Chapter 519: Legend
The so-called "subprime mortgage" stands for "subprime mortgage," and this type of loan was invented by Wall Street financiers to provide services to users who have insufficient credit ratings and repayment ability. This type of loan is repaid at a fixed interest rate in the early stage and on a variable interest rate in the later stage.
At that time, many people in the United States used this kind of loan to buy a house and start to repay the loan, but the problem was this "floating interest", and then the interest increased from 1% to 6%, and many people were unable to repay the house, resulting in the house being taken away by the bank.
However, the purpose of the bank taking the house is to recover the money it lent, but too many confiscated houses cannot be sold, which not only leads to the bank not being able to get back the money lent out, but also leads to the disconnection of the bank's funds.
Of course, the essence of the matter was caused by the bursting of the housing bubble, and subprime lending only accelerated its bursting, but whether it was the creation of the housing bubble or subprime loans, it was a good thing for Wall Street financiers.
Ironically, the crisis led to the bankruptcy of thousands of people, and the United States printed money to pass on the crisis to other countries, causing global inflation, only to fine a few people, and then ban them from the top of financial companies, and that's it, and no one even went to jail.
The new generation of Wall Street people may have forgotten what their predecessors did, but the victims have not.
The reason why Li Han fought with Wall Street on the stock "Game-sport" at that time was not only to make money, but also to make Wall Street stand on the opposite side of retail investors again.
As a result, the people on Wall Street really did not disappoint him, and various tactics such as banning transactions and pulling network cables were used.
This kind of behavior makes retail investors feel that these Wall Street people just can't see ordinary people making a little money.
As a result, retail investors are united again, not because they believe in Li Han so much, but because Wall Street puts them on the opposite side, and it is Wall Street that makes retail investors, ordinary people, feel that they are enemies.
In this case, Li Han, who is against Wall Street, is of course their ally.
It is precisely by virtue of this method that Li Han has brought retail investors together.
In the next few transactions, Li Han led the retail investors to make money from Wall Street, and also helped them to breathe a bad breath, and slowly more and more ordinary people joined them, thus forming the current united front.
When all retail investors are on Li Han's side, he can do a lot of things.
Because the causal relationship between the rise and fall of stocks and U.S. bonds can be reversed, a stock is about to fall, so it must be sold quickly, but conversely, if everyone sells, the stock will definitely fall.
At this time, Li Han can already ignore the "Mandate of Heaven" and go against the sky, not because the stock will fall Li Han said, but because Li Han said that the stock will fall.
After that, whether it is to alleviate the run on Xilik Bank, short Samsung, short Agricultural Association, and short US bonds, it is all based on this foundation to succeed.
And all of this is taking advantage of this "cause" planted by Wall Street 16 years ago, and this "cause" has been buried for so long, so it has caused such a strong impact when it bears fruit.
"So you see, why do I say you'll never know why you've failed?" Li Han's words were full of sarcasm, "And you didn't realize that I calculated it until now, it's ridiculous." You can't imagine when I'm going to start scheming on you! ”
Li Han's explanation made Kasia Jung angry: "You! What are you! You think you've won over Wall Street!? Tell you, Wall Street will never lose! Do you know why no one was punished during the subprime mortgage crisis? Because this country is for the rich! You'll never win! ”
But despite Kasia Jung's hysteria, shareholders are already aware of his fiasco.
"That, Mr. Li......," a white shareholder said with a flattering smile, "those are all in the past, so let's put down the mustard and work together and make money together, right?" ”
"Hmph, yes." Li Han cocked Erlang's legs and smiled, "In that case, I believe everyone shouldn't mind letting me manage this bank alone, right?" Of course, the money will definitely be earned with everyone. ”
"Of course, of course ......," another black shareholder immediately nodded in agreement.
"So, did any well-wishers transfer 7% of my shares?" Li Han held his hands and smiled innocently, "I will buy it at a price higher than the market price, and I will definitely not let others suffer." ”
"Well, in that case...... the shareholders at the scene seemed to be a little moved.
"Wait a minute!" Cassia Jung suddenly interrupted the shareholders at this time, "We have to think about this again." It's not a small thing to let one bank dominate alone! ”
Kasia Jung then began to discuss with the shareholders at the scene, and it is unknown what he had said to these people, and when the meeting reopened about ten minutes later, the gang had already united in their confessions.
"That...... Mr. Li, I don't think there's any need for shares. Kasia Jung smiled slightly, "But we already know your strength well, and we will follow your leadership in the future." ”
"Hmph......" Li Han held his chin and smiled, "So, what do you say about this bet?" ”
"Hey, that's what you're saying." Kasia Jung's face was full of professional smiles: "Everyone is an adult, how can a verbal bet count?" You are also the CEO of a large company, and the voting rights of the board of directors must be contractual, so it has legal effect. Of course, this time I did admit defeat and bow down. ”
At the end, Kasia Jung sneered and whispered, "But Wall Street will not be punished......"
"Good!" Li Han shouted loudly, and then applauded, "A good Wall Street won't lose!" In that case, let's vote. Mr. Kasia Jung is invited to step down from the Board of Directors and hand over his 7% stake. ”
Kasia Jung looked confident: "Okay, then vote." ”
"I support Mr. Kasia Jung's resignation from the Board of Directors!" Li Han raised his hand, then looked at the crowd at the scene expectantly and asked, "Is there anyone else who supports me?" ”
The crowd at the scene of "......" was silent for a while.
"Then ......" Kasia Jung smirked, but before he could finish speaking, a person on the side suddenly raised his hand: "I support Mr. Li's decision." ”
"Good!" Li Han clapped his hands excitedly, "This shareholder has exactly 7% of the shares, so the proposal has passed!" ”
"You!" Kasia Jung pointed to the white man in a suit and glasses next to him, "Are you crazy!?" Didn't you understand what I just said?! This guy will only give your money to the bottom of the rubbish! ”
"I'm sorry, Mr. Jung." The white man pushed his glasses and replied lightly: "You may have forgotten that I am just a lawyer, the real shareholder is my employer, and he is the one who makes the decision." ”
"...... your employer?" Kasia Jung frowned, "Who is it?" ”
"It's Mr. Li from China." The white lawyer explained.
Kasia Jung's heart "chuckled", turned his head to look at Li Han, and asked through gritted teeth: "How is this possible!?" Where did you get this 7% stake from!? Until you become a shareholder of the bank, all the shares are in our hands! The 60% stake was given to you by myself, and you can't have the 7% stake! ”
"Then ......," Li Han asked with a smile, "Is it possible that I bought it before you joined Silik?" ”
"Why did you buy a stake in this bank before that!?" Kasia Jung asked angrily.
"At that time, someone happened to sell it, so I found an agent to buy it for me." Li Han shrugged his shoulders, "This person who sells it...... You know him, too. ”
"I know ...... too," Kasia Jung frowned and groaned, the 7% of the shares were the initial shares within the company, so they were definitely not bought from retail investors, and there was only one person who could sell them......
"Former CEO of Sirik Bank, Roboke!" Cassia Jung slammed his fist on the table and said angrily, "That idiot actually sold you his shares before he was dismissed!?" Something that is not enough to achieve and more to lose! ”
At that time, it was because Robert, the CEO of Silik Bank, sold his shares, and then was dismissed from his position, saying that the users of Silik Bank hurriedly withdrew their money, which triggered the run on Silik Bank, which has reached this point today.
"Wait......" Karsia Jung seemed to realize something, muttering to himself: "After Robock sold his shares, he announced that the bank had insufficient capital chains, which triggered a bank run......"
Cassia Jung's face gradually failed, he looked at Li Han and continued: "And you bought the shares in Robbock's hands......"
Speaking of this, Kasia Jung turned to the conference assistant beside him and asked anxiously, "What was the largest amount of money withdrawn before the run on the bank of Silik?" Which company is it from? ”
The assistant contacted the person above, confirmed it for a while, and then replied: "It's Cranberry Foods Co., Ltd., and the amount is about $1.8 billion." ”
"That's when we shorted the Singapore dollar...... "Kasia Jung muttered to himself, covering his mouth, the cause and effect of the whole incident gradually becoming clear in his mind, "Have you fallen into the trap since then......
"Can't win......" Kasia Jung sat down in his chair in distraction, his eyes completely gone.
"Ladies and gentlemen." Li Han smiled slightly, "Now do you understand the weight of the word 'legend'?" ”