Reborn with wealth that rivals the country
Chapter 2272 Solomon is driven to despair
Foundation headquarters.
Solomon's errors in judgment and decision-making resulted in heavy losses for the fund!
However, Solomon promised that after solving the subprime mortgage crisis, he would definitely harvest the whole world to make up for this loss.
Because Chen Mo, the leader of the short-selling god, closed his position and ran away, many foundation members and allies had the same judgment as Solomon, and felt that this short-selling attack had ended.
As long as the subprime mortgage crisis is resolved, the country's housing market and economy will be able to come back to life.
"Rohm, continue to ask the Federal Reserve to cut interest rates." Solomon ordered.
Rom Powell, the "maker" in charge of the fourth Federal Reserve, was sweating profusely after hearing this order: "Mr. Rothschild, the interest rate of the Federal Reserve is now 1.5%. Would it be a bit..."
"Reduced to 0! No more interest at all!"
Solomon gritted his teeth and said harshly: "The most important thing now is to stimulate everyone to continue borrowing money for consumption, to stimulate companies to borrow money to survive, and to restore liquidity to the stagnant economy.
This is not the time to calculate interest! "
Rom: "But...0 interest rate is too exaggerated! The current inflation rate is almost 9 points! If the interest rate is 0, then the inflation will go to heaven?"
Solomon: "Solve the subprime mortgage crisis first, and then solve the inflation problem! Once the subprime mortgage crisis is resolved, we can harvest blood from the world! Stop nagging and do what I say!"
On that day, the latest announcement from the Federal Reserve shocked the world!
Because the Federal Reserve announced that it would cut interest rates again, and the interest rate cut was as high as 150 basis points, directly reducing the last 1.5% of interest rates in one go!
The hegemonic country has entered the era of 0 interest rates for the first time in history! ! !
0 interest rate means that you don’t need to pay interest when borrowing money from the bank. Consumer loans, business loans, housing loans, etc., all do not need interest. You only need to repay the principal, and you can repay it in installments up to 30 years! ! !
At the same time, major banks have announced that they will reduce the interest rates of balloon loans.
The "Hope Alliance", a rescue project jointly created by the Department of Housing and Urban Development and the Department of Finance, was established.
It uses refinancing to convert homebuyers' balloon loans into low-interest fixed-rate loans, lowering the loan to a level that homebuyers can afford.
Within one month, the Hope Alliance converted 5 million home loans into low-interest loans, of which 4 million were subprime loans.
It has to be said that these measures negotiated between the foundation and the hegemonic officials have indeed effectively curbed the spread of the subprime mortgage crisis and temporarily alleviated the outbreak of the economic crisis.
Just like in the previous life, shortly after the subprime mortgage crisis broke out, the hegemonic government took various measures to resolve some of the crisis.
But it’s not enough!
Once the panic starts, it can't stop!
Chen Mo knows that 0 interest and 0 down payment are nothing!
When Lehman Brothers went bankrupt and the subprime mortgage crisis reached its peak, the bank would even advance the down payment to customer service without interest. As long as you were willing to borrow money to buy a house, all kinds of weird rules could be worked out for you.
Late at night in San Loduo, the stars are swallowed up by the towering skyscrapers, leaving only sporadic lights twinkling in the night.
In this city where heaven and hell combine, Chen Mo's office is still brightly lit.
His eyes were as deep as pools, staring at the computer screen in front of him. The dense data flows and charts on it formed a huge financial network.
This time, the short selling is related to the protagonists of the subprime mortgage crisis - Lehman Brothers and Fannie and Freddie. Chen Mo decided to go into short selling personally!
Chen Mo's fingers danced lightly on the keyboard, as if playing a silent symphony.
Chen Mo glanced at the data reports on the screen about dozens of banks in Hegemony. These banks were carefully selected by him and became his short-selling targets.
Without exception, they all engage in too much subprime mortgage or subprime bond business, resulting in extremely high financial risks.
Han Li and other traders sat in front of their computers, concentrating on analyzing various data. They develop detailed strategies for upcoming short selling operations based on fundamental analysis, technical analysis, and market sentiment analysis. The strategy includes the amount of short selling, time nodes, risk control measures, etc. Every step has been carefully considered and every detail has been repeatedly scrutinized.
"let's start!"
Chen Mo's voice was low and firm, like the cold wind coming from the depths of the glacier.
As Chen Mo's order was issued, the entire team instantly entered a fighting state!
They begin negotiating with securities companies or brokers to borrow shares of the target bank. These stocks will become the subject of their short trades, which they will quickly sell off in the market.
Traders in the Moyuan Securities Department pay close attention to market dynamics. When stock prices are high or market sentiment is optimistic, they sell their stocks at an alarming rate. They know that this is only the first step and the real battle has just begun.
Then, the public opinion war began!
The media under the name of Moyuan Capital and the media resources controlled by its allies worked together to exaggerate and spread negative news about these banks online and through various media channels!
“The fund connection of Turtle Valley Bank is about to be broken, please pay attention to depositors!”
"All the assets held by First Republic Bank are toxic assets, of which real estate and construction loan business are the main ones, accounting for 80%!"
"There is a run crisis on the Bank of Bali, and experts estimate that the risk of thunderstorms is higher than 98%!"
"Nearly 190 banks are at risk of failure. When will the subprime mortgage crisis end?"
"..."
The panic spread like a virus, and investors began to sell bank stocks, and the stock price fell further.
Countless depositors were afraid that the bank would go bankrupt and they would not be able to withdraw their money, so they ran to the bank to withdraw cash.
The run on the bank began.
Foundation headquarters.
After Solomon learned about this, he was so angry that his forehead was about to smoke:
"Let Paulson of the Treasury Department find a way to issue an announcement! Say that there are short sellers maliciously spreading panic!"
"Also, let those banks that are shorted take various measures to stabilize stock prices, including releasing good news, repurchasing stocks, etc."
Michelle: "Yes!"
Solomon paced back and forth with a red face.
Recently, it was not easy to save some of the economy by lowering interest rates and various measures.
It seemed that the subprime mortgage crisis was about to be overcome!
At this time, Chen Mo actually came to make trouble again!
"Chen Mo, you've made over 10 trillion and you still think it's not enough?!"
"Don't push me too hard!"
"If you push me too hard, none of us will survive!!!"
Solomon grabbed the special phone and dialed the number of the Tarot Club's "The Fool".
"I want Chen Mo dead, kill Chen Mo for me!!!"
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