Rebirth of the Financial Crisis Sweeping the World

Chapter 206 206 consumes 2.5 billion US dollars!

At the headquarters of the Black Shirt Insurance Company, Wang Guanxi and others were quietly waiting for the Indians to take action.

Now AIG Group's share price has fallen to 363.00, the lowest point today, but the Indians still haven't taken action?

"Damn it, are these Indians still holding back?" Huang Shaokai couldn't help but get angry. Their black-shirted insurance company kept selling short on it, but the Indians just didn't take action. Now they have shorted 3 million shares. Fortunately, the black shirts were short before The shirt insurance company stopped.

"I guess I don't dare to take action anymore," Zhang Dexi also said.

Wang Juehao was also a little confused. Logically speaking, this Indian had already taken action, but he hadn't taken action yet. He said, "I don't know, just watch quietly."

Wu Zhankun said with certainty: "The Indians will definitely take action. They may be observing whether the stock price of AIG Group will fall below 363.00!"

The stock price of AIG Group is now supported at 363.00, and retail investors in the market are selling or buying.

The bulls and shorts among retail investors are fighting in the range of 363.00 to 369.00.

Bai Weiqiang said impatiently: "The Indians still haven't made a move. If they had, the stock price should have broken through 370.00."

Huang Shaokai asked: "BOSS, what trick is this Indian playing?"

Zhang Dexi also asked: "Is it possible that the Indians, who were beaten to their knees by us before at Fannie Mae, will not dare to stop us again?"

Wang Guanxi said calmly: "Probably not. The Indian should be observing the support strength near the 363.00 position. If it cannot fall further, the Indian will take action."

Wu Zhankun said with a gloomy face: "Indians are really insidious, they like to be old bastards who shrink their heads!"

Huang Shaokai said with some luck: "Fortunately, we only shorted 3 million shares before!"

Previously, Blackshirt Insurance Company shorted 3 million shares of AIG Group. Don't underestimate these 3 million shares. They were worth US$1.2 billion, which directly caused the stock price of AIG Group to drop by US$50.

Why did Black Shirt Insurance Company stop short selling when the stock price fell to 363.00?

Just wait for the Indians to take action!

Currently, Blackshirt Insurance Company still has 2 million shares of American International Group that have not been sold!

At this time Wang Guanxi saw a message.

[Legg Mason Group heavily invested in Fannie Mae and suffered losses exceeding billions of dollars]

Legg Mason, Inc., referred to as "Legg Mason", was founded in 1899.

It is one of the world's largest asset management companies, focusing on asset management business. With over 100 years of history.

Legg Mason has successfully built a strong legacy and currently manages more than $998.5 billion in global equity and fixed income markets.

But these are customer assets, not that it has $998.5 billion in proprietary assets. It just manages customer assets.

The profits are handed over to the customers, and they only charge a very small management fee every year. This management fee is very low.

Legg Mason and Citibank launched the QDII product - Legg Mason Global Fund Series in China in January 2008. This series includes six fund products that focus on investing in global equity and fixed income markets.

Today, Mosaic Group's tentacles extend all over the world, with business offices in the United States, Canada, the United Kingdom, France, Germany, Luxembourg, Spain, Poland, Australia, Japan, Hong Kong, Bay Island, Singapore, Chile and Brazil.

Its most recognized feature is its unique expertise in money management.

It owns many well-known investment management companies, focusing on their respective areas of expertise.

These investment management companies include Legg Mason Capital Management.

Western Asset[(Western Asset).

Ruisi Investment

Brandi Global Investment Management

Baseus Capital Management

Baijun Financial Management

Legg Mason International Stocks

Kelly Consultants.

Each investment management company is a 100% owned subsidiary of Legg Mason.

Investors in Legg Mason Group have the opportunity to invest in the asset classes that each investment management company specializes in and its unique investment procedures and concepts. They can also invest in potentially valuable projects around the world.

Legg Mason Group is one of the world's largest asset management companies, specializing in asset management and one of the world's premier asset management companies.

“In the future, I will also have to set up an asset management company!

In this way, you can control many, many assets and participate in many, many companies!

Although they are all client assets and do not belong to me, I can control them!

You can arrange for many mazai to serve as directors in major companies, and you can recruit many excellent mazai.”

Thinking of this, Wang Guanxi was very much looking forward to it.

"Legg Mason Group has assets of nearly US$1 trillion. After the financial tsunami, the global stock market plummeted for several months, and their losses were also very heavy!

In the future, I can buy many good assets held by Legg Mason Group, such as the equity interests of some small and medium-sized banks in the United States."

"And I remember that Legg Mason Group is also the major shareholder of American International Group."

“This time the U.S. government took over Fannie Mae, which caused heavy losses to Legg Mason, but after the financial tsunami came, the U.S. government planned to take over American International Group again and injected nearly US$90 billion into AIG Group.

In the end, American International Group frantically sold assets in order to save itself and repay the U.S. government. The stock price of American International Group also fell terribly."

"Legg Mason Group is also unlucky enough. Not only is it being dragged down by Fannie Mae now, but it will also be dragged down by American International Group in the future."

“More than $60 billion in assets have been redeemed by clients.”

This requires selling off a lot of assets and cashing out cash.

···

At this moment, at the headquarters of Legg Mason Group in New York, USA, President Bill Miller looked at the stock chart of AIG Group and fell into deep thought.

Could it be that something happened to AIG Group as well?

impossible!

Mosaic Group is also the major shareholder of AIG Group. Of course, the number of shares held by this major shareholder is not very large, that is, 20 million shares.

The value was US$7.26 billion, which has shrunk a lot.

Last year, in 2007, AIG Group's stock price was still US$1,200 per share. At that time, the 20 million shares were worth US$24 billion. However, this year the stock price fell to US$400 per share, and now it has fallen to US$363.00 per share. The stock is at a historical low.

The U.S. stock market was basically rising tonight, but the AIG Group's stock was actually sold off!

At this time a piece of news came out.

[Former AIG Chairman Greenberg may plead guilty to a $100 million fine]

Former AIG Chairman Greenberg may accept a fine of at least $100 million as part of a settlement with the New York State Attorney General's Office on civil fraud charges, heralding the first end to a protracted legal tug-of-war between the two parties. Signal.

The lawsuit against Greenberg was initiated by Spitzer, the former New York State Attorney General known as the "Wall Street Integrity Fighter". The cause was the former's involvement in AIG's 2005 financial fraud case!

This scandalous fraud case also directly led to the resignation of the "godfather of insurance" Greenberg that year.

In 2006, AIG and the authorities reached a sky-high $1.64 billion settlement.

At the same time, several criminal charges against Greenberg and another company executive were also dropped, but the civil charges against the two for "illegally misrepresenting the company's performance" continued, while Greenberg has always insisted that he did not fault.

In addition to the amount of the fine, the prosecution and defense are also discussing the wording of the final settlement plan, the people familiar with the matter said.

This made Bill Miller frown.

Mosaic Group has cooperated with American International Group (AIG) and has also established directors in AIG Group. However, AIG Group has so many directors that their power in AIG Group is limited.

This time, people from the Indian Tata consortium were invited to come in and everyone worked together.

Originally, the Indians planned to buy stocks, and we agreed to work together on the board of directors of AIG Group!

Thinking of this, Bill Miller called Ratan Tata of the Tata Consortium. This Ratan Tata is one of the heirs of the Tata Consortium in India!

The call was quickly connected, and Bill Miller asked: "Ratan Tata, aren't you planning to buy AIG Group shares? Now that the stock price has dropped a lot, you can buy it."

Ratan Tata said on the phone: "Mr. Miller, I was planning to buy it, but I didn't expect your call to come."

After chatting for a few words, the call ended.

Bill Miller was sitting in the boss's chair, deep in thought, but when he saw Fannie Mae's stock price fell below $1.00 per share, his face suddenly became very gloomy.

This time on Fannie Mae, the 200 million shares they held were in the process of liquidation. They have not yet completed the liquidation, and they have lost an unknown amount of money.

It's understandable that Fannie Mae's stock price has plummeted, but if he still loses money on AIG Group stock, he won't feel comfortable.

··

At this moment, Ratan Tata of Industrial Credit Investment Bank of India saw that the stock price of AIG Group had stabilized at 363.00 and could no longer fall. He was suddenly extremely excited!

"Haha, these Chinese idiots suddenly dropped the stock price to US$363.00 per share. Aren't they going to die!"

The 363.00 position is today’s lowest point!

"Buy in!"

“Can buy Ratan Tata”

Sandeep Batra and Nehru urged.

"Don't worry, I understand" Ratan Tata immediately started buying!

Buy 10,000 shares at a time!

10,000 shares!

10,000 shares!

··

The stock price of AIG quickly broke through the 370.00 position, and slowly rushed to the 380 position!

The retail short sellers in the market were directly defeated!

Blackshirt Insurance Company Headquarters.

Everyone was excited.

"This Indian really took action"

“Indians are buying!”

“Indians are already driving up stock prices!”

Wang Guanxi said: "Go short and fuck these Indians!"

"Yes, BOSS!" Everyone continued to short-sell!

10,000 shares!

10,000 shares!

10,000 shares!

··

But Ratan Tata is still buying, without any courtesy, eating up all the selling orders in the market!

20,000 shares!

20,000 shares!

20,000 shares!

··

Although Blackshirt Insurance Company is shorting again, the stock price continues to rise!

It rushed from 380.00 to 396.00!

Black Shirt Insurance Company sold another 2 million shares and had sold out all 5 million shares.

But the stock price continued to rise due to Ratan Tata's buying!

At 1:30, the share price of American Nationality Group returned to 413.00 again!

Ratan Tata is very excited at the moment!

"Haha, those Chinese people are trapped."

"I'll let them take action first, and then I'll take action and catch them to death!"

This time he spent US$2.5 billion, raising the stock price from 363.00 to 413.00 in one go, a full US$50!

Although he spent 2.5 billion US dollars, he also knew that the Chinese people had run out of bullets and were unable to prevent the stock price of American International Group from rising sharply.

You must know that the stock price of American International Group was dropped from 413.00 to 363.00 by the Chinese. Then he pulled the stock price up and trapped them tightly.

Sandeep Batra smiled sinisterly and said: "Well done Ratan Tata"

Nehru also said: "They will not be so lucky this time."

Ratan Tata smiled and said: "They are dead this time, but I didn't expect that they had a lot of bullets this time. They should have borrowed stocks from other financial institutions."

Nehru nodded: "Yes, I must have borrowed stocks from other financial institutions, at least 5 million shares!"

Blackshirt Insurance Company lent them 2 million shares, and the remaining 3 million shares should have been borrowed from other financial institutions.

Sandeep Batra chuckled: "These Chinese people are really insidious, but they are also stupid. They don't understand our strength at all!"

"The short sellers of American International Group dared to tell us blatantly, which shows that they have been prepared for 5 million shares. Unfortunately, they did not expect that we have strong funds and are just waiting to eat these idiots."

Speaking of this, Sandeep Batra was extremely proud.

Ratan Tata also laughed and said: "5 million shares is 2 billion U.S. dollars. Haha, this time they were trapped by us with 2 billion U.S. dollars of funds. They must have lost a lot of money in their accounts now. They are finished. !”

Before, he thought that these Chinese people only owned 2 million shares of American International Group. Unexpectedly, they actually owned 5 million shares, which surprised him, but the situation was still under control.

Nehru echoed: "Yes, they are finished. Blackshirt Insurance Company will never have a chance to get it back this time."

The three of them were immediately very excited. The feeling of eating prey was very satisfying.

This time they are going to win!

At this time, Sandeep Batra thought for a while and said: "We continue to say in the media that Black Shirt Insurance Company shorted American International Group and suffered a huge loss of US$500 million!"

He doesn't care how much money Blackshirt Insurance Company loses. Spreading rumors like this will put pressure on Blackshirt Insurance Company. If Blackshirt Insurance Company becomes insolvent, it will definitely be severely fined.

"Okay, this is a great idea." Ratan Tata was very happy at once. It was really fun to do this.

Nehru smiled sinisterly and said: "Hey, I asked my friends in the insurance industry to report to the China Securities Regulatory Commission that the black-shirted insurance company was insolvent and illegally used funds!"

"Just do it!"

"Attack simultaneously!"

"Okay, do it now!"

For the next three days, I started making phone calls in the middle of the night, because Hong Kong is one of the global financial centers, and the U.S. stock market opens at 9:30 pm Hong Kong time and closes at 4 am. It is very normal for financial professionals to work night shifts.

The three of them knew a lot of friends, including those in the media. They could spend a little money to create negative news about Black Shirt Insurance Company.

··