Just when Kiyomasa Sakamoto was immersed in filming, a very important part of his "Sony" plan was gradually becoming clearer.

The tremendous power of the financial crisis is gradually being revealed...

United States.

After entering September, the continuous decline of the U.S. stock market is still refreshing people's cognition.

Among them, Lehman Brothers, which has been declining ever more, as Yuichi Kagawa said, is about to face a huge crisis in less than a month!

On September 10, according to the published financial reports, Lehman Brothers lost more than $3.9 billion in the second quarter of that year, which was the heaviest loss in a single quarter since its establishment 158 years ago!

This has made the public's distrust of Lehman Brothers more and more intense.

This was not what made Lehman Brothers despair and let them fall into the abyss completely, but it was a bombshell news two days later.

On September 12, U.S. Treasury Secretary Paulson announced that the Federal Reserve would not bail out Lehman Brothers!

This simple sentence directly caused Lehman Brothers to fall 13.5% to close at $3.65, a 14-year low.

Lehman Brothers is finished.

This is a fact that all Wall Street financiers understand.

And why did the Federal Reserve give up on bailing out the fourth-largest investment bank in the United States?

This is to start with the crisis encountered by the major banks in the United States under the subprime mortgage crisis.

As early as February 2007, the subprime mortgage problem became apparent, and by March 2008, the Federal Reserve prompted the acquisition of **** Bank, the fifth largest investment bank, Bear Stearns Bank.

As the leader of the entire financial system, the Fed must have done a lot of policy reserves and risk estimation during this time.

That's why the Federal Reserve bailed out the National Financial Services Corporation and Bear Stearns Bank in January 2008 and April 2008.

Because, in the view of the Federal Reserve, under the subprime mortgage crisis, letting a bank fail will inevitably have far-reaching social repercussions, unless it is absolutely necessary, it will not easily approve such a thing to happen.

The reason is to avoid bank failures and cause panic in society.

Moreover, the Fed believed that the situation was not too bad at that time, so the Fed intervened.

However, all this, after entering September, the situation suddenly deteriorated!

On the one hand, super-large enterprises such as Fannie Mae and Freddie Mac, AIG (American International Group), and aMu have problems one after another, and the Fed's assistance responsibilities have increased several times in an instant, but in fact, the Fed has not been able to take care of it at all.

On the other hand, the Fed's implicit bailout of financial institutions inspires moral hazard.

In particular, Lehman Brothers, in this harsh context, dares to continue to increase its long CDO position, which is full of confidence that the Federal Reserve will definitely help.

However, Lehman Brothers was wrong...

In order to completely cut off the source of risk, the Fed, after some careful consideration, decided to choose a reckless institution with enough influence to deter the market, and voluntarily abandoned all potential commitments to it and let it collapse completely, so as to warn all market participants not to have illusions anymore.

Unfortunately, Lehman Brothers was chosen.

Lehman was chosen first because it was large and shocking, but not as large as a two-bedroom or AIG, and the Fed judged at the time that even if Lehman fails, it will not cause a collapse of the financial system.

What's more, among the institutions that have been hit hard, Lehman Brothers has the highest proportion of investments in risky assets, and it is also the one that has suffered the most losses.

Who told you Lehman Brothers to be like a clown jumping off the beam, jumping up and down, very conspicuous, who to choose if you don't choose you?!

Obviously, Lehman Brothers was treated by the Federal Reserve as the chicken that killed the chickens and set an example!

IT'S NOT ANYONE'S FAULT.,NO ZUO NO DIE.。。。

In the end, Lehman Brothers, who played with fire and set themselves on fire, this big ship like the Titanic on Wall Street, slowly came to the brink of sinking...

On September 13, Lehman's last straw was lost.

Bank of America, which represents the will of the Federal Reserve, rejected Lehman's merger intention!

On September 14, the International Swaps and Derivatives Association announced that investors would be allowed to write off credit derivatives linked to Lehman in order to avoid being involved in the huge maelstrom caused by Lehman's bankruptcy.

In other words, Lehman Brothers is bankrupt, and it is a foregone conclusion!

More than 20,000 employees sit in trepidation at the headquarters of Lehman Brothers at 745 Seventh Avenue in New York City, waiting for the judgment of fate.

September 15, 2008, is a day worth remembering.

At 1 a.m., Lehman Brothers, which could not find its next home, finally announced that it had filed for Bankruptcy Protection Act 11.

That is, the fourth largest investment bank in the United States, declared bankruptcy!

The bankruptcy of Lehman surpassed the bankruptcy scale of Dechong Securities in 1990 and became the largest investment bank bankruptcy in the history of the United States!

What makes people feel ridiculous and bleak is that not long ago, Lehman still swore that the Fed would not give up on them and would definitely bail them out...

However, the ending, everyone is clear.

This is not the end of the event, but the beginning!

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

On this day, Wall Street ushered in a veritable "Black Monday", US stocks plummeted, the Dow Jones index hit the largest single-day drop since the "9/11" incident, and the global stock market also plummeted.

Kiyoshi Sakamoto learned the news from his own investment president within half an hour after Lehman Brothers declared bankruptcy.

At that time, it was already 3:30 p.m. on the 15th in Osaka...

"I see. ”

After saying such a sentence to Yuichi Kagawa, who was far away on the other side of the ocean, Kiyoshi Sakamoto immediately hung up the phone.

Looking at the wild "Lily of the Valley High School" in front of him, Kiyoshi Sakamoto, who was wearing a black school uniform and wearing a moxican's big back, his eyes were suddenly as sharp as an eagle falcon, and the corners of his mouth rose slightly, "It's about to start... ”

In the tone, there was a joy that could not be concealed.

On September 16, the day after Lehman Brothers declared bankruptcy, Asia-Pacific stock markets began to suffer.

The stock market fell sharply, 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%.

The bankruptcy of Lehman Brothers heralded a further escalation of the financial crisis, in which more large financial institutions will fall.

The collapse of the first-tier investment banks, the pillars of Wall Street, announced that the core of the U.S. financial system had been shaken, and the subprime mortgage crisis had officially turned into a global financial crisis.

Later, people called this, the fuse event when the financial crisis began to spread around the world, ...

Lehman Incident!