Life at The Top novel Chapter 1867

Jasper was not stupid.

Right now, it could be said that the J.

Langdon father and son had betrayed the

entire Somerland.

There was no possibility of them coming

back and continuing to develop their

industries in Somerland in the future.

If the father and son were dragged down b

y Layman, their industries in the

mainland would be expected to be

repossessed slowly, and then, those

industries would inevitably be sold at a

low price.

That would be the perfect time for Jasper t

o harvest.

Hence, after rejecting Kayden, instead of

agreeing to release Layman’s position,

Jasper increased his short-selling efforts.

The direct impact of this was that the

subprime market of the United States

turned into a landslide. Huge waves kept

surging while the market value dropped

again and again.

Almost all investors in the United States

were numb to this.

Until… a piece of news broke out.

“Mr. Laine, Layman Investment Bank has

just filed for bankruptcy protection.”

The news from Jake made Jasper stand up

suddenly.

“Bankruptcy? Layman?”

Jasper immediately looked at the trading

situation of the subprime market and sure

enough… The sky had collapsed.

Layman Investment Bank was one of the

four largest investment banks in the

world. Although it was always the last one

on the list, it was still one of the four

largest investment banks in the world.

Its existence was of great significance in

and of itself.

The most important thing was that in the

subprime market, Layman Investment

Bank, as the largest long position holder,

independently supported the transaction

volume on most parts of the subprime

market.

So, even though Layman was sold to Half

the Harbor Langdon and his son from Somerland some time ago and some

people from the United States were dissatisfied with this, there was no

extreme reaction.

The success of this merger and

acquisition had even brought a small. I wave of favorable market conditions in the financial market.

However, the merger had only been completed less than half a month ago before the father and son from Somerland had filed for bankruptcy.

What did this mean?

If you compared the United States to a big family, then Layman would be its fourth daughter with a reputation for being famous. Eventually, this daughter was ruined by a boorish guy named Jasper Laine.

So, the United States brought in Half-the Harbor Langdon and his son to take over. I t was initially a good thing, which was why Half-the-Harbor Langdon and his son happily took over. However, within half a month, they filed for a divorce and sent the dead body of the daughter back to

this question.

Layman Investment Bank filed for bankruptcy and a total of 23 small and medium-sized banks in the United States Federation declared bankruptcy at the same time.

Almost all of these small and medium –

sized banks had obtained insurance contracts from Layman Investment Bank.

The bankruptcy process of a company was very troublesome, let alone for a large financial business investment bank such a s Layman Investment Bank.

Once it entered the bankruptcy process, it would immediately liquidate its assets. After the assets were liquidated, the debts and assets would be separated and the court with jurisdiction would appoint the company’s bankruptcy liquidation executor.

Anyway, even if the company went bankrupt, some of the previous debts had t o be paid off.

Hence, these small and medium-sized banks began to go bankrupt all at once to meet the requirements to apply for compensation from Layman.

However, the biggest problem was that these small and medium-sized banks had formed a chain of bankruptcy. What would the people think when they saw this?

The bank went f*cking bankrupt. What

about the money I put in the bank?

With that, distrust of the bank began to

raise a tremendous stink across the

United States. People started lining up at

the bank’s door to take out their savings.

Banks relied on deposits from depositors t

o make investments to make profits. Once

this trend was formed, everyone would

want to withdraw their money and the

bank would run out of money. What else

could they do then?

No one thought that Layman’s

bankruptcy would have such a big impact.

It directly caused all banks in the United

States to fall under huge pressure

involving savings, deposits, and

withdrawals.

The Federal Reserve finally could not sit Still on this matter.