The Pioneer of the Rebirth Era

In the living room of the manor, Yang Dongxu held the Lehman Brothers all asset trust report, his brows furrowed deeper and deeper.

Although the situation of Lehman Brothers has been estimated, after all, he is also one of the black hands behind the scenes.

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

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

If the situation becomes extremely bad, 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 threw all his worth into it, it would not be enough to fill the hole. Such a bottomless pit can only be rescued by economically powerful countries such as the United States, China, and Europe by using national banks to pull 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 known as the world's best investment bank from 2000 to 2002.

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

For example, the Bank of England, American International Group, Goldman Sachs, Morgan Stanley and other financial groups are involved in the financial business alone.

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

Plus those small and medium-sized banks and several investors, as well as individual investors and so on. The entire Lehman Brothers is now a hornet's nest, the kind that pokes the absolute world into chaos.

In addition to the partners who are entangled with the outside world like a mess, and various interests are tied.

Lehman Brothers is also not peaceful internally, as a veteran consortium with a history of 157 years. Lehman Brothers can be said to have a long history.

Like other consortiums with the same long history in the United States, it can be said that they are not far behind in history.

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

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

However, the internal situation of Lehman Brothers was complicated before 1973. This consortium is still a family consortium, that is, the entire consortium belongs to the Lehman family.

However, when Robert, the helm of the Lehman family, passed away in 1969, leaving a leadership vacuum for the entire consortium, coupled with the economic downturn at the time, the Lehman consortium almost collapsed.

1973 Pete Pearson, chairman and chief executive of Bell Howell \u0026 Co., is hired to begin the rescue of Lehman Group.

That is to say, although the operating conditions of the consortium have been improving year by year since this year, the Lehman family's control over the consortium has been weakening year by year.

In the end, the entire Lehman Finance was settled by various forces at the top level, just like a joint meeting. There is no one who can make a final decision. Many things have to be discussed in a meeting. Everyone expresses their opinions and finally votes to make a decision.

That is to say, if Yang Dongxu wants to cooperate with the Lehman consortium, it is not possible to have an in-depth discussion with the current Patriarch of the Lehman family to determine the general cooperation framework.

This requires going to the board of directors of the Lehman consortium. It is still unknown whether a group of old men and women in Wuyang Wuyang can come up with a decision after various quarrels.

This is also the reason why many American consortia look down on the Lehman consortium. After all, the entire family is about to be forced out of the core of the consortium, and the reputation of the Lehman consortium is empty.

If Peter was hired into the Lehman Group in 1973 as the end of the period of family control in the Lehman consortium.

Then this consortium, whose management is like a parliament, has all kinds of forces, and it is only 34 years old. In the eyes of many traditional, established and powerful consortiums, this is a little kid.

It's impossible not to be greedy for a little kid who owns a huge amount of wealth. It is already a certainty to join hands to carve up him.

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

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

U.S. officials declared to the outside world that these institutions were too large to fail or they would affect social stability, so they spent billions of dollars to rescue these companies.

When Lehman Brothers had a thunderstorm, they refused to bail out on the grounds that Lehman had too much debt and the government could do nothing about it.

And this is what Lehman Brothers did on its own. The government will not pay for this kind of behavior. Instead, it will use the Lehman consortium as a negative example to warn others.

You must know that Lehman’s application was flawed, 20,000 employees lost their jobs directly, and the direct and indirect impact on social turmoil was greater than the combined impact of the bankruptcy of all companies such as Fannie Mae.

As a result, the reason that the US government said when it rescued Fannie Mae and other companies that the collapse would have too much impact on society can no longer be used for Lehman Brothers.

The collapse of Lehman Brothers and the spread of the financial crisis around the world, the impact is not big enough?

Another example is Merrill Lynch, the third largest investment banking company in the United States, when the US government stated that it could not help Lehman Brothers.

While announcing the acquisition of Merrill Lynch, which is also in the whirlpool, for nearly US$50 billion. Let the third largest investment bank land successfully.

And after the acquisition of Merrill Lynch, Merrill Lynch's stock price plummeted by 21%, and it lost one-fifth of the money just after buying it back, nearly 10 billion US dollars, but the US government didn't care.

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

At the beginning, it seemed that they were all implicated by Lehman Brothers, and they seemed to be going bankrupt following in the footsteps of the Lehman consortium.

As a result, after the bankruptcy of Lehman Brothers, the U.S. government and the Federal Reserve made another move. First, they invested nearly 200 billion U.S. dollars back and forth to protect the largest insurance company in Europe and the United States, the American International Group.

At the same time, Goldman Sachs and Morgan Stanley in the crisis put forward the requirements of bank holdings to the Federal Reserve Board. This requirement was also mentioned 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.

Allocating some of the money to help these people to Lehman Brothers can help him tide over the difficulties. You must know that before Lehman Brothers filed for bankruptcy, they still had a lot of high-quality assets. After all, this is a consortium, and it was the best investment bank in the world in 2002.

Even more dramatic is the time before Lehman Brothers went bankrupt.

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

It is said that it is to study how to save Lehman Brothers, which is facing bankruptcy, so as to prevent the further deterioration of the credit crisis.

Don't you think it's funny that Goldman Sachs, Morgan Stanley, and Merrill Lynch are still in the whirlpool of the subprime mortgage crisis after being implicated by Lehman, and they look like they are about to go bankrupt, but they stand The savior side said it would save Lehman Brothers.

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

Before their research, Barclays, the third largest bank in the UK, was preparing to assist Lehman Brothers, because he had a lot of Lehman Brothers bonds in his hand, and he suffered a lot from the bankruptcy of Lehman Brothers.

At the same time, Lehman Brothers is definitely worth saving. After all, this is a complete consortium. After being rescued, Barclays Bank's control of this consortium is almost profitable.

As a result, both parties had entered into negotiations, and the Secretary of the Treasury of the United States announced that it would refuse to rescue Lehman Brothers. Then Barclays withdrew to bail out Lehman Brothers. This caused Remay Brothers' stock market value to drop directly by 94%.

At the same time, Lehman Brothers is also interested in this negotiation, and it plans to join the Bank of America that rescued Lehman Brothers.

After Barclays announced it was withdrawing from aiding Lehman Brothers. Bank of America also withdrew without hesitation, and three hours later, it bought Merrill Lynch backhand, pulling this little brother directly out of the whirlpool to the shore.

Lehman Brothers then sued Morgan Stanley, accusing it of illegally extracting billions of dollars from Lehman Brothers on the eve of his bankruptcy filing.

At the same time during the cooperation between Lehman Brothers and Goldman Sachs, as well as Morgan Stanley. Both companies appear to be losing money, but are actually making money.

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

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

In the end, the complete bankruptcy of Lehman Brothers became a carve-up feast. Nomura Holdings, Japan's largest securities company, acquired Lehman Brothers' business 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 L.P., a subsidiary of Lehman Brothers.

Then private operating capital BCL and H-F invested $2.15 billion in cabbage price, almost packing away all the investment management business of Lehman Brothers.

Since then, a prominent American consortium has been dismembered and torn apart.

As a result of the subprime mortgage crisis that affected the whole world, Lehman Brothers carried everything. At the same time, the major consortiums also beat up a mob to pack up Bear Stearns as a dessert.

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

Instead, it is almost hostile to the entire Europe, America, and Japanese consortiums.

Dealing with a US consortium is enough for him to have a headache, and he has no chance of winning with several alliances, plus other European and American consortia, the Japanese consortium...

Yang Dongxu suddenly had a sense of déjà vu that he had just come out of Xinshou Village, wearing a new suit and holding a small wooden sword in his hand, and was about to face the ultimate boss of the game.

And what they are facing is not an ultimate boss, but a group of consortia standing at the top of the pyramid in this world.

"This is still a fart!"

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