＜ Bubble. (2) >
Friday, February 11, 1898.
New York Stock Exchange.
“Outside, outside!”
Today, when the Wall Street Journal (WSJ) carried the second good news, it was sold like a fire among individual investors on the New York Stock Exchange.
Investors alike bought the Wall Street Journal in anticipation and opened the newspaper.
At least, there was no individual investor on Wall Street who did not know the Wall Street Journal (WSJ) now.
🥳-
As always, individual investors checked the Dow Jones Industrial Index (DJIA) and the Dow Jones Transportation Index (DJTA) first.
+1.4%
+2.3%
“Wow!”
flap-
Individual investors, full of excitement, tossed newspapers into the air.
How much blue is it?
Since 1893, it is a railroad stock that shows no sign of going up at all except for a few good news. When even the best stocks in the top five railways, which I believed in, were crawling on the bottom, and were discouraged, this kind of jackpot exploded.
Five-strength map of the railroad.
Harriman’s Union Pacific Railroad, Vanderbilt’s New York Railroad, George Gould’s Transcontinental System, JP Morgan’s Northern Pacific Railroad, and Hill’s Great Northern Railroad.
In addition, there were state railroads and numerous excellent railroads, but the above five-strong districts were the ones that heated up the New York Stock Exchange in the meantime.
Even then, it suffered a downturn after 1893, but recently the fire started again.
It was strange, but no one cared what the inside story was.
This is because the name of JP Morgan was a sign and a guarantee.
“Aren’t there any announcements from JP Morgan Bank today? There are not one or two railroads managed by JP Morgan Bank. A whopping 8800 km!”
“Open page two of the Wall Street Journal!”
🤩🤩🤩🤩
Individual investors who opened the second page of the Wall Street Journal had their faces spread bright while reading the article.
[ JP Morgan Bank, New York Central Railroad, Northern Pacific Railroad, Erie Railroad, and Great Northern Railroad confirmed as the primary financial support target. ]
[ Additional secondary support target under review. ]
“Waah-!”
“Almost all of the high-quality railroad stocks are in! New York Central, Erie, Great Northern, and Northern Pacific are the five railroads!”
“Financial support for Tier 1 railroads, the New York Stock Exchange is confirmed today!”
good news big boon.
Their gaze turned again to the secondary support target. The fact that there is a secondary support target means that there may also be a tertiary support target.
Their happiness circuit overheated and ran violently until it exploded.
When everyone is looking forward to the fire of the New York Stock Exchange, staring only at the front door of the New York Stock Exchange.
bang-!
The boards of directors of major railway companies were also being turned over.
“J.P. Morgan Bank has confirmed the financial support, not the review.”
“In addition to our Northern Pacific Railroad, Vanderbilt’s New York Central and Erie Railroads are included, right?”
“Why is the Great Northern Railway still in? Aren’t they so successful that they don’t need financial support?”
The board of directors of major railroad companies were urgently convened and a meeting was held, but the sudden announcement of JP Morgan Bank caused great chaos.
“Ask JP Morgan Bank about the exact application date and scale! It’s urgent right now!”
“What? JP Morgan Bank is saying that they will let you know later and will delay the answer from day to day? Do you have no feet or no hands? Come sell your feet! right now!”
“Your feet are stationary!”
The railroad industry was in chaos at the sudden announcement, but a smile did not leave their faces.
good night. So good.
This is the company’s performance that has only used porridge since 1893.
Letters of protest are sent every day to major shareholders and minority shareholders, threatening to change the board of directors saying you are a dog and a pig, and even crazy people who come to the company headquarters and lie down altogether.
The directors of the railway company, who were interested in the prosperity and soundness of the railway company, were struggling to consolidate the finances at this opportunity.
However, the smiles of those who see them as rotten waters of railroad companies and nothing less than machines that make railroads money had a slightly different meaning.
It stinks.
The railroad tycoon families were especially serious. They convened the finance directors they had lured and began to plan a dirty trick.
“Financial support from JP Morgan Bank, how can we not divert it into our family?”
“Probably, railroad directors and finance directors will be dispatched from the headquarters of JP Morgan Bank, so it will be difficult to be honest.”
“Aren’t you also the finance director? Were you hired to parrot the words of difficulty? Wouldn’t it be nice to drive work to a railroad parts company or a real estate company run by our family as a business partner?”
“Hey, let’s check it out!”
Big railroads, the New York Stock Exchange, railroad tycoons, big banks, the whole of Wall Street began to shake. and.
“I will open.”
The long-awaited New York Stock Exchange has opened.
And about three minutes later, the stock prices of blue-chip railroad stocks in the New York Stock Exchange began to soar through the roof like a tornado.
***
Hedge Fund Secretariat.
I was looking out the window with James, listening to the cheers of the crazy Wall Street. The hedge fund headquarters was located in front of the New York Stock Exchange.
James scratched the back of his nose.
“It makes me feel strange to see individual investors on the New York Stock Exchange playing around with lies.”
“lie? What a lie.”
“Isn’t the announcement that JP Morgan Bank considering financial support a lie?”
James rolled his eyes.
‘Well, if you work in a hedge fund’s secretarial or accounting team, it’s normal to think like James.’
I couldn’t help but think that we were spreading fake news and catching Wall Street investors and big railroads.
Especially in the case of James, who started with a short sale report and carefully planned the strategy.
However, the opinion that JP Morgan Chairman and I negotiated was a little more precise.
I’m not the type that likes to lie.
As I recalled the conversation with the chairman of JP Morgan, my hands were sweating.
“Financial aid is not a lie. And it’s not even the right amount as they think. They would pour financial aid like a carpet bombing on a large scale?”
“…then?”
“However, what if an accounting fraud case occurs before that? Investors will surely think that JP Morgan Bank is completely abolishing the large-scale support plan.”
In other words, it is a time difference attack.
When the railroad companies’ accounting fraud gates burst, everyone becomes mistaken for financial support. If so, individual investors will also fall like an ebb.
Railroad stocks on the New York Stock Exchange will crash again and again.
“It’s going to crash.”
“Yeah, if the big railroad owners go to goal, JP Morgan Bank will wipe out the bad assets at once with a big bath, and then implement a large-scale support plan.”
“Indeed, there are no lies anywhere.”
However, the New York Stock Exchange should not collapse.
And the current New York stock market was still large enough to cover the 40 billion dollars managed by JPMorgan Bank.
If JP Morgan Bank launches a carpet bombing of massive financial support on the New York Stock Exchange just before it crashes, we’ll look like angels of salvation to Wall Street investors.
I shrugged.
“I didn’t lie.”
lie is.
***
The board of directors of a railway company.
“It’s called Veyron from the hedge fund’s secretary’s office.”
The meeting room, which was supposed to be the negotiation table for short selling without borrowing, was already crowded with the directors of the railway company.
It was as if Veyron gave a presentation and the rest of the directors listened to the presentation.
Veyron stood in the middle of the boardroom, making eye contact with each of the directors.
‘A lot. And the eyes are arrogant. They don’t know their situation yet.’
Veyron was quite displeased, but he was able to keep his poker face with a smile.
Because today he was a grim reaper who came to bring them to ruin.
This could be tolerated.
“hey.”
Among them, the finance director called Veyron with an arrogant gesture.
“I’ve heard rumors that Wall Street hyenas are stupid and ignorant, but that’s about it. Oh, of course, you’re not like that. I was just talking about people like that around me.”
The finance director shrugged with a smile. But Veyron’s iron-clad poker face didn’t break a bit.
The Treasurer’s mouth did not stop.
“It is a short-selling contract without borrowing. That’s seven million dollars.”
The finance director fluttered over the paper of the short sale contract as if he was touching dirt.
“Are you deaf or hard of hearing? Or, perhaps, you brought us a short sale contract even though you could hear the cheers of the New York Stock Exchange outside? Hey, maybe that’s stupid?”
The finance director died.
However, Veyron ignored the arbitrariness of the finance director and searched the inside of the conference room. Knowing your opponent can give you an advantage.
Morgan did it.
It is said to be a deadly fire.
‘The conference room is divided into two factions.’
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One is the lineage of the owner family.
These are the railroad tycoons, the birthplace of corruption that plunges this railroad company into a pit and calls only their own ships.
The other is a faction attached to JP Morgan.
They are not affiliated with JP Morgan Bank, but are a few practical practitioners who are trying to revive the railroad company.
‘The former are rogues. The latter are loyalists.’
And you have to steer clear of the scoundrels.
In the end, the target that Veyron had to destroy was the directors of the owner family, and the finance director who was provoking him was also his faction.
Things are going to be fun
‘These two factions are currently fighting over the controlling stake in the railroad company. And I am the decision maker who can decide the winner of this fight with the casting boat.’
It is perfect.
Veyron raised an eyebrow slightly.
‘Pando-kun is perfect for breaking up.’
Divide and rule.
The ‘divide and rule’ strategy, which James Chief of Staff once told him, kept running through his mind.
‘Let’s break the board first.’
Veyron suddenly confiscated his smile.
“Treasurer. If you keep coming out like that, there will be no contracts for short sale without borrowing.”
“……What?”
“Don’t you know? The short-selling contract without borrowing that I have brought with me now is just a surface pattern. The real content is a block deal contract to obtain a controlling stake.”
“……!!!”
Neither side has the upper hand.
The faction of the railroad conglomerate and the faction of JP Morgan owned equal shares. They were fighting a bloody battle for the voting rights of the railroad company.
Veyron had a stake in it.
It was a share to be repaid in the future.
“If the finance director continues to do that, our hedge fund will sign a $7 million stake with JP Morgan Bank. Break the contract.”
bang-!
Veyron slammed his fist on the table and exited the boardroom with an angry foot.
I heard shouts grabbing Veyron from behind, but Veyron didn’t look back and slammed the door to the boardroom.
click-
Veyron leaned his back outside the door to the boardroom and pulled out his pocket watch.
Just 5 minutes.
Veyron predicted that the arrogant board’s finance director would pop out in five minutes. Those five minutes were the time for the finance director to understand the reality he was in, let go of arrogance, and get nervous.
Veyron fixed her gaze with the second hand.
Tick tock.
The second hand sounded repeatedly, and after 5 minutes had passed, someone slammed the door of the boardroom.
bang-!
‘Also.’
“Come on, don’t go for a moment and listen to our language!”
The arrogant thing was that the finance director, who was sitting on the chair in the boardroom, had a pale face.
As Veyron stood in front of him, he trembled as if he had seen a ghost.
“Come on, are you sleeping?”
“Ah, there is a phone on the wall, so I just finished talking, is there anything wrong with you?”
“Sat, call? Who are you talking to now? Wouldn’t it be JP Morgan Bank? Say no!”
The finance director rushed to grab Veyron’s neck, and cried and ejaculated.
‘If I lose my controlling stake to JP Morgan Bank and go back to the railroad conglomerate family, I’m dead.’
Veyron raised the corners of his mouth.
“Of course it was JP Morgan Bank, right?”
“…..!!!”
The finance director’s eyes widened as if they were being pulled out. Veyron added an additional explanation.
“We just talked about signing a $1 million deal first out of $7 million.”
“Well, then the remaining six million dollars…!”
“Yes, it is still in my hands. Have you ever thought about signing a contract?”
Veyron laughed softly and shook the contract for short sale without borrowing.
The treasurer’s eyes followed Veyron’s hand.
“No, of course! sell it to me I’ll give you 5%, no, 10% premium! can you please sell me I am so sorry please! I’ll count it as saving a person’s life.”
The treasurer knelt and grabbed Veyron’s crotch.
‘Okay.’
Veyron smiled evilly and looked down at the weeping and ejaculating Treasurer,
“Of course, it is possible.”
In a satanic whisper, Veyron handed out a short-selling contract to the finance director.
Thus, Veyron completed the short-selling contract without borrowing to the last railroad company.
***
Click.
As the finance director left with his own faction board members, leaving a series of thank-you notes, Veyron picked up the board room phone.
Tour-
Click.
– Is it Veyron?
“Yes, Morgan. We completed a short-selling contract without borrowing until the last railroad company. A total of $75 million.”
– You’ve had a hard time. This is also ready to distribute the short selling report with the Wall Street Journal (WSJ) headquarters.
thick-
Hearing that he was ready to distribute the short sale report, Veyron gripped the receiver with cold sweaty hands.
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Over the phone, the cool voice of Detroit Director Morgan grabbed Veyron’s heart.
– Tomorrow Wall Street will be in panic.
And the New York Stock Exchange will not be able to get out of the swamp of disaster of large-scale accounting fraud by railroad companies.
– Make sure your mind is ready.
Click.
When the call ended, Veyron slumped into place.
Both legs were shaking.
“……Finally tomorrow?”
***
And the long-awaited Saturday morning dawned.
＜ Bubble. (2) > end
