Rebirth of the Financial Crisis Sweeping the World

Chapter 197 197 A ruthless blow! A floating profit of US$78 million!

Time passes slowly.

Wang Guanxi, Huang Shaokai, Wu Zhankun, Zhang Dexi, Wang Juehao, Bai Weiqiang and others drank tea while quietly waiting for the news.

Everyone is always paying attention to the stock market and the latest developments in current political news.

Fannie Mae's stock price was shaking crazily from 8.00 to 8.50, going up and down, and the trading volume was also quite large.

At this time, the stock price once again rushed to the 8.50 position.

The highest floating loss in Blackshirt's hedge fund account was as high as $60 million.

Huang Shaokai couldn't help but ask: "BOSS, is there any negative news about Fannie Mae tonight?"

Zhang Dexi also said: "Fannie Mae's stock price is very strong now. I don't know whether this news is good or bad."

Wu Zhankun also said: "Those Indians are probably still increasing their stock holdings, bastards."

Wang Juehao also said: “I don’t know if the short sellers can hold on to the 8.50 position.”

Bai Weiqiang also said: "It should be possible, and now the short sellers are getting stronger!"

Wang Guanxi smiled and said: "Just wait, there will be something good to watch tonight, please be patient!"

"Drink tea, come!"

"Yes, BOSS" Everyone sat down and drank tea together.

No one is going to go back to sleep tonight, so they will rest in the company.

At this moment, at the Asia-Pacific headquarters of ICICI Bank, Sandeep Batra, Ratan Tata, and Nehru had faces full of excitement.

Nehru smiled and said: "The stock price of Fannie Mae has already reached a stable position of 8.00. This time the Chinese people are completely finished."

The area at 8.00 is the resistance area on the daily chart, but the bulls have already gained a foothold here.

Ratan Tata echoed: "Yes, Fannie Mae's stock price will reach at least US$20.00 per share in the future!"

Sandeep Batra stood up, jumped twice and said: “This time they are completely finished.

Haha, so fun.

I'm just waiting to take away Blackshirt Insurance Company and Blackshirt Investment Bank.

These ignorant Chinese people actually mortgaged Blackshirt Insurance Company and Blackshirt Investment Bank to me, and asked me to borrow another 10 million shares of Fannie Mae stock to short Fannie Mae! "

Nehru said with a smile: "This is Fannie Mae, which is a Fortune 500 company and the largest mortgage company in the United States.

These ignorant Chinese people are actually going short. They are simply desperate. Let's see how I can blow them up! "

"Ha ha!"

Nehru smiled extremely proudly.

He really couldn't understand how stupid these Chinese people were to short Fannie Mae when its stock price was so low, and to mortgage Blackshirt Insurance Company and Blackshirt Investment Bank.

This black-shirted insurance executive was definitely the stupidest Chinese person he had ever seen.

This is like reaching out to beat them. This time, not only will these people suffer heavy losses, but they will also take away their companies.

At this time, Fannie Mae's stock price has risen to 9.00.

Nehru even laughed and said: "Look, the bulls in the market will kill them without us taking action."

Now the more bulls there are in the market, the stronger they become, and there is no need for him to continue to increase his holdings. The stock price has already stood firmly at 9.00.

Last month, India Private Pension bought 50 million shares, and this time it bought another 80 million shares. It holds a total of 130 million shares, and there is a lot of money in the account.

But these profits were nothing to Nehru.

Because Indian private pension funds will hold shares for a long time, they will not close their positions unless they make ten times the profit in the future!

Although you have to make more than 10 times the profit, you may have to wait 5 years or even 10 years.

But it doesn't matter. If the asset value increases 10 times, you will make a lot of money.

This is his performance and it proves his ability.

In particular, an Indian private pension fund has become the largest shareholder of the U.S. mortgage company, which is something to be very proud of.

Enjoy high dividends from Fannie Mae in the future.

Sandeep Batra also said excitedly: "The stock price is now firmly at 9.00. If we guess wrong, the position where those black-shirted insurance companies opened their positions should be around 7.50.

Now the floating loss in the account is at least 90 million US dollars, haha."

Ratan Tata was also very excited and said, "Is this black-shirted insurance company already insolvent? This time they are finished. Let's wait for the purchase at a cabbage price."

"Haha, that makes sense," Nehru said: "Let the news report overnight that the Black Shirt Insurance Company lost a huge loss of US$270 million by shorting Fannie Mae and is completely insolvent. Let the Securities Regulatory Commission of Hong Kong hold it accountable, and then we will spend Small money, take it over”

"Okay, let's do it!" Ratan Tata was suddenly excited.

Sandeep Batra laughed; "I immediately called a female editor at Media Asia and asked her to report the matter overnight."

Seeing the confused expressions on the two people's faces, Sandeep Batra smiled and said: "She is my mistress. I am actually the major shareholder of Media Asia Media and made her the executive director and concurrently vice president."

"You're awesome!"

"Batra, you are really good at playing"

Soon, Sandeep Batra called overnight, and the other party handled the matter immediately, and also asked trolls to publicize it in post bars and discussion forums.

At this moment, in a villa in Repulse Bay, Hong Tianwen, the chairman of Jiehao Financial Group, had just finished having sex with a beautiful celebrity. He came to the lobby, smoked a cigarette, turned on the night news and was overjoyed!

[Blackshirt Insurance Company Hugely Lost $270 Million from Shorting Fannie Mae]

[Blackshirt Insurance Company has become insolvent]

[Black shirt insurance company will face investigation by China Securities Regulatory Commission]

··

"Good guy, you must be unlucky this time!" Hong Tianwen gritted his teeth with hatred for Black Shirt Insurance Company, and now he felt the pleasure of revenge.

He felt that his opportunity to purchase Blackshirt Insurance Company had come again.

So I started making phone calls and asked the media to report this matter immediately!

It's still early.

Soon Hong Tianwen's media directly came to a nightly live dialogue. The originally scheduled program was temporarily changed to talk specifically about Blackshirt Insurance Company's short selling of Fannie Mae!

It's only 10:30 in the evening, and everyone is extremely curious. Is this black-shirted insurance company actually selling short-term interest rates?

It’s simply a matter of life and death!

Many institutions who saw this news were waiting to see the joke.

In particular, several people who had often helped Hong Tianwen and Lu Bank spread rumors about Blackshirt Insurance Company before called on the China Securities Regulatory Commission to immediately investigate Blackshirt Insurance Company!

This is simply a misappropriation of insurance funds, causing huge losses to the majority of insurance customers.

He also said that the black-shirt insurance company secretly used all its liability reserves to sell stocks, and then suffered huge losses.

··

The Lu family, Lu Yinhe, Lu Qihui and others were overjoyed when they saw the news that Black Shirt Insurance Company had suffered a huge loss of US$270 million.

Lu Qihui said excitedly: "Dad, this time Blackshirt Insurance Company shorted Fannie Mae. It's really over."

The Lu family has a big feud with Blackshirt Insurance Company. Last time, Blackshirt Insurance Company shorted Galaxy Entertainment Group, the Lu family's largest company, and the two parties fought.

In the end, the Lu family's cash flow dried up, Galaxy Entertainment Group's stock price plummeted, and the Lu family's assets lost tens of billions of Hong Kong dollars.

The stock price of Galaxy Entertainment Group is still at a low level and cannot rise any higher. It is very sluggish.

In addition, the Lu family is also very short of money and has no cash flow. The family business is in a big crisis and needs money.

Lu Yinhe was also excited for a while, but then he thought of something. They had been spreading rumors about Blackshirt Insurance Company all day long, but Blackshirt Insurance Company was still living well and distributed HK$100 million in dividends to insurance customers. He was so angry. He did.

How he wished Blackshirt Insurance Company was over.

This time it was probably another rumor about the Black Shirt Insurance Company. After taking the chicken blood test, I finally found out that it was fake. I was so happy for nothing.

So Lu Yinhe said: "Don't be too happy too early, it might be rumored news."

At this time, Lu Qihui saw a lot of news on the forum.

"Wow, they really shorted Fannie Mae. It was rumored in forums and forums that Black Shirt Insurance Company asked Industrial Credit Investment Bank of India to borrow 100 million shares of Fannie Mae stock to short-sell!"

"Dad, it's true, it's absolutely true, and ICICI has also admitted it."

When he opened Fannie Mae's stock chart and looked at it, Lu Qihui was immediately overjoyed. He said excitedly: "Dad, now Blackshirt Insurance Company is finished!"

When Lu Yinhe saw it, he felt very happy.

"Okay, this bastard insurance company has its day too."

"It's a shame for them!"

Although the Lu family is in a very difficult situation now, seeing the demise of Black Shirt Insurance Company, they also have a sense of balance in their hearts!

··

At the headquarters of Blackshirt Insurance Company, Huang Shaokai had just received a call from a classmate from the China Securities Regulatory Commission, asking him about the situation of Blackshirt Insurance Company. Only then did he know what was going on.

He walked into the office.

"BOSS, this financial group and Media Asia Media are spreading rumors about us again, saying that we are worth US$270 million and are already insolvent."

After that, he showed the news to everyone.

Wang Guanxi and others have been resting, drinking tea, and not paying attention to Hong Kong news.

I didn’t expect that so many negative behaviors of black-shirted insurance companies would come out in a blink of an eye.

Especially the financial group that formed a good relationship, three times and two times it was difficult to deal with the black shirt insurance company!

"This guy Hong Tianwen is always smearing us!"

"After shorting Fannie Mae and AIG Group this time, I will settle the score with him."

"And Media Asia Media can't spare them either!"

Wang Guanxi glanced at it and said: "Arrange a spokesperson to clarify and sue that good financial group and Media Asia Media!"

He did not expect that the Jiehao Financial Group would not let go of any flaw in the black-shirted insurance company. If they caught it, they would cover it up and spread rumors.

After the busy days are over, I will be free to settle the score with Hong Tianwen as soon as possible.

This Hong Tianwen has many connections and has mobilized a lot of funds. To short him yourself would require a lot of funds, because you are facing Hong Tianwen and his friends.

But once you finish shorting Fannie Mae, you will have enough funds by then, so work hard to form a good financial group!

Time flew by and it was 12 o'clock in the evening.

Fannie Mae's stock price finally started to fall, and some institutions were selling on it!

It was Lehman Brothers that was selling its shares of Fannie Mae, but not much, just tens of millions of shares.

Now Lehman Brothers' situation is getting worse and worse, and it is stepping up its efforts to sell assets.

Half an hour later, the stock price fell from 9.00 to 8.00.

Blackshirt's hedge fund account still suffered losses of US$30 million.

After another half hour, Fannie Mae's stock price fell to 7.50!

There are no floating losses in Blackshirt's hedge fund account.

At this time, the stock price was also supported at the 7.50 position and did not fall any further. A delicate balance appeared again between the long and short sides.

At this moment, the faces of ICICI, Sandeep Batra, Ratan Tata, and Nehru were not very good.

"Why did it fall again?" Sandeep Batra was a little confused.

"Why did the stock price fall?" Ratan Tata asked curiously: "Isn't it because those Chinese people borrowed stocks to do short selling again?"

"Some institutions should be selling Fannie Mae's shares," Nehru said with a smile, "I just happened to continue to increase my holdings and push the stock price up again."

Currently, Indian private pension funds hold 170 million shares of Fannie Mae. Let’s increase their holdings to 200 million shares this time!

Thinking of this, he immediately took action and started to increase the stock price!

1 million shares!

1 million shares!

1 million shares!

··

But as the stock price rises, there are more and more selling orders on it!

He bought 70 million shares, which only caused the stock price to rise to 8.50!

But after Nehru stopped increasing his holdings, the stock price fell to 8.00 not long after!

Nehru suddenly frowned.

Another 15 minutes later, the stock price rose to 8.50, which made Nehru feel a lot more comfortable.

Time flew by and there were still 15 minutes left before closing.

At this time a message came.

Reuters: The U.S. Housing Appraisal Website released a report saying that among Americans who purchased a home in the past five years, about one-third of the buyers' mortgage debt exceeded the value of their property.

Falling home prices have made it difficult for homeowners to resell their properties at a profit. California is the state with the highest percentage of homes with negative equity. In four major California cities, 90% of homeowners owe more than their property is worth.

This is a "buy one, get one free" house photographed in Escondido, California, USA on June 3. Each of these houses is worth US$400,000.

The Wall Street Journal reported that the U.S. government may take custody of Fannie Mae and Freddie Mac, the two major U.S. mortgage financing institutions in crisis, as soon as this weekend and provide them with financial support.

The Wall Street Journal reported that the government's conservatorship plan includes changes at the top of the company, with Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Theron stepping down.

Fannie and Freddie executives will hold talks with US Federal Reserve Chairman Bernanke and Treasury Secretary Paulson.

The news exploded!

This is big news!

Although it may be fake, it may also be true!

Many investment institutions and investors are spreading rumors that Fannie and Freddie may receive financial support by issuing preferred shares to the Ministry of Finance, which will result in damage to the interests of ordinary shareholders of these two companies.

Fannie Mae, Freddie Mac and the Treasury Department have declined to comment on the report.

Fannie Mae and Freddie Mac are the largest mortgage financiers in the United States, accounting for 42% of the current $12 trillion in residential mortgage loans in the United States.

And of the nearly $5 trillion in residential mortgage bonds it holds or guarantees, about $150 million is held by foreign investors.

The two companies lost a combined $3.1 billion in the second quarter.

Fannie and Freddie are now insolvent!

Huang Shaokai looked excited: "BOSS is really big news."

Zhang Dexi was confused: “I don’t know if it’s true.”

Although it may be fake, the stock prices of Fannie Mae and Freddie Mac must have plummeted! "Wu Zhankun was very excited.

Wang Guanxi is very excited. Once he takes over, by issuing preferred shares, the rights and interests of ordinary shareholders will be greatly damaged!

In fact, things are worse than everyone imagined. The rights and interests of ordinary shareholders are not only greatly damaged!

At this time, the stock prices of Fannie Mae and Freddie Mac began to fall!

In just 10 minutes, the stock price fell from 8.5 to 6.2!

Fannie Mae's stock price fell 24.3%, while Freddie Mac fell 21%

The share prices of two mortgage giants have taken a merciless blow!

Blackshirt Hedge Fund had a floating profit of US$1.3 per share on its books, bringing its total floating profit to US$78 million.

"BOSS, this news comes at such a timely time" Huang Shaokai was very excited.

The stock price was very strong just now, and then the news came.

Although it may be a rumor, it has dealt a heavy blow to the stock price and caused the confidence of bulls to collapse.

If the U.S. government injects capital in the form of preferred stocks, the shareholders' equity of the stocks will be really damaged.

Because the money transferred by the company is paid to the preferred shareholders first!

As for ordinary shareholders, just wait and see. The company's profits will go to preferred shareholders first.

"BOSS, the stock price suddenly fell by 24.3% this time. It's so unexpected, haha." Zhang Dexi was also excited.

Fannie Mae's stock price was very strong before, and the bulls kept attacking, causing Blackshirt's hedge fund to lose a lot of money. He had been worried about it, but he never expected that the stock price would suddenly plummet at the end of the trading day.

"BOSS, the Indians are finished this time, haha, cry to death," Wu Zhankun said very happily: "The Indians must have bought a lot of Fannie Mae stocks before, but this time they have fallen so much. When the market opens next week, it is estimated that The fall is even worse!”

This time we fought with the Indians for two days, during which they were suppressed, and now we are finally relieved!

Wang Juehao also said: "I wonder what the expressions are on Indian faces now?"

Bai Weiqiang laughed: "Of course it's like your parents are dead."

Wang Guanxi smiled lightly: "Okay, let's call it a day and go back to rest."

After speaking, Wang Guanxi came to the company's lounge to rest.

At this moment, the faces of ICICI, Sandeep Batra, Ratan Tata, and Nehru were filled with anger.

Gritting my teeth with hatred!

Sandeep Batra angrily scolded: "This must be a rumour."

Ratan Tata clenched his fists and acted like this for two nights, "It must be fake news"

Nehru's face was so distorted that he looked extremely ugly!

Indian private pension funds currently hold 200 million shares, with an average position of US$7.2 per share, and a floating loss of US$200 million.

"This Reuters and the Wall Street Journal are really worried about the world not being in chaos."

"Both newspapers are used to spreading rumors!"

What was originally a good situation suddenly turned into this, which made Nehru hateful in his heart!

The next day, September 6th, nine o'clock in the morning.

Hong Tianwen looked at the news that Fannie Mae's stock price had plummeted, and his face suddenly became gloomy. What the hell is going on?

He had just asked his media to spread rumors that the Black Shirt Insurance Company was shorting Fannie Mae and was insolvent, but when he woke up the next day, Fannie Mae's stock price had dropped so much!

"Grass!"

The Lu family, Lu Yinhe, Lu Qihui and others also had gloomy faces.

The schadenfreude about the black shirt insurance company last night was gone, it was like having a bucket of cold water poured on the face!

"Dad, the damn Wall Street Journal and Reuters must be making wild guesses."