Rebirth of the Financial Crisis Sweeping the World

I looked at the time and saw that it was only 9:50 pm.

Washington Mutual's stock was reduced to scrap.

It drove U.S. bank stocks down tonight!

Huang Shaokai couldn't help but sigh: All U.S. bank stocks fell tonight.

Wang Guanxi smiled and said: That's natural. I will fall even harder in the future.

This time, the U.S. government’s $700 billion financial aid plan was blocked in Congress and the U.S.’s largest savings bank, Washington Mutual Bank, collapsed. Investors are worried that if negotiations between the government and Congress on a large-scale aid plan fail, the credit market will tighten. If it worsens further, the losses of the banking industry's subprime mortgage and other loan businesses will further expand.

The collapse of Washington Mutual Bank made the U.S. banking industry even worse.

Under heavy fog, the stock price of Wachovia, the fourth largest bank in the United States, plunged 27% to close at $10 per share. National City Bank's stock price also fell 25.6%, falling to $3.71 per share.

At present, although Wachovia and National City Bank still have some profitable businesses, investors are more concerned about the vulnerabilities of their home mortgage-related businesses.

For Wachovia, investors are most worried about its approximately $122 billion in adjustable-rate home mortgages.

The bank's chief executive, Robert Steele, described this part of the loan as tricky.

In early August, the bank's filing with the U.S. Securities and Exchange Commission showed that it had raised its second-quarter loss to $9.11 billion as the housing market continued to deteriorate.

Recently, Wachovia Bank is in preliminary discussions with Citigroup, Spanish International Bank and Wells Fargo on merger matters.

At the same time, National City Bank is trying to reduce the size of its subprime mortgage, home construction loan and other related loan portfolios. This part of the loan currently accounts for about 15% of the bank's total loans. Previously, affected by the subprime mortgage crisis, the bank had announced layoff plans.

Wall Street Journal: Bank of America has collapsed this year

Currently, 13 banks in the United States have gone bankrupt.

Everyone can't help but wonder, which bank's turn will go bankrupt next?

Wachovia Bank, National City Bank, without exception.

A lot of shorts tonight were shorting Wachovia Bank and National City Bank.

Of course, basically most bank stocks are shorted.

Bank of America Corp. fell 7%.

Wells Fargo fell 3%

Citibank fell 1.6% to US$180.00 per share. Wang Guanxi’s Fund No. 2 shorted 5 million shares, building a position at US$213 per share, with a floating profit of US$165 million.

The stock price of American International Group fell from US$39 to US$35 per share, a decrease of 10.29%. Blackshirt Insurance Company shorted 5 million shares, with a position of US$388 per share, and a floating profit of US$1.765 billion.

Zhang Dexi said: Tonight the stock price of American International Group fell to 35 US dollars per share, then the Indians are probably becoming more and more frightened.

Wu Zhankun also said: Why doesn't this Indian call tonight to kneel down and negotiate?

Hong Tianwen, who had previously formed a good relationship with a financial group, called and negotiated, but was rejected.

Wang Juehao said with a smile: I think the Indians are getting too close to bear it anymore.

Bai Weiqiang also smiled and said: Yes, there is panic in the market now, and now the US$700 billion bailout plan has encountered resistance again, and it might be difficult to give birth.

At this time, the stock market started to rebound!

Because the US$700 billion bailout plan is under intense negotiation and is really expected to be passed!

Bank stocks and financial stocks rebounded across the board!

Citibank, Bank of America Corporation, Wachovia Bank, Wells Fargo, National City Bank, East West Bank, Silicon Valley Bank, Huntington Bank, Goldman Sachs, Morgan Stanley, HSBC Bank of America, Royal Bank of Canada·Morgan Bank all surged, and even the U.S. The share price of International Group is no exception!

It rose directly for 1 hour!

It's heartening!

Stock market reverses!

Wang Guanxi’s Fund No. 2 shorted Citibank.

He and Blackshirt Insurance Company shorted AIG Group and lost some profits on their books.

Just when everyone thought the U.S. stock market was going to continue its carnival, breaking news came.

[U.S. Treasury Secretary Paulson begs the House Speaker to support the $700 billion bailout plan]

Because the $700 billion bailout plan is in fierce negotiations!

U.S. Treasury Secretary Paulson also joined the negotiations, which lasted until 11:30 p.m. The focus of the debate was still that the rescue plan would cost taxpayers a lot of money and the federal government's intervention in private business.

After a heated argument, the negotiations ended.

In the Roosevelt Room, U.S. Treasury Secretary Paulson knelt in front of House Speaker Nancy Pelosi, hoping that she would not withdraw her support for the bill.

I didn't know you were Catholic, Pelosi said. What I want to tell you is that it's not me, it's the Republicans who are blocking passage of the financial rescue package.

Paulson sighed: I know, I know.

Then U.S. stocks fell again.

The stock market reversed for the second time tonight!

All bank stocks and financial stocks all turned around and plummeted rapidly!

Citibank's stock price fell from $198 to $180 per share.

The share price of AIG Group fell from US$45 to US$30.

Wachovia's stock price fell below $10 per share and fell to $8 per share on the U.S. stock market.

National City Bank falls below $3.50 per share!

····

The U.S. stock market reversed twice tonight, killing many retail investors.

Paralyzed, what's going on?

Fuck, my account has changed from floating profit to floating loss again.

Will this US$700 billion bailout plan be passed?

Oh, this is really full of twists and turns.

When will it pass?

Shouldn't it be put on hold forever?

Fuck, the stock market will continue to crash like this, it's my money!

···

At the Blackshirt Investment Bank headquarters, everyone's mood was like a roller coaster.

At this time, Huang Shaokai's phone rang. When he took it over and looked at it, he found that it was Sandeep Batra, Asia Pacific President of Industrial Trust and Investment Bank of India.

He couldn't help laughing: Haha, this Indian can't hold it anymore, he must be here to negotiate with us.

When the stock market plummeted before, Indians did not call to negotiate because the $700 billion bailout plan was being negotiated fiercely. Everyone was waiting for the results. As a result, the negotiations failed, and the stock market reversed again, turning around and plummeting. The Indians couldn't help it. Come to negotiate.

Zhang Dexi laughed and said, This Indian is really cheap!

Wang Juehao also said: It's stupid. If they had called to negotiate before, or the price of US$38 per share, everyone could have negotiated.

Bai Weiqiang also laughed and said: Now the AIG Group's stock price has dropped to 30.00 US dollars per share. Now let's negotiate. It is estimated that we agreed to the settlement price of 20 US dollars per share, haha.

Wang Guanxi smiled and said: Let's get through it and see what the Indians want to talk about!

Yes, boss Huang Shaokai answered Sandeep Batra's call. As an old friend, Huang Shaokai asked directly: Dear Mr. Sandeep Batra, why are you calling so late?

On the phone, Sandeep Batra suddenly got goosebumps when he heard Huang Shaokai's disgusting words. He secretly scolded this guy for being shameless and eating people without spitting out their bones. Then he said, Mr. Huang, we hope to Please have a good talk about the AIG Group.”

Huang Shaokai asked: Speak, we will listen.

Then Huang Shaokai turned on the loudspeaker of his mobile phone.

On the phone, Sandeep Batra said: Mr. Huang, how is the settlement of our US stock price of US$30?

Now Sandeep Batra regrets it. There was a negotiation before, and it was said that the settlement was US$50 per share. He, Nehru and Ratan Tata did not agree. Now the settlement is US$30 per share. It's really frustrating.

At this time Wang Guanxi stretched out two fingers, so Huang Shaokai said: Mr. Ratan Tata, settle at US$20 per share!

Sandeep Batra suddenly became furious and cursed the black-shirted insurance company in his heart, but he said in a knee-jerk tone: Mr. Huang, the current settlement price of US$30 per share is already very suitable. You guys Blackshirt Insurance Company has made so much money, so it doesn’t care about the $10 difference, right?”

We Industrial Trust and Investment Bank of India, India Pension Fund, and Tata Group are all in very difficult times recently. You should show kindness.

May the Buddha bless you, and may you have a compassionate heart.

Blackshirt Insurance Company shorted 5 million shares of AIG Group. The price difference of 10 US dollars is 50 million US dollars!

However, if he can get an extra 50 million US dollars by kneeling and licking, he is still willing to do it, and let the black shirt insurance company repay it ten times in the future!

The Indian man kneeled down and licked her like this, which made the executive directors of the black-shirted insurance company happy.

Wang Guanxi also didn't expect that Sandeep Batra would be so humble and paralyzed. It was really unbelievable!

That day when we were eating beef brisket noodles at a brisket restaurant, Sandeep Batra threw 50,000 Hong Kong dollars on Wang Guanxi's table and asked Wang Guanxi to go out to eat. That was such a show-off, so awesome, now it's fucking awesome Just like my grandson!

Zhang Dexi, Wu Zhankun, Wang Juehao, Bai Weiqiang, Huang Shaokai and others also looked at the boss, waiting for him to make a decision.

Wang Guanxi thought about the episode when he was being coaxed by Sandeep Batra at the beef brisket noodle shop. At that time, although Wang Guanxi threw money at him, splashed him with beef brisket powder, and slapped him in the face with the Rolls-Royce Head of State extended version bulletproof car. , but this is a price difference of 50 million US dollars. You can't give 50 million US dollars to the Indians and continue to use money to show off, right?

So Wang Guanxi said: Just $20 per share, give them two days to think about it.

Then Huang Shaokai said to Sandeep Batra on the phone: Mr. Sandeep Batra, I will give you two days to consider the settlement at US$20 per share and get back to us next Monday!

Sandeep Batra on the phone suddenly became furious and felt so aggrieved that he hung up the phone angrily.

Sandeep Batra also smashed his mobile phone on the ground and cursed: Son of a bitch, grandson, garbage, Chinese people who are like shit!

Nehru on the side also cursed: These Chinese people are really fucking bastards. They are so shameless and paralyzed. Sooner or later they will kneel on the ground and beg us!

Although Ratan Tata, the heir to the Indian Tata conglomerate, was angry, he became unexpectedly silent and didn't know what he was thinking.

At the Black Shirt Insurance Company, everyone was drinking evening tea.

At this time, Huang Shaokai's phone rang again. When he opened it, he saw that it was Hong Tianwen, the chairman of Jiehao Financial Group, calling. He was happy.

Unexpectedly, Hong Tianwen actually called.

He said to Wang Guanxi: Boss, Hong Tianwen called. He must want to negotiate with us!

This time Washington Mutual Bank went bankrupt, and Hong Tianwen's Jie Hao Financial Group was completely finished.

Zhang Dexi's phone also rang. It was Yuan Kang, the executive director of Aeon Credit Company.

Wu Zhankun's phone also rang. After looking at the phone, he said excitedly: Boss, there is a call from Lin Yongfu, the chairman of Dafu Securities Company. Do you want to answer the call?

Now Lin Yongfu from Taifuku Securities is calling. He probably wants to negotiate with them, settle according to the market price, and let the black shirt hedge funds close the short orders in Taifuku Securities. But how is this possible?

Lu Jianyan was too lazy to take it because he wanted to wait until Dafu Securities went bankrupt. After all, Dafu Securities couldn't hold on for many more days.

Wang Juehao's phone also rang. It was Yang Fenglong, the executive director of Yinghuang Hotel Group.

Yinghuang Hotel Group also holds 50 million shares of Jiehao Financial Group and wants to settle at the same price.

Bai Weiqiang's phone also rang. It was someone from the Luo family who wanted to negotiate!

At this time, Wang Guanxi said: Everything will be discounted by 60% according to the market price. Give them two days to consider!

Yes, boss. The guys immediately got on the phone and started talking to each other.

But the conditions of Black Shirt Insurance were unacceptable to the other party!

Especially 'We only give you two days to think about it', which deeply hurts the other party's heart and makes them feel humiliated.

However, they did not fall out, saying that they would consider the Blackshirt Insurance Company's proposal. They seemed to be expecting the US$700 billion bailout plan to be passed, and then the global stock market would surge, and then they would negotiate with the Blackshirt Insurance Company!

Boss, these guys probably want to wait for the stock market to pick up.

Yes, when the stock market rebounded, they came to negotiate with us again.

Fuck, these grandsons won't cry until they see the coffin!

They are just waiting for global stock markets to skyrocket!

Wang Guanxi understood this very well, smiled, and then said to everyone: Now the stock prices of the Hong Alliance, Huang Family Group, and Zheng Family Group have basically collapsed, especially Jiehao Financial Group, Dafu Securities Company, and Aeon Credit The company and the Luo family are about to go bankrupt. Call these people now and tell them that Black Shirt Insurance Company can provide them with financing. If you want to avoid bankruptcy, you'd better agree to our conditions, otherwise you'll be waiting for bankruptcy. Bar!

The so-called ‘these people’ naturally do not include the Huang Consortium and the Zheng Consortium!

Yes, boss! Everyone called.

However, the other party's surprise was that they all rejected Black Shirt Insurance Company's financing, apparently unwilling to hand over control of the company.

Wang Guanxi shook his head: These guys really won't shed tears until they see the coffin. When the market value is even lower and the company faces bankruptcy, if you come to us again, it won't be at this price now! Mobile phone users are optimistic about the subprime mortgage crisis. Please browse before sweeping the world for a better user experience.