Chapter 2278 Sky God is so terrifying!
Pan Yiyi responded unconvincingly: "Hegemony has an insurance system. If a bank goes bankrupt, the insurance institution will take care of it! Turtle Valley Bank has not declared bankruptcy yet. I believe Hegemon officials will definitely give an explanation!"
Like Pan Yiyi, many people who have bought Silicon Valley Bank financial products or saved money have echoed:
"Turtle Valley Bank has insured depositors' deposits with Baguo Deposit Insurance Company. This can be checked. Even if it goes bankrupt, we can still get the money back, so you don't have to worry about it!"
"They haven't even gone bankrupt yet, and you're already gloating about their misfortune?"
"The money we spend to buy financial products is just pocket money, unlike you poor people who only deposit life-saving money in the bank."
"We are all from Daxia. I really don't understand why our compatriots are being cheated out of their money. Why do you take pleasure in others' misfortune? What about your quality?"
"..."
But at this moment, an announcement from Hegemony made these people collectively climax!
"The Secretary of Finance, the Federal Reserve Bank of Hegemony, and the FDIC issued a joint statement stating that depositors of Turtle Valley Bank will be fully protected and will allocate funds to repay depositors' deposits as soon as possible!"
Pan Yiyi and those who didn't listen to Chen Mo's advice were almost as if they had received an imperial edict. They almost cried with joy and were so proud!
Pan Yiyi posted directly: "Did you see it! This is the style of a great country!"
Others commented:
"Hey, why did you get slapped in the face so quickly?"
"When the bank collapsed, the country took over the bank the same day!"
"The number one in the world deserves to be the number one in the world!"
"May I become a hegemon in the next life!"
"..."
Not long after.
Pan Yiyi asked the secretary slightly relaxedly: "How is the contact with Turtle Valley Bank? When will the money be returned?"
The secretary hesitated to speak.
"say something!"
"Didn't the officials of the overlord country issue announcements saying they would support the situation?"
Pan Yiyi said hurriedly.
The secretary trembled and said: "Just now... I called and asked, and they said that Baguo Deposit Insurance Company is now responsible for paying the compensation.
So I called Baguo Deposit Insurance Company. According to the insured amount of Turtle Valley Bank, the maximum compensation was only 25.
Moreover, the 25 yuan must be repaid in 24 installments. "
Pan Yiyi almost couldn't breathe: "25? Are you kidding me?"
I originally thought that 10 billion would cover everything, but now...you told me that you can only pay 25? !
Who can bear this?
"Mr. Pan, this is the truth. Accept the reality. You really won't get your money back." The secretary said helplessly.
Pan Yiyi was not convinced and called dozens of Baguo executives he knew, but the answers he received were all the same as what his secretary said - a maximum compensation of 25.
The most those executives can do is use their connections to get the 25 paid to Pan Yiyi in one lump sum.
This is already the best result.
But 25, compared with 10 billion, what is the difference between that and no compensation?
Pan was so angry that he almost had a heart attack.
After calming down, Pan Yiyi re-examined the entire process of the thunderstorm at Turtle Valley Bank, only to realize that it was full of magic!
One month before the thunderstorm, Turtle Valley Bank raised its credit score. Half a month before the thunderstorm, some major customers left early. One week before the thunderstorm, super-high bonuses were given to executives. The day before the thunderstorm, they even asked for the bonus from the official. , and urgently distributed billions of financial products. On the day of the thunderstorm, they stopped trading, took over the bank, went bankrupt and liquidated... This set of tricks was so smooth that it took people's breath away!
Pan Yiyi even found out that a few hours before the bastard Turtle Valley Bank collapsed, it urgently paid bonuses to its employees and scraped off all the last money in the account!
This is definitely an organized and premeditated bankruptcy!
At this time, the news broadcast an interview with William, CEO of Turtle Valley Bank Financial Group:
"An incredibly difficult 48 hours led to the collapse of Turtle Valley Bank."
"We made countless efforts to recover, but in the end the malicious short selling by the Kongshen camp succeeded."
"I can't imagine what you are thinking about, your jobs, your future..."
After reading the news, Pan Yiyi couldn't stand it anymore and collapsed.
"Liar!!! They are all fucking liars!!!"
It was obviously William who deceived depositors like them, and now he is still saying such high-sounding words in an interview, which is simply full of ridicule!
the other side.
Moyuan Securities Department.
Han Li and other traders stood up and applauded!
Let Turtle Valley Bank go bankrupt in 48 hours!
This kind of short selling speed can be said to be unprecedented!
Chen Mo once again used his methods to prove his strength.
"The first card of the domino has fallen. Turtle Valley Bank has gone bankrupt. Will the bankruptcy of dozens of other banks we shorted be far behind?"
Chen Mo asked loudly.
"Won't!!!"
Han Li and others used all their energy and said angrily.
Chen Mo continued his short-selling operation that made the entire banking world tremble.
The next day.
Chen Mo had someone post a message online: "Depositors of Signature Bank, quickly withdraw your money and run away! Don't buy any more of the bank's lining products! The Sky God is going to attack Signature!"
This time, public opinion takes the lead, which is much better than last time!
Market panic has completely spread in the banking world of the hegemonic country!
When countless depositors saw this news, combined with the news that Turtle Valley Bank collapsed within 48 hours, they went crazy and ran to Signature Bank to withdraw money!
All those who purchased financial products did not want interest and insisted on returning the principal!
In just one morning, the money in the signature bank account has been withdrawn!
The stock price plummeted 75% and was forced to stop trading!
That afternoon, many depositors had just received the news, and as soon as they were on their way to the signature bank to withdraw money, they received the bad news!
The Financial Secretary of Baguo, the Reserve Board of Baguo and the Baguo Deposit Insurance Corporation jointly issued a statement announcing the closure of Signature Bank on the grounds of "systemic risk"!
Depositors are all in the dark.
After all, Turtle Valley Bank managed to hold on for 48 hours before collapsing. Why did Signature Bank collapse within half a day?
You must know that its scale is larger than Turtle Valley Bank! ! !
Two banks closed down in three days!
Such a terrifying short-selling operation caused a worldwide sensation!
Countless economists, think tanks, and entrepreneurs have expressed their opinions:
"The god of the sky is not called this name for nothing! He is really the god of the sky!"
"I originally thought that after Chen Mo shorted the abx index, he would stop it when things got better. Unexpectedly, he made a bigger move!"
"When God comes, even the most brutal falcon will prostrate itself at His feet!"
"Two of the world's top banks went bankrupt in three days... Oh my God, this is something I never dreamed of!"
"If this continues, the hegemonic country will not only have a subprime mortgage crisis, but it is also likely to erupt into the largest economic crisis in history!!!"
"Sky God, so terrifying!!!"
