American Fortune Life

Friday, September 12, 2008.

Lehman's share price plummeted to $4.22 again! Fuld was also asked to voluntarily resign from the New York Fed board! That way, the Fed can be cleaner!

At this time, Paulson, Geithner and others still made it clear that the government will never bail out the market!

After taking over the two rooms, neither the Congress nor the White House wants to face moral hazard, that is, to make innocent Nazis bear the consequences for greedy humanity and failed business models, and it also potentially encourages creation to take huge risks to earn money. Derivatives with huge returns.

Because if the bet is lost, the government will also come out to collect the stalls. In the beginning, in order to avoid such a situation, the government decided to pour cold water on Wall Street, so that those bigwigs would wake up and let them realize that the government would choose to let them fend for themselves.

It's been a very, very intense weekend!

The New York Federal Reserve Building, at 33 Liberty Street in Manhattan's financial district, is a 12-story Italian-style building that occupies an entire block east of Wall Street. Underground vaults store $60 billion in gold!

Lehman's fate is entrusted to this building!

Geithner and Paulson called all the CEOs of major Wall Street banks to gather here at 6 pm!

The meeting originally planned to start at 18:00 was delayed until nearly 19:00. Paulson and several assistants came to the New York Fed's temporary headquarters on the 13th floor and set up camp. By this time the building was full of bankers, lawyers, accountants and analysts.

These bankers include the most famous CEOs on Wall Street, such as Jamie Dimon of MG Chase, John Mack of MG Stanley, Lloyd of Goldman Sachs, Vikram of Citigroup, John Thain of Merrill Lynch, Credit Suisse Brady of the bank, Robert of the Bank of New York Mellon and Andy Smith, Warren Buffett and other bigwigs.

Of course, this does not include the CEO of Lehman Brothers, Fuld. Paulson believes that he refuses to accept the reality, so he has been isolated and has no right to intervene in this matter.

Nor did those bankers include those from Bank of America and Barclays, which had been picked by the US Treasury as two potential buyers for Lehman Brothers.

Sitting in the brightly lit and spacious conference room, Andy looked at the group of old guys, sneered at the absence of Bank of America and Barclays, who were selected by Paulson as potential buyers, and sneered in his heart. These two potential buyers would never have bought Lehman Brothers without financial backing.

"Don't expect the government to allocate funds. You are the ones to solve the problem." Paulson said to the Wall Street bankers with a stern face, blocking everyone's luck at the beginning.

The people sitting here will be divided into three groups, one group is responsible for researching ways to reduce the collateral impact as much as possible in the case of Lehman bankruptcy; the other group is researching how the financial industry should buy the entire Lehman, with a view to future Gradually wind it up; another group looks at how to finance the portion of the asset that buyers don't want. . . "

Wow——

There was an uproar in the meeting room, the faces of the bosses were a bit ugly, the Wall Street CEOs were whispering, talking, and even arguing and accusing. Spinning a signature pen rapidly, watching the farce in front of him.

"Bang bang bang!"

With a livid face, Paulson slapped the table three times, and said in a cold voice: "This incident concerns our capital market and the entire country. We will remember those who did not try their best!"

The smile on Andy's face did not dissipate. Although he sneered in his heart again and again, he had to pay attention to the threat of Paulson who was a little crazy. After all, if he wanted to get a piece of Lehman's feast, he had to be obedient, otherwise, There will never be any benefit.

Anyway, it is his subordinates who work, not himself, the only thing he needs to do is to stay here and be with his subordinates.

Andy and the people he brought were assigned to the group headed by Goldman Sachs. After all, he, a greedy little guy, was also very unpopular.

You know, he is still crazy about shorting Citigroup, Merrill Lynch, and whether it is MG Stanley or Credit Suisse Bank, he has been tricked to death, and everyone's attitude towards him is naturally not much better.

In terms of thick skin, Andy is no worse than the old guys here. His handsome young face shows a sunny and charming smile, and he doesn't care about the embarrassment of being constantly stared at by gloomy eyes.

When the meeting ended and walked to the temporary studio next door, the old hooligan Warren joked maliciously: "Andy, everyone is not very friendly to you..."

Andy looked at Warren's eyes under the black-rimmed glasses with a faint smile, raised his eyebrows and said with a smile: "I'm not targeting anyone, they're all rubbish."

"Ahem..." Warren blushed slightly, suppressed his smile, hurriedly coughed to cover up, and shook his head helplessly, "You little fellow, you are a poisonous snake."

Andy sneered, as if he didn't care about being overheard, and said, "Am I wrong? To be honest, I'm about to throw up all the money I've made recently, tsk tsk..."

The passers-by heard Andy's sarcastic remarks, and couldn't help twitching the corners of their mouths a few times, and quickened their pace. Instead, Vikram from Citibank stopped slightly, dumbfounding, and walked side by side with Andy and Warren.

"Andy, why don't you spit out a little bit, how about investing in our Citigroup?"

Warren Buffett's eyes flickered, and he looked at Andy with a smile, and Andy looked at Vikram with a smile on his mouth and said, "Didn't you contact the local tyrants in the desert? Tsk tsk, those guys are waving money. Shop everywhere."

Vikram shook his head and said with a smile: "In this period, no one thinks that cash is more, so, are you interested?"

Andy glanced at Warren, then turned his gaze to Vikram and said with a smile: "Yes! Of course, hehe, but...not now, your stock price is still too high, wait..."

Vikram's face was ugly, and the corners of his mouth twitched a few times. After seeing Andy smiling and nodding, he led a large group of people to the studio on the side, and cursed in a low voice without avoiding Warren's presence: "This bastard!"

"Hehe..." Warren Buffett laughed lightly, seeing Vikram looking at him, he also shook his head and said with a smile: "Don't look at me, he's right, now is indeed not the time. . . ”

Vikram's face was livid, and he gritted his teeth with veins throbbing on his forehead, looked at Warren's back, and said helplessly, "They are all vampires who deserve to go to hell!"

In the temporary studio converted from a small banquet hall, Andy sat leisurely on the sofa with his feet resting on the coffee table, playing games with his mobile phone in his hand, not at all interested in the intense and busy work scene.

"Boss, coffee." A young assistant from YOUHUO, dressed in professional OL clothes and with a strong sense of sex, put the steaming fragrant coffee on the small square table next to Andy, and said softly.

Andy nodded slightly without raising his head, and then said, "Go get me something to eat, I'm a little hungry."

"Nuts? I brought you some..."

When the little assistant took a bag of nuts out of his handbag, Lloyd of Goldman Sachs came over, sat down on the sofa next to Andy with a smile on his face, and said with a smile: "Andy, what do you think?" What do you think of Lehman's real value calculation?"

Pausing the game, Andy took away the phone, put away his legs, took a sip of coffee, looked at the other party with a light smile and asked: "Is my opinion useful? Or to be straightforward, we just calculate the real value and have What's the use, will Goldman Sachs eat Lehman?"

Lloyd chuckled and shook his head, shrugging.

Andy raised his eyebrows and smiled: "So, just use any blue deduction calculation form to get a rough asset value. You know, it's really interesting to buy Lehman, and it will be more detailed than ours. and carefully."

Lloyd nodded with a serious expression, and agreed with Andy's opinion very much. The reason why Wall Street obediently obeyed the call of the Ministry of Finance and the Federal Reserve this time was also due to the situation and political pressure.

No way, without the support of Washington, Wall Street may collapse in this financial crisis, and no one dares to confront Washington at this time. On a large level, the economy is a game that everyone plays according to certain rules of the game , and politics is a game of rules. When the economic game fails, politics must be the last one to clean up the situation.

"In order to ease the bleak market atmosphere and pessimism of the financial crisis, the White House is really in a hurry this time."

Andy just smiled when he heard the other party's words, but there was a sneer in his heart. He would not believe anything Goldman Sachs said. You must know that although Goldman Sachs is also facing liquidity problems, Goldman Sachs is definitely the biggest beneficiary of this financial crisis Fang, and this convening, there are indeed external factors putting pressure on Wall Street. Everyone knows the fact that the younger brother of President Xiao Feixie, Jaber, is a private equity investment consultant at Lehman, and his cousin George Wall K is a member of Lehman's executive committee!