Life at The Top novel Chapter 1976

Without saying a word, Jake immediately found the announcement for Jasper and displayed it on the screen.

“Morgan Investment Bank has obtained a total of 100 billion US Dollars of interest free loans from the United States Central Bank with a loan period of one year. In addition to that, Morgan Investment Bank has obtained a total of 300 billion US Dollars of short-term loans through the World Bank. Morgan Investment Bank will use this 400 billion US Dollars for venture capital. This very large investment has been approved by the United States Ministry of Commerce.”

After Jake finished reading this, his face darkened.

“Who doesn’t know that the World Bank i s run by people from the United States? It’s really shameless to play this game like this.

“They want to do bad things and at the same time keep a good reputation. Why don’t they just say it’s the government’s investment in the United States and it’s also an interest-free loan? F*ck them, they’re so shameless!”

Compared to the furious Jake, Jasper

seemed much calmer.

“It’ll be easy as long as it’s them.”

Jake was stunned when he heard these words, yet he did not quite understand what Jasper meant. So, he asked anxiously, “Mr. Laine, will this still be easy to handle? The 400 billion is enough t o drown us as all the money we have on hand is not as much as what they got in one go. Not to mention that Morgan Investment Bank is the third-largest investment bank in the world so they have all the money in the world.

“The problem is too big now.”

Jasper leaned back on the chair and said, ” Yes, any problem that can be solved by money is not a problem, but the biggest problem is that there is not enough money.

“Since Morgan has at least 400 billion US Dollars in cash flow and wants to fight with us, it is definitely unwise to fight them back. The United States government gave Morgan Investment Bank

government funds in the name of market rescue, but there’s also a deadly question hidden within, what if Morgan Investment Bank took that money and bought their own stock?”

Jasper’s words dumbfounded Jake.

Jasper did not bother to explain to Jake, he said, “Temporarily suspend all acquisitions. Let Morgan Investment Bank and international hot money fight to their deaths while we will just ignore them. We will do one thing now, and that i s to crash Morgan Investment Bank’s share price.”

At this time, Morgan had not yet grown into a behemoth with a market value of 470 billion US dollars that it would be in the future, as its total market value right now was only 100 billion US Dollars.

For 99.999% of the companies on this planet, this was already the ultimate limit, but right now, Jasper had 300 billion US Dollars, which was theoretically enough to buy 3 Morgan Investment Banks.

Under such circumstances, the retaliatory strike launched by JW Foundation against

Morgan Investment Bank was as powerful as a nuclear bomb.

Ever since the storm in the subprime market, Layman, the fourth largest investment bank, became the first victim and was still going through bankruptcy proceedings, the stock prices of all bank stocks had also slumped.

Among them, Colossal’s foundation was the strongest, which was why they were able to support themselves.

The reason why Morgan, the third largest investment bank, could endure this was that Morgan’s investment style had always been stable. They managed trillions of dollars in assets around the world and they preferred putting the money the customers invested in them into projects that could generate long term returns. This was very similar to Benett’s style, so Morgan Investment Bank once offered 15% of the company’s shares as a signing on bonus to invite Benett to be a global joint partner, but Benett rejected them.

Yet, this did not prevent Morgan from continuing their stable investment style. Furthermore, it was this investment style. that made them the investment bank that suffered the least loss among the four major investment banks in the financial crisis caused by this subprime market explosion.

Even so, a small loss did not mean no loss. The stock price of Morgan Investment Bank still fell from a high of 34 US Dollars to an annual low of 22 US Dollars.