Rebirth: Earning hundreds of billions at the beginning, Yang Mi calls godfather

It’s a simple truth.

If you have a large number of mortgage subordinated securities in your hands at this time, as soon as house prices fall, these subprime securities naturally begin to become worthless.

So the panic began.

The securities in your hand today are worth a hundred dollars, tomorrow it may be worth eighty, the day after tomorrow, the day after tomorrow?

Falling house prices became the first domino to be toppled.

So ordinary people of Citiland, who held bonds, ran to banks to exchange bonds.

This is the last thing banks like to see.

Because no matter which bank, its asset side must be illiquid assets, real estate or long-term loans.

The liability side is often highly liquid short-term liabilities, the most typical representative of which is deposit savings.

Now depositors have lost faith in the bank’s subordinated securities.

They frantically find banks to exchange bonds.

What can banks do?

They can only passively take over redemption.

No matter how tall they previously packaged bonds with credit rating agencies and insurance agencies, it didn’t work at this time.

And so, the run began.

First and foremost is Citibank.

Similar scenes are playing out at Citibank branches across Citigroup.

The business hall was packed with customers, clamoring to exchange bonds.

The essence of business is trust.

The prosperity of Citi’s housing market bonds is based on the premise that house prices will always rise.

Now that trust has broken down.

It’s just that Citibank’s problems are particularly serious.

Citibank simply can’t meet everyone’s withdrawal needs.

The impact of the crisis spread rapidly.

Since Citibank did not make effective emergency preparedness before, they are now extremely passive.

Let’s sell long-term assets and recoup funds.

Mortgage bonds are Citibank’s largest long-term asset.

At this time, mortgage bonds have been falling, and they are not worth that much at all.

The point is that no one wants to buy this thing anymore.

Who buys who is stupid.

Citibank is exhausted and exhausted.

Wall Street, Citibank’s headquarters, is holding an emergency strategy meeting.

Everyone’s faces were grim, and there was a haze between their eyebrows.

They knew that Citibank had reached a moment of life and death.

Many people are still confused.

Things are getting worse faster than anyone could have imagined.

No one now treats the housing turmoil as just a minor crisis.

The president of Citibank sat expressionless in the first seat.

He felt a pang of chagrin in his heart, how could this be?

I knew that things would turn out to be so rotten, and I should have sold some bonds to cash out.

Hey, it’s a pity that there is no regret medicine in this world to take.

“Our financial situation has deteriorated dramatically as property prices have fallen and defaults on home mortgage debt have increased.

The investment business is losing money across the board, and the operating pressure is increasing.

The deadliest thing is that some creditors have lost confidence in us and they are demanding divestment. ”

The president of Huaqi was haggard and said weakly: “Help me contact them, I personally lobbied them to stop the withdrawal.”

In addition, immediately stop the redemption of our three hedge funds. ”

“But…”

“No, but now it’s time to survive with a broken arm.”

Go to the West Heaven and invite Buddha!

The president of Citibank also failed to bring back creditors.

Citibank has gradually lost liquidity support, and its ability to raise funds has become worse and worse.

The share price fell from $27 per share to 99 cents per share.

In the end, the mighty Citibank thundered.

In desperation, Citibank could only try to seek assistance from the Citibank Fed and the Citigroup Treasury Department.

As soon as the news came out, the whole Citi country was shocked, and all sectors of society were in an uproar.

That’s Citibank!

The largest bank in the universe, the face of Wall Street.

Now the invincible Citibank has fallen.

This was the beginning of Citibank’s downhill journey.

The major banks are dead foxes.

Even Citibank could not hold on, and could only turn to the government, can we withstand it?

Citi Fed President Greens gave an interview to the media and officially admitted that there is a huge crisis hidden in the real estate market.

We will have a cold winter.

These are Greens’ exact words.

Before that, there were actually some people who were lucky.

After this, there were no such people again.

The crisis was endorsed by public authority and officially recognized by Citistate.

The current button is bleak as far as the eye can see.

In this case, however, two people laughed especially happily.

Jiang Liu and John Paulson.

The two teamed up to short Citibank and made huge profits.

With the blessing of leverage, the return rate of shorting Citibank this time is as high as 500%!

The $600 million invested by Jiangliu has now become $3.6 billion.

His wave of crazy three billion US dollars, equivalent to more than 20 billion soft sister coins!

As soon as the news came out, Niu Yao was in an uproar.

“God~!”

“Jiang really succeeded in shorting Citibank.”

“He’s not a madman, he’s a genius!”

“We underestimated him before.”

“It’s crazy to short Citibank’s three billion!”

“Who would have thought that the invincible Citibank would actually fall.”

“Jiang won this game of disparity in strength.”

“This young man from China has accomplished a remarkable achievement.”

“How many years have someone successfully shorted Citibank, and he is still a twenty-four-year-old young man.”

“This young man is even a Chinese.

Hua Guo is really a hidden dragon and crouching tiger, which cannot be underestimated. ”

“A wave made three billion, envy.”

“This young man is as strong as a lion.”

“Courage, vision, means, tenacity…

I have seen in him the qualities of countless top traders. ”

“Unbelievably, he’s a twenty-four-year-old man.”

“Strongly shorting Citibank and making a profit of three billion, is this really the work of a twenty-four-year-old young man?”

“I have a clearer understanding of the word supergenius.

Jiang is undoubtedly a super genius. ”

……

Citi State media rushed to cover it.

Soon, all of Citi knew that a young man from China had shorted Citibank.

The river became famous in Citicountry.

Last time it was infamy, this time there is a lot of praise and admiration.

Source Capital.

Pete’s gaze as he looked at the river was full of fanaticism.

He is now completely impressed by the river.

“Jiang, I’m completely convinced.

It turns out that you have thought deeply to the point of this.

No one has dared to do anything to Citibank for a long time.

Not only did you do it, but you succeeded.

Wall Street must have a place for you.”

Jiang Liu smiled.

“I guess the people of Niuyo shouldn’t be calling me stupid behind my back now, right?”

“How dare they?

You are the real Gatsby!

Jiang, what do we do next? ”

Jiang Liu’s answer was only one word.

“Wait!”

and other real estate market full collapse, subprime mortgage crisis full outbreak, escalating into a financial crisis, and then on the street to collect assets.

CDO and CDS are two long lines.

If the two long-term gains add up to not $20 billion, I don’t quite agree.

I came to Citi for only three things.

Make hay! (Read violent novels, just go to Feilu Fiction Network!) ）

Make hay!

Or fucking make money!

Where is Citibank going to short Citibank?

It’s just a spice in my shorting of the subprime mortgage crisis, and it’s just a matter of convenience.

The real money is still to come!

After Pete left, Scarlett rushed in with an excited look, threw herself into Jiang Liu’s arms and gave a French kiss.

She can only vent her inner excitement in this way now.

Five times the profit, the river brought her five times the profit.

That’s five million.

This is a huge amount of money for Scarlett at this stage.

She was sincerely grateful.

Jiang Liu’s big hand subconsciously began to swim away, and Scarlett’s breathing became rapid.

However, Jiang Liu soon realized that this was the office of Yuanliu Capital, not his home.

“Hey, hey, it’s not convenient here.”

Scarlett also removed Jiang Liu’s tie and hung it outside the doorknob of the office.

Do not disturb!

Having done all this, Scarlett returned to the battlefield.

……

On the other hand, after Ao Mei learned that Jiang Liu had successfully shorted Citibank and grabbed three billion, the whole person was stunned.

Three billion!

Ao Mei let out a sigh that almost groaned.

“Three billion!”

“I really underestimated Jiang.”

“He really managed to short Citibank.”

“That’s Citibank!”

“I’ve never seen anyone at this age ever successfully short Citibank.”

“No, didn’t Scarlett give Jiang a million dollars?

She should also make a lot of profit this time, right? ”

Ao Mei reacted and immediately called Scarlett.

“Wow, ah, Jiang has successfully shorted Citibank, you have made a lot of money!”

“How much money did you make?”

“I, oh, earned, made five million dollars.”

Ao Mei was envious and sour.

Afraid that my sister will have a hard time, and I am afraid that my sister will drive a Land Rover.

“Woo hoo, I’m so sad that I missed a great opportunity to make money.

Scarlett, I envy you so much, I shouldn’t have questioned you at that time.

I should have invested with you, otherwise I would be able to sit at home and count money now. ”

Scarlett: “Yes, there will be a chance in the future.” ”

Ao Mei asked curiously, “Why do you speak intermittently and breathlessly?” ”

Scarlett: “I’m eating spicy strips, hissing, so spicy and spicy.” ”

“What is a spicy strip?”

“A Chinese native product, Jiang gave it to me.

It’s so spicy, I have to drink some milk to relieve it.

No more talking, bye-bye! ”

The feat of shorting Citibank has spread across the online world.

Netizens from all over the world were shocked.

“.what!”

“A Chinese man successfully shorted Citibank and made three billion.”

“How is that possible?”

“Isn’t Citibank the number one bank in Citi?

How can a Chinese successfully short? ”

“It’s unbelievable, but the facts are there.”

“Who is that Chinese man, is it such a?”

“Everyone calls him Mr. Jiang.”

“Mr. Jiang, it seems to be a middle-aged man who is old and thoughtful.”

“Well, on the contrary, Mr. Jiang is not a middle-aged man.

He is only twenty-four years old this year. ”

“Twenty-four, kidding, right?”

“I’m really only twenty-four, no kidding.”

“At the age of twenty-four, he dared to be the number one big line in the short universe.”

“What kind of boldness is this?”

“Three billion dollars, what a terrible fortune.”

“Jiang made so much money just by going short once.”

“He gave Wall Street a resounding slap in the face.”

“The first line of the universe was actually planted in the hands of a young man.”

“I dare to pack a ticket, he must have the blood of the Cold Country.”

“Yes, yes, powerful people in the world have your Han Country blood, okay.”

“Konishi Hachi is delusional.”

“I’m from China, I just want to say that Jiang Dong is awesome!”

……

The news of Jiang Liu’s shorting of Citibank spread all over the place, and soon the Chinese side also rushed to report it.

The state media spoke highly of it.

Jiang Liu quickly grabbed headlines on major social media.

Domestic public opinion was in an uproar, and netizens were happier than the New Year.

“I said how come I haven’t heard from Jiang Dong since the beginning of the year, it turns out that Jiang Dong went to Citicountry.”

“Jiang Dong’s wave of operation simply blinded my eyes.”

“Cow’s of cow, Jiang Dong is the most dazzling one in the crowd no matter where he goes.”

“Jiang Dong, please take my knees.”

“When we thought that Jiang Dong should be hitting the top of the Hurun rich list, Jiang Dong has quietly entered the international stage.”

“Jiang Dong’s gaze has long been not limited to the country (well), we are sitting in the well and watching the sky.”

“Jiang Dong, Jiang Dong, the man who haunts my soul.”

“Every time I learn about Jiang Dong, he has to shock me fiercely.”

“Jiang Dong once again refreshed my cognition.”

“Wall Street, feel the fear from the East!”

“Jiang Dong wins glory for the country, urine sex!”

“If you want to earn, you have to earn Citi people’s money, this is the real man!”

This realm is much higher than those enterprises in China that know how to pit the common people. ”

“Jiang Dong is good!”

“The difficulty of domestic games is nothing to Jiang Dong.

Jiang Dong has to challenge a higher difficulty. ”

“What about Wall Street?

What about Citibank?

It is not still planted in the hands of my Jiang Dong.

Just thinking about it makes my blood boil. ”

“Help, I can’t breathe.”

And I’m still doing charity night and night, Flower Belle Beauty. ”

“I’m curious how Jiang Dong shorted Citibank?

How did the mighty Citibank plant in the hands of Jiang Dong? ”

“It seems that the subprime mortgage crisis broke out in the real estate market in Citiland, and Citibank did not hold on.

Jiang Dong laid out the right wave in advance. ”

“Hold the grass,?”

“Simple?

I know at a glance that you don’t know anything about Citicountry.

Do you know how difficult it is to anticipate the Citi subprime mortgage crisis?

Previously, Citiland’s real estate market boomed for six years.

Everyone believes that house prices will continue to rise, and no one thinks that house prices will fall.

Jiang Dong was in this kind of situation of risking the world’s condemnation that he was optimistic about the real estate market and decisively shorted Citibank.

Later, house prices really fell, and Citibank did not withstand the afternoon.

Jiang Dong was successful in the first battle. ”

“A few words fluttering lightly, showing that King Jiang Dong is domineering.”

…