American Fortune Life

"Coach, sorry, I need to take a call ..."

In the VIP lounge of the Los Angeles International Airport, Andy said helplessly to the old coach, Alexei, who looked helpless.

"Andy, we're about to board ..."

"I know, but there's nothing I can do. It's a phone call from Treasury Secretary Paulson ..."

Arik Xie twitched his lips, reached out and waved, and watched Andy walking to the bathroom with the phone. The bodyguards behind him couldn't stay away and smiled helplessly.

"Hello, Your Excellency."

"Andy, I don't have time to talk to you. I hope you can stop suppressing Bear Stearns. You will make the panic spread further on Wall Street!"

Andy heard Paulson on the phone with his indignant words, put aside his mouth, and snorted: "Sorry, Mr. Minister, what's the matter? I know you have been preparing for the Olympic trials recently, you Look, I'm going to board the plane soon ... Look at my mind, and forget the name of that country. The amount of exercise has been a bit heavy recently. As for the panic you said, Mr. Minister can't say anything ...... "

"Say, what do you want! As long as it's not excessive, I can promise you!"

Andy heard Paulson's showdown directly, and he perverted his perfunctory words, but he was not a kid, and the promise that came from his mouth could not be exchanged for his guarantee.

"Mr. Minister, I really don't understand what you mean. I haven't followed Wall Street recently. Otherwise, I called and asked my people, what are they doing?"

"... Andy, no matter what you think, I hope you can take care of the overall situation. Bear Stearns cannot fall, at least not now. I have contacted mg Chase. They will act as intermediaries and cooperate with the Federal Reserve. Make a capital injection ... "

"Haha ... Mr. Minister, inject capital? Well, even if I don't know what is happening now, but don't fool me, Bear Stearns is not saved. You now tell me that mg Chase will inject capital, only a fool will believe it Short-term loans? Oh, Bear Stearns's current stock price ... "

"... $ 0, it has fallen by 47% ..."

"Haha ... cough, sorry, sorry, oh, listen, the airport has notified us to board the plane, ah? The coach waited a moment, I'll be right away, Mr. Minister, sorry, I'm going to board the plane, so I I'll get to know the specific situation in a while. I'm sorry to call you back after that country. I'm sorry. After all, it's the Olympic selection. This is a major event. I can call you after getting off the plane ... "

d The Treasury building on the east side of the White House.

"..."

Paulson's face was dark and clinging to the phone tightly in his hand, listening to the busy tone from the inside, and finally wry a smile, slowly put the phone back in place, shook his head and smiled at a group of staff across the desk.

"He refused. He was on board ..."

A group of staff and staff in the Treasury's office also sighed with a solemn expression.

"As expected, he will not stop at this point in time. He snatched $ 1.5 billion from gold futures, of which 0 billion was used to repay bank loans for the purchase of Bloomberg shares, and the remaining 10 billion was used for all In a short Bear Stearns hedge fund.

They have already begun layout long ago, and on Monday, the US stock market began to spread that Bear Stearns might have a liquidity crisis. The news panicked the market and investors dumped financial stocks.

That day Bear Stearns had to issue an announcement refuting the rumor. EO Schwartz specifically interviewed NB in ​​an attempt to calm any speculation about Bear Stearns.

But the Securities and Exchange Commission also clarified for Bear Stearns on Tuesday, saying it "is confident in the buffer capital of these investment banks."

But precisely on Tuesday, more and more lenders and customers began to withdraw their funds from Bear Stearns, even though Bear Stearns actually had a stable buffer capital at that time. But Bear Stearns' excess liquidity is quickly running out.

At the same time, British newspapers began to publicize the Bear Stearns crisis, and European banks had to worry about it and began to stop trading with Bear Stearns. Some U.S. fixed income and stock traders started doing the same thing on Tuesday, withdrawing cash from Bear Stearns, fearing that if Bear Stearns applied for bankruptcy funds would freeze.

Yesterday Thursday, the Wall Street Journal reported that companies dealing with Bear Stearns have become more cautious, and more and more partners have withdrawn their funds. Bear Stearns executives spend most of their time on the phone trying to quell rumors that banks are reluctant to trade with them and demand more loans for their mortgages

The biggest headache is that no matter what Bear Stearns does, the news will soon spread through Wall Street. With the situation clear, Bear Stearns can't cope with the worrying customers.

Securities companies that were willing to accept mortgages insisted on using cash, and hedge funds that used Bear Stearns to borrow money began to withdraw cash from their accounts. By 4pm on Thursday, Schwartz was convinced that Bear Stearns was already in despair and had to turn to the Fed for help.

And today is the day of their harvest. Even if we have agreed to his conditions now, he will not stop. After all, it is a profit of more than ten billion dollars ... "

"boom!"

Paulson patted the table fiercely, saying angrily: "This bastard! This will cause a heavy blow to the entire American financial system."

"..."

"What else can we do to keep Bear Stearns' stock price diving!"

"..." The audience defaulted.

"Minister, the overall situation has been set, and we can only watch his men leave the market after the harvest is completed. Unless mg Chase now buys Bear Stearns, it will be possible to curb the suppression of their huge funds. The strength of tens of billions of dollars is impacting the stock price. At present, except for the largest funds in the entire market, no one is their opponent, and these funds are ... hey, all short Bear Stearns! "

"It's all a group of greedy vampires! Damn, you can't let him continue so brazen, his destructive power is too great, Hamilton, tell me, who might their next goal be?"

"The biggest is probably Lehman Brothers!"

"What ?!" Paulson heard the answer, and suddenly got up from his chair, staring at the men who gave him the answer. He couldn't imagine what panic would happen on Wall Street if Lehman was also shorted by Andy. .

"Andy Smith is very good at layout in advance, and his think tank regards the preferences of this boss as their job characteristics. After selecting the target, they will spend several months to disperse funds into the layout in advance, etc. After the completion, they will create market panic and release all kinds of news, and the most headache is that these news are still true. Although there is a small amount of leave, it is the most deadly venom, which makes people unable to distinguish the true false.

Then, they will hedge with huge capital flows, and their successful experience again and again allows many hedge funds to follow behind them to pick up bargains.

Just like this time, more than 80 billion U.S. dollars have been shorted for Bear Stearns. Even if they bought two Bear Stearns companies, they still have surpluses, but they control the rhythm very well and will never kill them at once. The only thing is to slowly cut the meat and wait for Bear Stearns to ask for help.

In other words, no matter how much money we lend to Bear Stearns, in the end, most of it will fall into Andy Smith's pocket ... "

"No, he must not be allowed to continue doing this! Give me an appointment with Old Smith, and also with Auston Smith, and, at a press conference, I want to ..."

"咚咚"

"Secretary, Bear Stearns' stock has plummeted 5% ..."

"Xiete! Go now, now!" Paulson's face twitched, his whole face turned black, and he waved and snarled, "You must stop this greedy shark!"