Chapter 82 Bankruptcy of the Consortium

"We're done, almost all the world's newspapers, the media are reporting on the Citigroup scandal, and Sandywell has been taken away by the Federal Inland Revenue Service, along with 1,200 confidential documents related to finances and transaction insiders stored at Citigroup's headquarters. Pen & Fun & Pavilion www.biquge.info" Paul George's voice was a little shaky when he called Walker.

He was extremely panicked in his heart, because Citigroup First Group was simply the lifeblood of the economy for Rockefeller, and no matter how many companies Rockefeller controlled in his hands, the center of it was operated through Citi.

In the 90s of the last century, Citigroup First was still a large company owned by Morgan, and it was Rockefeller who united with other consortia to force Morgan to relinquish its controlling stake, and then merged with Travelers Group and Citigroup, diluting Morgan's last shares. Subsequently, through a series of equity exchanges, Citigroup First Group was firmly controlled in its own hands.

In this way, Morgan owns JPMorgan Chase and Morgan Stanley, Rockefeller owns Citigroup First Group, California owns Bank of America, and several other consortiums own First National Bank, Bank of New York and many other super financial institutions, which ensures the dominance of their consortium at the federal economic level. After all, in the 21st century, finance has become an indispensable industry for human economy and society, and whoever can control the financial industry can enjoy decision-making power at the economic level, whether it is to earn high profits or suppress competitors, it is very convenient.

That's why Paul George is so flustered, he can't imagine that once in his own hands, the Rockefeller consortium loses control of Citi, so afterwards, what will happen to him.

Walker was also almost silent under the successive blows, and he said bitterly, "Is there no room for recovery?"

"There won't be any more, and if things don't come to light, we still have room to maneuver, but now, even the members of Congress who used to take our shares don't answer our calls anymore. Paul George wanted to reach for the pistol in his desk drawer, because a gentle shot of himself would get out of the predicament.

But he didn't dare, didn't want to, and didn't want to end his life so easily. As the spokesman for the interests of the Rockefeller consortium in Citi, he has a huge wealth of more than a billion dollars, he can earn hundreds of millions of dollars in profits every year, go in and out of luxury cars and mansions, and often make friends with either top rich people or congressmen and federal dignitaries. But now, he is so depressed that he is not even as good as a dog.

Think about it, everything Citigroup has done over the years, and it has his signature at the end, and these have been seized and sealed by federal courts and tax departments, and all exposed in the news media, in other words, even if the president signs an amnesty, he will not be able to get out unharmed.

The pardon order can certainly allow him to escape the punishment of the law, but it cannot make up for his monetary losses, and with the total scale of Citi's tax evasion over the years, it is ironclad to impose a sky-high fine of billions or even tens of billions of dollars, and according to the disclosed data, once Citi actually begins to enter the stage of repayment of investments, the assets left to Citi will not be enough to offset the fines at all.

And he personally will face a sky-high fine, which is likely to make him destitute from now on, and it is impossible for him to live the rich life he is now, let alone a mansion, he may not even leave a $100,000 credit card. What scares him the most is that as the first person directly responsible for Citi, all the final evidence of the lawsuit will point to him, and if he is willing to plead guilty, it may be fine. But what if some people don't think so? What if they want to open a breakthrough in themselves against the Rockefeller behind them?!

Even if he can promise that he won't open his mouth, will Walker believe it? Will the top rich people in the Rockefeller consortium believe it? They certainly don't believe it, because in this world, only the dead are the safest!

"For the sake of my 40 years of service to Rockefeller, please give me a way out, sir. "Paul George doesn't want to die, he wants to live, even if he survives, even if he is poor, he wants to continue to live, because only alive has hope, and he still has a reserve of $150 million in the UBS, in case he goes bankrupt one day and encounters other difficulties in life, so that there is a way out.

Walker was silent for a while, then asked, "What do you think?"

This voice may have deeply stimulated Paul George's sensitive and fragile heart, and he was suddenly enraged, and roared on the phone, "Walker, don't you know my character? After so many years, when I went abroad to do business, not to mention my hard work over the years, you have to give me a way out for your father and my father's sake, right?"

"Listen, Paul, it's not that I won't give you a way out, you know, the attacks on me within the consortium are getting louder and louder, and if I open up on the Internet in this matter, then I will definitely die next!" Perhaps because of the past friendship between the two, Walker explained sadly, "And do you think it's still useful for me to speak?" Those old men in the consortium can't wait to come out and grab the right to speak, all I can do is help you take care of your family and ensure that they will not be bothered by money for a long time in the future, do you know what I mean?!"

"Hell, I don't understand, I just know you can't do this to me. I can go abroad, your strength is so strong, send me abroad, send me to a place where no one knows me, I promise that from now on, I will never return to the United States, how about it?!" Paul George still had illusions in his mind, he didn't want to die so easily, because once he died, he would be burdened with all the charges.

Hearing these words, Walker already knows what kind of choice to make, because Paul George does not die, he has the possibility of being implicated, once things get to that point, even if he does not die, he will definitely lose the position of the leader of the Rockefeller consortium, which ~ is no different from death.

For the sake of himself, for the sake of wealth, for the sake of power~ power, Walker must order himself to be tough, and he said decisively on the phone, "Paul, I thank you for everything you have done for me! But now I must tell you that if you don't die, those people will keep using you against me, and sooner or later I will be ousted by them." And you know, if I lose control of the consortium, I'm going to end up no better than you, you know? I need you to do something for me at the end, you know what to do!"

"I don't know!" Paul George felt a sudden sting in his heart, a huge pain in his heart without tears or words, so that he could not use the slightest strength in his whole body.

He wanted to cry, but he couldn't, he wanted an angry curse, but he couldn't utter a single word, he could only be silent, silent, wanting to expect a miracle......

"I'm sorry, Paul!" Walker said softly on the other end of the line......

According to the Wall Street Financial Journal, in the last two days of the end of November, Citigroup's stock price fell all the way below the $20,10 mark from last week's highest point of $29, and officially closed at $8.27 per share on the 1st of this month. According to relevant analysts, due to a series of scandals such as Citigroup's suspected tax evasion and false profit declaration, the company's senior management has been investigated by the federal government, and after losing the correct response from management, Citigroup's stock price will continue to fall in the future, and even the possibility of Citigroup's bankruptcy cannot be ruled out. Hit by this news, within three days, the three major stock indexes in New York plummeted by more than 8 percent, and the global stock market all fell to varying degrees......

The aftermath of Citi has already begun to appear, and the consortium has begun to protect itself, and in fact, by this time, the federal credit guarantee and the Federal Reserve's financial rescue plan have not been implemented for long before they face the shadow of failure.

The $120 billion in bailout funds and $400 billion in credit guarantees for Citigroup were all but lost. Taking the stock market as an example, throughout November, the Federal Reserve's downside financial institutions, led by the Federal Reserve Bank of New York, and Citigroup invested a total of about $70 billion to rescue 16 financial institutions including Citigroup.

At its peak, it bought shares at about $25-30 per share, but now it is only worth $8, a decline of more than 300 percent, and if it were not for the continuous investment of a large amount of money in the stock market, and the federal government does not want the stock market and the financial sector to collapse, I am afraid that Citigroup stock would not be able to sustain even $1 now.

"Earn crazy, earn crazy~!"

Meanwhile, in the rooftop office area of the Bank Center building in Los Angeles, there was jubilation, and Lewis, the president of Bank of America, was almost crazy with joy.

Because just his branch, in the past month, by shorting the entire U.S. financial stock market, invested about $80 billion, at this time has been crazy to reap double the profits, even after clearing bank interest and taxes, they can still reap nearly 100 billion dollars in profits.

Li Mubai is also very happy about this, after all, who would dislike his wealth too much, but now the matter is not completely over, he does not dare to be sloppy, "Don't be happy too early, although you have made a lot of profits now, the delivery of the New York Stock Exchange may not necessarily be smooth sailing." ”

Lewis was stunned for a moment, and said with a smile, "Don't worry, sir! We know what to do, although Rockefeller and Citigroup are very strong, but now they don't dare to come forward to start a war with us, because investors all over the United States and the world are denouncing the Rockefeller scandal, and if they dare to meddle in the delivery affairs, then they will definitely be stopped by the federal government." ”

Li Mubai's worry was not this, after listening to Lewis's words, he smiled slightly, "I'm just worried about the federal interference." ”

"Why? This is a reasonable and legal investment, and there is no reason for the Federation to get involved!" Lewis asked, somewhat puzzled.

"Hmph! Just here we have hundreds of billions of dollars in profits, and even in the final delivery period, I doubt that we can move half of the current market value of the stock market and financial industry home, if this kind of thing really happens, imagine what the consequences will be?" Li Mubai looked at the group of people in front of him who were stimulated by money and were about to go crazy, and shook his head a little and sighed.

They only see the immediate benefits and ignore the risks behind them.

Of course, this is a reasonable and legal investment, and there is no article in federal law that explicitly prohibits them from shorting the stock market to make money, but what if the shorting is big enough to cause the stock market to crash and cause a crisis in the federal economy? Who will be responsible for this consequence?

After all, Lewis is the president of the Bank of America, and he has always been very accurate about economic issues, and after a cursory remark, after thinking for a while, he said in a deep voice, "You mean, the federal government will let us cede our interests to avoid the consequences of the collapse of the entire market?"

"Of course they will! If it's just to make money, they won't care, anyway, there will be a lot of taxes to pay. But now it's different, once we take out the profits of the stock market, the consortium will certainly be greatly damaged, but ordinary investors will also lose all their money one by one, and then their anger will accumulate to the top, and once vented, the earth will shake. If we are guided to us by someone with a heart, I am afraid that we will really not be able to take out this money. Li Mubai snorted coldly, although money is important, what he values is the right to speak, and the right to speak to participate in the entire economic decision-making circle.

Although Lewis understood the deep meaning of this sentence, he did not agree, he retorted, "Sir, being able to enter the stock market is itself a gamble~Bo, it is normal to have losses and wins! Even if they vent their anger on us, what can they do with us? It's a big deal that the United States can't stay, let's go to Europe, to the East~! As long as the capital is still there, sooner or later they will fall like pugs." As always, federal parliamentarians cannot do without the financing of capital, and without us, the position of the president will never be secure. ”

In Lewis's eyes, there is no concept of making a big deal at all, in their opinion, everyone comes out to do business, each with their ability to make money, whose ability is bigger and better, can make profits, if it is a bad thing to make more money, then no one comes out to do business.

In the past, the California consortium was hit step by step by Morgan and Rockefeller through several stock market reshuffles, and now it can only shrink into the situation in the west, and finally find a chance to take revenge, and their entire consortium will not give up this golden opportunity!

"Whatever you want, anyway, this is the United States, you have the final say!" Li Mubai thought about it and felt that it didn't matter, anyway, the strength of the California consortium and the southern consortium was completely worthy of Morgan and Rockefeller, who had lost Citi, and if the two sides really fought, it was not clear who would win and who would lose. Add yourself to it, and that's not worth it at all.