The unparalleled talent of the country started from Harbin Institute of Technology
Chapter 646 White Tofu: Germany's Most Stupid Bank!!! Financial Playground
In September 2008, the world's internet media, traditional print media, and television and online media were all very active.
In particular, the world was abuzz after Lehman Brothers announced its filing for bankruptcy protection under Proposition 11 on September 15, local time in the United States.
Media outlets around the world reported on the incident, and the term "financial crisis" suddenly came to mind for many people.
Most interestingly, in the early hours of September 15th, US time, after Lehman Brothers filed for bankruptcy protection, the German Development Bank, just ten minutes later, transferred 300 million euros to Lehman Brothers' soon-to-be-frozen bank account through an automated payment system, in accordance with a foreign exchange swap agreement.
Without a doubt, this 300 million euros will be a complete waste of money.
The money transfer scandal was quickly exposed, shocking all sectors of German society.
At Harbin Institute of Technology, in a villa on the island in the lake, Wang Yifei also heard about the money transfer controversy. She opened her mouth, her face full of astonishment.
"No, did the German Development Bank just get online? Didn't they see the news about Lehman Brothers' stock price plummeting, and the news that Paulson and others announced they wouldn't bail out Lehman Brothers?"
Anyone with common sense would continue to send money to Lehman Brothers after learning that the company was in such a sorry state, insolvent and even the Federal Reserve was unwilling to help.
Bai Doufu also chimed in, "It would have been better if the money had been wired to me; at least I would have said thank you."
"Haha, Second Sister, you're dreaming!" Wang Junxian laughed.
The whole family burst into laughter.
That's three hundred million euros, a huge sum of money. Who wouldn't want it?
Wang Duoyu smiled and did not participate in their conversation.
The next day, he arrived at a research institute in the suburbs. Today was the final acceptance stage of the anti-gravity device test.
Having persisted until now, it can be basically confirmed that the anti-gravity device has been successfully developed.
All test data met the design standards, and Wang Duoyu was very satisfied; this was his masterpiece.
"professor!"
When Wang Duoyu appeared at the laboratory door, all the researchers looked at him with excitement, all staring at him intently.
Antigravity devices are powerful enough to change the landscape of the current aviation industry and have a significant positive impact on future interstellar travel.
Because the effect of anti-gravity devices within a planet is far less than that of interstellar travel.
Wang Duoyu chatted with everyone for a while, and then instructed them to immediately start the final acceptance plan.
The entire acceptance process was very smooth and without any unexpected issues.
After the successful acceptance test, thunderous applause resounded throughout the laboratory. Everyone was very excited, and many even had tears in their eyes.
Because the anti-gravity project has lasted for many years, it is a long technological journey.
Especially the elderly people in the project, they have gone from being teenagers to middle-aged, and many of them have developed bald patches on their hair.
After such a long period of perseverance, the results have finally come, and everyone is very happy.
However, after the anti-gravity device was developed, the next crucial step was to figure out how to apply it to aircraft.
When Wang Duoyu was first designed, it was intended to be able to be successfully installed in a spacecraft within the planet, serving as the spacecraft's power source.
This anti-gravity device is powered by electricity, but that's not a big problem because of the presence of a small sun device, so the power source isn't an issue.
An anti-gravity device is like an engine for an aircraft, but this device is quite large now.
To install it directly into the current aircraft, some space will inevitably have to be sacrificed.
Alternatively, we could develop a miniaturized version, like a small solar device.
For Wang Duoyu, there's no point in rushing things, so he pursues both paths simultaneously.
While conducting miniaturization research, they are also redesigning new aircraft devices to adapt to the current anti-gravity devices.
Being too big is not necessarily a good thing.
Regardless of carrying capacity, aircraft equipped with anti-gravity devices require extensive stealth coatings and stealth design, all of which need to be comprehensively considered.
In this way, it certainly won't surpass existing jet engine systems.
In the evening, in the living room on the island in the lake, Bai Doufu held a tablet and shared the amusing story of yesterday's money transfer saga with everyone.
Because the transfer scandal had a huge impact on the internet, with 300 million euros being directly transferred into Lehman Brothers' bank account, it was met with a barrage of criticism from many German netizens, and even some foreign netizens gloating.
This incident also alarmed German Finance Minister Perstein: the truth must be thoroughly investigated and those responsible severely punished.
The law firm's investigators quickly interviewed dozens of researchers across various departments of the German Development Bank and then promptly submitted an investigation report to Parliament and the Ministry of Finance.
The investigation report was not complicated; it simply recorded what the interviewees did during those ten minutes.
Ulrich Schröder, CEO of the German Development Bank: I know that the transfer will be made today according to the terms of the agreement. As for whether to cancel this huge transaction, that should be decided by the board of directors.
Chairman Paulus: We haven't received the risk assessment report yet, so we can't make the right decisions.
Board Secretary Shih Li-fen: I called the International Business Department to request the risk assessment report, but the line was always busy. I think I'll try again later.
International Business Manager Crook: I'm planning to take my whole family to a concert on Friday night, so I need to call ahead and book tickets.
International Business Deputy Manager Immelman: Busy with other things, I didn't bother to check on Lehman Brothers news.
Hitterhofen, the senior manager in charge of business with Lehman Brothers: I had the clerk browse the news online and report to me immediately if there was any news about Lehman Brothers. I was on my way to the lounge for a coffee at the time.
Clerk Struck: At 10:03, I saw the news online that Lehman Brothers had filed for bankruptcy protection. I immediately ran to Hithofen's office, but he wasn't there. So I wrote a note and put it on his desk, thinking he would see it when he came back.
Settlement Department Manager Delbrook: Today is the trading day stipulated in the agreement. I have not received any instructions to stop trading, so let's proceed with the transfer as planned.
After Bai Doufu finished sharing, laughter filled the living room.
Wang Junhong and the others all burst into laughter.
I never expected that this group of people at the German Development Bank would be so eccentric.
A group of oddballs failed to take this matter seriously at a very crucial time.
If any one of them had taken the initiative to care about this matter and urged them to follow up, this bizarre thing would not have happened.
From the chairman to the operators, not a single person was stupid.
Sadly, at almost the same time, they all got a little distracted.
All of these results combined create the title of 'Germany's dumbest bank'.
Wang Duoyu remained silent. This seemingly coincidental event was actually inevitable.
The people inside the German Development Bank are all incompetent. Even though they all know that Lehman Brothers might collapse, they're all slacking off.
From this incident, Wang Duoyu could almost imagine that the German Development Bank would undergo a reshuffle in the near future.
Most importantly, this should serve as a warning to the Want Want Group.
Time flies, and September will soon be history.
The past month has been quite eventful globally, with the collapse of Lehman Brothers and the outbreak of the global financial crisis plunging many into fear and sorrow.
If you open your stock trading software and check the stocks in the US stock market, you'll see a sea of red.
All of them are stocks that have plummeted, including giants like Morgan Stanley, Goldman Sachs, and JPMorgan Chase. All of them have seen their share prices fall.
On the contrary, companies under the Want Want Group, such as Maple Tree Capital, Sun Capital, and Raptor Fund, are not listed companies and are therefore not affected by the US stock market.
However, companies like Velociraptor Fund have been extremely busy recently.
An army is raised for a thousand days to be used for a single moment.
Over the years, Want Want Group has cultivated so many people, and now is the time for a real battle, so it's natural to make good use of them.
Therefore, in September of this year, Want Want Group acquired a large number of high-quality assets.
Including skyscrapers in Manhattan, all of which are high-quality assets, they have all been successfully acquired by companies under the Want Want Group.
However, JPMorgan Chase is blocking the Raptor Fund's acquisition of Morgan Stanley, and has joined forces with several shareholders to prevent the Raptor Fund from successfully acquiring Morgan Stanley.
Morgan Stanley's stock price has plummeted to rock bottom since the collapse of Lehman Brothers, with its market value decreasing by 89 percent compared to the beginning of last year.
However, the Velociraptor Fund was not to be underestimated. Relying on its abundant funds, it increased its investment and acted swiftly.
However, JPMorgan Chase's obstruction was quite effective. Morgan Stanley's CEO, Naftali Benzvi, made his intentions very clear: he would not sell Morgan Stanley to the Raptor Fund.
They even threatened Allen Costa, head of the Velociraptor Fund: "If you insist on acquiring Morgan Stanley, then we will activate the poison pill plan!"
"Ha, you still want to activate the poison pill plan? Don't you even think about whether you still have the chance?"
Allen Costa sneered, then turned and left.
Naftali was extremely frustrated. He was originally a member of a Jewish financial group and was not on the same page as the shareholders behind Morgan Stanley.
Wall Street today is essentially a financial playground for three parties.
On one side were old white Anglo-Saxon financial groups, such as the Rockefeller family and the Morgan family, and on the other side were Jewish financial groups such as Naftaliben, represented by Goldman Sachs, Morgan Stanley, and Lehman Brothers.
The last party is the emerging conglomerate: the European Maverick Conglomerate, the most mysterious and also the most powerful conglomerate.
In fact, it's backed by the Want Want Group.
However, Want Want Group is very well hidden and highly dispersed, so it is not easy for the other two conglomerates to detect it.
In fact, there was another party: the Rothschild family, who appointed themselves as judges.
The Rothschild family is relatively low-key and pragmatic, and its strength is unfathomable. Neither the Morgan family nor the Rockefeller family would easily take action against the Rothschild family.
Because if they were to become enemies with the Rothschild family, the latter would likely unite with Jewish financial groups to fight against these old Anglo-Saxon financial groups.
Who made the Rothschild family Jewish?
However, the Rothschild family holds a high position and appoints themselves as judges, so they rarely engage in battle personally.
Even Jewish financial groups like Naftaliben could only curry favor with the Rothschild family and dared not take advantage of their power or engage in any other underhanded tactics.
In a game involving three conglomerates, it is easy to achieve a balance.
The Raptor Fund has already acquired nearly 30% of Morgan Stanley's shares. It now needs to acquire shares from several other Jewish families, the Mellon family, the DuPont family, and others to reach 51%.
Just as Allen Costa was racking his brains over how to persuade the Mellon family to acquire their shares, Facebook sent him some good news.
"What did you say?"
"According to the Nuwa AI's query, Gleason of the Morgan family personally arranged for people to cause trouble on the internet."
What's very noticeable is that a large number of insults targeting Jewish financiers have begun to appear on various anonymous forums and blogs on the internet, with particularly offensive content.
Many people are making baseless claims on the internet that Lehman Brothers executives secretly transferred $400 billion to Israel before the company collapsed.
This argument caused an uproar online.
The incident began when someone discovered a list in the ruins of Lehman Brothers' collapse that hadn't yet been destroyed, the contents of which sent chills down everyone's spine.
It was clearly written there that who should die and who should live had already been decided long ago.
Even the fact that Jewish financiers support Israel is on the list.
Allen Costa was overjoyed, but at the same time, Naftaliben was trembling with rage. He immediately threw the cup in his hand and cursed loudly:
"Bullshit, damn it, how could I possibly donate 50 billion dollars to Israel?"
Are you out of your mind?
If he had $50 billion in cash, of course he would keep it; why would he donate it to Israel?
However, on an anonymous forum on the internet, a document was clearly forged, bearing Naftaliben's handwritten signature, as well as checks, photos, and other evidence.
The evidence is irrefutable!
He has no room for excuses!
It's gone viral on the internet right now.
As the CEO of Morgan Stanley, Naftali held a high position of power, and his involvement in this scandal at this time makes him a clear scapegoat.
Besides him, dozens or even hundreds of other Jewish financiers and analysts who held senior management or chairmanship positions in major Wall Street financial companies were also subjected to verbal attacks.
There's no way to defend myself!
The key point is that so much information spread across the entire internet overnight, and within a day, not only Wall Street, but the whole of the United States and the world knew about it.
Naftaliben was very angry and wanted to curse.
But at this point, urgent public relations efforts are needed.
At the same time, it is necessary to arrange for someone to reverse these online arguments, and also to have a bigger news story to divert everyone's attention.
Tong Zhigang, who was in charge at Facebook, soon received a call from Naftaliben.
"Fuck, Tong, is this how your company tolerates its subordinates making up stories? Who gave you permission to slander us squid like this?"
"What are you saying?" (End of Chapter)
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