Chapter 1110 The First Unlucky Egg

"Boss, the Indonesian rupiah has plummeted again. It seems that the assistance from Lion City and the IMF has basically been in vain."

"As expected, but I didn't expect it to be so fast. Hahaha, the idiots of the IMF are simply ashamed of the word international."

Filson smiled wryly, the amount of the emergency loan is actually less than that of the Lion City, which is really a bit funny.

"What do your think tanks think?"

"Boss, their foreign debt is actually close to 200 billion. I think there is no other possibility except for the country to go bankrupt.

We also found that their nepotism is very serious. Smecta still has a financial group to cover up its ugliness, and they are directly a family business. "

"So, worthless?"

"Yes, there is no value. This kind of business environment is not suitable for investment."

"Well, I'm not interested in them anyway.

Alas, it's just that when this guy falls, there will be a series of chain reactions. "

Felson smiled wryly, more than 3,000 was exchanged for a US dollar, and it was too much to drop to 5,000, but now it is more than 10,000, and it still keeps falling.

"By the way, boss, this matter is quite strange."

"Well, let's talk about it." William White took a coconut and drank it vigorously. Filson was really a bit pained, this guy is really leisurely.

"Boss, before the Indonesian rupiah collapsed, two rating companies, Moody's and Standard & Poor's, downgraded their sovereign funds to junk status."

"Hehe, it's not weird at all, it's just collusion. I'm also curious, why do these hedge funds think they can get away with it?

If it were me, close the foreign exchange market immediately. It is simply impossible to let them take a dime. "

"Would it be too radical to do this? I don't think the IMF will agree."

"Why do they agree to take Soros away first, and then we will talk about market rules."

The two guys were talking nonsense very leisurely, and they couldn't take any interest in this unlucky guy who had fallen.

There is a reason for the saying that there must be something hateful about poor people. Eagle sauce is hateful, and Soros and his ilk are greedy, but if you guys are not too bastards, you will be similar to Smecta at most.

The currency has fallen by more than 80%, the stock market has no way to go down, 70% of the luxury apartment just bought has disappeared, the money in the bank cannot be withdrawn, and the decent job that was originally decent is gone.

You don't have to go, just imagine the scene. If there is a hell, it might be this scene.

"Rating agency? How did Moody's and S&P offend this one?" Buffett threw down his glasses and newspaper, with a strange expression on his face.

"Well, there is indeed something strange about it. It's not difficult to know this. It is somewhat meaningful to deliberately link causality." Charlie Munger sighed, and he didn't know what to say.

The hedge fund's method is indeed too rough. Seeing that someone else just got 20 billion, they plan to take it away at once.

"Yeah, Charlie, you don't want to lose face at all if you eat so ugly."

The two veterans who talk so much are not good birds. However, when compared with Soros, he immediately appeared noble.

There is no need for right and wrong to make money, but if the way you make money is based on destruction, it is inevitable that you will not be liked by others.

However, they don't care what happens in Indonesia. What they care about is that White Media is deliberately guiding public opinion.

You see, the IMF has been procrastinating and refusing to rescue. Later, seeing that the Lion City was rescued, it was really embarrassing to watch.

You know, the Asian financial turmoil, the Lion City was also severely damaged. As soon as you get a little aid, your two rating agencies are out of order.

What? You have standards for evaluation.

Hehe, after receiving 20 billion US dollars in foreign aid, it became a garbage grade instead. I just want to ask, what were you busy with before?

It is already clear what the implication is. As for what you don't understand, then continue to be confused.

All that can be said is what happened. As a media, it is best not to deliberately interpret.

Rating agencies, this is a job that depends on reputation. These guys will tell you what to do whether you like it or not. If you can be sensible, some things are not absolutely undiscussed.

Looking at Liang Botao on the opposite side, Du Weilian looked solemn. It is not only Indonesia's sovereign fund that has become junk together. A large number of investment banks, including Peregrine, have all been downgraded.

The so-called authority is just like that. This is not the kind of three-A bronze plaque at the door of your company. As long as you have some skills, you can always hang it up.

The four major rating agencies in the United States have monopolized the rating standards in the world. Don't be angry, when you go to the international bond or futures market, others will recognize this rating.

"Bo Tao, this time, we may stumble."

Liang Botao smiled bitterly, he is not William White, he does not have so much money.

"The American guy has no good intentions. This time, we are completely screwed. By the way, has White Investment responded?"

"Well, they gave up and were very disapproving of Indonesia's investment.

But it's funny to say, does Jason Gao know? "Speaking of this, William Du was even a little proud.

"What time is this, you still have time to sell it."

The two founders of Peregrine are a little bit sleepy now. At the last moment, he was tricked by the First Chicago Bank again. If only the investment from Zurich Insurance was needed, it would not be what it is now.

For Peregrine, William White lacks interest, for these two founders, that is another matter.

In ten years, two senior wage earners have created an investment bank with assets of three billion dollars from scratch.

This skill, if it is not a plug-in, is really a skill. For those who have the ability, William White likes it very much. Asia's largest underwriter of junk bonds, this is another way.

You know, it is definitely not that simple to make a name for yourself in Xiangjiang. Banks include HSBC and Standard Chartered, and real estate is the four major families. Other than that, there's really nothing else.

Liang Botao also fell silent for a long time after hearing Du Weilian finished speaking. Who is Jason Gao? Of course he knows very well. Most of the time, what he means is what William White means.

"Du Weilian, let's fight again, if it really doesn't work, there will be an end.

By the way, how does he plan to accommodate us. "

"We won't be together, ahem, actually, it has nothing to do with William White himself. You know, one of his sons is in Xiangjiang, and the other is in Shanghai."

"Well, I see."

With a dark sigh, this is what people do big things. For the two boys who are younger, they need to find two first-class managers.

There may be many reasons for the failure of Peregrine. The most important point is that they have no backing. If they had a solid background from the very beginning, they might suffer losses from the Asian financial crisis this time, but they would definitely not face the current situation.

Felson couldn't understand. In his opinion, Peregrine was not bad. If those consortiums in Japan are not counted, they are the largest consortia in Asia.

Well, since the boss is optimistic about the future of Asia, isn't this just an opportunity to buy bottoms. Zurich and First Chicago can't afford it because they have small minds, and White Investment doesn't have such a problem.