Chapter 1832: Precipitous Fall

Lehman Brothers Bank went bankrupt. After the news came out, the stock market in the United States fell even more violently.

Lehman Brothers Bank filed for bankruptcy protection before, but this does not mean that Lehman Brothers Bank must go bankrupt. Many companies that have filed for bankruptcy protection have completed reorganization or found new investors during the protection period, so they have not actually gone bankrupt.

But Lehman Brothers Bank is different. Although they are also trying to restructure, it is a pity that there are no new investors at all. Both Barclays and Bank of America had expressed interest in Lehman Brothers Bank, but when the negotiations began, they found that it was not worth investing in at all.

With too much debt and too few high-quality assets, they cannot see the possibility of turning losses into profits in the short term, and may not even be able to turn around in three or four years.

In three or four years, such a large investment is still required, and the risk is too high. And it also spans the time of the two administrations of the United States. Will the next president continue to implement the policies promised by Xiao Bushi?

None of this is guaranteed, and they will need to come up with a lot of cash, especially if they don't have enough cash, they all give up.

Originally, the shareholders of Lehman Brothers Bank thought that the US government would help and take them over.

For example, Bear Stearns, and even the two Fangfang Group, the US government has taken over, why can't their Lehman Brothers Bank?

But to the extreme disappointment of investors, the U.S. government really didn't care about the life and death of this company, and watched this once brilliant investment bank go bankrupt.

One is because the U.S. government really has no money, and they can't afford more pressure. They are also unwilling to let one Wall Street investment bank after another transfer their business risks to the US government axe.

Rescuing Bear Stearns has caused the US government to discover many problems. If Lehman Brothers Bank is rescued, will they care about other investment banks that have filed for bankruptcy protection?

If they all take over, the US government will go bankrupt!

This morning, there was a very interesting scene at the gate of the Rayman Brothers Bank, that is, many people poured into the building even though it was not working hours.

What's different about them is that they usually carry briefcases, laptops and so on, but this time, many of them are carrying a trolley suitcase, each of which is even bigger than the other.

Some people not only carry suitcases, but also empty backpacks, cardboard boxes and so on. What are they doing here? Moving things.

The company is bankrupt and many of them have not yet been paid. And after bankruptcy, they have to leave the office. Everyone's office has more or less private things of their own.

All the important documents of the company have been confiscated, even the computers with important information have been confiscated. But there are many valuable things in the company, such as printers and so on.

These people lost their jobs, and from this day on, they will no longer receive a penny of salary from Lehman Brothers Bank, nor even the salary owed to them before.

Frustration can be seen written on many people's faces, and some people even have anger on their faces.

But when they left the company, everyone's boxes were full of things. Even if they could get an extra pen at this time, it was an item that could be exchanged for money for them.

And these illegal actions, unexpectedly no one cares about them at all.

The former Lehman Brothers Bank paid very well, and many managers were also middle class. But they, like many middle-class people, want to live the life of a rich man, want to retire earlier, and enjoy life.

They are all managers, so they will naturally make some investments. Investing in their own company's financial products is a good choice.

But when the company went bankrupt, these investments were really gone, and the bonds in the hands of many of them became a piece of waste paper at this time, not to mention that many bonds themselves were purchased higher than their own value.

There are also company stocks they hold, which also cost many people their money.

Some people even started crying the moment they walked out of the company.

They lose hope in life, and some even feel hopeless. They have to support their wives and children, have to repay loans, and have a lot of living expenses, which cannot be spent simply by saving money.

Obviously, the government has taken over Bear Stearns, the two Fangfang Group, and even facilitated the acquisition of Merrill Lynch by Bank of America, helping so many companies to tide over the difficulties. Why did they leave Lehman Brothers Bank?

Because of this, many people held a grudge against the Secretary of the Treasury of the United States and Xiao Bushi, thinking that it was their differential treatment that led to their present day.

During this period of time, it is very difficult for these bank managers to find jobs, so many banks are laying off workers on a large scale.

And they are different from those who were laid off. Those who were laid off still had a lot of compensation, but they didn't even pay their salaries!

The American financial dream on Wall Street has been shattered, as have these unemployed people and many people who have invested in these companies.

Whether you invest in the stocks of these companies, buy bonds, or other financial products, you are basically losing money.

These investment banks and fund companies with excellent innovation capabilities have all fallen into the quagmire and cannot extricate themselves. Instead, the most traditional fund companies began to take advantage of the opportunity to make more profits.

For example, many fund companies specialize in investing in stocks, many fund companies specialize in investing in gold, oil and other energy sources, etc. Although these companies have lost a lot in the fluctuations of the financial market, they have reversed operations in a timely manner. Not only can you stop losses, but you can also make money.

This is also the reason why the rankings of fund companies in the United States and even the world have changed a lot after this year in the previous life. If you choose the right ones, they will all grow stronger. If you choose the wrong ones, some will lose a lot of money, and some will go bankrupt directly. liquidated!

And when Lehman Brothers officially went bankrupt and liquidated, the U.S. stock market began to fall even more crazily. The United States will no longer have any investment banks, Wall Street is finished, such remarks are full of media.

The Lehman Brothers Bank was abandoned by the US government, and some time ago, Feng Yu asked someone to publicize that the US government had no money, which caused panic in the US stock market.

Many people began to sell stocks frantically, no matter how low the price was, as long as they could be sold. I haven't seen so many listed companies go bankrupt and liquidated suddenly. At this time, the creditor's rights have priority, and their stocks have become waste paper, worthless.

Many people even say that as long as the stocks can be sold now, it is a profit.

At this time, many fund companies also started to short-sell the U.S. stock market. They don't care whether the stock market crashes or not, as long as they can make profits in their hands, they are king.

When the U.S. stock market experienced a cliff-like decline and seemed to be unstoppable, Christopher Cox, chairman of the U.S. Securities Regulatory Commission, appeared.

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