Chapter 2269 Is the crisis over?
"My-god! The people of Hegemony elected us to Congress to help them solve their problems and support them!!!"
"But I can't do anything! I even watched the outbreak of the subprime mortgage crisis, and watched the foundation manipulate the official "pulling the Internet cable", "retracting the move" and "turning the table"! Don't even care about your face!"
"Where is the integrity?!"
"We are a democratic Hegemony!!! So many people oppose the foundation, but you choose to let the foundation infringe on the rights of the Hegemony people!!!"
"This place shouldn't be like this, this country shouldn't be like this, why can this bill be passed? Why is this country controlled by a group of Tianlong people? Ah!!!!"
The governor was furious.
The roar almost lifted the ceiling of Congress.
Several of his good colleagues advised him during the break:
"Some things are better known in your heart, why do you have to talk about them publicly?"
"We are all just trying to make a living, it doesn't matter how greedy or messy we are, but if you really mess with those Tianlong people, your life will be in danger!"
"Your shouting is just a funny joke for the vested interests. You can't change anything. You can only hurt your body with impotent rage. Why bother?"
"..."
The governor said angrily: "There is an old saying in Daxia, I give it to you: If there is a righteous son in the family, the family will not be destroyed, and if there is a righteous minister in the country, the country will not be destroyed!"
His colleague next to him sighed helplessly and uttered two words: "It's hard to say."
In the end, everyone found that this old man was so stubborn that they couldn't persuade him at all, and he even scolded them, so everyone simply stopped persuading him.
"Okay, okay! You are the only wise minister, good minister, and loyal minister!!! We are all treacherous ministers, okay!"
After the congress ended.
The governor was soon found dead on the street.
He was shot several times and died in a very miserable way.
But afterwards,
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The FBI of the hegemony announced that he died of illness and would not conduct any follow-up investigation.
The magical event has not ended here.
Immediately afterwards, the hegemony officials directly used their power to intervene and stopped more than 800 short-selling accounts.
Many short-selling players on Wall Street were directly ordered to be banned.
Many Wall Street elites who maliciously shorted the ABX index were taken away for accountability!
As soon as this incident came out, it shocked the financial circles around the world!
The hegemony, which claims to have a free economic market, can't play anymore, and actually uses its power to intervene in the free market!
This is simply slapping itself in the face!
In the financial field, the hegemony's credibility 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 head of the foundation, he couldn't bear it.
Foundation headquarters.
Solomon asked anxiously: "Are all the short-selling accounts banned? Has 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 short-selling camp successfully escaped, and we only harvested small fish and shrimps."
Solomon's face was pale, and he trembled: "How could this happen? Are you too slow? How could Chen Mo run away?"
He was risking the decline of the global rating of the financial reputation of the hegemony country, so he gritted his teeth to "pull the network cable" and "regret the move"!
But after doing so, the money was not returned, so
What's the point?
Now it's good!
The whole world has a serious distrust of the hegemony country's financial market, and Chen Mo successfully cashed out the foundation's money and ran away!
It's simply losing both the wife and the army! ! !
Solomon was so depressed that he could not add more. After thinking for a long time, he could only admit that he had bad luck.
"What about Bears and other companies? Should we provide a bottom line?" Michelle asked cautiously.
Now, only if the Federal Reserve provides a bottom line for Bears and other companies' debts can the company be saved.
That would be like the foundation using its own money to fill the hole!
Solomon lit a cigar in frustration.
The subprime mortgage crisis has already broken out, and the real estate bubble has burst.
Bears and other companies now have zero cash reserves, and the assets they hold... are all toxic assets!
Once the capital is injected, investors will cash out like crazy!
How much money you invest, how much money you will lose!
In this case, if you provide a bottom line again, it would be purely the foundation using its own money to save the real estate and financial markets of the hegemony.
Solomon is not a saint. Why would he use his own money to save the market?
After thinking it over again and again, Solomon took a deep breath and decided: "Now we have to ensure the orderly operation of the hegemonic financial market. Instead of letting Bells and others file for bankruptcy, it is better to arrange for them to be acquired."
Michelle: "But... acquiring Bells and others means inheriting its debts. Which company would be a big grudge now?"
Solomon: "The acquiring company needs to inherit the debts of the acquired company, but before the acquisition, it can reach an agreement with creditors to reduce the amount of debt.
Go call those bastard creditors over 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 others will go bankrupt and they won’t get a dime!
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"
Obviously, all creditors will choose the latter.
After all, Bells and others really went bankrupt, and they couldn't get a dime. Instead of that, it's better to get a compensation of tens of millions, which is better than getting nothing. This can also be regarded as giving the foundation a face.
On the same day, Bells and others' bankruptcy was stopped.
Mogan Chase and Bells and others jointly announced the "revised acquisition agreement": According to the revised terms, Bells and others will be sold to Mogan Chase at a share price of 2 hegemony dollars.
The peak share price of Bells and others was 173 hegemony dollars.
And Mogan Chase's acquisition of Bells and others has one condition, which is: Bells and others' mortgage assets will be actually held by the hegemony federation.
In other words, taxpayers' money is used to pay for Bells and others.
As for Bells and others' debts, the announcement did not specify, only saying that they have been fully repaid.
At the same time, the two parties also signed in the agreement that after the transaction is completed, the two companies will merge into one.
The next day, Mogen Chase decided not to use the name of Bells, etc.
From this moment on, Bells, the fifth largest investment bank in the hegemony, completely disappeared.
In fact, this operation is that Mogen Chase acquired Bells, etc. at an extremely low price, and then announced to the outside world that it was not bankrupt.
But in fact, all investors know that Bells, etc. are dead.
It's just that the hegemony official gave it a decent face and gave the hegemony financial market a fig leaf.
Chen Mo's air god camp retreated, Bells, etc.'s affairs were dealt with, and the corresponding persons in charge of various troubles in the hegemony housing market were also determined.
Solomon thought that the subprime mortgage crisis had reached its peak.
However, Chen Mo's air god camp soon told him with actual actions that he was wrong!
Very wrong!
