Extraordinary Genius

The two housing groups are already heavily indebted, and losing billions of dollars in a quarter like the Lehman brothers is already very high, but compared to the two housing groups, the little witches are really witches.

In July, the losses of the two Housing Groups exceeded $70 billion, with such a high loss in a month. Previous losses have not yet been accounted for, otherwise they will be even more terrifying.

At the beginning of July, two firms, relying on stock increases, financed $55 billion and $6 billion, respectively, in order to survive the crisis.

Instead of overcoming the consequences, the burden on businesses is once again exacerbated.

The Federal Reserve would have liked the dollar to appreciate, and then it would have been able to absorb more money, give banks more cash, and cut back on cash, thus giving banks more money to operate on.

That's what the two housing groups thought, so they borrowed huge sums of money and invested in dollar interest rate swaps, hoping to get them back a lot of money and get through it.

But they never thought that the Fed would raise interest rates again, but the number of depositors was still low, and frankly, people didn't believe that much in banks anymore.

Then Feng Yu, Kirilenko and others are still leading the way in selling the dollar, continuously suppressing the dollar exchange rate and keeping the dollar exchange rate falling.

At this point, the banks on the other side of Europe joined in, and they saw the profits.

Examples include Barclays, UBS, Royal Bank of Scotland, Deutsche Bank, UBS, Cooperative Dutch Bank, and even US own commercial banks such as Citibank, Morgan Datong Bank and Bank of America.

In the view of those capitalists, only profits are real, even if other enterprises live or die.

With these huge banks joining, the exchange rate of the United States dollar cannot be pulled up at all. Feng Yu's main selling of dollars is also on the European side, through these commercial banks.

Many of these banking giants were also scrambling crude oil at the time, and they thought that falling dollars would keep crude oil high, so it was in their best interest to sell it, not to mention to stimulate financial markets such as stocks.

As a result, the investment of the two housing groups lost again, and the losses were very high.

Together with the continued bankruptcy of insurance and financial companies during this period, the debts of the two housing groups are increasing, the value of the securities is decreasing, and their losses are getting bigger and shorter.

And those European commercial banks are playing hard again at this point, which is to raise interbank interest rates, which are borrowing rates between banks and other financial institutions.

This has also led to a sharp rise in lending interest for both housing groups, making their losses even greater.

Of course, interbank interest rates have risen, and Feng Yu and others are losing more and more dollars, but Feng Yu doesn't care.

This loss can be recovered from investments in other markets, such as the short selling investment in the US stock market, so that they can be compensated for.

Besides, Feng Yu's most profitable investment is crude oil futures.

At this time, the crude oil futures are still falling. Feng Yu and their short selling contracts can see the profit increase almost every day.

A business is losing too much, and natural stock prices are falling fast.

Last year, the stock price of both housing groups exceeded $60 and began to fall at the beginning of this year, when Feng Yu also took the lead in selling short.

After the stock price was suppressed to around twenty dollars, the US government axe began to invest, pulling up a little, but as the investment of the two housing groups continued to lose, their operating losses grew more and more, and their stock prices naturally fell all the way down, now just over a dollar.

In other words, the market value of the two companies shrunk to one in sixty and wealth evaporated by more than 98 percent.

Likewise, the Merrill Forest Bank, the Lehman Brothers, etc. whose wealth evaporated very heavily, went bankrupt, and the two Housing Groups persisted because they were the two Housing Groups, the largest sponsor of the American political axe.

The huge losses of listed companies have a huge impact on the stock price, and if the stock price is less than one dollar for 30 consecutive trading days, they will be forced out of the market, which can be difficult to reverse.

At this time, they chose the same path as companies like Genesis, Enron, etc., which was financial counterfeiting. Falsify profits and conceal losses so that investors do not lose confidence in them altogether.

A few years ago, the two housing groups also had a financial fraud scandal, but at that time they were hiding profits, which was acceptable to investors, proving at least that the two companies were very profitable, just trying to give them less. In fact, that unreported profit is not a direct income, but a book income.

But this time it was different, this time hiding losses and not wanting investors to withdraw, otherwise they would be completely screwed.

So the giants of both housing groups started making accounts, increasing their profits by $120 billion, and hiding some losses, which made them look much better financially.

Let investors think that the two housing groups are in a temporary dilemma and will soon emerge from the dilemma, giving investors high returns again.

Unfortunately, Feng Yu knew about this in his previous life, and after careful examination, he also found tangible evidence.

Then it's easy to expose the scandal, and the price of the two housing groups is bound to be another setback.

[Do you want to repeat the history of Enron, Shitong, etc. when the two housing groups jointly conceal losses?

[Both Housing Groups misrepresent profits, investors are deceived by them!

[The two housing groups are on the verge of bankruptcy, will mortgage interest rates rise sharply again?

[The bankruptcy of the two housing groups will set off a financial storm, and the US economy will be hit hardest!

Multiple pieces of news were reported on the Internet, in newspapers and on television, rapidly spread throughout the United States and throughout the world.

For a while, the news even held back the Olympics in Warsaw. According to the Olympic Games, the Olympic Games were the favourite of the media, but this time it was different.

Little Boo X, who is being interviewed by the media, is still laughing and telling reporters that this time US athletes will continue their past achievements, breaking many Olympic records and even many world records.

He loves an athlete very much and hopes to have dinner or something when he triumphs.

But at this point, he saw the people in his office waving at him behind the reporter, indicating that something urgent had happened.

Someone stopped the reporter, interrupted the interview, and Boo X walked over and asked, "What is it? ”

His face was unpleasant. Today, an athlete in the U.S. broke the world record. It was rare for him to be happy during this time. He was happy.

“Mr. President, take a look, there's been a major scandal in both groups! ”

……