Chapter 0036 - Failure to Rescue the City

On September 25, when the stock market was still falling uncontrollably, just when everyone was selling frantically, five men with heavy faces sat in the office at 23 Wall Street.

Four of them were New York's most famous bankers, and sitting across from them was Richard Whitney, vice president of the New York Stock Exchange.

And sitting in the middle of the seat was the one who summoned them, Thomas Lamont, the largest shareholder of the Morgan consortium.

They are also the group of people at the top of the American pyramid, with a combined wealth of up to 6 billion US dollars.

"Mr. Lamont, things are getting worse, people are losing faith in the stock market, and we can't let him go on any longer. Richard Whitney's deep voice echoed through the office.

"Every hour, millions of shares are sold, and if this continues, people will lose confidence not only in the stock market, but in the economy as a whole. A banker looked at the group with a worried face.

Everyone knew what he was worried about, and that was what they were worried about as well – a frenzied run.

"We have to join forces to rekindle confidence in the stock market. Thomas Lamont tapped on the table and said categorically.

The meeting ended at lunchtime, and the bankers decided to inject $250 million in total assets into the stock market to boost the market and restore confidence.

Just after lunchtime, Richard Whitney, vice president of the New York Stock Exchange, returned to the exchange and shouted in front of the trading desk: "JP. Morgan has decided to buy 25 million shares of American Steel." ”

In the midst of an uproar at the counter, Richard Whitney turned to another trading desk again and shouted, "Mr. Rockefeller has decided to hold 20 million shares of Ford." ”

In the shouts of Richard Whitney, the market, which is falling wildly, has shown signs of rebound.

Although this sign only lasted for a moment, it finally stopped the downward trend.

Bankers and financial entrepreneurs are optimistic that this will soon pass, including the optimistic American public.

"BOSS, the stock market has stopped falling, Morgan and Rockefeller, including numerous bankers have joined forces to bail out the market, and the massive sell-off has stopped. ”

When news of the joint bailout reached Chicago, Ben's mood became a little uneasy.

There was a dispute in the think tank, and Jonny believed that the joint bailout of Morgan and Rockefeller would restore confidence in the market, and the two names are legendary in the United States.

Wheaton agrees with Ben that a financial bubble has arrived and that no one can stop it, not even Morgan and Rockefey.

Looking at the book in front of him, Li Zitao just asked him: "Have we lost money now?" or have we already liquidated the position?"

"Of course not. Ben looked at him in amazement.

"Then what's the point of hesitation, just keep reading. Li Zitao is not confident in himself, but chooses between 5.57 million US dollars and hundreds of billions of US dollars.

If he can't participate in this feast, then 5.57 million US dollars and being penniless are no different for him.

"It's happened, what you couldn't do in your previous life, I don't believe you can do it now. After Ben left, Li Zitao clenched his fists and said fiercely.

The time quietly came to October 1, the turbulent stock market seemed to be revitalized by injected funds, and the think tank tensed its nerves every day, staring at the phone on the table.

It was also on this day that a small trader from the Bronx saw a news item in the newspaper about some speculation about the Bank of the United States.

Picking up the newspaper, the peddler hurried to the New York branch of the United States, the second bank established since the independence of the United States.

Although for some reason it eventually became a state bank that could only operate in New York State, no one can deny its glorious history.

The vendor came to the counter of the branch and said to the bank clerk, "I want to sell my stock in this bank." ”

No one knows what they said afterward, but after the vendor left, a rumor spread in New York that "they refused to let me sell my stock." ”

An even greater panic struck, with 25,000 depositors appearing in front of the branch within an hour, and a run of $2 million until the bank closed.

No one knew that the Bank of the United States had lost money because of its failed investments in real estate, and it was barely supported by making false accounts.

So, when the next day, branches in Manhattan, Queens, Brooklyn, and other places also faced a run, and the United States Bank, which had a glorious history, went bankrupt.

As the news spread, questions arose about the banking system across the United States.

Rumble!

The stock market plummeted again, but no one paid attention to it anymore at the moment, as disaster swept through the American economic system and the Great Depression officially began.

In the rich area, where the appearance is glamorous and rich, and the villas are decorated with high-end furniture and accessories, the sound of beating, smashing things and quarrels between husband and wife has become a new theme of life.

Every night, a new family joins the pack, and the scene plays out in every city, not just in a specific area.

Bang!

When the famous economist Fell, in his luxurious office, drank his last glass of red wine and shoved the muzzle of a gun into his mouth, despair became the only emotion.

And his suicide was just the beginning, the news of the bank's bankruptcy became the new darling on the news page, and every day bankers chose to commit suicide because of bankruptcy.

The outside world is wailing, unemployed, bankrupt, drunk, whining, and even committing suicide, and life still needs to go on.

On the contrary, the consumption of alcohol continued to rise during this period, and drunk people carrying wine bottles can be seen everywhere on the streets at night.

They wore hand-judged high-end suits, and a pair of leather shoes was the annual income of ordinary people, but the spirit of the past was completely gone.

In Area 22, lying in the room where the wall skin was peeling off, Li Zitao put his feet on the 'squeak' crossbar and hummed a little song leisurely.

"BOSS, Nuki's call. Huang's call came from outside the house.

"It's coming. Li Zitao picked up the phone, and Nuki's exaggerated complaint immediately came: "Li, you damn capitalist, you are about to empty the money in my pocket." ”

"Well, it looks like I'm going to find a new buyer for the beer in the warehouse. Li Zitao ignored him, this guy always likes to complain, just like a complaining woman.

No one cares about Prohibition anymore, and former Prohibition members look at people with sympathetic glances even when they see someone walking down the street with a bottle.

Even the Prohibition agents don't bother with these people anymore because they are worried about their wages and the future of their families.

"FK, Lee, if you dare to do that, I'm going to kick your ass. Nuki yelled angrily, of course it was a joke.

After discovering that Li Zitao's friend is very reliable and can provide him with a reasonable and legal 'gunman', Nuki has already fallen in love with him.

"How's your committee?" Li Zitao asked casually.

"We're partying. Li Zitao pursed his lips disdainfully, believing in your evil!

Nuki, who was in Atlantic City, seemed to see his expression through the microphone, and muttered, "It will take some time, and the division of interests is not so simple." ”

"Are you really not interested in getting involved?" asked Nuki again, this was the first time, and Li Zitao had forgotten about it.

"No, I'm going to start my own business, Nuki, wait and see!" Li Zitao laughed heartily.

"Okay! I'm looking forward to getting my booze over the other time, asshole. Hanging up, Nuki looked out the window at the special guard downstairs.

"If they were mine, this meeting would have ended long ago. Nuki thought to herself.

Of course, Li Zitao didn't know how much Nuki envied him in his heart, and what he envied even more was the loyalty of these people to him.

But he also didn't know that Li Zitao used real money to insure a huge amount of money for this 'loyalty'.

When the first $20 million was put into his pocket from the stock market, Li Zitao turned into a fortune boy, crying and digging out his pocket.

The 'Get Rich Overnight' team, Li Zitao paid them 100,000 US dollars each, so that their families could stay calm in the panic and would not affect the follow-up plans of the geniuses.

In District 22, there are 126 Chinese families, as long as someone in the family works in S.H.I.E.L.D., 5,000 US dollars per family.

Jamie Tang, the Chinese teenager who lost his life at the Royal Nightclub, in addition to the 1,000 US dollars in compensation paid to his family before, Li Zitao gave 10,000 US dollars again.

Samode, although his current sense of existence is a little low, has been performing very well since he took refuge in Li Zitao.

The small disputes and troubles encountered by Chinese families are solved by him, and he never complains, and he has a great prestige in the hearts of children, and Li Zitao cannot favor one over the other.

"Money is a bastard, let's earn it again after spending it, woo woo ......" waved his hand, and more than 500,000 US dollars were gone.

My little money, fly away (liao)......

After such a circle of scattered wealth, Li Zitao's pockets are almost clean, uh... A slight exaggeration!

What makes him happy is that S.H.I.E.L.D. has recently ushered in an explosive business volume, and every day someone will come to consult and take away the bodyguards who will satisfy them.

The situation is a bit chaotic right now, and some bankrupt gamblers who have lost money in the stock market, with red eyes and guns in their hands, are roaming around trying to kill the rich people who have taken their money.

This is a dangerous signal, instead of counting on the security of the city, it is better to buy yourself an insurance, money, is never as important as life.

No matter what year or month, even in the Great Depression or financial crisis, there will always be a class gap between local tyrants and local turtles.

He was not the only one who made money in this disaster, and Li Zitao got a positive answer from Ben, such as his old employer, JP. Morgan.

It's just that in such an environment, everyone keeps a low profile to avoid being targeted by people with pink eye and causing unnecessary trouble.

The content of that meeting has been revealed, and it doesn't matter who leaked it, anyway, everyone here at the time has enough prestige.

Thinking of Morgan, together with Rockefeller and bankers, throwing 250 million yuan to save the market, Li Zitao couldn't help but want to scold, 'Don't force your face.' ’

They all came up with such a shameless method, and the capitalists' brains just turned fast, and they even used the way of throwing money to extract themselves from the accusations and did a good job.

You must know that they are giants, and giants represent huge capital, but at the same time, they are also concerned by society and pink eye people.

If they hadn't done anything when the Great Depression had come, those who had been cornered after bankruptcy would have a hundred reasons to pin the source of this catastrophe on them.