246: Goldman Sachs news is bad! Stock market panic! Goldman Sachs shares plummet!!
David's face, where his smile had frozen.
It also made the directors below pause.
What's going on?
Did something happen?
David opened his mouth with difficulty: "Is it Brother Lin?"
The person shook his head and said, "I don't know who it is, but I genuinely don't have the money here anymore!"
David instantly became furious: "How could you not know who it is? Don't play dumb with me. I think you understand Goldman Sachs' current situation. This was the 2 billion US dollars I reserved long ago! Furthermore, I am a shareholder of DeChong Securities. This money should be reserved for me no matter how you look at it!"
Unexpectedly, the person sneered: "Who the opponent is, what does that have to do with me? What Goldman Sachs' situation is, what does that have to do with me? I want to ask you the same question. As a shareholder of DeChong Securities, you should always consider what is best for DeChong Securities. You should be happy that they offered such a high interest rate!"
These words left David speechless.
He finally cursed, "Capitalist!"
Milken also chuckled, "Thank you for the compliment."
Subsequently, the call was hung up.
David sat down on the chair, feeling somewhat dejected.
His eyes revealed a mix of helplessness, anger, and confusion.
Without this 2 billion US dollars in funds, he didn't know what he should do next.
It was clear that Wang Lin's ultimate move had not yet arrived.
But their company no longer had liquidity.
At this time, they wouldn't even need Junlin Finance to make a move; the jackals sniffing out the blood could pounce and devour them.
The reason they hadn't acted yet was first, fear of Junlin Finance, wanting to see what subsequent tactics they had planned.
Second, they were afraid that their action might cause Junlin Finance to misunderstand, leading them to draw trouble upon themselves.
But if Junlin Finance remained inactive for too long, or if they issued an announcement now, the remaining matters could be handled by other companies on Wall Street.
David was only disheartened for a few minutes before he forced himself to cheer up: "Now, call Kevin and tell him to immediately sell off all the funds in the China A-share market, sell everything, leave not a single share! Transfer all the realized funds to the US Stock Market side!"
"Also, mobilize all other available funds from various sources!"
David took a deep breath and said, "I'm afraid Junlin Finance's target was never the Asia-Pacific Region; they were aiming for Goldman Sachs Headquarters!"
"Our company's stock has had some significant fluctuations recently. I estimate Junlin Finance is behind it, along with some other opportunistic individuals!"
"Credit default swaps have been shorted, the Asia-Pacific Region business has collapsed, over 8 billion US dollars in funds have turned against us, the commodity business has been targeted, market-making bank stocks have been dumped, the A-Share Brokerage Firms we hold have also been smashed, interbank credit review has appeared on the banking side, and even the borrowed funds from DeChong Securities were intercepted!"
A trace of despair even appeared in David's eyes.
The opponent made such a thorough arrangement in such a short time, locking up the vast majority of their company's liquidity! If they don't short Goldman Sachs' stock next, that would be the strange thing!
"Everyone, utilize your connections and abilities to acquire as much funding as possible to deal with the incoming short attack!"
"If we don't act now, Goldman Sachs will truly become history!"
David's analysis brought complete realization to the directors below.
This Junlin Finance from China is genuinely determined to destroy them.
And Kevin, the culprit from the Asia-Pacific Region, was being cursed to death in their minds.
"That bastard Kevin, you really ought to be thrown into the pacific to feed the fish!"
"Seriously, why provoke anyone else? He just had to provoke this killing star!"
"Everyone knew the opponent was chinas richest man, yet he still dared to pull such schemes. Once this matter is over, you can say goodbye to this world!"
"Stop talking so much, hurry up and raise funds! Let's get through this wave of difficulty first!"
"Fuck, how could I, a dignified overlord of Wall Street, be forced to this extent!"
...
If following a different rhythm, now would certainly be the time to allow Goldman Sachs to raise money.
But Wang Lin was no ordinary person; he knew deeply that now was a race against time.
After cutting off Goldman Sachs' cash flow, Wang Lin immediately ordered the foreign capital Traders: "Tonight, start dumping Goldman Sachs' stock. Once the decline exceeds 5%, you can slowly buy in and then continue dumping!"
This order was also intended to circumvent certain risks in Beautiful Country.
At the same time, he began using major financial media outlets to exaggerate some of Goldman Sachs' default risks, such as: mortgage-backed securities business!
This matter was benchmarked against the 2008 Financial Crisis.
Because that crisis back then was triggered by the subprime mortgage crisis.
Wang Lin had the financial media mention this for no other reason than to trigger panic in the market!
That disaster back then affected every financial Institution globally.
Furthermore, the mass resignation of Goldman Sachs Asia Pacific Region executives and the mass 'defection' of clients must also be exposed.
Since he was launching a combination attack, he intended to pin Goldman Sachs down with a single blow!
In fact, Wang Lin knew that a company of Goldman Sachs' caliber had survived on Wall Street for too long and had intricate relationships with too many Institutions.
Its collapse would not happen as long as one faction within Beautiful Country disagreed.
This was not the 2008 Financial Crisis; no matter how much they tormented Goldman Sachs, it wouldn't collapse like Lehman Brothers.
Because this time, no one would need to step forward and foot the bill.
The cause of this incident was merely a small self-inflicted wound by Goldman Sachs.
The biggest expected gain this time was to aggressively acquire its shares when Goldman Sachs' stock price was at its lowest, becoming one of its top three shareholders.
Using this as a springboard, they could advance by gaining access to the international market through Goldman Sachs' channels, completely stepping onto the global stage.
Alternatively, they could gain actual control of the Asia-Pacific Region, while also securing several board seats.
Furthermore, they would obtain substantial wealth in this stock market feast of shorting Goldman Sachs.
This was Wang Lin's true practical requirement.
Wang Lin would be very satisfied if he could achieve all of this.
Heaven knows, he originally just wanted to teach the other party a lesson.
Who knew the opponent would be so vulnerable? In that case, he might as well go with the flow and hit them harder.
[Goldman Sachs Illegally Mortgaged Securities, May Recreate the 2008 Great Financial Crisis!!]
[Warning!! Goldman Sachs Is On A Path of Self-Destruction!!]
[Financial Crisis Strikes Again! Goldman Sachs Subprime Mortgage Default!!]
[Goldman Sachs Asia Pacific Region Executives Resign En Masse, Clients Collectively Defect, What Is the Inside Story?!]
The appearance of these reports shocked countless Stock Investors.
"Holy shit, what's going on? Is this real or fake?"
"Looking at the reports inside, the data is almost all accurate. Damn, this is huge negative news!"
"We must run tomorrow. I feel like the global stock market will collapse tomorrow if this news is true!"
"Whether it's true or not, we have to run. The market is already highly sensitive right now!"
"I don't know about the rest, but the Asia-Pacific Region executives really did resign en masse!"
"Insane!"
"Isn't Brother Lin targeting Goldman Sachs? Could these reports have been released by Brother Lin!"
That same evening.
Goldman Sachs' stock price plummeted pre-market!
🔊 Text To Speech
Listen while reading