Chapter 1124 Fall, fall, fall!

"Short-selling the subprime market has completely pushed the subprime mortgage crisis to its peak. Today, no matter what, one of the four major investment banks will be buried with China's losses."

Li Jin's words destined that today would be a day recorded in history.

When the U.S. financial market opened, Jin Qingtian had not yet made any investment, but the market was already in turmoil.

Today is the information age, and news is transmitted extremely quickly. An event that happens in the northern hemisphere can be transmitted to the southern hemisphere in an instant, not to mention such a major event as China's stock market and futures market were attacked by American Wall Street capital.

Therefore, the American financial market has long been mentally prepared to face Jin Qingtian's crazy revenge.

But even so, they still didn't expect that Jin Qingtian's determination and intensity would be so great.

Five minutes after the market opened, the already riddled secondary market was once again heavily shorted by Jin Qingtian.

Sky-high short orders filled the secondary market with a bloody smell.

Fall, fall, fall!

Falling everywhere!

As long as the products being traded are falling, everything is falling.

Financial products have shrunk significantly, and the market value is depreciating every minute.

Under such high pressure, a magical scene appeared.

That is, the secondary market only has sell orders.

"Jin Qingtiantou will definitely launch a bloody revenge today. No fool will come in and take over at this time."

The president of Morgan Bank frowned and said.

"But if this continues, the entire market will collapse." The assistant said cautiously.

"If it collapses, just collapse. This is what we expected, and we have chosen to sacrifice a bank as the price to calm Li Jin's anger, right?"

The president of Morgan Bank seemed to be smiling but not smiling, with a very strange expression.

It's a bit schadenfreude, but also a bit complicated and inexplicable.

"I didn't expect that there would come a time when we would have to sacrifice ourselves to appease the enemy's anger."

The first person to bear the brunt of the collapse of the secondary market was Leiman Investment Bank, which had accumulated a large amount of assets in the secondary market and was unable to escape because of being locked in at a high level.

Today's Leiman Investment Bank has already changed.

The person sitting in the chairman's office is no longer Doug, but Li Bancheng.

At this moment, Li Bancheng had a gloomy expression and was listening to Li Kai's report.

"Dad, if the market continues like this, Leiman's net asset value will get lower and lower, and in contrast, our liabilities will get higher and higher."

"I have seen the financial reports of investment banks. The entire investment bank has tens of billions of dollars trapped in the secondary market and cannot be solved. The accumulated cost of this fund alone is a huge burden!"

“What’s even more exaggerated is that nearly a quarter of the credit products were purchased when market prices were at their highest. Now there is still at least one year before maturity, but their value has shrunk by as much as 70%. .”

"In other words, these assets have caused us to lose more than 60 billion US dollars so far."

Li Kai became more and more frightened as he spoke. He gritted his teeth and continued: "Once these credit products are completely turned into waste paper by Li Jin, the debt of tens of billions of dollars alone will be enough to bring us down."

Li Bancheng said calmly with an expressionless face: "I have transferred 200 billion Hong Kong dollars from Huanghe Industrial. I will use this money to deliver Leiman's high-priced contracts in the secondary market first. I will think of other ways later."

Li Kai was stunned for a moment.

My family knows their own affairs.

In order to buy Leiman Investment Bank, their father and son had basically emptied their family fortune.

And where did this 200 billion fall from?

"Dad, you?"

Before Li Kai could finish asking, Li Bancheng said: "I used the family's trust fund as collateral."

Li Kai's heart trembled and he said, "This is our last retreat."

"Ah Kai."

Li Bancheng raised his head and looked at his son and said seriously: "Many times, we can't leave ourselves a way out. Only by burning the boat can we get a chance to survive in a desperate situation."

"Dad, what does this mean? Have we reached this point?" Li Kai asked in a panic.

Li Bancheng did not answer immediately. Instead, he took out a few documents from the drawer and threw them in front of Li Kai. He said, "Take a look. You will know after reading them."

Li Kai looked at the seemingly ordinary documents and suddenly had a premonition that something bad was going to happen.

Suppressing his inner uneasiness, he picked up one of them and opened it.

"Douglas Bank of Florida Bankruptcy Claim Form."

"Arizona Angel Bank Bankruptcy Claim Form."

"Maine Aegis Bankruptcy Claim Form."

Li Kai's brain was boiling when he saw the bank bankruptcy claim forms one after another.

"What the hell is going on!? These banks have all agreed on a time to collapse together!?"

Li Kai is not a fool. It can be seen from the application date that these banks that have long been insolvent just endured it. After their father and son bought Leiman Investment Bank, they immediately filed for bankruptcy claims.

If this wasn't a trap, he wouldn't believe it even to death.

"You saw it too."

Li Bancheng's tone was still without any ups and downs, and he continued: "We may have fallen into a carefully designed trap."

"The claim amount from these three banks alone is as high as 7400 million US dollars. Dad, if this continues, let alone Lei Man, this insurance contract alone will be enough to suck our blood!"

Li Kai gritted his teeth and said: "No wonder these Americans asked us to provide insurance for small and medium-sized banks. They agreed even if the price was lower. It turns out that they are looking for us to take the blame!"

"It's too late to say this now."

Li Bancheng looked at Li Kai seriously and said: "I will give you the right to use the 200 billion Hong Kong dollars. You must pull Lei Man out of the quagmire of the secondary market."

Li Kai said bitterly: "Dad, it's not enough. 200 billion US dollars is about the same. 200 billion Hong Kong dollars is simply impossible in the face of the current market conditions."

"Go find Li Jin."

Li Bancheng said suddenly, gritting his teeth: "In exchange for the property rights of all industries in the mainland, he will let go of all Lei Man's position contracts. As long as he lets go, this 200 billion will be enough."