Rebirth of the Financial Crisis Sweeping the World

Chapter 467 467 net worth US$5.25 billion!

Soon the Dow Jones index fell to 8,400.

In the trading room of the Huntington Bank Building, everyone was excited.

Wu Zhanhai jumped up excitedly, "The Dow Jones Index has dropped 200 points!"

Wu Hongsheng was also excited: "The bulls in the market are collapsing."

Li Guangyu: "The unemployment rate has indeed reached a record high."

Wang Guanxi took a sip from the teacup and said, "Evan Cardinal is finished this time."

Lu Jianyan agreed: "Now Evan Cardinal will definitely be crying in the toilet."

Guan Zhenyi also echoed: "Let Cardinal Hedge Fund lose enough this time!"

Lin Jiyang said excitedly: "There will definitely be a large number of bulls liquidating their positions today. I wonder if Evan Cardinal will liquidate his positions?"

Wang Guanxi smiled and said: "I hope he will liquidate his position later. We don't even plan to liquidate our position!"

Currently, Wang Guanxi’s Fund No. 1 has a surplus of 600 points on its account, totaling US$1.5 billion, and the net account value is as high as US$4.3 billion.

But suddenly the Dow Jones index was supported and fluctuated at 8,400.

At this moment, the Feld Group Building.

Soros, Feld, and Milos Messi were also overjoyed.

This time they made huge profits from shorting the Dow Jones Index.

Soros said excitedly: "I didn't expect that the unemployment rate in the United States has reached a 26-year record high, and the Dow Jones Index has fallen to shit. We have a lot of money floating around on our books, but Wang Guanxi must also have a lot of money floating around."

Feld: "Yeah, this time we let that kid Wang Guanxi ride on our coattails. At that time, we consumed a lot of funds from the Cardinal Hedge Fund, and then Wang Guanxi took action. This time, we let him get it for nothing." money”

Milos Messi also said: "Although I don't like Wang Guanxi very much, it's good that we all work together to suppress the Cardinal Hedge Fund and make dumplings of Evan Cardinal this time."

Soros thought for a while and said: "I hope Wang Guanxi is also a long-term short seller this time and does not ruin our long-term short-selling plan."

Feld said: "Whether he is a long-term short or a short-term short, it will not affect our long-term short position."

Milos Messi also said: "Even if Wang Guanxi closes his position, it will not affect the Dow Jones Index falling below 8,000."

Soros: "I hope so"

Feld said: "The Dow Jones Index is temporarily supported.

Let’s issue a negative report”

"Good" Then Feld Group, Soros Quantum Fund, and Macy's Hedge Fund released reports that the economy will continue to decline.

Huntington Bank Building, in the trading room.

Wu Zhanhai: "BOSS, Soros, Feld, Milos Messi and others are releasing reports on economic recession"

Wang Guanxi smiled and said: "This is a good thing, let them do it, we can just lie down and collect the money."

Then he took a look at the Dow Jones Index, which was still oscillating around the 8,400 level.

"It should be that many short-term short positions have taken profits, which has temporarily supported the Dow Jones Index."

Hours later, the Dow Jones fell again.

8380

8375

8356

8350

···

It finally closed at 8200.

The Dow Jones index plummeted 400 points that day!

Plunged from 8600 to 8200!

On the daily chart, there is a big negative line.

Soros Quantum Fund claims: This is a necessary process for market recovery, and negative factors are inevitable. Soros believes the unemployment rate may rise to 11%.

At this moment, in the Cardinal Building, Evan Cardinal's face turned pale, and there was a chill on his back.

He already has a floating loss of US$4.8 billion on his books!

"damn it!"

"Why is this happening!"

"Why!"

He gripped his hands so hard that his nails dug into his palms.

Currently, he still has $200 million in available funds in his account. If the Dow Jones index falls another 34 points, his account will be liquidated.

He is not willing to give in!

He plans to borrow another $1 billion.

He immediately called SunTrust Bank and Northern Trust Bank and asked to continue the loan, but the other party said they would consider it.

He had no choice but to call the people at Huntington Bank and Fifth Third Bank, but when he was about to call, he hesitated.

At this moment, everyone in the Huntington Bank Building was extremely excited.

Today the Dow Jones Index plummeted 400 points. Fund No. 1 had a profit of 800 points on its account, with a total profit of US$2 billion. The net account value was as high as US$4.8 billion.

Wu Zhanhai said excitedly: "BOSS, we have made a lot of money this time. The unemployment rate has indeed reached a record high."

Wu Hongsheng said excitedly: "Today the Dow Jones Index plummeted 400 points, and it will definitely continue to plummet tomorrow!"

Li Guangyu: "Then Evan Cardinal must have been liquidated, right?"

Wang Guanxi yawned: "The position should not be liquidated yet. Maybe he will add additional funds and continue to fight!"

Lu Jianyan asked: "BOSS, where should we wait for the Dow Jones Index to fall to close our position?"

Wang Guanxi thought for a while and said: "Let's wait and see what happens. We are short-term this time and will not hold the short order for too long."

Guan Zhenyi said: "BOSS, we can wait for the Cardinal Hedge Fund to explode."

Lin Jiyang also said: "Yes, if Evan Cardinale can't borrow the money, he will definitely liquidate his position, and he will be able to close our position at that time!"

At this time, Stephen Stano, CEO of Huntington Bank, said: "BOSS, Evan Cardinal wants to loan us US$1 billion."

Wang Guanxi asked: "Why did you suddenly ask us for a loan? Didn't SunTrust Bank or Northern Trust Bank give Evan Cardinal a loan?"

Alan Fishman, CEO of Fifth Third Bank, said: "Boss, I don't think SunTrust and Northern Trust gave Evan Cardinal a loan. Are we going to give Evan Cardinal a loan?"

Wang Guanxi said: "Let him mortgage Cardinal Health Group's equity to us!"

"Yes, BOSS!" Then Alan Fishman and Stephen Stano quickly went to notify the Cardinal family.

The Cardinal family holds 25% of the equity of Cardinal Health Group, of which 10% is Class B shares and 15% is Class A shares. Class B shares have 10 voting rights per share, and Class A shares have 10 votes per share. Each share carries one vote.

The Class B shares alone control 52.8% of the company’s voting rights. The Cardinal family firmly controls Cardinal Health Group!

Evan Cardinal didn’t expect that Huntington Bank and Fifth Third Bank would ask to mortgage control of Cardinal Health Group!

"Probably targeting Cardinal Health Group," Evan Cardinal sneered, "Dreaming!"

"I'm just borrowing funds temporarily!"

At this time, the phone rang again. It was from someone from Huntington Bank, saying that the loan was changed to a no-interest mortgage loan. However, there was a condition for this loan, that is, Huntington Bank and Fifth Third Bank could make it at any time according to the Cardinal family's request. If the Cardinal family cannot raise $1 billion to repay the loan, Huntington Bank and Fifth Third Bank will have the right to dispose of the mortgaged equity.

"Haha, it's only 1 billion US dollars. If the Dow Jones Index stops falling, I'll be fine. The Dow Jones Index must have reached its lowest position now."

Evan Cardinal then mortgaged 25% of Cardinal Health Group's equity to Huntington Bank and Fifth Third Bank, obtaining a $1 billion loan.

Cardinal Health Group's current market value is US$6 billion, and its 25% equity stake is worth US$1.5 billion. However, Huntington Bank and Fifth Third Bank still agreed to lend US$1 billion.