Rebirth of the Strongest Tycoon

Latest website: Thanks to Xia Yu's unremitting efforts, the crisis in the Bank of Illinois in mainland China continued to spread, and reached a desperate situation at a faster speed.

Even after receiving $4.5 billion in loans from 16 banks, he also received $580 million from Wells Fargo for selling assets.

But on June 4, the capital chain of the Continental Illinois Bank was on the verge of disruption.

The Financial Institutions Administration, together with a third-party accounting firm, conducted a rectification of the Continental Illinois Bank's finances and assets and found that the Continental Illinois Bank's non-performing loans were as high as $4.5 billion.

That's an appalling amount!

Even John Chris Morgan, who had been planning the Continental Illinois Bank, was dumbfounded, and he was suddenly caught in a dilemma.

In the end, he chose to temporarily stop the acquisition of the Continental Bank of Illinois, leaving this burden to the Federal Reserve and the U.S. government first, and wait until the situation improves later.

No other consortium dared to take over the Continental Bank of Illinois at present, so after urgent consultations, it was decided to designate the government-owned Federal Deposit Insurance Corporation to come forward.

The Federal Deposit Insurance Corporation bought the non-performing loans of the Continental Illinois Bank of $4.5 billion, and this large loan was discounted to $3.6 billion in exchange for the previous $3.6 billion in debt .

In addition, Continental Bank of Illinois issued another one-billion-dollar preferred stock and designated it to be sold to the Federal Deposit Insurance Corporation, so that the Federal Deposit Insurance Corporation will become the absolute controlling shareholder of Continental Illinois Bank.

In this way, the Continental Illinois Bank was essentially nationalized except for its name.

With the credibility of the U.S. government and the endorsement of the last Federal Reserve that can print money, the Bank of Illinois in Continental will definitely not go bankrupt, and customers will definitely feel at ease, and the squeeze will naturally be resolved.

For this matter, James McCormick finally chose to agree with the situation.

He had to agree too!

Only in this way, the crisis of the McCormick family was exposed at the outermost layer, and it was about to explode.

The other three major families and the three major banks are also going to be unlucky.

Whether it is a domestic consortium,

Or foreign consortia, all launched an attack on the Chicago consortium, the competition surfaced, and all wanted to swallow more assets.

First National Bank of Chicago, Harris Trust \u0026 Savings Bank, Northern Trust Bank, Cena Financial Company, State Insurance Company, Sears Department Store, Union Department Store, Tiffany \u0026 Co., Marshall Field Company, Esmark Company , United Foods, International Harvester, Deere, Caterpillar Tractor, Indiana Standard Oil, Texaco, and more.

These companies are not well-known big companies in various fields in the United States.

For example, the most conspicuous Sears department store, with sales of nearly 40 billion US dollars in 1983, is not only the leader of department stores in the United States, but also ranks first in the world!

There are also stakes in Indiana Standard Oil and Texaco, two of the seven oil sisters with sales of tens of billions of dollars, but they were finally grabbed by the Chicago consortium.

The Rockefeller Consortium absolutely wants to grab it. After all, these two oil companies are the core of the Rockefeller Consortium. Now there is a chance to recover the equity, David Rockefeller will not miss it.

Caterpillar Tractor Company is also one of the industrial core companies of the Rockefeller consortium, and the equity of this company must be recovered as much as possible.

Of course, John Chris Morgan, David Rockefeller's nemesis, must also want to take these stakes and further penetrate the Rockefeller consortium.

A fight between dragons and tigers is inevitable!

And Xia Yu's goal is also very clear.

There are hundreds of core companies and large companies in the Chicago consortium. He doesn't want too many. He only needs three, Northern Trust Bank, International Harvester Company and Deere Company.

His Polaris Capital Corporation needs a strong industrial company at its core!

Of course, as long as he wins Northern Trust Bank, one of the four major financial cores of the Chicago consortium, he will naturally own a lot of equity in the company. This is also one of Xia Yu's original intentions to target Northern Trust Bank.

At the same time, North Star Capital's equity acquisition of Dun \u0026 Bradstreet Group is also in progress.

The outbreak of the crisis in the Bank of Illinois in mainland China has caused a huge blow to the reputation of Moody's. It has already benefited 1.4 billion US dollars from shorting its parent company D\u0026B Group, which can just be used as ammunition for the acquisition of D\u0026B Group. .

As long as he holds Moody's, Xia Yu can't do whatever he wants in the US financial field, but at least the deterrent force of Polaris Capital will be greatly increased, and the self-protection ability and counterattack ability of its subsidiaries will also be greatly improved.

As for the credibility of Moody's?

Now it has an influence, and after a few years, I still do whatever I want.

Since its establishment, has Moody's done less insider trading?

The other two rating agencies have done less than Moody's, and they have also exposed scandals, but aren't they all doing well now?

Time will wash away everything, people are forgetful...

...

At a time when many consortia hunted the Chicago consortium.

As time passed, the situation in Canada became more and more chaotic.

The Canadian currency market has been blasted.

As of June 20, the exchange rate of the Canadian dollar against the US dollar has fallen to around 0.7100 under the continuous bombardment of the bears.

Relative to the peak point before the short, the decline has exceeded 0.1.

This means that if you open a short position at a high level, if you enter the market for 100 million US dollars, the profit after delivery will be 10 million US dollars!

It's just that the exchange rate of the Canadian dollar against the US dollar has fallen to such a degree that it has almost bottomed out, and the rate of decline has been minimized.

There are multiple reasons for this, but the most crucial reason is that the big shorts have finished harvesting the Canadian foreign exchange market, and funds have been transferred to the Canadian stock and bond markets. .

The largest foreign exchange market in the market has been looted, the second largest stock market has become the second target, and the Canadian bond market is the final target.

In the stock market, in the face of all-round shorting by bears, the Toronto 300 index has plummeted to more than 1,600 points and continues to fall.

That's driving capital to the bond market to store value.

However, Xia Yu has long been deployed in the Canadian bond market, buying more than $8 billion in bonds at a low price.

After the bond market was pushed to its peak due to the influx of capital, he kept selling bonds that were originally low-priced bargain hunters at high levels.

The financial situation has eroded so far, which has caused a huge impact on all walks of life in Canada. The Canadian people are full of grievances. Under the deliberate guidance, the grievances are all directed at the bankers, and the calls for the nationalization of big banks are rising.

In this situation, the time for the general election is getting closer and closer.

After more than 20 days of hospitalization, Joseph Chretien finally couldn't lie down...