Rebirth in 1998 starts with the stock god

There has been an uproar online about the bankruptcy of Turtle Valley Bank and Signature Bank.

However, this did not affect Chen Mo's short selling pace!

Another day later, Chen Mo directly asked people to post a message online to name them: "Sacheng Citizens Bank holds a large amount of toxic and junk assets and is already insolvent. I hope depositors will protect their assets."

If Chen Mo had made such remarks three days ago, experts would have definitely jumped out and said that this was a rumor spread by short sellers for the sake of short selling.

Most depositors and investors would definitely sneer at it and would not go to the bank to withdraw money on a hot day.

However, the bankruptcy of two very large commercial banks in three days has caused the confidence of the financial market to collapse!

In addition, Chen Mo was here to point out who went bankrupt, so depositors had to believe it.

At this point, Chen Mo doesn't even need to pay the cost of public opinion. He only needs to post a casual message on Weibo and mention the name of the bank to cause the bank's stock price to plummet and create a run risk.

That day, there was less time for lunch.

Sachs Citizens Bank was overwhelmed by depositors who came to withdraw money.

The stock fell 67% in the morning and was forced to stop trading.

Depositors are very excited, especially those who have saved a lot of money.

After the bankruptcy of the first two banks, they finally figured out that if they didn't get the money back on the spot, the insurance company would pay at most 25 in compensation after the incident!

“Repay me my hard-earned money!!!”

“Sacheng Citizens Bank is a liar!!!”

“Hegemon Finance is going to be over, and we can’t even afford to pay back this little money!!!”

“Can’t this country even protect the savings of its citizens?”

"..."

Angry depositors broke down the bank's door.

The bank staff were so frightened that they called the police.

The Federal Reserve Bank also quickly sent people to take over Sachs City Citizens Bank, and urgently declared Sachs City Citizens Bank bankrupt, and quickly asked insurance companies to pay compensation to depositors.

The fourth main god, Rom, was already sweating profusely.

It was only the third and a half days before another bank went bankrupt! ! !

Now the whole banking world is in turmoil, and everything is in jeopardy!

They were afraid that Chen Mo's Kongshen camp would short-sell them.

The crisis at Sac Citizens Bank is not over yet.

In the afternoon, Chen Mo’s Weibo was updated again:

"There is not much time left for Sanzhou Bank in the heartland. Alas, it is a pity for this bank."

Chen Mo didn't even say anything to advise savers to pay attention to risks.

But depositors all understand what Chen Mo means.

As a result, that afternoon, in just three hours, Sanzhou Bank in the heartland was bankrupted by a swarm of depositors and investors who came to withdraw money.

But the president of this bank was a thief. He immediately announced a vacation that day and didn’t even dare to open the door. He went directly to the authorities to go through the bankruptcy process.

Within one day, two large commercial banks went bankrupt! ! !

The cost Chen Mo paid was just to post two Weibo posts, and they were only posted in Daxia, and he didn't even post them outside!

The total editing time for these two Weibo posts is less than 3 minutes!

Nowadays, the name "Sky God" has been widely spread not only in the financial world, but also ordinary people who don't use the Internet very much know Chen Mo's name.

The number of Chen Mo's Moxin Weibo followers skyrocketed from tens of millions to more than 100 million in just three days!

The scariest thing is...

These new fans are all live fans, and their IP addresses are all from foreign countries! ! !

Foreigners all know that Chen Mo is currently doing a "roll call" on Daxia's Moxun Weibo.

This roll call is to name someone who goes bankrupt!

The accuracy rate is as high as 100%!

Soon, this group of foreigners learned a new vocabulary from Chen Mo's Weibo - "The Eastern God of Death uses the Death Note to call names," which translates to "The King of Hell clicks on Mao."

At this time, many people, especially the Daxia people who did not understand Hegemony, finally began to disenchant themselves with Hegemony!

They discovered that there was no guarantee that the money originally deposited in Baguo's bank would be gone.

It turns out that bank bankruptcy can be so casual. If you run out of funds, you can directly apply for bankruptcy, and then you will have no responsibility.

Some banks were even frantically extending loans with high interest rates the day before they collapsed to defraud money!

As for the so-called guarantee...

Deposit 10 billion, and the cap only guarantees 25, which is the same as nothing!

The crisis of trust has been spread by Chen Mo's short-selling operation in the banking world of the hegemonic country.

Another day passed.

Chen Mo didn't even name names that day, but directly attacked more than 30 small and medium-sized banks!

This fed back into the broader market, with share prices for more than 50 banks plummeting by 70%-% at the opening, and then trading was stopped immediately.

Turtle Valley Bank is the 18th ranked commercial bank, Signature Bank is ranked 21st, Sachs Citizen Bank and Heartland Tricontinental Bank are 29th and 65th respectively.

These four banks are already considered outstanding among the thousands of banks in the hegemonic country. Even so, they will go bankrupt when they should, let alone small and medium-sized banks.

Now in the eyes of investors and depositors, the small and medium-sized banks in the hegemony have no ability to bear risks!

There was no need for Chen Mo to remind him that countless depositors set off a wave of withdrawals!

And then there's the ripple effect.

Depositors rush to withdraw money and run - banks don't have that much cash and cannot cash out - the capital chain is broken - thunderstorms and bankruptcy - causing market panic and causing more depositors to withdraw money - more banks go bankrupt.

A week later, Chen Mo shorted a total of 230 banks, of which 221 banks went bankrupt and the stock prices of the remaining 9 banks plummeted by more than 60%!

Short selling action, unprecedented success!

The entire banking world of Hegemony is in chaos!

On this day, the banking industry rarely convened a meeting with bank presidents and heads of financial institutions from all over the world to discuss how to deal with Chen Mo's unscrupulous short selling behavior.

"We can't let Chen Mo be so arrogant anymore!"

"What the hell are the Overlord officials doing? Why don't they care about Chen Mo, who has grown up to be a short seller?"

"Control? They can't control the subprime mortgage crisis and inflation, so how can they have time to control us?"

"In my opinion, let's go to the head of the Financial Secretary and the head of the Federal Reserve Bank together and ask them for an explanation!"

"..."

Just when most people were complaining with indignation, the president of the First Republic Bank, ranked ninth with assets of 9 billion U.S. dollars and deposits of 2330 billion U.S. dollars, said: "Actually, I don't think you all are to blame. Chen Mo. The reason why Hegemony allows short selling is because it is a means of market supervision and regulation. Who made your leverage ratio and debt ratio so high? "

"And, the root cause of this crisis is the subprime mortgage crisis!"

“Only by resolving the subprime mortgage crisis can the root cause of the problem be solved.”

Although what the president said is reasonable, it seems a bit gloating.

After all, First Republic Bank is owned by the foundation and belongs to his biological son, unlike them.

However, at this moment, someone exclaimed: "Look, everyone, Chen Mo has posted on Weibo to call his name again!!!"

Everyone immediately put aside the discussion and clicked on Moxin Weibo with sweat on their foreheads.

Then everyone looked at the president of First Republic Bank with strange eyes...