Life At The Top 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

her biological family.

It would be unusual if the United States did not fly into a rage.

The subprime market was even more heated.

Jasper did not expect the historical inertia to still exist and still be so powerful.

He was just wondering when Layman would go bankrupt when Half-the Harbor Langdon and his son
made such a decisive decision.

“They decided to cut their losses quickly. How interesting.”



Jasper murmured.

“Mr. Laine, what are we going to do now?”

“Nothing. Everything has come crashing down and they’re left with nothing. We shall just watch them
crash and burn.”

What kind of a grand occasion was a financial market crash?

This scene that ordinary people might never have the opportunity to see in their

lifetime was presented to financial practitioners all around the world today.

It was a real earth-shattering event.

Layman’s fall squashed the last bit struggle in the United States subprime market. There was no need
for Jasper to continue shorting because all funds began fleeing frantically.

Before this, there were still funds who fantasized that the United States government would continue to
rescue the market. Some even imagined that Wall Street capital such as Layman would fight against
Jasper’s JW Foundation and Layman would launch a complete counter -attack, allowing those who
persisted to become rich overnight.

However, as the core, Layman had now declared bankruptcy, which meant that the subprime market
was abandoned by the United States government.

Even the most optimistic person had to admit that the subprime market was finished.

Moreover, this was just the storm caused by Layman’s bankruptcy in the subprime

market, with the bigger one storm laying within the outside world.



Layman, one of the world’s top investment banks, had countless businesses all over the world.

Once such a global investment bank filed for bankruptcy, it would have a certain impact on the
international financial situation.

In the eyes of the media, the bankruptcy o f Layman Investment Bank could be attributed to Jasper
alone.

“A Somerlander, a man from Somerland who appeared on the cover of Time Magazine, personally
overthrew the Layman Empire and also made the people of the United States understand that they are
not the only ones who know how to play in the game of modern finance.

“Layman has filed for bankruptcy. This century-old company has gone through ups and downs over the
course of its life, and it finally collapsed in the subprime mortgage crisis.

“After analyzing the essence of this subprime mortgage crisis from the depth of Layman’s bankruptcy,
every country and economic organization in the world needs to take away lessons and experiences it
has painstakingly revealed t o us.

“The climax of the subprime mortgage crisis has arrived. Layman has fallen, and who will fall next?”

Wishing for the whole world to be in chaos, the news media used all kinds of eye-catching tactics to
headline their news, but no matter which media it was, their key contents all pointed to the same things.

Layman was finished, so what would

happen next?

However, the market quickly answered

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.

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