American Fortune Life
Chapter 1220: Get the most benefit with the least money
As the Federal Reserve unexpectedly decided to keep interest rates unchanged, Wall Street stocks rose and oil prices fell, and the dollar ’s exchange rate against the major currencies rose in New York on the following day.
At around 10.30 am, Andy led the dozen or so think tank members of the Alvitre team that came over this morning through the rotunda of the Capitol building. The texture was heavy, and it was embossed with the relief of Columbus's discovery of the New World. Three copper "Columbus doors" emerged from the magnificent cylindrical porch, and were immediately enclosed by reporters squatting in the Capitol.
Andy's reason for leaving New York was not because he talked about it, but because he did receive an invitation from Niu Niu, but he could have refused. After all, he didn't want to fight like the face of McCain. Of course, now Appeared in the Capitol for the same reason Gaia provided consulting services to the Ministry of Finance.
"To a certain extent, we are still in the process of entering the storm, not out of the storm ...
Although the government's rescue of the city will face "moral hazard", in the end you will have to do everything to save the financial system ...
Lehman ... Heh, some Britons will regret their ridiculous careful thinking. The financial market shock is far from over, and the UK may become the "most injured" economy on the Wall Street financial earthquake except the United States in the recent period.
The financial industry is an important part of the British economy and will also make it particularly vulnerable in this financial turmoil. Britain was hit harder by this financial crisis than most other countries ... "
In the face of major media in various countries around the world, Andy also ignored the past and selectively answered some questions. After all, now is the perfect time to open up the existence and influence of time, how can he possibly Let this opportunity go.
This is much more effective than his shouting on the Internet for thousands of times. Social status and influence need to be managed in a timely manner. No one can respond to it as soon as he comes up. This is also to pave the way for him to brush up the hero value in advance.
You must be low-key when making money, but you must be high-key when you spend money on big things. This is what a nieguy should implement!
Andy, who was sitting in the car, leaned forward, adjusted his suit, and leaned lazily on the car seat. He smiled and looked at the reporters who were yelling outside the window, and turned Head smiled at Al next to him: "What is the attitude of Barclays?"
"It's urgent, Robert Diamond, President of Barclays Bank will fly to Washington this afternoon, hoping to meet with the boss in person to discuss the transaction details ..."
"Huh?" Andy frowned slightly, then unhappyly guessed, "Willn't they run out of money?"
"The boss guessed right. They do have some funding constraints at the moment, but they are expected to raise funds by selling shares to support the sale." Al replied.
"Ha ~ kill two birds with one stone, this group of Brits are really budget-conscious, and there is a reason to avoid the doubt and condemnation of selling stocks. Maybe this group of guys will also want to use their stocks in exchange for the investment banks and related businesses we want to sell. I do n’t need anything except cash. However, at that time, I can buy Barclays Bank stocks and make a fortune. In this way, let our people prepare ahead of time in the UK. "
"Understanding the boss, this transaction is a golden opportunity for Barclays. They have always hoped to expand the banking business to the United States and create a world that can directly compete with the American financial giants Citibank, mg Chase and Bank of America. However, even with the acquisition of this part of our assets, Barclays cannot become a world-class bank overnight, even if Lehman Brothers was quite prestigious in the United States, it was still unable to compete with Merrill Lynch or mg Stanley. compared to."
After hearing Al's analysis and explanation, Andy nodded slightly. This part of the investment banking business, he didn't want to be entangled. He originally wanted to let his Yingtai Bank absorb it, but in this way, although he could make money, but Regarding Yingtai Bank's positioning of traditional banks in his mind, he was very clear that this financial turmoil hit these investment commercial banks, even if mg Stanley had honestly returned to traditional banks and put its investment business in Divided out.
Since it is useless to stay in his own hands, it would be better to be a second-hand trafficker and sell it to make more money. He might as well feed thousands of people to eat. He is not so big.
"Citi, what's going on with Goldman Sachs?" Andy asked with a slight lift on the corner of his mouth, thinking of the goal that he could continue to make money short.
"Citi is business as usual, they are very afraid of the Treasury and the Federal Reserve to intervene, so they have been deadlocked, the stock price has been falling all the way, as for Goldman Sachs, the stock price of Goldman Sachs has continued to fall, from more than 130 dollars, more than 100 dollars, to now For under $ 90.
According to information we have received from within the Federal Reserve, Goldman Sachs wants to change its legal status from an investment bank to a bank holding company. By doing so, it will make Goldman's regulator from the Securities and Exchange Commission to the Federal Reserve. Goldman Sachs believes that as long as the Fed announces that it will oversee their activities, it can reduce the risk of short-term capital runs. "
"Huh! This group of guys really has a lot of tricks, and it really is someone who is good at it, but I want to see how much he can do for Goldman Sachs without moral immunity!"
Andy snorted. He was very clear about the plans of this group of guys. Changing the court, he could receive direct blood transfusion assistance from the Treasury and the Federal Reserve without worries, which is really a good plan for him.
"By the way, let the data and data group put together all of our transaction information and evidence this time. After the financial crisis, we may not be able to stand alone. The investigation committee established at that time will definitely question us. After all, we are not many Gaining power. "
"At this point, you can rest assured that the lawyers team has been involved throughout the process. In order to cope with possible difficulties for the British, our lawyers team in the UK has added new international law experts to prepare the boss's follow-up plan in Europe."
Al said calmly. For these aspects, his chief think tank naturally wanted to think of his boss in front of him. If everything had to be accounted for by the boss, then he could just roll over.
In a high-end restaurant, Andy took Al and the think tank members to enjoy a delicious lunch. They talked and laughed, the atmosphere was relaxed, and there were no worries of other financial people.
Outside the floor-to-ceiling window of the restaurant are a bunch of reporters holding cameras to record these pictures, adding some good materials for tomorrow's report.
"Sorry, boss, I'll take a call first." Al put down the knife and fork in his hand, took the mobile phone out of his pocket, looked at it, and said apologetically to Andy, and then nodded, and stood up, He walked aside as he followed the call.
After three or four minutes, Al came back with the phone, and after sitting down, leaned forward slightly and lowered his voice to report to Andy Hui: "The call was from GM Stanley, the largest savings bank in the United States, Washington Mutual Bank They are actively looking for buyers to avoid the risk of bankruptcy. They ask the boss if you are interested? "
"Do we know the mutual bank?" Andy lowered his knife and fork, took a napkin and wiped his lower lip, then took a red wine glass and took a sip, and frowned slightly.
While Andy looked around the table think tank, a man who was still chewing food raised his hand, watched him quickly pick up a glass of mineral water and took a sip, wiped his mouth with a napkin, and began to say.
"The bank suffered a loss of $ 6.3 billion in the last quarter. Based on the analysis of limited data, we expect that the write-down of subprime-related assets this quarter will reach $ 4.5 billion. The bank expects total subprime-related losses to reach 190 by 011. One hundred million U.S. dollars.
Their share price has fallen by 94% in a year. Rating agencies such as Moody's and Standard & Poor's have downgraded the bank's debt rating to "junk" this week.
Their balance sheet is very opaque and clear. They have always refused to disclose the losses related to subprime mortgages. According to our analysis, their losses may be beyond imagination, so they have been trying to cover up the real data and we have been included in the ranks of toxic bankruptcy. "
After listening to the introduction, Andy gave the other side an admiring look, then shouted at Al. "We want to get the maximum benefit with the least money, so wait until it goes bankrupt!"
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