The next day.
Tianchen Capital received 200 billion funds from pension and social security.
100 billion per unit!
That's a lot of money in '08!
Lin Chen was also deeply touched by the arrival of these two funds.
Uncle Zhang really trusts himself.
actually handed over 200 billion funds to himself.
The most important thing is that although he said a 10% management fee, he still follows the previous model.
It also means that Lin Chen has already earned 20 billion after taking over the 200 billion funds.
And in the following time, he has no responsibility for the loss, and he can even get 10%.
This is definitely something that would only do this if you trust Lin Chen extremely much.
You must know that in China, you can do it if you don't do it, there is no responsibility for you.
But if you do, and you do it wrong, then you're in trouble.
Uncle Zhang is undoubtedly really working for the benefit of China.
The 200 billion funds, without his approval, I am afraid that they will not be able to reach Lin Chen 11.
High stake, this is a real big bet!
Lin Chen secretly said in his heart: "Uncle Zhang, Uncle Zhang, fortunately, you came to me at this point in time, and I still have a way to find a good place to find the 200 billion funds." "
"If it takes a few more months, I'm afraid it's really hard to operate. "
Without him, the money is too large.
Nowadays, in this world, only Eagle Sauce can accommodate it.
And the subprime mortgage crisis of Eagle Sauce has broken out very big, and I don't see that Eagle Sauce has begun to cut interest rates for the second time.
But this is the time for stability.
But fortunately, it arrived today!!
Lin Chen took the funds and entered the trading room.
Lin Chen opened his mouth and said: "There is a sum of 200 billion funds today, exchange it for a beautiful knife for me, and then continue to short Lehman Brothers!!"
In this wave, Lin Chen also had to sigh at Uncle Zhang's good luck.
It happened to be just a few days before Bear Stearns went bankrupt.
[At the beginning of March, Bear Stearns, one of the five major investment banks of Eagle Sauce, declared bankruptcy, and the capital chain was broken!]
The hint given by the system made Lin Chen also feel shocked.
That's a timely reminder!
You must know that Bear Stearns, as one of the five major investment banks in Eagle Sauce, went bankrupt because its two CDO hedge funds collapsed.
And the root cause of the collapse is because of the subprime mortgage crisis.
The business portfolio of these two funds is exactly the same as that of Lehman Brothers.
In other words, even Bear Stearns can't hold on, so what about Lehman Brothers?
At this time, there were still more than ten days left before Bear Stearns went bankrupt.
Lin Chen spoke directly: "Use the fastest speed to short Lehman Brothers for me, time is pressing, this batch of funds can be known to the Wall Street people on a small scale." "
What does this mean?
That is to go the way on Wall Street, to exchange funds faster and to short faster.
But the price is that these elites will know that Lin Chen shorted Lehman Brothers with a large amount of 200 billion.
200 billion, and there will be nearly 30 billion dollars in American knives.
It's a big gamble!!
But Lin Chen doesn't care, he still has more than 50 billion US dollars underwater to short Lehman Brothers.
This is the biggest fatty, he has to do his best to eat it all!!
Soon.
Eagle sauce received such a business.
And it was Goldman Sachs' Brown Lane who received the deal. (If you read a violent novel, go to Feilu Novel Network!)
You must know that in the world, Goldman Sachs Group ranks first in the cash, stocks, options and futures branch business.
Brown Lane watched the huge exchange of funds, and even directly asked to short the business of Lehman Brothers, and he was also stunned.
Look at the requester again, it turned out to be Tianchen Capital!
Nima!?
Is it awesome to become the richest man in the world?
Unexpectedly, Eagle Sauce shorted Lehman Brothers, one of the five major investment banks!
This is also a bit crazy to see the subprime mortgage crisis of Eagle Sauce, so you want to come over and get a piece of the pie?
A sneer flashed at the corner of Brown Wren's mouth: "Do you really think that Eagle Sauce's money is so easy to make? and short Lehman Brothers, I'm afraid you don't know the title of Lehman Brothers!!"
"It is known as one of the Five Tigers of Wall Street, also known as the king of Wall Street's bonds, and is respected as the cat of nineteen lives!"
"For such a company, Tianchen Capital is so hard that it spends 28 billion US dollars to go short, it's crazy!!"
Brown Lane also saw the world's richest man from the mysterious East for the first time and saw his arrogant style.
Goldman Sachs is a world-famous Wall Street tycoon, and what would have taken many geniuses to accomplish was done in less than a week in their hands.
You must know that in addition to Lin Chen's previous batch of funds shorting Lehman Brothers, Paulson is also shorting Lehman Brothers.
The market, such as bonds and stocks, is already difficult to find.
But that's not a problem for Goldman Sachs.
As long as the price is right, they will even dare to blow up the White House for you.
Looking at the news from across the coast, Lin Chen smiled and said to himself: "This Goldman Sachs' efficiency is good, just in time for this feast!!"
A few days later.
Lin Chen saw the news on the Eagle Sauce forum.
Eagle investment bank Bear Stearns sought financing from JPMorgan Chase and Eagle Central Bank.
But......
In this market now, you are like this, who can still give you financing?
The Morgan 123 is even more lazy to deal with each other, or rather, they are waiting for Bear Stearns to fall!!
Finally!
The day has come!!
Number 17.
Bear Stearns announced that the capital chain was broken, officially declaring bankruptcy.
Also on the same day, JPMorgan Chase agreed to buy Bear Stearns for $240 million.
It's only 2.4 US dollars, which is not as expensive as Lin Chen buying a building.
But this is Bear Stearns after bankruptcy.
At the same time, the news of Bear Stearns' bankruptcy also made Lin Chen burst into a profit.
The day after the news came out, Lehman Brothers, which has the same business as Bales, plummeted because of this bad news.
And this is not the most deadly, the fatal is all, the whole market began to question Lehman Brothers' capital chain.
To know whether an enterprise can survive depends on whether its capital chain is safe.
Once the capital chain is broken, even a trillion-dollar enterprise will collapse in an instant.
And this wave of Lehman Brothers' stock price plummeted, so that Lin Chen, who had just entered the pension and social security fund, made tens of billions of dollars!
It can only be said that Lin Chen has made a lot of money!!
Brown Lane, who was in charge of Tianchen Capital's shorting of Lehman Brothers, couldn't help but fall into deep thought when he looked at the profit of Tianchen Capital.
Could it be that Lehman Brothers really can't bear it?
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