Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

Hearing such threats, Fuld said fearlessly:

"If we go bankrupt, will the government still watch us die?"

Most of the others had the same idea.

They were indeed fearless, thinking that if they were in crisis, the financial department would definitely help them.

Lehman Brothers maintained about 700 billion US dollars in assets and corresponding liabilities with 25 billion equity capital.

The other companies inevitably used leverage to expand in an extremely aggressive way.

When you owe up to 700 billion US dollars, you are the boss of the Federal Reserve and the official department.

So the five major investment banks all acted like dead pigs that were not afraid of boiling water.

The Secretary of the Treasury was so angry when he saw Fuld being so arrogant that he was speechless.

He immediately hated him.

Seeing that he was defeated, Fuld was still proud in front of his peers.

"Then you will just watch Universal fall?"

Fuld certainly didn't want to see this situation. The subprime mortgage crisis was getting worse and worse. If Universal had problems again, Lehman Brothers would really have to file for bankruptcy protection.

Others came to him, hoping that he would express his attitude.

On this point, the attitudes of the five major investment banks were consistent.

"Director, you should find the creditors of Universal Real Estate. If the bank is willing to extend the loan, or lend Universal Real Estate another sum of money, it will naturally continue to survive.

Didn't you say that as long as the short-term debt is resolved, Universal Real Estate can survive?"

Compared with the debt structure of Universal Real Estate, their five major investment banks are the most deadly, because most of their assets are long-term fixed capital, but most of their debts are short-term.

So they also hope that if they can't survive, the government can help them and repay their short-term debts.

The director was very suffocated by Fuld's words.

This guy has been constantly choking him since he entered the door, which made him very unhappy.

Fuld was indeed a little confused about the situation. You are a big boss, but the person sitting opposite also wants to save face.

However, the director quickly calmed down. He had more important things to do than to be angry with Fuld.

"You go back first, and I will talk to you about your affairs later!"

The director thought deeply for a while and decided to contact the new chairman of the Federal Reserve, Birkeland.

Birkeland also realized that his interest rate hike policy was a bit radical. He didn't expect to face the real estate loan crisis as soon as he took office.

He cursed Greenspan in his heart for causing great harm to others and leaving such a big mess.

There were also more than a dozen big bankers from the United States who came with him.

More than a dozen banks were also upset by mortgage default insurance at this time.

Although each bank repurchased part of the other party's contract, the majority was still in the market.

Especially Citibank, Cayman Capital has issued an ultimatum, and must pay the first installment of insurance of 3 billion US dollars within three working days.

Citibank has decided to spend money to avoid disaster, but when it comes to the second and third phases...

When the next quarterly financial report comes out, Citibank's stock will definitely be shorted.

Thinking of this, he couldn't help but get angry. Why did the two managers under him have to laugh at Michael and cause the short-sellers to retaliate.

Of all the savings banks, Citibank has the most money to pay.

Michael and other younger brothers of Cayman Capital are no longer the same as they used to be. They are known as the new shorts rising on Wall Street.

They are highly sought after by investors, and they have made default insurance contracts into the best-selling financial products today.

It is worth mentioning that Proton Fund and Tiger Fund did not wait until the subprime mortgage crisis broke out and withdrew from the stage of history.

The director found that after everyone sat down, the atmosphere was not much better than before.

All people were frowning, as if others owed them trillions.

"Berkeland, I invited you here to discuss how to save Universal Real Estate. I hope that all banks can stop demanding debts from Universal and wait for housing prices to pick up..."

Berkeland frowned at first, this is another huge pit left by his predecessor.

"We need to think about this matter carefully. Director, why don't we take out all the account books of Universal and take stock of the assets of Universal?"

"This request is not excessive. I will ask them to move all the accounts here and you can participate in the audit."

But you don't know until you check it. Once you check it, you will be shocked.

Universal Real Estate is still the real estate company with the largest land reserves.

However, in order to reform the debt, the former president Gilton sold part of the commercial fixed assets, leaving a bunch of real estate projects that are still in progress...

It can't be said that Gilton did anything wrong. If he didn't sell it at that time, the crisis of Universal Real Estate would have already erupted, and the business was notIn their eyes, movable property is not a high-quality asset at this time, and it is difficult to cash it out.

It will be even harder to sell it now.

Many bankers shook their heads when looking at the accounts. They knew it was a bad debt, but they didn't expect it to be so bad.

They were all thinking about one question - is there any point in saving such a group?

But if they don't save it, the money they lent before will depreciate greatly.

Their faces all looked constipated.