American Fortune Life

When Paulson, in order to save the struggling housing market and the U.S. economy from danger, made these two troubled but extremely powerful financial giants that have troubled reformers for many years complete a huge change, he still paid close attention to Lehman himself The process of redemption!

However, as Andy knew, the current CEO of Lehman Brothers, Fuld, was a very annoying and arrogant guy.

Among the many acquirers interested in Lehman, among them, the possible acquisition negotiation of Bangzi Development Bank is the focus.

During the negotiation, on the issue of whether to use 1.25 times of net assets or 1.5 times, Lehman boss Fuld seemed quite haggling, full of value investment accent "hum"!

"We are talking to you, we think highly of you, you should listen to me" face, of course, the ending is that the sticks are irritated, and they directly tear up the so-called "Lehman is trying to seek an unlimited credit support, just want to use the sticks Develop bank assets to save Lehman from drowning!"

So, the sticks waved their hands and didn't take a piece of paper away!

Paulson left with a disappointed expression. Andy didn't give him much favor because of the Minister of Finance's personal visit. As for issues involving interests, let alone the Minister of Finance, even the president's visit is useless.

In this environment, including Andy and other monsters on Wall Street: Morgan Stanley, Goldman Sachs, Merrill Lynch, Bank of America, etc., are all peeping in the corner! All they think about is predation or the appearance of blood in the wind!

Are Wall Street and even Washington really incapable of saving Lehman Brothers?

how is this possible!

It's just that apart from everyone hating Fuld, what's more important is Lehman's assets. As a huge prey waiting to be slaughtered, all predators are waiting for this prey to drain the last drop of blood, and then attack They carve up, after all, no one wants the poisonous part, they all want to eat the most delicious piece.

Especially when Lehman falls, there will be a seat on the board of directors of the New York Fed, and there are many people staring at this position.

"Boss, the essence of the current crisis is still a liquidity crisis. Almost all financial institutions will use large or relatively large leverage to participate in the financial game. Lehman will announce its third-quarter financial report on the 10th. Huge losses are inevitable. Yes, they will even announce an asset split plan to try to avoid the write-down of junk and toxic assets to manipulate and boost the company’s stock price! We should be prepared again.”

Alvetrie, who was sitting opposite Andy, was holding a cup of coffee, leaning on the back of the chair in a relaxed manner, and said lightly, after all, the big boss has been playing a bit big recently, and the leverage is large, and earning a lot also means that the risk is high. Being hedged by multiple parties is very likely to cause losses.

Legs crossed on the desk, lying on the boss chair, Andy, who was trying to play "Super Monkey Ball" with his mobile phone in his arms, didn't even raise his head, and said indifferently: "Death struggle, this does not hinder more The self-judgment and self-direction of both parties are moving forward!

By the way, keep an eye on Lehman's benchmark index business and self-owned index business. When the time comes, we will eat it, merge with Gaia, and launch our own US bond composite index, emerging market index, global market index, and municipal index. Bond indices and other series of indices. . . "

Alvetrie's hand holding the coffee cup trembled slightly, his eyes shone sharply, he put down the cup, with a serious face, and said in a serious tone: "Boss..."

Andy couldn't help but looked up at Al, frowned slightly, put away his phone, put his feet down and sat upright and asked, "Is there a problem?"

Alvitley nodded solemnly, and said: "It is not a good idea for us to establish a Gaia index. You should give up the dream of making Gaia a big investment bank like MG Stanley and Goldman Sachs in the United States. You invest a lot of money to achieve this goal, but you will get little effect, and any semblance of progress will be fleeting. . . ”

"Say it straight!"

The corner of Al's mouth twitched, and after pondering for a while, he said: "Boss,

Your background is insufficient, the Gaia index has not been ten years or even decades, and it cannot convince the capital market and eventually become a guiding data. At the same time, we need to face too much competition from behemoths, as well as ambitious British investment banks It won't cost less, but the effect will be unsatisfactory! "

Andy opened his mouth with a slightly ugly face, his cheeks were pulled, and he felt aggrieved for a while, Nima, he was proud of this idea, now it sounds like it's really not easy to make money selling information.

Even with his thick skin, he felt a little hot, Nima, he was slapped in the face by his own people. . .

"However, boss, you are optimistic about Lehman's benchmark index business and self-owned index business. You have a unique vision, and you can even say it is vicious. This is definitely a piece of fat that those predators may ignore. We can take this Two pieces of business, and then resold, whether it is the British or the French, including the Chinese, the foot basin people will be very interested, and it will definitely be no problem to earn 3 or 4 times the profit..."

Seeing the ugly expression of the big boss on the opposite side finally turned into a good one because of his almost flattering words, Al wiped off the cold sweat and heaved a sigh of relief. He was still a little helpless to prevent the boss from making some taken-for-granted decisions, but as the chief Think tank, he had to stop the boss's unreliable ambition.

Lehman plays index business because Lehman Index has decades of accumulation. The boss wants to take Lehman’s business and replace it with Gaia’s name, thinking that the index business can be carried forward. How can things be so simple? .

"Okay, I took it for granted. Let's do it. It's not bad to be a second-hand dealer. It's easier to make money if you can sell it." Andy shook his head and smiled bitterly.

Although being slapped in the face by one's own people is better than being slapped in the face by other opponents who see jokes after being reckless, Andy didn't continue to struggle with this matter. Since it's hard work and thankless, then don't do it. He is not crazy , I insisted on competing with myself, and took more than a billion to go for nothing.

On Wednesday, September 10, 2008, Lehman announced the largest quarterly loss in 158 years, a historic loss of US$3.9 billion. Fuld, who was full of bitterness and hatred, frowned, and still did not change his arrogant expression, spoke at the press conference. announced the asset split plan.

In Gaia's conference room, Andy, who was sitting in the chief position, watched the press conference on TV and listened to Fuld's interpretation. He couldn't help frowning, looked at Al on the left and asked, "'Company We will still try our best to find all strategic alternatives to maximize the interests of shareholders' what does he mean?"

"Fuld, including Lehman's board of directors, has collapsed! Lehman is ready to accept all possible offers!" Al was shocked at the moment, which undoubtedly told the world that Lehman would accept the takeover at a cabbage price, as long as someone is willing Just take over.

Boom——

"Boss, just now there is news from Bloomberg that Barclays Bank announced that it intends to acquire Lehman, and Lehman's stock price has started to rebound..."

Andy looked at the men who opened the door and barged in, and listened to the other party's report. The corners of his mouth twitched a few times. Damn, this is a joke. His reaction is too fast. The press conference here is still It's not over, just over there. . . Fuck, they really are manipulating the stock price!

Andy looked at Al, and Al nodded slightly with a calm expression, and then said: "As you predicted, boss, you are indeed dying. I believe you will receive a call from Paulson or Geithner soon. . .”

Buzz——

All eyes in the conference room were on the buzzing and trembling mobile phone on the conference table, and Andy smiled and said to Al: "You are almost becoming a prophet!"

In the originally quiet conference room, there was a burst of relaxed laughter. As for the rising Lehman stock price, no one took it seriously. According to the rules of Wall Street, in the press conference, some specific data and public doubts about execution are You can't get to the bottom of it, because it's not a suitable occasion for a showdown, don't worry, you won't see the truth until one to two hours after the press conference, and shit will still be shit, even if a layer of nai is sprayed out temporarily!

"Gethner's..." Andy glanced at it, smiled and said to everyone, and then answered the phone leisurely.

. . . . . .

After hanging up the phone, Andy said with a smile: "You heard it all, well, it seems that everyone needs to work overtime this weekend, let Stephen Nuby take the bank's accountants to meet us in New York on a chartered plane, haha, this Going to be a crazy weekend!"