Chapter 2272 Is the crisis over?
"My-god! The people of the overlord country elected us to the Congress to help them solve their problems and to support them!!!"
"But there was nothing I could do! I even watched the subprime mortgage crisis erupt, and watched the foundation manipulate the official government to "unplug the network cable," "regret the move," and "turn over the table"! No shame! "
"Where is the integrity?!"
"We are a democratic hegemon!!! So many people are against the foundation, but you just choose to let the foundation infringe on the rights of the hegemons!!!"
"This (Congress) shouldn't be like this, this country shouldn't be like this, why can this bill be passed? Why is this country being controlled by a group of Tianlong people? Ah!!!"
This governor is extremely hot-blooded.
The roar almost lifted the ceiling of Congress.
Several colleagues who were close to him advised him during the break:
"It's good to know some things well, why bother talking about them on the table?"
"We are all just trying to make ends meet. It doesn't matter how greedy or messy we are, but if we really mess with those Tianlong people, your life will be at risk!"
"Your hoarse voice is just a funny joke for those with vested interests. You can't change anything. You can only hurt your own body in a rage. Why bother?"
"..."
The governor said angrily: "There is an old saying in Da Xia, I will give it to you: if a family has Zhengzi, the family will not be destroyed; if the country has Zhengmen, the country will not be destroyed!"
His colleague next to him sighed helplessly and uttered two words: "It's hard to say."
At the end of the persuasion, everyone found that this old man was extremely stubborn and could not be persuaded at all. He even scolded him so much that they simply stopped persuading him.
"Okay, okay! You alone are a wise minister, a good minister, and a loyal minister!!! We are all traitors, let's do it!"
After Congress.
The governor was soon found dead in the street.
He was shot several times and his death was extremely tragic.
But afterwards, the FBI announced that he died of illness and would no longer conduct a follow-up investigation.
The magical event is not over yet.
Immediately afterwards, the Overlord officials directly used their power to intervene and stopped more than 800 short-selling accounts.
Many short-selling players on Wall Street were directly banned.
Many Wall Street elites who maliciously shorted the abx index were pulled away for accountability!
As soon as this incident came out, it directly shocked the financial circles around the world!
The hegemony that claims to have a free economic market cannot play well, and it actually uses its power to intervene in the free market!
This is simply a slap in the face!
In the financial field, the credibility of the hegemonic country has plummeted!
In fact, when Solomon gave this order, he already knew how serious the consequences would be.
But he had to do it.
Otherwise, the loss would be too great, even as the owner of the foundation, he would not be able to bear it.
Foundation headquarters.
Solomon asked anxiously: "Have all the short-selling accounts been banned? Have all the money been returned?"
Michelle said awkwardly: "Sir, Chen Mo's account was closed and ran away before our policy was implemented.
He cashed out nearly 13 trillion this time.
It means that the main force of the Sky God camp has successfully escaped, and all we have harvested are small fish and shrimps. "
Solomon's face turned pale and he said in a trembling voice: "How could this happen? Are you too slow? How could you let Chen Mo run away?"
He was fighting for the financial reputation of his hegemonic country to be lowered in the global rating, so he gritted his teeth and "pulled out the network cable" and "regret the move"!
But after doing this, I don’t get the money back, so what’s the point?
it's good now!
The whole world has developed serious distrust in the financial market of the hegemonic country. After all, Chen Mo successfully cashed out the foundation's money and ran away!
It's like losing your wife and losing your troops! ! !
Solomon was extremely depressed. After thinking for a long time, he could only admit his bad luck.
"What should we do about Bells and other companies? Do we need to support them?" Michelle asked cautiously.
Now, only by overcoming the Federal Reserve's debt obligations to Bales and others can the company be saved.
That would be equivalent to the foundation actually using its own money to fill the hole!
Solomon lit a cigar depressedly.
The subprime mortgage crisis has broken out and the real estate bubble has burst.
Companies such as Bells now have 0 cash reserves, and the assets they hold... are all fucking toxic assets!
Once capital is injected, investors will definitely cash out like crazy!
How much money you invest, how much money you will lose!
In this case, if we look at the bottom line, it would simply be the foundation using its own money to save Hegemony's real estate and Hegemony's financial market.
Solomon was not a saint. Why did he use his own money to bail out the market?
After thinking again and again, Solomon took a deep breath and decided: "Now we must ensure the orderly operation of the financial market of the hegemonic country. Rather than letting Bales and others file for bankruptcy, it is better to arrange for them to be merged and acquired."
Michelle: "But... if you acquire Bells, you will have to inherit its debts. Which company would be such a big culprit now?"
Solomon: “The acquiring company needs to inherit the debt of the acquired company, but it can reduce the amount of debt by negotiating an agreement with creditors before the merger.
Go call those bastard creditors over here and tell them that either each of them will get tens of millions and all previous debts will be written off, or else Bells and the others will go bankrupt and they won’t get a dime!”
Obviously, all creditors will choose the latter.
After all, if Bells and others are really bankrupt, they will not get a dime. Instead of this, it is better to get tens of millions in compensation, which is better than not getting a penny. This can be regarded as a face-saving way to sell the foundation.
On the same day, Bales and other bankruptcies were suspended.
Mogen Chase and Bells and others jointly announced the "revised acquisition agreement": According to the revised terms, Bales and others will sell to Mogen Chase at a share price of 2 Hegemonic Currency.
The stock price of Bells and others at their peak was 173 Hegemony.
There is one condition for Mogen Chase's acquisition of Bells and others, and this condition is: the mortgage assets of Bells and others will be actually held by the Federal Reserve Bank.
In other words, taxpayer dollars are used to pay for Bales and others.
As for the debts of Bales and others, the announcement did not specify them, except that they had been fully paid off.
At the same time, the two parties also signed an agreement. After the transaction is completed, the two companies will merge into one.
The next day, Mogan Chase decided not to use the names of Bells and others.
From this moment on, Bells and others, the fifth largest investment bank in the hegemonic country, completely disappeared into the dust.
In fact, this operation is that Mogen Chase acquired Bells and others at an extremely low price, and then declared that it was not bankrupt.
But in fact, all investors know that Bales and others are dead.
It's just that the officials of the hegemonic country gave it a face, and it also gave the hegemony's financial market a fig leaf.
Chen Mo's Sky God camp retreated, Bells and other matters were dealt with, and the responsible persons for all the troublesome matters in the overlord's real estate market were also decided.
Solomon believed that the subprime mortgage crisis had reached its peak.
However, Chen Mo's Kongshen camp soon told him with practical actions that he was wrong!
Big mistake!
