The opportunity that Gu Mingjun was waiting for came this summer after the end of his sophomore year.

2008 was a year of deep disaster for the world and for our people.

The world economic crisis is raging around the world, affecting the livelihoods of millions of ordinary people.

Many ordinary people do not care about the international situation and do not know what a financial crisis is.

They just felt that this year's life was very difficult, and many people didn't even have the money to pay the electricity bill.

So, where did the money go?

Why don’t everyone use money?

Even the famous investment institutions on Wall Street, companies with market value of hundreds of billions of dollars, died one after another!

The money is still there, of course.

It just flowed into the pockets of some people.

Some people lose money, and of course some people make money.

It’s just that those who make money are like vampires hiding in the dark, not known to ordinary people.

Liu Rongqing's tens of billions of dollars of funds were trapped by Chinese stocks.

Cut the flesh and leave the market?

Or wait for a rebound?

Different people will make different choices.

In fact, many people have no choice but to do it.

Such a huge amount of funds will last for half a year, so how can you not be palpitations for its rise and fall? How many people can do it?

Unless you are the kind of person who is extremely short of money, such as Buffett, who buys stocks and throws them there, don’t worry about it. After a year or two, it will naturally bring you tens of billions of profits!

Liu Rongqing is naturally not as good as Buffett.

But one hundred billion is not all for him.

He still has a way to raise money.

Liu Rongqing can also use the magic weapon of the financial market: leverage.

The so-called leverage can be understood as a kind of margin.

If there is a stock worth 10 million, I say I don’t have to pay 10 million yuan. I only need to pay 100,000 yuan as a deposit to you.

When the stock goes up, of course all the gains belong to me.

However, when the stock falls, as long as the drop exceeds this 100,000 yuan, you can confiscate all the money, and I also lose the ownership of the stock.

Of course, I can add margin to the account.

But the problem is that for ordinary financial institutions, no matter how you add, the gap between margin and actual assets will be very different.

This is leverage, fair and reasonable.

To put it bluntly, it’s just a bet!

Take a fortune!

Make a big fortune with a small one!

Investors are originally a kind of gamblers.

No matter how smart he is or how flexible he is, his essence is still a gambler.

With Liu Rongqing's net worth and communication skills, he wants to play leverage, so of course he can borrow a large amount of stocks with the least amount of funds.

Our eyes are once again enlarged to the world.

Bear Stearn was eventually acquired by **** with the help of the Federal Reserve.

It is hard to say whether there are unknown py trading among them, but this has indeed alleviated the market's panic.

The financial market of the US stock market has experienced a brief period of stability.

Everyone seemed to see hope again.

Everyone thinks that this financial crisis has been passed smoothly.

With such a strong United States as its backing, what other crisis can't be overcome?

It was under such an international situation that Liu Rongqing made a very bold decision!

He used the principle of leverage to borrow a large amount of stocks.

This time, he no longer puts eggs in the big basket of US stocks.

He also bought some stocks in A-shares.

Many major domestic investment banks also play leverage.

Because for investment banks, this is a sure profit and no loss.

What Liu Rongqing didn't expect was that the investment bank he was looking for was actually controlled by Gu Mingjun.

Therefore, Liu Rongqing's leverage was playing with Gu Mingjun!

The executors of 19 doctors including Gan Tian made a lot of money in the US stock market because of their trust in Gu Mingjun.

They simply started working with Gu Mingjun secretly.

Twenty people jointly established a new company, and casually used individuals as legal representatives, and then acquired a well-known investment banking company.

Gu Mingjun became the actual controlling shareholder of the investment bank, while Gan Tian and others were shareholders.

Liu Rongqing never dreamed that he would play with leverage and actually play in Gu Mingjun's hands!

Therefore, Gu Mingjun knew exactly what stocks Liu Rongqing bought!

These stocks were borrowed from Gu Mingjun's investment bank using funds!

When Gu Mingjun learned the news, he knew that he would defeat Liu Rongqing in one fell swoop!

Like many investors on Wall Street, Liu Rongqing mistakenly underestimated the impact and destructive power of this financial crisis.

The Federal Reserve intervened and **** acquired Bear Stearns.

Everything seems to be moving towards the good.

However, the bad essential problem has not been solved.

The biggest problem with the crisis is that the default rate of subprime loans continues to rise.

Bear Stearns got ashore smoothly, while another Wall Street giant, Lehman Brothers Bank, was in jeopardy.

In June 2008, Lehman Brothers' financial report showed that in the second quarter, the company lost US$2.8 billion!

In July, information came out that Goldman Sachs manipulated its share price, causing the collapse of Bear Stearns and Lehman Brothers.

In August, Lehman Brothers will sell $40 billion in assets.

The problem with Lehman Brothers is its over-zeal for commercial real estate, and it even owns a large amount of commercial real estate.

After Bear Stearns was acquired, the market quickly looked down on the guy, and the Fed made its biggest mistake during the entire financial crisis - when Lehman Brothers were on the verge of collapse, they did not lend a helping hand.

On September 15, 2008, Lehman Brothers, which was established for 158 years, declared bankruptcy and filed for three and a half years of bankruptcy protection.

Lehman Brothers, with a total debt of up to $613 billion.

On this day, Lehman Brothers' company's headquarters at the center of Times Square, one by one, was dejected and in suits and tie-fitting investment banking elites, stepping out of the fourth largest investment bank in the United States.

They held cartons, file bags, artworks, umbrellas and other office items in their hands, almost without exception, with the logo "lehman    brothers".

Police cars flashed on the street, and reporters and onlookers were surrounded by Seventh Avenue, which was adjacent to Lehman Brothers' headquarters, all seemingly looking at these frustrated people with mocking sarcasm.

These people said goodbye to each other at the door, hugging each other, with tears in their eyes, and turned a deaf ear to the questions asked by media reporters.

One of them suddenly became angry and shouted at the onlookers, "What's so good about this? Do you think this is interesting?"

When the sun rises tomorrow, the name "Lehman Brothers" is no longer on Wall Street.

This marks the end of an era and is also a reshuffle for senior American financial officials.

The fall of Lehman Brothers brought a fatal blow to the US economy.

The American people issued a soul-like question: Will the government save us if it doesn't even save investment banks as big as Lehman Brothers?

It was also from this moment that the financial crisis in the United States truly broke out in full swing!

This crisis directly affected all Liu Rongqing's investments!

He thought that the economy would improve since July!

I never thought that there would be another drama in September!

Even the roller coaster in the park is not so dared to design it like this!

How many ups and downs have Liu Rongqing experienced in just one year?

And this time, he could no longer see any hope...
Chapter completed!