Mark had persuaded the Foundation to sell a large number of futures before Paulson announced that he would not lend to Lehman, and with Sophia's connections, she had received the news before the Fed made its decision, half a day before the official announcement.

Half a day to decide the outcome of the game.

Sophia was skeptical: "It's been almost a year since the subprime mortgage crisis, why do you think it will collapse now?"

Mark said: "We all know that the people of Wall Street are a bunch of naked swimmers, but the people don't know it! The end of Lehman Brothers will show the people their ugliest side, and it will make the little hope that people have left disappear, and it is the most terrible thing to not see hope." ”

Sophia said, "Are you so sure?"

"Of course!"

As a national treasure strategic investment expert of MM Group, Mark has very few opinions, but every point he puts forward is used as important research materials.

The Fed's think tank has also consulted Mark on the subprime mortgage crisis.

This time, Mark didn't hide it, he said it directly, and threw it all away.

He described the government's bailout as a dam that will collapse sooner or later, but if it can be blocked for a day, it is necessary to develop a response mechanism for the market collapse, and for the banking sector, there is a rescue for the other, which is conducive to building people's confidence in the market.

However, given his good relationship with the banking industry, this suggestion, which was later considered the best and most appropriate, was shelved, and some people laughed, and Mark became a lobbyist for the banking industry.

And his person who can save beauty is only Huaxia and is not favored.

However, as the chairman of the Wang Family Foundation, Sophia began to sell short futures with all her might, she is full of confidence in Mark, which stems from five years, family assets exceeded 40 billion, Mark is an excellent filmmaker, but also a "master of capital operation" and "an investor with genius strategic vision", so as the chairman and parent, Sophia still decided to listen to Mark.

The foundation is making every effort to build a position, and short selling refers to the fact that in the super casino of Wall Street, it will always be the world of people who lick blood with knives and take chestnuts from the fire.

In just a few days, the foundation's securities companies inhaled a large amount of money, built up short positions on a large scale, and shorted nearly billions of dollars in futures indexes.

Sure enough, when the finance minister announced the news, Lehman Brothers' stock price fell again and again, and finally fell into 18 layers of hell, and after no way to turn for help, he filed for bankruptcy and entered bankruptcy protection procedures.

And the outside world is just as Mark speculated, the collapse of Lehman Brothers has shown the most hypocritical and ugly side of Wall Street to the public, which is simply desperate, and with the disappointment of investors, the herd effect quickly occurs, and finally the stock market inevitably collapses.

The wealth of countless people has evaporated like water vapor, and a large amount of wealth in the society has also evaporated, this huge loss, nearly five trillion, nearly half a year's GDP, and the greed of bankers will be paid by the American society.

At 10 a.m. on September 15, Lehman Brothers, the fourth-largest investment bank in the United States with a history of 158 years, filed for bankruptcy protection.

In an instant, the news spread to all corners of the globe through television, radio and the Internet, and it is inconceivable that the German National Development Bank actually transferred 300 million euros to Lehman Brothers' soon-to-be-frozen bank account 10 minutes later, in accordance with the transaction of the foreign exchange swap agreement, through a computerized automatic payment system.

There is no doubt that the 300 million euros will be a meat bun to beat the dog and have no return, after the transfer turmoil was exposed, all walks of life in Germany were shocked, public opinion was in an uproar, and it was generally believed that this loss should not have happened, because the day before, the news about the bankruptcy of Lehman Brothers had been flying all over the sky, and the German National Development Bank should know that there was a huge risk in the transaction and take precautions in advance.

In the headline of the front-page page of 18 September, Bild, Germany's largest selling newspaper, accused the German National Development Bank of being "the stupidest bank in Germany" to date.

The incident alarmed the German Ministry of Finance, whose minister, Per Steinbrück, vowed: "We must find out what is going on and severely punish those responsible." ”

One has to wonder what happened inside the German National Development Bank in just 10 minutes that led to such a stupid low-level mistake? A law firm was commissioned by the Ministry of Finance to carry this question into the bank for a full investigation.

Investigators at the law firm questioned dozens of employees in various departments of the bank, and a few days later, they submitted an investigation report to Congress and the Treasury Department, which was not complicated and esoteric, but recorded what the questioned person was busy with during the 10 minutes. However, the answer lies in this, just look at what they're up to.

CEO Ulrich Schröder: "I know that the transfer will be made today as agreed in advance, and the board of directors should have a meeting to decide whether to reverse this huge deal. ("Should"? Why not make a phone call and care)

Chairman Paulus: "We haven't gotten the risk assessment report yet, so we can't make the right decisions in a timely manner. (Why not urgent?and order the relevant personnel to pay attention to the incident)

Secretary of the Board of Directors Shi Lifen: "I called the International Business Department to ask for a risk assessment report, but it was always busy, so I thought it would be better to call again after a while." (If you pay enough attention to this matter, why don't you take two more steps and ask in person?).

Crook, International Business Manager: "I was going to take my whole family to the concert on Friday night, and I had to call and book my tickets in advance. (Going to a concert is more important than a 300 million business?).

Imelman, Deputy Manager of International Operations: "I was too busy with other things to care about Lehman Brothers. (None of the bank's top executives have included the Lehman Brothers incident as a matter of concern? Big bull? They don't take the big five investment banks on Wall Street seriously at all.)

Hithofen, senior manager in charge of Lehman Brothers' business: "I asked the clerk to browse the news on the Internet and report to me as soon as there was news about Lehman Brothers, and I was about to go to the break room for a cup of coffee.

Clerk Struck: "10:03. I saw the news on the Internet that Lehman Brothers had filed for bankruptcy protection, and I immediately ran to Hitthofen's office, but he wasn't there, so I wrote a note and put it on my desk, and I think he'll see it when he comes back." (I think I'll see it when I get back, but if I can't see it, why don't you call or find someone if it's urgent?) ）

Settlement Manager Delbrück: "Today is the trading day stipulated in the agreement, and I have not received an order to stop trading, so let's transfer the money according to the original plan." (Why don't you call again to confirm, maybe every "part-time" person will have this subconscious, anyway, it's the company's money, not my money)

Manstein, operator of the automated payment system at the settlement department: "Delbrück asked me to carry out the transfer operation, and I did it without asking anything. ”

Credit Manager Modell: "I met Strucker in the hallway, and he told me: "There is news of the bankruptcy of Lehman Brothers, but I believe in the professionalism of Hitthofen and the other staff that they will not make low-level mistakes, so there is no need to warn them." (Why not make a phone call to care, it is not necessarily to "remind", maybe the relationship between the two department managers is not very good)

Baker, PR Manager: "The bankruptcy of Lehman Brothers is a foregone conclusion, and I want to talk to Bird Ridge Schroeder about it. But I'm going to meet with a couple of Croatian guests in the morning, and I'm going to wait until the afternoon to see him, and it's not too late for a few hours anyway." (Another high-level who didn't pay enough attention to Lehman)

Hahn, a German economic commentator, said that in this bank, no one from the chairman to the operator was stupid, and sadly, almost at the same time, everyone deserted a little, and the result was added up to create "the stupidest bank in Germany".

To perform a tragedy, just 10 minutes is enough, and these ten minutes are enough to leave an extremely humiliating mark on their careers.

For this financial tsunami, Mark did not intervene much, and there was no plan to make a big profit, but this Martin is different, he has been laying out for many years, and finally reached the place where the opponent jumps the pit, he not only wants to let his opponent be hit by the tsunami, but also by the baptism of nuclear bombs, structurally destroy the other party, everything starts from scratch, so as to become the founder of a new economic system, from the point of view of grade, Martin has begun to play the house of cards, and Mark is still playing cards.

Martin is undoubtedly a powerful character, but his opponents are also not weak, they are more powerful and cunning, they adjust and layout, heavy troops, are preparing to encircle Martin's forces and assets, who knows that the financial tsunami hit, this financial tsunami focused on the industry, and the industry of the Morgan consortium, this financial tsunami like a crash, made them chaotic, no time to take care of themselves.

At this time, Martin began to fight back, throwing out a large number of empty orders, as if he wanted to destroy the financial system that the family had painstakingly built up for decades.

Martin's attack was fierce and aggressive, and if the opponent didn't take it, it would be a complete collapse for Morgan, so they had to passively accept it.

The financial war between the two sides was unfolding around the world, and with the threat of the financial tsunami, the Davis Group's offensive was earth-shattering from the beginning, and the old system was shattered by them.

The subprime mortgage crisis that broke out in the United States last year has brought heavy blows not only to the United States but also to the global economy, and the bankruptcy of Lehman Brothers indicates that the crisis will further escalate, and more large financial institutions will fall in this crisis; the collapse of the first-line investment banks, which are the pillars of Wall Street, has announced that the core of the financial system in the United States has been shaken, and the subprime mortgage crisis has officially evolved into a global financial turmoil.