They are all reborn, and the grandson is still a spare tire

Hearing the questions from many media reporters, Paulson suddenly felt irritated and angry.

But he controlled his emotions well and didn't lose his temper on the spot, which would have not helped but would have made things worse.

After a moment's thought, he turned to look at the reporters, forced a smile, and said loudly:

"Good morning, fellow journalists, I want to make it clear here that there will be no financial crisis and you don't have to worry."

"The so-called financial crisis rumors in the market are all groundless speculations, so don't believe them."

"We came to the New York Stock Exchange today to solve problems, and I believe that all problems can be solved..."

After hearing his answer, Bernanke and Geithner looked at each other quickly and smiled bitterly inwardly.

No one knows better than them what the current situation of Wall Street and the international financial market is!

Every word and every sentence Paulson said is full of lies. Anyone who believes it is an idiot!

Not only them, but also many financial media reporters who were conducting interviews and many so-called Wall Street elites who were watching the excitement, had the same idea!

These damn politicians are just talking nonsense, not a single word they say can be believed!

It’s better to expect the sun to rise from the west tomorrow than to expect them to solve the problem!

After answering only two or three questions, Paulson ended the interview using the excuse that he had important work to do and was pressed for time.

Then, together with Bernanke and Geithner, he walked into the New York Stock Exchange building.

Just a short while later, the U.S. stock market officially opened.

After the opening, the U.S. stock market did not fall sharply immediately, but like the stock markets in European countries, it consolidated around a drop of about 0.5%.

Many financial institutions on Wall Street have stepped in and are trying to maintain the market to ensure that the stock market does not collapse immediately.

To be more precise, they were waiting for news from Lehman Brothers Bank to see whether the US Treasury and the Federal Reserve would work together to save Lehman Brothers.

This is the last glimmer of hope. If the US Treasury and the Federal Reserve finally give up on rescuing Lehman Brothers Bank, then everything will be over!

As soon as this result comes out, the many financial institutions on Wall Street that are still maintaining the market will flee at all costs and frantically smash the market!

What will follow will be an extremely tragic crash!

The financial crisis has broken out and will sweep the world in a few days!

Ten minutes later, Paulson, Bernanke and others walked into a conference room on the top floor of the New York Stock Exchange.

At this time, the chairman of the SEC committee and others were already waiting in this conference room.

In addition, CEOs of financial conglomerates such as Goldman Sachs, Morgan Stanley, Vanguard, State Street Corporation, and BlackRock also gathered here.

Without exception, each of them had a gloomy face and was full of worry.

After entering the room and greeting everyone, Paulson immediately asked with a gloomy face:

"Cox, why haven't those guys on the board of directors of Lehman Brothers announced bankruptcy protection yet? What are they waiting for? Waiting to die?"

What he said at this time was completely opposite to what he had just said to the media reporters downstairs of the New York Stock Exchange, and there was no concealment at all.

Everyone in the conference room was accustomed to this situation and didn't take it seriously at all!

The person Paulson questioned was SEC Chairman Cox.

Lehman Brothers is a non-bank financial institution and a company listed on the New York Stock Exchange. From a legal perspective, the US Treasury Department does not have direct jurisdiction over it.

The institution that has the real authority to supervise Lehman Brothers Bank and has the authority to instruct and agree to Lehman Brothers Bank's application for bankruptcy protection is the SEC Committee.

That is why Paulson brought Bernanke and others here and raised such questions.

Cox looked at him, thought for a moment, and then said helplessly:

"I just called the board of directors of Lehman Brothers to ask why they haven't filed for bankruptcy protection yet"

"The answer I got from the board of directors of Lehman Brothers was that they wanted to try again to see if they could save the company and avoid bankruptcy..."

Before he could finish his words, Paulson exploded and started cursing.

"Fuck! What are they fighting for? Even at this point, they are still clinging to illusions. No one will save them. Not the Treasury Department, not the Federal Reserve, not any financial institution on Wall Street!"

"The result of their struggle will only bring them into greater trouble. Have they forgotten that they are carrying $700 billion to $800 billion in debt? If they don't file for bankruptcy protection, how will they repay this staggering debt?"

"European financial authorities and the European Union are meeting to discuss jointly freezing the accounts of Lehman Brothers' clients and requesting a full divestment of Lehman Brothers. No agreement has been reached yet. We must put Lehman Brothers into bankruptcy protection before an agreement is reached."

"If we act too late, and let Lehman Brothers enter bankruptcy protection procedures after the European financial authorities reach an agreement and actually take action, it will be troublesome. That's 700 to 800 billion US dollars in debt. Who will pay it back?"

"Lehman Brothers can't pay it back anyway. Do we have to ask the Treasury and the Federal Reserve to pay it back? That's simply impossible. Cox, I demand that you pick up the damn phone immediately and call the board of directors of Lehman Brothers and ask them to initiate bankruptcy proceedings."

"If they disagree, the SEC and the New York Fed will jointly declare that Lehman Brothers is bankrupt. In this case, they have no choice but to apply for bankruptcy protection from the New York District Court."

Not surprisingly, Paulson's words shook the entire conference room.

The CEOs of many top financial institutions in the conference room looked at each other quickly and then nodded in agreement.

"I agree with Henry's decision. Lehman Brothers must enter bankruptcy protection immediately. Otherwise, the entire Wall Street will be dragged into hell by Lehman Brothers!"

"That's 700 to 800 billion US dollars in debt. Lehman Brothers still has over 2 trillion US dollars in subprime bonds. No financial institution can solve such a huge problem. Let Lehman Brothers die. It's better than everyone dying together!"

"Since this global financial crisis is inevitable, there is no need for us to hold on. It is not necessarily a bad thing to let the financial crisis break out earlier. I am worried that the longer we delay, the bigger the trouble will be!"

"I agree that Lehman Brothers should be put into bankruptcy protection immediately, and before the financial authorities of European countries take action, otherwise, there will be big trouble!"

Many financial tycoons were talking at the same time, wishing they could kick Lehman Brothers into the depths of hell immediately.

Anyway, it’s better for me to die than for my friends to die. The sooner I die, the sooner I will be reborn!

Cox did not respond immediately, but pulled Geithner aside and whispered a few words to him.

Two or three minutes later, they returned to the conference table together and announced their joint decision.

"Gentlemen, the SEC and the New York Fed have jointly decided to place Lehman Brothers, which is beyond redemption, into bankruptcy protection."

"We immediately called the board of directors of Lehman Brothers to inform them of this decision and asked them to immediately prepare the documents and apply for bankruptcy protection in the New York District Court."

"It takes about three hours to complete this process. During these three hours, we hope that everyone will not disclose this secret to the outside world to avoid unnecessary trouble."

"For example, if they prompt European financial authorities to make a quick decision to freeze the accounts of Lehman Brothers Bank and initiate a comprehensive divestment request to Lehman Brothers, that would be troublesome!"

"During these three hours, I hope all financial institutions will exercise restraint and work together to maintain the current market situation. At least, we cannot let the crash come too early. We need to strive for at least two hours."

As soon as the words came out, many financial leaders at the scene immediately started a discussion.

After a short while, they reached a consensus.

Before the CEO of Lehman Brothers Bank walked into the New York District Court with relevant documents and formally filed for bankruptcy protection, financial institutions would not short the U.S. stock market and the entire international financial market on a large scale to avoid complications!

Once Lehman Brothers Bank formally applies to the court for bankruptcy protection, we can all go ahead and do our job. It will all depend on our abilities then!

Having said that, these financial tycoons at the scene all have their own ulterior motives!

For example, Goldman Sachs knew that the financial crisis was inevitable and started planning early on. God knows how staggering the scale of their short selling was!

Among the other top financial institutions on Wall Street, none of them are good people!

Seeing that everyone had reached a consensus, Cox and Geithner looked at each other and prepared to pick up the phone to call the board of directors of Lehman Brothers and forcibly declare Lehman Brothers bankrupt.

At this moment, the CEO of Goldman Sachs suddenly said indignantly:

"I don't know if you have ever thought about this. We are working together to protect the market. What is that little bastard from Jiuye Investment Group doing?"

"I am 100% sure that the cunning little bastard must have been waiting for the financial crisis to break out so that he could reap the wealth!"

"Once the financial crisis breaks out, Jiuye Investment Group will definitely be one of the biggest beneficiaries of this financial crisis. Just thinking about it makes me feel unhappy!"

Hearing this, the other financial tycoons nodded in agreement, and they all felt a little itchy.

The next moment, Paulson suddenly sneered and said:

"Let that little bastard be proud for a few days. One day, we will make him vomit out everything he ate."

"One day, we will completely crush that little bastard Jiuye Investment Group. It's not that easy to take advantage of Wall Street!"

Before he finished speaking, many financial tycoons gritted their teeth and nodded fiercely.

"That's right, once this financial crisis is over, we can take care of that little bastard!"

"Jiuye Investment Group is a big piece of fat meat. If we can get rid of Jiuye Investment, we can all make a fortune!"

After imagining for a while with shining eyes, these guys stopped talking.

Immediately afterwards, Cox and Geithner began to work together to call the board of directors of Lehman Brothers and force Lehman Brothers to declare bankruptcy.

Hong Kong Island, Bank of China Tower.

In the conference room.

Yao Yuan, who was keeping a close eye on the situation in the European and American financial markets, suddenly felt his ears getting hot!

"Hey! Who's talking about me behind my back?"