Chapter 1498 Unparalleled Blessings

Wall Street is on the verge of collapse, and that's not to say that it was affected by 9/11. In terms of impact, this does exist. In fact, more and more financial institutions have chosen to leave.

In the era of fiber optics and the Internet, there is really no need to continue to squeeze into this narrow street. In fact, for someone with trypophobia, this place is so terrible that it’s hard not to get sick.

The collapse mentioned here naturally does not mean the departure of the situation. As the Enron incident gradually became clearer, investors were surprised to find that fraud was a normal occurrence in the United States.

The collapse of the building is nothing at all from an economic perspective. How much money can you have? Billions are huge. What is crumbling now is belief. Wall Street has always been very reliable. Let alone super blue chips like Enron, even those so-called penny stocks and junk stocks have rarely heard of performance fraud.

Because the cost is very high, what Yingjiang is doing here is case judgment, which means that if this case is universal, it is basically equivalent to a class action lawsuit. As long as you are found guilty once, it will be miserable. The next cases will be judged that way, and nothing will change until you go bankrupt.

Because of this and that, plus the registration system here in the United States. Generally speaking, there may be sidestepping, large-scale, and deliberate fraud, but this kind of fraud does not happen.

Wall Street managers are not idle, even when the surrounding area is still in ruins. But since God won't take him away, he naturally hopes that he will continue to suffer.

What happened to Enron? Not only the China Securities Regulatory Commission wants to know, but they actually want to know. Merrill Lynch and Standard & Poor's have once again lowered Enron's credit rating. There is something ulterior in this that must be grasped.

It's just a pity that despite repeated investigations, Enron's matter has not been clarified, and Global Crossing seems to be unable to hold on.

"No other industry can demonstrate so effectively and creatively destroy." After the crazy investment in optical cable construction, there was an eye-popping excess surplus. The optical cable access, relying on the growth myth of the Internet and telecommunications industries, has become a trend since the last century. Another drag on the investment bubble. This series of bubbles has caused the output market to lag behind the input market. The halo of personal wealth has obscured the company's actual performance growth. The lack of rigorous and clear accounting systems has accelerated the surge and bursting of bubbles.

Regarding Global Crossing's olive branch, William White said he would not take the pot. Damn it, if you can't fool Li Chaoren, why do you think I will be willing to do it?

Huh, I'm making you cry. If it is optical fiber or something, the more you use it, the better. Although optical fiber is no longer valuable, this one is stable.

Hey, telecommunications companies are on the street, but those who sell fiber optic technology don't know how to do it. They all say that investing is risky and you need to be cautious when entering into pitfalls, but why don’t you listen?

"Boss, we have analyzed Hutchison Whampoa's investment. Indeed, the most we have invested now is 3.5 billion. Even so, the risk is very high." Having said this, Ferson glanced at his boss and had to say, this The seemingly careless guy seemed to be right again.

In the communications industry, due to the connivance and fueling of various governments, this industry has inevitably become deformed. When 3G licenses were sold to the sky, William White had a very clear prediction of the current situation.

Humph, it’s easy to collect the money, but it’s not easy to digest. Global Crossing, this is just the tip of the iceberg.

"Hey, Philson, believe it or not, even if it's $200 million, Superman Li would refuse it.

Alas, he'll figure it out. Or, he has figured out that the current posturing is just to give shareholders an explanation. "

Li Chaoren is not that simple, William White naturally knows. In fact, Hutchison Whampoa no longer plans to participate in the 3G license auction after London.

Hehe, otherwise, why would the most important German license plate not cause any waves?

If we don't say it's weird, there are obvious signs of bid-rigging, but as the Germans whose interests have been harmed, they actually don't show any signs of it.

Rigorous and pragmatic qualities are innate. No matter how fierce you shout, it's nonsense. What's fake can't be real. Virtual wealth is virtual, and it's also the easiest kind of wealth to disappear.

"Get your money ready. This wave of communications stocks is finished. Travel, aviation, insurance, finance, communications, and the Internet." William White smiled bitterly. It's really outrageous now. Except for the medical and military stocks that still have some support, everything else is almost in a state of silence.

Of course, it's hard for you to say whether this situation is exactly what this guy expected.

"Daddy, will they agree? If they accept, this can be regarded as a kind of breaking of a strong man's wrist." Wiping the cold sweat on his head, Superboy was now a little frightened. What can he say, dare he say?

Could it be said that I guessed the beginning correctly, but I never thought it would be this ending. If I had known this earlier, wouldn't it be better to run away after finishing my job?

"Son, it's impossible. You have to understand your opponent's mentality. If Hutchison Whampoa takes over, the existing management will inevitably be purged.

As for if it continues to be delayed, it will definitely lead to bankruptcy. Isn’t it possible to apply for compensation? "Failure is not terrible. What is terrible is that you do not learn from experience and lessons. It must be said that the failed investment in Global Crossing was actually a valuable asset for the Li family and his son.

“So, they went to talk to William White?

Hahaha, hahaha, who is William White? How could he be deceived by these guys? If it is true as what the outside world says, don't we need to communicate with me, the largest shareholder, now? "

Li Chaoren is very certain about this. William White is a very measured person and it is impossible for him to be casual in this kind of investment.

If you succeed, it may be some kind of luck every time. You have now seen the caution in 3G. Universal can no longer hold on. Can WorldCom be far behind? Can Vodafone still make noise?

"Haha, you're not good at managing communications companies?" Buffett smiled bitterly. This kid didn't even have the interest to hide it?

"Yes, I didn't even bother to make up an excuse. Now it's better. Many people guessed wrong again. There is no comeback, and there is no bargaining."

"This bastard, how can anyone still be willing to humiliate themselves? If you expect William White to act according to common sense, you are as stupid as a pig."

Of course William White doesn't want to participate, and he is still saddled with two antitrust lawsuits. Although it doesn't matter if we delay it for a few more years, isn't this the same thing?

If you continue to expand at this time, you really think that all the people in the Ministry of Justice will be dead.