Chapter 1683: The Big Short

Liu Meijia is still more than five months away from her due date, but instead of being the kind of woman who is 'locked in the depths of the boudoir', she has once again made a name for herself in the financial circle and shocked the entire Wall Street because of a deepthroat report that named her "the wisest banker".

Such a situation is actually contrary to her own wishes, just because the time is just a coincidence.

In March, Ne Century Financial, the second-largest subprime mortgage lender in the United States, filed for bankruptcy protection.

In April, existing home sales across the U.S. plummeted by 10 percent.

Earlier this month, Standard & Poor's downgraded subprime mortgage bonds, causing a storm in the global bond market, and then Bear Stearns' hedge fund is said to be on the verge of collapse.

At a critical time when bankers in the United States are worried about whether subprime mortgage bonds will trigger a global financial crisis, it is surprising and needs to be studied whether a bank like Jiamei Bank, which was founded less than a decade ago but has a mysterious background, has skyrocketed profits.

What's more, the media that carried out the deepthroat report was followed by another cleverly worded report, which revealed that the New York Fund Company managed by the old Tony, through the analysis of the net value increase rate and time of as many as 100 funds under the New York Fund Company, vaguely said that the New York Fund Company was the culprit that caused the sharp decline in U.S. stocks in the past few months, and speculated that the New York Fund Company may have been fully shorted since last year, and the sharp fall in foreign exchange, gold, and non-ferrous metals. It has an indispensable relationship with this fund company, and the New York fund company is still behind the rapid rise of international crude oil!

Mishasha's full scholarship is a trivial matter, how to use the donated $10 million to enhance the competitiveness of Jiamei Bank is a big deal, Liu Meijia sent someone to talk to New York University about training, and the communication with New York University only began to learn that some media have made vicious accusations against Jiamei Bank and New York Fund Company, but it is only the accusation of the culprit of 'malicious shorting of the United States' in the report. At first, she just laughed it off, told the propaganda department to monitor public opinion, and asked the legal department to prepare for a lawsuit, so she no longer cared about this situation.

Well, in the United States, there are too many wars of words, and if you are shocked at the slightest disturbance, then the banking business will be done, and you will be busy fighting lawsuits every day.

What's more, anyone in the United States can scold the president and the governor, but only ordinary people cannot be scolded, and non-official institutions and enterprises cannot be slandered.

Liu Meijia didn't care about this, but the old Tony of the New York fund company mentioned it by the way when he reported to Fu Zhengyi, and regarded it as a joke.

Indeed, despite the weakness in the housing market and the collapse of subprime mortgage companies, no one at this time thought that this would be a global financial crisis, but only that the global market boom might slow down as a result, so the Deep Throat report did not make any particularly big waves in the upper class of the United States, let alone ordinary people who did not care much about the financial markets.

However, when the time entered August, with the sudden announcement of the involvement of BNP Paribas, the largest bank in France, in the US subordinated bonds, the stock markets of most countries in the world fell sharply, and the prices of crude metal futures and spot gold plunged sharply, and the US subordinated bond crisis officially spread to the world!

No one could have imagined that the crisis would show its power in such a fierce way, the European Central Bank had to intervene, central banks around the world injected more than $320 billion in 48 hours to save the market, and the Federal Reserve injected nearly $40 billion into banks three times in one day to stabilize the U.S. financial market. The three major central banks of Europe and Japan had to inject more than $70 billion into the financial market again after emergency consultations to bail out the market!

At this time, no one doubts that the crisis caused by subprime mortgages will not evolve into a financial storm that sweeps the world, so some people have found that the net value of the fund purchased by the high-net-worth customers of Jiamei Bank is soaring every day, and the net value of the fund under the New York Fund Company is also the more the market falls, the faster the net value grows. At this time, I also recognized the public opinion propaganda deliberately guided by the media, believing that there was a mastermind behind the scenes who was maliciously shorting the United States and the world, and it was the international big shorts led by the New York Fund Company, Camry Bank, and Soros!

Soros, who was once famous for shorting all over the world, couldn't sit still, and issued a carefully worded public statement overnight, saying that although the fund company he managed was not overly affected by subprime mortgage bonds, it also did not short related financial products, and the subtext is that the subprime mortgage crisis that is currently breaking out around the world has nothing to do with him and the hedge funds he manages!

The famous big bears failed to seize this opportunity to go short this time?

Wall Street, which is familiar with Soros's operating style, is in an uproar, and ordinary people naturally turn their attention to New York Fund Company and Camry Bank!

Unlike in China, the plunge in U.S. stocks for ordinary Americans, means a reduction in the net value of pension accounts, a substantial reduction in pensions, a pension will be lower than expected, and it also means that it will affect the standard of living after retirement. was accused and became the object of venting the emotions of the people!

A storm, so it was placed in front of Liu Meijia in an unprecedented situation......