rebirth against the times

In the next few days, the situation continued to change, and the problems of "Fangfang" and "Lehman Brothers" have gradually been exposed to the public. Liu Shu also received news that "Fangfang" and "Fangfang" have been lobbying in recent times.

In order to persuade the government to use taxpayers’ money to remedy the losses of Fannie and Freddie. Some people estimate that the cost of lobbying reached tens of millions of dollars. Fannie and Freddie even sponsored the next presidential candidate.

, hoping that they could help the "two rooms" appeal in their speeches. As a result, there was a gap in the support funds between the two candidates, which made one of the candidates dissatisfied and published an article criticizing the past of "two rooms" and saying that if

He was successfully elected as president, and will permanently reduce and reorganize Fannie Mae and Freddie Mac, and promises not to use taxpayers' money to pay for unviable financial institutions. It can be said that the US government can become "two

The background of "house" has a huge relationship with money.

Just when the market was in panic, someone spread the news that the US government would rescue Fannie and Freddie and Lehman Brothers. The stock market, which had been sluggish, actually experienced a rare rise for a while, and some professionals began to think that the crisis had already begun.

Bottom line remarks.

Amid the outcry, on the afternoon of September 5, the U.S. Treasury Secretary Lao Cai, the Federal Reserve Chairman Lao Cai, and the Housing Finance Administration Director Lao Jin held a meeting to discuss the rescue plan for Fannie Mae and Freddie Mac.

The discussion started. The content of the meeting was very confidential. No matter how Liu Shu inquired, he could not know the content of the meeting. However, in the face of this incident, Bai Shuo, Liang Ying, and the team's opinions were surprisingly unified. Everyone believed that the United States must

will pass the rescue plan for the two houses. Even so, everyone is still nervously waiting for the boots to fall. These days, everyone is paying attention to every news like a war, because at this time, if there is a slightest disturbance, immediate action needs to be taken.

reaction.

Finally, on the morning of the 7th, Lao Cai held a press conference and said: "In view of our investigation of the situation of 'Fang and Freddie' in the past few weeks and our judgment of the market conditions, the Ministry of Finance will gradually take measures to change 'Fang and Freddie'."

'Status quo and safeguard the legitimate interests of investors and taxpayers." This marks that the United States has decided to rescue the two companies, and an unprecedented rescue plan for the financial market has been officially launched.

At noon, the government’s rescue plan for Fannie Mae and Freddie Mac was officially announced: First, the two companies will be taken over by their original regulatory agency, the Federal Housing Finance Administration, and the CEOs of the two companies will be restricted from leaving their jobs.

When they learned that the Monetary Authority was participating in the meeting, Weilun and Hans made relevant judgments, which made Bai Shuo and Liang Ying appreciate their acumen and judgment even more; the second was that the US government would acquire "Fang and Freddie"

The newly issued preferred shares total 1 billion yuan, and the annual interest rate of these preferred shares is 10%; third, the government promises to inject up to 100 billion yuan of funds into the two companies in the future, purchasing an equivalent of 80% of them.

common stock warrants to make up for future losses; fourth, the government will provide credit lines to Fannie and Freddie to help them tide over the difficulties; fifthly, the Ministry of Finance plans to continue to purchase shares from the two companies in the next year

Mortgage-backed securities issued mbs.

"Have Fannie and Freddie been taken over by the government?" Hans asked after learning about the rescue plan.

"Yes, it was taken over by the government." Bai Shuo answered Hans' question affirmatively.

"It doesn't matter where you came from, and where you are going back." Liang Ying sneered.

Liu Shu finally let go and said blankly: "Finally I made the right bet." After learning that the Ministry of Finance, the Federal Reserve Bank of America, and the Housing Finance Administration were meeting to discuss the rescue plan, Liu Shu began to buck the trend and invest in the stock market yesterday.

I spent a billion dollars on it. Now I see that the rescue plan has been passed, and I can finally breathe a sigh of relief.

The next day, the U.S. stock market surged in response, driving European stock markets to rise sharply after the opening, with financial stocks rising by an average of 7%; major Asian financial markets also responded positively. In the Japanese securities market, there were big gains and gains.

reached 3.4%. The entire market began to be unanimously optimistic, confidence seemed to be restored, and everyone felt that the dawn of the crisis seemed to have begun to emerge.

However, after noon that day, Bai Shuo asked Liu Shu to start closing the position. After all, with such a short-term rebound, it was enough to make a small profit. Of course, Bai Shuo's so-called small profit was still higher than the "small goal" proposed by Mr. Wang later.

After asking Liu Shu to close his position, Bai Shuo suddenly asked Liu Shu to start short selling the shares of Fannie and Freddie. Not only Liu Shu, but also Liang Ying, Weilun, Hans and others were shocked.

"Even if you are not optimistic about the market outlook, there is no need to rush short, right? There is a lot of applause now." Liu Shu said hesitantly.

Weilun and Hans also disapproved of this approach and felt it was a bit risky. After all, everyone was optimistic about it now, and "two houses" was the key.

William has always been directly responsible for directing the trading. Looking at the index that continued to rise, he shook his head: "Oh, Bai, from a technical analysis, your idea seems a bit uncool."

Liang Ying thought calmly for a while, looked at Bai Shuo and asked, "Are you sure?"

"There is no absolute certainty."

"Then why do you think it will fall?"

Bai Shuo thought for a while and analyzed to everyone: "Have you ever thought about the fact that the government's takeover of Fannie and Freddie, although it is conducive to the better development of the two companies, it is good news for the debtors. But for the two companies

But it is a big bad news for shareholders. If Fannie and Freddie start to make profits after a period of time, then every penny they earn will first have to repay the principal and interest of the mortgage, and they will also have to pay 10% per year to the government.

The remaining profits will be left to other preferred shareholders and common shareholders, and the returns received by these people will be minimal. Are you willing to hold such a stock for a long time?"

Bai Shuo's words made everyone suddenly realize. Yes, everyone only noticed that this was a big benefit, but they ignored that this plan was not very friendly to ordinary small shareholders.

"However, the current stock market cannot be judged by common sense. Everyone is going crazy, and even those stocks that are losing money are rising." William still insisted on his opinion.

Liang Ying stopped Hans, looked at Bai Shuo and said, "I trust your judgment." Then she motioned for William to execute.

William shook his head: "Okay, boss" and then ordered the traders to start shorting the shares of Fannie and Freddie. By the time the market closed, the amount of short selling had exceeded one billion yuan, and because the stock market was still rising, there were already

More than 30 million losses were incurred.

That night, everyone seemed to have no interest in having fun and were all worried about the situation of Fannie and Freddie's stocks. After dinner, they went back to their respective rooms. Bai Shuo came to the top platform alone, leaned on a chair and opened a can of beer and started drinking.

.In fact, Bai Shuo was also in a state of confusion. The reason why he made such a decision was entirely based on his own analysis and judgment. As for the things in his memory, they were not involved at all. Bai Shuo seemed to be consciously cultivating self-judgment.

ability, because he feels that the things in his memory cannot be reliable forever, and will change sooner or later due to his own reverse operations. Even if no big changes occur, what about after 2020? What will happen then?

At this time, he saw Anna standing there resolutely at the door of the platform, looking at him from a distance. "Anna, come here." Bai Shuo waved to Anna.

Anna moved to Bai Shuo, still standing.

"Sit down." Bai Shuo patted the chair.

Anna hesitated for a moment before sitting down next to Bai Shuo.

"I said, don't be so cold in front of me in the future, don't act like a professional bodyguard. Look how good Zhao Yong is."

Anna looked at Bai Shuo expressionlessly: "Isn't this bad? I was originally a bodyguard for you. Zhao Yong is Zhao Yong, and I am me."

Bai Shuo smiled: "Actually, don't you think we are all like brothers and sisters together? Although we are each responsible for some things, in my heart, you are all best friends, even like relatives."

"Relatives..." Anna lowered her head and muttered in a low voice, "I have no relatives anymore."

"Now that we have it, as long as you are willing, we can all become your relatives."

Anna raised her head and looked at Bai Shuo, her eyes flickering a little, and finally stood up, "I don't need relatives." After saying that, she walked straight downstairs.

Bai Shuo looked at Anna's back and smiled: "What a pity. It would be nice to smile more."

…

Sure enough, it was as expected by Bai Shuo. Due to the government's rescue plan for Fannie Mae and Freddie Mac, early the next morning, many authoritative credit rating agencies lowered the credit rating of Fannie Mae and Freddie Mac's preferred stocks to "junk level".

Affected by this, after the New York stock market opened that day, the stock prices of Fannie Mae and Freddie Mac fell sharply. Looking at the plummeting line, Liu Shu was stunned, William was stunned, and everyone was shocked. They fell by 20%...

...It has fallen by 30%, oh, it has fallen by 40%, not 50%... "My God, this is the first time I have personally experienced such a stock." William said with a trembling voice.

As of the close of the day, Fannie Mae fell 90% to close at 100 yuan, while Freddie Mac fell 83% to close at 100 yuan. Looking at the finalized data, Weilun said in shock: "It's unbelievable. A year ago, the two companies

The stock price is around 60 yuan."

"Congratulations, Bai, you can earn at least 700 million (meters) this time." Hans broke the calm with his words, and then took the lead in applauding. At this time, the entire team applauded and sat down

Those people in front of the computer all stood up to pay tribute to Bai Shuo. Facing such a scene, Bai Shuo felt dizzy for the first time. Warm applause surrounded the studio and did not dissipate for a long time.

The decline of Fannie and Freddie has not affected the overall market. After all, the decline of Fannie and Freddie has some special factors. The U.S. stock market as a whole continues to show an upward trend, and the stock markets of various countries around the world are also rising and falling.

1. It belongs to the normal vibration range.

The next day, it was reported in the market that Lehman Brothers' quarterly report would be released the next day, and that the government would continue to promote Lehman Brothers' merger and acquisition plan. Bai Shuo walked back and forth in the studio, and everyone looked at him without making a sound.

, now everyone seems to be accustomed to doing things according to Bai Shuo's opinions, which is certainly not a good phenomenon. Finally, Bai Shuo stopped, looked at Weilun and said: "Hey, Weilun, do you think Lehman's matter will be resolved?"

How to develop?”

Weilun thought for a while: "Dear Bai, I think we should have a meeting to discuss it. After all, the development of this matter is related to our next important plan."

Bai Shuo looked at Liang Ying, and Liang Ying nodded to Bai Shuo, so the key personnel of the team gathered in the power conference room to discuss and analyze Lehman's problems. In fact, the focus of the discussion was on Lehman Brothers

, Will the US government save the country? How to save it? After discussing for a long time, although everyone has unique opinions, there is still no conclusion on the issue of saving or not saving.

At this time, Bai Shuo saw that there seemed to be no need to discuss this topic for the time being, and felt that the atmosphere was getting a little dull, so he said instead: "How about we predict Lehman's performance in the third quarter?"

After hearing this, everyone expressed their opinions one after another. "The loss in the second quarter was 2.8 billion. I think the third quarter will not be less than this amount." Hans said.

"Lehman's main problem is still focused on subprime mortgage debt. Based on the trend of subprime mortgage debt in the third quarter and combined with the second quarter quarterly report, I analyze that Lehman's loss in the third quarter should be around 4 billion." Weilun analyzed.

"Four billion? That's unprecedented for Lehman." Liu Shu asked in surprise.

Liang Ying said calmly: "The current crisis is unprecedented."

Bai Shuo clapped his hands: "Why don't we all take a bet to see who is closest, in hundreds of millions. How about each person getting 1 million?"

Hearing this proposal, Hans first responded, and then everyone also responded, and the atmosphere in the conference room became lively again. Hans guessed 3.2 billion, Weilun insisted on inferring 4 billion, Liang Ying guessed 3.5 billion, and Liu Shu guessed 3 billion

, William thought it might reach 3.3 billion, and Robert guessed 3.6 billion.

At this time, Lisa pulled Anna into the conference room to add coffee for everyone. Bai Shuo pulled her jokingly and asked: "Beautiful Lisa, are you also interested in taking a gamble?" Lisa was frightened after hearing the betting method.

His beauty turned pale, he quickly refused and ran out, causing everyone to burst into laughter. Hans looked at Lisa's plump and swaying butt and couldn't help but whistle at her.

Anna couldn't help but said "dirty".

At this time, Bai Shuo remembered that Anna was still in the conference room, so he laughed and asked Anna if she wanted to participate. Anna could still afford one million yuan, and the money had no effect on her, so she agreed:

"casual!"

Hearing that Anna was going to participate, several men became interested and suggested to Anna how much to buy. Bai Shuo also asked: "How much do you want to buy?" In exchange for another "Whatever".

Bai Shuo looked at the numbers everyone guessed and scratched his head: "It seems that if it doesn't exceed Weilun's 4 billion, there are only 37, 38, and 39 to choose from. I see that you are a woman, so I will help you choose 38."

Bar."

Upon hearing this, Liu Shu, who was drinking coffee, burst into tears. Amid everyone's strange looks, Liu Shu said awkwardly: "It's okay, it's okay." At this time, Liang Ying was also laughing secretly.

"You're only 38." Anna looked at Bai Shuo angrily. Bai Shuo didn't expect that Anna even knew "38". He could only say angrily: "Ah, then 39, hey 3.9 billion."

Anna remained silent, helped Liu Shu clean up, and left the conference room.

"Hey Bai, how many do you choose?" Robert asked.

Bai Shuo thought for a while: "Let's do it this way. Seven people have joined now. How about I buy three numbers for three million and increase the total amount to ten million?"

Hans smiled and said: "Bai, you are really naughty. This way you have the greatest chance. It seems that you are bound to win."

After everyone agreed, Bai Shuo chose the three numbers 37, 38, and 41. Weilun smiled and said: "Bai, you are really treacherous. If it exceeds 4 billion, you will win."

Bai Shuo immediately said: "If it's 4.1 billion, then I win. If it's more than 4.1 billion, then I only need half of the money."

After everyone calmed down, Bai Shuo looked at the data everyone guessed and said, "Games are games. I wonder if you have discovered anything from these numbers?"

Everyone was completely quiet at this time. Bai Shuo continued: "None of us believes that Lehman's losses in the third quarter will be lower than those in the second quarter. In other words, we all believe that Lehman's problems will become bigger and bigger.

So, if Lehman's performance is really bad tomorrow, based on this condition, how do you think the market, the US government, the Bank of America, and the British Barclays will react?"