Rebirth of the Financial Overlord

Hyogo Prefecture, Hyogo Bank Headquarters.

In charge of the investigation, the young Haosi Watanabe routinely flipped through the bank accounts.

Matsushima Oka, an ordinary employee of the Otude Manufacturing Department, bought a real estate under Daiwa House Industry in Hyogo Prefecture with a mortgage loan in 1985. The total loan amount was 40 million, which was paid off in 30 years. In March 1987, I applied for a housing mortgage loan and applied for a loan of 50 million yen for the purpose of purchasing a house. In November of the same year, Matsushimaoka pledged again to apply for a loan for a new house, with a total loan amount of 100 million for the purpose of purchasing a house.

Ryotaro Sakaguchi, the president of Heisen Co., Ltd., is mainly engaged in the production of daily necessities and has good assets. In 1984, he applied for a loan of 500 million yen to purchase a villa in the central district of Tokyo, which was repaid in installments of 40 years. In 1988, when the loan was repaid for only four years, he applied for a loan of 200 million yen again.

Buy a house with a loan, take a loan with a house, and buy a house with a loan. By any standard, the numbers are staggering. From the perspective of risk, the bank should not have approved these loans at all, but in the end, all loans were approved.

The more he read, the more shocked Watanabe Hiroshi became.

He finally understood how Hyogo Bank's 2.3 trillion bad debts came from.

Affected by the decline in house prices, many people who used loans to support their houses had no choice but to overdue their loans. A large amount of non-performing assets were concentrated in banks. In the market, house sales dropped to freezing point. These mortgaged assets could not be sold, and immediately became bad debts.

A kind of fear permeates Haosi Watanabe's heart. If other banks are like Hyogo Bank, then...

Hyogo Bank outside the bank gate.

The dense crowd blocked the bank.

There are business owners, housewives, market vendors, and white-collar workers who have heard the news and asked for leave. All of them rushed to the gate of Hyogo Bank like crazy.

Etiquette, modesty, all put down under the circumstances that wealth may be wiped out.

The gate of the bank had already been smashed, and the security guards could only form a wall to block people in front of the counter.

To withdraw money, all people have only one purpose, to withdraw money.

A middle-aged man who was at the front was lucky enough to be squeezed to the counter, holding the passbook in his hand and shouting.

Withdraw money, take all my money out.

Wait? I've been waiting since morning, and you asked me to wait. Is your bank out of money?

At the third window of the counter, a 30-year-old youth roared angrily while shaking the passbook in his hand.

Hearing the news that Hyogo Bank was temporarily suspended due to financial problems, he came to the bank early to queue up to withdraw money, and finally waited until now, but the bank actually told him to wait.

Explain what?

Hyogo Bank is out of money.

Is your bank out of money?

Definitely is.

The bank is out of money.

.

The hideous faces frightened the staff handling the business at the counter. He had just graduated and came to work, and he had never experienced a bank run.

Facing the almost cannibal eyes of the depositors, the young staff cried and begged.

Sumi Masai! Sumi Masai!

It is a pity that no one accepted the young staff's apology for sure.

We want to withdraw money!

Call your president, we want to withdraw money.

Baga! Where's the money? We want to withdraw money.

.

Affected by the decline in housing prices, Binku Bank was investigated by the Banking Bureau due to financial problems, and all major branches were simultaneously run on.

When the news reaches the market, the impact on the market can be imagined.

Tokyo, Stock Exchange.

The green numbers on the screen make people feel cold, and the pair of blank eyes, apart from staring blankly at those numbers, there is only dullness and despair.

Thousand shares limit down!

The Second Division of the Eastern Stock Exchange.

Bank stocks were hit hard. More than thirteen bank stocks fell by the limit, and all listed housing companies fell by the limit. Individual stocks related to banks and real estate also plummeted.

The Tokyo Stock Exchange was also not spared.

More than six bank stocks fell by the limit, and companies involved in the banking and housing manufacturing industries all suffered huge sell-offs.

In addition, major insurance companies have also been hit hard.

Sompo Holdings plummeted 28%, and the sell order for 30 million shares firmly sealed the limit down.

Money, gone.

It hurts to watch the wealth that I have worked so hard to earn turn into flying ashes, even cutting off a few catties of flesh from my body may not be so painful.

The pain makes people despair, the pain makes people confused.

Toshiro Watanabe stared blankly at a stock on the screen, his mind went blank.

Hayasaka House Construction was once the third largest real estate company in Tokyo by market value, and its performance is booming.

But now, its market value has shrunk by more than 60%.

Just over a month.

To be precise, there are less than ten trading days.

Watanabe Toshiro only felt that his head was muddled and he couldn't tell the direction.

How can stocks fall.

Why is it down.

It is not very good for everyone to buy together to increase the price and make money. Motorcycles become small cars, everyone will get rich.

Why, the motorcycle has become a mountain bike.

Now, his 2 billion has shrunk to only 800 million, how can he explain to the company!

Thinking of the discovery of the embezzled funds, Watanabe Toshiro was filled with despair. Even if he sells the house, he can't make up for the shortfall of 1.2 billion.

why?

No one can give the answer, only the green screen is full of tears tearing the wound again and again.

Wine again and again

when to anesthetize my depression

the past will subside

can't break through walls

Can't see the way ahead

Osaka, Capital One.

The low and sad music of Grey Tracks reverberated in the office, following the music, someone was roaring out some lyrics.

The broken gong sounded like a male duck quacking.

Sadness and depression are not sung, making people want to cover their ears inexplicably.

William didn't dare to cover his ears, but he still dared to slander him in his heart.

As soon as the market opened in the afternoon, under the impact of the news of the bank run in Hyogo, the Topix plunged rapidly, quickly breaking through 19,000 and 18,000, and fell to 17,888 points, a sharp drop of 2,200 points.

Then there is no more.

Shen Jiannan turned on the stereo and sang a song here.

William knew very well about his boss's virtues, so he was obviously gloating.

Otherwise, how can a song that is obviously very deep have a cheerful flavor.

Again those struggles and forced

Follow the gray trail

full of shadows of the abyss

I have been burdened with regrets and regrets

your eyes are full of tears

Finally, William couldn't bear the squawking like a duck, so he had to remind him tactfully.

BOSS. Can you change to another song?

Shen Jiannan didn't make a sound, and glanced at the big screen in the distance.

17888.88.

It's an auspicious number, but it's just a little bit greener.

Then, another song.

Picking up the record in the gramophone and changing it casually, the impassioned melody sounded.

Hallelujah!

Hallelujah!

Athletes run up the pace!

Like a flying butterfly, Shen Jiannan flapped his wings and danced to the melody.

On the side, William was deeply speechless.

Many times, he couldn't understand the neuroticism of his boss.

People are dying every day, can you express your silent condolences? No, hallelujah, just pray!

Defeated by his own logic, William shuddered.

Is it contagious if I stay with neuropathy for a long time?

Building our country.

Boss. There is news in the afternoon that the Securities Bureau may rescue the market. Should we reduce our positions!

Hallelujah!

BOSS!

.

Being interrupted continuously by William, Shen Jiannan couldn't get into the resonance with the melody, so he had to turn off the phonograph and rolled his eyes.

Taking out the cigarette, lighting it up, and taking a puff, Shen Jiannan asked sarcastically.

The Securities Bureau bailed out the market?

William. Have you read the Neon Securities Act?

William was dumbfounded.

What?

Under the Neon Securities Act, naked short selling is prohibited.

William was even more confused.

Shen Jiannan found a kind of IQ superiority in William's bewilderment, and after blowing out smoke rings, this guy continued to speak with a smile.

In the Neon securities market, due to foreign investment restrictions, the proportion of foreign capital does not exceed 5%. As for hedge funds, you may not know that Neon people's understanding of hedge funds is the same as domestic people's attitude towards insurance.

As for private placement, the tax rate in Neon is 50%. So there is no private placement in Neon.

Since naked short selling is prohibited, foreign investors have little bargaining chips, and there is no private placement, so who is short selling now?

Us!

William wanted to say that, but couldn't.

Nikkei 225 futures is only a derivative of the market, and it cannot exist without the market itself, so its price fluctuations are calculated following the market composite index.

If the Topix rises, the futures market will not be able to go against the general trend and affect the price of the Topix. With the market value of the Topix in the hundreds of trillions, the futures market is just a drop in the ocean.

So who is selling short?

Suddenly, William shuddered, and a chill that was not even severe in winter penetrated into his bones.