At present, Li Bancheng and his son can be said to have betrayed the entire China.
Their industries in mainland China have no possibility of returning to continue to develop.
As long as Li Bancheng and his son are dragged into the quagmire by Lei Man, and the disease comes like a mountain, the father and son's properties in the mainland will inevitably be sold off at a low price.
That's the best time to pick peaches.
Therefore, after rejecting Li Kai, Li Jin not only did not agree to release Lei Man's position, but instead increased his short selling efforts.
The direct impact of this is that the secondary market in the United States is like a landslide, with big waves rolling and the market value falling again and again.
As for this, American investors are almost numb.
Until...a shocking piece of news came out.
"Mr. Li, Leiman Investment Bank has just filed for bankruptcy protection."
The news brought by Jack Chen made Li Jin suddenly get up.
"Bankrupt!? Leiman!?"
Li Jin immediately looked at the transactions in the secondary market, and sure enough... the sky collapsed.
Leiman Investment Bank is one of the four major investment banks in the world. Although it is always at the bottom of the list, it is also one of the four major investment banks in the world.
Its existence itself is of great significance.
The most important thing is that in the secondary market, Leiman Investment Bank, as the largest bull, independently supports the vast majority of the trading volume in the secondary market.
So even though Lei Man was sold to Li Bancheng and his son some time ago, although the Americans were a little dissatisfied, they didn't have any extreme reaction.
The success of this merger and acquisition even brought about a small wave of good news in the financial market.
But now, less than half a month after the merger was completed, the Chinese father and son filed for Leiman bankruptcy.
what does that mean?
If the United States can be compared to a wealthy family, then Lei Man is its fourth daughter with a well-known reputation, but this daughter was ruined by a rough guy like Li Jin.
So, a large family in the United States hired Li Bancheng and his son to take over the business. It was a good thing, but Li Bancheng and his son happily took the business back. Within half a month, they divorced their wife and even took the body away.
He was sent back to his parents' home.
It would be strange for the United States not to fry the pot.
The secondary market is even more explosive.
Li Jin did not expect that the inertia of history still existed and was so powerful.
Just now he was thinking about when Leiman would go bankrupt this time, but Li Bancheng and his son made such a decisive decision.
"When a strong man cuts off his wrist, there is something."
Li Jin murmured.
"Mr. Li, what should we do now?"
"If we don't do anything, the building will collapse, the guests will disperse, and the tea will get cold, we will just watch him collapse."
What does a financial market crash look like?
This famous scene, which ordinary people have never had the opportunity to witness, happened nakedly in front of all financial practitioners around the world today.
The real sky is falling and the earth is falling.
The fall of Lei Man took away the last bit of dignity and room for struggle in the American secondary market. There was no need for Li Jin to continue short selling, and all the funds were fleeing crazily.
In the past, there were still funds that imagined that the U.S. government would continue to bail out the market, and some even imagined that Wall Street capital such as Lei Man would resist Li Jin's Jinqingtian Investment, and then counterattack by buying the bottom, so that the funds they had been holding on to would become rich overnight.
However, the core of Leiman has now declared bankruptcy, which means that the secondary market has been effectively abandoned by US officials.
No matter how optimistic anyone is, they have to admit that the secondary market is finished.
And this is just the storm caused by Leiman's bankruptcy in the secondary market. The bigger problem lies in the outside world.
Leiman, one of the world's top investment banks, has countless businesses around the world.
Once such a global investment bank files for bankruptcy, it will have a certain impact on the international financial situation.
In the eyes of the media, the bankruptcy of Leiman Investment Bank can be entirely attributed to Li Jin alone.
"A Chinese, a Chinese who appeared on the cover of Time Magazine. He personally overthrew the Leiman Empire and made Americans understand that they are not the only ones who can play modern finance."
"Leiman filed for bankruptcy. This century-old company went through ups and downs and eventually fell into the subprime mortgage crisis."
"A deep analysis of the nature of this subprime mortgage crisis from the bankruptcy of Lei Man, what it revealed to us, and what it told us. The lessons learned are something that every country and economic organization in the world must learn deeply."
"The climax of the subprime mortgage crisis has arrived. Leiman has fallen. Who will fall next?"
News media are afraid of chaos and use various eye-catching ways to headline news, but no matter which media they are, the core of their content points to one thing.
The Lei Man is over, what will happen next?
However, the market quickly answered this question.
Leiman Investment Bank filed for bankruptcy, and a total of 23 small and medium-sized banks across the United States jointly declared bankruptcy.
Almost all of these small and medium-sized banks have obtained insurance contracts from Leiman Investment Bank.
The bankruptcy process of a company is very troublesome, let alone a large financial investment bank like Leiman Investment Bank.
Once it enters bankruptcy proceedings, the assets will be liquidated immediately. After the asset liquidation, the debts and assets will be stripped off, and the court with jurisdiction will appoint a bankruptcy liquidation executor for the company.
But no matter what, even if the company goes bankrupt, some previous debts still need to be paid off.
Therefore, these small and medium-sized banks began to go bankrupt in a concentrated manner in order to meet the requirements and apply for compensation from Leiman.
However, the biggest problem is that these small and medium-sized banks have formed a chain of bankruptcies. What will the public think when they see it?
The bank has gone bankrupt, what should I do with the money I have in the bank?
As a result, distrust of banks began to become rampant across the federal United States, and many people lined up in front of banks, wanting to withdraw their savings.
Banks rely on the deposits of depositors to invest and make profits. Once a run occurs, people will take the money away. If the bank has no money, it will be a waste.
No one expected that Leiman's bankruptcy would have such a big impact.
This directly caused all banks in the United States to fall into huge pressure to repay their savings deposits.
In response to this, the Federal Reserve and the Central Bank finally couldn't sit still.