Chapter 585

Before Paulson announced that he would not lend to Lehman, mark had persuaded the foundation to sell a large number of short futures. With Sophia's contacts, she had received the news before the Fed made a decision, half a day earlier than the official announcement.

Half a day to decide the outcome.

Sophia has doubts: "the subprime mortgage crisis has been nearly a year. Why do you think it will collapse now?"

Mark said: "we all know that people on Wall Street are a group of naked swimmers, but the people don't know! The end of Lehman Brothers will show their ugliest side to the people, which will make people's only hope disappear. It's the most terrible not to see hope."

Sophia said, "are you so sure?"

"Of course!"

As a national treasure level strategic investment expert of MM group, mark has few opinions, but every point he puts forward is regarded as important research data.

The Fed's think tank also consulted mark on the subprime mortgage crisis.

This time mark didn't hide and tuck in. He said it directly and threw all the dry goods away.

He described the government's rescue action as blocking the dam that will collapse sooner or later, but it will be blocked every day. Now we must formulate a response mechanism for the market collapse. For the banking industry, one rescue one, which is conducive to condensing people's confidence in the market.

However, in view of his good relationship with the banking industry, this proposal, which was considered the best and most appropriate afterwards, was shelved. Someone was laughing, and mark became a lobbyist in the banking industry.

Moreover, he is the only one who can save the United States and is not valued by others.

However, as the chairman of the Wang family foundation, Sophia began to sell short the futures index with all her strength. She has full confidence in mark. This stems from the fact that the family assets exceeded 40 billion in five years. Mark is an excellent filmmaker, a "master of capital operation" and an "investor with talent and strategic vision". Therefore, as the chairman and parent, Sophia decided to listen to mark.

The foundation makes every effort to build positions and sell short futures. In this super casino on Wall Street, it is always the world of people who lick blood with a knife and draw chestnut from the fire. If you dare to vote, someone dares to take orders.

In just a few days, the fund's securities companies sucked in a large amount, established short positions on a large scale, and sold out nearly billions of dollars of futures.

Sure enough, after the finance minister announced the news, Lehman Brothers' share price fell again and again, and finally fell to 18 layers of hell. It was not allowed to exceed its life. After there was no way to help, it applied for bankruptcy and entered bankruptcy protection proceedings.

The outside world, as mark guessed, the collapse of Lehman Brothers showed the most hypocritical and ugly side of Wall Street to the people, which was simply disappointing. With the disappointment of investors and the rapid occurrence of herding, the stock market inevitably collapsed.

Countless people's wealth evaporated like steam, and a large amount of social wealth evaporated with it. This huge loss is nearly five trillion, nearly half a year's GDP. The greed of bankers will be paid by the American society.

At this time, an extremely funny thing happened. At 10 a.m. on September 15, Lehman Brothers, the fourth largest investment bank in the United States with a history of 158 years, applied to the court for bankruptcy protection.

The news spread to all corners of the earth through television, radio and network in an instant. It is unimaginable that under such a clear situation, the German National Development Bank transferred 300 million euros to the bank account to be frozen by Lehman Brothers through the computer automatic payment system according to the transaction of foreign exchange swap agreement 10 minutes later.

There is no doubt that the 300 million euros will be the meat buns and dogs. After the transfer storm was exposed, all sectors of German society were shocked and made an uproar. It is generally believed that this loss should not have occurred, because the news about the bankruptcy of Lehman Brothers had been flying all over the world the day before, and the German National Development Bank should know that there are great risks in the transaction, And take preventive measures in advance.

Bild, Germany's largest selling newspaper, accused the German National Development Bank of being "the stupidest bank in Germany" in its front page title on September 18

The matter alerted the German Ministry of finance. Finance minister per steinbruck vowed: "we must find out the truth and severely punish the relevant responsible persons."

People can't help asking, in just 10 minutes, what happened inside the German National Development Bank, which led to such a stupid low-level mistake? Entrusted by the Ministry of finance, a law firm entered the bank with this problem for a comprehensive investigation

The investigators of the law firm successively asked dozens of employees in various departments of the bank. A few days later, they submitted an investigation report to the Congress and the Ministry of finance. The investigation report is not complex and profound, but records what the inquired personnel were busy with in these 10 minutes. However, the answer is here. Look what they are busy with.

Chief executive Ulrich Schroeder: "I know that the transfer will be made according to the agreement in advance today. As for whether to cancel this huge transaction, the board of directors should hold a meeting to discuss and decide. (" should "? Why don't you call and care about it?"

Paulus, chairman of the board of directors: "we haven't got the risk assessment report yet, so we can't make correct decisions in time. (why not urge the delivery? And send the relevant personnel to pay attention to the event)

Shi Lifen, Secretary of the board of directors: "I called the international business department to urge for the risk assessment report, but the line is always busy. I think I'd better call again later. (if you pay enough attention to this matter, why don't you take two more steps to ask face-to-face?).

Kruk, manager of international business department: "I'm going to take my whole family to the concert on Friday night. I have to call to book tickets in advance. (listening to the concert is more important than 300 million business?).

Immerman, deputy manager of international business department: "I'm busy with other things and don't have time to care about the news of Lehman Brothers. (all the senior management of this bank didn't pay attention to the Lehman incident? Daniel? They didn't take the five famous Wall Street investment banks seriously at all.)

"I asked the clerk to browse the news on the Internet and report to me as soon as there was news about Lehman Brothers. At that time, I was going to the lounge for a cup of coffee. (as an important business senior, let the assistant know where you are and bring your mobile phone at any time?)

Clerk struck: "at 10:03, I saw the news that Lehman Brothers applied to the court for bankruptcy protection on the Internet and immediately ran to hithofen's office, but he was not in, so I wrote a note and put it on my desk. I think he will see it when he comes back." (I think I'll see it when I come back. If I can't see it, since it's urgent, why don't you call or find someone? It's really inappropriate. Lehman Brothers is one thing.)

Delbruck, manager of the settlement department: "today is the trading day stipulated in the agreement. I haven't received the instruction to stop trading, so I'll transfer the money according to the original plan. (why don't you call to confirm again, maybe every" migrant worker "will have this subconsciousness. Anyway, it's the company's money, not mine.)

Mannstein, operator of the automatic payment system of the settlement department: "del Bruck asked me to perform the transfer operation. I did it without asking."

Mordel, manager of credit department: "I met struck in the corridor. He told me:" the news of Lehman Brothers bankruptcy, but I believe that Hitler HOFEN and other staff will not make low-level mistakes due to their professionalism, so there is no need to remind them. (why not make a phone call to care about it, not necessarily "remind" Yes, maybe the relationship between the two department managers is not very good)

Baker, manager of public relations department: "the bankruptcy of Lehman Brothers is a foregone conclusion. I want to talk about it with bird Ritchie Schroeder. But I have to meet some Croatian guests in the morning. I think it's not too late to see him in the afternoon. Anyway, it's not too late for these hours. (another senior manager who doesn't pay enough attention to Lehman)

Hahn, a German economic commentator, said that no one in this bank, from the chairman to the operator, was stupid. Sadly, almost at the same time, everyone left a little bit, and the result added up to create "the stupidest bank in Germany".

Just 10 minutes is enough to perform a tragedy, and these ten minutes are enough to leave an extremely humiliating mark in their career.

For the financial tsunami, mark did not intervene much and did not intend to make a big profit. Martin was different. After years of layout, he finally came to the place where his opponent jumped into the pit. He not only wanted his opponent to be impacted by the tsunami, but also baptized by the nuclear bomb, destroyed each other structurally, and started all over again, so as to become the founder of the new economic system Up to now, Martin has started playing the house of cards, and mark is still playing cards.

Martin is undoubtedly a powerful role, but his opponents are also not weak. They are more powerful and cunning. They adjust and layout, and gather a large number of troops. They are preparing to encircle Martin's forces and assets. Who knows, the financial tsunami is coming. The focus of the financial tsunami is the industry of the Morgan consortium. This financial tsunami like a crash has left them in a mess and have no time to take care of themselves.

At this time, Martin began to fight back, throwing out a large number of empty orders, which was as fierce as trying to destroy the financial system painstakingly established by the family for decades.

Martin's attack was fierce and fierce. If the other party didn't take the move, it would completely collapse Morgan, so they had to take the move passively.

The financial war between the two sides was launched all over the world. With the threat of the financial tsunami, the Davis group's offensive was groundbreaking at the beginning, and the old system was shattered and collapsed by them.

The subprime mortgage crisis that broke out in the United States last year has not only brought heavy losses to the United States, but also to the global economy. The bankruptcy of Lehman Brothers indicates that the crisis will further escalate and more large financial institutions will fall in this crisis. The collapse of front-line investment banks, the pillar of Wall Street, announced that the core of the U.S. financial system has been shaken, and the subprime mortgage crisis has officially evolved into a crisis A global financial storm.