America's Road to Fame

Chapter 165 Who is the Unlucky One?
At that time, William Chen reached a settlement with Goldman Sachs, allowing Goldman Sachs to repurchase CDS bonds with a total premium of US$6 billion at a price of US$10 million, and received a low-interest loan of US$10 billion from Goldman Sachs.

The total of 16 billion US dollars of funds, mainly short four subprime mortgage-related investment bank stocks, namely Merrill Lynch, Citigroup, Bear Stearns and Lehman Brothers.

In addition, in Fund No. 2 and Fund No. 3, there are also many short-selling contracts of these stocks, but the range of short-selling stocks of these two funds is wider, not limited to financial stocks.

At present, Bear Stearns' short positions have been closed, and the remaining stocks have different declines, generally falling by more than 80%, and some like Bear Stearns have fallen by more than 90%.

The current situation is that apart from Bear Stearns, which has been confirmed to be acquired, the other three investment banks are also the major investment banks that have been most affected by the subprime mortgage crisis.

Merrill Lynch was also reported to be losing money early on and is now struggling, and Lehman Brothers is no better, if not worse.

Therefore, Chen William is not in a hurry to close the short positions of the stocks of these three investment banks.

Compared with these, William Chen is more concerned about the affairs of Building 666.

According to Alicia and Uncle Tom's questioning of some of the accounts in the Kushnar Group's special account for the transformation of Building 666 Asset Management Company, Garrett explained that a total of nearly 1 million US dollars was not paid according to the scheduled plan, Instead, it was paid in advance to the builder responsible for the renovation project.

These construction parties are inextricably linked with the Kushnar Group, so they have reason to believe that the Kushnar Group is using this method to transfer part of the funds in the special account.

According to the contract signed between the No. 666 Building Asset Management Company and these construction parties at that time, the renovation project will be paid in three installments. When the project starts, 30% will be paid as the first installment advance payment. Pay 30% of the payment, and the final 40% will be settled after the completion of the inspection and acceptance.

At present, the renovation project of No. 666 building has been carried out for about three months, which is less than half of the expected renovation time of 10 months. Therefore, all construction parties should only get 30% of the total project cost of US$30 billion. That's $9 million.

However, in the previous audit by Deloitte, it was found that in the special account of the No. 666 building asset management company, 10 billion US dollars had already been paid, and the extra 1 million US dollars had all flowed to the construction party and Kushnar Group. The three families who are inextricably linked.

At the beginning, the construction parties of the project had obtained construction qualifications through bidding. Of course, as the controlling party of the building and Kushnar Group, which has been operating in the real estate industry for a long time, it is normal for their affiliated construction companies to enter it.But with William Chen's supervision, they couldn't do too much, so their construction party accounted for about one-third of all renovation projects.

Although Garrett's explanation for the overpayment of 1 million US dollars was due to the impact of the subprime mortgage crisis, those construction parties had financial difficulties. In order to ensure that the project was carried out on time, part of the funds were allocated in advance to alleviate their financial difficulties.

However, it is obvious that they only allocated the construction funds related to them in advance, so it is very likely that in this way, the funds were transferred back to the Kushnar Group to cope with the financial difficulties caused by the crisis at this time.

Moreover, William Chen suspects that this method is just their initial temptation. If it is not discovered, then it will intensify later. It is estimated that the life of the Kushnar Group will not be easy at this time, and they will put their ideas on the account of the asset management company of No. With more than $666 billion in cash, that's no longer normal.

Of course, William Chen definitely couldn't give them this chance, so he decisively asked the Kushnar Group to recover the overpaid 1 million US dollars, and to standardize the financial system so that this situation cannot happen again.

Even if Garrett called him personally and said a lot of good things, I hope William Chen will let this go, so that such a thing will not happen again next time.William Chen also did not show any sympathy at all, and they had no sympathy before. He said that the overpayment of 1 million US dollars must be recovered within a time limit, and financial supervision will be strengthened in the future. Before the construction is halfway through, No further overpayments will be permitted.

As for how Garrett will use to make up the 1 million US dollars, that is not what he cares about. I believe the other party will not dare to play tricks anymore. Given the group's current not-so-good situation, it will undoubtedly make matters worse.

But it's hard to say, if he really encounters a big crisis, maybe he will take reckless risks. It seems that the supervision of this account cannot be relaxed.

It's just that William Chen still has one more thing to consider, that is, there is an item in his inventory that has been reserved for this purpose——

[Black Swan Scroll (Elementary)] This is a scroll that can fulfill a certain wish. Write the goal on the scroll, and a black swan will be released, which will affect the occurrence of certain events and lead unexpected factors to your goal.Level: Elementary, less affected by unexpected factors, need to cooperate with the general trend to complete the goal.

Originally, William Chen planned to use this scroll to help him buy back the building if things changed in Building 666.But now the situation is different from before, that is, its own assets have reached a higher level after the subprime mortgage crisis.

So seriously, use such a rare scroll in order to save hundreds of millions of dollars on the buyback of Building 666?Yes, even if the building is repurchased at this time, that is, the shares of the No. 666 Building Asset Management Company held by the Kushnar Group, after calculation, William Chen will pay about [-] million U.S. dollars less than before. This price is considered a conscience price .

If you use the [Black Swan Scroll], you can lower the price by at most one or two hundred million dollars.Unless he waits until the renovation of the building is completed, the loan of 20 billion US dollars will be converted into company shares by the Kushnar Group, but at that time more than half a year later, maybe things will change again.

And now William Chen also needs the [Black Swan Scroll] for other things, such as the acquisition of [-]th Century Fox from Murdoch, this scroll can also play a more important role.

So what he has been thinking about now is where to use this scroll?
Who is more suitable to be the unlucky guy, Garrett or Murdoch?

Hey, it's really confusing.

If you only look at the final profit and the importance of your overall layout, [-]th Century Fox is undoubtedly more important. After all, this company is not necessarily sold by Murdoch. It still depends on luck, and using [Black Swan Scroll] can undoubtedly increase this possibility.

As for the No. 666 building, after investigation, the Kushnar Group is indeed in financial difficulties. If you raise the price a little bit, the other party will most likely be willing to sell the shares to you. After all, from now on, in the next year In February, it is almost impossible for the Kushnar Group to take out another 10 billion US dollars as the second payment of the 20 billion loan in the agreement.

And if they can't come up with the money at that time, according to the agreement signed at the beginning, William Chen can use the market price to repurchase the shares of the No. 666 Building Asset Management Company held by the Kushnar Group.

Unless that Marianne Bentley really supported Garrad so much that she could persuade the Bentley family to contribute the money.

Chen William thought of this, and sighed, let's take a look first, give a price with a conscience, whether the other party will let go of selling the shares of No. 666 Building Asset Management Company, if Garrett refuses, then it can only explain his With the support of the Bentley family, then he can only be chosen as this unlucky guy and use [Black Swan Scroll] on him.

Garrett, I tried my best, if you still choose to resist, you can only be an unlucky person.In other words, you don't want my [Rogue Ring] from South Korea to be used on you again, otherwise you may not even be able to keep 80% of the men.

Thinking of this, William Chen seemed to have seen that scene——

Under the setting sun, Garrad ran to his heart's content on the endless prairie...

That's our lost youth, uh no, it's a play.

(End of this chapter)