Reborn with wealth that rivals the country.

Foundation headquarters.

Solomon breathed a sigh of relief when he saw the more than 3 trillion dollars deposited into his account.

From the time when Chen Mo made a CDS and started shorting Baguo Real Estate, to the time when Bells and others took place, and then to the full outbreak of the subprime mortgage crisis, it can be said that the Foundation has suffered repeated setbacks and has never won once.

So far, Solomon has calculated that the losses are at least 14 trillion, and this is the result of using a lot of taxpayers' money from hegemonic countries to plug the holes, otherwise the number might have been over 20 trillion.

In fact, it stands to reason that Solomon cannot follow Chen Mo in shorting the banks of these countries.

One reason is that the banks in these countries are major clients of CDOs, and shorting them is actually stimulating the further expansion of the subprime mortgage crisis.

The second reason is that many of these banks contain assets belonging to other main gods or allies of the foundation.

What Solomon did was equivalent to using the assets of other gods or allies to plug his personal holes.

In this situation where failure will lead to catastrophe, members and allies are of course only for use!

But Solomon only dared to do this secretly. If other main gods or allies really knew about it, then the foundation would probably be disbanded!

At this time, Michelle came over and said respectfully: "Mr. Rothschild, the First Republic Bank can no longer bear it. Hafiz asked me to ask you for help."

A few days ago, the First Republic Bank had a brief respite because its firepower was diverted by other banks. However, after Chen Mo defeated 35 countries, he immediately mobilized his firepower to target the banks in the hegemonic country.

Hafizı was suddenly under a lot of pressure again.

Solomon frowned: "Actually, the failure of these banks is not entirely a bad thing."

After the bank fails, the debt is naturally written off.

As for deposits...

50% of the deposits of the banks that were bankrupted by Chen Mo came from foreign countries, and many even came from Daxia.

The remaining 50%, although they come from the hegemonic countries, are all ordinary people from the bottom of society.

The deposits of powerful people were transferred first before the bank went bankrupt.

As the hegemonic banks went bankrupt one after another, the investment banks under the name of the foundation, such as Mogen Chase, could acquire them at low prices!

The hegemonic country not only reaps the whole world, it also does not spare its own people.

After hundreds of banks went bankrupt, a lot of debts were eliminated and a lot of bubbles were burst, which was equivalent to using depositors' money to help the foundation fill holes.

Michelle knew what Solomon meant, but he worriedly said, "The bankruptcy of small and medium-sized banks really doesn't have much impact, and it can even be said to be good for us.

But if too many bankruptcies, especially those of large commercial banks, occur, it will cause a crisis of trust and further amplify the subprime mortgage crisis and inflation.

I'm not afraid that First Republic Bank will go bankrupt. What I'm afraid of is that its bankruptcy will lead to the bankruptcy of other big banks!

As long as the dominoes don't connect, it doesn't matter how many they fall down. I'm just afraid that they will connect and knock over all the dominoes. "

Solomon nodded in agreement.

Although Chen Mo’s short selling is very powerful, the scale is not large enough.

95% of the banks that he shorted and went bankrupt were only small and medium-sized banks and some of the top medium- and large-sized banks, and there were no super-large banks that ranked among the top such as Bales.

First Republic Bank is barely considered a very large bank, much smaller than Bells and others, but its influence is already great.

"What is the current situation of First Republic Bank?" Solomon asked with a sigh.

"Under the attack of Chen Mo's Sky God Camp, the Bank of Hegemony continued to collapse, causing the high-quality depositors of the First Republic Bank to become extremely sensitive.

In the past, we could fool them because we had a strong insurance base. Even if the bank went bankrupt, everyone would still have a lot of their savings.

But now many people already know that the FDIC upper limit is 25, and more than 78% of First Republic Bank's depositors have deposits above 25.

The median deposit is as high as 330 million Baguo currency.

For them, the insurance of 25 Ba Guo currency is not a drop in the bucket, but it is almost equivalent to nothing. "

"Therefore, after Chen Mo conducted the "Yanwang's Call" on the First Republic Bank, a huge crisis arose because the customers of the First Republic Bank were too outstanding.

The risk of a run on good depositors is much greater than that of a run on ordinary depositors. "

"Since Chen Mo started short selling, within one month, 1% of the country's small and medium-sized banks have fallen into a liquidity crisis, with a large loss of deposits.

The kbw regional bank index is even more disastrous, with one-third of the total market value of regional banks evaporating within a month.

So is First Republic Bank. "

Michelle reported a large amount of data to Solomon with a slight headache.

Solomon gasped.

He didn't expect that the situation had become so serious!

Originally, Solomon was thinking that by taking advantage of Chen Mo's short selling, he could also make more money from the bank to make up for his losses.

In this way, small banks fall and big banks profit, and his losses can be reduced a lot.

But now it seems that the situation has become serious enough that Solomon has no choice but to save him.

"Send my order and ask other big banks to assist First Republic Bank!"

“We must not let it go bankrupt!”

Solomon said solemnly.

"Yes!"

On the same day, 11 large banks, including Morgan Chase, jointly announced their support for First Republic Bank!

The 11 banks announced that they would provide 300 billion U.S. dollars in deposits to First Republic Bank to help it overcome its difficulties.

Henry Paulson, the Secretary of the Treasury, also publicly stated: "The government will not abandon any bank, nor will it allow some people with ulterior motives to maliciously short sell!"

The money has been given, and the official attitude has also been given.

Two major positive factors coming at the same time!

First Republic Bank's stock price, which had already hit rock bottom, began to reverse, rising by 30% at one point!

Countless savers and investors believe that this may be the "final ending" of the "bank bankruptcy".

Everyone celebrated wildly online:

"The great attack by the Sky God that lasted for more than a month is coming to an end!"

“Finally, I don’t have to worry about my savings disappearing for no apparent reason.”

"The banks should have united and boycotted the God of Space long ago!"

"This counterattack will probably cause Kong Shen to suffer a great loss and lose a lot of money!"

"Chen Mo's undefeated myth ends here!"

"..."

Mo Xun Building, Chen Mo’s office.

He Chaoling reported the situation to Chen Mo: "Boss, First Republic Bank seems to have been saved. Currently, more than 10 of our short-selling accounts have been liquidated, and the rest have been added to their positions in time and have not been liquidated."

"Now customers seem to have regained confidence in First Republic Bank, plus the bank's low debt ratio and 11 other banks offering help...

I'm afraid our short selling this time has failed. "