In 2007, the subprime mortgage crisis erupted, and the severity of the crisis was beyond anyone's imagination, with major central banks pouring capital frequently, but still unable to prevent the financial crisis.

In the blink of an eye, 2008 came, and the subprime mortgage crisis intensified further.

The International Monetary Fund (IMF) said that as of now, the global subprime mortgage crisis has lost nearly two trillion US dollars!

This year, countries were still busy bailing out the market, and Li Zetian was not idle, busy buying and digging up the wall.

Other companies are developing obscenely, but Li Zetian's company is developing against the trend, with more and more factories, R&D laboratories and talents, which can't help but make people jaw-dropping.

At the beginning of the year, Truss Motors launched a new electric car, but because it was a global crisis, the media reported it and said it was amazing. But then the focus was shifted by the subprime mortgage crisis.

Li Zetian didn't care, the attention of Tesla cars is not high, anyway, it is the first car, and there are many technologies that still need to be perfected and improved. This year, the global economy is declining, spending power is decreasing, and not many people are buying luxury sports cars.

However, there were nearly 300,000 users who had booked Tesla cars before, and Li Zetian was already very satisfied, which was a very good result! Tesla cars cost $100,000 a car, and the sales volume is $30 billion, which is already super powerful!

Li Zetian still thinks that Tesla cars are too expensive, and only by greatly reducing production costs can electric vehicles be popularized!

It's September 15, 2008, a historic day for Wall Street.

Lehman Brothers, the fourth-largest investment bank with a 158-year history and 40 consecutive years of U.S. mortgage bond industry, has officially announced that it has filed for bankruptcy protection in the face of $613 billion in debt!!

The bankruptcy of Lehman Brothers immediately triggered a global financial tsunami, Wall Street ushered in a veritable "Black Monday", US stocks plummeted, and the Dow Jones index recorded the largest single-day drop since the "9/11" incident, and the global stock market also plummeted.

Asia-Pacific stock markets fell sharply on September 16, with Japan, Hong Kong, Taiwan, and South Korea all falling more than 5%, while the Australian stock market also suffered an earthquake, and the Australian dollar opened weaker on the 16th, and the stock market closed down more than 1.5%...... In the long run, however, the biggest impact of Lehman Brothers' bankruptcy on the world is that it further undermined confidence in the market and its future.

The subprime mortgage crisis that broke out in the United States in 2007 brought heavy damage not only to the United States but also to the global economy, and the bankruptcy of Lehman Brothers heralded a further escalation of the crisis, in which more large financial institutions will fall;

On the same day that Lehman Brothers officially announced that it was filing for bankruptcy protection, Bank of America, which represents the will of the Federal Reserve, acquired Merrill Lynch, the third largest investment bank in the United States.

Warren Buffett couldn't help but sigh: "All the companies on Wall Street are 'naked swimmers'. Only this time, Merrill finally climbed ashore and did not drown in the water. But Lehman Brothers wasn't so lucky......"

It's just that this "dramatic" deal has made many people angry!

"The U.S. government could have saved Lehman Brothers together, why only saved Merrill Lynch!!"

"It was U.S. Treasury Secretary Paulson's 'death or death' that led to the outbreak of this global financial tsunami!!"

"Yes, the impact of the subprime mortgage crisis has been reduced, but the bankruptcy of Lehman Brothers has made the situation even worse!!"

“……”

In this regard, Li Zetian was naturally gloating, because the bankruptcy of Lehman Brothers was greatly beneficial to him, so he had no intention of intervening at all. Later, when Lehman Brothers went bankrupt, they divided the assets with other companies.

On September 17, Chronos Bank paid $1.75 billion to acquire Lehman Brothers' New York headquarters, two data centers and some of the trading assets. On September 20, Chronos Bank acquired Lehman's Asia-Pacific business and its business in Europe and the Middle East. On October 4, it signed an agreement with Lehman Brothers again to acquire Lehman Brothers' Indian back-office business.

The once-glorious Lehman Brothers have been dismembered beyond recognition in less than three weeks. At this point, Lehman finally fell to the bottom and never saw the light of day again.

By early January 2009, Nortel Networks, the largest telecommunications equipment manufacturer in North America, was on the verge of bankruptcy and was acquired by Li Zetian's Galaxy Networks.

Nortel Networks was formed in 1998 by the merger of Northern Telecom and Gulf Networks, and is a leading Canadian telecommunications equipment supplier and the world's leading provider of optical networks, GSM/UMTS, CDMA, iMAX, IMS, and enterprise communication platforms.

After the acquisition of Nortel Networks, Galaxy Network has greatly strengthened its own strength and become a veritable telecom network equipment giant, which is enough to face more challenges in the future, such as those from Huawei.

……

Clearly, even in 2009, the financial crisis had not been resolved.

On March 2, American International Group (AIG), the largest insurance company in the United States, suddenly announced its losses for the fourth quarter of 2008, which became the last straw for the US stock market!

$61.7 billion!!!

In the fourth quarter of 2008 alone, AIG lost $61.7 billion, the largest quarterly loss in the history of the United States.

On the same day, the Dow Jones Industrial Average closed at 6,763.29 points, the lowest closing level since April 1997, which also means that the market value of the Dow Jones has shrunk by more than half in just one and a half years. Under this stimulus, Asian stock markets generally opened sharply on the 3rd. Among them, Japan's Nikkei index fell to 7117.66 points in early trading, falling to the lowest point after the collapse of the bubble economy. China's Shanghai Composite Index fell 1.05% and Hong Kong's Hang Seng Index fell 2.3%.

As soon as Li Zetian heard the news, he was overjoyed in his heart, and secretly said that he was going to make a lot of money again.

Short stock index futures, the more the index of various countries falls, the more Li Zetian earns!

The agreed time for Li Zetian to short stock index futures was set on April 1, 2009, April Fool's Day, to show that he had fooled the world and made a windfall, and secondly, at this time, the subprime mortgage crisis was over, the impact was reduced, and the market began to recover.

Of course, there will still be some companies that continue to be affected by the subprime mortgage crisis. General Motors, for example, went bankrupt on June 1.

The 2008 recession and global credit crisis pushed car sales to the brink of recession, and by 2009, GM, which was severely ill-liquid, was unable to recover. Li Zetian wanted to buy General Motors, but it was obviously impossible. The United States is determined to help General Motors through this difficult situation.

Li Zetian doesn't care, he still thinks that he has too many car companies and is not easy to manage.

At this moment, Li Zetian and Dongfang Yuqin are collecting funds and counting how much money they have made in this subprime mortgage crisis.

When I finally saw this number, even if I was as calm as Li Zetian, I couldn't help but be shocked!