Reborn Millennium Player

September 12, New York.

The sound of "di-di-di" whistle echoed through the narrow and crowded Wall Street.

Lu Fei opened the curtain and looked outside, and saw densely packed people of all skin colors, demonstrating and holding signs and shouting.

The relatively mild ones also gathered in front of Goldman Sachs, Morgan Stanley and other companies to sit in silence. As they passed by, some were in suits and some were in casual clothes, but one thing was the same. They were holding two things in their hands.

——

Backpacks and suitcases.

Each of the dismissed employees looked solemn, facing reporters and cameras, unable to suppress their inner disappointment and anger.

"What a beautiful landscape, isn't it?"

Lu Fei looked on coldly and pulled the curtain down.

"What you asked Carlson to check has been found."

Xu Xin shook his head and laughed and said: "The entertainment and leisure resort he reorganized and renamed after bankruptcy is on the verge of bankruptcy again due to the subprime mortgage crisis, which is the sixth bankruptcy. He is really a genius. The casino can make him bankrupt twice."

"Nothing is unexpected, only he can't do it."

Lu Fei raised his eyebrows, finally understanding why Yin Fanka was so proactive and even wanted to give him a child.

boom!

At this moment, a person fell from the air and hit a Japanese car without missing a beat, causing the windshield to explode.

In an instant, the entire roof of the car sunk in.

With the sound of sirens, people were completely ignited with anger and swarmed into the company protected by strips.

Under the cover of Wang Ben's bodyguards, Lu Fei and others entered the headquarters building of the Blackstone Group, which had a relatively good security level.

Unexpectedly, Schwarzman, Blackstone's talker, came out to greet him in person.

"Wow, I really didn't expect that you should play golf in Florida?" Lu Fei shook hands with him.

"If my successor were you, then I could sit back and play golf without worries, but it's a pity that I can't."

Schwarzman sighed, "Although Blackstone has talents, they are all people who feel comfortable after achieving some results. They cannot control the ever-changing investment market, especially the complex economic situation such as subprime mortgages. They can only remain the old captain like me."

Continue to take the helm, I really don’t know who is qualified to take my position..."

"You will definitely find a good successor."

Lu Fei walked into the reception room and ordered a cup of coffee.

"No matter who takes over, we will never forget the friendship between you and Blackstone." Su Shimin looked at him meaningfully.

Nonsense, who can have trouble with money?

Lu Fei smiled coldly in his heart. In order to be able to take advantage of the next loan, Blackstone was naturally drawn into his camp.

At the end of July, he and John Paulson called it quits as soon as they got along, paid for their troops, digested the results of the war, and divided the spoils with their allies.

The entire community of interests makes a lot of money.

John Paulson alone has earned more than 4 billion U.S. dollars, and he turned directly from a fund worker to an owner.

The Trisolaris Fund’s original expected income was around US$17 billion, but the result was far beyond their expectations——

Earned a total of 19.28 billion U.S. dollars!

The key is to share the surplus after the cake is divided!

It is almost equivalent to the entire net worth of the Li Huagua family, and one-third of the net worth of the Bill Gates family!

"Lu, what do you think of the current situation?"

Schwarzman asked about the situation after the subprime mortgage crisis, especially the fate of Lehman and Merrill Lynch that were at stake.

Lu Fei didn't answer and asked instead: "Didn't the Ministry of Finance have a meeting with you? You should know better than me?"

"Don't mention it, they have too many bad debts."

Schwarzman said helplessly: "But Henry asked us to save Lehman no matter what. It was too big to fail, but he and the Federal Reserve did not participate or intervene. They just said, 'Anyone who is here but unwilling to help, we will remember

You guys are really having a headache."

"Zizzizi~"

Lu Fei took a sip of coffee and said, "You won't know until the tide recedes whether you were swimming naked. The best case scenario is to be rescued ashore like Bear Stearns. The worst case scenario is to drown in the water."

"Merrill Lynch doesn't know yet, but there are two potential buyers of Lehman, Bank of America and Bank of America, which are expected to require US$65 billion." Schwarzman raised two fingers.

"This is not something I can interfere with, and I can't interfere with it, but if I can, I hope Lehman drowns in the water."

Lu Fei's eyes flashed, thoughtfully.

"I am not wrong. Lehman has offended you, offended me, and offended Henry and Goldman Sachs. But if we don't save them, we will not be in trouble. The subprime mortgage crisis is getting worse. All stock markets are falling. There are few people like you."

The penguin didn’t fall like that.”

Schwarzman smiled knowingly, "Most of them are selling for cash. Before we get down to business, I want to ask your opinion?"

"If you hold on firmly, there will be a way."

Lu Fei looked directly at him and smiled mysteriously.

In fact, I had secretly prepared to buy the dips and buy back Amazon, Apple, Microsoft, and Sony that had been cashed out at high levels...

"It seems that we heroes have the same idea."

Schwarzman laughed. Blackstone's strategy is to insist on not selling and wait for the economy to pick up, and there will be gains.

"According to your opinion, you are not considering selling Freescale's automotive chip department to us?" Lu Fei heard the voice.

Schwarzman shook his head and said: "I hope Freescale's problem will be solved by the mobile phone chip department that has problems, rather than sacrificing other healthy and normal businesses."

"The automotive chip market is not as easy as expected, and not long ago Motorola paid compensation and terminated its mobile phone chip purchase obligation agreement with you."

Lu Fei directly explained Freescale's dilemma.

After Motorola sold Freescale to Blackstone, it still supported Freescale as its own son and signed a long-term purchase agreement, accounting for 30% of the entire revenue.

But now, with Nokia dominating feature phones in the front, Logic behind, and smartphones such as Apple taking the backseat, Motorola has no time to take care of itself, so it can only continue to reduce its purchases of Freescale.

In the end, Freescale lost Motorola as a major customer, could no longer sell mobile phone chips, and could not make any money.

Debt has grown higher and higher, reaching as high as $7.5 billion.

"Yes, so we have found a new partner for Freescale." Schwarzman said, "Huawei."

"I know about this. Huawei sent a bidding invitation to you and five private equity funds KKR, but it seems that I never heard anything about it?"

As an honorary consultant and shareholder of Huawei, Lu Fei knows very well that although Huawei has shipped more than 20 million mobile phone terminals, it has invested heavily and made little profit, making no money at all.

There is a "smile curve" theory in the manufacturing industry.

The global industrial chain is divided into three links: product research and development, manufacturing and processing, and circulation. The profit margins of the three links are connected on the coordinate axis, forming a smile curve similar to a human face.

The product development and distribution links at both ends have high profit margins, while the manufacturing and processing in the middle is a hard job.

Work more, earn less, risk more, and make less profit.

So I wanted to sell the mobile phone terminal as Foxconn, hoping to sell at least 49% of the shares in exchange for US$2 billion.

"You know, because of the subprime mortgage crisis, we can only temporarily shelve the negotiations, and wait until the world gradually gets rid of the financial crisis before restarting the negotiations." Schwarzman said seriously.

"Is this how Freescale intends to survive the economic crisis?"

"There is no other way."

"I have an idea."

Lu Fei put forward the plan he had prepared long ago, exchanging Su Zifeng's non-competition agreement for a logical purchase obligation agreement.

"This is indeed a good deal."

When Su Shimin heard this, his eyes lit up.

"We can purchase Freescale chips, but the supply must be on time and must not be delayed." Lu Fei's biggest worry is that the excessive debt burden will seriously affect Freescale's capital turnover in normal operating activities.

Can't survive subprime mortgages.

If you go bankrupt, you will need to find a replacement supplier on a temporary basis.

"Lu, you don't have to worry at all. I can let Freescale disclose its financial reports to Logic alone."

Schwarzman made the decision without thinking.

"Then it's settled."

Lu Fei nodded with satisfaction.

Freescale was privatized by Blackstone and originally had no obligation to disclose financial reports to the outside world. But now that it is under his control, it is equivalent to opening up a perspective on logic and knowing Freescale well.

"deal!"

Su Shimin touched his white beard and made a decision.

After some bargaining, the chips used in Logic's tablet computers will continue to be purchased from Freescale, and the next-generation Kindlepad chip project will also be jointly developed.

As for mobile phone chips, they are mainly low-end.

In addition to selling domestic copycat phones with a "turnkey" solution, ThePaper Technology mainly sells them to mobile phone manufacturers included in the "Home Appliances to the Rural Areas" plan, such as Tianyu and Shenzhou...

In addition to the vast rural market, there are also Southeast Asia, Eastern Europe, and even Africa, but they will not be sold directly to Tianzhu.

"It's a pleasure to cooperate. Maybe Su Zifeng will come to do business with her old employer in the future."

A smile appeared on Lu Fei's lips.

Back then, Qin Mugong exchanged five black sheepskins for Baili Xi, but now Mr. Lu used a purchase order to redeem Su Zifeng's freedom.

"Haha, happy working together."

Schwarzman asked someone to pour two glasses of whiskey, "I have always felt that the biggest investment opportunity in the future is in China. Just like cooperating with Huawei, it can be mutually beneficial and win-win, and it is also conducive to Blackstone's later investment in China, but what I want to cooperate most is

You, Lu!"

He handed over a glass of wine and said, "If Logic is willing to let investment go, we will definitely be the first!"

"I'm afraid the logic doesn't work."

Lu Fei clinked glasses with him and took a sip, "But maybe Blackstone would be interested in other businesses."

"For example?"

Because Blackstone is an international financial group with operations all over the world, the two talked about cooperation in Europe and Asia.

But the people we talked about most were China.

The most talked about thing in China is real estate.

A large number of Blackstone's high-quality assets are real estate, and it has a broad presence in China's real estate field. Since Lvcheng's major shareholder is also a director of Wangke, it follows the trend and sells out Sunac.

“Investing in Sunac requires discussion and approval by the board of directors, but I don’t think there is any problem with the cooperation between Lvcheng and Sunac.”

Schwarzman glanced at his watch, "Let's talk about it while eating. I made a reservation at Delmonico's restaurant for noon."

"Buzz buzz~"

Xu Xin received a text message on the mobile phone she was holding at this time——

The New York Times exposed the scandal of Lehman's repurchase of bonds No. 105 and 108, and the stock price plummeted 5.2%.

"Ha, oh my, that's really unfortunate."

Su Shimin asked people to collect information immediately, and then turned to face Lu Fei. The corners of his mouth were obviously raised crazily, but he tried to pull them down.

"I think it's deserved, don't you think?"

Lu Fei smiled and narrowed his eyes.

"Indeed! Lehman really deserves it!"

Su Shimin didn't bother to hide it and laughed so hard: "Wow, Lu, maybe it's as you wish, Lehman is dead."

"It's us, but we have to be prepared to face strong winds and waves."

Lu Fei glanced out the window with his peripheral vision.

In broad daylight, the streets were crowded with people, and the shouts were mixed with the sounds of sirens and sirens.

Gradually, dark clouds covered the entire sky.

The entire Wall Street is also shrouded in the cloud of financial crisis.

The Lehman repurchase scandal has spread throughout the United States, and everyone is aware of it. In the two quarters of this year alone, it has covered up more than $50 billion in problematic assets. It seems to be the straw that breaks the camel's back. Lehman has already

To the point of being on the verge of bankruptcy.

Henry Paulson urgently summoned all the giants of Wall Street.

Including Schwarzman, everyone gathered in the conference room to discuss how to rescue Lehman and restore confidence in the American market.

However, this meeting was missing an important person——

The person involved is the CEO of Lehman, Fuld.

"who is it!"

"Fake, who told the secret!"

"Who stabbed out bonds 105 and 108!"

Fuld took a golf club and angrily hit a stack of books and broke all the cups and vases.

With a crackling sound, the secretary hurried in and delivered an unbelievable piece of bad news——

"Bank of America just announced that it is acquiring Merrill Lynch."

"Is it because of our scandal?"

"Not just this, Merrill Lynch has been secretly poaching us as early as when Bank of America was discussing the details of the acquisition with us. They are also trying to save themselves."

"Fuck Fuck!"

Fuld was furious, "I really can't believe this is true. Selfish guys like Merrill Lynch, don't they know that if Lehman fails, the entire Wall Street will suffer along with it!"

"This scandal was most likely instigated by Goldman Sachs, which had been looking for ways to short Bear Stearns and us."

The secretary said bitterly: "He wants us to die now!"

"It's useless to worry about these things now. We must survive first. Only by surviving can we have a chance to settle accounts with these bastards like Goldman Sachs, Merrill Lynch, and Trisolaris."

Fuld could only pin his hopes on the Bank of Bale.

But there was no miracle. Within three hours, Bale Bank decided to withdraw from the operation to rescue Lehman because the United States refused to provide financial guarantees. The outcome was doomed.

"winter."

The receiver hit the table hard.

Fuld's legs became weak and he stumbled, bumping into the bookcase on his back. The trophies, honorary plaques, photo frames, etc. displayed on it fell one after another, and the bells jingled non-stop.

In the corridor, employees could be vaguely heard crying quietly.

Fuld slumped on the sofa, his eyes vacant, and murmured: "That means we can only file for bankruptcy, right?"

"Yes, yes, but we still have a chance..."

The secretary was depressed and her voice was low.

By filing for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, bankrupt companies can still operate as usual, and stocks and bonds can continue to trade in the market. They will reorganize their businesses in the next few months, use dead horses as live doctors, and strive to make profits again as much as possible.

.

"No more, everything is over, over."

Fuld inadvertently noticed "The Big Short" on the table and saw the name "Huaxia Continent" signed in the author column. He got angry and picked up the book and tore it up angrily.

"Tear, tear~"

“Goldman Sachs!”

"land!"

"John Paulson!"

"You are all murderers, all murderers!

"

Fuld was furiously venting his impotence.

The Nokia that fell on the ground suddenly buzzed and vibrated. The secretary smiled bitterly and bent down to pick it up. When he saw the caller number, he was completely dumbfounded. He opened his mouth and said:

"It's Lu who called."

"Give me, give me your phone."

Fuld was about to scold him with a muffled face, but he heard Lu Fei on the phone, laughing and moaning like a devil:

"How about it, do you want to make a deal?"

"What deal?"

The next day, 1 o'clock in the morning.

Faced with liabilities of US$613 billion, Lehman, the fourth largest investment bank with a long history of 158 years and the top spot on Wall Street in the United States for 40 consecutive years, officially announced its application for bankruptcy protection.

As soon as the news came out, the U.S. dollar and U.S. stock index futures fell in unison, indicating that the U.S. stock market may fall sharply that day.

Even a stock market crash!

Credit markets were frozen and banks were run.

The financial tsunami really reached its climax due to the bankruptcy of Lehman!

!