Louis, CEO of Bank of America, is here, let’s hear what this guy has to do.

When he saw Brother Lu's upright and restrained appearance, he knew that he had nothing good to do. Sikong Ling was perfunctory and perfunctory, waiting for him to confess his love.

Louis praised the boy very much, saying that he was a once-in-a-century banker, better than J.P. Morgan.

The young man said proudly: "Where is it, I am from a poor family and love to make money. I am far inferior to J.P. Morgan's aristocratic temperament."

Louis once again praised him and said weakly: "There is something wrong with our Bank of America business. I'm afraid that only you can have the strength to save us..."

The boy deliberately said in surprise: "No way? But I see that you just acquired Merrill Lynch today. This doesn't look like operating difficulties anyway. It's 44 billion yuan, and it's almost half of the funds I have worked hard to raise nuclear power."

Louis smiled bitterly and said, "This is all the money borrowed by the Federal Reserve. They originally wanted to borrow only 30 billion. Later, I told him that 40 billion was not willing to accept Merrill Lynch. This is too unreasonable, so I had to agree. The government would never let Merrill Lynch go bankrupt. Citibank itself is difficult to protect. Morgan just accepted Bear Stearns, and the government forced Merrill Lynch to us. In fact, I also suggested that the White House ask you to accept Merrill Lynch. They said that Bank of California was just established and its strength was not as strong as Bank of America. Actually, I know that you are strong, and I am afraid that it is above us. Assets and other things are all false. Judging from your return on investment, none of the top ten banks can catch up. No, you can't even see your back!"

The boy laughed: "You are quite wronged...why? Are you so difficult?"

Louis smiled and said, "This, you know, Paulson Fund's over-the-counter transaction with us... We lost too much. Bank of America will definitely not be able to hold on with the 80 billion exposure...unless...I suggest that Bank of California acquires Bank of America, you see..."

The boy shook his head: "Oh, the Securities Department is playing too hard... Oh, what? Acquisition of Bank of America? This... is so scary. It will scare the American people to death. The eldest Citigroup is about to finish playing, and the second Bank of America is acquired. This is so scary."

Louis laughed again: "It's even more scary when Bank of America goes bankrupt."

Bank of America's structural investment institutions are obviously not just doing over-the-counter transactions (non-public transactions) with Paulson Fund, but they are indeed losing money. There are only two ways, one is to be acquired and the other is to be nationalized. It is probably not impossible, because it is really scary. But it is not impossible, because if Citibank and Bank of America are nationalized at the same time, it is too much pressure to pass. If it is operated like this, I am afraid that Congress will really force the White House to save one and lose one, like Lehman Brothers and Merrill Lynch. And according to the logic of the White House, it is obvious that the bigger Citibank is more worthy of saving, and Bank of America is in a very dangerous situation. If a super commercial bank is in his own CEO, Louis will be famous in his life, so he is so panicked. Judging from his clumsy compliments, this big banker was not used to speaking like this, and there is no way.

What Louis most hopes is to collect the US Bank of America, because this may conceal the 80 billion exposure. Once the Ministry of Finance intervenes, his career will end, and the hyped Citi CEO and Merrill Lynch CEO are his role models.

The boy's request was also simple. Louis had to cooperate with him and beat the directors of Bank of America. The boy had to go back and ask Ronaldinho and Paulson whether the transaction was cost-effective or not. If it was not cost-effective, he would risk scaring the American people to collect Bank of America. He was so full. Bank of America is a public listed company and it has an obligation to make money for shareholders. Unlike the Bank of California, it is still a partnership system. He can do whatever he wants. Others don't know and have no right to ask for money. As long as you don't ask the government for money, you can do whatever you want.

Ronaldo and Paulson were not sitting safely. They had been waiting outside for a long time. When Louis went out, the two brothers were talking nonsense, looking very happy, and they were in a strong contrast with Louis's mournful face. So when they saw Louis coming out, they hurriedly shut up and not bully people too much!

Luo, no matter whether you are worth it or not, was so excited that he heard that he could acquire Bank of America and his stomach turned red. He was so ignorant that he should not plot against him!

Calling the CFO and CLO (Chief Loan Officer) of Kayin came over, and even an old man like old Rothschild blushed with excitement.

Sikong Ling frowned. If he had been counting on this high for the rest of his life, of course, it would be very high for the US Bank to be charged, but if the Kongling Empire had a stronger man, it would become a thorn in the eyes of the American people. This is really not worth it. You should be a dark wizard who secretly manipulates everything, and don't be an arrogant berserker.

Paulson said: "We should not use the word "acquisition of Bank of America" ​​in transactions. Jiabank and Paulson Fund invest in Bank of America. It should be no problem if it is silent."

This is true. As long as the government does not yell, few people will know that the government will naturally cooperate in order not to scare the people. In fact, the old friend Buffett's Berkshire Hathaway also holds shares in many banks, but if he doesn't say it, no one will know that Buffett has held a large number of shares in American Express and Wells Fargo for a long time.

On September 17, the net value of the money market mutual fund, PrimaryFund, was only 97 cents, falling below $1. The main reason was that after Lehman Brothers went bankrupt, the Lehman Brothers bonds held by the fund, which were originally worth $785 million, became worthless. Previously, the money market mutual fund was considered by investors for many years to be one of the safest short-term investment products. This is the financial product that Sikong Zero advocated 99% safety and used to replace fixed deposits. Although this product fell below $1 this time, it only lost a little bit. This is the reliable money market fund.

proof that it does not allow a single purchase of a certain bond, and no matter how high the rating is, the loss of the initial money fund has caused concerns in the global market about traditional safe assets. On September 19, the U.S. Treasury Department had to immediately announce a large-scale money market mutual fund rescue plan, under which the Treasury can use up to $50 billion of funds from the foreign exchange leveling fund to provide insurance for the required publicly issued money market fund assets, aiming to boost market confidence and alleviate investors' concerns about the ability of money market funds to bear the loss.

Because it was cut cleanly with financial institutions that like to trade subprime bonds, the world's largest money market fund, the world's largest money market fund, has a very strong yield performance, and has won the favor of the market. Friends who like money market funds have turned to the money market fund. Since the first money market fund was lost on the 17th, hundreds of billions of funds have been running to the money market account every day! After the rescue plan was released on the 19th, the momentum has slowed down, but a considerable number of customers still flowed into the money market fund. Of course, there are also quite a lot of customers who are not at ease with the money market fund of ​​Gansu and locked the interest between three to six months.

JPMorgan Chase and Wells Fargo are the best banks in this crisis. They would rather give up the market than engage in subprime mortgages, but they did not cut it so thoroughly. They admired the beautiful performance of Canadian Silver and could not accept it. This is the rhythm of the king.

The five major investment banks died and were injured. In addition to Goldman Sachs, who shorted and became the winner like Canadian Silver, the only one with a strong foundation, Morgan Stanley, who was also able to beat the knife, was like a strong man with a bloody face and waving a big knife, yelling: Don’t save me, I can still stand it!

On September 21, the Federal Reserve announced that it would approve the transformation of the two remaining investment banks on Wall Street, Goldman Sachs and Morgan Stanley, into bank holding companies and accept Fed supervision. Just a week ago, there were four major investment banks on Wall Street. Within a week, the ** investment banking model was completely over.

Global stock markets have fallen spectacularly in recent days, with the market evaporating 7 trillion US dollars, and Asia and Europe survived. Global financial markets are violently turbulent, foreign exchange market fluctuated violently, interbank markets suffered severe blows, liquidity tends to dry up, commodity prices represented by oil prices fell across the board, and Iceland faces bankruptcy. The Federal Reserve, Bank of Canada, European Central Bank, Bank of England, National Bank of Switzerland and Bank of Japan have rarely announced a joint effort to save the market.

On September 25, Washington Mutual Bank, which was once the same as the core capital of Bank of Canada, was taken over by the Federal Deposit Insurance Company of the United States, becoming the largest bank bankruptcy case in American history. It was later acquired by JPMorgan Chase for a bargaining price of $1.9 billion. When Bank of Canada was first established, Sikong Ling used Washington Mutual as an example to call himself the tenth largest bank in the United States, and in a blink of an eye it disappeared.

In terms of its national scale, the crisis in Iceland can be said to be the worst impact in history. The banking industry has been involved in subprime loan products, and the three major commercial banks have all gone bankrupt. At this time, let alone liquidity. The Icelandic government has ordered a ban on foreign exchange transactions. Everyone knows that Iceland's currency has completely collapsed. All foreign exchange in Iceland is used to purchase essential goods, food, medicines and oil, and all other imports and exports are frozen.

AquaBounty, a subsidiary of Sikongling, is carrying out construction of fishing grounds in Iceland. Unexpectedly, disasters fall from the sky, foreign exchange trading is prohibited, all banks stop food, this... hurry up and ask the boss for help.

At this time, the only and largest Kauphin Bank in Iceland, the only one and largest, was still talking to the government about how to go bankrupt gracefully. The people from the Bank of China asked: When will your financial system resume operation? Our fishing ground suddenly had no money to use it!

The savior is here. The California Bank is famous for its strong strength in the financial crisis. Kaopixun Bank turned to the California Bank to discuss rescue. Finally, the Icelandic government agreed to California Bank to acquire Kaopixun Bank with wholly, which was exempted from bankruptcy and agreed to Kaopixun Bank to conduct foreign exchange transactions in hedging. The so-called hedging is to sign a contract to sell the same amount of the currency at a certain time in the future. It can avoid major exchange rate fluctuations and of course it will incur a little transaction fee, but this is visible and predictable, and it is much stronger than the collapsed Icelandic currency.

Kauphin was the only commercial bank that could still conduct foreign exchange transactions at this time, so it naturally squeezed out. Its position as the largest bank in Iceland is at an absolute advantage. Most of the huge losses of the former Kauphin Bank were borne by the Icelandic government, which could also be regarded as reducing the burden on both sides. At this time, the liquidity of the entire Iceland national financial system was exhausted, and even the little money for buying food, medicines and oil was borrowed from Germany and Denmark. When Canadian silver entered Iceland, it injected a clear spring into the dry and hungry Iceland people, so that all industries in Iceland would not have a large-scale lottery.

Kaupxing Bank has successively acquired a large number of industries such as airports, ports, fishing grounds, metallurgical industries, etc., which has greatly accelerated the recovery of Iceland's economy and made huge returns themselves. Once others have no money and you have money, it is the best time to pick fruits. Icelanders don't know whether they should be grateful to ZSK or hate him. Ordinary people should be grateful. The country has gone bankrupt. At this time, a big fortune will save everyone from drowning. This is a great charity, and it is also worth making more money.

Iceland also realized that it was not strong enough and could not be relatively strong outside the EU as Britain and Switzerland. Iceland used to be quite arrogant, but now it is wrong and applied to become a full member of the EU.

Bank of America quietly submitted a major equity change application to the Office of Monetary Regulatory, the Federal Reserve, Federal Deposit Insurance Company, the Department of Justice, the Securities and Exchange Commission, the Futures Trading Commission, the Office of Savings Institutions Supervision and the Federal Transaction Commission, and nearly half of the directors negotiated with the board of directors to retire, and a large number of new directors, mainly Paulson Fund and Bank of California, took over the Bank of America.

At this time, the US government was very busy with the relief plan. The original plan submitted by the Treasury Department to Congress was only two and a half pages, involving a rescue plan of up to $850 billion, which was only such a little bit. Moreover, the Treasury Secretary also said, "We have no choice." The congressmen were so angry that they cursed. The first submission was rejected without any suspense. These days, they were quarreling every day how to balance the interests of all parties.

The change in Bank of America's equity did not attract the attention of the White House. It was thought that the directors had lost money, so they had to leave the market in disgrace. This was normal in the season of panic, so various institutions have rush to approve the application of Bank of America.

Bank of America's plan is very terrible. Not only did it introduce a large number of directors, it also placed the Paulson Fund, which has a relatively opaque capital structure, in front of the Bank of California. But the government's failure to pay attention does not mean that the media has not paid attention. Who is ZSK? Wherever it goes, there is no way there can be a second person who can make the decision. How could the extremely cruel capital tycoon really just invest and rank behind this unknown Paulson Fund?

After some exploration, the New York Times headline published a headline: ZSK absolutely holds a stake in Bank of America. The article stated that according to reliable sources, most of the funds of Paulson Fund come from ZSK himself. Several of the newly joined Bank of America directors are people who are closely related to Bank of Canada and Paulson Fund. Conservatively estimated that ZSK controls 30% of the voting rights of Bank of America, and other small directors cannot speak at all, which is equivalent to turning Bank of America into ZSK's private property.

As the financial crisis broke out, although the Bank of California is strong, it has hardly appeared in the public eye. Everyone is watching JPMorgan Chase and Bank of America acquire this acquisition, and rescue this, and they all feel that Bank of California is so low-key. As a result... Damn, Bank of California has received the Bank of America? It's a bunker.

Citi has already lost its virtue, and the position of the boss in the future will be Bank of America and JPMorgan Chase. Now, Bank of America and Bank of Canada are definitely the world's number one. It can be described as a financial nuclear-powered aircraft carrier.

Paulson's plan failed completely. In fact, if the Bank of China included the tens of billions of dollars earned by Paulson Fund this time into its core capital, it would also be the world's number one throne. There was no need to collect Bank of America so eye-catching. Alas, it was a mistake. Sikongling was like a landlord who was carrying a bag of money but was strolling around in the garden. As a result, the sack was broken, and all the big money inside fell out, attracting pedestrians on the way to watch quickly.

American media have mocked the young man, knowing that you have money, you have hundreds of billions of dollars, and even more than 100 billion is not a shocking thing. The problem is that what is it for you to hide it like this?

Paulson quickly took Xiao Luo to see the boss to apologize. He didn't dare to see the boss alone, for fear that Lord Sikong would overturn the table and scare the second uncle of the Bao family to death. What he mainly said is that my plan is unreliable. If the confidentiality work is not done well, it will cause trouble for you. It is worth tens of thousands of dollars!

Sikong Ling didn't say anything, and he still kept them for dinner. As he ate, Paulson relaxed. Lord BOSS really didn't take this matter safe. If you can hide it, just think that Cao A-shares it. If you can't hide it, you will lose it. If you can't, you will lose it. What's the point of staying with me if you make a lot of money?

In fact, people in the world still underestimated Cao A-gui, thinking that he only made one banknote, but in fact...

Citibank is worried about bankruptcy, and its stock price falls freely, from $200 at its peak to $1 at its lowest. Sikong Ling personally handled the fragmented fund to buy at the bottom, controlling nearly 50% of Citi's shares with an overall holding cost of 15 billion. Citi is now the shadow puppet in his hands.

The big panic led to even banks that performed well like JPMorgan Chase being sold, with stock prices falling from nearly $50 to $15. The fragmented fund converged 30% of Morgan's stock, which consumed only $20 billion.

Wells Fargo was still not spared, and its share price fell from $40 to $8. The fragmented fund took action again, controlling about 30% of Wells Fargo's equity with a holding cost of 15 billion.
Chapter completed!