Pioneer of the Rebirth Era

In the living room of the manor, Yang Dongxu held all the assets of Lehman Brothers and believed the report, frowning deeper and deeper.

Although the situation of Lehman Brothers has been predicted, after all, he is also one of the masterminds behind the scenes.

But what he didn't expect was that after changing his identity from a promoter to a defender of Lehman Brothers, things were far more difficult than he imagined.

First of all, if the avalanche starts, Lehman Brothers' debt ratio will reach a maximum of about US$500 billion. This is still a conservative estimate.

If the situation becomes extremely bad and the market continues to deteriorate and the assets held by Lehman Brothers further depreciate, then his replication rate is likely to reach a terrifying figure of more than 600 billion US dollars.

With such a huge debt, even if Yang Dongxu throws all his worth into it, it won't be enough to fill the hole. Only economic powers like the United States, China, Europe and other economic powers like the United States, China, and Europe can use national banks to rescue Lehman Brothers.

At the same time, the current situation of Lehman Brothers is far more complicated than imagined. As the fourth largest investment bank in the United States, Lehman Brothers was called the best investment bank in the world during the year.

Whether it is the funds operated by investment banks or the complexity of various forces, the complexity is far beyond Yang Dongxu's imagination.

For example, financial groups involved in the financial business include the Bank of England, AIG, Goldman Sachs, Morgan Stanley and other financial groups.

Listen clearly, these are the world's leading financial groups, not individual investors, and Lehman is deeply involved with each of them.

Coupled with those small and medium-sized banks and investments, as well as individual investors, etc., the entire Lehman Brothers is now a hornet's nest, the kind that would definitely cause chaos in the world.

In addition to the collaborators from the outside world who are entangled like a tangle, and various interests tied up.

Lehman Brothers is not peaceful either. As an old consortium with a history of 157 years, Lehman Brothers can be said to have a long history.

It must be said that other consortiums with the same long history in the United States are not far behind in history.

However, it is different from other consortiums that have an orderly inheritance and still keep the power of the consortium in the hands of their own family even if they encounter setbacks.

For example, even though the Little Jack California Consortium is half-dead now, its power has still not fallen into the hands of others.

But the internal situation of Lehman Brothers was complicated. Before 1973, this consortium was still a family consortium, that is, the entire consortium belonged to the Lehman family.

However, when Robert, the head of the Lehman family, passed away in 1969, a leadership vacuum was left for the entire consortium. Coupled with the economic downturn at that time, the Lehman consortium almost collapsed.

In 1973, Bell & Howell chairman and CEO Pete Pitson was hired to start saving Lehman Group.

That is to say, although the operating conditions of the consortium have become better year by year since this year, the Lehman family's control over the consortium has become weaker and weaker year by year.

In the end, the entire Lehman Financial Group was occupied by various forces at the top, just like a joint conference. There was no one person who had a clear final say. Many things had to be discussed in meetings, and everyone expressed their opinions before the final decision was made through voting.

In other words, if Yang Dongxu wanted to cooperate with the Lehman Group, he could not have an in-depth discussion with the two current heads of the Lehman family and then finalize a rough cooperation framework.

This needs to go to the board of directors of Lehman Financial Group. It is still unknown whether a group of old men and women can come up with a decision after all kinds of quarrels.

This is also the reason why many American financial groups look down on the Lehman Group. After all, the entire family is about to be forced out of the core of the financial group, and it only has the reputation of the Lehman Group.

If 1973, the time when Peter was hired to join the Lehman Group, was taken as the end of the period of family control in the Lehman Group.

This consortium, whose management is like a parliament and has all parties involved, is only 34 years old. In the eyes of many traditional, established and powerful consortiums, this is just a brat.

A little brat has a huge amount of wealth, and it is impossible not to be greedy. Joining forces to divide him up is already a certainty.

And in another time and space, if you carefully look at the Lehman Financial Group from its peak to its complete decline and filing for bankruptcy, you will find that almost the entire United States, and even all major forces in Europe and the United States are playing him.

For example, when the subprime mortgage crisis broke out, Fannie Mae, Freddie Mac, Bear Stearns and other companies were also involved in the whirlpool.

U.S. officials claimed that these institutions were too large and could not be allowed to fail without affecting social stability, so they spent billions of dollars to rescue these companies.

When Lehman Brothers collapsed, they refused to bail out the company on the grounds that Lehman had too much debt and the government could do nothing.

And this is Lehman Brothers’ own fault. The government will not pay for this behavior. Instead, it will use Lehman as a negative example to alert others.

You must know that due to the flaws in Lehman's application, 20,000 employees lost their jobs. The direct and indirect impact on social unrest was greater than the combined impact of the bankruptcy of all companies including Fannie Mae.

As a result, the reason that the U.S. government used to bail out companies such as Fannie Mae before that their collapse would have a great impact on society was no longer applicable to Lehman Brothers.

The financial crisis caused by the collapse of Lehman Brothers spread around the world. Is this impact not big enough?

Another example is Merrill Lynch, the third largest investment banking company in the United States. When the U.S. government said it could not rescue Lehman Brothers, it was unable to do anything.

On the other hand, it announced that it would spend nearly 50 billion US dollars to acquire Merrill Lynch, which was also in the whirlpool, allowing the third largest investment bank to successfully go ashore.

Moreover, after the acquisition of Merrill Lynch, Merrill Lynch's stock price plummeted 21%, and it lost one-fifth of its money and nearly 10 billion U.S. dollars just after buying it back, but the U.S. government looked indifferent.

Another example is the three giants that were most affected by the bankruptcy of Lehman Brothers: Goldman Sachs, Morgan Stanley, and American International Group.

At first, it seemed as if they were all affected by Lehman Brothers, and it looked like one of them might follow in the footsteps of Lehman Group and declare bankruptcy.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! As a result, after the bankruptcy of Lehman Brothers, the U.S. government and the Federal Reserve took action again. First, they invested nearly 200 billion U.S. dollars to take over the American International Group, the largest company in Europe and the United States.

The insurance company insured it.

At the same time, Goldman Sachs and Morgan Stanley, who were in crisis, made a request to the Federal Reserve Board for bank holdings. This request was also made by Lehman Brothers.

But the U.S. government helped Merrill Lynch, Fannie Mae, Freddie Mac, Goldman Sachs, and Morgan Stanley, but it rejected Lehman Brothers.

Just allocate some of the money to help these people and give it to Lehman Brothers to help him tide over the difficulties. You must know that before Lehman Brothers filed for bankruptcy, it still had a lot of high-quality assets. After all, this is a consortium. In 2002, the world

Best investment bank.

An even more dramatic scene was before Lehman Brothers went bankrupt.

U.S. Treasury Secretary Paulson, Securities and Exchange Commission Chairman Cox, and senior executives from Citigroup, Goldman Sachs, Morgan Stanley, Goldman Sachs, Merrill Lynch and other companies gathered at the Federal Reserve Bank of New York in Manhattan for three consecutive days

Headquarters.

It is said that it is studying how to save Lehman Brothers, which is facing bankruptcy, in order to prevent the credit crisis from worsening further.

Don’t you think it’s funny? Goldman Sachs, Morgan Stanley, and Merrill Lynch were all involved in the subprime mortgage crisis, and looked like they were about to go bankrupt.

The savior side said it would save Lehman Brothers.

The result of the study is that Treasury Secretary Paulson opposed the use of government funds to rescue Lehman Brothers from its financial crisis.

Before their study, Barclays, the third largest bank in the UK, was prepared to assist Lehman Brothers because it held a lot of Lehman Brothers' bonds and would suffer considerable losses if Lehman Brothers went bankrupt.

At the same time, Lehman Brothers is definitely worth saving. After all, this is a complete consortium. After the rescue, Barclays Bank will make a lot of money by controlling this consortium.

As a result, both parties originally entered into negotiations, and the U.S. Treasury Secretary announced that he refused to rescue Lehman Brothers. Then Barclays Bank withdrew from assisting Lehman Brothers. This caused the stock market value of Lehman Brothers to drop by 94%.

At the same time, the Bank of America is also interested in Lehman Brothers during this negotiation and is preparing to join the Bank of America in rescuing Lehman Brothers.

After Barclays Bank announced that it would withdraw from aiding Lehman Brothers, Bank of America also withdrew without hesitation, and then three hours later, it acquired Merrill Lynch, pulling this little brother directly out of the whirlpool.

Then Lehman Brothers sued Morgan Stanley, accusing the other party of illegally extracting billions of dollars from Lehman Brothers' assets on the eve of its bankruptcy filing.

At the same time, during the cooperation between Lehman Brothers, Goldman Sachs, and Morgan Stanley, these two companies seemed to be losing money, but in fact they were both making profits.

As a result, now all the debts are borne by Lehman Brothers, and Goldman Sachs and Morgan Stanley, which originally seemed to be implicated and almost went bankrupt, are secretly making a lot of money.

However, this accusation was dropped in the end. After all, after the bankruptcy, Lehman Brothers simply did not have the capital to argue with these two companies.

In the end, Lehman Brothers completely went bankrupt and turned into a carve-up feast. Nomura Holdings, Japan's largest securities company, acquired Lehman Brothers' businesses in Asia-Pacific (except South Korea), Europe and the Middle East, and finally bought its Indian business.

EDF, a subsidiary of French power giant EDF, has acquired Lehman Brothers subsidiary L.P.

Then the private operating capital was sold at a bargain price of US$500 million, which almost wiped out all the investment management business of Lehman Brothers.

From then on, a once-prominent American conglomerate was dismembered and fell into pieces.

As a result of the entire subprime mortgage crisis that affected the world, Lehman Brothers took over everything. At the same time, the major financial groups also took advantage of Bear Stearns as a dessert.

So to sum up the whole story of the bankruptcy of Lehman Brothers in another time and space, Yang Dongxu wants to stand on the side of Lehman Brothers and is fighting not only a few established consortiums in the United States.

Instead, they are hostile to almost all of Europe, America, and Japan and other consortiums.

Facing an American consortium is enough to give him a headache. If several of them join forces, he has no chance of winning. Plus other European and American consortiums, Japanese consortiums...

Yang Dongxu suddenly had a sense of déjà vu, as if he had just come out of the novice village wearing new clothes, holding a small wooden sword in his hand, and was about to face the final boss of the game.

And what we are facing is not the ultimate BOSS, but a group of consortiums that stand at the top of the pyramid in this world.

"What a joke!"

Yang Dongxu pinched his eyebrows and threw the information in his hand on the table in front of him.