The two sides also reached a consensus on funding. In order to ensure the smooth operation, JPMorgan Chase can mobilize 5 billion US dollars for this operation. In addition to the funds used to mortgage the company's stocks from various securities peers, it is expected that 2 billion US dollars can be used to short the Nasdaq and the Dow.
Zhang Junfeng was somewhat surprised by Nacho Morgan's "big move" and said with a smile, "JPMorgan Chase has invested so much money this time. What if something unexpected goes wrong and a loss occurs? So much money will be wasted!"
"Hehe, the worst that can happen is that we will lose the profits we made before~! No one in an investment project can guarantee that every operation will be profitable. Even if those people (group executives) have opinions, they won't say much..." Nacho Morgan said confidently.
As the head of JPMorgan Chase for nearly ten years, he has already eliminated the disobedient guys in the entire group through the "personnel adjustments" in recent years. The remaining ones can be said to be either his followers or subordinates who just do his orders.
The atmosphere of the entire group is not comparable to that of Goldman Sachs, which is currently plagued by internal disputes.
——————Dividing line——————
Seoul, Korea, as time goes by, Mr. Daejong's term of office is coming to an end. The new round of presidential candidates are eager to try, and they have begun to organize and plan the next tour speeches and canvassing for votes in advance.
What Zhang Junfeng did not expect was that in addition to Wu Xuan, Li Huichang, Li Renji and others, Zheng Mengjiu's sixth brother Zheng Mengzhun also got involved.
This matter was mentioned unintentionally when Chung Mong-koo and Zhang Junfeng were discussing work. As the elder brother, Chung Mong-koo even said jokingly that if Zhang Junfeng was interested, he could build up momentum for his brother. Perhaps the old guy could step on dog shit and ascend to the presidency, which would make up for the regret that old man Chung Ju-yung failed to accomplish.
Zhang Junfeng looked very serious about this. He said with a serious expression, "Chairman Meng Jiu, if possible, let President Meng Zhun give up the election. No matter how scheming those politicians are, they will not allow a member of a chaebol family to ascend to the throne of power!"
"Otherwise, how could Chung Ju-yung, the head of the largest chaebol in Goryeo, fail in the election? Do you think that after the new president takes office, he will get along harmoniously with his former rivals and pretend that nothing happened?!"
Zhang Junfeng's words were like a sharp knife, directly waking up Zheng Mengjiu who was still immersed in a series of successes.
Chung Mong-koo was shocked and broke into a cold sweat. You really can't think too much about some things! Once you think too much, you will connect some things and details together, and the truth you get will often make you terrified! Perhaps the reason why the once glorious Hyundai Group is declining and splitting up is that the subsequent presidents instigated and encouraged it behind the scenes!
They thought that if they provided financial support to the Blue House, the other party would not cause them trouble. Now it seems that they thought these politicians were too simple and naive!
…
"President Zhang, I understand what you mean. I will contact Meng Zhun later and ask him to give up his unrealistic fantasies so as not to bring trouble upon himself~!" Zheng Mengjiu said in a firm tone.
Although he didn't get along with the fifth brother, Zheng Mengxian, he was quite nice to the third, fourth and sixth brothers who had joined him. He didn't want them to make mistakes and cause trouble.
"…By the way, Chairman Zhang, who do you think will be the winner of this presidential election?" Having witnessed the secret operations of his father, Chung Ju-yung, Chung Mong-koo felt that as long as they did not go against the other party and gave the other party a certain amount of "benefits" afterwards, the winner should not make things too difficult for a head of a large enterprise like himself.
"According to the current situation, Li Huichang, who has held important positions before, has a clear advantage. Wu Xuan should not be his opponent. However, it is not the most critical moment yet. There is no guarantee that some shocking scandal will be exposed, which will cause a significant reversal of the situation."
Hearing what Zhang Junfeng said, Zheng Mengjiu quickly understood the meaning of his words. Lee Hoi-chang was in a high position and must have participated in things that violated the laws of Goryeo. Once these scandals were exposed by someone at a critical moment, this politician known for his integrity and reform would most likely be "disgraced"!
"…If Wu Xuan succeeds in taking the position, what will happen to us? It is said that this guy seems to have a lot of opinions about these large domestic companies and chaebols. If he targets us, it will be troublesome~!" Zheng Mengjiu then asked about his concerns.
After becoming the head of the group, he began to consider the conflicts of interest that he had rarely been involved in in the past, fearing that some of his decisions would bring about a series of negative chain reactions.
"It doesn't matter. What we want is for him to win the election so that we can move forward with the next plan! If this guy Li Huichang comes to power, our preparation will be insufficient. As for the election for the mayor of Seoul, Chairman Meng Jiu must remember to put in more effort. Mr. Mingbo still needs our joint support!" Zhang Junfeng smiled and comforted the other party.
After more than half a year of advance deployment, Zhang Junfeng had already secretly woven a huge invisible net, waiting for Wu Xuan to succeed in taking the position and "fall into the trap"! According to his deployment, it would at least delay him for two or three years.
By the time the other party reacted, most of his term had passed, and he had provoked quite a few "enemies". If he chose to fight to the death with the other party, then the ending of his previous life would probably be "inescapable"!
…
Hearing what Zhang Junfeng said, Zheng Mengjiu was stunned at first, and then a bright smile appeared on his face, "Of course, our New Hyundai Group will definitely support Mr. Mingbo's affairs!"
Seeing Zheng Mengjiu's firm promise, Zhang Junfeng showed a satisfied smile on his face.
…
Cheong Wa Dae, inside the President’s office.
Listening to his subordinates reporting on the recent domestic economic data, Mr. Da Zhong smiled with satisfaction. According to the current situation, by the end of August this year at the latest, the Central Bank of Korea will be able to collect the last loan that the IMF has provided. This means that Korea has repaid the emergency rescue loan of up to 19.5 billion US dollars three years ahead of schedule. From now on, the IMF can only provide economic advice to Korea and no longer have the right to directly interfere in Korea's economic policies. Korea's economy has thus bid farewell to the "IMF era".
Such an inspiring news is undoubtedly great news for Mr. Da Zhong, who attaches great importance to personal reputation and political achievements!
I still remember that when he was running for election, he made a promise to the people of the country that he would lead Goryeo out of the fate of national bankruptcy and lead everyone to become prosperous again. Now that he can successfully achieve it, he can be said to have "successfully fulfilled" his original campaign oath! ...
"…By the way, what is the progress of the Jeju Island tourism project now? Can it be successfully completed before the end of next year?" Mr. Volkswagen, with a happy look on his face, quickly shifted his attention to another "big project".
"The progress is going smoothly. Those big companies dare not delay the construction period, for fear of having to pay huge compensation after breach of contract. However, according to the current situation, after the completion of the Jeju Island tourism project, it will take a long time for normal operation to generate income..."
Listening to his subordinate's detailed answer, Mr. Daejong waved his hand with a smile, "These problems are not big. As long as I ensure that the Jeju Island tourism project continues to be started during my term and keep the domestic unemployment rate from increasing sharply, it will be the greatest 'contribution'!"
"As for how to make a profit after completion, that will be the next president's business~! If he can't even properly handle this kind of thing, then it can only be said that his means and abilities are not strong enough..."
Seeing that Mr. Da Zhong was going to "pass the buck" to the next president, the subordinates were stunned for a moment, then quickly reacted and nodded in agreement. As for the next president, we can only wish him good luck!
——————Dividing line——————
Time passed unknowingly, and in early September 2001, Zhang Junfeng came to New York, USA with a group of trusted subordinates. In addition to visiting Catherine Zeta-Jones and his daughter, it was more to deal with the previous investment short-selling plan.
During this period, the Nasdaq index that Zhang Junfeng and others shorted still failed to stabilize its downward trend, which brought them certain profits. However, the Dow Jones index, airlines and insurance companies that they shorted did not continue to fall as they expected, but stopped falling after more than a month and showed a faint upward trend.
This caused a large loss in the nearly 8 billion U.S. dollars they had previously invested in funds and futures contracts. Nacho Morgan even said bluntly that if this continued, the 8 billion U.S. dollars would most likely be lost.
Zhang Junfeng remained calm and composed. He suggested to Nacho Morgan that they could arrange a short vacation in the near future to relax. Maybe it won't be long before a turnaround comes~!
Seeing Zhang Junfeng being so confident, Nacho Morgan, who was originally a little worried, could only sigh helplessly, and then agreed to Zhang Junfeng's proposal. He would take some trusted subordinates to the Morgan Manor in the suburbs to relax from September 10th to 14th.
In addition, Zhang Junfeng also extended an invitation to Mato Walsh, but Mato Walsh, who had already successfully won the appointment as the president of Goldman Sachs Group, showed a strong sense of professionalism and politely declined the proposal to skip work and take a vacation.
Zhang Junfeng could only smile helplessly, hoping that this guy would be lucky enough to survive the "nightmare"-like September 11th~!
…
On the morning of September 11, Zhang Junfeng and Anne Hathaway-Morgan were enjoying a wonderful sunbath on the lawn of the manor, while Nacho Morgan was chatting and laughing with them, and he was in a very good mood.
At this moment, a nervous subordinate rushed over from outside, "Mr. Nacho, a call just came in. There is an emergency on Wall Street!"
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
Seeing his subordinates' unusually nervous expressions, Nacho Morgan, who was originally smiling, suddenly turned serious. "What happened over there? Tell me!"
"According to the news from them, the Twin Towers of the World Trade Center, less than one kilometer away from Wall Street, were hit by two planes! The Twin Towers have collapsed, and our staff there are out of contact. The wreckage from the collapsed buildings has even affected several surrounding buildings..."
Hearing the "explosive" news reported by his subordinates, Nacho Morgan stood up suddenly and confirmed the authenticity of the news again! He was also afraid at this moment. If he had not come out with Zhang Junfeng and others to take a vacation, he would most likely still be working on Wall Street these days. You know, the area where their JPMorgan Chase is located is very close to the World Trade Center Twin Towers. If there was a meeting or something and he ran to the World Trade Center, he, Nacho Morgan, might have become the "unlucky guy" who died in this disaster!
Zhang Junfeng on the side also showed the same surprised expression as Anne Hathaway-Morgan, but there was a flash of relief in his eyes. What was supposed to happen finally happened~!
…
It turned out that just over half an hour ago, American Airlines Flight 11, hijacked by terrorists, crashed into Building 1 (North Tower) of the World Trade Center in New York, and flames shot up into the sky and thick smoke billowed in an instant.
People in the building climbed out of the window to ask for help, but because they could not stand the long-term high temperature and thick smoke, many people chose to jump from the high building, resulting in more than 200 people jumping to their deaths. Then, at 9:03:11, another hijacked United Airlines Flight 175 crashed into Building 2 (South Tower) of the World Trade Center, also causing a huge explosion and fire. The two buildings collapsed one after another after being attacked, and the scene was like the end of the world.
After the attack, rescue teams rushed to the scene, but faced with such a huge disaster, their efforts were overwhelmed. Many people lost their lives in despair, and countless families were broken up.
…
As the towering Twin Towers of the World Trade Center collapsed, American television news was soon flooded with coverage of the event.
This was the first time in the hundreds of years since the founding of the United States that such a serious accident had occurred. In addition to the Twin Towers, it was said that two other planes had crashed into a corner of the Pentagon in Washington, and the other had crashed in Pennsylvania.
These planes did not have an accident, but were hijacked by terrorists, who fearlessly launched a terrorist attack on the United States, the world's number one superpower! As the news continued to ferment, the negative impact of the "9.11" incident quickly spread in the United States.
The first to be hit was the American stock market. After the sudden terrorist attack, the New York Stock Exchange was closed for four consecutive trading days, setting the longest suspension record since World War I.
The most obvious thing is that the Dow Jones Index fell 7.1% on the first trading day after the incident, setting a record for the largest single-day drop in history at the time. At the end of the week, the New York Stock Exchange experienced the largest single-week drop in history, with a market value of 1.4 trillion US dollars evaporated! Faced with such a terrorist attack, Mr. Bush, then President of the United States, declared a state of war across the country, and all intelligence agencies under the White House were dispatched to investigate the source of these terrorists and the masterminds behind them!
You know, even during the two world wars and even the subsequent bipolar rivalry, no blind country had the courage to do such a cruel thing in America!
Now this sudden and fierce attack has directly "created" psychological trauma for all Americans. If the murderer is not severely punished, where will the face of the United States, the world's number one superpower and the world's police, be placed? !
As a result, the American people's patriotic enthusiasm was high, and the country was unprecedentedly united. American companies and individuals donated money and materials, and the public also actively participated in volunteer activities, showing an unparalleled strong cohesion!
…
In the Morgan family's suburban estate, inside the villa.
"...Zhang Junfeng, I'm starting to doubt whether you're the illegitimate son of the goddess of luck. Don't tell me that you had a premonition that something important would happen in the next few days, so you dragged Nacho Morgan here to 'take refuge'?" Mato Walls, who had already rushed over from Wall Street, said with lingering fear.
Zhang Junfeng raised his lips and said jokingly, "If it's true as you said, I'm the illegitimate son of the goddess of luck, and I had a premonition that something important would happen in the next few days, how could I have started the short selling plan a few months ago and almost lost all the money I invested~!"
"If we just short sell after August, wouldn't that be a sure win?"
Hearing what Zhang Junfeng said, Nacho Morgan nodded in agreement, "Indeed, we all thought that shorting the Dow Jones Index and the stocks of many companies might result in a total loss of our capital, but we didn't expect that luck is still on our side~!"
"According to the current situation, the impact of this sudden terrorist attack will continue for some time. The funds we invested in the stock market will probably bring us at least twice the return~!"
At this point, Nacho Morgan's somewhat old face showed a bright smile. He originally thought that Zhang Junfeng, the gold medal investment consultant, might "stumble" this time, but he never expected that the development of things would usher in such a huge turn, directly turning the tables and turning losses into profits~! (End of this chapter)