Chapter 227: Unable to Return to the Heavens
On the 35th floor of the headquarters building of the New York Life Insurance Group, the U.S. dollar index is floating around $95, and the investment department is already as calm as death. Pen × fun × Pavilion www. biquge。 info
"Impossible, in just one morning, how can the market fall so much, there must be something wrong." For a long time, because he couldn't bear the pressure, President Felix Gal couldn't accept it.
A young girl in a shirt and trousers entered the investment department and whispered a few words to the dress woman, Rya, causing an angry sneer on the woman's face.
"As the majority shareholder of the group, in the end, the Federal Reserve Bank of New York will not pay to save it? President Felix, I advise you to face reality and think about how to clean up this mess. The young man named Gavin said with a gloomy expression.
"There are rumors in the market that the Financial Oversight Board of Public Corporations, as well as the Bureau of Commercial Investigation, have received reports about our New York Life Insurance Group's illegal operation of US dollar index futures, resulting in huge losses in investment, and now even the New York Cotton Exchange has issued news claiming that because of our liquidation with the Mets, which has led to a short-term runaway collapse of the market." The woman in the dress will receive the news, sneered in front of everyone.
"The rumors are not terrible, but if they do, it will make people worry, I was just thinking, coinciding with the short suppression of the dollar index futures, the rumors came out, and it is clear that someone is deliberately calculating New York Life, and it is early in the morning, wanting to make a fuss about illegal things, otherwise how could it suddenly be spread." Old George took a deep breath and said.
"Even if it was a rumor at the beginning, it may not be possible now, once the illegal investment of the New York Life Insurance Group is confirmed, someone has to shoulder this responsibility, President Felix, do you think what I said is right?" The woman in the dress asked with a playful smile at the curly-haired man.
"The group's stock price has fallen so much now, which has caused losses to our shareholders, and if someone had not insisted on continuously pumping funds into the US dollar index futures, it would not have caused such unbearable consequences, and we at AIG will also reserve the right to pursue it through law." Young Gavin said unceremoniously.
In the face of the cold words of the woman in the dress and the young man with guns and sticks, Felix, the curly-haired man, didn't say a word, and there was only fear on his face, as if he had realized what he might face next.
"The short-term decline of dollar index futures is too extreme, and the Federal Reserve Bank of New York, the major shareholder, is also underprepared, after all, the bank is not opened by individuals, and it is understandable for the sake of the whole situation, so let's count our losses." Although George Sr. slightly defended the fact that the major shareholder did not enter the market in time, his words were also obviously disappointed.
"At present, we New York Life, more than four million long positions held in US dollar index futures were forcibly closed by the New York Cotton Exchange, and because the market fell too fast before, some liquidation positions were not even closed at the first time, resulting in negative margin at the time of the transaction, and these expanded losses may also need to be made up by us." A trader came back to his senses and explained to the shareholders with trepidation.
"Do you know what it means to have a negative margin in a liquidation? The New York Cotton Exchange will definitely launch an emergency plan to apply for the freezing of all the accounts of our New York Life Insurance Group, and the long positions of six million hands are not all over after being liquidated by four million hands, and the liquidation is even due to the difficulty of closing the position, thus owing money to the New York Cotton Exchange, which is no different from the total annihilation? Rya, the woman in the dress, couldn't help but roar.
"Felix, no matter what happens next, you still have to cheer up and clean up this mess now, otherwise you really don't have a chance at all, New York Life has such a big thing, I have to go back to the Ford consortium to explain the situation, I can't continue to stay here." After old George was speechless, he walked out of the investment department with great determination, as if he wanted to give up the curly-haired man.
In the situation that most of the liquidation of New York Life has been liquidated, even the women in dresses and young people are angry and laugh, and they do not complain more about the curly-haired man, and after the elder George, they have left the investment department.
"It won't be long before the Federal Reserve's interest rate decision will come out, what are we going to do, if by then, the futures price continues to fall sharply, the group's remaining two million hand positions, won't it be forcibly exploded, and the group's stock price will definitely fall further." Some of New York Life's minority shareholders seem overwhelmed in times of crisis.
"How's the situation going over there in the Met?"
Facing the gazes of several small shareholders, Felix, the curly-haired man, finally asked the informant.
"It is estimated that the situation is not much better than our side, most of the long positions should have been blown up, the main bears in the market, is taking advantage of a large number of liquidation orders poured out, began to profit out, the cotton exchange came from the news, saying that many gold merchants and market-making banks in London have also closed a lot of positions." The informant whispered in response.
Although Felix hates the main force of the short side of the market at the moment, however, in the capital market where the weak eat the strong, the dead have always been silent and the losers are silent, and the situation has been subjected to this point, and it is already powerless.
Unlike New York Life's investment department, after the sharp decline in dollar index futures, John Feige, a white-haired old man at the Gold Investment Center of Rothschild International Bank in London, breathed a sigh of relief.
"Chairman John, our short position in the dollar index futures has closed 500,000 lots, and the profit is very ideal, what should we do next?" A trader in the gold investment center asked the white-haired old man excitedly.
"Angela, what do you think?"
After experiencing the previous frustration of shorting international gold spots, because of the relationship between the two major insurance groups, the white-haired old man John knows very well that if it were not for the relationship between the previous losses in the US dollar index futures, his situation in Rothschild International Bank may not be much better than the current New York Life.
"The mainstream funds in the operation of the US dollar index futures, every time they open a position, they are very decisive, and they are extremely slippery, although they are the main force of shorting, but it is really concerning, and now the trading status of the US dollar index futures is poor, and we have not had time to close the short positions, but I am afraid that it will be very difficult." Angela Ida of the Wanjada Gold Company was a little worried.
"Even if that big money continues to muddy the waters in the dollar index futures, but the Fed has not announced the results of the interest rate meeting after all, we can still operate according to the established plan and eat up the remaining positions of the two major insurance groups." The white-haired old man said hatefully.
"Now the price has fallen from $98 to $95, the short-term decline has been more sufficient, and then down the pressure may be very difficult, you don't forget, the dollar index futures are also part of the foreign exchange market, if the short-term fall too much, out of the real value area, is likely to attract the intervention of central banks, at that time, I am afraid that we did not blow up the remaining positions of the two major insurance groups, but will be thankless, deep in it and unable to extricate themselves." Angela, the blonde woman, shook her head.
"Do you know anything about the Bangada Gold Company?" The white-haired old man's eyes narrowed slightly, and he had some guesses.
"This big money that stirred up the US dollar index futures is the operation of Dafu Bank, which gave you a heavy blow to Rothschild Bank in the international gold spot two days ago, and the reason why it was not found out at the beginning is because Dafu Bank and Citigroup Hong Kong Branch signed a depository guarantee agreement for funds, borrowing Citibank's capital turnover channels." Angela explained with a smile.
"Borrowing capital turnover channels? This kind of cover does not seem to be clever, and even if the movement of funds can be concealed for a while, sooner or later it will be discovered. Because of the loss of Dafu Bank before, the white-haired old man was slightly annoyed.
"It's enough to cover up for a while, maybe Dafu Bank didn't plan to dive all the time, this time the institution took out tens of billions of dollars in the dollar index futures, it should have reached the goal, it is estimated that it will not come in again, in terms of the current position of the dollar index, our Vangada Gold Company will not continue to look down, once the Fed's interest rate cut boots land, it is a good time to close the position." The blonde woman said with a relaxed expression.
"This time to short the US dollar index futures, many gold merchants and market-making banks have participated, but in the end, did they make a wedding dress for the wealthy bank? In order to crack down on the two major insurance groups, everyone took a lot of risks and put a lot of effort, but in the end, they had to be taken away by the wealthy banks that did nothing, and the vast majority of their interests were taken? The white-haired old man said unwillingly.
"The results are already good, if you don't compare with Dafu Bank, we are still more satisfied with the income of Wanjiada, you know, the amount of capital investment of major gold merchants and market-making banks is far less than that of Dafu Bank, and without this institution, it will not be so easy to kill the two major insurance groups, spreading some rumors, it is just a matter of moving mouths, and now the two major insurance groups are taking care of themselves, who will pursue it." Angela smiled playfully at the white-haired old man.
"It's really strange, before the international gold spot soared, the Bella family transferred the Dafu Bank to a Chinese, a former nameless private bank, only a few days, how can it become such a terrible institution, this is simply incredible." John, a white-haired old man, looked like he didn't want to admit it.
"John, don't worry, with the operation of Tatfook Bank in the capital market, I believe that there will be opportunities to deal with it in the future, and I have a feeling that this disrupting the market funds, today's operation may not be completely over, keep an eye on the changes in the market, it doesn't matter if Tatfook Bank takes advantage of the loopholes, I am afraid that I will fall into it again because of the operation of this fund." The blonde woman smiled with curiosity in her eyes.
(The first one will be delivered, and there will be a little later.) )