It was late at noon at the Huangyue Hotel, and after lunch, he came to the headquarters of Heishang Investment Bank.

The horsemen were having lunch tea.

[The bankrupt Lehman Brothers' core business was sold to Barclays Bank of England at a low price]

Lehman Brothers' bankruptcy trial lawyers claim that in the past few days, Lehman Brothers' total assets have shrunk seriously, so the British Barclays Bank Group was able to acquire Lehman Brothers' assets at a low price.

The bank's Barclays "takes the opportunity" and negotiates with Lehman Brothers' total acquisition price is about US$1.75 billion.

This includes the acquisition of Lehman's investment banking and capital markets business in the North American market for $250 million, the acquisition of Lehman's New York-based assets and two data centers in New Jersey for $1.5 billion!

Huang Shaokai couldn't help but sigh: "Lehman Brothers' core business is simply a bargain."

Zhang Dexi smiled and said: "In the future, we will also have the opportunity to buy core assets at a bargain price in Hong Kong."

At this time, Wang Juehao saw that CCB held US$200 million in bonds with Lehman Brothers, and he might have lost all his money.

Hong Kong tycoon Lee Sak-ki Lehman Brothers' account was banned from HK$7.8 billion!

The disaster at Lehman Brothers Company suddenly broke out, and no one expected it!

He couldn't help but sigh: "This Bear Stearns and Lehman Brothers are all over, and the impact is too great, both for the United States and the world."

Wang Guanxi smiled and said, "The impact of the two cases of Lehman Brothers and Bellsden is an unprecedented case in American history, and more financial service institutions will file for bankruptcy. The next one is Washington Mutual Bank!"

When it comes to Washington Mutual Bank, everyone is very excited.

After all, Blackshirt Investment Bank shorted 120 million shares of Washington Mutual Bank. Currently, the share price of Washington Mutual Bank has reached $3.00 per share, and Blackshirt Investment Bank has no floating profits in its account.

In addition, last night, Blackshirt Investment Bank spent money to Sing Tao Daily to report its negative news, and self-deprecating, and paralyzing the Indian Industrial Trust Investment Bank.

And the Indians really took it seriously. In the morning, they also reported that Black-shirt Investment Bank was about to go bankrupt.

The same is true for getting a good financial group, and she gloated and slammed Blackshirt Investment Bank.

It's funny to think about it.

"We're waiting for Washington Mutual Bank to follow in the footsteps of Lehman Brothers."

"Let the Indians be proud first"

"Yes, let them be proud first, and then there will be times when they cry."

At this time, the media headlines.

[Buffett made $7 billion in stock market surge in two days]

Wu Zhanhai couldn't help but say, "This Buffett is so awesome. He made $7 billion in just two days."

Lu Jianyan also said: "Buffett bought the bottom of the financial stocks, and the bank stocks made money."

Guan Zhenyi took a breath: "In this financial market, everyone is busy cashing out and reducing losses, Buffett is busy making money."

In the last two trading days of last week, global stock markets experienced record surges, and major hedge funds were also busy "very happy" and stepped up cashing out to increase their holdings. Stock God Buffett easily earned $7 billion in this surge.

Affected by the sharp fluctuations in stock markets and commodity prices, hedge funds increased their cash holdings and stopped borrowing long before Lehman Brothers filed for bankruptcy and triggered turmoil in global financial markets.

While hedge funds are busy cashing out, the stock god Buffett can be said to have returned with a full load.

The surge last weekend drove the S&P Financial Index to rise 24%. Although Buffett has not participated in several recent major mergers and acquisitions, his leader Berkshire Hathaway may earn as much as $7 billion in two days with six major investments in the banking and financial services industry.

Among them, the stock price of Wells Fargo, which it invested, soared!

At the same time, with its holdings of American Express, Coca-Cola, United Bank Berkshire Hathaway, also made huge profits.

In addition, Berkshire Hathaway announced that its Sino-US Energy Holdings company acquired Xingpai Energy Group for $4.7 billion, and the company's stock price fell by more than 50% last week.

Berkshire Hathaway's share price rose more than 14% in U.S. stock trading last Friday.

Huang Shaokai couldn't help but say, "This old guy is really amazing, you can make a lot of money by taking action!"

Zhang Dexi also said: "It's a big deal, a $4.7 billion acquisition case!"

Wu Zhankun also said: "This Buffett is really sophisticated."

At this time, Wang Guanxi said: "Buffett's Berkshire Hathaway holds a lot of Wells Fargo stocks. After Blackshirt Insurance Company shorts American International Group, it will short Wells Fargo.

If possible, borrow Wells Fargo shares from Buffett's Berkshire Hathaway!"

Bai Weiqiang asked in confusion: "Boss, Buffett looks at Wells Fargo's stocks very well-known and has never reduced their holdings. Do we really want to short Wells Fargo?"

Wells Fargo is also a giant bank. It is profitable all year round and has a high return on investment. This large bank is a very stable bank in the United States, with assets currently exceeding US$622.2 billion.

Wang Juehao also asked: "Boss, Wells Fargo's stock price is very strong. This financial crisis has not had much impact on it."

Wells Fargo's stock price is very strong. Since July 2008, the stock price has been rising, from $20 per share, and now it has risen to $44.67 per share.

The stock prices of other banks and financial institutions are all falling, but the stock prices of Wells Fargo are rising. Do you think it’s awesome?

Wang Guanxi smiled mysteriously and said, "Don't worry, short, go and prepare first, contact those institutions who are willing to borrow Wells Fargo's stock. After the Blackshirt Insurance Company shorted the American International Group, we will mobilize funds to short Wells Fargo immediately!"

"Buffett is bullish on Wells Fargo, we just want to short it!"

Wells Fargo is really awesome. It has become bigger in the financial crisis and swallowed up American Bank in one breath, and its asset size has directly reached US$1309.6 billion!

In 2008, it was directly worth US$1.3 trillion in asset size!

In the future, its market value will rank 8th in the world's most valuable company, surpassing Huaxia Universe and ICBC.

But Wang Guanxi still wants to short Wells Fargo!

"Yes, boss" the maids still puzzled.

Wang Guanxi smiled faintly: "You will know then."

Wells Fargo is indeed fine, but the American Bank it acquired has a big problem. After the American Bank was acquired, the American Bank lost tens of billions of dollars. Can it not drag Wells Fargo?

He plans to short Wells Fargo first, and then buy Wells Fargo at the bottom!

You can definitely make a lot of money.

At night, big news came again.

[The US $700 billion financial rescue plan is released]

U.S. Treasury Secretary Paulson announced on Friday that it plans to quickly formulate a large-scale government bailout program to receive bad mortgage assets from financial institutions. This plan, implemented along with other measures, will promote the U.S. government to accelerate the pace of purchasing mortgage-backed securities.

The U.S. government has submitted the financial rescue plan to Congress, with a total amount of $700 billion, which is the largest financial rescue plan in the United States since the Great Depression in the 1930s.

The huge financial rescue plan submitted by the US Treasury Department costs $700 billion, with a unit of $50 billion, and is expected to operate for at least two years and will be under the responsibility of the Treasury Department.

To raise this unprecedented astronomical funding, the U.S. Congress will raise the upper limit of government debt from $1600 billion to $1130 billion.

This is the largest intervention by the U.S. government in financial markets since the Great Depression in the 1920s.

Wall Street Journal: The draft of the Bush administration's financial market emergency rescue plan has been sent to Congress.

The White House: It is always better to save the financial market and put taxpayers in a burden than to let the financial crisis worsen, causing a large amount of unemployment and depreciating pensions.

Although this plan requires a lot of taxpayer money, the ultimate price this proactive approach brings to millions of American families is far lower than other programs.

If proactive measures are not taken, the US financial market will continue to bear huge risks, which will only cause a large number of jobs to be unemployed, pension depreciation, property prices depreciation, newly approved mortgages, car loans and university tuition loan resources to dry up.

Previously, global central banks rescued $250 billion in markets, but it was not enough and far from solving this crisis.

Huang Shaokai asked: "Through the plan, the stock market will soar."

Wang Guanxi smiled and said: "In fact, this financial rescue plan with a total amount of US$700 billion may not help some banks get out of the predicament. Those who should go bankrupt will still go bankrupt."

Then Wang Guanxi continued to analyze: "In fact, whether the rescue plan can be effective depends on the actual price paid by the government when purchasing bank non-performing assets. According to the advice of US Treasury Secretary Paulson, financial institutions will make quotations on the assets they hold such as mortgage-backed securities (mbs), and the government will choose the lowest quotation for acquisition.

In this case, if the government acquisition price is too low, it means that banks have to sell non-performing assets at a large discount and record huge losses on their balance sheets, which could further deteriorate the already fragile financial situation of the bank."

Wu Zhankun couldn't help saying: "Boss, if the assumption you said becomes reality, then more banks will go bankrupt. Washington Mutual Bank will definitely die, and even American Bank will die!"

Wang Guanxi nodded and said, "In fact, the aid plan may lead to another consequence during the implementation of the process, that is, if the government's acquisition price of bank mbs and other assets is too low, according to the current principle of "price by market price" in the financial industry, that is, calculating the current value based on the market value of the securities rather than the book value, all financial institutions holding relevant securities assets have to write down assets.

If the government acquires bank non-performing assets at a higher price, there may be huge losses when selling these assets in the future, which means that the majority of taxpayers will pay for this financial rescue!”

Everyone took a deep breath when they heard this.

Wang Guanxi couldn't help but say: "In fact, the US Century Financial Crisis is on the verge of losing control, which makes the authorities exhausted. He saved the two houses and then rescued Aig, and had to deal with the difficulties of Lehman's bankruptcy and other financial institutions. He then had a doomsday national salvation plan, hoping to use huge funds to divest bad assets and unblock the credit tightening in one fell swoop."

"However, after the plan is approved by Congress, it will become the largest rescue operation of the U.S. government since the Great Depression in the 1930s.

The effectiveness of the program and its impact are extremely important to the world.”

The plan requires Congress to authorize the rescue matters, with its core work being to issue $700 billion in Treasury bonds to purchase non-performing assets and sell them after holding them for a period of time in order to maintain financial stability.

Target assets include housing loans, various types of loan-based mortgage securities, and other financial assets agreed with the Federal Reserve.

Such a huge rescue plan will surely have a significant impact!

Wu Zhanhai asked: "Boss, first of all, how effective is the plan? Is it really effective to bring about a resurrection?"

Li Guangyu also said: "The amount of these 700 billion seems to be quite large, but it is still slightly less than the market for nearly one trillion times."

Wu Hongsheng also said: "What's more, there are more than one trillion yuan alt-a loan market, hundreds of billion yuan commercial property market, about six hundred billion yuan asset mortgage commercial paper market, and ten trillion yuan derivatives market. This 700 billion US dollars is really not enough."

Lu Jianyan also said: "This mere 700 billion must be used at the critical moment to achieve a huge stable market leverage effect."

Guan Zhenyi also said: "Actually, I think there is another flaw. After rescuing the market and divesting non-performing assets, the problem may not be solved, and may deepen the problem or cause new problems. Divide-up will lead to loss realization, which will bring about "capital holes" (capital                                                                                                                                                                                                                      

But there is no guarantee that there will be enough private capital injection, so the government may need to exchange capital for equity.
To be continued...