At this moment, Wang Guanxi, in Queens Community, has been replaced and shipped to the packaging.

He got up very early today.

I got up at 6:20.

I'm in a very good mood and want to run.

He bought a bottle of water and ran all the way to Causeway Bay along the corridor of Victoria Harbour.

The global financial tsunami is coming soon. On September 14, US time, that is, today on September 15, Asian time, Lehman Brothers went bankrupt and officially detonated, starting the first wave.

During this period, Wang Guanxi will be very busy. He not only has to operate the Hang Seng Index, but also shorts many American companies, but also is busy acquiring them.

In the following days, the Hang Seng Index will fall by 10,000 points, and he will operate carefully to maximize profits.

Blackshirt Insurance Company shorted Aig, with 5 million shares, worth nearly US$2 billion, and it would make a big profit. Then it continued to short the big American banks because the stocks of large American banks fell first, then soared, and then fell, and it would be a great pleasure to short.

Moreover, Black Shirt Hedge Fund fights the Hong League, Huang League, and Zheng League, shorting stocks worth HK$11.8 billion, and they will make a lot of money when the time comes!

I feel excited when I think about it.

At this time, a big news appeared in the news!

Lehman Brothers declared bankruptcy!

Wang Guanxi sighed: "This will become the largest investment bank bankruptcy case in American history and the prelude to the global financial tsunami!"

"Are you ready?"

A sudden financial tsunami will end the largest rise in housing prices since the founding of the United States.

The fall of Lehman Brothers, one of the five major investment banks, staged a tragic song of the end of the US real estate financial speculator.

And at this moment, New York, USA.

Rennes Smith, an executive manager of Lehman Brothers, came back a little late today, and was covered in cigar smell and was reluctant to get out of the car.

Looking back on everything he had experienced 63 hours ago, he didn't know how to deal with his wife and children who had learned from the TV news that the company had gone bankrupt.

He admitted that he was a little cowardly. When he saw the garage safe, he had the idea of ​​pulling out his gun and committing suicide. His hands trembled and lit the last cigarette in the cigarette box, and he walked up the stairs.

At this time, thunder sounded loudly outside the window, and a gust of wind passed through the central hall, blew up several fallen leaves on the ground, and a staggering middle-aged back flashed faintly.

He was trapped in deep memories.

2008/09/12, 10:08

Rennes Smith has never been as panicked as he is now. When he arrived at the company at 9:30 in the morning, he was still making jokes with the young and beautiful female secretary. As the company's fastest-growing executive manager, he has the qualification to be full of energy.

A year ago, a subprime debt bomb dragged US real estate and Wall Street into the abyss. Since March, Lehman, who bet most of his investments on commercial real estate, has been falling since Bear Stearns acquired by Morgan Bank.

At that time, the resignation of the financial industry was the norm. However, Renn, who sat in the office and was waiting for the bad news of layoffs, unexpectedly gained the appreciation of noble people.

This noble person is Mark Walsh, managing director of Lehman.

Faced with the unprecedented "subprime mortgage crisis" in the United States, Mark Walsh's method is very simple, splitting Lehman's assets related to commercial real estate to list.

The crisis could not have spread to Lehman. Lehman held very few subprime debts and had long been "a hero who cut off his arm" and sold it decisively.

But the crazy rising housing prices made everyone lose their minds. Banks began to lend to customers who did not meet the loan conditions; financial institutions packaged these loans into bonds and financial products and sold them through five major investment banks.

Lehman is no exception.

Although it has not touched subprime bonds much, its funds have crazily held more than $30 billion in commercial real estate and residential properties. Because they used financial leverage to issue short-term bonds to financial institutions during the acquisition, as long as someone shorts them, Lehman's stock will collapse immediately.

In order to clear mines, Lehman formed a secret team and prepared to split the assets and package them into a new company. After thinking about the company's name, it was called rei    global.

Rennes Smith, who often serves commercial real estate clients, was recommended by Mark Walsh to CEO Richard Ford, who was promoted from an ordinary business manager to executive manager of the investment banking department of a new company, managing an investment team of 110 people.

At 10:08, the phone rang on the table. After answering the phone, Renn, who was still flirting with the female secretary, quickly covered his face with clouds.

The phone call was called by the boss.

Lehman Ceo Richard Ford, who has been lobbying the South Korean-Japanese syndicate in the Far East for a while, has just come out of the office of Finance Minister Paulson.

On the phone, the boss told Renne that the plan to split the company might not have the support of the Korean and Japanese banks. However, he had just convinced Finance Minister Paulson that he would come forward that night to bring the big men of Wall Street investment banks together to discuss Lehman's capital injection issues.

The boss assigned a task for Renne and asked him to arrange the cocktail party as soon as possible.

"Ren, you know, this may be our last chance."

2008/09/12

At 20 pm, the Grand Ballroom of the Four Seasons Hotel in Lower Manhattan, New York was brightly lit.

CEO Richard Ford brought Rennes to welcome guests in front of the door. Goldman Sachs, Bank of America, Morgan Stanley, UBS... The heads of major investment banks are all well-dressed, and with Treasury Secretary Paulson and Fed Chairman Bernanke, all the big names who can influence Wall Street are absent.

After the cocktail party began, Richard Ford brought Rennes to greet the big guys. It seemed like chatting and laughing, but in fact it was like bargaining in the free market.

"As long as you spend money, everything is easy to talk about"

"Afraid of breach of contract? If there is any problem, we will repay the first 5 billion yuan."

"Do you think it's expensive? Well, we'll give the price 20%"...

Seeing the big boss waving his tail in front of the heads of major investment banks like a dog biting his bones, Ren couldn't help feeling sad.

You should know that just a year ago, the boss was a star at the Wall Street cocktail party. Now, for a little hope, he almost kneels down.

After getting a bunch of plausible promises, Richard Foulder brought Rennes to Treasury Secretary Paulson and Fed Chairman Bernanke.

"We only have a condition, either a federal funding, or a commitment from the Federal Reserve to our commercial mortgage bonds, so that we can have time to deal with the relevant assets." Richard Ford looked at Paulson's eyes and said word by word.

But Paulson knew very well that such a promise was impossible to give. He could not use taxpayers' money to save Wall Street investment banks. This is the "political correctness" in the current American politics.

"As the plenipotentiary of the president, I will not use taxpayer money to save Lehman." As soon as Paulson finished speaking, Richard Ford's expression changed drastically.

But the other party seemed to have made up his mind. "Although I can't use taxpayers' money to save Lehman, they can." Paulson pointed to the Wall Street boss in the field, "No one wants to leave today, I have to give me an attitude."

2008/09/13

01:30

The business conference room of Four Seasons Hotel was filled with smoke. The Wall Street investment bankers who came to attend the cocktail party were called here by Paulson to have a meeting. No one made any statement. Everyone was waiting for the report issued by the asset accounting team in the next conference room.

Before the reception was over, the boss instructed Rennes to lead a team to work with Goldman Sachs and Credit Suisse joint working group designated by Finance Minister Paulson to calculate the value of the new company.

Next, Rennes spent the most difficult hours of his career. The accountants and lawyers in the accounting team began to review assets one by one and severely "questioned" Rennes. One by one, the merciless questions made Rennes sweat.

At 0:13 am, the accounting team asked the last question. "Mr. Renn, thank you for your cooperation. Now please avoid it. We will do an internal discussion and issue a conclusion report."

At 1:30 a.m., the accounting team opened the door to the conference room. Representatives from Goldman Sachs walked into the senior business conference room where Wall Street bosses gathered and read out the accounting team's report to everyone. "We believe that the assets of more than 30 billion US dollars are actually only worth 65% of the book amount, or even lower."

Before he finished speaking, the big guys were already talking. Richard Ford closed his eyes in despair. Treasury Secretary Paulson glanced at Richard Ford with a complicated expression and left the conference room without saying a word.

2008/09/13

13:17

After leaving the Four Seasons Hotel, Rennes was in a daze all the way, and his heart was filled with fear of the future.

At this time, the phone rang. The big boss called: "Ren, we are saved. Go back to the company quickly. Bank of America is willing to acquire it in the form of partial loans and equity."

Renne felt that God was still standing beside him.

Back at the company, he led the working group to rush to Bank of America to negotiate on the merger and acquisition matters.

When he arrived at Bank of America, it was not yet dawn, and the head of the Investment Department of Bank of America was waiting at the elevator entrance. Seeing this guy, who was called the "financial meat grinder" in the industry, Renn felt a little confident.

What he did not expect was that although it was a verbal battle, the negotiations went very smoothly. At 1:00 p.m., after intense negotiations, the lawyer team of both parties drafted the final acquisition agreement.

At 13:17, the other party received a call and came back to express his regret and terminated the merger and acquisition negotiations.

Renn felt inexplicably and asked why. The other party just smiled bitterly, "You know, Goldman Sachs and Morgan don't want us to merge, and the pressure is too great. Merrill Lynch offered the board of directors that could not be rejected, so we can only choose Merrill Lynch."

After listening to the other party's words, Renne lost all his strength and collapsed in the conference room, unwilling to move a single finger.

2008/09/13

18:00

Rennes didn't know how he returned to the office. When Richard Ford saw Rennes, he was shocked by his pale face and poured Rennes a cup of coffee himself.

"We have another option," he said, looking at Rennes, "accepting a offer from Barclays in the UK, which will acquire our North American business almost $10 billion."

"No, this is equivalent to selling our most cash flow department." Rennes burst into tears in an instant. Richard Ford was extremely calm at this time. "These cash will give the company a half-year buffer. Now we can only bet on the commercial real estate we hold to appreciate within half a year. As long as it appreciates, there is a way."

Richard Ford's words were not spoken to Rennes, but were more about encouraging himself.

At about 18 o'clock, he picked up the phone, found a number and dialed in. "I agree with your acquisition opinion." The other party was silent for a while and said in a low tone: "I personally and the board of directors are inclined to this plan, but in the afternoon we submitted a transaction application to the British Banking Regulatory Authority. Unfortunately, the application was rejected five minutes ago."

"Why?" Richard Ford's voice became strong. "Aren't you ready to acquire it?"

"We are sorry. After the subprime mortgage crisis, the banking regulators believe that investment in Lehman is too risky. I am very sorry."

2008/09/14

09:12

Rennes sat in the office until dawn. When the rising sun shone in through the floor-to-ceiling window, he felt the boundless malice in the world.

With a bang, the office door was knocked open by the secretary. "Mr. Renne, look at the news, my goodness."

Next, the sound of despair spreads like an infectious disease in the office.
To be continued...