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Text Chapter 726 Feast of Wealth

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    Now back to the subject, for now, in addition to industrial investment, most of the Nansam Fund's funds flow to JPMorgan Bank.

    In the two years from 2007 to 2008, Citigroup suffered a cumulative loss of US$33 billion, Merrill Lynch lost US$26 billion, Bank of America lost US$9 billion, and JPMorgan only lost US$5 billion. It can be called a winner in life.

    Even if investors are not willing to put their money in the bank and earn interest, they can only stop under the dark curtain of the subprime mortgage crisis.

    However, this lull has recently ceased to exist.

    This is all to be blamed on one person - Madoff.

    Today, the former Nasdaq chairman must be crowned with the title of "the largest fraudster in American history". The "Ponzi scheme" he operated has a fraud amount of more than 60 billion US dollars.

    JPMorgan Chase is Mr. Madoff¡¯s depository bank and is suspected of not reporting the information.

    During the trial of this case, JPMorgan Chase was also pushed into the dock by the victims who suffered heavy losses.

    JPMorgan Chase agreed to pay $1.7 billion to the U.S. Department of Justice.

    , $1.7 billion is "the largest bank fine in history."  ¡°JPMorgan Chase failed as an institution and failed spectacularly,¡± Bharara said.

    At this point, Nansam¡¯s shareholders are very excited, demanding that Nansam Fund sever any cooperation with Xiaomo to avoid being ¡°implicated.¡±

    As for the subprime mortgage crisis, Citigroup announced a profit of US$19 billion in January and February this year.  After Bank of America also announced that it had achieved profits in the past two months, the Dow Jones Industrial Average rose nearly 240 points, the 747th consecutive chapter. We can¡¯t continue like this,¡± Paul shouted, ¡°My money is money, and I won¡¯t take it.  It's all in vain.  "

    "Li, we came here today hoping to see fairness." Before Li Qingzhe could respond, someone immediately attacked, "We are friends and business partners, but you abandoned us and ate the apple alone.  Oh my gosh, we didn¡¯t smell any soup at all.¡±

    Most of Apple's shares are not so much in the hands of Nansam as in the hands of Li. Only a few major shareholders get such a small share of the leftovers.

    "Yes, our money is lying in the bank and eating interest. It's a shame for a speculator!"

    "Everyone," Li Qingzhe raised his voice slightly: "Jimmy did not pile our money in the warehouse, it is increasing in value, increasing in value!"

    , Nansam Fund has obtained an investment income of 7% in JPMorgan Chase¡¯s commercial investments, which is already a good result.

    "Don't mention that bald man, Li, we are a fund, a fund that wants to suck blood!" Even in the Nansam Fund, which is mainly based on industry, radicals account for the majority of seats, and commercial investment spends most of its time gambling.

    "We want apples!" An old man with snow-white hair and almost all his teeth shouted, "We are a whole and must be treated fairly."

    ¡­¡­

    The so-called general meeting of shareholders is actually no different from a vegetable market, except that the noisy people standing out casually are all wealthy people.

    Xicheng didn¡¯t sleep well yesterday and was a little drowsy in this bustling venue until his cousin pushed him awake.

    "Ahem, this is my grandson," Li Qingzhe said proudly when he saw his grandson standing up: "Apple's investment is his handiwork. You big shots don't want to snatch toys from children."

    ¡°This is the decision-maker, a kid, oh my God!¡±

    ¡°Aha, a singer.¡±

    "Who can tell me this is not true? My son broke his leg while racing with others last week. He is the same age as him"

    Xicheng glanced at the venue, and after it calmed down, he said slowly: "I'm sorry, I fell asleep. I thought this was a feast of wealth, but unfortunately, I only saw a group of dissatisfied old men  ¡­¡±

    Everyone in the audience was dumbfounded, and some couldn¡¯t help but laugh.

    "Ahem, talk nicely, they are all your elders," Li Qingzhe suppressed his laughter and coughed twice.

    "Okay, dear gentlemen," Xicheng held the table to support his still sleepy body, "I know you are eager to make money and want to transfer money out of the lawsuit-ridden JPMorgan Chase Bank, but you just  After seeing Xiaomo¡¯s filth and ugliness, don¡¯t you see this as an opportunity?¡±

    "Opportunity, what opportunity?" An old gangster whistled, "The young man continued, I am optimistic about you."

    "BlackRock, Vanguard Group, and Fidelity International Investment have no plans to increase their holdings, and they even plan to get rid of some of them. Other fund organizations, large and small, all want to exit the market just like you. Don't you think  Have you ever taken advantage of this opportunity to enter the market?¡±

    ?"Oh, that's crazy!"

    "Where do you want to go? Oil is stumbling, has anyone made any money? Microsoft's second quarter net profit fell 11%, and it plans to lay off 5,000 people. Who else is not losing money? The car market is losing money everywhere, who can help me?"  Find one with a decline of less than 20%"

    The old guys opened their mouths but were speechless.

    "But the United States will not fail," Xicheng changed the subject. "The new Obama is actively urging the Senate to pass a new economic stimulus package totaling US$819 billion to save the U.S. economy. The United States will not fail, and neither will the banks.  If we fail, our opportunity is right in front of us.¡±

    ¡°819 billion, that¡¯s a joke,¡± most of the people present scoffed, campaigning for something that was an extension.

    "Even half of it is worth our participation. Gentlemen, we need the salvation of American conquest," Xicheng said with a rare hint of humor.

    I don¡¯t know since when, the issue began to change from taking money out of the bank to invest in it, and slowly changed to whether to make a fortune from Xiaomo before leaving, or to just stay put.
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