American Fortune Life
Chapter 1212: Shameless (30/64)
Andy Dove stood in front of the floor-to-ceiling windows of Lehman's eo office like a nest, watching the dark and gloomy night sky, looking down at the various TV stations and the media array of journalists across the street across the street downstairs.
"Al, do you like it?"
"not bad……"
Andy looked back and smiled at Al who was drinking coffee. "Then this building will be the headquarters of Gaia." ...
At 8 pm on September 14, 2008, Lehman was eventually pushed to the cliff of bankruptcy. The directors waiting in the conference room of Lehman's headquarters were at the moment looking at each other in silence, and Fuld sitting on the main seat looked around with sorrow for a week.
"I did everything I had to do. I let go of all my self-esteem and called everyone who might be a lifesaver. Hehe, do you believe that almost no one wants to take my call ..."
"Damn! He's a robbery! Shameless robber ..." one of the board members cursed in anger with a black face.
"I agree with the acquisition of Andy Smith. Don't look at me like that. Is there any other way to this point? It is more important to recover the loss than you, everyone. Look outside. Almost everyone is waiting. We fell, and then swarmed to share our wealth, what are you still hesitating ... "
"Jingle Bell"
At this moment, the telephone in the middle of the conference table rang, and everyone, including Fuld, had a sudden change in expression. The atmosphere in the conference room became more depressing. Fowler's pale face appeared a stern expression. A trembling finger was pressed against the handsfree.
"Good evening, Mr. Fuld. I am Christopher Cox, chairman of the Securities and Exchange Commission ..."
At this time, the chairman of the United States Securities and Exchange Commission, Christopher Cox, was equally ugly, with the most vicious curse in his heart cursing the US Treasury Secretary who forced him to make this call.
Originally, in accordance with the US regulatory framework, the SEC was the main regulator of Lehman Corporation as a listed company. But regarding the risks accumulated by Lehman, the SEC clearly failed to fulfill its regulatory responsibilities. Paulson was very upset with Cox, and he was marginalized by Paulson and Bernanke during subsequent government intervention.
Cox was very reluctant to make this call. After all, Lehman is not a private company. If it fails to operate, it will automatically declare bankruptcy in accordance with normal procedures, and government regulators will actively pressure a company to go bankrupt. This is very rare.
I thought I had asked Paulson to announce it with the Federal Reserve Bank of New York Geithner, but Paulson rejected it. I really answered that sentence. Under the high pressure of Paulson, Cox had to announce the bad news alone under the pressure of Paulson.
His call was from the New York Fed and the sound quality was a bit noisy.
Cox's voice was a little hoarse, and he resignedly announced to the board of Lehman Brothers: "I won't tell you how to do it. I can only tell you that a decision must be made quickly."
There was nothing but a heavy breathing in Lehman's conference room, and Cox's voice continued from the phone: "This is a severe moment and the board is facing a major decision."
At this moment, some people in the conference room finally got angry and couldn't hold their breath and gave out a sneer-like laughter. Lehman Brothers director John asked knowingly: "Are you instructing us to file for bankruptcy?"
Cox fell into silence and silence on both sides of the phone.
After a short while, Cox's voice came over the phone: "You have a great responsibility for the current situation. You need to act on it."
Uh ...
In the deadly meeting room, only the harsh sounds of the continuous echoed, the directors of Lehman Brothers leaned back into the chair, somehow, the resolution of the board of directors of Lehman Brothers has no practical significance. The tired Fold leaned back in his chair and said frustrated, "I think this is goodbye."
boom!
"Sell! Sell to Andy Smith! Whatever he wants, sell it all to him! The vultures on Wall Street have already begun to hover over us, and they will laugh at us while dividing up the Lehman brothers with warmth. The corpses, even if they die, won't make them succeed! "
"agree!"
"I agree!"……
There was excitement in the entire meeting room, and almost everyone was gritting their teeth and snarling with cheeks.
Click
The people in the EO office were shoved away. Andy, who was sitting on the sofa, watched a large group of board members headed by Fold and rushed in. Andy, smiling, stood up, and started with Al and the other party. Shake handshake.
"You won!" Fuld looked at Andy with a complex expression, and said hoarsely.
"No, we are a win-win! You can get the money and keep going ..." Andy smiled and said comfortingly if he didn't believe it.
"It's not going to happen anymore. They asked us ... to say that it's meaningless. Today all the directors are here. So, let's start the transaction!" Fuld shook his head and said sadly.
call
Andy exhaled a heavy breath, and looked back at Al with some excitement in his heart, and said with an excited expression, "Let our people come up!"
Al's eyes exuded a sharp and bright light, and he nodded slightly, took out his mobile phone and dialed out ...
Gloomy shrouded above Wall Street. At 10:30 pm, at the headquarters of Lehman Brothers in Manhattan, some employees came out of the building with cardboard boxes, handbags and even trolley cases. Some people held umbrellas and handicrafts printed with Lehman Brothers. The police used the fence to maintain order and traffic around it. Opposite the building were a line of reporters from major US television stations that were broadcasting live.
"Look, someone's coming out ... it's Chad Fuld ..."
"Oh my god, who did I see, that's Andy Smith ..."
"God, they came here, did the peak turn ..."
The group of reporters on the opposite road suddenly moved, and the flashes instantly dispersed the night. Andy and Fuld, who were walking side by side to the reporter group, were covered by a light curtain. Police, Lehman security, and bodyguards were like enemies. , Began to isolate the entire area, watching the lively passers-by, and the Lehman employees who lost their souls surrounded them.
In the night, the area in front of the Lehman Building was illuminated as daylight, crowds of people, and the scene was quiet and abnormal. Even the journalists who liked to speak wildly at this moment kept quiet and focused their eyes on Andy and Fall in the field. Germany and the two of them.
"Two hours ago, we successfully concluded a transaction with Mr. Smith. Lehman's New York headquarters behind us, two data centers in the United States, and the core business units in North America and Europe were sold to Gaia Investment Consulting ... "
Hum
There was an uproar in the audience. The reporters widened their eyes one by one, and they couldn't help poking the microphones on their faces with excitement. They restrained the questions they wanted to ask, waiting for the two to continue to disclose more information.
Andy glanced at Fuld, who didn't want to say more, knowing that it was time to play on his own, with a calm smile on his face, and took a small step forward. Everyone at the scene and everyone concerned about Lehman's bankruptcy A calm mouth before the American people in front of the news TV.
"At around 1pm today, I learned that the British gave up acquiring Lehman at the last minute and kept asking‘ what would the US government do if Lehman Brothers collapsed? ’...
As I left the Federal Reserve Building, I saw despair on everyone's face. They have been fighting desperately all weekend, and I feel sorry for them.
When I got home, I couldn't calm down, thinking of the coming wind and waves, a sudden burst of fear came to my mind. If Lehman survives, Wall Street's problems may run out of control.
As the United States sinks deeper and deeper into the quagmire of recession, the collapse of any large financial institution will cause a catastrophic chain reaction that is far beyond our control ... I tell myself what must be done, even if it can do a little To try to prevent the terrible disaster from coming later, although it was a sloppy salary, but I did my best. "
Andy said passionately, ignoring Fold's weird expression about to spit out, but looked at him and said, "Chad, don't thank me. Finally, I wish you good luck, God bless you, God Bless America! "
Speaking of it, Fuld no longer wished to bite his expression and gave him a hug, then turned and walked away quickly, without paying attention to the group of reporters who had exploded behind him. The noisy voice sounded throughout the scene.