Chapter 1790

With the deterioration of the global economy and the continuous depreciation of the US dollar, the downward trend of the US stock market is still unstoppable. Although it seems that the daily decline is not big, just a little over 0%, but it can't help falling every day.

In particular, almost all financial enterprises led the decline. Several major commercial banks in the United States, financial investment companies, share prices simply can not pull up.

Although the U.S. government axe, the world's major banking institutions are injecting capital, but still unable to save the market.

The more disorderly the market, the more extreme the way those financial investment companies are. There's no way. We've lost too much money. If we don't adopt some extreme investment methods, we won't be able to turn over.

It's better to gamble than to be doomed to failure. In case of success, it will not only turn over successfully, but also have a lot of profits.

At this time, in the financial market of the United States, most of the high leverage came from the financial companies of the United States, in order to attract more investment, so that they can make more profits and fill the deficit.

There are more and more junk bonds in the market. Many bonds that used to be worth more than gold have now become a piece of waste paper. Xiaobushi is so worried about it.

And now those candidates are still attacking their d at this time, which makes their d-sent candidates very embarrassed.

But these little busses have no time to pay attention to them. What he wants most now is not to make the situation worse before he leaves office. It's better that after the successor comes to power, the market is completely collapsing, so the responsibility is not his.

If this can be done, the successor may be impeached, which is in their best interest. Anyway, in his opinion, even if the financial market of the United States collapses, no other country can surpass the United States. After all, this is the most mature and advanced financial market in the world, and the United States is the largest country in the world.

Moreover, the financial market of the United States has been hit, and other financial markets are inevitable. Financial markets in both Europe and Asia will be affected in some ways. Basically unaffected financial markets are very closed. And the financial market, which is particularly closed, is not prosperous enough at all.

"Mr. Zong Tong, it seems that we are in great trouble!" The Secretary of state came in to report.

"What is it?" Xiao Bushi now hears a lot of bad news every day, which makes him anxious.

"Two more financial companies have filed for bankruptcy protection, and one has declared bankruptcy directly!"

Sure enough, it's bad news again. In the past six months, he has heard so many similar news. Can't there be some news that makes him happy?

"Large scale? Does it have a serious impact on other financial institutions? "

"The scale is not large, but it has a great impact on the industry. Leiman brothers are the most serious. They lost 2.8 billion US dollars in the first quarter, 4.1 billion US dollars in the second quarter, and are expected to lose more than 8 billion US dollars in the third quarter!"

"There are rumors that Goldman Sachs manipulated the stock price behind the scenes. The bankruptcy of Bear Stearns in the first quarter also had a great relationship with Goldman Sachs, but there is no specific evidence."

"Originally, Barclays Bank intended to buy Rayman brothers, but after verification, at this time, Rayman brothers' cash reserve is less than 100 million US dollars, which is inconceivable for a financial institution of this size. But at this time, the debt of Leiman brothers has exceeded 500 billion US dollars, and they are already insolvent! "

Small cloth ten big surprise, the first two months have not been so serious, how to debt more than 500 billion dollars? This is the fourth largest investment bank in the United States. It used to be famous.

Do you want to double your losses and increase your liabilities? Isn't it true that the government has given so many emergency funds and loans?

What does it mean to be insolvent? Xiao Bushi is very clear that all insolvent companies will eventually go bankrupt.

For the first time since it went public in 1994, Leiman brothers lost money, and then it collapsed. When Mingming was in the fourth quarter of last year, the company was still making profits. Does it mean that their finance had serious problems for a long time, but they had been covered up by financial means?

But it shouldn't be the beginning of the loss, the company can't bear it. How can the company's pressure resistance be so poor?

But think of Bear Stearns, which went bankrupt two months ago, and you may understand.

Last year, the market value of Bear Stearns was close to 20 billion dollars, with unlimited scenery. Two months ago, when Bear Stearns went bankrupt and sold out, it only sold more than two billion dollars, and its assets shrank by more than 95%. The stock price had already fallen below the issue price.

The bankruptcy of Bear Stearns is not only because they hold a large number of collateralized debt bonds, but also because of the financial crisis, a large number of investors cash together, making their cash suddenly become 0!

The cash reserve of a financial institution is 0. How can it go on? So in March, the company's share price dropped from more than $60 to less than $3 in just a few days.

Of course, there is Feng Yu in it, but it's Goldman Sachs that carries the black pot. Who let Feng Yu's investment be the leverage provided by the financial companies of Goldman Sachs?Even though the U.S. government ax provided Bear Stearns with $30 billion in emergency loans, the company failed to resist, and was finally bought by Morgan Datong for more than $200 million.

It's not that the company's real value is just like this, but don't forget that the company still has huge debts. Many financial institutions interested in the company were scared away by the huge debt.

During this period, the financial institutions of the United States continued to go bankrupt. These little busses thought about it, but they never thought that giants like Leiman brothers would also be on the verge of bankruptcy!

"Contact the Bank of America and other institutions immediately, and ask them to contact Leiman brothers. Leiman brothers cannot go bankrupt, which will make the financial market situation worse!" The small cloth is urgent.

Since Barclays has been interested in the Remus brothers, it shows that they still have many valuable assets. What's more, ray man brothers have many big investment companies invested in them. Won't they stretch out their hand at this time?

"It has been contacted. Barclays has not completely abandoned its interest in the acquisition of Rayman brothers. This time, with the participation of the Bank of America, it should be able to revive the dead, right?"

In the afternoon of the same day, the lawyer on behalf of Leiman brothers submitted the documents related to the application for bankruptcy protection.

Xiaobushi is all muddled. Didn't he say that there would be two big banks negotiating to buy it? Didn't he make a prediction on the financial situation in the third quarter? How could he suddenly apply for bankruptcy protection?!

……