Hyogo Prefecture, Hyogo Bank Head Office.

For the duty of the investigation, the young Hiroshi Watanabe checked the bank accounts routinely.

Matsushimaoka, an ordinary employee of the Otto Manufacturing Department, bought a real estate owned by Yamato Housing Industry in Hyogo Prefecture with a mortgage loan in 1985, with a total loan of 40 million, which was paid off in 30 years. In March 1987, I applied for a mortgage loan of 50 million yen to purchase a house. In November of the same year, Matsushima once again pledged to buy a new house to apply for a loan. The total amount of the loan was 100 million, and the purpose was to buy a house.

Ryotaro Sakaguchi, President of the Hirayama Co., Ltd., is mainly engaged in the production of daily necessities with good assets. In 1984, he applied for a 500 million yen loan to buy a villa in Chuo-ku, Tokyo, and repaid it in 40 years. In 1988, after only four years of loan repayment, he applied for a 200 million yen loan again...

...

Buy a house with a loan, buy a house with a house loan, and then buy a house with a loan. By any standard, these numbers are shocking. From a risk perspective, banks should not approve these loans at all, but as a result, all loans are approved.

The more I read, the more shocked Watanabe Hiroshi felt.

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

Affected by the decline in housing prices, many people who used mortgages to support their houses had no choice but to have overdue loans. Large amounts of non-performing assets were concentrated in banks. On the market, housing sales dropped to a freezing point. These mortgage assets could not be sold, and they immediately became Bad debts.

A kind of fear pervades Watanabe Hiroshi's heart. If other banks are the same as Hyogo Bank, then...

Outside the gate of Hyogo Bank.

Dense crowds blocked the water in the bank.

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

Etiquette and humility are all let go when wealth may be wiped out.

The gate of the bank has long been smashed, and the security can only line up a wall to block people in front of the counter.

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

Fortunately, a middle-aged man squeezed in front was squeezed to the counter, and he shouted with the passbook in his hand.

"Withdraw money, take out all my money."

"Wait? I waited from the morning until now, you told me to wait. Is your bank out of money?"

At the third window of the counter, a thirty-year-old youth roared with his passbook in his hand.

Hearing the news that Hyogo Bank was temporarily suspended due to financial problems, he came to the bank early to line up to withdraw money, and finally waited until now, 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 terrified the staff who handled the business at the counter. He had just graduated to work and he had never experienced a bank run.

Facing the almost cannibalistic eyes of the depositors, the young staff cried and pleaded.

"Sumi Masai! Sumi Masai!"

Unfortunately, no one accepts the apology of the young staff for sure.

"We want to withdraw money!"

"Call your president, we want to withdraw money."

"Baga! Money. We want to withdraw money."

"..."

Affected by the downturn in housing prices, Binku Bank was investigated by the Banking Bureau due to financial problems, and runs on major branches occurred at the same time.

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

Tokyo, Stock Exchange.

The screen full of green numbers makes people feel cold, and a pair of dumb eyes, in addition to staring at those numbers, there are only sluggishness and death.

Thousand shares limit!

The second department of the Eastern Stock Exchange.

Bank stocks have been hit hard, with more than thirteen bank stocks dropping their limit, all housing listed companies, and banking and real estate-related stocks also plummeting.

The first section of the East Stock Exchange was also not immune.

More than six bank stocks fell their 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.

Loss Insurance Holdings plunged 28%, and 30 million shares sold orders were firmly sealed.

The money is gone.

Watching the wealth that I have earned throughout my life continue to turn into ashes, pain, and cutting a few pounds of meat from my body may not necessarily cause such pain.

The pain makes people desperate, and the pain makes people confused.

Atsushi Watanabe stared at a stock on the screen blankly.

Haysaka Housing Construction, whose market value was once located in Tokyo's third largest real estate company, 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 Atsushi only felt muddled in his head and couldn't tell the direction.

How can stocks fall.

Why does it limit down.

It’s not very good for everyone to buy price increases together to make money. It’s good for everyone to make a fortune when a motorcycle becomes a small car.

Why, motorcycles have become mountain bikes.

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

Thinking of the embezzled funds being discovered, Watanabe Atsushi was filled with despair. With a deficit of 1.2 billion, he couldn't fill it even if he sold a house.

Why is this happening?

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

"Wine indulges repeatedly

When did I numb my depression

Everything that has passed will calm down

Can't break through the wall

I can't see the way forward

......"

Osaka, the first capital.

The low and sad music of "Gray Track" echoed in the office. Following the music, someone was shouting a paragraph of lyrics.

The voice of a broken gong, like a male duck calling.

The sorrow and lowness were not sung, making people want to cover their ears inexplicably.

William did not dare to cover his ears, but he dared to slander in his heart.

At the opening in the afternoon, under the impact of the news of the Hyogo Bank run, the TOPEX plunged rapidly, breaking through 19, 18, and falling to 17,888 points, a sharp drop of 2,200 points.

Then... there is no more.

Shen Jiannan turned on the speaker and sang here.

William knew well the virtues of his own boss, and he was really gloating.

Otherwise, how could a very deep song have a cheerful taste.

"There are those struggles and forced

Follow the grey track

The shadow of the abyss

I have been sad and regretful on my back

But your eyes are full of tears right now

......"

Finally, William couldn't stand the sound of a duck, so he had to remind him euphemistically.

"Boss. Can you change that to a separate song."

Shen Jiannan didn't say anything, and glanced at the large screen in the distance.

17888.88.

Quite auspicious number, but it is a little greener.

Then, change a song.

Picking up the record in the phonograph, changing it at will, the impassioned melody rang.

"Hallelujah!

Hallelujah!

Athletes run up!

......"

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

Aside, William was speechless.

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

People are dying every day, can you express a moment of silence. No, Hallelujah, just pray!

Defeated by his own logic, William shivered.

Staying with neurosis for a long time, is it contagious?

"Build our country."

"Boss. There was news in the afternoon that the Securities Bureau might rescue the market. Should we lighten our positions!"

"Hallelujah!"

"Boss!"

"..."

Suddenly interrupted by William, Shen Jiannan couldn't get into the resonance with the melody, so he turned off the phonograph and rolled his eyes.

Taking out the cigarette point, taking a sip, Shen Jiannan asked sarcastically.

"The Securities Bureau rescued the market?"

"William. Have you seen the Neon Securities Law?"

William looked dumbfounded.

"what?"

"According to the Neon Securities Law, naked short selling is prohibited."

William was even more confused.

Shen Jiannan found a superiority in IQ from William's stupid force, and spit out smoke rings before this guy continued to laugh.

"In the neon securities market, due to foreign investment restrictions, the proportion of foreign capital does not exceed five percent. As for hedge funds, you may not know that the understanding of hedge funds by neon people is the same as that of domestic people regarding insurance."

"The tax rate for private equity ~lightnovelpub.net~ in Neon is 50%. So there is no private equity in Neon at all."

"Since naked short selling is prohibited, foreign investors don't have much bargaining chips, and there is no private equity, then who is selling short now?"

Us!

William wanted to say so, but couldn't export it.

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

If the TOPIX rises, the futures market cannot go against the general trend and affect the price of the TOPIX. With the market value of hundreds of trillions of the TOPIX, the futures market is just a drop in the ocean.

So who is selling short?

Suddenly, William was agitated, and the chill that was not in the winter cold penetrated into his bones.