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Chapter 157: The Great Crash of the Stock Market(1/2)

After Lin Yi finished speaking, he left the live broadcast camera.

But the outside world was noisy.

What Lin Yi said was related to the vital interests of too many people. Someone immediately called Bernard Madoff, hoping that he would talk about it.

Bernard Madoff, who was on vacation at his country manor at the moment, also saw Lin Yi's live broadcast. After all, such a big thing has affected New York and even the entire United States. How could he not pay attention.

But when I saw Lin Yi exposing himself.

Bernard Madoff turned pale.

There was only one thought in his mind.

finished,

I'm afraid it's really over now.

He knows what he is doing best. Although he is known as the God of Investment, his investment ability is really limited and far inferior to his ability to deceive people.

So he simply used his greatest strengths to first deceive himself into a celebrity, and then deceived the whole world.

Lin Yi was right. He was now worried about how to pay the interest rate next year. He was hiding in the countryside just to think about it carefully.

certainly,

He is relatively confident in coping with the situation.

He targeted several banks and prepared to find a project for them to finance.

In fact, the real breakdown of Madoff was due to the financial crisis in 2008. When the financial crisis broke out, customers withdrew money, and many people requested to pay out funds, amounting to more than 10 billion. And all at the same time, Madoff was completely exposed.

And now,

His scam was exposed by Lin Yi, just as suddenly and equally unable to be solved.

"Ring ring ring~!"

His phone suddenly rang.

Madoff looked at the number and knew it was the head of a large investment institution. They had 600 million in investment in him.

Bravely pick up the phone,

"Bernard, did you watch the live broadcast of the kidnapping in New York?"

"Look, it's a very interesting robber. You won't believe his nonsense, will you?" Bernard Madoff said with a smile, pretending not to care.

"Madoff, we used to trust you, but I just read the information released by Lin and found that there is no trace of your operating funds in the world. This is very abnormal. As an investor, I need you to explain to me exactly where the funds have been used."

Where, what is the income, if you can’t tell clearly, our board of directors’ decision is to recover that investment.” said the other end of the phone.

Madoff was speechless when asked.

Just make up a random project?

There may be projects with billions or tens of billions of funds in operation, but none of them are mega-projects that attract people's attention, and none of them are so easy to pull off lies.

"Ring ring ring~~!"

Just after hanging up the phone, the second call came again.

"Madoff, we think you should stand up and hold a press conference to refute Lin's remarks. By the way, announce the investment situation and tell everyone that you are not creating a Ponzi scheme."

Although it seemed to be comforting, the underlying meaning was that Madoff should announce his investment status.

...

Lin Yi was only responsible for igniting the fire. He finished posting the message and left. There was still only one electromagnetic bomb left in the live broadcast room, shining with a weak signal light.

Bernard Madoff became the most concerned person among the American people. Countless people called him, but found that his phone line was always busy.

The large institutions that once participated in investment are still able to remain calm, but individual investors are extremely nervous.

If it is true, as 'Lin' said, that Madoff had no money at all and was just tearing down the east wall to pay for the west wall, then their principal would be ruined. This money is not a small amount. A single investment of 10 million, and often

Many people did not just invest in one investment. Most of their net worth was invested in Madoff's securities investment company.

Buffett, the stock god who is as famous as Madoff, also invested more than 300 million US dollars in Madoff's securities company. The old man called Madoff, but he still couldn't get through.

No one knows whether it was because there were too many people calling or because they weren't answering the phone.

Madoff's country estate.

Madoff was sitting on a bench, staring blankly ahead. His cell phone was on the table, and his phone card had been pulled out and put aside.

[To be honest, I have been using Yeguo to read and catch up on books recently. I can switch sources and read aloud with many sounds. www. Android and Apple are available.]

Answer the phone now,

It's completely meaningless.

What can be said?

What Lin said is indeed true. He really has no money in his hands now, only more than 200 million US dollars in total.

More than 200 million US dollars is an astronomical sum to ordinary people, but to him, it is only a fraction of the profit he needs to pay.

before,

He worked hard to create a persona. With his reputation as a Wall Street financial tycoon, former chairman of Nasdaq, boss of a securities company, and god of investment, many banks and fund companies were willing to invest in him, and he was able to borrow money from banks.

But now,

Damn 'Lin' exposed him. Before he proves himself, no one will invest or lend him money.

Unless he can generate $62 billion himself.

But he can't change it,

So he knew he was going to die.

what to do?

what to do?

He just thinks about what to do now?

suicide?

I'm afraid it can't extinguish the anger of those people. They will definitely spread the fire on their own family. He has two sons and several grandchildren.

He knew what those people would do. He knew it completely because he was in this circle himself. Even if it was to warn others, those people would take action.

He took out another mobile phone and called his eldest son. As soon as the call was connected, his son's anxious voice could be heard.

"Dad, the company is receiving a lot of calls from investors right now. The situation is very unstable. We need you to stand up and explain and tell those investors that this is just a lie by the terrorists."

Madoff paused when he heard his son's words.

"No, what 'Lin' said is true. Mark, I really have no money in my hand. Now that it has been exposed, the funds have collapsed, and I can no longer proceed at all," Madoff said.

When Madoff's eldest son Mark heard his father's words, he was stunned as if he was struck by lightning.

real,

Turns out the Ponzi scheme is real.

Then their family,

It's going to be over.

"Then, what should our company do?" Mark asked nervously.

"Mark, now you are no longer thinking about the company, but how to protect the safety of your family. I have an idea. You and Andrew will report me together, so that you two can be taken out." Madoff did not agree.

He lacks the courage of a strong man to cut off his wrist.

Mark was stunned by his father's words.

Report your father!

Oh my god,

This is crazy.

"Mark, you have to do it, because this may be the only way to save your lives." Madoff said.

...

Lin Yi's second live broadcast once again caused shock, and this time it was Wall Street, because there were hundreds of companies involved with Madoff, dozens of major banks, hundreds of fund companies, and countless securities investment companies.

.

before,

They are all proud to have invested in Madoff Securities.

Now,

Everyone became frightened.

The stock prices of all companies that have invested in Madoff Securities are all showing a downward trend. Risk aversion is one of the important reasons that affects stock prices, and the stock market is the most sensitive. Although this news has not been 100% confirmed, it has already had a reaction.

.

influenced by.

The three major U.S. stock indexes accelerated their decline.

Stock markets in other countries continued to decline.

After all, many foreign financial companies invested in Madoff Securities, and they were all implicated.

It was 4pm in the blink of an eye.
To be continued...
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