Chapter 70: The net is ready
The daily trading volume of the New York stock market is more than tens of billions of dollars, and the hundreds of millions of dollars in short buy orders led by Orange Technology against Citigroup are not very conspicuous in the entire stock market trading volume, but they have also attracted the attention of people with intentions. Pen × fun × Pavilion www. biquge。 info
Cousins, chairman of the Securities and Exchange Commission, is one of them.
He took the top 10 companies in the stock market in terms of trading volume and the accounts invested in the stock market, and after looking at them again and again, he said to a director of the exchange next to him, "All issues involving the abnormal trading of Citigroup's shares are not allowed to be disclosed to the outside world without authorization. ”
As the main person in charge of the Dow Jones index and the standard index in New York, Alan Statham is very aware of the inside story involved, he does not want to, and does not dare to make his own decisions, but Citigroup is a global super financial group after all, and it is difficult for him to make a reasonable explanation once something goes wrong afterwards.
Wanting to clear his pressure, he said with a sad face, "Mr. Cousins, what if Citigroup asks us for the details of the stock transactions during this period?" ”
Every large company will have someone on the exchange who is responsible for counting the company's buy and sell orders, but during this time, due to hidden problems within Citigroup, Sandywell neglected to monitor the stock market for a long time, after all, Citigroup's stock price fell from the end of September to $30, and then slowly rose to the current peak of $36.
Affected by the favorable impact of the agreement with Orange Technology, Citigroup has temporarily escaped the first wave of the financial turmoil, and many executives within the company are relieved, believing that as long as there is Orange Technology, the future growth point, Citigroup's stock price will not suffer from the collective bearishness of investors, which can leave them enough time to adjust the group's strategy.
But what people never expected was that the main force of shorting Citigroup in the stock market was Orange Technology, which they had just reached a cooperation, and the Morgan consortium, a temporary ally in the Lehman Brothers debt problem, which had injected a huge amount of about $5 billion into the stock market in batches in accordance with the agreement reached with Li Mubai, and began to sweep the stock market with large sell orders.
Affected by this, Citigroup's stock price began to fluctuate significantly last week, but because the expected earnings and third-quarter statements have not yet been released, most investors are still waiting, and there are many speculators who want to take advantage of the opportunity to fish in troubled waters, and for a while, the bulls and bears are fighting back and forth in the range of $33-35.
The long side basically affirmed the future development prospects of Citigroup, and because Citigroup issued a communiqué last week, mentioning that the junk bonds worth $6.2 billion in the hands of the group have found a suitable buyer, and it is expected that the transaction can be completed within the month.
At the moment when the financial crisis is intensifying, any high-quality investment project is very rare, so more people choose to be optimistic about the future of Citigroup.
With no obvious signs of declining stock prices, Citigroup has not focused too much on monitoring the stock market's abnormal volatility, but has instead focused most of its energy on dealing with the staggering amount of non-performing loans and other marketable bonds that it has in its hands that are about to become junk bonds.
Hearing Alan Statham ask like this, Cousins hesitated for a moment, but thinking of the solemn request of Mr. John Jr. in the phone call he just received, he quickly made a decision, "Then tell them that due to the impact of the financial turmoil, there are too many companies that have gone bankrupt in the stock market these days, we don't have enough manpower, and the machines are also in an overloaded state, and it will take a certain amount of time to sort out the data." ”
"Will this work?" Alan Statham was a little worried, after all, such a perfunctory attitude, once Citigroup noticed it, let alone him, even the entire exchange, would cause big trouble.
Cousins waved his hand, "Don't worry, someone will help us with everything." ”
"You mean, somebody's playing Citi?" Alan Statham was shocked in his heart, and thought to himself that if this was the case, then could he also make a profit from it?
As if reading through his thoughts, Cousins relented, "Do what you want, but remember, if someone gets caught, I don't know anything." ”
On the surface, he was upright, but in fact, as early as today, he invested all his savings of about 10 million US dollars in the name of an overseas investment company to short Citigroup.
Anyway, with the Morgan consortium joining forces with the Eastern countries, he doesn't worry about any recurrence of Citigroup, and he just waits to collect the money when the time comes.
"That's great." Alan Statham is interested, if it is for other consortiums to deal with Citi, then he may have to hesitate for a long time, after all, offending Citigroup and the Rockefeller consortium behind him is not a joke, and if he is not good, he may not be able to eat and walk around.
But if it's for their own interests, then there's nothing to say, in the face of money, the consortium is just a paper tiger, don't you see that even the stock exchange boss Cousins almost told himself explicitly.
"It's best to clean it from beginning to end, so be it, if Citigroup asks, you must be careful to deal with it, if you have any problems, call me." Cousins took care of the exchange, looked at his watch, and it was just time for lunch, and he made an appointment.
Alan Statham nodded and said, "Then I'll go first, goodbye." ”
"Good luck." Looking at Allen's distant figure, Cousins smiled very happily, this stupid hat, do you think you are giving him money to spend?
He bets that Allen knows the news on the front foot, and he will go out on the back foot to raise funds to invest in the stock market, and when the time comes, don't care how much he earns, but there will always be a handle in his own hands, once things are wrong, he can completely throw this scapegoat out and let Citigroup vent, as for himself, he can continue to be chic with tens of millions of dollars in profits, such a perfect substitute for the dead, where to find it.
At a nondescript fast-food restaurant near Manhattan, New York, a white man dressed in casual clothes and wearing a peaked cap on his head hurried in, seemingly concerned about being seen by others.
After entering the restaurant, he looked around for a moment and walked straight to the remote corner of the restaurant.
Here, an elderly man in the same dress raised his head and greeted him with a smile, "Mike, are you okay?" ”
The old man was Cousins, who was still talking to his subordinates about the stock market anomaly in the office just now, and the one opposite was John Mack, chairman of the famous investment company Morgan Stanley.
A person in charge of the stock market and a capitalist who invests in the stock market, if the two meet in private, if it spreads, it will inevitably cause an uproar in public opinion, but on the eve of the financial turmoil on Wall Street, no one will notice this remote corner, let alone think that two tycoons with a decisive position in the United States will meet in such a fast food restaurant.
John Mack has been the chairman of Morgan Stanley Investment Company for a long time, and he is here today to talk to Cousins about JPMorgan Chase, because Jamie Dimon's identity is too conspicuous, and the recent Lehman Brothers matter has made the latter too busy to take care of such a large amount of money, so the consortium handed over the short Citi matter to John Mack.
"How? Have you all done it there? As soon as John Mack sat down, he took a burger from his plate and ate it slowly.
Cousins pushed a glass of Coke that had been prepared for him a long time ago and whispered, "Everything is going well, but I'm still a little worried, after all, several brokers and traders in Citigroup's equity investment department have been there, and I'm worried that I won't be able to hide it for long." ”
"You don't have to worry about this, we only need seven to ten days to complete the admission, and even if Citi finds out, it doesn't matter. Anyway, we have already mastered many things about them. John Mack didn't care, "I can tell you very clearly that this time it's not just against Citigroup in the financial markets, we have enough evidence that the federal government will be on our side when it matters most." ”
Of course, John Mack has the confidence to say this, because the matter of Citigroup is not only the so-called manipulation of the financial market, and the purposeful transfer of losses to investors, if this is all the same, then Morgan does not dare to start against Citigroup, because these things, almost all consortia and capitalists are doing, and the federal government will never dare to use this reason to deal with Citigroup.
What really made him confident was a complete information about Citi provided by Li Mubai, and the details disclosed in the information made the entire Morgan consortium rejoice, because there were great problems in Citigroup's internal operations, they not only suffered a huge loss of $9.8 billion in the third quarter, but also defrauded the federal government of $310 million in subsidies through a series of fraud and other means, and many institutions, including the Federal Reserve, still have illusions about Citigroup, hoping to use the latter to alleviate the spread of the financial crisis.
The Rockefeller Group's attempt to use Citigroup as a game to obtain sufficient profits from the US federal government and the Federal Reserve, and then take advantage of the spread of the financial crisis to obtain profits, is simply going against the entire US federal upper echelons, and once the Rockefeller's plan succeeds, then the US federal government and the capitalists will lose the best opportunity to rescue the market.
In other words, the federal government will never sit idly by and watch the financial crisis spread and then develop into an economic crisis that will cause the entire US economy to recession, because it is not in the interests of the capitalists, but Citigroup is ready to borrow the Fed's funds to relieve its own pressure, and then push behind the scenes, so that the entire federal economy will fall into a mess, and finally carry out bottom-buying acquisitions to complete its strategy.
In fact, Morgan also has such plans, but there are great differences within the consortium, after all, no one is omniscient, the god who controls the whole situation, and they don't know if they will open Pandora's box and cause irreparable consequences.
There is nothing wrong with this kind of plan itself, and from the position of the capitalists, it is best to wish that all competitors would go bankrupt, as long as their profits are not lost, but the bad thing is that Citigroup has not only implemented the plan, but they are still carrying it out.
The most damned thing is that their plan is known, and they have all the inside story of it, and if the Federal Reserve and the US Treasury know about it, then those bigwigs who are trying to bail out Rockefeller financially will definitely be furious and take punitive measures against the Rockefeller Group.
Cousins, as the head of the stock exchange, certainly understands the reasoning, but he is very surprised that these plans are so easily exposed.
He said suspiciously, "Is it reliable?" I can't imagine when the secrecy of the federal consortium has become so bad as if I were sitting here and knowing everything that was going on in the White House. ”
"Don't look at me, I don't know, that amazing Oriental boy handed over everything, including some information details that even we don't know, but it is undeniable that through our covert confirmation, Citigroup and the Rockefeller consortium behind it do have many plans going forward, and the ultimate goal is to weaken our Morgan's influence on the American economy. Since they can all make such an exaggerated move, why can't we short Citi in order to fulfill the bloodletting warning to Rockefeller? John Mack had every reason to be angry, because Rockefeller had violated the agreement between the consortiums, and they should not have done this sinister arrangement against other consortiums without adequate communication.
Cousins nodded, he was so completely shocked by the news that he didn't have any appetite at all, he pushed the plate in front of him a little, "If we do this, will we be retaliated against afterwards?" ”
"How is it possible, once Citigroup goes bankrupt and goes bankrupt, then Rockefeller will inevitably suffer a heavy blow, they have been influencing the federal economy through Citigroup First Group all these years, once they lose the medium of Citigroup, then it is almost impossible for them to try to return to their current position! Do you think we're afraid of toothless tigers? John Mack didn't take Rockefeller seriously at all, if he was a little afraid before.
Then after learning the details of the other party's overall action, he completely ignored the latter, because Morgan had secretly reached a common agreement with several other consortiums, and a large net of layout against the Rockefeller consortium was completely opened.