Chapter 2260: Hegemony is great again!
Just as Chen Mo said, Bells and others are a submarine that has sunk into the deep sea, and the boss of Bells and others, the boss of Mogen Chase and the person in charge of the Federal Reserve are the crew members.
The current situation is that someone must sacrifice their own interests in order to be saved. If no one sacrifices their own interests to save the market, then Bells and others will be dead!
"I think the Fed should shoulder its responsibilities. Bales and others are concerned about the stability of the subprime mortgage market and the housing market. The Fed should stop arguing about whether it should be 28 days or a minimum of 28 days."
Jims said loudly.
The head of the Federal Reserve is named Rome Powell, and he has another identity, that is, the fourth god "Maker"!
Roma was very upset at this time.
It sounds like James is fearless!
Taking advantage of the fact that the Federal Reserve must rescue the market, they want to get the foundation's bailout funds for free.
"But that's not what you said before, Jims. You said that all your problems would be solved if we gave you a few days' aid.
Now, we give you a full 28 days of money and time, but you are still asking for more. I reasonably doubt that you can't pay back the money."
Rom knocked on the table and said patiently:
"How about this, if it really doesn't work, let Mogen Chase take over Bells and the others, and settle the debts together. This way, it will be good for you, me, and everyone else."
Jimmy Damon, CEO of Mogen Chase, couldn't help but twitch his lips when he heard this.
He is here to help make peace, not to help clean up the mess!
"If the Federal Reserve is willing to pay the purchase price, or is willing to lend us the money interest-free, then Mogen Chase is willing to facilitate the acquisition." Jimmy said with a smile.
Although his tone was very polite, he was unwilling to suffer any loss.
“I beg you two, the situation is very urgent now. My senior executives have consulted us for opinions over 80 times and are waiting for us to come up with the final draft!
Can we not bother with the 28-day clause? "
James said hurriedly.
Roma's face was full of an expression of being unable to hold it together, and his back teeth were almost broken.
It was you who insisted on changing the 28-day clause, but now you blame us for our delay?
Amid the debate among several people, Bob Upton, the financial director of Bells, rushed back and forth between the executives' offices, soliciting opinions from all parties on the content of the announcement.
After 180 minutes and 125 rounds of questioning, Oppton finally couldn't stand it anymore.
"The war has begun! The Air God camp and the Foundation are fighting on the battlefield of the ABX index. The total investment of both sides has reached 4 trillion, and the Federal Reserve has unprecedentedly cut interest rates by 200 basis points in one day.
They were still arguing over some minor details.
This matter must be settled immediately!"
Upton complained to Rich Metrick, a senior investment banker including Bears, "If it doesn't work, let the market know the news and force the Fed and Morgan Chase to help! I don't believe they dare not save the company!"
After saying this, Oppton took out all the manuscripts he had obtained.
But by this time the executives were no longer able to tell which was the final draft. Oppton did a quick check, grabbed a printout he thought was the final draft, and ran to the copier.
The head of the PR department, who had been waiting for the final version, shouted for the 200th time: "Bring that damn document over here!"
Metrick shouted at Upton, who responded by shouting, "I'm busy finishing the damn thing!" He rushed to the copier with manuscript in hand.
About a quarter of an hour later, at 14:13 p.m., Bell and other companies released an announcement through a business information platform, which immediately became explosive news that major news platforms and CNBC rushed to reprint.
"Mogan Chase and Federal Reserve Bank of New York officially provide financing to companies such as Bear Sterling!" the news headline read.
The announcement also said that Morgan Stanley and the Federal Reserve will jointly provide "secured loans" to Bear St and others, that is, loans guaranteed by collateral, and "the current loan term does not exceed 28 days."
The last sentence was deliberately added by Bells and others.
Ten minutes later, Mogen Chase issued a similarly worded announcement.
Curiously, neither announcement contained a statement from the Federal Reserve confirming its support.
Because all members of the Federal Reserve (i.e. the top executives of the foundation) have not had time to hold a meeting to formally approve this loan plan.
A few minutes later, Bells and other stocks that had applied for suspension resumed trading. It took only 12 minutes from the first announcement to the resumption of trading of Bells and other stocks. The pre-market prices of Bells and other stocks showed an astonishing surge, with an increase of more than 9%.
The mortgage traders on the firm's seventh floor were ecstatic.
"We are saved!" someone shouted.
Bells and others found that the CDS quotation corresponding to the CDO had dropped to the lowest point in several days.
Countless people began to mock and ridicule the Sky God camp headed by Chen Mo:
"Bells is the fifth largest investment bank in the country. How could it die so easily?"
"What about 'Bells Waiting Time' and 'Air God'? Spit out everything you've eaten!"
"Hey, the ABX index is almost rising to the level before short selling. Chen Mo's trillions are going to be wasted!"
"The Sky God camp is about to be forced out! Every one of these people will lose everything!!!"
"Baguo is great again!"
"Your father is still your father. Not everyone can challenge the world's number one!"
"..."
Merdeka Building.
At this time, after Chen Mo saw the latest announcement from Bells and Mogen Datong, he, who had been silent, finally smiled.
"Han Li, mobilize some funds and a few traders to short the share prices of Bells and others!"
Han Li was stunned: "Mr. Chen, Tyranny Reserve and Mogen Chase are already trying to save Bells, etc. If we short it at this time, won't we lose money?"
Chen Mo shook his head. "No one understands what just happened. I bet that before the first round of battle between us and the Foundation on the ABX index ends, the share prices of Bells and others will fall below the warning line."
A few minutes later, a small part of Chen Mo's short-selling funds entered the market to short the share prices of Bell and others.
But now investors are very excited and they all think that since the announcement has been made, it must be JPMorgan Chase or the Federal Reserve that has taken over.
The share prices of Bell & Johnson and other companies will definitely rise, at least recovering to 80% of the level before the crash.
As a result, countless investors rushed in to buy stocks.
Chen Mo's small amount of short-selling funds was like a drop in the ocean and could not suppress investors' enthusiasm at all.
Han Li hesitated to speak.
Chen Mo glanced at his phone and suddenly opened his eyes:
"almost!"
"From now on, we will hedge with the foundation. If they buy up 1 dollar, we will short 2 dollars. We must always have twice as much as they do. Do you understand?"
