Extraordinary Genius

Chapter 1787 Cliff Falls

After the news of the bankruptcy of the Lehman Brothers Bank, the stock market in the US fell even harder.

Previously Lehman Brothers Bank applied for bankruptcy protection, which does not mean Lehman Brothers Bank must be bankrupt. Many businesses applying for bankruptcy protection either completed their reorganization or found new investors during the protection period, thus not being truly bankrupt.

But unlike the Lehman Brothers Bank, which is also trying to restructure, unfortunately there are no new investors. Both Barclays and the Bank of America had expressed an interest in the Lehman Brothers Bank, but when negotiations began, they found that it was not worth investing in at all.

Too many liabilities and too few high-quality assets, they do not see the possibility that they will be able to reverse their losses in the short term, or even for three or four years.

In three or four years, so much investment is needed, and the risk is too high. And also crossed the time of the two US political axes, Xiaobu ten promised policy, will the next president ~ continue?

None of this can be guaranteed, and they are also required to come up with a large amount of cash, especially when they are not in sufficient cash.

Originally the shareholders of Lehman Brothers Bank thought the US government axe would help to take over the past.

Why can't they take over the Lehman Brothers Bank?

But it was extremely disappointing to investors that the US government axe really ignored the company's death and watched as the once brilliant investment bank went bankrupt.

One is because the US political axe is really broke, and they can't afford more pressure. They are also reluctant to let Wall Street invest again and again, shifting business risks to the US government axe.

Save Bellstein and let the US Axe spot a lot of problems. If we save the Lehman Brothers Bank again, do they care about the other banks applying for bankruptcy protection?

If you take over, the US government axe will go bankrupt!

This morning, at the door of the Lehman Brothers Bank, there was an interesting scene where it was obviously not time to go to work, but a lot of people poured into the building.

What's different about them is that they're probably carrying briefcases, laptops or something, and this time, many of them are carrying a trolley suitcase, even one bigger than the other.

There are also people not only with suitcases, but also with empty backpacks, cardboard boxes, what are they doing here, moving things.

The company went bankrupt, and many of them were still on the payroll. And after bankruptcy, they leave the office, and everyone's office, more or less, has their own personal belongings.

All important documents of the company have been taken away, even computers that record important information. But there are lots of valuable things in the company, like printers and stuff.

These people are unemployed, and from that day on, they will no longer receive a penny from the Lehman Brothers Bank, not even the salary they were previously owed.

Many people's frustration can be written on their faces, and some even have anger on their faces.

But when they left the company, everyone's suitcase was filled with stuff, and even if they could get an extra pen at that time, it would be a money-changing item for them.

And these illegal actions are completely unmanageable.

The Lehman Brothers Bank used to be treated very well, and many managers were also middle class. But like many middle classes, they want to live a rich life, retire early, and enjoy life.

They are managers again and naturally make some investments, investing in their company's financial products is a good choice.

But when the company went bankrupt, they really lost those investments, and the bonds in many of them became a piece of scrap paper, not to mention the fact that many of the bonds themselves were purchased above their own value.

And the stock they hold in the company has left many people homeless. Some people even start crying from the moment they step out of the company.

They lost hope in life, and some even felt despair. They have to support their wives and children, they have to repay their loans, and they have a lot of living expenses, which they can't afford simply to save.

Ming Ming Zheng Axe took over the Bellstein company, the two housing groups, and even prompted the Bank of America to acquire Merrill Forest Bank, helping so many companies to survive. Why did they leave Lehman Brothers Bank alone?

Many people therefore remember the fiscal mayor of the United States and the Xiaobu X as their differential treatment, which led to their present day.

During this time, it was very difficult for them, the bank managers, to find a job, and so many banks were laying off on a massive scale.

Unlike those who were laid off, they still had a good compensation, but they didn't even get paid!

Wall Street's US financial dream is shattered, as are the unemployed and many who have invested in these businesses.

Whether you invest in the stocks of these companies, buy bonds, or other financial products, you're basically losing money.

These innovative banks, foundations, are all stuck in the mud and hard to pull off. Instead, the most traditional foundations began to take advantage of the opportunity to make more profits.

For example, many fund companies invest exclusively in stocks, many fund companies invest exclusively in gold, and others invest exclusively in oil and other energy. These companies, while losing a lot in the volatility of financial markets, operate in a timely reverse direction, not only to stop losses, but also to earn money.

This is also why the ranking of the US and even the world's fund companies changed dramatically after the previous year. The right choice, the right choice, the wrong choice, some loss, some direct bankruptcy and liquidation!

And when the Lehman brothers officially went bankrupt, the US stock market began to fall even more wildly. The U.S. will no longer own an investment bank, and Wall Street is doomed, and there's talk in the media.

The Lehman Brothers Bank was abandoned by the US government axe, and the speech that Feng Yu had sought publicity for some time ago that the US government axe had no money left, caused panic in the US stock market.

Many people start selling stocks wildly, no matter how low the price, as long as they can. I didn't see so many listed companies suddenly go bankrupt and liquidated. At this time, their claims took precedence, and their stocks turned into scrap paper and worthless.

Even many people say that if you can sell your stock now, you can earn it.

At this point, many fund companies also started the trend of selling short rice stocks, and whether or not the stock market collapsed, they could earn profits, which is Wang Dao.

When the U.S. stock market experienced a cliff-like decline and looked at it as if it was going to stop, the U.S. Securities Regulatory Commission Chairman Christopher Cox appeared.

……