The Great Sage Returns from Ten Years of Imprisonment

Chapter 156 Public Enemy of Wall Street

Upon seeing Fuld emerge with several Lehman Brothers executives, numerous media reporters waiting outside the headquarters building immediately swarmed forward, eagerly asking questions.

"Good evening, Mr. Fuld. I'm a reporter from The Wall Street Journal. Are you about to announce the bankruptcy of Lehman Brothers? Could you explain the reasons for the bankruptcy?"

"Hello, Fuld, this is an NBC reporter. We understand that Paulson and Bernanke have issued an ultimatum to Lehman Brothers. Could you provide some details?"

In an instant, a barrage of questions came rushing in, all revolving around the collapse of Lehman Brothers.

Standing among several executives, Fuld coldly surveyed all the reporters present, but did not answer any of their questions.

After a moment's hesitation, he said in a cold voice:

"Good evening, ladies and gentlemen, friends from the media, I am Fuld, the current CEO of Lehman Brothers."

"On behalf of the board of directors of Lehman Brothers, I hereby announce that Lehman Brothers, a bank with a glorious 158-year history, will officially declare bankruptcy after midnight tonight."

"At the behest of the Lehman Brothers board of directors, the group's general counsel and legal representatives will file for bankruptcy in the Southern District of New York after midnight tonight..."

Before he could finish speaking, several furious roars suddenly rang out from behind the cordon.

"You're a fucking piece of trash, Fuld! You're the one who led Lehman Brothers and Wall Street to hell!"

"Go to hell, Fuld! You're responsible for all of this! From this day forward, you bastard, you're Wall Street's public enemy number one!"

Fuld swayed violently and nearly fell headfirst down the stairs.

Many media reporters at the scene quickly turned their heads to look at the desperate and angry Wall Street financial elites outside the police line!

Meanwhile, in the capital city.

The joint investment team's office area on the top floor of CIC's headquarters erupted in cheers like a volcanic eruption.

"As expected, Lehman Brothers declared bankruptcy. Without a doubt, the financial crisis began today!"

"My God! This behemoth with assets of six or seven hundred billion US dollars and managed funds of trillions of US dollars has actually collapsed!"

"This is incredible! This is absolutely an unprecedented financial tsunami, it's unbelievable!"

Everyone in the trading area cheered and danced with joy.

The same scene was playing out simultaneously in the United Securities investment team's office area downstairs, at the headquarters and Hong Kong Island branch of Yuanda Group, and even in Haizi.

"Well done, Xiaoling, your prediction was incredibly accurate!"

"It seems you were absolutely right, we've made a killing today, maybe we can earn back ten years' worth of profits in just one day."

Without prior arrangement, Deputy Director Li and General Manager Kong patted Ling Yun on the shoulder, their excitement evident.

Mr. Sun and Mr. Wang also wanted to join in the fun, but for the time being they couldn't get involved.

Just then, the cheers in the trading area suddenly grew even louder.

"Look, stock markets across Asia are starting to fall rapidly, clearly influenced by the news of Lehman Brothers' bankruptcy."

"Wow! Those guys who shorted stock index futures today are definitely going to get rich overnight!"

Hearing the cheers, Ling Yun's smile became even brighter.

The next moment, he glanced at the electronic screen hanging on the wall.

Sure enough, Asian financial markets are staging a dramatic plunge, with the market in a state of utter despair.

Deputy Director Li and General Manager Kong, who were also watching this scene, were secretly amazed amidst their excitement.

Lingyun's accurate judgment and analysis of the international financial market once again refreshed their understanding.

In the blink of an eye, trading resumed on the London Brent crude oil futures market and the New York WTI crude oil futures market.

As expected!

International oil prices began to fall rapidly, plummeting straight to rock bottom!

In the blink of an eye, international oil prices have approached the first liquidation line set by Lingyun.

$96, $95.5, $95, $94.6...

As international oil prices continued to fall rapidly, everyone became increasingly excited, and cheers erupted throughout the venue.

The moment international oil prices fell below $94, the trading area erupted in the biggest cheers and applause of the day.

Immediately afterwards, Ling Yun's voice came from the speakers.

"Start closing positions. The operational strategy remains unchanged: continue to sell in small, dispersed orders, but the frequency of sales can be increased by one to two times."

"Today's market trading volume has exploded, now five or six times the usual volume for the same period. Everyone can sell with confidence."

As soon as he finished speaking, all the traders responded enthusiastically.

"Got it, enjoy our performance!"

As they spoke, everyone sprang into action.

The operators responsible for liaising between the Hong Kong Island and Singapore teams quickly grabbed encrypted phones and relayed Ling Yun's instructions.

In the blink of an eye, the sound of keyboards clattering could be heard in the trading area.

Seeing this, Deputy Director Li and the others standing behind Ling Yun were so excited that they rubbed their hands together.

They knew in their hearts that the investment profits from today's super market rally could basically ensure that the entire civil aviation system would live very comfortably for the next ten years!

Add to that the investment profits from the previous month and the continued profits from the following months, and the total profit will surely be astonishing!

Since the establishment of the civil aviation system in China, when has it ever fought such a well-funded battle? I never even dared to dream of it!

All of this was brought about by this amazing boy in front of us; he created this incredible miracle single-handedly!

Thinking of this, Deputy Director Li and General Manager Kong looked at Ling Yun with even more fervor, their eyes filled with admiration.

What happened next was as if Ling Yun himself was controlling it with a remote control, proceeding exactly according to his plan!

The joint investment team's liquidation operation went very smoothly without encountering any obstacles!

In less than half an hour, the joint investment team successfully closed out all short positions at a minimum closing price of $93.2.

Based on the total holdings of the joint investment team and an average leverage of 120 times, this shorting of international crude oil futures has yielded a profit of over three billion US dollars!

When the statistics came out, everyone in the office went crazy!

The two investment teams, located in Hong Kong Island and Singapore, were in the same situation, all of them excited and overjoyed!

Meanwhile, the Yuanda crude oil futures investment team, which had just liquidated its position at $93.5, also began to cheer wildly in celebration.

International oil prices continued to fall, soon dropping below the $93 mark.

This was the entry point for the short-to-long position that Lingyun had set for the Yuanda crude oil futures team, and naturally, President Wang and his team wouldn't be polite about it.

The Yuanda team quickly reversed their short position and went long, using the 200 million yuan profit they had just earned to go long on international crude oil futures.

Before we knew it, it was noon.

In New York, across the ocean, it was around 1:40 a.m. on the 15th.

The Southern District of New York accepted the bankruptcy filing filed by Lehman Brothers and then publicly announced that the 158-year-old Lehman Brothers had officially entered bankruptcy protection proceedings!

When Lehman Brothers filed for bankruptcy protection, its nominal assets reached a staggering $6390 billion, and its fund management scale was even more extravagant, making it the largest bankruptcy case in American history!

From the moment the bankruptcy announcement was made, the subprime crisis that originated on Wall Street officially evolved into a massive global financial crisis.

As the news spread, the downward trend in the entire international financial market accelerated sharply, and panic reached an unprecedented level.

In the capital city, in the lake.

A very high-level impromptu meeting is being held in a small conference room by the lake.

The focus of this emergency meeting was none other than the newly erupted global financial crisis.

Just then, Deputy Director Zhang knocked on the door and entered the conference room, bringing everyone some exciting good news!

According to the State-owned Assets Supervision and Administration Commission (SASAC), as of fifteen minutes ago, the various investment teams had made profits exceeding US$260 billion in the international financial market.

"The investment teams guided by Lingyun alone have achieved a total investment profit exceeding $120 billion, a truly remarkable achievement!"

Upon hearing this result, several bigwigs in the room exclaimed in surprise.

"Wow, what an amazing kid! These results are incredible!"

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