Chapter 2275 The God of Space, so terrifying!
Pan Shiyi responded unconvincedly: "Baguo has an insurance system. If a bank goes bankrupt, the insurance agency will provide a guarantee! Guigu Bank has not yet declared bankruptcy. I believe that the official of Baguo will definitely give an explanation!"
Many people who bought Silicon Valley Bank's financial products or deposited money like Pan Shiyi echoed:
"Gugu Bank has insured depositors' deposits with Baguo Savings Insurance Company. This can be checked. Even if it goes bankrupt, we can still get the money back. You poor people don't have to worry about it!"
"They haven't gone bankrupt yet, and you are gloating over their misfortune?"
"The money we use to buy financial products is just pocket money. Unlike you poor people, you only save your life in the bank."
"We are all Daxia people. I really don't understand why you are gloating over your compatriots' money being cheated? Where is your quality?"
"..."
And just at this moment, an announcement from Baguo made these people collectively climax!
"The Treasury Department of Baguo, the Federal Reserve, and the FDIC issued a joint statement stating that depositors of Guigu Bank will be fully protected and funds will be allocated to repay depositors' deposits as soon as possible!"
Pan Shiyi and those who did not listen to Chen Mo's advice were almost like receiving an imperial edict. They were almost crying with joy and were so proud!
Pan Shiyi directly posted: "See! This is the style of a great country!"
Others followed up:
"Hey, how come you got slapped in the face so quickly?"
"The bank went bankrupt, and the country took over and supported the bottom on the same day!"
"The world's number one is worthy of being the world's number one!"
"I wish to be a Baguo citizen in my next life!"
"..."
Not long after.
Pan Shiyi asked the secretary with a little ease: "How is the contact with Guigu Bank going? When will the money be returned?"
The secretary hesitated.
"Speak!"
"Baguo
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Didn't the official announce that they would support the bottom?"
Pan Shiyi said hurriedly.
The secretary trembled and said, "Just now... I called and asked, and they said that the Baguo Savings Insurance Company is responsible for the compensation now.
So I called the Baguo Savings Insurance Company, and according to the insured amount of Guigu Bank, the maximum compensation is only 250,000.
And 250,000 has to be repaid in 24 installments."
Pan Shiyi almost couldn't breathe: "250,000? Are you kidding me?"
I originally thought that the 1 billion could be fully guaranteed, but now... you told me that only 250,000 can be compensated? !
Who can bear this?
"Mr. Pan, this is the fact. You accept the reality. The money really can't be returned." The secretary said helplessly.
Pan Shiyi was not convinced and called dozens of Baguo executives he knew, but the answers he got were all the same as what the secretary said-a maximum compensation of 250,000.
Those executives could at most use their connections to make the 250,000 pay Pan Shiyi in one lump sum.
This is already the best result.
But 250,000, compared with 1 billion, what is the difference between that and no compensation?
Pan Shiyi was so angry that he almost had a heart attack.
After calming down, Pan Shiyi reviewed the entire process of Guigu Bank's collapse and found that it was full of magic!
One month before the collapse, Guigu Bank raised its credit score. Half a month before the collapse, a major customer ran away in advance. A week before the collapse, it gave executives super high bonuses. The day before the collapse, it asked the official for bonuses and urgently distributed financial products worth billions. On the day of the collapse, it stopped trading, took over the bank, and went bankrupt and liquidated... This set of combos was so smooth that it was suffocating!
Pan Shiyi
Even found out that a few hours before the collapse of this damn Guigu Bank, it urgently gave bonuses to employees and scraped out 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 Guigu Bank Financial Group:
"Incredibly difficult 48 hours led to the bankruptcy of Guigu Bank."
"We made countless efforts to save it, but in the end, the empty camp succeeded in malicious short selling."
"I can't imagine what you are thinking, your work, your future..."
After reading this news, Pan Shiyi couldn't hold it anymore and collapsed.
"Liar!!! They are all fucking liars!!!"
It was William who deceived these depositors, and now he is still saying such high-sounding words in the interview, which is simply a mockery!
On the other side.
Moyuan Securities Department.
Han Li and other traders stood up and applauded!
It took only 48 hours to make Guigu Bank bankrupt!
This speed of short selling can be said to be unprecedented!
Chen Mo once again proved his strength with his means.
"The first domino has fallen, Guigu Bank has gone bankrupt, will the bankruptcy of the dozens of other banks we shorted be far away?"
Chen Mo asked loudly.
"No!!!"
Han Li and others used all their strength and said angrily.
Chen Mo continued his short selling operation that made the entire banking circle of the hegemony tremble.
The next day.
Chen Mo had someone post a message online: "Depositors of Signature Bank, quickly withdraw your money and run away! Do not buy any financial products of this bank! The God of Short is going to attack Signature!"
This time, the public opinion
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In terms of the previous movement, it is much better than the last time!
The market panic has completely spread in the banking industry of Baguo!
Countless depositors saw this news, combined with the news that Guigu Bank collapsed within 48 hours, and ran to Signature Bank to withdraw money like crazy!
Those who bought financial products did not want interest at all, and insisted on returning the principal!
In just one morning, the money in the Signature Bank account had been withdrawn!
The stock price plummeted by 75%, and was forced to stop trading!
That afternoon, many depositors had just received the news and had just set foot on the way to Signature Bank to withdraw money when they received the bad news!
The Baguo Finance Department, the Baguo Reserve Committee and the Baguo Savings Insurance Company jointly issued a statement, announcing the closure of Signature Bank on the grounds of "systemic risk"!
All depositors were stunned.
Guigu Bank at least lasted 48 hours before it collapsed, how come Signature Bank collapsed in half a day?
You know, its scale is larger than Guigu Bank! ! !
Two banks collapsed in three days!
Such a horrific short-selling action caused a sensation worldwide!
Countless economists, think tanks, and entrepreneurs expressed their opinions:
"The God of Shorts is not called this name for nothing! He is really the God of Shorts!"
"I originally thought that Chen Mo would stop after shorting the ABX index, but I didn't expect that he would play a bigger wave!"
"The God is here, and even the most brutal falcon will crawl at his feet!"
"Bankrupting two of the world's top banks in three days... My God, this is something I dare not even dream of!"
"If this continues, the hegemony will not only have a subprime mortgage crisis, it is very likely to have the largest economic crisis in history!!!"
"God of Shorts, so terrifying!!!"
