"Of course, the essence of the existence of capital is profit-seeking, otherwise what are we fighting for like this?" Jamie Dimon spread his hands very bluntly, without any psychological pressure. Pen % fun % Pavilion www.biquge.info

Richard Fored has now figured out that the consortium has regarded Lehman Brothers as the best scapegoat behind the scenes, and when the assets are transferred, they will push Lehman Brothers into the abyss and sit back and watch the latter go bankrupt.

He was a little unwilling and wanted to scold angrily, but finally he had the strength to say, "You have to help me, I can promise to ask for anything within my ability, as long as you can save Lehman Brothers from the crisis." ”

"Wake up. Jamie Dimon shook his head, "The only one who can save you now is yourself." If you can expose Citigroup's scheme, then Lehman Brothers will be able to breathe a sigh of relief, and I may not be able to persuade the board of directors to guarantee Lehman Brothers' capital injection at a critical moment, which is my promise!"

"Really?" Richard Forder, who seemed to have grasped a life-saving straw, didn't think about it, and said murderously, "As long as you can be on our side at the critical moment, then Citigroup's plan will definitely not work, to hell with them." ”

In the final analysis, capitalists are selfish, not to mention how powerful the Rockefeller behind Citigroup is! Even if the other party can pinch himself to death with one hand, Richard Fored will not sit still, because Lehman Brothers is his!

What's more, he is not without the ability to fight back, as long as he now divest the business of the ion company and let the latter's behavior be completely exposed to the eyes of investors, then Citi is bound to lose a way to pass on the loss, and even to a certain extent, it can arouse the anger of the entire United States, which is extremely irresponsible to investors.

If the investment banks led by JPMorgan Chase are willing to lend a helping hand, then the Federal Reserve and the Federal Treasury will also take some more or less active and effective actions to ease the pressure of Lehman Brothers' bankruptcy.

Jamie Damon said to himself, hell, the ghost will help you at a critical moment, but for the sake of the current plan, he had to go against his will, "Of course! Our goal is to weaken Citigroup, you know this." So don't doubt our sincerity, you are left with this option now. ”

Richard Fored really had no choice, Citigroup's current behavior was to kill him, and JPMorgan Chase was equally ill-intentioned, but basically just did what they had to do, and did not mean to kill Lehman Brothers.

So without much consideration, he nodded directly and said, "I know what to do, please don't forget the promise at this time, if Lehman Brothers can get through this difficulty, he will repay it tenfold in the future." ”

After reaching a private agreement, Richard Fored walked away with a sense of gain and loss.

Looking at his back, Jamie Dimon smiled happily, because the most critical piece in the overall plan had already entered the urn.

Now everything is ready, all we have to do is wait for Citigroup's third-quarter report to be released, and we can tighten the rope that is ready to strangle Citigroup. The most pleasant thing is that this rope was stretched by Citigroup itself, and it didn't even need Morgan to exert too much effort, just a little force, and he could knock this competitor who had been pressing on his head for a long time to the ground.

"There's nothing wrong with the money anymore, now we just have to wait. ”

In the American branch of Orange Technology, Li Mubai was holding a phone and talking to Gong Ziqian on the other side of the Pacific Ocean.

Gong Ziqian on the phone was obviously in a happy and relaxed mood, and the recent series of actions made him see his ability above, and also allowed him to get further results.

Under his auspices, China successfully made up for its key shortcomings in the energy field, with a copper mine in Peru with an annual output of tens of millions of tons and an iron mine in Western Australia with an annual output of tens of millions of tons.

If you increase investment, the production capacity of copper and iron ore can be increased a lot, which is enough to meet the demand of large and medium-sized iron and steel enterprises and non-ferrous metals, so that the biggest advantage is that when foreign business negotiations, the country can easily maneuver around the major raw material production groups, obtain the most preferential prices, and spend the least money to do the most things.

Moreover, once there is any contradiction, other countries will not be able to use this trick against China, unless they start a war to cut off all foreign transportation routes.

"I didn't call to ask about this, but I attended the celebration ceremony of your first production line in Pengcheng last week. Gong Ziqian's voice had a hearty smile, which seemed to be reproachful, but in fact he was very loving.

Li Mubai laughed a few times, and said indifferently, "I can't leave, the plan is at a critical time, Citigroup will publish its third quarter annual report next week at the latest, because we have a shot from it, their loss may be much higher than expected." When the time comes, I'm afraid that they won't be able to get off the stage, so I'm not worried that something will go wrong, so it's better to keep an eye on it myself. ”

"Then you don't have to squat every day, you busy man, I'm still waiting for you to return to China to thank you. Gong Ziqian was not joking, but he really planned to thank him seriously.

If you don't rush these two key raw material origins, you will rush the tens of billions of dollars of overdue income on the books, and he has to praise Li Mubai, which is not in China, and the requirements of relevant departments for Orange Technology are all the way to the green light, and any preferential policies are given in one go, and other jealous peers are eager to replace them. Anyway, there are a lot of scolding mothers, and there are even more opponents, but look at the things people do, hehe, don't bother to pay attention to these voices.

Li Mubai was about to speak, when he suddenly saw the office door being pushed open, and before the secretary could report, a person squeezed in behind her, it was Grubb, the chairman of Yuntong Company.

After the latter greeted him, he turned on the TV on the wall of his office, and the scene of Citigroup's press conference suddenly appeared in it.

"Director Gong, I won't tell you yet, Citigroup is developing a conference, and I'm going to keep an eye on it. Hurriedly hung up the phone, Li Mubai looked at the TV screen.

On the TV, the spokesperson of Citigroup was talking about it, and after saying some nonsense that was not nutritious, he took out a document and read it out as if he had to read it from the script, "...... Due to the impact of the Wall Street financial turmoil and the subprime mortgage crisis, the Group's revenue figures for the third quarter of 2007 are as follows...... The total loss was $14.6 billion, down ...... percent over the same period"

"They're finished!"

The first time he heard this number, Grubb shouted excitedly.

Li Mubai smiled and didn't answer, but walked forward and closed the door of the office, and turned around, "Why do you have time to come to me." ”

Before Grubb's excitement faded, he exaggeratedly said, "Our good opportunity has come, Citigroup's estimated loss is even larger than we expected, and they are almost unable to support it." ”

"So, are you going to reveal those insider stories now?" Li Mubai shrugged, "I don't think this is the best opportunity, because I have another document here." You can take a look at it later. ”

"What?" Grubb took the new document in confusion, "Is there anything more exciting than their data fraud to deceive investors...... Oh my God, are they crazy?"

Before he could finish speaking, Grubb changed his tune halfway, which showed that what was revealed in this document made him feel crazy.

Crazy! These are the only two words that describe what Citi is doing so far.

By the time the subprime mortgage crisis swept through all the banks in the United States, Citi was actually at the end of its game, as they had more than $100 billion in junk bonds and non-performing loans in their hands.

Now the bankruptcy frenzy in the United States has begun to appear, from the beginning of small and medium-sized investment banks and investment management funds to the collapse of large investment banks and small and medium-sized banks.

By now, it has affected the real industry, and a number of industrial groups that have business dealings and financial ties with Citigroup have begun to have operational difficulties, not only cannot afford to repay the previous loans, but also need Citigroup to provide more loans to maintain their operations, otherwise they will have the risk of immediate bankruptcy.

The total amount of non-performing loan junk bonds is close to $160 billion, equivalent to one-seventh of Citigroup's total assets and one-fifth of its net assets.

In other words, in just six months, the 13th largest megabank in the United States has evaporated, which is an unlucky number, but Citigroup's shareholders have no choice.

Because they have to come up with a response in the short term, or what awaits them will be a nightmare of savers frantically pouring into Citi and emptying their deposits.

According to the Grubb filing, Citigroup's total deposits fell by $17.5 billion between March and the end of July 2007. And in just two months, from August to early October, that figure suddenly increased to $42 billion.

In other words, Citi loses more than $20 billion in deposits every month, which is a terrifying figure for a bank.

Even the Citigroup First Group behind him has only about $5 trillion in total assets in its hands, of which less than $150 billion is the most important liquidity today, and most of the rest are marketable bonds, high-quality loans and industrial investments, virtual value of stocks, and so on.

If this trend is allowed to spread, then in half a year, the entire Citigroup will fall into a situation where there is no money to mention.

At that time, unless the Federal Reserve and the U.S. Treasury immediately come to the rescue, Citi will also follow the same path as Bear Stearns, bankruptcy and liquidation!

Investors are blind, and they may sometimes be gullible about a company's creditworthiness and return on investment simply because of the company's past history and current market capitalization. This argument may not be wrong when the economic climate is good, but on the eve of a crisis when the overall economic environment is slow or, as it is now, can become the fatal weakness of the big groups.

Because once they lose the favor and trust of investors, then no matter how powerful they are, they will collapse in an instant. Because the foundation of large groups, especially the giants of the banking and financial industry, their foundation is the most ordinary, thousands of individual investors, it is precisely because of their pursuit that these large groups can have superhuman status and countless funds to develop and grow.

Now, Citi is on the opposite path, their continued losses and the continuous loss of deposits are motivating every shareholder, they invest in Citi in pursuit of profits, not to make money, and if Citi cannot take effective action to prove that they have the ability to turn things around, then Citi's shareholders will first have to withdraw their capital.

Once things get to this point, then Citi will never be able to rise again, because a company that has gone into bankruptcy and liquidated and lost all trust is destined to have no future.

Therefore, after full communication with the upper echelons of the consortium, the management decisively chose to falsify, because this is the most effective means to quickly reverse the unfavorable situation in the market, and other means such as transferring losses are not as effective as fictitious profits.

After all, the quarterly dividend is nothing more than a billion dollars, but once the group goes bankrupt, the loss is not as simple as tens of billions of dollars.

"Now, do you still think that the previous data is more lethal?" Li Mubai laughed, this is Citigroup's self-defeating way, no wonder he.

Grubb nodded, "I believe that as long as the content of this document is exposed, then Citigroup will immediately face a run on the frenzy, and they have no future." ”

"Yes, but I'm waiting, waiting for a nirvana. Li Mubai looked out the window and said with some incomprehension, "Lehman Brothers can't sit still, they can't accept the ending of being put together by Citigroup, so they have to die to the death, even if the two companies die together." ”

"So we're going to wait to drop this bomb with Lehman Brothers?" said Grubb, smiling, a little eager to see Citigroup collapse.

Because that means huge profits in the tens of billions of dollars, it means the best chance for Amex to seize the market, it means their future and all.

Li Mubai stretched out his hand and knocked on the window, looked at the ant-sized vehicles and pedestrians downstairs, and suddenly said, "I just don't know if their glass is thick, I quite say that there are a lot of people who have jumped out of their offices recently, and maybe there will be a large number of them in a few days." ”

"May the Lord bless these poor people. After all, the winner needs the loser to set off the great. As a winner, Grubb was smiling happily.