Rebirth of the Financial Crisis Sweeping the World

U.S. congressional voting begins

All investors in the global financial markets are watching this moment.

10 negative votes, 5 positive votes

20 negative votes, 8 positive votes

45 votes against, 15 votes in favor

··

Because the negative votes outnumbered the positive ones, it dealt a huge blow to global financial markets.

The Dow Jones plummeted 100 points.

The Nasdaq fell!

The S\u0026P index fell!

International crude oil fell!

Financial stocks, technology stocks, energy stocks, industrial stocks... all lower, all sold off.

AIG, Citibank, Wells Fargo, Bank of America, HSBC Bank of America, Wachovia »

Microsoft, Amazon, Google, Apple... stock prices are starting to drop.

aig group shares fell to $ 38 per share.

Shares of Citibank fell to $203 per share.

Shares of Wells Fargo fell to $35 a share.

Bank of America shares fell to $34 a share.

HSBC Bank of America shares fell to $80 per share.

Wachovia fell to $2.8 per share.

···

Wall Street Journal: [Negative votes are far ahead of Yes votes]

Bloomberg: [$700 billion rescue plan may be rejected]

Associated Press: [Currently the negative votes are far more than the favorable votes]

··

Such heavy news shows how panicked the investors who have been bullish on the stock market before, and the hearts of retail investors are collapsing.

"Grass, what's going on?"

"There are so many negative votes"

"Digging, it's over, the stock market is going to plummet"

"My God, with so many negative votes, this $700 billion rescue plan is about to abort"

"M, it's my fault"

"What the hell is going on? Why didn't it pass?"

"No hurry, no hurry, no hurry, it will pass"

"It will definitely pass, I am not willing to lose money"

··

The faces of the Alliance to Eliminate Blackshirts, Jiao Xiongbing from Dao Heng Securities, and Adolf Roguli from CLSA changed slightly.

"45 votes against, only 15 votes in favor"

They are long the shares of Hang Seng Bank during the day today.

A lot of people really want to see that the negative votes have always been ahead of the positive votes, and they are worried that the global financial and banking stocks will plummet.

Although the stock price of Hang Seng Bank is stable, other financial institutions and investors will sell it.

"Why are there so many negative votes?"

Jiao Xiongbing, Adolfo Roguli's heart ached.

Li Songwei from Yiqun Securities, You Zhenxuan from Orient Securities, Jiang Jiwei from Dali Securities, Yue Runlin from Gaoxin Securities, and Ju Debiao from Fengnian Securities were very excited.

Because Wachovia's stock price has fallen to $2.50 per share, they still have a floating loss of $200 million on their books.

"Continue to fall"

"Keep falling and don't stop"

"keep falling"

"This $700 billion bailout plan will definitely be rejected, the global stock market plummeted, and then Wachovia's negotiations with Citibank and Wells Fargo broke down, and then went bankrupt"

"Blackshirt investment banks will lose everything"

···

Soros Quantum Fund.

Vice President Lorgar Bowles put down his teacup and stared intently at the Wachovia stock price chart.

There have been a lot of things in the past two days. It was said that 700 billion was rejected and a provisional agreement of 250 billion was to be reached, but that was just what the leaders of the Congress said verbally.

"It seems that the $700 billion bailout plan is going to be rejected, and this time it can be liquidated below $1 per share"

Soros Quantum Fund currently holds a short position of 100 million shares of Wachovia Bank, with a position of $6 per share.

According to Soros' instructions, after the voting results come out, he will close the short position of Wachovia Bank.

Soros, on the other hand, is watching the stock index futures chart in his office, and he will short the Dow Jones Index at any time.

At this time, the Dow Jones index fell another 100 points.

"This time the U.S. Congress should reject the $700 billion bailout plan."

Thinking of this, Soros began to short the Dow Jones Index.

5000 lots!

5000 lots!

5000 lots!

··

At this moment, Minghui International Securities Co., Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu looked at the negative votes all the way ahead of the positive votes. The Dow Jones Index, the Nasdaq Index, and the Standard \u0026 Poor’s Index were all plummeting, and basically all U.S. stocks were falling.

It was horrible.

They bought 60,000 hands of the Hang Seng Index during the daytime today. The U.S. stock market plummeted tonight. You can imagine how badly the Hong Kong stock market will fall tomorrow morning!

At this moment, the four of them were already pale with fright, and their backs were covered with cold sweat.

The four of them were very panicked, as if they were standing under the corner of an avalanche, a sense of hopelessness and powerlessness emerged spontaneously.

The heart is already on the verge of collapse.

"Paralyzed, how could this be?" Zhang Huiming stared at the number of votes on the CNN live TV channel.

He never expected that there would be so many negative votes, and he was simply pissed off.

Qian Mingyuan was sweating profusely on his forehead, and said in a trembling voice, "Why is this happening?

So many negative votes!

what to do?

Are we doomed? "

Thinking of the sharp drop in the U.S. stock market tonight, and the opening of the Hong Kong stock market tomorrow, it will definitely drop sharply, and their accounts may be liquidated by then.

Thinking of this, he stood up restlessly, panting, and stared at the CNN live TV channel with fear on his face, for fear of missing a vote.

Jia Baowei looked at the screen with a grim face, praying that he must pass.

Jin Xu's face was extremely red, obviously caused by excessive tension, the tip of his nose and forehead were covered with beads of sweat.

Seeing that the negative votes were much higher than the positive votes, his whole body trembled.

The Peninsula Hotel in Hong Kong.

Nehru, Sandeep Bhatra, Ratan Tata, Feroz Sanghavi, Anand Mahindra, Raju Shrov, and Kirayu Amin were drinking tea.

Everyone has different faces. Nehru, Sandeep Bhatra, and Ratan Tata are looking forward to a sharp rise in the stock market and the passage of a $700 billion rescue plan.

In this way, they can save less money on AIG Group and make money on Citibank.

"Paralyzing, this $700 billion rescue plan is hopeless"

"Hey, let's call the Huaxia people this time and discuss the settlement price."

"That's what I thought too, idiot, just lose less money"

The three really planned to negotiate with the Blackshirt Group again.

The previous two negotiations were fruitless.

The first time they wanted to settle at a price of $100 per share, and the second time they wanted to settle at a price of $40. This time they had to continue the negotiation, and it was estimated that they would settle at a price of $30 per share.

Feroz Sanghavi, Anand Mahindra, Raju Shroff, and Khilayud Amin hope that Wachovia's share price will plummet, or go bankrupt, leaving Blackshirt Investment Bank with nothing to lose.

"Damn, this $700 billion bailout is gone"

"Although I was surprised, I was very happy inside"

"Yeah, me too, this Wachovia Bank is going bankrupt"

"I hope the stock price will plummet, and then we will be able to buy HSBC, Wells Fargo, and Bank of America in the future."

In the Black Shirt Investment Bank, Wang Guanxi and others were drinking tea, watching the negative votes lead the positive votes, everyone was very excited.

Fund No. 1 is shorting the Hang Seng Index, Fund No. 2 is shorting Citibank, and Blackshirt Insurance is shorting American International Group. They are big shorts.

Of course, there are also black shirt hedge funds shorting Hong's alliance, Huang's consortium, and listed companies under the Zheng's consortium.

If the US$700 billion is rejected, the global stock market will plummet, which will be very beneficial to Fund No. 1, Fund No. 2, black shirt insurance companies, and black shirt hedge funds.

And it's not good for the black shirt investment bank that bought the bottom of Wachovia.

Bai Weiqiang said excitedly: "Boss, the US White House's $700 billion rescue plan will definitely not be passed this time. The global stock market has plummeted, haha"

It turned out that he thought that there would be a big turning point, but he didn't expect that the negative votes were always ahead of the positive votes.

Obviously, the $700 billion bailout plan will be rejected by Congress, causing panic in the global financial markets.

Now the U.S. stock market has plummeted, and the Hong Kong stock market plummeted the next day. I don’t know how much money I can make this time, and I get excited just thinking about it.

Zhang Dexi also said: "This time the Indians will cry to death.

Haha, there are also the Hong Alliance, the Zheng Consortium, and the Huang Consortium. Their stock prices will continue to plummet.

Moreover, the banking system is also very panicked. At that time, their listed companies will definitely be withdrawn by the bank or refused loans. "

The denial of the $700 billion rescue plan would be catastrophic for the global financial markets.

Needless to say, the Indians continue to suffer big losses.

As for Hong Kong's Hong Kong Alliance, Huang's Consortium, and Zheng's Consortium, the market value continues to shrink sharply, and the Hong Kong Alliance must be completely finished.

Previously, the companies under the Hong Alliance received capital injections from Dao Heng Securities and CLSA, and continued to survive.

It’s different now. Dao Heng Securities and CLSA were scammed by the black shirt investment bank, and they were tricked into doing too much Hang Seng Bank. At that time, they would definitely be trapped. There was no extra money, and it was the turn of the black shirt group to harvest the listed companies under the Hong Alliance.

Wu Zhankun also laughed and said, "I don't know if the Indians will call to negotiate with us."

After all, settlement through negotiation is better than liquidation in the market. Blackshirt Insurance Company shorted 5 million AIG shares. When closing the position, it bought 5 million shares in the market and returned them to the party that borrowed the stock.

At that time, let the Indian Tata consortium directly settle the 5 million shares of American International Group's shares held by the blackshirt investment bank at the market price.

Wang Juehao said excitedly: "I guess the Indians will definitely come to negotiate with us.

If they don't negotiate, we will close the position directly in the market, and then they will have no chance to settle according to the price that can be negotiated. "

He felt that the Indians would definitely call to negotiate.

After all, I have made two phone calls to negotiate before, but the price was not right.

Both sides actually want to close their positions at a reasonable price.

At this time, Huang Shao turned on the phone and rang. It was Sandeep Batra, President of Asia-Pacific of Industrial Trust Investment Bank of India.

On the phone, Sandeep Batra asked for a price of 35 US dollars per share, and settled the shares of AIG Group.

"Mr. Huang, how about the price settlement of 35 dollars?"

Wang Guanxi said to Huang Shaokai: "For $30, give them 20 minutes to think about it"

So Huang Shaokai said to Sandeep Batra on the phone: "Batra, our price is 30 US dollars per share"

On the phone, Sandeep Bhatra said: "$30 is too low, $35, you are making $25 million less"

But Huang Shaokai still refused and said: "This is not acceptable, Mr. Batra, if you disagree, we have to wait until the price is 30 US dollars per share to close the position at once."

Sandeep Batra hung up the phone directly, with an angry face, and slapped the table fiercely, "Damn, these Chinese people are so greedy!"

"They insist on settlement at $30 per share"

Nehru's face was full of anger: "Is this Chinese tm not willing to lose 25 million US dollars?"

"Grass!"

Ratan Tata struggled for a while and said: "We still settle at the price of 30 US dollars, and the stock price of AIG Group has fallen to 32 US dollars per share."

As he spoke, he pointed to the stock price chart of AIG Group.

Sandeep Batra: 'Wait till the results of the vote are out'

"Then wait a little longer," Nehru sighed.

At this time the turnaround came.

The number of votes in favor gradually catches up with the votes against

60 votes in favor, 75 votes against

70 votes in favor, 84 votes against

100 votes in favor, 105 votes against

105 votes in favor, 109 votes against

Nehru, Sandeep Bhatra, and Ratan Tata were suddenly excited.

"Paralyzed, luckily I didn't agree to the Huaxia people just now"

"Yeah, the share price of aig group is going up"

"Citibank's share price is also going up"

The Blackshirt Alliance, Jiao Xiongbing from Dao Heng Securities, and Adolf Roguli from CLSA had a happy expression on their faces.

"I knew it would pass"

"Huhu, there is no danger, it seems that passing is inevitable."

Dao Heng Securities and CLSA have jointly longed Hang Seng Bank, so they naturally hope that the global stock market will skyrocket.

Li Songwei from Yiqun Securities, You Zhenxuan from Orient Securities, Jiang Jiwei from Dali Securities, Yue Runlin from Gaoxin Securities, and Ju Debiao from Fengnian Securities changed their faces drastically.

"Wachovia shares are starting to rise again"

"Damn it was down to $2.00 a share and now it's up"

"Paralyzed, don't pass"

"Crap, did Wachovia's share price hit $2.6 per share?"

"Paralyzed, it has reached $2.7 per share"

At this moment, Minghui International Securities Company, Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu were all excited.

They bought 60,000 hands of the Hang Seng Index, and now the votes in favor will overtake the votes against, which means that the $700 billion bailout plan will be passed.

"Haha, this time we are going to make a lot of money"

"Yeah, yeah, I didn't expect God to still take care of us"

"This time the global stock market surge is inevitable"

"Tomorrow when the Hong Kong stock market opens, we'll just lie down and make a lot of money, Wahaha."

Soros Quantum Fund, Soros shorted the Dow Jones Index before, but unexpectedly the Dow Jones Index turned around and skyrocketed.

God!

This was really beyond his expectation. It meant that the $700 billion vote was going to pass?

Thinking of this, Soros couldn't help taking a breath.

"I'm still waiting for the results to come out before entering the market."

Without the slightest hesitation, he decisively stopped the loss, closed the short list of the Dow Jones index, and lost 300 million US dollars.

He left the office angrily and asked Vice President Lorgar Bowles to pour him tea.

Lorgar Bowles also looked at the voting results in horror.

Wachovia's stock price is on the rise, and it has rushed to $2.90 per share.

Now the results of the voting, the negative votes and the positive votes are still deadlocked.

156 votes against, 155 votes in favor

158 votes against, 158 votes in favor

170 votes against, 171 votes in favor

The votes for it outnumbered the votes against it.

The stock market continues to rise!

The Dow is up another 100 points!

Investors in the global financial market were excited, and those who had shorted before began to close their positions one after another, because the votes in favor were about to catch up with the votes against it.

"Damn it, what a surprise"

"Paralyzed, to pass, to pass"

"Haha, the stock market is starting to turn around and go up"

"It's cool, what the hell, the stock market is going to skyrocket, so buy the bottom and buy the bottom"

"Buy, buy!"

"Today the Dow Jones Index can definitely skyrocket by more than 400 points"

"Paralyzed, losing money, if I knew it earlier, I shouldn't be in a hurry to short" a trader at Barclays Bank.

"I'm stupid! Fortunately, I run fast, and I will lose a lot if I don't let this wave of skyrocketing." Royal Bank of Scotland trader.

"Grass, this $700 billion plan will be passed. Fortunately, I didn't hit the Dow Jones Index just now," said a Goldman Sachs trader.

"Hoohoo, this tm is actually reversed, the number of votes in favor outnumbers the votes against," said a trader at Credit Suisse.

UBS, Merrill Lynch, Morgan Stanley, Deutsche Bank, Mitsui Bank, Daiwa Bank, Sumitomo Bank, Shinji Bank, UOB, Standard Chartered, HSBC, Crédit Agricole, BNP Paribas, Société Générale... and other large financial institutions have bought the bottom.

There are also major hedge funds, Bridgewater Fund, Blackstone Group, Castle Investment, Millennium Management, d.e.shaw \u0026amp;amp;

The crude oil market also skyrocketed.

The dollar began to plummet.

···

Time passed slowly.

182 votes in favor, 180 votes against

185 votes in favor, 183 votes against

190 votes in favor, 189 votes against

Then there are 192 votes in favor and 195 votes against!

This negative vote surpassed the positive vote again!

God!

Suddenly the Dow Jones index turned around and fell sharply, re-scratching 100 points.

Financial stocks, bank stocks, technology stocks, and energy stocks all turned around and fell.

It's like playing a roller coaster, exciting and thrilling, but making money is fun, and losing money is painful.

Gradually, the distance between the negative votes and the positive votes was widened.

The bulls in the market have completely collapsed, and there is no hope in sight.

Huge shock in the financial market!

The final result was 228 votes against and 205 votes in favor, rejecting the Ministry of Finance's $700 billion bailout plan!

It was rejected!

Numerous financial institutions and investors have sold stocks, shorted the stock market, shorted crude oil, longed the U.S. dollar, longed gold and silver, sold commodities, and bought U.S. five-year and ten-year treasury bonds.

Financial markets are seething.

The happiest one is undoubtedly Wang Guanxi.

The stock price of American International Group plummeted, falling directly below 30 US dollars per share, and plummeting all the way, falling to 20 US dollars per share.

Citibank's stock price fell sharply, from a position of 210 to 190 US dollars per share.

Shares of Wells Fargo fell to $33 per share.

Bank of America Corp. shares fell to $30 a share.

HSBC Bank of America shares fell to $70 per share.

Wachovia fell to $1.50 per share.

··

At this time, the Indian called again. It was Ratan Tata from the Tata consortium, hoping to settle the transaction at the market price of $20 per share.

Wang Guanxi also agreed.

Direct settlement at the price of 20 US dollars per share, the Tata consortium held 6.5 million shares, and took out 5 million shares to trade with the black shirt insurance company.

If the Blackshirt Insurance Company wanted to close its short position of 5 million shares, it had to buy 5 million shares in the market, while the Tata consortium needed to sell 5 million shares, and the deal between the two parties was reached.

Settling at a price of US$20, Blackshirt Insurance Company shorted 5 million shares and opened a position at US$388 per share, earning a total of US$1.84 billion.

The 5 million AIG shares of the Blackshirt Insurance Company were borrowed from the Industrial Credit Investment Bank of India, India Private Pension, BlackRock Group, Citibank, and UBS. The 1 million shares borrowed per share structure are now fully returned to them.

A total of $27 million in interest was paid.

Five institutions including ICICI Bank, India Private Pension, BlackRock, Citibank, and UBS suffered heavy losses.

Compared with their losses in the stock market, this interest is insignificant.

With 1.814 billion US dollars remaining, Wang Guanxi took out 14 million US dollars, of which 9 million US dollars were used as the daily operating funds of the black shirt insurance company, and the remaining 5 million US dollars, or 38.75 million Hong Kong dollars, were used as bonuses for several horsemen.

The remaining US$1.8 billion, plus the principal of US$1.677 billion, adds up to US$3.477 billion and remains in the account, which can be used to short Wells Fargo, HSBC, or Bank of America.

The Tata consortium of India, the Industrial Credit Investment Bank of India, and private pension funds in India have also all cleared their positions.

ICICI Bank, previously bought 1 million shares of AIG Group, opened a position at US$600 per share, and lost US$5.8 after closing the position!

The Indian private pension fund had also longed 1 million shares of AIG Group before, and the opening position was also at US$600 per share. This time, it also lost US$580 million on closing the position.

The Tata consortium lost even more, holding 6.5 million shares of American International Group, with a position of 380.00 US dollars per share, and a loss of 2.34 billion US dollars.

It can be described as appalling.

This time, the three financial institutions lost a total of US$3.5 billion.

According to the exchange rate between the Indian rupee and the US dollar, 1:47.

They lost a total of Rs 164.5 crore.

Nehru, Sandeep Bhatra, Ratan Tata, the three were very frustrated, unwilling, regretful, and angry.

Sandeep Batra said extremely unwillingly: "There is also Citibank, we must not lose"

At present, the stock price of Citibank has fallen to 193 US dollars per share. This time, the Industrial Trust Investment Bank of India fought against the black shirt group and bought 6 million shares of Citibank.

The Indian private pension fund holds 5 million shares of Citibank, with a position of 136 US dollars per share, and a floating profit of 285 million US dollars on the book.

And the people of the Blackshirt Group also plan to short more American bank stocks.

Thinking of this, Nehru said: "The Huaxia people still plan to short Wells Fargo, Bank of America, and HSBC. Let's stop them again."

Ratan Tata struggled for a while and said: "It's good if we lend them the stock. The matter of stopping the Chinese people is handed over to Feroz Sanghavi, Anand Mahindra, Raju Shroff, and Jilayu Amin. The four of them should be very interested."

"Yes"

"Let's cultivate for a while, let's make a good summary"

They fought against the Chinese in Fannie Mae, American International Group, Washington Mutual, and Citibank, and they suffered heavy losses.

Although I was unwilling and resentful in my heart, I had no choice but to continue mobilizing funds to continue working.

Imperial Bank of India, Bank of India Baroda, Indian Overseas Bank, and Union Bank of India are all bad guys, let these guys do it with the black shirt group.

Thinking of this, Sandeep Batra said: "Feroz Sanghavi, Anand Mahindra, Raju Shroff, Jilayu Amin, these Chinese people are planning to short Wells Fargo, HSBC, and Bank of America Corporation.

They have a lot of spare money, don't they plan to increase their holdings of these big international banks?

Now is a good opportunity to stop the Blackshirt Group, when the time comes to split its insurance business and securities business."

The Indian Bank of Baroda, Indian Overseas Bank, and Union Bank of India currently have a lot of money, and they plan to buy stocks in major international banks and set up directors to facilitate international cooperation.

And their Industrial Trust Bank of India holds a large number of Wells Fargo shares, which they bought in July 2008, with an average opening position of US$22 per share. Now the share price of US Wells Fargo Bank is US$35.00 per share.

India's Bank of Baroda wants to buy their Wells Fargo shares, but he doesn't plan to sell them.

Isn't this Huaxia person planning to become the Wells Fargo Bank in the United States?

Just let the Bank of Baroda, India go up and do it.

And HSBC Bank of America, what about Bank of America Corporation?

This black shirt group is simply arrogant, planning to short so many large international financial institutions!

Let the Bank of Baroda, Indian Overseas Bank, and United Bank of India kill the Black Shirt Group, and he will be rewarded for his revenge. He can also split the insurance business and securities business of the Black Shirt Group.

Nehru also said: "The insurance companies and investment banks under the Blackshirt Group all have licenses in the mainland, and you can go to these Chinese people to cut leeks."

Ratan Tata also said: "Black shirt hotel holding company, black shirt leasing company, and black shirt international trust company also have business in the mainland. If everyone breaks up the black shirt group and splits it up, we can gain more markets. It will be much easier to cut leeks."

The Industrial Trust and Investment Bank of India, the Indian private pension fund, and the Tata consortium have repeatedly blocked the Blackshirt Group from wanting to split it, but the Blackshirt Group has done so well that the chrysanthemums are cold.

The three of them also have no right to continue to mobilize funds to attack the black shirt group.

Of course, it's not that they have no ability, but that they need to take a break.

They have so much assets, they can afford to lose, and the black shirt group loses once, and they are playing ball.

Now to kill the Black Shirt Group, it is best to borrow strength. The strength of the four giant banks of the Imperial Bank of India, Bank of India Baroda, Indian Overseas Bank, and Union Bank of India is not weak at all.

Although they are directly in a competitive relationship and have had festivals, there are no permanent enemies, only permanent interests.

This time everyone has a black shirt group that wants to kill them together.

Feroz Sanghavi of the Imperial Bank of India wiped his crew cut, and said coldly: "If the Chinese are shorting Wells Fargo, Bank of America Corporation, and HSBC, they just don't know the heights of the sky and the earth, and it's no different from courting death. I can also borrow the shares of Bank of America Corporation to short them!"

Their Imperial Bank of India owns a large amount of Bank of America stock, and they will not sell it wherever they are. If the Chinese are shorting the Bank of America, that would be great. They can lend it to the Chinese and collect interest every day.

Anand Mahindra of the Bank of Baroda in India touched his black and white beard on his chin and said, "These Chinese people dare to come to the Wells Fargo Bank of the United States, and I will make their chrysanthemums rot in minutes!"

Anand Mahindra couldn't wait any longer. He originally planned to buy Wells Fargo's stock, and the Chinese came to short it.

Raju Shroff of Indian Overseas Bank took off his big red glasses and said, "Don't worry, as long as they dare to short, I will definitely stop these Chinese people who don't know how to live or die."

Now the Blackshirt Group has mortgaged most of their assets to them. If they blow up the Blackshirt Group this time, they will not only make a lot of money, but also get a lot of assets they want.

Jirayoth Amin, head of Union Bank of India, wiped his long curly hair, raised the corners of his mouth slightly, and said, "If these Chinese people dare to move, they will surely die." Mobile phone users value life and better user experience.