Chapter 1213: A Currency War to Live or Die
"Poofβ"
"Ahem, ahemγγγγγγ β
At midnight, in Edmonton, Canada, Warren Buffett, who had just returned to the hotel after attending a charity concert, watched the live report on TV, and directly squirted the ice water in his mouth, and the violent coughing scared his little wife to come over and pat him on the back.
Buffett's eyes widened, and he stretched out a trembling finger to point at the pathetic Andy Smith on the TV for a long time before he stopped coughing and squeezed a word out of his teeth, "Shameless!"
However, what made Buffett almost vomit blood in anger was that one day 10 months later, Buffett suddenly found a small icon on his BlackBerry phone, and he asked his daughter Susan, "What is this?" Susan studied it carefully and told him that this was Chadfuld's voice message to him on the day Lehman went bankrupt. In the message, Chadford agreed to all of Buffett's previous harsh demands, as long as he could pay for it...
A deal that affects the world, a deal that can make Buffett make a lot of money, is ruined in this erroneous phone message!
"Bang!"
"FXXK!, this Son of a bitch!"
The CEO of Barclays, who was always following the bankruptcy of Lehman, smashed the coffee cup in his hand directly on the LCD TV, his expression was extremely hideous, and he roared and cursed hysterically.
It's over, their Barclays bank's inevitable assets have been cut off!
In his uncontrollable anger, he grabbed the phone and dialed outγγγγγγ
"Poofβ"
"Haha... β
Xiao Feishou in pajamas sat on the sofa in the living room, holding a coffee cup, watching the live report on TV, and laughed maliciously, while the White House staff and staff who were standing around the living room were working overtime to formulate a mechanism to limit short sales, and they all held back their smiles with some schadenfreude.
"This bastard boy ... Haha,Laugh at me.,It's really the bad boy of the Smith family.,It's so bad.γγγ β
Everyone around them immediately looked up at the ceiling, and it looked like I hadn't heard anything, and Mr. President was a little too self-indulgent.
Bang bang...
At this moment, Paulson's eyes were full of rage, and he looked at Andy's disgusting face on the TV like an angry lion, eager to pounce on him and bite him to death, angrily sweeping everything on his table to the ground.
"Dirty, vile, disgusting shit! hellish idiot... β
Looking at Paulson, who was angry and cursing with all kinds of vicious swear words, Hamilton, as the chief of staff, turned around and quietly left the office with a gloomy face, and the office could no longer stay at the moment.
Paulson's anger is understandable, but there are some things and words, it's better not to listen, it's just a job, and he doesn't want to offend a monster because of his work.
Ten minutes later, an angry Paulson slammed the office open, stormed into another office with a fierce momentum, picked up the phone and gritted his teeth and roared: "Let those damn bastards, immediately, immediately, enter bankruptcy proceedings!"
At this moment, Paulson had made up his mind to rather sacrifice Lehman than establish the "iron discipline" of Wall Street.
Andy, who was extremely excited at this time, took a big sip of a bottle of champagne in the car on his way home, stepped directly on the seat, leaned out of the sunroof, and cheered in the neon streets of Manhattan, venting his inner excitement at the moment.
This is the "live or die" currency war, brutal, bloody, and far-reaching.
In this war, Andy is undoubtedly one of the few victors, of course, he is not the only one who took advantage of the fire to rob Lehman, more ruthless and more brutal than Andy, and it is said that it violates the implicit contract principle of good faith and fair dealing, MG Chase, as Lehman's "settlement bank".
However, those are no longer important, Andy at this moment is not only happy because of making money, but more importantly, the sense of accomplishment after success, the sense of conquest that everyone is playing with between applause, what he wants most at the moment is to celebrate, celebrate.
So seeing Ivana who opened the door for himself, looked excited, and looked at him with adoring eyes, Andy closed the door directly, flipped Ivana over, and said "Stand firm".
Andy Tu, who has a small belly and chicken intestines, sees the poor dagger, and Ivana, who has a tube of Bao Zhijiao, began to give people a handle regardless of it. . .
"Don't visit, the three bridges are unimpeded, go back and forth to the flower committee, hide the jade and bury the incense, several wind and rain. β
At the same time, Paulson, who had completely lost his patience, once again ranted to Cox, the chairman of the Securities and Exchange Commission, urging him to pick up the phone and let Lehman Brothers carry out bankruptcy proceedings.
Eventually, Cox and Geithner's lawyers had to call the Lehman Brothers board again and declare Lehman Brothers bankrupt.
At 1:45 a.m., Lehman Brothers finally had funds on the books, and various branches around the world were still making payments to the headquarters, and Lehman Brothers announced to the Manhattan court that it was seeking bankruptcy protection, which was also the largest bankruptcy case in the history of the United States.
In the early morning of Monday, September 15, 2008, Paulson reported to President Flying Shoes about the Lehman Brothers bankruptcy, and received a meaningful reply, "Thank you for your hard work, and I hope the situation will stabilize as soon as possible." β
Paulson, who was in New York, finally breathed a sigh of relief after receiving the president's reply, and when he called his wife in a good mood to seek comfort, he was dumbfounded and stunned when he saw the emergency bill on the White House press secretary on TV to restrict the short sale mechanism.
As the Treasury Secretary, the White House didn't even mention this to him, what does this mean, it is self-evident, the good mood suddenly disappeared, his face was a little pale, and the hand holding the microphone trembled slightly.
Although this mechanism is considered to do more harm than good, it is considered to be a mixed bag, and even more so to disrupt market flow, but under the urgency of the situation, it is a good way to prevent a catastrophe in the market, at least to reassure the panicked public, and play a role in reassuring people, of course, it will also destroy the confidence of some people.
While the short-selling ban has increased the transaction costs of the market, it has undoubtedly been an extremely heavy blow to the forces and predators on Wall Street who are gearing up to make a big deal and shorting the market to make up for the losses of the subprime mortgage crisis.
Lehman's bankruptcy kicked off the Wall Street financial tsunami!
The Dow Jones plunged at the open, falling nearly 5%, and S&P Financial had its worst day on record. The commercial paper market and the interbank overnight market were then paralyzed.
However, the bad news did not stop there, as the British authorities froze the accounts of some Lehman clients, and foreign hedge funds withdrew funds from Goldman Sachs and MG Stanley.
At this time, Paulson, who already sensed that the White House was dissatisfied with him, had to fly to Washington with Bernanke on a special plane to personally attend the meeting of the President's Financial Markets Working Group and explain the Lehman bankruptcy.
The sleepy-eyed Andy removed the claw of Lushan that was deep in the gentle countryside, reached out to the wound cabinet behind him with his backhand, and took the constantly buzzing mobile phone and picked it up directly.
"Sayβ"
Andy closed his eyes and said in a somewhat dry voice, he was so happy last night, and when he was too excited, he played a little too high, not only tossing the battle-fighting Ivana and begging for mercy, but also feeling tired.
"Okay, I know, leave some time for Lehman's people to move, now that our people are all in place, then let a few companies and all departments work as usual, and I'll send an internal email in a while to stabilize people's hearts, well, that's it, you keep an eye on it, as for the circuit breaker mechanism, hehe, aren't we already prepared? β
Hanging up the phone, Andy threw the phone away, yawned, and was a little tired and wanted to sleep back, he was interrupted by the ringing mobile phone again, helplessly lifted the silk carpet, grabbed the mobile phone and walked to the bathroom, not wanting to wake up Ivana, who was almost broken by himself.