Chapter 36 Failed to Rescue the Market

On September 25th, the stock market was still in an uncontrollable decline. When everyone was selling wildly, there were five men with serious faces sitting in the office at No. 23 Wall Street.

Four of them were the most famous bankers in New York, and sitting across from them was the vice president of the New York Stock Exchange, Richard Whitney.

And the one sitting in the middle was the one who summoned them, the largest shareholder of the Morgan consortium, Thomas Lamont.

They are also the same group of people at the top of the American pyramid, with a combined wealth of up to 6 billion dollars.

"Mr. Lamont, things are getting serious. People are losing confidence in the stock market. We can't let him continue." Richard Whitney's deep voice echoed in the office.

"Every hour, millions of shares are sold off. If this continues, people will not only lose confidence in the stock market, but even lose confidence in the overall economy." A banker looked worriedly at the crowd.

Everyone understood what he was worried about, and that was what they were worried about too-crazy run.

"We must unite to rekindle people's confidence in the stock market." Thomas Lamont said firmly, knocking on the table.

The meeting ended during lunch time, and these bankers decided to inject capital with total assets of 250 million US dollars into the stock market to boost the market and restore people's confidence.

Just after the lunch time, the vice president of the New York Stock Exchange, Richard Whitney, returned to the exchange, came to the trading counter and shouted loudly: "JP. Morgan decided to buy 25 million shares of American Steel."

In the uproar at the counter, Richard Whitney turned to another trading desk again and shouted: "Mr. Rockefeller has decided to hold 20 million shares of Ford Motor."

In Richard Whitney's shouts, the market, which was falling crazily, showed signs of a rebound.

Although this sign lasted only for a moment, it finally stopped the downward trend.

Bankers and financial entrepreneurs are optimistic that all this will pass soon, including the optimistic American people who also agree with this view.

"BOSS, the stock market has stopped falling. Morgan and Rockefeller, including many bankers, have jointly rescued the market. The large-scale sell-off has stopped."

When the news of the joint rescue came back to Chicago, Ben's mood became a little disturbed.

There was a dispute among the think tanks. Johnny believed that the joint rescue of Morgan and Rockefeller would restore confidence in the market. These two names are equivalent to legends in the United States.

Matton agrees with Ben's point of view that the financial bubble has arrived, and no one can prevent this disaster, even Morgan and Rockface.

Looking at Ben, who was unsure of paying attention, Li Zitao just asked him a word; "Are we losing money now? Or is our position already liquidated?"

"Of course not." Ben looked at him in surprise.

"Then there is nothing to hesitate, just keep reading." Li Zitao is not confident in himself, but has to choose between 5.57 million US dollars and hundreds of billions of dollars.

If he can't participate in this feast, then 5.57 million dollars and penniless are no different to him.

"Things have already happened. I don't believe that you can do what you couldn't do in your previous life." After Ben left, Li Zitao clenched his fists and said fiercely.

The time quietly came to October 1st. The turbulent stock market seemed to be revitalized by the injection of funds. The think tanks were tense every day, staring at the phone on the table.

It was also on this day that a small businessman from the Bronx read a piece of news in the newspaper about certain speculations about the Bank of the United States.

Picking up the newspaper, the small businessman quickly walked to the New York branch of the United States, which was the second bank established since the independence of the United States.

Although in the end for some reason,

Let it become a state line that can only operate in New York State, but no one can deny its glorious history.

The small trader came to the counter of the branch and said to the bank staff, "I want to sell my stocks in this bank."

No one knows what they said afterward, but after the small traders left, a rumor circulated in New York, "They refused to let me sell the stock."

A bigger panic came. Within an hour, 25,000 depositors showed up in front of the branch. Until the bank closed, the amount of the run was as high as 2 million dollars.

No one knows that the Bank of the United States has been losing money because of the failure of its investment in real estate, and it barely supports it by making false accounts.

So, when branches in Manhattan, Queens, Brooklyn, etc. also faced runs the next day, the Bank of the United States, which had a glorious history, went bankrupt.

As word spread, questions were raised about the banking system across the United States.

boom!

The stock market plummeted again, but no one paid any attention to it at the moment, because the disaster was sweeping through the American economic system, and the Great Depression officially kicked off.

In the wealthy area, the exterior is glamorous and luxurious, and the houses are decorated with high-end furniture and accessories. In the villas, the sound of beating, smashing things and quarreling between husband and wife has become a new theme of life.

Every night, a new family joins the fray, and this scene plays out in every city, not just a specific area.

boom!

When the famous economist Fell drank his last glass of red wine and stuffed the muzzle of his gun into his mouth in his luxurious office, despair became the only emotion.

And his suicide was just the beginning. The news of the bank's bankruptcy became a new favorite on the news page. Every day, bankers chose to commit suicide because of bankruptcy.

The outside world is wailing, unemployment, bankruptcy, alcoholism, complaints, and even suicide, life still needs to go on.

On the contrary, the consumption of alcohol continued to rise during this period. On the streets at night, drunks carrying wine bottles can be seen everywhere.

They wear high-end suits tailored by hand, and a pair of leather shoes is the annual income of ordinary people, but the high spirits they once had are completely gone.

In District 22, lying in a room with peeling walls, Li Zitao put his feet on the creaking crossbar and hummed a little song leisurely.

"Boss, Nucky's call." Huang Fangfang's call came from outside the house.

"Here we come." Li Zitao picked up the phone, and Nucky's somewhat exaggerated complaints came immediately: "Li, you damn capitalist, you are about to empty my pocket money."

"Huh? Looks like I'm going to find a new buyer for the beer in the warehouse." Li Zitao didn't pay attention to him. This guy always likes to complain, just like a bitter woman.

No one cared about Prohibition anymore, and the former members of the Temperance Association would look sympathetically at someone walking down the street with a bottle.

Even Prohibition agents don't have time to deal with these people because they're terrified for their paychecks and the future of their families.

"FK, Lee, if you dare to do this, I will kick your ass." Nucky shouted angrily, of course it was a joke.

After discovering that Li Zitao was a reliable friend who could provide him with a reasonable and legal 'shooter', Nucky fell in love with him.

"How is your committee?" Li Zitao asked casually.

"We are having a carnival." Li Zitao curled his lips in disdain, believing your evil!

Nucky, who was in Atlantic City, seemed to see his expression through the microphone, and pondered: "It will take some time, the division of interests is not that simple."

"Are you really not interested in participating?" Nucky asked again, this is the first time, Li Zitao has forgotten.

"No, I'm going to start my own business, Nucky, just wait and see!" Li Zitao laughed heartily.

"Okay! I'm looking forward to it, and get my drink here soon, bastard." After hanging up the phone, Nucky looked out the window at the special guard downstairs.

"If they were mine, this meeting would be over," Nucky thought.

Of course Li Zitao didn't know how much Nucky envied him, and what he envied even more was the loyalty of these people to him.

But he also didn't know that Li Zitao paid a huge amount of insurance for this 'loyalty' with real money.

When the first 20 million US dollars was put into his pocket from the stock market, Li Zitao turned into a boy who spread money, crying and digging out his pockets.

For the "Get Rich Overnight" team, Li Zitao paid them $100,000 each to keep their families calm in the panic and not affect the follow-up plans of the geniuses.

In District 22, there are 126 Chinese families. As long as someone in the family works for S.H.I.E.L.D., each family will pay $50,000.

Jamie Tong, the Chinese teenager who lost his life in the Royal Nightclub, in addition to the $1,000 compensation previously paid to his family, Li Zitao gave another $100,000.

Samode, although his sense of presence is a bit low now, he has been performing very well since joining Li Zitao.

He leads people to solve the small disputes and troubles encountered by Chinese families. He never complains.

"Money is a bastard, let's make money after spending it, woo woo..." With a wave of his hand, more than 5 million dollars disappeared.

My little money, fly away (liao)...

After such a circle of spreading money, Li Zitao's pockets were almost wiped out.

What makes him happy is that SHIELD has recently seen an explosive business volume. Every day, people will come to consult and take away the bodyguards that satisfy them.

The current situation is a bit chaotic. Some gamblers who have lost their fortunes in the stock market, with red eyes and guns in their hands, are wandering around trying to kill the rich who took away their money.

This is a dangerous signal. Instead of counting on the security of the city, it is better to buy an insurance for yourself. Money is never as important as life.

No matter what year and month, even in the Great Depression or financial crisis, there will always be a class gap between local tyrants and local turtles.

In this disaster, he was not the only one who made money. Li Zitao got a positive answer from Ben, such as his old club, JP. Morgan.

It's just that in such an environment, everyone also kept a low profile, so as not to be targeted by pink-eyed patients and cause unnecessary trouble.

The content of that meeting has already been leaked, it doesn't matter who leaked it, anyway, everyone present at that time has gained enough reputation.

Thinking of Morgan joining forces with Rockefeller and bankers to throw out 250 million yuan to save the market, Li Zitao couldn't help but want to scold, "Don't be embarrassing." '

They could think of such a shameless method. The capitalists' brains turned so fast that they used the way of throwing money to extract themselves from the accusations. It was a good job.

You must know that they are giants. Giants represent huge capital, but at the same time they have attracted the attention of the society and people with red eyes.

If the Great Depression came and they did not take any action, those who were forced to go bankrupt after bankruptcy would have a hundred reasons to pin the source of this disaster on them.