Chapter 168: Chapter 168: Left Unresolved
No one wanted to escalate the situation. With various parties interfering, both sides laid down their arms, though reconciliation was out of the question -- it wasn't in the interest of other financial groups.
Citibank was certainly frustrated, even a bit suffocated, but there wasn't much they could do. It's one thing to let companies battle it out, but if things got big, many would suffer.
They didn't gain any benefits, only trouble, leaving Citibank seething with anger. They couldn't understand why their attempt at flexing some muscle met with such resistance.
"Dad, is Citibank just gonna let this slide?"
"Hmph, what else can they do? It's already a mess. Jewish consortiums, ha, they're not irreplaceable."
"William didn't seem to do much, though?"
"Haha, maybe not now, but he sent someone to Iraq to interview innocent civilians."
"Geez, that's pretty harsh."
William White knew exactly how cautious they were.
Who in the world values neutral opinion the most? The Russians and Jewish people, likely sharing the top spot. Now, at this delicate juncture, having issues with allies was simply intolerable.
As for the cause of the incident? What? You say it's just normal business operations?
We're all adults here -- such talk might fool an idiot. Anyone who buys it is a fool.
All this fuss over trivial profits, stirring up trouble. Have they forgotten the painful lessons of World War II? To deal with the Hunter family, you pulled in Americans for support. William White is far tougher, but you wanted to go it alone?
...
When Citibank's CEO heard there was something beyond a mere power struggle, something potentially life-threatening, the old guy got a little panicky. It wasn't just William White out to get him.
They were overthinking it. If William White truly wanted to do something, he wouldn't show his face. His message was simple: if you plan to mess with him, think it through -- there will be consequences, and it's no easy task.
"Boss, Boeing's being shorted."
"What? Damn jackals. Initiate the buyback mechanism. If they can't cover their shorts, they'll be in big trouble."
"Got it, boss."
The old man was fuming. Citibank, the largest commercial bank in the US, wasn't about to let some small fry provoke them.
Just then, the whole room suddenly darkened.
"Power outage? Crap, how'd that happen?"
Yes, blackouts are rare in Manhattan -- cut one power supply line, they have another.
"Boss, power was cut off."
"Redeem and cancel in five minutes."
"Okay, boss."
William White went to play golf. Shorting a company's stock was just a joke anyway.
Power outage? Just an accident.
Although stocks had started to rebound, the old guy was still fuming. If his health wasn't up to par, he might have fainted by now.
It was terribly rude, behaving like he didn't have any sense of business ethics.
Does William White shy away from unreasonable competition? Not a chance.
As for making a profit? William White didn't consider it; he didn't mind losing some.
"What? You're telling me it was a technical glitch?"
"Yes, boss. Anyway, the agents found no signs of sabotage, and neither did our tech team."
"Useless!"
"How much did that jerk profit?"
"No profit."
"How is that possible?"
"Indeed, no profit. They originally made gains, but for unknown reasons, re-entered the market to sell off."
The old man was really mad, with no reason to cause trouble.
The securities market is not the futures market. If you dare to recklessly rake in wealth, someone will definitely give you grief.
Even without evidence, they can investigate you. Without solid proof, you could face fines or even prison.
Buying and selling shorts is somewhat better. This has little to do with the regulatory center; as long as it's not naked shorting, it generally won't be scrutinized.
William White stopped playing, Boeing had already been tormented enough.
You claim there's no major event.
Who would believe that? The trading volume spiked fivefold, and you call that a coincidence?
"Tsk, truly vindictive. Did Citibank lose a lot?"
"The losses aren't too big. The problem is the potential serious consequences. Their funds are still in the futures market, and what if they strike again?"
"That bastard, the money isn't the issue. The methods are what's terrifying. Can you imagine? It took an hour to restore power."
"Yeah, he can easily target more companies."
"Haha, I heard the old guy ended up climbing stairs."
"Yeah, and once he climbed down, the power came back. Truly frustrating."
Saying there's no regret would be a lie. The price Citibank paid was too high.
The most frightening part is that this cost could keep growing.
...
William White was over the top, earning discontent not only from Citibank but also from various financial groups.
In the end, even the regulatory authorities were displeased.
But so what?
It's just normal business operations.
Everyone knows the economy is in a slump. We're simply testing waters -- it's arbitrage trading, and we plan to continue.
White Investments' projects were clean; they had thousands of pages of economic analysis reports, fully proving the correctness and necessity of shorting.
Five billion dollars in hedging funds is indeed intimidating. As for the outage, we had no idea -- it was a coincidence. You should ask the power company or the FBI.
Wow, a five-billion-dollar short position, almost a disaster.
Wall Street now was a feast for short sellers. Bulls had no hope, and along came another ruthless person -- no wonder stocks weren't rising.
An entire farce drew to a close.
Neither party involved offered any statements, as if nothing ever happened.
A few old guys were left scratching their heads. How did Citibank -- America's biggest commercial bank -- end up like this?
Looking back at themselves, they realized they didn't match Citibank's strength. What was most infuriating is that William White was utterly ruthless.
As for lacking evidence, that wasn't their concern. Evidence wouldn't matter. If Citibank persisted, he'd definitely do it again.
*****
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