I looked at the time and it was 9:50 pm.

The stock of Washington Mutual Bank has become a waste paper.

Tonight has led to a decline in bank stocks in the United States!

Huang Shaokai couldn't help but sigh: "Tonight, all US bank stocks fell."

Wang Guanxi smiled and said, "That's natural, and it will fall even harder in the future."

This time, with the US government's $700 billion financial aid program blocked in Congress and the collapse of Washington Mutual Bank, the largest savings bank in the United States, investors are worried that if the government's consultations with Congress on large-scale aid programs fail, the tightening situation in the credit market will further worsen, and losses in the banking industry's subprime mortgage loans and other loan businesses will further expand.

The sudden collapse of Washington Mutual Bank has made the U.S. banking industry worse.

Under the fog, the fourth largest bank in the United States, the share price of United Bank, plummeted 27%, closing at $10 per share. The share price of National City Bank also fell 25.6%, falling to $3.71 per share.

Currently, although American Bank and National Urban Bank still have some profitable businesses, investors are more concerned about loopholes in their housing mortgage-related businesses.

For American Bank, investors are most worried about their adjustable interest rate housing mortgages worth about $122 billion.

The bank's CEO Robert Steele described the loan as being tricky.

In early August, the bank's filings with the SEC showed that the bank had raised its second-quarter losses to $9.11 billion as the real estate market continued to deteriorate.

Recently, American Bank is in preliminary negotiations with Citigroup, Spanish International Bank and Wells Fargo on the merger.

At the same time, National City Bank of America is trying its best to reduce the scale of its related loan portfolios such as secondary loans, housing construction loans, etc. Currently, this part of the loans account for about 15% of the bank's total loans. Previously, due to the subprime mortgage crisis, the bank had announced a layoff plan.

Wall Street Journal: Bank of America has collapsed a dozen this year

Currently, 13 banks in the United States have gone bankrupt.

Everyone couldn't help but wonder which bank will go bankrupt next?

Unexpectedly, United Bank and National City Bank.

Tonight, many short sellers went to short the United Bank and National City Bank.

Of course, basically most bank stocks are shorted.

Bank of America fell 7%.

Wells Fargo fell 3%

Citibank fell 1.6%, to $180.00 per share, and Wang Guanxi's No. 2 Fund shorted 5 million shares, with a position building position of $213 per share, with a floating profit of $165 million.

The share price of American International Group fell from $39 per share to $35, a drop of 10.29%. Blackshirt Insurance Company shorted 5 million shares, with a position of $388 per share, with a floating profit of $1.765 billion.

Zhang Dexi said: "Tonight, the share price of American International Group fell to $35 per share, so Indians are probably becoming more and more afraid."

Wu Zhankun also said: "Why didn't this Indian call tonight to lick the negotiations?"

Hong Tianwen, who had formed a financial group before, called to lick and negotiate, but was rejected.

Wang Juehao said with a smile: "I think Indians are too soon and can't stand it anymore."

Bai Weiqiang also smiled and said, "Yes, the market is filled with panic now. Now the $700 billion rescue plan has encountered resistance again, and it may be difficult to give birth."

At this time, the stock market began to rebound!

Because the $700 billion rescue plan is under fierce negotiations, it is really expected to pass!

Bank stocks and financial stocks have rebounded in full swing!

Citibank, Bank of America, American Bank, Wells Fargo, National City Bank, China Merchants Bank, Silicon Valley Bank, Huntington Bank, Goldman Sachs Bank, Morgan Stanley, HSBC Bank, Royal Bank of Canada and Morgan Bank all soared, even the stock price of American International Group is no exception!

It rose directly for 1 hour!

It's arousing!

Stock market reversal!

Wang Guanxi's No. 2 Fund shorted Citibank and Heishan Insurance Company shorted Aig Group, and there was less profit on the books.

Just when everyone thought the US stock market was going to continue to have a carnival, a sudden news came.

[US Treasury Secretary Paulson begged the female speaker of the House of Representatives to support the $700 billion rescue plan]

Because the $700 billion rescue plan is under fierce negotiations!

US Treasury Secretary Paulson also joined the negotiations, which lasted until 11:30 pm. The focus of the debate was that the rescue plan would cost a lot of taxpayer money and federal intervention in private business.

After a fierce quarrel, the negotiations ended.

In Roosevelt Hall, U.S. Treasury Secretary Paulson knelt on one knee in front of House Speaker Pelosi, hoping that she would not revoke her support for the bill.

Pelosi said: "I didn't know you were a Catholic. What I want to tell you is that it's not me, but the Republicans are blocking the financial rescue program."

Paulson sighed, "I know, I know."

Then the U.S. stock market fell again.

The stock market reverses for the second time tonight!

All bank stocks and financial stocks turned around and plummeted quickly!

Citibank's share price turned from $198 per share to $180 per share.

Aig Group's stock price has turned from US$45 to US$30.

American Bank's stock price fell below $10 per share and fell to $8 US stocks.

National City Bank fell below $3.50 per share!

····

The US stock market has reversed twice tonight, and I don’t know how many retail investors have been killed.

"What's going on?"

"Cao, my account has changed from floating profits to floating losses again."

"Can this $700 billion rescue plan be passed?"

"Oh, this is really twists and turns"

“When will it be passed?”

"Will it be put on hold all the time?"

"Grass, the stock market will continue to collapse, my money!"

···

At the headquarters of Black Shirt Investment Bank, everyone's mood was like a roller coaster.

At this time, Huang Shao's phone rang. He took it over and found that it was called by Sandep Batra, president of the Asia-Pacific of India Industrial Trust Investment Bank.

He couldn't help laughing: "Haha, this Indian can't stand it anymore, he must be here to negotiate with us."

When the stock market plummeted, Indians did not call for negotiations because the $700 billion bailout plan was being negotiated fiercely. Everyone was waiting for the result. The negotiations failed. The stock market reversed again and turned around and plummeted. Indians couldn't help but come to negotiate.

Zhang Dexi smiled and said, "This Indian is so cheap!"

Wang Juehao also said: "It's paralyzed. If they called to negotiate before, or the price of $38 per share, everyone could negotiate."

Bai Weiqiang also smiled and said, "Now the share price of aig Group has fallen to US$30.00 per share. Now we are here to negotiate. It is estimated that we will agree to the settlement price of US$20 per share, haha."

Wang Guanxi smiled and said, "Let's connect and see what the Indians want to talk about!"

"Yes, boss" Huang Shaokai answered Sandep Batra's phone call. As an old actor, Huang Shaokai asked directly: "Dear Mr. Sandep Batra, what's the matter if you call so late?"

On the phone, Sandep Batra heard Huang Shaokai's stingy words and immediately got goose bumps, secretly scolding this guy for being shameless and eating things that don't spit bones. Then he said, "Mr. Huang, we hope to have a good talk with you about the aig group."

Huang Shaokai asked, "Speak, let's listen."

Then Huang Shaokai turned on the amplification of his phone.

On the phone, Sandp Batra said: "Mr. Huang, how is our US $30 stock price settlement?"

Now Sandep Batra regrets it. He had negotiated once before. At that time, he said that the settlement of $50 per share was not agreed, and neither he nor Nehru nor Ratan Tata agreed. Now the settlement of $30 per share in TM is really frustrating.

At this time, Wang Guanxi stretched out two fingers, so Huang Shao said: "Mr. Ratan Tata, settled $20 per share!"

Sandep Batra was furious and cursed the black shirt insurance company in his heart, but he said in a tone of kneeling and licking, "Mr. Huang, the settlement price of $30 per share is now very suitable. Your black shirt insurance company has made so much money, so don't care about the difference of $10, right?"

"Our Indian Industrial Trust Investment Bank, Indian Pension, and Tata Consortium have been in great difficulty recently, so you should act like a kind heart."

"May the Buddha bless you and may you have a compassionate heart"

Blackshirt Insurance Company shorted 5 million shares of Aig Group's shares, with a difference of $10, which is $50 million!

However, if the kneeling licking on his mouth can earn 50 million US dollars, he is still willing to do it and let the black shirt insurance company repay it ten times the time!

The Indians licked like this, which made the executive directors of Blackshirt Insurance Company happy.

Wang Guanxi didn't expect that Sandep Batra would be so humble and paralyzed!

When eating beef brisket noodles at the beef brisket restaurant that day, Sandep Batra took out 50,000 Hong Kong dollars and smashed it on Wang Guanxi's table, asking Wang Guanxi to go out to eat. That pretending, awesome, boom, now TM's is like a grandson!

Zhang Dexi, Wu Zhankun, Wang Juehao, Bai Weiqiang, Huang Shaokai and others also looked at the boss and waited for the boss to make a decision.

Wang Guanxi thought of the plot of being pretended to be Sandep Batra when he was in a beef brisket noodle shop. Although Wang Guanxi used money to smash him, splashed him with beef brisket noodles, and also a lengthened bulletproof car from the Rolls-Royce head of state, this is a difference of $50 million. You can't give $50 million to Indians, so continue to use money to show off?

So Wang Guanxi said, "Just $20 per share, give them two days to consider."
To be continued...