Back to 1995

Sitting in the car, Chris Jain looked at the people gathered at the entrance of the San Jose manor, many of whom were his acquaintances in the banking industry, at the moment they were like ants on a hot pot, walking back and forth at the gate of the manor, calling from time to time. A phone call, but the Blackwater security guards outside the gate of the manor, as well as the security personnel inside who are fully armed and ready to go at any time, do not give these people the slightest chance to break in.

When the security personnel guided Jain's vehicle in, many people gathered outside the door recognized Jain and rushed over immediately.

"Jain, this is Mike, we had dinner together in New York, do you want to meet with Director Bruno, for the Tennessee Trust Bank, make an appointment with Director Bruno..."

The president of the Tennessee Trust Bank standing outside the car humbly held a business card and tried to stuff it into the car window, which made Jain sigh. He still remembered that just over a year ago, he participated in the At a federal banking conference, I saw the man in front of me. At that time, the other party was in high spirits and talking at the meeting. Who would have thought that he would look like this now.

However, Jain didn't mean to save him. This is not a matter of one word, but tens of billions of dollars in real money to save him. Now the Comelica Bank cannot protect itself, let alone Don't mention saving other companies.

State banks such as Comerica and Tennessee Trust Bank are the worst now. The commander-in-chief and Capitol Hill don't care about saving them. If the state where they are located has no money, they will die!

Although America is an empire, not all places in this empire are as wealthy as New York State and California State. One state has a higher annual income than most overseas countries, and there is Texas. Clinking poor, where there is surplus food to save the state bank.

Different from the scene outside the manor, the atmosphere inside the manor was still holding a small party. When Jain passed by, he saw Deutsche Bank Investment Bank President Edison and others were there, and they were all holding champagne and laughing at this time, as if Not at all affected by the subprime crisis.

"Jain!"

Seeing Chris Jain, Song Yang got up and shook hands with Jain, then brought him into the party, and said to Edison and the others, "Jain is an expert in the banking industry, he is very good at banking. Banking matters, but it couldn't be more clear!"

Edison glanced at Jain. He had also heard about the relationship between Jain and Song Yang. Song Yang's first loan back then was operated by Chris Jain. After that, the two sides got very close. Inside the Comerica Bank, it is also recognized as a twenty-five boy.

As early as many years ago, Song Yang had been supporting Chris Jain to climb up, but this time it can only be regarded as the right time, place and people to get together. In fact, the impact of subprime mortgages on the Comelica Bank is not so huge. You must sell yourself to save yourself or something, but there are two or five sons of Jain, and they will directly start operations. Selling Comerica Bank to a bank under PayPal can only be said to be a matter of course this time.

"A year ago, the Royal Bank of Scotland spent 1000 billion dollars to acquire ABN AMRO. Now, with just a few more billions of dollars, Bear Stearns, Lehman Brothers, Citigroup, Merrill Lynch, Barclays, Wall Street Financial Corporation and Davis Bank packaged the acquisitions, and the remaining money might be able to purchase General Motors, Ford, Chrysler, and Honda F1 teams by the way..."

Edison used jokes to say what seemed to be a joke, but it was based on the real situation of Wall Street and the overseas banking industry. Of course, the money can indeed buy these companies, but after that, he will have to bear the debts of these companies. , more than it cost to buy these companies!
Now the market value of these companies is almost evaporated. For example, the market value of Barclays Bank is only 127 billion US dollars, but the debt it bears is higher than the market value. This is the reason why people avoid snakes and scorpions. Buy back a big pit.

Chris Jain's heart trembled when he heard these words, he knew that Addison was definitely not a person who liked to joke.

"Song, Bear Stearns and Lehman Brothers are about to declare bankruptcy. For Deutsche Bank Investment Bank and the Bruno family, the best opportunity is coming soon!"

Edison said to Song Yang with burning eyes, before the subprime mortgage crisis broke out, he urgently returned a large sum of dollars. Although he did not take this opportunity to short America's stock market, bonds, futures, real estate, etc., Ai Dichen is not a good stubble either.

Not shorting in America doesn’t mean he won’t be shorting old Europe, North America, Asia and other places. Deutsche Bank’s investment bank is going crazy overseas this time. The old Europe that has been cut by leeks can’t sit still, making European trade, European finance and other institutions directly began to warn Deutsche Bank's investment banking headquarters, Deutsche Bank, and asked the Frankfurt lords of Deutsche Bank's headquarters to restrain Edison.

"The Bruno family is willing to stand with Deutsche Bank Investment Bank!" Song Yang raised his glass to Edison, and there was no sound of wine glasses colliding at the party.

This time, Song Yang will let the Bruno Family Foundation, PayPal and Deutsche Bank Investment Bank join forces to cut leeks, and will acquire several large Wall Street institutions, as well as a number of overseas banks. After this time, the Bruno family will officially focus on PayPal, Set up businesses including banking, investment banking, securities, payment platforms, etc., and build the Bruno family's own consortium!
As for companies such as Alcatel Group, ICQ, Double Click, Fortinet, PA Semiconductor, and Siebel Automotive, they will also take the opportunity to have a full meal and eat all the companies that have been booked in advance. This kind of gluttonous feast, more than ten It may not be possible to meet once a year. Of course, before that, Song Yang needs to buy the equity that he cashed out before, and then buy it back at the price of cabbage!

Chris Jain on the side, listening to Song Yang and Edison, decided the fate of those giant companies in a few words, and the leeks in it, of course, included the Comelica Bank where he worked. Things are impermanent.

After Song Yang reached an agreement with Edison, the team led by Greg and Marcus began to cooperate with Edison's team to make a plan where to start the operation first.

Now, no matter whether it is America, old Europe, or overseas regions, they will not oppose the acquisition of local giant companies. In the past, there were rules and regulations to restrict acquisitions. Now I can’t wait for someone to take over and clean up the mess. In the past, Northrock Bank would never let outsiders get their hands on it, but now both of them are on the verge of bankruptcy. It is better to be bought at the price of cabbage than to go bankrupt and leave a chicken feather!

"Jain, the Bruno Family Foundation has joined hands with PayPal to complete the acquisition of Comerica Bank at a price of 84 billion US dollars. You can tell the board of directors of Comerica that PayPal's offer is only this time!"

Song Yang looked at Jia En and said, they are all old acquaintances, and Song Yang didn't bother to go around with Jia En anymore, "When the acquisition is completed, Comelica Bank will be merged into PayPal's banking department, and you will Become the vice president of PayPal, and you will be in charge of the original business of Comelica Bank!"

Last year, the acquisition of Comerica Bank for US$85 billion would probably be regarded as a joke by the board of directors of Comerica Bank, but now, hearing this, Chris Jain is thinking seriously.

It is true that he is a [-]-year-old boy, but if he wants to sell the Comerica Bank, it must be approved by the Comerica Board of Directors.

"What about the debt of the Bank of Comerica?!" Chris Jain asked Song Yang again.

"The Bruno Family Foundation and PayPal will assume half of the Comerica Bank's debt."

Knowing what Jain wanted to say, Song Yang said directly, "Jain, Bank of Comerica is no longer the only option for PayPal. With the same dollar, PayPal is enough to acquire other top banks, and the Federal Finance, Germany The municipalities of Texas will not save the Bank of Comerica!"

If you want to do something now, Song Yang may not be able to accomplish it, but if you make a stumbling block, then Song Yang can easily catch it. Now it is still the world of cowboys and elephants. It is not too simple to let Washington abandon a bank. It's not easy to save, isn't it easy to throw it away? !
As for the state of Texas, Adrian originally intended to participate in the general election, but tried it out. After doing a survey, he found that the support rate of the target party in the federal states is not high, and the entire Elephant Party has little chance of winning. After that, he resolutely gave up this opportunity and continued to live in Texas as his own emperor.

As long as Adrian is still in Texas, Song Yang's support is far from comparable to that of Comerica Bank.

Without the support of the federal finances and the state capital of Texas, as long as public opinion is mobilized, the Comerica Bank is basically doomed.

Listening to Song Yang's words, Chris Jain already understood Song Yang's meaning. Song Yang gave an ultimatum to the Board of Directors of the Bank of Comelica, either selling himself or digging a hole to jump in. The bank would be ruined if it could not be obtained, but this is the rule of the game in America. Song Yang's eating habits have been quite restrained, and soon, Chris Jain knew what it means to eat ugly.

"I'll pass it on to the Board of Comerica Bank..."

Before the words were finished, there was a commotion at the party, and then Jain heard the news that Bear Stearns had avoided bankruptcy and was acquired by Morgan at a price of two dollars per share, and the purchase price was only 600 million Thirty-six million dollars!

"Funk, those people are too ugly to eat!"

Edison, who was discussing how to cut leeks, heard the news that Morgan had acquired Bear Stearns at a price of more than 2 million U.S. dollars. The cruel Edison, seeing this wave of operations, couldn't help scolding Those people look so ugly.

Chris Jain was also completely stunned. Bear Stearns Investment Bank has a lot of bad debts, and it is true that it owes a lot of debts, but it is one of the top investment banks in America, and there are as many as 2000 billion US dollars on the books The above-mentioned industries were bought by [-] million US dollars in this way, so I don't want this face.

What surprised Edison, Marcus, and Greck was still to come. Morgan bought Bear Stearns at a low price. In name, it was natural to help Bear Stearns clean up the mess and pay off those debts. With the Federal Reserve System, they lent Morgan 280 billion dollars to repay Bear Stearns' debts. This is almost equivalent to giving Bear Stearns to whoring for nothing. Edison saw this wave of empty gloves and white wolves called out Good guy!
But this wave of operations not only opened the eyes of Edison and others, but also learned the essence. Why can Song Yang and Edison not do it when other people can prostitute and cut leeks for nothing? !