The Great Sage Returns from Ten Years of Imprisonment

Chapter 253 My Name Is Everywhere

Just as Ling Yun was embracing Jia Jingwen as they drifted off to sleep, the financial storm he had orchestrated intensified and was rapidly sweeping across the international financial markets.

The news of Goldman Sachs and Barclays' huge losses in their bet quickly had a huge impact on the two financial institutions!

In particular, the already existing debt repayment capacity and liquidity crisis have been severely damaged!

Upon hearing of such staggering losses, countless investors and institutions have questioned whether Goldman Sachs and Barclays are truly capable of repaying this debt.

Fortunately, Goldman Sachs and Barclays' stocks were suspended from trading immediately; otherwise, in the current market environment, their stocks could have crashed rapidly!

Even so, Goldman Sachs and Barclays are still facing a crisis of confidence and could face a run on their banks at any time!

Before dawn, many investors and institutions called the two top financial institutions to inquire about the safety of their investments and bank deposits.

Once it's determined that Goldman Sachs and Barclays won't survive, these investors and institutions will not hesitate to redeem their funds quickly or rush to the banks to withdraw all their deposits.

Seeing that things were not going well, Goldman Sachs and Barclays quickly issued public statements.

They unanimously emphasized that their losses in the stock index options bet against Yuanda Group were not as staggering as the rumors suggested!

More importantly, they will begin negotiations with Broad Group as quickly as possible to find a solution acceptable to both parties!

The solution is contingent on it not disrupting the normal operations of Goldman Sachs and Barclays, and not harming the interests of investors!

Many professionals sensed the same thing from the public statements of Goldman Sachs and Barclays.

That means Goldman Sachs and Barclays are intentionally defaulting on their debts, refusing to acknowledge the huge losses incurred in this bet, or only acknowledging a small portion of the losses!

Once this is understood, many professionals and organizations feel much more at ease!

In the eyes of these guys, Yuanda Group was just an obscure investment firm, while Goldman Sachs and Barclays were world-renowned top financial institutions!

If Goldman Sachs and Barclays want to default on their debts, Yuanda Group will likely have no recourse and will have to suffer in silence!

Even if they are unwilling to accept the outcome and decide to pursue the profits from the betting agreement through a lawsuit, the case will definitely be protracted and they may not be able to win!

If Goldman Sachs uses its power and influence to move this lawsuit to New York, Yuanda Group will undoubtedly lose!

In addition to issuing a timely public statement, Goldman Sachs and Barclays took other measures to mitigate the negative impact!

One of the measures was announced swiftly by the British government.

The government provided a £500 billion liquidity guarantee to Barclays, clearly demonstrating its firm support for the bank and its refusal to nationalize it.

With this public statement from the British government, the imminent risk of a bank run at Barclays was quickly averted!

Following this, the Federal Reserve issued a statement saying it would provide Goldman Sachs with ample liquidity!

The imminent threat to Goldman Sachs was reduced, and the entire international financial market breathed a sigh of relief, with the atmosphere easing slightly.

New York, late at night.

Having rushed back to headquarters from the Federal Reserve Building in New York, Lloyd strode out of the elevator and headed straight for the CEO's office.

I had barely taken two steps into the office area when a beautiful secretary swayed gracefully as she greeted me.

"Good evening, boss. Mr. Buffett, his lawyer, and the chief investment officer are waiting for you in the meeting room outside the office."

Lold nodded with a dark expression and immediately got to the point.

"I understand. Did Warren mention why they came to see me so late?"

The beautiful secretary shook her head and explained in a low voice.

"Mr. Buffett didn't say why he wanted to see you; he only said that they happened to be on Wall Street and wanted to discuss some things with you."

Lourdes' eyelids twitched violently; he had a bad feeling.

As they spoke, they quickly walked through the office area and arrived at a luxurious meeting room next to the CEO's office.

The person sitting in this reception room is none other than the famous stock market guru Warren Buffett, along with several of his entourage.

The person accompanying them was a vice president of Goldman Sachs.

Upon seeing Lourdes enter with his men, everyone immediately stood up!

Buffett was the last to stand up, and greeted Lloyd with a smile.

"Good evening, Lourdes. I hope I haven't disturbed you. I heard you just went to the Federal Reserve Building in New York!"

"I saw the public statement just released by the Federal Reserve, and I must say, your response was very swift and correct; this is exactly the outcome I wanted to see!"

Lloyd breathed a sigh of relief and stepped forward to shake hands with Buffett.

"Good evening, Warren. I didn't expect you to come so late. If I had known, I would have come back sooner."

"I did just go to the Federal Reserve Building in New York and discussed the problems facing Goldman Sachs with Henry and Geithner, and we found a solution!"

"The Fed's statement is just the first step; there will be more actions to come. As I said before, in the international financial markets, no one can take advantage of Goldman Sachs."

"Great, that puts our minds at ease."

Buffett smiled and nodded.

After chatting for a few more minutes, Lloyd took Buffett to his office.

The other Goldman Sachs executives, as well as the guys who came with Buffett, all stayed outside waiting; they weren't qualified to participate in the conversation!

Upon entering the office, Lloyd invited Buffett to sit on the sofa and exchanged a few polite words.

Buffett, however, didn't bother with beating around the bush and went straight to the point.

"As I mentioned on the phone before, I wanted to see the stock index option betting agreement from Yuanda Group, and I hope to obtain the relevant documents as soon as possible."

"To be honest, I really didn't expect Goldman Sachs and Barclays to lose so badly, especially to a relatively unknown Chinese investment firm!"

"This indirectly proves that Yuanda Group's performance-based agreement must be flawless, otherwise it wouldn't have put you in such a predicament."

"In light of this, I'm even more eager to see this performance-based agreement. Perhaps I can glean some insights from it that will come in handy later!"

Fuck! Why don't you just die, you cunning old fox!

So you're trying to figure out how Goldman Sachs is doing this? That's incredibly underhanded!

Lauder, his face dark, cursed under his breath, then nodded in response:

"Okay, Warren, I'll have my secretary prepare the documents for this stock index options betting agreement right away!"

"I must admit, this stock index option betting agreement was indeed flawless, and it put us in a very awkward position."

"But in the international financial market, strength is the decisive factor. Compared to Goldman Sachs, Yuanda Group is simply not worth mentioning!"

"That's true, and I believe you can handle this issue well."

Buffett smiled and nodded, then changed the subject.

"There's something else I just heard tonight: the mastermind behind the crude oil investment team at Yuanda Group is very likely that same prodigy."

"Previously, our crude oil investment department made a misjudgment in the crude oil futures market, resulting in considerable losses, while Yuanda Group made a fortune!"

"After learning about this, I've become increasingly interested in this amazing young man. I wonder if you've obtained his crude oil investment strategy?"

"And give me all the investigation data I mentioned before. I need to study this amazing kid carefully, so I don't get screwed over by him later."

Upon hearing him mention this, Lourdes immediately recalled a familiar figure!

That was Tommy, the crude oil futures investment director who jumped from the company roof and died in front of the headquarters building!

Thinking of Tommy's tragic death, Lloyd couldn't help but feel a pang of bitterness.

He suddenly realized that many of the troubles Goldman Sachs had experienced in the past six months seemed to be closely related to that amazing young man in China!

Fuck, is this bastard trying to destroy Goldman Sachs?