On March 16, 2008, in order to prevent the financial market from a catastrophic collapse, Bear Stearns, one of the five major Wall Street giants, sold itself to Bank of America Williams at a "jump price" of $2 per share, with a total purchase price of $30 billion!
For this merger, many media have described it as "marriage at gunpoint", which means that Bear Stearns, though helpless, suffered from a shortage of funds and finally committed himself to Bank of America Williams. Because Bear Stearns and other financial institutions are inextricably linked, once it goes bankrupt, it will cause an unexpected blow to the entire financial system.
Williamsbank of America naturally picked up a big bargain. At present, the only bank that can finance the acquisition of Bear Stearns is williamsbank of America.
The outbreak of the subprime mortgage crisis led to the global economic downturn. Originally, the Mars alliance planned to build 25 Mars ships in 2007, but in the middle of the process, it had to stop. The US housing bubble burst and the global real estate market also declined, and the market was low spirited. Many Real Estate Company assets had shrunk. At this time, many banks have suffered huge losses because of their participation in the investment of subprime bonds. How dare they borrow from enterprises?
The failure of banks has led to the bankruptcy of many companies, such as real estate companies, foreign trade companies, financial institutions and so on. At present, the economy is very sluggish, and the demand for oil has dropped by a large margin. The big oil countries in the Middle East have been greatly affected. The World Island project in Dubai has been shut down because the developers have run out of money.
"Dubai World Island" project has become the biggest uncompleted building of this century.
"Digo World Island" is still developing rapidly with the strong financial support of Williams empire.
From now on, I'm afraid there will only be one world island on earth!
Compared with the countries joining the "Wei Yuan" system, those African countries on the side of the United States are not optimistic about their current situation.
Henry felt the time had come to woo African countries.
On April 1, Henry extended an invitation to all African countries to gather in Digo to discuss solutions to the African financial crisis.
With the status and influence of the Williams Empire today, coupled with its strong financial and national strength, African leaders have agreed one after another and are eager to get financial assistance from the Williams empire!
On April 4, the leaders of 53 African countries and six regions all came together.
On April 5, Henry held a meeting of African leaders at the Williams Empire State building.
"First of all, welcome to the Williams empire! At present, the U.S. financial crisis has spread to the world, and Africa is hard to be alone. I know that many countries here have suffered a lot in this financial crisis. For example, several countries in North Africa, such as Egypt, Libya, Sudan, TNS and so on, but there are also some countries that have been only slightly affected by the crisis, such as Mozambique, tsny, Zimbabwe and so on. In fact, if you pay close attention, it is not difficult to find that those countries that are less affected by the financial crisis are all countries that have joined the Weiyuan system. "
When Henry said this, he stopped deliberately and scanned the crowd with his eyes fixed.
Leaders of some countries looked at each other, or whispered. Is it an ordinary person to be the leader of a country? Don't you understand what Henry meant by that? Henry always hoped that more countries would join the "Wei Yuan" system. However, some countries threw themselves into the arms of the United States and were willing to be the pawn of the United States to curb the development of Williams empire
After a minute or two of discussion, Henry said, "I think you all understand the current financial situation in the United States and the European Union. They can't protect themselves. I'm afraid they won't think of you at all! If you expect the United States and the European Union to come up with money to help you tide over the difficulties, then I can only say that this is absolutely fantastic! " Henry's tone was firm and disdainful. He stopped for a moment, and then continued, "according to the estimation of Williams Royal Investment Company, the financial crisis has not reached the most serious time. American investment companies, securities companies and banks will face the threat of bankruptcy, and the financial crisis will further worsen! Africa will also continue to be affected by the financial crisis, and the shortest time will be until the end of next year! "
As soon as Henry's words were finished, there was an uproar.
"It's impossible. The financial crisis started in 2007. It can't last until 2009. It's not over yet!"
"The United States, Asian and European countries are rescuing the market. Now the subprime mortgage crisis has eased for a time, and the New York stock market is showing signs of stabilization!"
"Yes, in my opinion, the subprime mortgage crisis will soon be over!"
Some people shake their heads and discuss, obviously don't agree with Henry's point of view.
Henry has always had a unique vision in the financial market. His reputation as a genius is not a wave of fame. Some people still believe his words.
At this time, Henry raised his hand, motioned to everyone not to discuss, and said with a smile: "ha ha... I know that some people may think that I am alarmist. Of course, I also hope that I am alarmist. After all, the financial crisis is not good for any country. But what should I do if what I say becomes a reality? Can countries bear the blow of the three-year financial crisis? Will the United States and European countries spare no effort to help you? I don't think it's necessary for me to say that everyone knows it! "
After a pause, Henry said frankly, "I'll tell you straight from here. Now, only the Williams empire can help you. For countries willing to join the Weiyuan system, the Williams empire can provide a huge loan to help them tide over the financial crisis. At the same time, it can strengthen trade exchanges between Weiyuan system countries, revitalize their economies, and reduce their dependence on exports to the United States, Europe and Asia! You can rely on the Williams empire! "
When Henry said the last sentence, he yelled out, and the voice even echoed in the hall, which was very enlightening!
Many national leaders were shocked and could not help repeating what Henry had just said.
Seeing this, Henry knew that some people were excited and said, "in a week's time, we will hold another meeting here. I hope that all countries can give me a positive reply! OK, we have nothing to say in today's meeting. Let's call it a day! "
After that, Henry looked at everyone and saw that there was no one to speak, so he stood up first and announced the end of the meeting!