The entire Wall Street has discovered the fact that you can make a profit by going short. Those financial companies who choose any short position will make a lot of money.

The cause may have been Pacific Rim, but it caused other financial institutions to follow suit. They complained, why was Pacific Rim not listed?

How could such a behemoth be delisted? If they were not delisted, they could go short or long and make a fortune, so they could cause trouble. But now, forget it, Pacific Rim is already a proper Wall Street Three. One of the giants, and that strong woman has become one of the most powerful women on Wall Street, even in North America, and even in the world.

Now, the Pacific Rim Group, which owns a large number of priority claims, has begun to receive compensation first. The Lehman bankruptcy committee is quarreling and has a lot of discussions on carve-up...no, compensation matters. Lehman's core assets, many parties Creditors refused to budge.

Finally, Fang began to divide Lehman's estate according to the proportion of priority debt held.

As the saying goes, when a whale falls, everything comes into being.

Those who owned a large amount of priority debt did not expect that Pacific Rim Group, which ranked third and actually surpassed the top two, would actually appear here, catching them off guard.

Just after everyone had divided the cake, another financial institution exploded.

The one who fell this time was Merlin. This investment bank invested in the US$700 billion stabilization fund led by the Federal Reserve. Merlin, who had just survived the crisis of life and death, suddenly exploded.

It turns out that Merlin's CDS exploded. In the original time and space, this investment bank escaped this disaster. However, one bank suddenly exploded and filed for bankruptcy. When the founder was apologizing, he suddenly committed suicide with a gun. The subject matter suddenly disappeared.

As soon as this news came out, Merlin, who was still improving, collapsed. This time, he needed US$300 billion to US$500 billion to tide over the difficulties, but no one was willing to take action.

Not only this one, but another bank was also in trouble. This bank was also closely related to Merlin Investment Bank. The person in charge of this bank did not commit suicide. He silently confessed and admitted that he had eaten on CDS. Big loss.

The successive thunderstorms pointed the finger at the investment bank Belden, because their investigation found that Belden was the other party to the CDS of these two banks. For a time, the news that Belden was the mastermind behind the scenes spread throughout North America.

There are also some CDS in Pacific Rim that Belden is betting against, and other financial institutions have also exposed such things.

In Li Bu's words, if you use 20 billion U.S. dollars to throw the blame away, you will make a profit.

More and more CDs like this are being exposed, and Belden has now reached the point where thousands of people are criticizing him, just when everyone is crusading against Belden.

Belden's spokesman announced: "Everything we did complied with federal law and should not be criticized. No one forced them to sign these contracts in the first place."

When an avalanche occurs, no snowflake believes that he is the one who caused the avalanche; similarly, no one is willing to believe that he is the one who caused the crisis.

Now that we have someone to take the blame for, and such a good person to take the blame for, who will die if you don't?

The federal government launched an investigation into this investment bank. It was a good thing that it was not investigated. Once the investigation was carried out, a bigger problem was discovered. There were a large number of insider transactions with other small and medium-sized investment banks. There were many insider transactions and they could be traced back to recent times. 30 years.

Belden was investigated, and a newspaper revealed that Belden had a large number of insider transactions, and these insider transactions were widely implicated.

Even the current head of the group doesn't know about some of them. The group is so big that the person in charge cannot control it. Of course he doesn't know these things.

But if there are too many of these things, problems will arise.The original stock price fell to dozens of cents in an instant.

Just when there was a lot of commotion outside, the Human-Machine Headquarters issued an order to acquire something. Accepting it as soon as it is good is the basic quality of a good trader. Greed often does not lead to good results.

When each piece of data was released, everyone knew that Merlin was doomed.

Which investment bank has no insider trading?

I'm afraid it will be impossible for the federal government to recover the rescue funds. These funds have already been paid out as compensation.

Three major investment banks collapsed within a few days, causing Wall Street to tremble and panic. A large number of stocks were sold because everyone wanted to destroy the evidence. A large number of financial institutions were liquidated. At one time, nearly half of small and medium-sized financial institutions Announced withdrawal.

Then, another major bank announced that it had filed for bankruptcy protection.

Within this week, the financial tsunami broke out and swept across the world in an instant. Global stock markets fell for a week in a row. Mainland stock markets suffered the smallest decline, with a drop of 44.3% in a week, nearly halved.

The Hong Kong stock market fell by 70% this week; the Tokyo stock market fell by as much as 63.87%; and the Peninsula stock market fell by as much as 77.32%.

The global stock market was miserable. These data were spread around the world, and then it was discovered that the mainland stock market had the least decline and attracted global attention.

"What's going on with the stock market over there? Is it the least affected?"

In a small classroom at Harvard, an economics professor and his students were discussing the impact of the global turmoil and financial tsunami on various countries from Monday to Friday this week.

They expressed surprise at the minimal decline in mainland stock markets.

An international student from the East has the most say.

"Professor, you may not understand our national conditions. We have unique (special or special) securities trading rules..." Then he began to talk about the trading rules of China A's main board.

Listening to the people in this small classroom being stunned for a moment, the professor said: "If, I mean if, these restrictions are relaxed, will your stock market disappear?"

This left the overseas student from Dongfang speechless, but he immediately said: "We have an invisible hand there that will regulate it and protect the interests of the people."

After hearing this, the professor raised his hand, gave him a thumbs up, and said two words, "Awesome!"

At the beginning of the second week, another news came from Wall Street that another large financial institution might go bankrupt.

When the news came, a large number of selling swarmed in, and a larger and deeper decline occurred.

Some financial tycoons now regret it to death. Why didn't they prepare enough money to acquire these stocks at cabbage prices?Just as they were sighing, the global market, except for the two markets of Big A and India III, saw a large number of transactions, and those stocks that were sold were purchased in large quantities.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like