At this moment, as Jasper increased his efforts in short-selling, the confidence that had just been boosted in the subprime market began to collapse. It would inevitably take a certain amount of time for Quantum Fund to withdraw funds from the stock market to save it.
What was terrible about this was that the
market would not give them time at all!
As he thought about this, Rogers picked u
p the phone.
“I’m asking to speak with the chairman of
Layman Investment Bank.”
“I’m sorry, the chairman is currently in a n emergency meeting and can’t come to the phone. Do you need me to inform him of your request after he’s done?”
As he listened to the voice on the other end of the phone, Rogers gritted his teeth and hung up.
After this short call, Rogers saw that the entire market had begun to collapse like a n avalanche when he looked up at the screen again.
The speed of this collapse was almost
faster than the speed of the stock market
crash.
“What’s going on?”
Rogers yelled in disbelief.
Someone barged in through the door of the office and Rogers saw the manager who had just left run in again with a pale face. “Sir, the country’s largest real estate investment trust, Public Storage, announced that it will completely clean up
the company’s bad credit loans and they
will not accept any new loan applications.
“In addition to this, funds will be gradually collected for the loans that have already been issued. Then, the company will begin to clean up the inventory funds that they had invested into the subprime market.”
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