Rebirth of the Financial Crisis Sweeping the World

At this moment in Black Shirt Investment Bank, Wang Guanxi’s eyes were on the trend chart of the Hang Seng Index.

There is no floating loss or floating profit in the No. 1 Fund trading account.

“We have to wait until tomorrow”

“Let’s see how the U.S. stock market opens tonight!”

“I hope the U.S. government’s $700 billion bailout plan will be shelved by the U.S. Congress tonight!”

If the $700 billion rescue plan is rejected or put on hold, global stock markets will plummet.

[The following is changed back to 4 a.m., everyone goes to sleep]

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At this time, Feng Shaokun called and said that the funds could not be found because everyone and all institutions were short of funds.

"Guanxi, I'm sorry, Yongheng Bank only has so much cash, and I can't let you continue short selling. We really don't have enough money."

"Well, I just happen to withdraw the money to short the U.S. banks!"

So Wang Guanxi withdrew HK$8.75 billion, and there was still HK$6.5 billion left in the trading account of Fund No. 1. He spent HK$6 billion in margin by shorting 60,000 hands of the Hang Seng Index, leaving HK$500 million in available funds. If the index rises another 166 points, Wang Guanxi's account will be liquidated.

Feng Shaokun asked in surprise: "Guan Xi, what the hell, you withdrew 8.75 billion Hong Kong dollars in one go, aren't you worried about your position being liquidated?"

After withdrawing HK$8.75 billion, Wang Guanxi's account was very vulnerable. With HK$500 million in available funds, the Hang Seng Index rose by 170 points, and the account was liquidated.

It’s really not worth it, and it’s not recommended!

Because it is normal for the Hang Seng Index to skyrocket and plummet by hundreds of points. If tomorrow the Hang Seng Index first surges by 200 points and then plummets by 200 points, wouldn't Wang Guanxi's position during this period be in vain?

Thinking of this, Feng Shaokun continued: "Guan Xi, if the Hang Seng Index rises 200 points tomorrow, your account will be liquidated and you will lose hundreds of millions of Hong Kong dollars. What will you do if the Hang Seng Index falls another 200 points? In fact, there is no need to withdraw money. 8.75 billion Hong Kong dollars”

Wang Guanxi smiled lightly: "I have never had a liquidated position, and I have never worried about liquidated positions."

"The Hang Seng Index cannot rise above 20,000!"

Feng Shaokun on the phone was immediately shocked by Wang Guanxi's conceited words, and took a breath. He thought of the many retail investors in Yongheng Securities who had their positions liquidated, and the rich who also liquidated their positions. Wang Guanxi was the only exception. He had never had his position liquidated before, so he said, "Okay, I don't think you will liquidate your position."

He witnessed Wang Guanxi’s rise step by step. Although he would lose money in his account, his position had never been liquidated. Every situation was within Wang Guanxi’s control. As the scale of funds became larger and larger, Wang Guanxi could still control it. Self-confidence really makes him look up to him!

Then HK$8 billion of Wang Guanxi's HK$8.75 billion was transferred to Fund No. 2, and the remaining HK$750 million was transferred to the account of the Black Shirt Group.

The HK$750 million in the Blackshirt Group is temporarily on reserve and can be used to acquire some companies.

The HK$8 billion of Fund No. 2 was intended to short Citibank, but now is not the time.

Citibank is a giant bank in the world, so it needs to find good opportunities.

Thinking of this, Wang Guanxi said: "Start contacting various large institutions and prepare to borrow Citibank Group stocks."

I have already started to contact large institutions to borrow Wells Fargo shares, and now it is Citibank shares. When the time comes, Blackshirt Insurance Company will start short selling after closing its position on AIG Group!

Several major banks in the United States will be shorted by Wang Guanxi!

Citibank, Bank of America, and Wells Fargo are all there!

That’s right, short selling the world’s largest American banks!

Say hello now, so that you can use it directly when you want to go short.

After thinking for a while, Wang Guanxi said again: "Ask more families to save one family from regretting temporarily."

A Swiss bank had temporarily regretted borrowing New World Development Group shares before. Wang Guanxi did not want to borrow shares from New World Development Group at a critical moment.

Something went wrong again,

"Yes, boss!" Everyone immediately started to prepare.

Time flies!

The stock market closed, and the Hang Seng Index closed at 19,869.

Fund account No. 1 had a floating loss of 19 points, with a total floating loss of HK$54 million.

Today, Asia-Pacific stock markets generally closed higher. The Shanghai and Shenzhen stock markets rose 7.77%. Financial stocks rose across the board. The Hang Seng Index in Hong Kong rose 1.58% and approached the 20,000-point mark. The Bay Island stock market rose 186 points to regain 6,000 points. The economic index closed up 1.4%, the Australian stock market rose 2.33%, and the Korean stock market kospi index rose slightly by 1%.

Vietnam's stock market rose 2.74% to 459.86 points.

The Pakistani stock market closed flat at 6,651 points, an increase of 2%.

Among them, financial stocks rose the most.

Dinner at Hong Kong Island Royal Hotel in the evening.

Huang Shaokai at the dinner table couldn't help but said: "The stock market is still rising sharply today, but the increase seems to have become smaller."

Today's stock market did not rise as fiercely as the previous two trading days. It seems that the gains brought by the good news of rescuing the market are fading.

Zhang Dexi echoed: "Yes, except for the rapid rise in the stock markets in Lushen and Shenzhen, the stock market gains in other places have been limited."

He also feels that the good news about the central bank's bailout is fading, and the U.S. government's $700 billion bailout plan is also under discussion. The results may come out tonight. If the results don't come out, it may have to wait until Friday. But this The stock market is fragile. Once there is any bad trend, the sell-off will be very scary.

Wu Zhankun also said: "I hope the US stock market will not continue to rise tonight."

At present, Blackshirt Insurance Company is still shorting American International Group, and Blackshirt Investment Bank is shorting Washington Mutual Bank. There is not much change in American International Group. Blackshirt Insurance Company has made at least more than 1 billion US dollars, while Washington Mutual Bank is shorting. There is a great danger. Currently, a total of five banks including Toronto-Dominion Bank, Citigroup, Morgan Bank, Wells Fargo and Spanish International Bank are bidding for Washington Mutual Bank.

Once Washington Mutual Bank is acquired at a premium, Blackshirt Investment Bank will inevitably be out of business with a huge loss, and may even be liquidated.

Bai Weiqiang said: "Tonight we have to see whether the US government's $700 billion proposal is passed."

Although the U.S. government has a $700 billion bailout plan, it needs to be passed by Congress. Whether it can be passed is unknown.

Wang Juehao also said: "I always feel that I won't pass, or I won't pass so quickly."

Tonight, Monday, was the beginning of the discussion, and he was looking forward to it but nervous.

Wu Zhanhai also said: "I think so too."

Lu Jianyan smiled and said: "I hope not to pass, haha."

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Wang Guanxi smiled and said: "You will definitely be hindered. Just wait and see the good show."

Not only people from the Black Shirt Group were discussing this matter, Sandeep Batra from Industrial Trust and Investment Bank of India, Nehru from India Private Pension, and Ratan Tata from Tata Group were having dinner. We were also discussing this matter at that time.

Tonight is the day when the U.S. Congress will discuss the White House's $700 billion bailout.

Sandeep Batra was eating steak and said excitedly: "The U.S. stock market will skyrocket tonight, and by then these Chinese people will be completely finished with Washington Mutual Bank."

Last Thursday and Friday, the U.S. stock market soared for two days. Washington Mutual's stock price had reached $3.00 per share. The U.S. stock market will continue to soar tonight. It's exciting to think about it.

And in the future, five banks are bidding for Washington Mutual Bank. You can imagine how popular Washington Mutual Bank is, and Blackshirt Investment Bank shorted Washington Mutual Bank. By then, Washington Mutual Bank will be acquired for at least $8 a share. , their Indian Trust and Investment Bank went long 120 million shares of Washington Mutual Bank at US$3.00 per share, making a profit of US$600 million. That is not a problem.

"This time at Washington Mutual Bank, there must be the graves of those Chinese people."

Nehru, an Indian private pensioner, took a sip of butter, wiped his mouth and said: "I hope so. This time, the Chinese people must suffer a lot and die to relieve the hatred in my heart."

The recent surge in the global stock market gave him a good sleep for a few days. In his dream, he also dreamed of black-shirt insurance companies and black-shirt investment banks being acquired at a bargain price. Those stupid and conceited Chinese people begged them and even knelt down. On the ground, ask them to raise the price.

Ratan Tata of the Tata Group ate too much spicy food. He wiped his snot and announced: "The U.S. government bailed out the market with 700 billion US dollars. These Chinese people will definitely die in Washington Mutual Bank. Alas, I just hope AIG’s share price could rise to over $100 a share.”

Having said this, Ratan Tata sighed. He has no hope for this AIG Group. As long as the stock price can reach 100 US dollars per share, he will close the position at that time and transfer the share price of the 6.5 million shares of AIG Group. Empty.

Sandeep Batra said excitedly: "We will all get our wish tonight"

"Come and drink!"

"cheers!"

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At this moment, at a Cantonese restaurant in the Sino Hotel, Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu were having dinner and discussing the US government's US$700 billion bailout plan.

"The U.S. stock market will definitely continue to surge, and tomorrow the Hong Kong stock market will follow suit."

"Hey, of course, this black-shirted investment bank will definitely blow up its position on the Hang Seng Index."

"Once the Hang Seng Index breaks through 20,000, it will be unstoppable."

“The black-shirted investment bank won’t be able to survive for long this time.”

The four of them are very much looking forward to the surge in the US stock market tonight and the surge in the Hong Kong stock market tomorrow.

Soon at 9:30 pm, the U.S. stock market opened.

There were no sharp rises or plummets, it was just a very steady rise.

until 12pm.

Breaking news!

Richard Shelby, chairman of the U.S. Senate Banking, Housing and Urban Affairs Committee, asked the U.S. government to end the $700 billion rescue plan for domestic banks!

This is undoubtedly a heavy blow to US Treasury Secretary Paulson, who originally expected to pass the bill this Friday.

Richard said in a statement that the Treasury Department's proposal was "neither feasible nor comprehensive" and that it would be "foolish" to use taxpayers' money to test a hastily made decision.

In fact, the U.S. government's largest rescue plan since the Great Depression has been opposed by most lawmakers, and many opponents hope to include their own remedies in the plan.

For example, the government should make profits in the banks it controls, and the government should limit the labor costs provided to banks that make profits in the rescue plan. It is hoped that the bankruptcy ruling will allow creditors of the collateral to lower mortgage interest rates.

In addition, some members of Congress requested that the government's financial control functions should be comprehensively reviewed and the Ministry of Finance's management of huge aid funds should be supervised.

The Washington Post: The bailout plan the administration has submitted to Congress would give the Treasury Department prerogatives over the next two years to buy distressed assets from any financial institution, regardless of whether they are headquartered in the United States.

At the same time, the Treasury Department will be able to buy, sell, and hold residential and commercial mortgages and the claims backing those loans with little interference from Congress.

"This is the largest and least constrained amount of money I have ever seen in my lifetime," said Douglas Elmendorf, a famous economist at the Brookings Institution. "The Secretary of the Treasury can do whatever he wants and buy whatever he wants." What."

House Finance Committee Chairman Barney Frank, a Republican, said: "Members of Congress will not agree that corporate executives earn taxpayers' money if we say that we will pay for all the bad assets caused by these people's bad decisions and then let them take the data. Millions of dollars walking away would be a big mistake. The American people will not allow that to happen, and it will not happen."

But Treasury Secretary Paulson believes that if the rescue plan is not passed quickly, the US banking system will face collapse.

He hopes to use government funds to acquire the assets of troubled banks at low prices, hoping that once the banks are out of trouble, they can start lending to each other again to avoid the collapse of the U.S. financial system.

Huge bad news came, giving the global financial market a blow!

The securities and foreign exchange markets of the United States and the United Kingdom once again experienced price selling.

The U.S. dollar exchange rate has been severely suppressed, driving up commodity futures prices such as crude oil and gold.

Today, the price of crude oil futures for October delivery on the New York Mercantile Exchange soared by US$16.37, or 15.7%, to close at US$120.92 per barrel; intraday oil prices rose to US$130 per barrel for the first time in two months. In U.S. dollar terms, oil prices had their biggest one-day gain since 1984.

Gold futures prices rose $44.30, or 5.1%, to close at $909 an ounce.

The consumer discretionary sector of the S\u0026P 500 fell 5% as commodity futures surged.

The Dow Jones Industrial Average fell 372 points, or 3.27%, to 11,015 points.

Among the 30 stocks in the Dow Jones Industrial Average, 28 stocks fell.

The Nasdaq Composite Index fell 94 points to 2,178 points, a decrease of 4.17%.

The S\u0026P 500 Index fell 47 points to 1,207 points, or 3.82%.

American International Group (AIG) stock price plummeted 50% from $85 per share to $46 per share, a staggering 45.9% drop

The share price of Washington Mutual fell from US$3.00 per share to US$1.50 per share, a drop of as much as 50%.

The floating profit on the books of Blackshirt Insurance Company from shorting AIG Group was as high as 1.71 billion US dollars.

Blackshirt Investment Bank had a profit of US$180 million on its short bet on Washington Mutual Bank.

Sandeep Batra of Industrial Trust and Investment Bank of India, Nehru of India Private Pension Fund, and Ratan Tata of Tata Consortium had just finished playing with girls in the hotel. When they saw this scene, their expressions suddenly changed. Cold sweat dripping down my back!

"damn it!"

"Grass!!!"

"how so!"

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Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu were frightened when they saw the U.S. stock market plummet. The clothes on their backs were soaked and their whole bodies were shaking.

The four people jointly operated and made the Hang Seng Index, holding 60,000 lots, and the position of opening the position was 19950!

"Oh my god, the U.S. stock market has plummeted, and then the Hong Kong stock market will also plummet tomorrow morning."

"what to do?"

"Ruined"

"Hong Kong's Hang Seng Index will definitely plummet tomorrow. You're so numb! Americans are going to starve to death. Why don't they bail out the market!!!"

The four of us couldn't sleep at night! Mobile phone users value re-reading before the subprime mortgage crisis swept across the world for a better user experience.