Chapter 431 First Franklin Finance

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"Stephen, every time I communicate with you, I always benefit a lot, thank you!" Guo Shouyun said sincerely.

"It's not easy to get your heartfelt thanks!"

"Haven't you done it many times before?"

"I think it used to be mostly superficial, right?"

"Haha, who made us opponents!" Guo Shouyun said with a smile.

"That's right... But it's also because of this that we have a deeper understanding of each other's abilities. That's why I think about it carefully when I receive your invitation. ”

Stephen Bryan nodded, and after a pause, he suddenly said, "I know you always have a backhand to do things." So I'm curious, if I decline your invitation, who will your alternative be?"

After one glance at him, "Jamie Dimon of First Bank of Chicago!"

"He's very much to your liking, and he's capable enough. But Bruce, he won't promise you!"

"Why?"

"When Jamie Dimon was kicked out of Citi, this guy always dreamed of returning to New York and picking up the glory he had lost. So, unless you can give him a bigger platform than the First Bank of Chicago is right now, he won't say yes to your invitation. And now First Bank of Chicago ranks sixth in the U.S. financial industry. With the exception of Citigroup, ******, Bank of America, Wells Fargo, and Wachovia, there is no other bank in the United States that is bigger than it!"

"Of course, you can choose to buy First Bank of Chicago, but unless you can pull in the help of the Roosevelt family, you don't have much hope. And, even if you solve the political shortcomings now, there is little hope. ”

"Why?"

"According to the information I have received, ****** have begun to contact Jamie Dimon privately, and Seymour's plan to merge with the First Bank of Chicago has begun, and if this plan can be successful, then Seymour will replace Citi as the largest financial giant in the United States and even the world. Jamie Dimon is the one with the best chance of becoming her leader, do you think he would consider your invitation under this temptation?"

Guo Shouyun shook his head after a brief test.

"It doesn't look like so... But he's an alternative, and it's nothing to lose, isn't it enough to have you? I believe that the combination of the two of us is more tacit than Sandy Weir and Jamie Dimon in the last century, and is more capable of building Phoenix into a world-class financial consortium. ”

"Bruce, your self-confidence is one of the most important reasons why I chose you. After a pause, "So, are you ready to tell me about your big plans now?"

Looking at Stephen Bryan's concerned eyes, Guo Shouyun thought about it, "If nothing else, it will be at the end of this year!"

"Why?"

"Because the assets that Phoenix Capital took over from Anping Company will take nearly a year to process. Also, I needed time to increase Phoenix's capital and maintain a controlling stake in Merrill Lynch. ”

Stephen nodded, "Bruce, Merrill Lynch is doing pretty well right now. If you delay the time, then its stock price will also rise, and the price will be even greater!"

"Stephen, I believe that in the same amount of time, I must have had a much more return on my investment than Merrill Lynch. And, like you said, the acquisition of Merrill Lynch is not an easy task, and we also need time to prepare. ”

After pondering for a moment, "So what are your plans after the acquisition is successful?"

"I don't have a clear plan yet, but I think it's necessary to listen to your opinion on this matter!"

Since it has been decided to let Stephen Bryan be the CEO of the company, out of respect for him, the other party should also be consulted on this matter.

"I want to buy the 'First Franklin Financial Company'!"

"First Franklin Financial?" Guo Shouyun frowned slightly, "If I'm not mistaken, it should be a subsidiary of the National City Bank of America that operates subprime mortgages." ”

First Franklin Financial's stimulus mortgage business spans 12 states in the Mid-South, with 1.7 million customers and $55.9 billion in real estate-based triple-A subordinated debt, which is a gold mine! ”

Guo Shouyun's eyes narrowed slightly, "Stephen, the focus of everyone's attention now is on priority and intermediate real estate mortgage bonds, and there are not too many people interested in subordinated bonds. ”

"Of course. But there's always a limit to the number of senior and intermediate bonds, isn't it? Bruce, I'm sure you can see that the U.S. real estate industry is about to enter a period of rapid growth, and then any industry associated with it will prosper, and the same goes for derivative bonds. If the phoenix wants to make the most profit in it, it has to swallow the part that is most likely to generate excess returns in the future before everyone can react. ”

"Subordinated bonds?"

"Of course, because there are still so many options, everyone is concerned about intermediate and priority, and there are not many financial institutions that deal in subordinated bonds. As a result, the triple-A subordinated debt owned by the small First Franklin Financial Company accounts for one-third of the total 158 billion subordinated debt in the United States. And the price is also very low. It's a good time for us to buy the bottom, and if we wait until the tide of real estate appreciation starts and all financial institutions turn their attention here, we may not have such a good opportunity. ”

Guo Shouyun nodded. Stephen Bryan's eyes are still sharp. At a time when most of the focus is on priority and a small number of intermediate mortgages, he has identified a hidden opportunity in subprime loans.

If he hadn't known about 'forward contracts', and the long-term nature of the gold and oil markets, he would have jumped on board now.

However, for gold and oil, as well as the 'forward contracts' of various futures commodities, it is his own strategic layout. The main operating entities are the Guo Family Trust, Hanhua Trust, and two hedge funds, Thunder and Mangzhong. He did not interfere too much in the regular investment business of Phoenix Company.

"I don't think you're telling me this for the company's development plan after the merger of Phoenix and Merrill Lynch. Rather, they were persuading me that I should take this opportunity to buy First Franklin Financial and enter the subordinated bond space. ”

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