213 House arrest in disguised form

Fuld also contacted many banks and funds such as the Korea Development Bank, Barrac Bank, Bank of America, and China Investment.

In any case, Lehman Brothers is also one of the top five investment banks in the United States. Banks and funds have the idea of ​​picking up leaks, hoping to take the opportunity to eat Lehman Brothers. At present, Lehman Brothers’ stock price is hovering between US$10 and US$20 per share. Everyone is very happy to acquire shares in Lehman Brothers at this price or a slightly higher price. For example, Korea Development Bank has invested US$6 billion to acquire Lehman Brothers. 25% condition. However, Fuld's attitude is very tough: "Lehman Brothers is not Bear Stearns."

Buffett’s price of $40 per share was regarded as insulting by Fuld, let alone the Korea Development Bank’s offer? Fuld refuses to buy at a low price. Fuld firmly believes that Lehman Brothers' assets are very good, and all negotiations have been deadlocked because of this: other banks and funds have come to pick up the leaks, but Fuld firmly refuses to cut the meat.

From the beginning of the Yenching Olympics to the end of the Yenching Olympics, Lehman Brothers never found the partner that Fuld wanted.

Of course, the life of the Rose Fund is not easy.

A bunch of government agencies such as the Federal Revenue Service and the Federal Bureau of Investigation are staring at the Rose Fund. If the Rose Fund does not widely absorb celebrity investments, and if the head of the Rose Fund is not Gong Qiuqiu with a special status, the Rose Fund may have been dismantled by non-market economic factors. . Even if Gong Qiuqiu is in charge, the capital flow of the Rose Fund is supervised by the cooperative banks. They do not allow the Rose Fund to cash out funds from the United States, indirectly causing all the Rose Fund’s short-selling profits to remain on paper.

Stepping into September 2008, Fannie Mae and Freddie Mac were deeply drained of liquidity and were helpless in the face of short-term debt that had matured. If the Fed leaves it alone, Fannie Mae and Freddie Mac can only declare bankruptcy, which will lead to the collapse of nearly trillion U.S. dollars in investment by countries around the world, including the Chinese government. Everyone gradually feels that the rain is coming, and even the leader of the US presidential election in 2008 (Barack_Hussein_Obama) also expressed concern in his speech: "If Fannie Mae and Freddie Mac cross, the financial system will Usher in disastrous consequences."

Under pressure from all parties, the U.S. federal government has delayed announcing the takeover of Fannie Mae and Freddie Mac, and the government has invested in taking over the holes dug by the financial giants.

However, the crisis is not over.

Merrill Lynch and Lehman Brothers are also suffering from liquidity exhaustion like Fannie Mae and Freddie Mac.

When Wei Dongsheng contacted Gong Qiuqiu that night, Gong Qiuqiu expressed concern: "The Merrill Lynch and Lehman Brothers contracts we hold should be sold as quickly as possible."

Qualified short sellers must consider the other party's ability to perform the contract before going short, and bet 10 billion US dollars against a small citizen family with a monthly salary of 10,000 yuan. The end will definitely be that they win the bet and get no money. Therefore, the short contracts of the Rose Fund all point to the major Wall Street players. Based on current market prices, the Lehman Brothers debt rose fund is about 2 billion US dollars, and the Merrill Lynch debt rose fund is about 3 billion US dollars.

The overthrow of Bear Stearns has refreshed Gong Qiuqiu’s cognition. She never had a financial turmoil and it was so severe that Merrill Lynch and Lehman Brothers might collapse. She never expected Bear Stearns, Merrill Lynch, and Lehman Brothers to be embarrassed. Can't play the game of gambling.

If Merrill Lynch and Lehman Brothers collapse or are bought at a low price, the US$5 billion debt will also shrink and devalue. The reason why the financial turmoil is getting worse is because Wall Street is full of similar routines. When the market is normal, banks and funds frequently trade with each other, invest in each other, pledge each other, and hold each other's assets. If one of them suffers a large-scale loss or even goes bankrupt, such as Lehman Brothers, other banks and funds previously held Lehman Brothers assets will usher in a substantial depreciation, and its quarterly performance will also suffer huge losses that the capital market cannot tolerate.

In addition, investment banks and hedge funds are very vulnerable.

Taking the Rose Fund as an example, Wei Dongsheng’s original funds and accumulated funds from the realization of Chunqiu Network and Chunqiu Search’s equity accounted for less than one-fifth, and the remaining funds were more from the financial investment of high-end customers such as celebrities from all walks of life in the United States. If the Rose Fund's mismanagement shows signs of low profits or even losses, these customers must be angrily requesting withdrawal. At the same time, Rose Fund needs to pay insurance money and other expenses for the short contract every month. If the client withdraws and empties the liquidity, the Rose Fund cannot pay the insurance money and other expenses for the next month within the set time, and it must be transferred to others in time Hedge funds: If other hedge funds are unwilling to accept it, the short contract suddenly becomes a piece of waste paper, and all the insurance money paid before is fed to the dog.

The Rose Fund did not operate well, and the client asked for withdrawal; Rose Fund lacked liquidity to maintain the contract, and the contract turned into waste paper to bring more shortfalls; the shortfall intensified, and the customers increasingly distrusted the Rose Fund and strongly demanded withdrawal... This is a vicious circle.

A problem occurred in one place and immediately caused numerous chain problems.

Merrill Lynch and Lehman Brothers are caught in a similar vicious circle.

Merrill Lynch and Lehman Brothers are currently very short of money, while their major customers are demanding to withdraw their capital.

Merrill Lynch and Lehman Brothers desperately concealed that the financial situation is very good, but its inability to perform has exposed his weakness and hypocrisy.

Gong Qiuqiu is mentally prepared for the failure of Merrill Lynch and Lehman Brothers to fulfill the contract in full. She is worried about the bankruptcy of Merrill Lynch and Lehman Brothers, but is not afraid of the bankruptcy of Merrill Lynch and Lehman Brothers. Just like the short selling of Indy Mac Bank, in spite of the accident that Indy Mac was suddenly seized by the federal regulatory agency, Gong Qiuqiu still smoothed the account in time.

Without it, Rose Fund entered the market early to sell short, and the fault tolerance rate brought by lower costs was much higher than that of other hedge funds.

Even if Merrill Lynch and Lehman Brothers went bankrupt, they would only make more money or not make money.

Gong Qiuqiu expressed emotion with the recent changes in Wall Street, and he is still in the mood to care about Wei Dongsheng: "I heard that you are under house arrest in Yanjing?"

Wei Dongsheng shrugged: "It's okay!"

Gong Qiuqiu: "Very optimistic?"

Wei Dongsheng smiled and said, "It's not too late to be pessimistic after entering the prison."

Gong Qiuqiu was not joking.

Wei Dongsheng was indeed placed under house arrest in Yanjing.

Wei Dongsheng slowly returned to God after being stranded in Yanjing for a few days. It turned out that the invitation of the cabinet chief was not to appreciate him and reuse him, but a kind of euphemistic form of house arrest. Wei Dongsheng is currently forbidden to leave Yanjing. The reason given by Secretary Wu is that the cabinet chief may meet with Wei Dongsheng at any time. However, since the beginning of the Olympics and the end of the Olympics, the cabinet chief always "has no time" to summon Wei Dongsheng.

When Wei Dongsheng thought of this, he couldn't help but sigh with the cunning politicians.

Looking at the meeting after the opening ceremony of the Olympics, how kind and close the cabinet chief and Wei Dongsheng were when they talked. Who would have thought that after the kind invitation was cold house arrest. Moreover, Wei Dongsheng couldn't explain this way of house arrest. If Wei Dongsheng publicly accused the cabinet chief and assistant of under house arrest in disguised form, public opinion would definitely attack Wei Dongsheng in an uproar: "Who do you think you are! The chief assistant is always busy with everything, busy with this and then, what happened to you after two days?"

The cabinet chief would not admit that Wei Dongsheng was under house arrest. Waiting for the end of the matter, the cabinet chief met Wei Dongsheng again, simply evading the recent busy state affairs, Wei Dongsheng immediately had nothing to say. Even if Wei Dongsheng bluntly pointed out to the face of Secretary Wu's prohibition of Wei Dongsheng from leaving Yanjing, the chief minister of the cabinet could pretend not to know Secretary Wu calmly. At that time, Secretary Wu really took the blame, bowed his head and admitted that his handling method was mechanically rigid, and this incident must have passed.

If Wei Dongsheng held on to it, he would be stingy.

This is a dumb loss.

Gong Qiuqiu found that Wei Dongsheng was optimistic, and soothing became a joke: "Are you afraid?"

Wei Dongsheng: "What are you afraid of?"

Gong Qiuqiu smiled and said, "I'm afraid of going to jail."

Wei Dongsheng said frankly: "Some people want me to die, but some people don't want me to die."

"Chunqiu, Zhiyu, Zhixing, Zhuwei and other companies can be united through me. If I were killed, the four companies would fall apart immediately and immediately fall into a capital flow crisis. Chunqiu may be easy to pick peaches, but Zhuwei ...That is a low-profit project that consumes a huge amount of investment. If I lose my capital turnover, it will inevitably go bankrupt in an instant. And I wish there are 610,000 employees. Even if the country is willing to take over, the cost of setting up 610,000 employees will be very high."

"Furthermore, Zhiyu and Zhixing have never liked to eat alone. Instead, they use their mobile phone business as an opportunity to work hard to support BOE and other friends. At present, I don't know how many real economy companies expect Zhuwei, Zhiyu, and Zhixing to eat. Zhiyu, Zhixing, Zhu Because if the Great Separatism goes bankrupt, it will be a short-term collapse of the entire industrial chain, which will have a far greater impact on China than other rich people."

"If they have such determination and are willing to ignore the collapse of the industry chain and the crisis of 610,000 employees to destroy my industry, it will be useless for me to be afraid."

"On the contrary, why am I afraid?"

Gong Qiuqiu stopped joking and comforted Wei Dongsheng by saying, "They don't have that determination."

Gong Qiuqiu explained: "I just talked to my uncle on the phone, and my uncle asked me to tell you not to think too much."

The uncle in Gong Qiuqiu's mouth is the cabinet elder Gong Qixing.

Wei Dongsheng smiled and said, "I didn't think much about it."

Gong Qiuqiu: "Uncle said that the U.S. financial turmoil has caused a comprehensive alert at the national level. The country is ready to seize typical tough measures to stabilize the market. Some people want to take the opportunity to expand and accuse the Rose Fund of entering the market in July 2006 and exiting in August 2007. Taking advantage of the stock market's skyrocketing and violent volatility, it has swept away the hard-earned money of countless investors, trying to convict us for manipulating the stock market. Keeping you in Yanjing and Beihai is actually a political protection.

Wei Dongsheng smiled, not completely convinced of Gong Qiuqiu's explanation.

Wei Dongsheng had come back to his senses before and understood that he was under house arrest in disguise, and hastily activated the computer intelligent life monitoring system to traverse relevant information. Although limited by relatively low political wisdom, Wei Dongsheng could not see the true minds of the various forces, but through relevant confidential information he understood that Beihai residential house arrest was not the personal opinion of the cabinet chief, nor was it the political protection that Gong Qiuqiu said.

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