American Fortune Life
Chapter 986: I hate the golden thread every year, mak
Chapter 985: Greedy bloodthirsty sharks (two more) Next »
Chapter 987: Really can't mess with it (one more)
Port of Spain, the capital of Trinidad and Tobago, is a beautiful coastal garden city and a deep-water port. It was once a Spanish colony more than 400 years ago, and it was named for it.
This country is a relatively economically developed country near the Caribbean Sea, with the majority of black Indians, and the number of murders each year ranks second in the world.
In the equatorial country, it is extremely hot. In the luxurious suite of the Trinidad Hilton Conference Hotel, Andy was wearing only a pair of shorts, leaning on the sofa, and smiling at the press conference of the US Treasury Secretary Paulson on TV.
"The Federal Reserve has taken appropriate action to collaborate with market participants to minimize the impact of the financial crisis ...
The Federal Reserve rescued Bear Stearns, thereby avoiding the greater damage that other financial companies and even the US financial system could suffer ...
I am very confident that the U.S. financial market is free from the current chaos. The U.S. economy is still capable of rejuvenating. I think a strong dollar is in the interest of the U.S .... "
Andy's smile is getting brighter and brighter. He knows that shorting Bear Stearns, the fifth largest investment bank in the United States, has completely hurt the US financial system.
But who cares!
He Andy Smith only needs US dollars, a lot of dollars is his goal. The opportunity brought by the subprime mortgage crisis is precious. Only by cutting meat from large companies will he be full. When the whole world enters the economic crisis, At that time, instead of falling, the opportunities seemed to be many, but there were not many opportunities to make big money.
Buzz
Andy trembled slightly, grabbed the mobile phone on the table, and heard the excited voice on the opposite side after connecting.
"4.7 billion! Boss, in three days, we made $ 4.7 billion from Bear Stearns!"
"Yes! Good job! I want to celebrate you! Great celebration! Fxxk! Tell everyone that your yacht is down!"
Andy flushed with excitement, fiercely punched in the air, sent Xie's excitement and excitement, robbing the bank did not have such a speed of making money, cough, well, Bear Stearns is also a sense bank.
"Talking about the process, **** it, I really want to return to New York now ..."
"The process is like this ..."
Andy went to the bar and poured himself a glass of whiskey. He took out two ice cubes from the refrigerator and threw them into the glass. While listening to Al's narration, he shook the glass.
"Mum!"
Andy drank all the whiskeys in the glass. Do n’t let it go. The excitement on his face still didn't dissipate, but he said a little unwillingly: “That said, Bear Stearns had 17 billion US dollars in cash reserves in three days , And we just took 4.7 billion of them? Damn, it's a bit uncomfortable! "
"Ahem ..."
When Andy heard the light cough of Rial, he laughed at himself and said, "Well, I'm a little greedy, so are we going to join the team that divides Bear Stearns' quality assets?"
"Sorry boss, I'm afraid we're going to lose this opportunity!"
"What happened?" Andy frowned, pouring himself a glass of wine.
"Standard & Poor's downgraded Bear Stearns' long-term credit rating to bbb and said that further downgrades are likely based on the company's lack of liquidity. Moody's also downgraded Bear Stearns, which currently has three ratings higher than junk stocks grade.
Bear Stearns is likely to be sold within 28 days of obtaining this emergency loan. Paulson has already flown to New York. He has already been to mg chase. At present, we have received information through the information channel that mg chase has expressed interest. To buy Bear Stearns ... "
"Shett!" Andy drank his whiskey, slammed the glass on the bar, and cursed, "Invite to buy?"
"MG Chase's first acquisition price may be only $ 2 per share, a total price of $ 2.4 billion ..."
"Fxxk! That's not even a quarter of the price of Bear Stearns Manhattan office building!"
Andy's face was all gassed, the excitement of earning 4.7 billion US dollars was completely dissipated, and his teeth were cursed, he knew that this time it might be mg chase.
"This price will definitely not be the final price, and Bear Stearns's board will never agree. We estimate that the acquisition will be completed at $ 10-15 per share.
Either it was acquired or it went bankrupt. At such an urgent moment, the price of Bear Stearns' acquisition was naturally somewhat irrational.
This price also illustrates the additional risks that mg chase has to take. They must reserve a certain margin of error for themselves, so that even if they are wrong, they will not put the company at risk and be dragged into the water! "
"call"
Andy said uneasily, "What can we do?"
"We can't do anything. Bear Stearns' asset volume has reached 500 billion US dollars. Although we have good strength, even if we dare to take Bear Stearns, we cannot bring enough confidence to the market and we cannot save Bear Stearns. Deng, instead we will be buried in a huge pit.
The most important foundation supporting the modern financial system is not the physical assets in the physical world, but people's confidence in the system itself and the credit of participants in this system in the eyes of other participants. Once confidence is shaken, once the credit is no longer, the tallest building will collapse in an instant, even faster than the World Trade Center in 911 ... "
"Ah, yeah, any financial institution, once there is a credit crisis, it will spread like a plague. And it is us who opened the Pandora's box, **** it, mg chase!"
Andy grunted helplessly, "How much cash flow can we use now?"
"Gold futures have all been sold off. Currently, the total funds in London are 5.3 billion pounds, and the funds in New York have reached 15.2 billion dollars."
Andy tapped the bar counter with his fingers as if flying, contemplating, although the cash has reached more than 26 billion U.S. dollars, but for the next plan, it is just enough, but it really needs to be like M.D. Massive financial companies rush to eat, to be honest, they really can't rob them.
Looking at the current situation, his people launched a war. Although they also made a lot of money, it was mg chase that really wrapped all the war dividends.
"Forget it, since this is already the case, we bear in mind that the commercial bank of Bear Stearns is hopeless. Have you chosen your next goal?"
"Once selected, the layout is almost completed. The next one is Merrill Lynch!"
"When does it start?"
"Mid-April."
"Well, I was almost going back to New York at that time. By the way, although it was cheaper, I could n’t let him go so smoothly, let the news out and let his opponents join the competition. Panic Wall Street feel our success! "
Andy is now going to be disgusted with Bear Stearns and Wall Street dad Paulson, and let all the Wall Street giants who are in the same trouble as Bear Stearns keep their throats awake, reminding them that in the same street, one is more Greedy, more bloodthirsty sharks roam, always ready to eat their meat!
And as Andy hopes, with Bear Stearns in crisis, panic investors are starting to look at other big Wall Street companies: Who will be the second Bear Stearns?