Today coincides with the weekend and the school has no arrangements. Ding Le's unexpected arrival turned Xia Xiao into a happy lark, and today she made a guest tour guide to lead Ding Le to Manhattan.

Manhattan is not only the economic center of the United States, it is also a popular tourist destination in the world, with up to 50 million tourists visiting each year, and many of its attractions are world-renowned.

If you're a visitor, the Empire State Building, located between West 33rd and 34th Streets on Fifth Avenue, is a must-see.

Built in the thirties of the 19th century, this skyscraper is one of the landmarks of New York, USA, and it is now hidden among the many skyscrapers of Manhattan, but it is the world's tallest skyscraper for the longest time, and it has witnessed the ups and downs of Manhattan.

All of Ding Le's impressions of the Empire State Building come from the classic Hollywood romance movie "Sleepless in Seattle", where the hero and heroine meet on the roof at the end of the film.

It is said that 80% of the people who travel to New York will come to Times Square, standing here, Ding Le looks at the colorful billboards and the endless flow of people, he can feel the great charm of New York's artistic atmosphere and commercial culture.

At dusk, Xia Xiao accompanied Ding Le to Central Park, strolling in the belvedere castle, the tower standing in the air, the meteorological measuring instruments on the top of the tower and the Gothic exterior formed a great contrast, Ding Le looked at the road he came from, on the right, the buildings of Fifth Avenue quietly extended to the north, and the windows were shining orange gold. On the left-hand side, in the shadows cast by the dark clouds, are the black outlines of the forts on West Central Park Road.

Looking at the beautiful scenery in front of him, Ding Le sighed and said: "It is said that Hong Kong is prosperous, but standing here and looking at Manhattan, it feels even more prosperous!"

Ding Le's words reminded Xia Xiao of the night when the two watched the night view on the top of Taiping Mountain, after the two fell in love, they got together less and left more, and she remembered every day and night together.

After a pleasant weekend, Ding Le also turned his attention to Wall Street.

On September 10, Lehman Brothers announced its third-quarter results, with a huge loss of $3.9 billion, the largest quarterly loss in the company's 158-year history.

Affected by this news, Lehman Brothers' stock price fell to $7.7, and in just nine months, it plummeted by nearly 90% from $60 at the beginning of the year, leaving a market value of only about $6 billion.

When Ding Le saw the news of Lehman Brothers' disclosure of the third-quarter financial report, he knew that the building would collapse and Lehman Brothers would be completely destroyed.

Wren Smith had never been so panicked as he was now, and when he arrived at the office at 9:30 a.m., he was still gaging with the beautiful young female secretary, and as the company's fastest-rising executive manager, he had the qualifications to be in high spirits.

Twelve months ago, when the subprime debt bomb was detonated and dragged American real estate and Wall Street into the abyss, layoffs and employee departures were commonplace in financial companies. Wren Smith, who sat in his office and waited for the bad news of the layoffs, was surprisingly appreciated by the nobles.

In the face of the unprecedented "subprime mortgage crisis" in the United States, Mark Walsh's method was very simple, spinning off Lehman's assets related to commercial real estate and going public.

IN ORDER TO CLEAR THE MINES, LEHMAN BROTHERS FORMED A SECRET TEAM TO SPLIT AND PACKAGE THE ASSETS INTO A NEW COMPANY, CALLED REI GLOBAL.

Lane Smith's original job was primarily to serve commercial real estate clients, so he was spotted by Mark Walsh and recommended to Lehman CEO Richard Foord, so overnight, Wren rose from a modest business manager to the new company's investment banking executive manager, overseeing a 110-person investment team.

Just as Wren was flirting with the female secretary, the phone on the table rang suddenly, and he picked up the phone very reluctantly, and after a while, his face quickly became cloudy.

It turned out that the call was from the big boss, and CEO Richard Ford said tiredly: "Wren, you must act immediately, immediately, and prepare a drinking party for tonight!"

During this time, Richard Ford had been lobbying Japanese and Korean consortia in Asia to invest in Lehman so that the company's spin-off plan could be realized.

However, the Japanese and South Korean conglomerates were not easily persuaded, and when Richard Forde saw that there was little hope, he tried to persuade Treasury Secretary Paulson that the U.S. government would help Lehman in the same way that it had saved Bear Stearns and the "two houses".

Just now, he finally persuaded Treasury Secretary Paulson that he would come forward tonight to bring together the bigwigs of Wall Street investment banks to discuss Lehman's capital injection.

So the big boss assigned a task to Wren on the phone, asking him to arrange this drinking party quickly, he said: "Wren, you must know that this may be our last chance." ”

The subprime mortgage crisis could not have spread to Lehman, Lehman held very little subordinated debt, and when the subprime mortgage crisis first broke out, the company had already sold off decisively.

Lehman dodged the subprime debt bomb, but the crazy rise in housing prices made everyone lose their minds. Banks began lending to customers who did not qualify, and financial institutions packaged these loans into bonds and financial products that were sold through the five major investment banks.

While Lehman Brothers has not touched subordinated debt, its funds have a frenzied holdings of more than $30 billion in commercial real estate and residential. Since Bear Stearns was acquired by JP in March, Lehman Brothers, which has bet most of its investment in commercial real estate, has seen its share price fall.

Since Lehman Brothers used financial leverage to issue short-term bonds to financial institutions at the time of the acquisition, Lehman's stock would collapse as soon as someone shorted it.

Wren, who received a call from the boss, couldn't care about flirting with the female secretary, he immediately started to get busy, if he wanted to hold a successful drinking party, there were many things that needed to be prepared, and the big boss asked that it must be tonight, Wren suddenly panicked.

He contacted several high-end hotels in the lower city, and finally chose the Four Seasons Hotel as the venue for tonight's reception.

While Wren was busy, Ding Le was discussing the specific liquidation strategy with Gao Renqiang in the conference room, he had no idea that Lehman's life-saving reception would be held here, and he had never been so close to history all over again.

Ding Le originally planned to buy shares from the market in batches to repay the securities company when Lehman Brothers' stock price fell to $10, but now when he came to Manhattan and felt the pessimistic and desperate market sentiment of Wall Street from zero distance, he deeply realized the power of shorting, so he pressed the pause button, and the plan to close the position was repeatedly postponed.

In his previous life, Ding Le only knew that Lehman Brothers eventually ended in bankruptcy and collapse, but he didn't know what kind of dying struggle Lehman Brothers had gone through before that.

He was even more unaware of the last few dozen hours before Lehman Brothers' bankruptcy and the upcoming drinking party at the Four Seasons Hotel in Downtown, and his reservation at the Four Seasons Hotel was purely accidental.