Unfortunately, things finally messed up, and the Koreans actually came to both ends of the negotiation at the last moment, and Lehman had a lot of fun here.

    As early as August, after Morgan announced that he would no longer provide loans to Lehman Brothers, the situation on Lehman's side has not been very good, but Lehman is also a century-old business after all, and they have many other relationships, especially their overseas relations.

    It should be known that among the five major investment banks, Lehman has the most overseas relations, especially in Asia, South Korea and Japan are important support places for Lehman Brothers.

    So the top management of Lehman Brothers was not particularly worried at that time, they still had many allies in Asia, and even if they couldn't get money from the United States, they could still persuade their allies in Asia to get a lot of financing through them.

    Unfortunately, this time their Asian allies were not strong, and the Koreans first agreed to them but then regretted it, which made Lehman's side messed up.

     After negotiations with Korea Development Bank broke down on September 9, Lehman's stock plunged sharply in the stock market, falling 45 percent from $14.15 to $7.79 on the same day, setting a new record for the company's single-day plunge.

    On the 11th, after a weekend, after the U.S. stock market opened, Lehman's stock continued their wild fall journey, falling 42% on the same day. Ending at $3.65, back in 2000 their stock price was at a high of $100, and even a year ago, their stock price was at $67.73 per share, and now their stock price has plummeted by 95 percent compared to a year ago, and eight and a half out of nine lives are still breathing.

    Even at this time, Lehman was still believing that the U.S. government would never sit idly by and ignore their tragic situation, and was still holding meetings with the top brass in Washington and Wall Street.

    As a result, by Friday, Lehman's stock had fallen in the market, and its market value had evaporated by more than 10 billion yuan in just one week, while other high-level executives in Washington and Wall Street were concerned about him, and did not mention the idea of injecting capital to save the market.

     It was only then that many of Lehman's top executives understood. The relationship itself has been sold by the Federal Reserve and other high-level Wall Street, so they had to grit their teeth and file for bankruptcy protection that day.

    Lehman Brothers filed for bankruptcy, but it suddenly panicked the political and economic circles in the United States, except for those with inside information. But after an initial period of panic, everyone naturally accepted this fact.

    Federal Reserve idea Bernanke came out and participated in a press conference, saying that the U.S. economy has a long way to go, Lehman Brothers filing for bankruptcy is inevitable, and the government has no intention of wasting taxpayers' money on a company that is not worth saving.

     And Morgan and other companies squeezed out a few crocodile tears. He regretted that his former little brother had made a mistake and once again expressed concern about the prospects of the U.S. economy.

    At the same time, AIG also applied for $40 billion in bailouts like the Federal Reserve, which immediately shut up other countries.

    After a few more days of waiting, Lehman Brothers announced that the company's total assets were $639 billion, but the company's liabilities had reached $613 billion, and the company was now insolvent after all other expenses. So the company announced that it was formally filing for bankruptcy protection, and at the same time they took Morgan to court, accusing Morgan of embezzling a $9 billion worth of health assets at their Baltimore bank. However, after the complaint was filed, it did not make any waves, and the U.S. High Court announced that it accepted it, but it did not make any waves on Wall Street and other news media......

    At this time, Lehman's major creditors also showed up and began to collect debts, and suddenly Lehman Brothers was in a hurry, and they didn't have the heart to go to court with Morgan.

    At the same time that Lehman was anxious, Jin Xiaoqiang was drinking and chatting with a group of Wall Street executives in New York. It's a good day......

    This may be the most festive song that can express Jin Xiaoqiang's mood in the past two days, Lehman is such a behemoth, it is so simple to fall to the ground under the play of several major conglomerates, which makes Jin Xiaoqiang see the power of the American big conglomerates.

    Actually, don't look at the vigorous hype of Lehman's collapse by the media, in fact, for the domestic financial community in the United States. In fact, the losses were not large, and the most serious losses were actually those in Asia who invested in Lehman bonds.

    You must know that Lehman announced that its assets are $639 billion, but Lehman is an investment bank, not a savings bank, so most of his assets are bonds and derivatives of bonds.

    And most of Lehman's customers are in Asia and Europe, and in the United States, their creditors are not particularly numerous, so the collapse of Lehman Brothers, for the United States, at best, is only a loss of their national credit, for real money, their loss is actually not very large.

    But the worst losses this time were Britain, Japan, Korea, Thailand and the Celestial Empire.

    Many banks in the UK have always had close ties with Lehman, and Lehman Brothers has considerable influence in Europe, not to mention Japan and South Korea.

    Lehman has always had a close relationship with South Korea's Industrial Bank, and the Industrial Bank is also one of their shareholders and creditors.

As early as 1905, Lehman was the first agent to underwrite Japanese bonds, and in 1925, when the Japanese earthquake occurred, Lehman helped Japan sell 150 million Japanese government bonds in the United States.

    Later, it reached an alliance with Mitsubishi and other conglomerates, so the impact of Lehman's collapse on Japan is not small, especially for large conglomerates like Mitsubishi, which can be said to be seriously damaged, you must know that they are Lehman's big creditors.

     And in the Celestial Empire, it was even more terrible, the Bank of China invested 50 million Lehman unsecured bonds, the China Merchants Bank invested 70 million US dollars, and the Industrial and Commercial Bank of China invested ......

    These are all Lehman's creditors, as well as Lehman's financing projects in the Celestial Empire, and now they have announced their collapse, the most unlucky are these creditors, according to the most preliminary estimates, the direct losses of the major banking enterprises in the Celestial Empire in the collapse of Lehman alone are as high as more than 3 billion US dollars, and the indirect losses are as high as more than 30 billion US dollars......

    Jin Xiaoqiang didn't know about these relationships earlier, these were all told to him by Morgan later, although he was also a little guilty in his heart, but he was soon left behind, even if he didn't participate in this matter, in the end Morgan's gang would do it, he participated, and he could help the Celestial Empire get back a sum of money from Lehman's collapse, after all, the money he earned from Lehman in the end will still return to the Celestial Empire to use......

    Lehman fell to the ground like this, but it really annoyed Asian countries and European countries, because Lehman's 613 billion debts, these countries are all big creditors, and the Yankees let Lehman go bankrupt like this, isn't this very bad for national credibility?

    Originally, everyone wanted to ask the U.S. government for an explanation, but as soon as the news of AIG asking for 40 billion funds from the Federal Reserve came out, the big guy immediately turned off.

    AIG, the American international insurance company, has a presence in other countries around the world, especially in Europe and Asia, they have a lot of business, a lot of projects.

    For example, in the Celestial Empire, he has projects involving insurance, finance, and investment in seven big cities such as Puhai, Beijing, and Yangcheng, and has been operating for more than ten years.

    And in other parts of the world, they have a lot of these projects, and this is a $1.05 trillion behemoth.

    Now they are asking for $40 billion like the Federal Reserve, which is sending a signal to other governments around the world that Lehman's account is going to be relied upon, if you dare to ask for it, I will immediately let AIG go bankrupt.

    What will be the consequences if AIG goes bankrupt, Jin Xiaoqiang doesn't know elsewhere, but as a person from the Celestial Empire, he knows that the stock market of the Celestial Empire will definitely be destroyed directly.

    And the situation in other countries of the world is not the same, so everyone can only pinch their noses and admit that Lehman will go out of business, everyone has nothing to say, and what they say is in vain.

    As for the money that was taken away by Lehman before, I can only stare at it!

    Lehman's noisy joy here, mainly in a hurry to find the next home, originally Barclays Bank and Lehman had a good talk, but in the blink of an eye, the US government is unwilling to give the green light to Barclays' acquisition, and they are unwilling to provide credit guarantees for Barclays' acquisition of Lehman......

    The Wall Street consortium is really transcendent, ruthless enough, and it will stop Barclays from buying Lehman.

    And the U.S. government is also asking for a lot of money, you Barclays want to buy Lehman, but you have to help Lehman pay back the $44.5 billion in aid that was owed to us, isn't that nonsense?

    Which bank is willing to carry the burden?

    So the news that the vigorous Barclays took over Lehman quickly sank, and in this life they faced even harsher conditions than the previous life, which were undoubtedly unacceptable to the Red Shield family.

    And a few days later, in the Wall Street Journal, in a very inconspicuous corner, there was a news that Thunderbird Ventures will accept Lehman Brothers' investment banking business in North America for $1.75 billion, and it is reported that Thunderbird Ventures will acquire Lehman's North American investment banking business for $250 million in cash, and will also acquire Lehman's headquarters and two data analysis centers in Manhattan for $1.5 billion...... (To be continued.) If you like this work, you are welcome to vote for recommendation and monthly passes, and your support is my biggest motivation. )