Reborn with wealth that rivals the country

Foundation headquarters.

Solomon looked at the more than 3 trillion in his account and breathed a sigh of relief.

From the time when Chen Mo launched a CDS and started shorting the real estate of Hegemony, to the moment such as Bells, and then to the full-scale subprime mortgage crisis, the foundation can be said to have been repeatedly defeated and never won.

So far, Solomon has calculated that the loss must be at least 14 trillion. This is still the result of taking a lot of taxpayers' money from the hegemonic country to plug the hole. Otherwise, this number may have reached 20 trillion.

In fact, it stands to reason that Solomon cannot follow Chen Mo in shorting banks in these countries.

First, because banks in these countries are major customers of CDOs, shorting them is actually stimulating the continued expansion of the subprime mortgage crisis.

The second reason is that many of these banks are assets belonging to other main gods or allies of the foundation.

What Solomon did was equivalent to using the assets of other gods or allies to fill his personal holes.

In this situation where failure will lead to catastrophe, members and allies are of course only for use! .🅆.

But Solomon only dared to do this secretly. If other main gods or allies really knew about it, then the foundation would probably be disbanded!

At this time, Michelle came over and said respectfully: "Mr. Rothschild, the First Republic Bank can no longer handle it. Hafize asked me to ask you for help."

A few days ago, First Republic Bank took a breather because its firepower was attracted by other banks. However, after Chen Mo finished attacking 35 countries, he immediately mobilized his firepower to target the local banks of the overlord.

Hafizeh was suddenly stressed again.

Solomon frowned: "Actually, the failure of these banks is not entirely a bad thing."

After the bank fails, the debt is naturally written off.

As for deposits...

50% of the deposits of the banks that were bankrupted by Chen Mo came from foreign countries, and many even came from Daxia.

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.

The remaining 50%, although they come from the hegemonic country, are ordinary people at the bottom.

The deposits of powerful people were transferred first before the bank went bankrupt.

Overlord banks have collapsed one after another, and investment banks under the foundation's name, such as Mogen Chase, can make acquisitions at low prices!

The overlord not only harvests the whole world, he doesn't even spare his own people.

After hundreds of banks went bankrupt, a lot of debts were eliminated and a lot of bubbles were burst, which was equivalent to using depositors' money to help the foundation fill holes.

Michel knew what Solomon meant, but he was worried: "The bankruptcy of small and medium-sized banks does not have much impact, and it can even be said to be good for us.

But too many bankruptcies, especially the bankruptcies of large commercial banks, will cause a crisis of confidence and further amplify the subprime mortgage crisis and inflation.

I'm not afraid that First Republic Bank will go bankrupt. What I'm afraid of is that its bankruptcy will lead to the bankruptcy of other big banks!

As long as the dominoes don't connect, it doesn't matter how many they fall down. I'm just afraid that they will connect and knock over all the dominoes. "

Solomon nodded in agreement.

Although Chen Mo's short selling is huge, the scale is not big enough.

95% of the banks that he shorted and went bankrupt were only small and medium-sized banks and some of the top 20 medium- and large-sized banks, and there were no super-large banks that ranked among the top such as Bales.

First Republic Bank is barely considered a very large bank, much smaller than Bells and others, but its influence is already great.

"What is the specific situation of First Republic Bank now?" Solomon sighed and asked.

"Under the attack of Chen Mo's Sky God camp,

, Hegemonic Bank continued to experience thunderstorms, causing the high-quality depositors of First Republic Bank to be very, very sensitive.

In the past, we could fool them. We had a strong insurance base. Even if the bank went bankrupt, everyone's deposits would be saved.

But now many people already know that the FDIC's upper limit is 250,000, and more than 78% of First Republic Bank's depositors have deposits above 250,000.

Among them, the median deposit is as high as 3.3 million Baguo currency.

For them, the insurance of 250,000 Baguo coins is not a drop in the bucket, it can only be said to be almost nothing. "

"Therefore, after Chen Mo conducted a "King of Hell" on First Republic Bank, a huge crisis occurred because First Republic Bank's customers were too good.

The risk of a run by outstanding savers is much greater than that of ordinary savers. "

“Since Chen Mo started short selling, within one month, 40% of the small and medium-sized banks in Hegemony were plunged into a liquidity crisis, with a large loss of deposits.

The kbw regional bank index is even more disastrous. The total market value of regional banks has evaporated by one-third in one month.

So is First Republic Bank. "

Michelle reported to Solomon with a lot of data with a slight headache.

Solomon gasped.

He didn't expect that the situation had become so serious!

Solomon originally thought that by taking advantage of Chen Mo's short selling this time, he would eat more money from the bank to make up for his losses.

In this way, the small bank falls and the big bank is full, and its losses can be reduced a lot.

But now it seems that the situation has become serious enough that Solomon has no choice but to save him.

"Send my order and ask other big banks to assist First Republic Bank!"

"absolute

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Can't let it go bankrupt! "

Solomon said solemnly.

"yes!"

On the same day, 11 large banks, including Morgan Chase, jointly announced their support for First Republic Bank!

These 11 banks announced that they would provide 30 billion in deposits to First Republic Bank to help it tide over the difficulties.

Financial Secretary Henry Paulson also publicly stated: "The official will not abandon any bank, nor will it allow some people with ulterior motives to maliciously short-sell!"

The money was given, and so was the official attitude.

Two great benefits at the same time!

First Republic Bank's stock price, which had already hit rock bottom, began to reverse, rising by 30% at one point!

Countless savers and investors believe that this may be the "final ending" of the "bank bankruptcy".

Everyone celebrated crazily online:

"The great attack by the Sky God that lasted for more than a month is coming to an end!"

“Finally, I don’t have to worry about my savings disappearing for no apparent reason.”

"The banks should have united long ago to boycott Kongshen!"

"This counterattack will probably make Kongshen suffer a big loss and lose a lot of money!"

"Chen Mo's undefeated myth ends here!"

"..."

Moxin Building, Chen Mo's office.

He Chaoling reported the situation to Chen Mo: "Boss, First Republic Bank seems to have been saved. At present, more than 10 of our short-selling accounts have been liquidated, and the rest have been added in time and have not been liquidated."

"Customer confidence in First Republic Bank seems to be restored now, plus the bank's debt ratio is very low, and there are 11 banks offering help...

I'm afraid our short selling this time has failed. "