would not conduct short selling on such a large scale and would have to announce it to the outside world.

"That's it for now, let's discuss it later."

"Sir, you are wise."

After putting down the phone, people from the regulatory authorities immediately started a discussion, because in recent years, there have been rumors about Lehman's financial fraud, and Pacific Rim, the top three investment banks on Wall Street, must have gotten some information, but they said it was Doing such a move based on rumors made them a little suspicious.

While they were discussing, the long and short sides were still entangled, and at Lehman...

"Who's selling our stock, who knows..."

An employee sitting at the back of the conference room became a little trembling. Facing the angry president, he said: "It's Pacific Rim, it's them. I got the news that they based on some media articles questioning us, based on this, they We initiated a short sale.”

"This is nonsense. We are developing normally just because..." He stopped talking. He knew about Lehman's situation better than anyone else. Then he said: "I will contact the other side. Now, let's break up the meeting."

The evening news that day reported on the strength of Lehman's stock, saying that Lehman was a good company and spoke highly of the company, which had been established for 158 years.

The next day, Lehman's share price actually rose, and more shares were sold that day.

Lehman's few insiders were even more panicked. If something went wrong at this time, they would be investigated, which would be a disaster.

Not only stocks were shorted, but corporate bonds were also shorted. This was a double kill of stocks and bonds.

But on the contrary, more and more media sang a lot about Lehman and publicized how good Lehman was. The more this happened, the more panicked Lehman's senior management felt. They felt that they were about to be finished.