Rebirth of the Financial Crisis Sweeping the World

Chapter 275: 275 The ups and downs of the stock marke

  Chapter 275 275 The ups and downs of the stock market, give you two days to consider (seeking monthly ticket)

  Checked the time, it was 9:50 in the evening.

  Washington Mutual Bank's stock has become waste paper.

  Driven the decline of U.S. bank stocks tonight!

  Huang Shaokai couldn’t help sighing: “Tonight, all US bank stocks are down.”

  Wang Guanxi smiled and said: "That's natural, and I will fall more severely in the future."

This time, as the US government’s $700 billion financial aid program was blocked by Congress and the collapse of the largest savings bank in the United States, Washington Mutual Bank, investors worried that if negotiations between the government and Congress on a large-scale aid program failed, the credit market would be tightened. Deteriorating further, the loss of subprime loans and other lending businesses in the banking industry will further expand.

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

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

  At present, although Midland Bank and National City Bank still have some profitable businesses, investors are more concerned about the loopholes in their mortgage-related businesses.

  For Midland Bank, investors are most worried about its adjustable-rate housing mortgage loans worth about $122 billion.

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

  In early August, the bank submitted documents to the US Securities and Exchange Commission that due to the continued deterioration of the real estate market, the bank had increased its second-quarter loss to 9.11 billion U.S. dollars.

  A few days ago, Midland Bank is in preliminary discussions with Citi, Spanish International Bank and Wells Fargo on merger matters.

  At the same time, the National City Bank of the United States is trying its best to reduce the size of its subprime loans, housing construction loans and other related loan portfolios. At present, this part of the loan accounts for about 15% of the bank's total loans. Previously, affected by the subprime mortgage crisis, the bank has announced a plan to lay off employees.

  Wall Street Journal: Bank of America has fallen a dozen this year

  At present, 13 American banks have gone bankrupt.

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

  Without exception, Midland Bank, National City Bank.

  Many shorts tonight went to short Midland Bank and National City Bank.

  Of course, most bank stocks are basically shorted.

  Bank of America Corporation fell 7%.

  Wells Fargo fell 3%

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

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

   Zhang Dexi said: “AIG’s share price has fallen to $35 per share tonight, and the Indians are estimated to be more and more frightened.”

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

  Hong Tianwen, who had formed a financial conglomerate before, called to kneel and negotiate, but was rejected.

  Wang Juehao smiled and said, "I think Indians will not be able to carry it anymore."

  Bai Weiqiang also smiled: “Yes, panic is permeating the market now, and now the 700 billion US dollar rescue plan has encountered resistance again, and it may be difficult to give birth.”

  At this time, the stock market began to rise!

  Because the 700 billion US dollar rescue plan is under intense negotiation, it is really hopeful that it will be passed!

  Bank stocks and financial stocks rebounded in an all-round way!

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

  I went straight up for 1 hour!

  It is exciting!

  The stock market reverses!

  Wang Guanxi’s No. 2 fund shorted Citibank, and the Black Shirt Insurance Company shorted AIG Group, and there was a little profit on the book.

   Just when everyone thought that the US stock market was going to continue the carnival, the breaking news came.

  【U.S. Treasury Secretary Paulson begged the female Speaker of the House of Representatives to support the 700 billion US dollar rescue plan】

  Because of the 700 billion US dollars rescue plan in fierce negotiations!

  And U.S. Treasury Secretary Paulson also joined the negotiations. The negotiations continued until 11:30 in the evening. The focus of the debate is still that the rescue plan will cost a lot of taxpayer money and the federal government’s intervention in private business.

  After a fierce quarrel, the negotiation is over.

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

  Pelosi said: "I didn't know you were a Catholic. What I want to tell you is that it is not me, but the Republican Party that is preventing the passage of the financial rescue plan."

  Paulson sighed: "I know, I know."

  Then the U.S. stock market fell again.

  The stock market reversed for the second time tonight!

  All banking stocks and financial stocks all turned around and plummeted quickly!

  Citibank’s stock price fell from 198 US dollars per share to 180 US dollars per share.

  AIG Group’s share price fell from US$45 to US$30.

  The stock price of Midland Bank fell below US$10 and fell to US$8 per share.

  National City Bank fell below $3.50 per share!

  ····

  The US stock market reversed twice tonight. I don’t know how many retail investors were killed.

   "I'm paralyzed, what's the matter?"

  "Grass, Laozi's account has changed from floating profit to floating loss again"

   "Can the 700 billion dollar rescue plan be passed?"

   "Oh, this is really a twists and turns"

  "When will it pass?"

   "Should it be shelved forever?"

   "Grass, so that the stock market will continue to crash, my money!"

  ···

  Blackshirt Investment Bank headquarters, everyone's mood is like a roller coaster.

  At this time, Huang Shao's phone rang, and when he took it over, he found that it was the president of the Indian Industrial Trust and Investment Bank Asia Pacific, Sundeep Batra.

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

When the stock market crashed before, Indians did not call to negotiate, because the 700 billion US dollar rescue plan was being negotiated fiercely. Everyone was waiting for the result. The negotiation turned out to be fruitless. The stock market reversed again and the U-turn plummeted. This Indian couldn't help but Come to negotiate.

  Zhang Dexi smiled; "This Indian is really cheap!"

  Wang Juehao also said: “I’m paralyzed, if they called to negotiate before, or the price of 38 US dollars per share, everyone can negotiate.”

  Bai Weiqiang also smiled and said: “Now AIG Group’s share price has fallen to US$30.00 per share, and now we are negotiating. We only agreed with the estimated settlement price of US$20 per share, haha”

  Wang Guanxi smiled and said, "Connect, see what the Indians want to talk about!"

  "Yes, BOSS" Huang Shaokai connected Sundeep Batra's phone. As an old friend, Huang Shaokai asked directly: "Dear Mr. Sundeep Batra, what can I do if I call so late?"

Listening to Huang Shaokai’s numbing words on the phone, Sundeep Batra suddenly got goosebumps and scolded the servant for shame, eating people without spitting out bones, and then he said: "Mr. Huang, we hope to talk You guys have a good talk about the AIG Group’s affairs"

  Huang Shaokai asked: "Let’s talk, let’s listen."

   Then Huang Shaokai turned on the phone's amplification.

   On the phone, Sandeep Batra said: "Mr. Huang, how is the price of our 30 US stocks settled?"

Now Sundup Batra regrets it. He negotiated once before. At that time, he said that it was settled at 50 dollars per share. He, Nehru and Ratan Tata did not agree, and now TM is settled at 30 dollars per share. It's really frustrating.

  At this time, Wang Guanxi stretched out two fingers, so Huang Shao opened his mouth: "Mr. Ratan Tata, 20 dollars per share!’

Sundeep Bartra was furious, and he scolded the gangsters of the Blackshirt Insurance Company in his heart, but said in a kneeling tone; "Mr. Huang, the settlement price of 30 US dollars per share is very suitable now, you guys. The black shirt insurance company has made so much money, and doesn’t care about the $10 difference, right?"

   "We, the Indian Industrial Trust and Investment Bank, the Indian Pension Fund, and the Tata Consortium have all been very difficult lately, so please show your kindness."

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

  The black shirt insurance company shorted 5 million shares of AIG Group, and the difference of 10 US dollars, that is 50 million US dollars!

   But if the kneeling lick on his mouth can get an extra 50 million US dollars, he is still willing to do it, and he will repay it ten times by the black shirt insurance company in the future!

  The Indian knelt and licked like this, making the executive directors of the Black Shirt Insurance Company amused.

  Wang Guanxi didn’t expect Sandep Batra to be so low-pitched and paralyzed, it was incredible!

When I was eating sirloin noodles at the sirloin shop that day, Sundeep Batra took out 50,000 Hong Kong dollars and smashed it on Wang Guanxi’s table and asked Wang Guanxi to go out to eat. Same as grandson!

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

Wang Guanxi thought of the plot when he was pretended to be forced by Sandeep Bartra when he was in the beef brisket powder shop. At that time, although Wang Guanxi took money to hit him, splashed him with beef brisket powder, and the Rolls-Royce head of state's extended bullet-proof car hit him in the face. , But this is a difference of 50 million U.S. dollars. Can't give 50 million U.S. dollars to Indians. Continue to use money to pretend to be force?

   So Wang Guanxi opened the mouth and said: "For 20 US dollars per share, give them two days to consider."

   Then Huang Shaokai spoke to Sundeep Batra on the phone and said: "Mr. Sundeep Batra, the settlement is 20 US dollars per share. I will give you two days to think about it. I will reply to us next Monday!"

  Sundep Bartra on the phone suddenly exploded with anger, and his heart was overwhelmed. He hung up the phone in a rage.

  Sundep Batra also smashed his phone on the ground, cursing: "Bad son, grandson, rubbish, shit-like Chinese!"

   and Nehru on the side also cursed; "This Huaxia is a real bastard, shameless and paralyzed. Sooner or later let them kneel on the ground and beg us!"

  Ratan Tata, the heir of an Indian Tata consortium, was angry, but unexpectedly fell silent and didn't know what he was thinking.

  Black Shirt Insurance Company, everyone is drinking evening tea.

  At this time, Huang Shao's phone rang again, and when he opened it, it was Hong Tianwen, the chairman of the Ji Hao Financial Group, who called. He was happy.

  I didn't expect Hong Tianwen to call.

  He said to Wang Guanxi: "Boss, Hong Tianwen has called, and he definitely wants to negotiate with us!"

  This time the Washington Mutual Bank went bankrupt, Hong Tianwen’s tie up with the Financial Group was completely over.

   Zhang Dexi’s phone also rang, and it was from Yuan Kang, the executive director of Aeon Credit.

  Wu Zhankun’s phone rang. After looking at the phone, he excitedly said, “BOSS, the call from Lin Yongfu, Chairman of Taifook Securities Company, do you want to answer?”

  Now Lin Yongfu of Taifook Securities Co. is calling. It is estimated that he wants to negotiate with them, settle the settlement according to the market price, and let the black shirt hedge funds close the short list in Taifook Securities Co., but how is this possible?

  Lu Jianyan didn’t bother to take it, because he wanted to wait for Taifook Securities to go bankrupt. After all, the Taifook Securities could not hold on for many days.

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

  Eng Phoenix Hotel Group also holds 50 million shares of Get Good Financial Group, and wants to settle at the same price.

  Bai Weiqiang's phone also rang. It was from a member of the Luo family, who also wanted to negotiate!

  At this time, Wang Guanxi said: “All are discounted by 60% according to the market price. Give them two days to consider!”

  "Yes, BOSS" Ma Zi immediately connected to the phone and talked with each other.

  But the conditions of the black shirt insurance make the other party unacceptable!

  Especially ‘we only give you two days to think about’, it hurts the other person’s heart deeply and feels humiliated.

  However, they did not turn their faces, saying that they would consider the proposal of the black shirt insurance company. They seemed to look forward to the approval of the US$700 billion rescue plan and wait for the global stock market to surge before negotiating with the black shirt insurance company!

   "Boss, they guys probably want to wait for the stock market to pick up"

   "Yes, the stock market is picking up, they will come to negotiate with us again"

   "Grass, these grandsons won't cry without seeing the coffin!"

  "They are just waiting for the global stock market to skyrocket!"

   "Hey, the Indians are daydreaming like the Hong Alliance, the Huang Consortium, and the Zheng Consortium!"

   "Just give them two days!"

  Wang Guanxi understood this very well and smiled.

   Mentioned the Hong Alliance, the Huang Consortium, and the Zheng Consortium, so he opened his mouth to everyone: "Now the Hong Alliance, the Huang Consortium, and the Zheng Consortium’s stock prices have basically collapsed!

  Especially Get Good Financial Group, Taifook Securities Co., Aeon Credit Co., and the Luo family are all going bankrupt.

  You call these people now and tell them that the black shirt insurance company can finance them. If you want not to go bankrupt, you'd better agree to our terms, or just wait for bankruptcy! "

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

  "Yes, BOSS!" Everyone called.

   "President Hong, I will give you two days to consider!"

   "Mr. Lin, you only need two people to think about it"

   "Mr. Luo, two days are already a lot, I hope you think about it!"

    ask for monthly pass

    

   

  (End of this chapter)