v3 Chapter 1328： Forex and stock market double kills

Latest website: Thanks to Xia Yu's unremitting efforts, the crisis of the Bank of Illinois on the mainland continued to spread and reached despair at a faster rate.

Even if I got a loan of 4.5 billion U.S. dollars from 16 banks, I got 580 million U.S. dollars from Wells Fargo because of the sale of assets.

But on June 4, the capital chain of the Mainland Bank of Illinois was on the verge of interruption.

The Financial Institution Management Agency, in conjunction with a third-party accounting company, rectified the finances and assets of the Mainland Bank of Illinois and found that the Bank of Illinois in Mainland China had up to 4.5 billion U.S. dollars in non-performing loans.

This is an appalling amount!

Even John Chris Morgan, who had been planning the Continental Bank of Illinois, was dumbfounded, and he was immediately caught in a dilemma.

In the end, he chose to temporarily stop the acquisition of the Mainland Bank of Illinois, and first shed this burden on the Federal Reserve and the US government, and wait until the situation improves later.

No other consortium dared to take over the Continental Bank of Illinois at present, so after urgent consultation, it was decided to appoint the government-owned Federal Deposit Insurance Corporation to come forward.

The Federal Deposit Insurance Corporation bought the US$4.5 billion in non-performing loans from the Bank of Illinois in Mainland China. The discounted price of this large loan was US$3.6 billion, in exchange for the previous US$3.6 billion in debt. .

In addition, the Continental Bank of Illinois issued another one billion US dollars of preferred stock, which was designated to be sold to the Federal Deposit Insurance Corporation. In this way, the Federal Deposit Insurance Corporation will become the absolute majority controlling shareholder of the Continental Bank of Illinois.

In this way, the Continental Bank of Illinois was basically nationalized except for its name.

With the credibility of the U.S. government and the endorsement of the Federal Reserve that can print money towards the back, the Continental Bank of Illinois will definitely not go bankrupt. Customers will definitely feel at ease, and the run-up will naturally be resolved.

Regarding this matter, James McCormick finally chose to agree when he was desperate.

He also had to agree!

Only in this way, the crisis of the McCormick family was exposed to the outermost layer and was about to break out.

The other three major families and the three major banks are equally unlucky.

Whether it is a domestic consortium or a foreign consortium, they have all launched an offensive against the Chicago consortium. The competition is on the surface and they all want to swallow more assets.

First National Bank of Chicago, Harris Trust & Savings Bank, Northern Trust Bank, Sina Financial Company, State Insurance Company, Sears Department Store, United Department Store, Tiffany Jewelry Company, Marshall Field Company, Esmark Company , United Foods Company, International Harvester Company, Deere Company, Caterpillar Tractor Company, Indiana Standard Oil Company, Texaco Oil Company, etc.

These companies 51 are not well-known large companies in various fields in the United States.

For example, the most conspicuous Sears department store, with sales of nearly 40 billion U.S. dollars in 1983, is not only the leading department store in the United States, but also ranked first in the world!

There are also shares of Indiana Standard Oil Company and Texaco Oil Company. These two are the second of the seven oil sisters with sales of tens of billions of dollars, but they were finally snatched by the Chicago consortium.

The Rockefeller consortium absolutely wants to grab it. After all, these two oil companies are the core of the Rockefeller consortium. Now they finally have the opportunity to recover their equity, and David Rockefeller will not miss it.

Caterpillar Tractor Company is also one of the industrial core companies of the Rockefeller Consortium, and the company's equity must also be recovered as much as possible.

Of course, John Chris Morgan, the rival of David Rockefeller, definitely wants to take these shares and further penetrate the Rockefeller consortium.

Fighting is inevitable!

And Xia Yu's goal is also very clear.

There are hundreds of core companies and large companies under the Chicago Consortium. He doesn't want too much. He only needs three companies: Northern Trust Bank, International Harvester Company and Deere Company.

His Polaris Capital Company needs a strong industrial company as its core!

Of course, as long as you take the Northern Trust Bank, one of the four major financial cores of the Chicago Consortium, you will naturally own shares in many companies. This is also one of Xia Yu's first intentions to target Northern Trust Bank.

At the same time, Polaris Capital's equity acquisition of Dun & Bradstreet Group is also in progress.

The outbreak of the mainland Illinois Bank crisis has caused a huge blow to the reputation of Moody's. It has benefited 140 million U.S. dollars from shorting its parent company Dun & Bradstreet Group, which can be used as ammunition for the acquisition of Dun & Bradstreet Group. .

As long as he holds Moody's, Xia Yu can't do whatever he wants in the U.S. financial sector, but at least Polaris Capital's deterrent power will be greatly increased, and the self-protection and counterattack capabilities of its subsidiaries will also be greatly improved.

As for the credibility of Moody's?

Now it has an impact. After a few years, I still do whatever I want.

Since its establishment, has Moody's done little insider trading?

The other two major rating agencies have done no less than Moody's, and they have also exposed scandals, but are they all doing well now?

Time will wash away everything, and people are forgetful...

...

When many consortia surrounded the Chicago consortium.

As time passed, the situation in Canada became more and more chaotic.

The Canadian foreign exchange market has been blown up.

As of June 20, the Canadian dollar to US dollar exchange rate had fallen to around 0.7100 under the bombardment of short positions.

Compared to the peak point before shorting, the decline has exceeded 0.1.

This means that when you open a short position at a high position and enter the market for 100 million US dollars, the profit after delivery will be 10 million US dollars!

It's just that the Canadian dollar/US dollar exchange rate has fallen to this level, and it has almost reached the end, and the rate of decline has been minimized.

There are multiple reasons for this, but the most important reason is that the big shorts have already reaped the Canadian foreign exchange market, and the funds have been transferred to the Canadian stock market and bond market. .

The largest foreign exchange market has been looted ~ www.novelhall.com~ The second largest stock market has become the second target, and the Canadian bond market is the final target.

In the stock market, faced with all-round shorts from shorts, the Toronto 300 Index has plummeted to more than 1,600 points and continues to fall.

This is driving capital to flock to the bond market to preserve value.

But Xia Yu has long been in the Canadian bond market and bought more than $8 billion in bonds at low prices.

After the bond market was pushed to a peak due to the influx of capital, he continued to sell bonds at high levels that were originally low prices.

The financial situation has soured, which has caused a huge impact on all walks of life in Canada. The Canadian people are full of grievances. Under deliberate guidance, the grievances all point to the bankers. The voices of nationalizing the big banks have been louder than ever.

In this situation, the time for the general election is getting closer and closer.

After more than 20 days of hospitalization, Joseph Chretien finally couldn't lie down...