At present, my cash has reached 120 million.

According to his judgment, the crocodiles on Wall Street will definitely not allow Bear Stearns' stock price to continue to rise, at 71 yuan per share, which is almost at its limit.

Decisively double the leverage, and with 240 million yuan of funds, we will disperse the shorting of Bear Stearns.

At 1:30 p.m., a news came out of Wall Street that a bank rejected a normal transaction from Bear Stearns.

So the rumors became well-founded. Goldman Sachs issued an emergency notice stating that it had confirmed Bear Stearn’s credit rating and did not support normal transactions for the time being, and the repurchase market was closed to Bear Stearn.

The news exploded instantly.

Add another news, that is, the hedge fund managed by Bear Stearns currently has less than 5 billion available funds, which has 13 billion flowed away from the previous 18 billion.

The frightened investors voted directly with their feet and frantically sold long orders in their hands. Investors with margin accounts started shorting Bear Stearns backhand.

The trampling chaos caused Bear Stearns' stock price to plummet. Before the closing, it directly triggered two circuit breakers, closing at -8.1%.

Before the closing, Huang Xiuyuan took 240 million short orders and directly harvested 86 million.

The cash flow will be held at the same time reaching 203 million.

At this point, he gave up the leverage operation and chose to buy directly in cash to reduce the risks brought by leverage.

100 million cash continued to short Bear Stearns. After the remaining money was deducted 15% of the capital income tax through various offshore accounts, it transferred 75 million meters back to Huangshi International.

Bear Stearns, who was ravaged by Wall Street, became increasingly in danger. In less than a week, the cash reserves of hedge funds dropped to 2 billion, and Bear Stearns almost lost all of their cash.

New York.

Goldman Sachs headquarters.

In the president's office, the white middle-aged man with sharp eyes reported his work to the old Mediterranean man:

"President Raulder, today's hunting was very successful, and many little fish have been eliminated."

"Yeah, very good."

"There is another thing. The Mid-Federal is very worried that Bale will go bankrupt because of this and is discussing how to save the market."

The old Mediterranean man closed his eyes and pondered. After two or three minutes, he opened his eyes and ordered: "Continue the previous plan and keep a close eye on others."

“OK.”

March 13.

Bear Stearns, who was in cash exhaustion, had only 2 billion yuan of working capital left, and the stock price plummeted again, and the market panic spread further.

Bear Stearns was as anxious as an ant on a hot pan, constantly asking for help from the Mid-Federal, hoping to obtain a sum of funds to stabilize the basic market.

Huang Xiuyuan, holding the cash, followed other financial giants and harvested another wave.

Bear Stearn was in despair. The only hope for whether he could see the sun tomorrow was the Midlands Fed.

That night, the regulatory authorities headed by the Federal Reserve and the Ministry of Finance conducted emergency consultations, but the first problem they needed to solve was not how to save it, but whether to save it.

It’s not that Bernanke, Paulson and others don’t like Bear Stearns, although he is indeed annoying, but because the official participation in the market behavior seriously violates the American free market spirit.

The last time I did this was the zipper king when dealing with LCTM (Long-term Capital Asset Management Company) in 1998, I was scolded so much that I was scolded.

Interior of the conference room.

Everyone here is weighing the pros and cons, whether it is necessary to risk the world's big trouble and their own veil to save such a company that no one likes.

Paul, the former Goldman Sachs president, said seriously: "If Bear Stearns fall, hundreds or even thousands of counterparties will no longer hold their collateral, but will try to sell the collateral and lower the price, which will cause greater losses."

Oh my God! The coffin board of LCTM is almost unable to hold it down. This is exactly the reason why the Mid-Federal arranged for private institutions to rescue LCTM 10 years ago, and Bear Stearns refused to participate in this rescue operation that year.

"Okay! I agree, but how to save it?" asked another senior executive who participated in the meeting.

Because this involves a problem: Although the Mid-Federal assumes the role of lender of last resort, Bear Stearns is not a bank, and in principle it is not subject to their supervision.

Bernanke, who specializes in finance, drew up the Federal Reserve Act, pointing to the little-known Article 13, paragraph 3, which allows the Federal Reserve to provide funds to "individuals, partnerships or companies" in "unconductive and emergency situations."

This clause gives the institution extremely high powers, even beyond the scope of Congress’ authorization.

After a whole night of preparation, the next day (March 14), the Federal Reserve issued a notice before Friday's market opening.

The general meaning of the content is: the Mid-Federal will use Morgan Stanley as a medium to provide a temporary loan to Bear Stearns to help him overcome the difficulties.

Huang Xiuyuan, who was far away in the sky, saw this news, but knew that today was definitely the darkest moment for Bear Stearns. He used the 100 million short orders he held to quickly raise funds from securities companies and obtained 300 million yuan.

As soon as the stock market opened, Bear Stearns was like eating Croton, and the stock price plummeted, with a drop of 48.7% that day, which was even more terrifying than Huang Xiuyuan's memory of 45.9%.

After completing the harvest again, he diverted the 190 million yuan of profit, paid 15% capital income tax, and returned to Xiangjiang Huangshi International's funds, with 161.5 million meters.

The remaining 100 million funds will continue to be retained in various accounts. If this year's financial market does not open leverage, as long as you short it desperately, you will basically make a profit without losing money.

Looking at the 236.5 million meter yuan lying quietly on Huangshi International’s account, the current meter yuan and Huayuan are around 7.11.

Through Xiangjiang Bank of China, the 230 million meter of this fund was exchanged into Huayuan and remitted the money to the account of Suiren Company, a total of 1.6353 billion Huayuan.

After doing this work, he went to take a shower and go to bed.

On March 15, Li Ce, the head of the financial team of Suiren Company, came to the office with several colleagues to routinely check the company's account funds.

After opening the account information, he involuntarily took off his glasses and wiped them, then put on his glasses.

The balance of funds suddenly showed: 16 4367 3671 yuan. Li Ce turned around and said, "Xiaoli, check the company's remittance records."

"No problem." Xiaoli also hurriedly searched and confirmed with the bank again. Then she said excitedly: "Team leader, it's true. At around 5:30 in the morning today, 1.6353 billion yuan was transferred from Xiangjiang."

Lin Baijie, who received the news, was about to call the chairman to confirm, but stopped because he remembered Huang Xiuyuan's recent habits and was probably sleeping now, so it would not be too late to ask again in the afternoon.

Adding to Huang Xiuyuan's previous words, Lin Baijie guessed that it should be the capital injection of the "parent company". With this money, his mood of ups and downs finally got the bottom line.

The internal part of Suiren Company has also become more stable due to the injection of this money. After all, I have food in my hands and I feel unhappy.

When he woke up at noon, Huang Xiuyuan stood quietly in front of the window. His series of preparations finally had a preliminary foundation and could also let go of the financial market matters.
Chapter completed!