The government of the United States knows the urine of the people in the Wall Street investment bank, and the people on Wall Street are vampires, and the vampires want to call the people in the investment bank to be brothers, and all of these people are shot and shot, and few of them died in vain.

But they can't save it! They kidnapped the market, and if they didn't save it, they would die together.

The government can choose a limited amount of relief, depending on who looks good and how strong the PR is.

It has been more than a year since the subprime mortgage crisis broke out, market investors have a relatively clear understanding of the causes of the subprime mortgage crisis and possible losses, and a series of rescue measures taken by the US government have also begun to play a role.

In the face of the flood of criticism of the government's bailout, the US government also needs to clarify its position that the US government will not easily use taxpayers' money to bail out private institutions unless it triggers systemic risks. The private sector should be held accountable for its own decisions, not only by management but also by shareholders. This is also why the U.S. government said that it only protected the interests of creditors when it took over the two houses, and removed the management and seriously diluted the equity value of the shareholders of the two houses.

Responsibility for failure is one of the core tenets of the free market.

Who knows, just because he didn't save the damn Lehman Brothers family, everything he saved before was in vain, and the market plummeted in panic.

On September 12 this year, the Treasury Secretary Paulson announced that the Federal Reserve would not bail out Lehman Brothers, and Lehman Brothers' stock price fell 13.5% to close at $3.65, falling to a 14-year low.

In fact, we really can't blame the government for not saving Lehman Brothers, since the subprime mortgage crisis, the government has done a lot of actions to save the market, and has also achieved certain results, and the investment banks realized that death was near, and they also struggled to save themselves.

Only Lehman, when the four major investment banks were sparing no effort to get rid of the subprime mortgage business, they also increased their positions, in order to fish in troubled waters, anyway, in the end, the government paid the bill, how dare the government risk moral hazard to save such people?

They are desperate to believe that this loan business is profitable, maybe after the government bails out the market, come back to life, when they find that all this is really irreparable, and then desperately call for help, the heart of saving people is also hurt, and there is no interest in saving people.

Perhaps they also understand that they are trying their best to block the embankment that will burst sooner or later, and death is irresistible or avoided in fate, and sooner or later it will come.

September 15 is a historic day for the famous Wall Street.

Early in the morning, before the start of work, people rushed into the building, some of them were as straight as ever, and some of them came to the office in casual clothes.

However, one thing is the same, they both have two more things in their hands, empty backpacks and suitcases, and people have solemn and cold faces, without much speech, and have entered their respective offices to organize and pack their personal belongings, and it looks like they are moving en masse.

When people walk out of the company door with their boxes, the metal signs nailed to the black walls still gleam.

At the entrance of the company, there are staff members with work signs who warn everyone who leaves: "Don't say anything to reporters!"

Some people signed the portrait of Lehman Chairman Dick Fored before leaving, and the sidewalks outside the company were already crowded with reporters, who flocked to Lehman as soon as they saw the people packing from Lehman.

Some employees could no longer contain their frustration and anger and began to lash out at reporters. It is true that it is difficult for everyone to accept reality. One employee said, "It's the saddest thing I've ever had in my life. ”

Yet, faced with $613 billion in debt and a company that collapsed overnight, more than 20,000 employees had no choice but to leave.

In the face of a severe subprime mortgage crisis, the company's board of directors had to make the decision to file for bankruptcy protection after struggling to find a buyer without any results. Lehman Brothers, the fourth-largest investment bank with a 158-year history and the 40-year leader in the U.S. mortgage bond industry, has officially filed for bankruptcy protection.

Immediately, more than 20,000 employees began to retreat. Many people face unemployment and re-employment.

The collapse of Lehman Brothers, the financial giant of the United States, quickly triggered violent turmoil in the global financial market.

On September 15, Wall Street ushered in a veritable "Black Monday", rice stocks plummeted, and the Dow Jones index hit 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, including Japan, Hong Kong, Taiwan, and South Korea all fell by more than 5%, and 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%, however, in the long run, the biggest impact of Lehman Brothers' bankruptcy on the world is that it further dampened people's confidence in the market and the future.

The subprime mortgage crisis that broke out in 2007 in the United States not only dealt a heavy blow to the United States but also to the global economy, and the bankruptcy of Lehman Brothers indicated that the crisis would further escalate, and more large financial institutions would collapse in this crisis; the collapse of the first-line investment banks, which were the pillars of Wall Street, announced that the core of the financial system in the United States had been shaken, and the subprime mortgage crisis had officially evolved into a global financial turmoil.

Countless financial institutions will fall like dominoes, and all that needs to be focused on is who will come next, and as one Wall Street veteran put it, we have to pay the price together if we create a crisis together.

Warren Buffett once said: "Those who mix Wall Street are naked swimmers!"

There is also an industry scholar who said: "Everyone on Wall Street is well-dressed and angry, and as soon as the sea water recedes, you will know who is swimming naked!"

Now Wall Street is devastated and full of naked swimmers.

The police immediately dispatched officers to block the road leading to the rooftop of the building, so that those walking corpses who had lost their souls would walk to the roof of the building and jump down, but they were annoyed.

In times of economic crisis, the top of this high-rise building is a holy place for suicide.

And the plague-like panic that struck on Wall Street quickly spread to the whole meter and the world.

Although Lehman Brothers is a small proportion, it became a straw that broke down the camel's back, and the subprime mortgage crisis that broke out last year finally became uncontrollable, and the crisis caused by panic hit the entire financial industry like a tsunami.

On September 15, the Bank of the United States issued a statement announcing the acquisition of Merrill Lynch, the third largest investment bank in the United States, for a total price of nearly $50 billion.

Merrill Lynch, "the third largest investment bank in the United States" and "the world's largest securities broker", has now become another victim of the global credit crisis. Among the "Wall Street giants" that fell one after another, Merrill Lynch's experience was "different": it was the first to come in terms of crisis, and Merrill Lynch bought precious time to clear its debt burden.

After the outbreak of the financial crisis, Merrill Lynch actively took various measures to protect itself, including raising huge amounts of capital, eliminating troubled assets, and selling large equity assets. In this case, Merrill Lynch and BofA suddenly reached a takeover agreement. In a lightning merger, Merrill Lynch and Bank of America agreed on a purchase price of $29 per share, and Merrill Lynch sold the company to Bank of America for $50 billion in a share exchange, and Merrill Lynch's stock price plummeted 21.3% immediately after the merger was completed.

When the real financial storm hit, not optimistic about Merrill Lynch instead staggered ashore, 52-year-old John Sain, known as the "Wall Street fire captain" known as him, but the mood is not easy, after the former CEO of Merrill Lynch Stanley O'Neal resigned, he succeeded only ten months, during this time, his hair was gray, but he led Merrill Lynch to climb ashore, did not drown in the water.

It's a deal that smells of "drama". Originally, people were closely watching the troubled Lehman Brothers, and few people expected Merrill Lynch to take such a quick and sudden action, which fully demonstrated Merrill Lynch's panic about the financial turmoil, and in the face of Lehman Brothers' despair, Merrill Lynch clearly feared that he would be the victim of the next subprime mortgage crisis. Rather than sit and wait, it is better to take the initiative and fight for a better purchase price, which is always better than bankruptcy liquidation.

However, this idea can only be regarded as a kind of self-consolation at best, with a 94-year history, an army of 16,000 financial brokers, and a reputation as the "Thunderbolt Tribe...... None of this escaped the credit storm.

With the deepening of the financial crisis, time is of the essence in the face of the crisis, and the last two remaining banks of the five major investment banks, Goldman Sachs and Morgan Stanley, submitted a request to the Federal Reserve Board of the United States to become bank holding companies, and the latter soon announced the approval of the two investment banks on the evening of September 21. This is a quick forced "transformation".

Goldman Sachs and Morgan Stanley could either set up commercial bank branches to absorb deposits or join other commercial banks in permanently enjoying the right to receive emergency loans from the Federal Reserve.

So far, in less than a year, Lehman Brothers went bankrupt, Merrill Lynch and Bear Stearns were acquired (Bear Stearns was acquired by **** in May this year), transformation, and the pattern of the five major investment banks on Wall Street was turned upside down.

Wall Street, which has long been at the core of world finance, is facing an unprecedented severe test. Former Federal Reserve Chairman Alan Greenspan declared bitterly that this round of financial crisis on Wall Street is rare in a century, which means that the rice-style financial dream formed after World War II and marked by Wall Street is shattered.