American Fortune Life

Friday, September 12, 2008.

Lehman's stock price plummeted to $ 4.22 again! Fuld has also been asked to resign from the Board of Governors of New York! This way, the Fed can be cleaner!

At this time, Paulson and Geithner still clearly stated that the government will never save the city!

After taking over the two houses, neither Congress nor the White House did not want to face moral hazard, that is, let innocent Nashui people bear the consequences for greedy humanity and failed business models, and also potentially encouraged the creation of huge risks to earn Derivatives with huge returns.

Because if the bet is lost, the government will come out and collect it. In the beginning, in order to avoid this situation, the government decided to pour a cold water on Wall Street, so that the big brothers would wake up and let them realize that the government would choose to let them survive.

It was a very, very stressful weekend!

The New York Federal Reserve Building, 33 Liberty Street in Manhattan's financial district, is a 12-story Italian-style building that occupies a whole block east of Wall Street. Underground vaults store $ 60 billion in gold!

Lehman's fate is sent to this building!

Geithner and Paulson summoned all major Wall Street banks ceo at 6pm!

The meeting originally scheduled to start at 18:00 was delayed until nearly 19:00. Paulson and a few assistants came to the New York Fed's temporary headquarters on the 13th floor to camp. Bankers, lawyers, accountants and analysts were everywhere in the building at this time.

These bankers include Wall Street's most prestigious ceos, such as Jamie Dimon of mg Chase, John Mack of Stanley, Goldman Sachs' Lloyd, Citigroup's Wikram, Merrill Lynch's John Thien, and Credit Suisse The bank's Brady, Robert of New York Mellon Bank and big names such as Andy Smith, Warren Buffett.

Of course, this does not include Leoman Brothers's Ceo Fuld. Paulson believes that he has refused to accept reality and has been isolated and has no right to ask about it.

Those bankers also didn't include those at Bank of America and Barclays, as they have been selected by the US Treasury Department as two potential buyers for Lehman Brothers.

Sitting in the brightly lit and spacious conference room, Andy watched this group of old guys. They were full of sneer and sneer at the injustice of Bank of America and Barclays who were absent from Paulson as potential buyers. Without funding, these two potential buyers would not have bought Lehman Brothers.

"Don't count on government funding. The protagonist of the problem is you." Paulson looked cold and blocked the fluke in everyone's hearts at the beginning, telling a group of Wall Street bankers.

The sitting crowd will be divided into three groups, one is responsible for researching ways to minimize the joint impact in the case of Lehman's bankruptcy; the other is to study how the financial industry should buy the entire Lehman, with a view to the future Gradually winding it up; another set of studies on how to fund the purchase of assets that buyers don't want ... "

Wow

There was an uproar in the conference room. The big brothers looked a little ugly. The Wall Street ceos whispered and talked, and even there was a scene of quarreling and accusation. Andy's mouth slightly tilted, and a lazy look leaned on the boss chair and his fingers. Rotating a pen quickly, watching the farce in front of me.

"Bang, bang!"

Paulson slaps his face three times with a strong face and raises the tone. He said coldly: "This incident is related to our capital market and the whole country. We will remember people who do not do their best!"

The smile on Andy's face did not dissipate. Although he was sneer in his heart, he had to pay attention to the threat of some crazy Madison Paulson. After all, if he wanted to take part in this feast of Lehman, he must be obedient, otherwise, There will never be any benefit.

Anyway, he is working for himself, not for himself. The only thing he needs to do is to stay here and be with his men.

Andy and the people brought in were grouped into a group headed by Goldman Sachs. After all, this greedy little guy was also very unseen. You know, he is still crazy short Citi, Merrill Lynch, whether it is Both Stanley and Credit Suisse Bank were brought to life by him, and everyone's attitude towards him was naturally not better.

Regarding the thickness of the skin, Andy is no worse than the old guys here. The handsome young face shows a sunny and charming smile, and he doesn't care about the embarrassment of being constantly stared at by the gloomy eyes.

Ending the meeting and walking to the temporary studio next door, Warren, an old hooligan, teased with bad intentions: "Andy, everyone is not very friendly to you ..."

Andy smiled faintly at the eyes under Warren's black-rimmed glasses, and raised an eyebrow and smiled, "I'm not targeting anyone, it's all rubbish."

"Ahem ..." Warren's old face flushed slightly, pressing down his smile, hurriedly covering up with a cough, and shook his head helplessly: "You little fellow, really a poisonous snake."

Andy sneered, and didn't care about being heard, and said, "Did I make a mistake, to be honest, I've almost vomited all the money I've made recently, alas ..."

Several people passing by heard Andy's rumors, and twitched at the corners of his mouth, speeding up his pace, but Citibank's Vikram stopped smirking and walked side by side with Andy and Warren.

"Andy, let's spit it out. How about investing in Citi?"

Warren Buffett's eyes flickered, and he couldn't help but look at Andy with a smile, and Andy looked at Wicklam with a smile and said, "Don't you get in touch with the desert tyrants? Alas, the guys are waving their banknotes. Buy and buy everywhere. "

Wickram shook his head and grinned, "No one would think that there was more cash in this period. So, are you interested?"

Andy glanced at Warren and smiled at Wickram again: "Yes! Of course, hehe, but ... not now, your stock price is still too high, wait ..."

Vikram's face was ugly, and the corners of his mouth twitched a few times. After seeing Andy smiling and nodding, he led a large group of people and walked to the studio on the side without cursing in a low voice because Warren was not around: "This bastard!"

"Oh ..." The old Warren Buffett chuckled while he was watching, and saw Wickram look at himself, and shook his head and smirked: "Don't look at me, he's right, it's really not the time ... "

Vikram's face was iron-blue, his forehead was blue and his teeth gritted and he looked at Warren's back, but he uttered helplessly: "All vampires who should go to hell!"

In the temporary studio converted into a small banquet hall, Andy sat on the sofa leisurely, resting his feet on the coffee table, playing the game with the iphone in his hand, and was not interested in the busy and busy work scene.

"Boss, coffee." With a professional ol costume, Xing felt a little assistant with a strong professional youhuo put the hot aromatic coffee on the small square table beside Andy, said softly.

Andy nodded slightly without raising his head, and then said, "Go and get me something to eat. I'm a bit hungry."

"Are you nuts? I brought you some ..."

When the little assistant took a bag of nuts out of his handbag, Lloyds of Goldman Sachs came over and sat on the du Li sofa next to Andy with a smile on his face and laughed: "Andy, you're on this What's your opinion on Sub Lehman's true value accounting? "

Pausing the game, Andy took off the phone, put away his legs, took a sip of coffee, looked at the other with a smile and asked: "Is my opinion useful? Or straightforward, we just calculate the real value and have What use, will you Goldman Sachs eat Lehman? "

Lloyd shook his head with a chuckle and shrugged.

Andy raised an eyebrow and laughed: "So, just use any blue subtraction accounting form to get a general asset value. You know, it is more interesting to buy Lehman than it is to do it more carefully. And carefully. "

Lloyd nodded solemnly, and agreed with Andy's opinion. This time, Wall Street obediently obeyed the convening of the Treasury and the Federal Reserve because of the situation and political pressure.

There is no way, without the support of Washington, the financial crisis may cause Wall Street to collapse, and no one dares to face Washington at this time. On a large level, the economy is a game that everyone plays according to certain rules of the game And politics is a game of making rules. When economic games can't be played, it must be politics that finally comes out to clean up the situation.

"In order to alleviate the market sentiment and pessimism of the financial crisis, this time the White House is really anxious."

When Andy heard the other person ’s words, he just smiled slightly, but his heart was a sneer. He would not believe anything from Goldman Sachs. We must know that although Goldman Sachs also faces the problem of liquidity, Goldman Sachs is definitely the biggest benefit of the financial crisis. Fang, and this time, there are indeed external factors that are exerting pressure on Wall Street. One fact that everyone knows is that President Jebby ’s younger brother Jebber served as a private equity investment consultant and cousin George Wall at Lehman. Ke is a member of the Lehman Executive Committee!