rebirth against the times
Chapter 140 The last straw
Liang Ying's words alerted everyone, so they all cheered up. William seemed extremely excited. They all knew that no matter whether they lost or lost this battle, it might be a battle they rarely experienced in their lives. If they won, it would be worth bragging about.
A lifetime thing, and it also marks that they have enough wealth to retire early.
Although the operation has been implemented, there is no way to turn around. However, Liang Ying still arranged for Liu Shu, Weilun and others to quickly arrange informants to follow up at the Four Seasons Hotel. At this time, every detail must not be missed.
A little change may change the direction of the entire situation. At least for now, Lehman has not really reached the end of its rope. Even if there is a last life-saving straw, it must be pulled out to make people feel at ease.
At 8 o'clock in the evening, the grand ballroom of the Four Seasons Hotel in Lower Manhattan, New York, was brightly lit. At this time, Mr. Lei of Lehman Brothers had completely lost his previous domineering attitude and personally greeted guests at the hotel door. Bai Shuo and his insiders silently observed
Everything that happened continuously sent information to the command center - the villa that was set up as a studio. Of course, it was not just Bai Shuo and the others who paid attention to this banquet, it could be said that there were influential power groups throughout the United States.
, now all eyes are drawn together.
JPMorgan Chase is here, Goldman Sachs is here, Morgan Stanley is here, Merrill Lynch, Citigroup... Although these big guys are reluctant, they have to come because of the face of the Treasury Department and the Federal Reserve.
.After a while, Lao Cai and Lao Chu also arrived at the hotel. The heads of the major investment banks were all well-dressed and gathered together. This was a rare spectacle. Together with Lao Cai and Lao Chu, all the big shots who could influence Wall Street were...
Absence. This situation made the outside world believe that the US government was determined to save Lehman.
At the studio, Bai Shuo and others gathered together nervously, paying close attention to the situation at the Four Seasons Hotel. "It seems that the battle is quite big..." Liang Ying said.
"Everyone has his own agenda, it's just a mob." Bai Shuo smiled contemptuously.
However, Bai Shuo's smile did not make everyone more relaxed. Many people were still analyzing and thinking about the current information with expressionless faces.
After the cocktail party started, Mr. Lei took his capable men to greet the big guys. These big guys seemed to be gentle and personable, but in fact they had their own thoughts. During the conversation with Mr. Lei, everyone was full of shame.
It is not an exaggeration to say that the game of interests is even like a bargain in a free market.
"As long as we provide funds, anything can be discussed."
"Afraid of default? If there is a problem with the first 5 billion, Lehman will repay it."
"Do you think it's expensive? Well, let's give you a 20% discount"...
Mr. Lei was begging for mercy in front of the heads of major investment banks. You must know that just a year ago, Mr. Lei was famous for his arrogance on Wall Street. At such a cocktail party, he was not particularly dazzling. Just three months ago, Mr. Lei was notoriously arrogant on Wall Street.
Before, he had ignored Feibart in a domineering manner, and two months ago he had angrily criticized Goldman Sachs, but now he is almost kneeling down in front of these people.
After getting a bunch of specious promises, Mr. Lei turned his head helplessly, and the smile on his face gradually became stiff. You must know that in the past, he could use many means to slowly turn these specious things into reality, but
Now he has no time and space to change things. What he needs is something real.
Mr. Lei came to Lao Cai and Lao Chu. After some careful consideration, Mr. Lei finally put forward the bottom line of his expectations: "We only need one condition, either the federal government injects capital, or the Federal Reserve Bank of America makes a commitment to our commercial mortgage bonds, so that we can
We have time to deal with the relevant assets." Mr. Lei said word by word. At this time, Mr. Lei could think of the last way to save himself, "exchanging time for space." But Lao Cai and Lao Chu knew that such a commitment was their own
What cannot be given. Taxpayers' money cannot be used to save Wall Street investment banks. This is the bottom line principle that the government has set.
"As the plenipotentiary representative of the president, I will not use taxpayers' money to save Lehman." As soon as Lao Cai finished speaking, Mr. Lei's expression changed drastically, but the other party seemed to have made up his mind.
Just when Mr. Lei was at the bottom of his despair, Lao Cai pointed at the Wall Street bosses in the room and said, "Although I can't use taxpayers' money to save Lehman, they can."
Mr. Lei followed Lao Cai's finger, looked at the big guys who had just cleaned himself up, and smiled awkwardly. He, who had half of his body buried in the loess, could not control those people.
Lao Chu saw Mr. Lei's dilemma, and after some discussion, Lao Cai was finally forced to have no choice but to step forward and settle the matter.
Lao Cai stood up slowly and relied on his prestige to gather everyone together. But as soon as Lao Cai explained what he meant, many big shots began to whisper.
"It's difficult to handle. The funding gap is too big."
"It's hard to say how deep this hole is. Who doesn't have difficulty with it now?"
"If the government doesn't come out to reveal the truth and let you pay for it, only a fool can do this..."
Lao Cai couldn't stand it anymore. He slapped the table hard, and at the same time asked someone to close the hotel door. He said to a group of big shots: "If Lehman fails, everyone here should not think that there will be any benefits."
, you will all be implicated. No one can leave unless we come up with a solution today, and all of you must give me an attitude."
Then, Lao Cai took out another notebook, opened it and said, "I will carefully record the plan you provided today as a reference for the next step."
When everyone saw it, they were like, damn, this means that what everyone did or didn't do today will be recorded in this small book. If you don't give face, it will be the basis for settling accounts in the future. The hotel door has been closed now, although one door is not enough.
In order to really lock up these big guys, but the meaning conveyed by it is what these big guys have to pay attention to.
This key information was accurately delivered to Bai Shuo's team by insiders. Different voices also appeared in Bai Shuo's team again. Some people thought that if Lao Cai really brought all these big guys to a unified front, it would be
Lehman can definitely be saved. However, Bai Shuo still insists on his opinion, thinking that wanting to save is one thing, but whether he can be saved is another. And if the American government really wants to save Lehman, then there is no need to do it.
Like this?
At this point, in order to lighten the atmosphere, Bai Shuo told everyone a story: In the past, there were no donkeys in "Qian" in China. A troubled man brought a donkey, but it was of no use after it arrived, so he put it away.
The donkey was placed at the foot of the mountain. A tiger saw the donkey and thought that this tall guy must be very powerful, so he hid in the woods and watched secretly. Later, he quietly came out and approached the donkey cautiously, not knowing the details of the donkey.
One day, the donkey brayed. The sound was very special and terrifying. The tiger was startled and ran away, thinking that the donkey was going to bite him. He was very frightened. However, after repeated observations, the tiger felt that the donkey was nothing special.
skills, and became more and more familiar with the braying of donkeys.
Later, the tiger began to walk in front of and behind the donkey, spinning around, but did not dare to attack the donkey. After that, the tiger slowly approached the donkey, becoming more and more aggressive, either touching it or leaning on it, constantly offending it. The donkey was very
When he was angry, he kicked the tiger with his hoof.
The tiger thought in his mind: "It turns out that your ability is nothing more than this!" So the tiger pounced on it, roared, bit off the donkey's neck, and ate it. This story shows that the donkey looks tall and tall.
It seems to be very powerful; it has a loud voice, and it seems to be capable. But if you look closely, you will find that the donkey's ability is just that, and it is not worth fearing. This is the story of the donkey in Guizhou who has no skills.
Everyone seemed to have some enlightenment after listening, and in the end it was Bai Shuo who sharply commented on the old man from the Ministry of Finance - his current performance was that of a poor man.
Hans was once again impressed by the Chinese culture and gradually became interested in idiom stories.
The situation continues to develop, and many insiders are also paying close attention to the development of the situation. However, after the situation has reached this point, these insiders can only get a glimpse of the situation, and they still cannot have a deep understanding of the core content of the discussion.
"Find a way!" Bai Shuo said resolutely: "We must learn more about the progress of the matter." The sources of information gradually dried up, making Bai Shuo a little worried.
Liang Ying was stunned for a moment, and suddenly said to everyone: "Find a way to let people keep an eye on the major operations within those companies. It is impossible for those big bosses to fight alone."
After some words, Liu Shu, Weilun, Hans and others took action one after another, each using their own connections and informants to collect information from within JPMorgan Chase, Goldman Sachs, Morgan Stanley, Merrill Lynch, Citigroup, etc.
.
Seeing everyone busy, Bai Shuo couldn't help but think of the fight with Vice President Gao in the machinery factory. As a small security guard, Bai Shuo was at an absolute disadvantage in front of Vice President Gao, relying on the large amount of information resources in his mind.
, and finally defeated the superior Vice President Gao and won an impossible battle. "Information is very important. The future is an era of informationization. Whoever can master more information will be invincible. Our information channels
It's still too closed-minded." Bai Shuo turned to Liang Ying beside him and said.
"Yes, if you want to be invincible in the future, it is very necessary to master more information resources than the enemy." Liang Ying was also touched by Bai Shuo's words and fell into thinking...
It was already the early morning of the 13th. The business conference room of the Four Seasons Hotel was filled with smoke. The Wall Street investment bankers who came to attend the reception were called here for a meeting by Lao Cai. No one expressed their position. Everyone was waiting for the assets in the conference room next door.
Report issued by the accounting team. Before the previous cocktail party ended, Mr. Lei formed a team to work with the joint working group of Goldman Sachs and Credit Suisse designated by Lao Cai to calculate the value of the new company. The transfer of personnel from major companies entered the hotel.
Naturally, none of the series of actions escaped Bai Shuo's eyes. Combining the information collected from various companies, Bai Shuo could basically determine what was happening in the hotel.
Next, Mr. Lei spent the most difficult hours in history. The accountants and lawyers of the accounting team began to review the assets one by one and "tortured" them severely. Each and every question asked Mr. Lei relentlessly, which made Mr. Lei's team members
I broke out in a cold sweat. Similarly, in Bai Shuo's villa, everyone also spent a very tense few hours together, and no one dared to slack off at all.
At 0:13 in the morning, the accounting team asked the last question. "Friends of Lehman, please step aside now. We are going to have an internal discussion and issue a conclusion report."
At 1:30 in the morning, the accounting team opened the door to the conference room. Representatives from Goldman Sachs walked into the high-end business conference room where Wall Street bosses gathered and read the accounting team's report to everyone. "Lehman's non-performing assets are not just 30 billion yuan."
, but up to 70 billion yuan. And these assets have no guarantee, and they are actually only worth 65% of the book amount, or even lower..." Before he finished speaking, the big guys were already talking about such a bad debt.
No one would come to the rescue easily. Even Mr. Lei himself lost confidence and closed his eyes in despair. Finance Minister Cai glanced at Mr. Lei with a complicated expression and left the conference room without saying a word.
Just as everyone was leaving, the boss of Merrill Lynch came to a corner and quietly made a phone call. The other party on the call was Bank of America. Although the content of the conversation was unknown, this detail was
It was seen by Bai Shuo's informant and passed back accurately. Among the many messages, this message was discovered by Hans. He thought silently for a long time and finally expressed his judgment: "Meilin panicked.
, their situation is not much better than Lehman. If Lehman collapses, he will be next. I am afraid that they will cooperate with Bank of America to poach Lehman."
Merrill Lynch is the third largest investment bank, even more important than Lehman. If Lehman cannot be saved, will the US government be happy to see Merrill Lynch also fall? Bai Shuo showed a weird smile, okay, let them
Let's fight each other, it seems that Lehman is destined to become the abandoned son.
On the other side, Mr. Lei returned to the company depressed and contacted Bank of America and Barclays with a glimmer of hope. At present, they were the only life-saving straw he could think of.
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