You must know that the risk of shorting is not ordinary, and if you are not careful, you will die without a place to be buried.

And according to his memory, Andy can't see the most evil part of the subprime mortgage crisis: the stock price of Citigroup, the world's largest bank, has fallen to a few cents; AIG, the world's largest insurance group, has lost all its fortune and spent $190 billion by the U.S. government to save it; and the glittering five major investment banks on Wall Street have blown up three of them.

In short, the more terrible the companies in this crisis, the worse they die, and the ones who kill them are individuals like Andy Smith.

Andy didn't dare to bet that his unexpected joining would kill Morgan Stanley directly.

Back in the office, Andy took three vintage Havana cigars from the classic wooden box on his desk, tossed one each to Al and Bud, and toasted them one after the other.

The office was very quiet, and the three of them each exhaled mellow smoke, calming the excitement in their hearts and sorting out their thoughts.

Andy put the cigar on the edge of the crystal ashtray, stood up and walked to the bar, took a bottle of red wine from the wine cabinet, stretched out his fingers and picked up three crystal clear goblets and walked back.

While pouring red wine, he smiled and asked, "What do you think?"

Badstone leaned back on the couch with a comfortable face, enjoying his cigar, and raised his chin slightly, allowing Alvitre to make his point first.

Al looked at the cigar in his hand, smashed his mouth, and said with a smile: "Boss, I think you are also thinking now, what kind of price will Da Mo give us, right? According to the current market situation, they will give me a discount, 30-3.6 billion US dollars, and the bottom line may remain around 4 billion US dollars." ”

Andy nodded, it was about the same price as he thought, and it was also the high price that other companies interested in Da Mo could give, "Can they come up with so much cash?"

"They can also use the line of credit to take out loans, although in this period when banks tighten the lending window, loans will become usury, but since Da Mo is ready to redeem the VAM agreement in our hands, then it also marks that they are going to give it a go!" Bardstone crossed his legs, changed into a more comfortable position, and analyzed to Andy with a smile.

Andy frowned, as if to say something, Alvitatre on the side took the lead in speaking: "Too big to fail! What is the value of usury compared to huge losses, increased cash flow, and various opportunities that may arise in a crisis, don't underestimate the greedy heart of an investment bank." ”

"4 billion?" To be honest, Andy was affected by the greed that kept popping up in his heart, people are always like this, when they have their fingertips, they always want to get more, and get more...

Al and Bud couldn't help but look at each other, looking at their young boss with extremely tangled expressions.

"Whew-" Andy furrowed his brows, exhaled a cloudy breath, and looked at Al and Bard with blazing eyes, "I'm really a little unwilling! Is there anything else that can maximize my interests?"

“。。。。。。 ”

Both Bardstone and Alder frowned, thinking quickly.

After a while, Al first spoke: "Let's start with 6 billion as the starting point of negotiations, entanglement negotiations, 4 billion is just our guess, not necessarily their bottom line, we have enough time to drag it out, but they don't, and the market will change every day, no one knows what will happen in the next moment, time is also precious to them." ”

"That's good!" Buddlestone took over at the right time, "we have the initiative, we can put pressure on them at any time, and when the time comes for negotiations to stalemate and refuse to give in, the boss can meet with some executives such as UBS, Citigroup, and JPMorgan Chase, drink coffee, play golf or something, I think, Morgan Stanley will compromise." ”

"However, boss, you don't have too much extravagance, 4 billion guarantees, the maximum will not exceed 5 billion US dollars, and maybe it will be discounted in the form of cash plus equity. Alvitatre saw the boss with a happy face and said without losing any time.

"Who wants their stock? In the future, they don't know what price their stock will fall to!" Andy pouted, disdainfully spoken.

"Then use convertible preferred shares plus cash, convertible preferred shares can be converted into common stock to share the profits without exercising the conversion request when the company is less profitable, and when the company is more profitable, the conversion request can be exercised and converted into common stock to share the profits. This is also conducive to Da Mo to reduce the burden on the company. ”

Badstone threw out a new concept, which made Al's eyes light up, and nodded in agreement: "Maybe Da Mo will very much agree with this model, after all, a shareholder with a large amount of cash and no power to exercise rights is more beneficial for them to experience the storm ahead." ”

"Okay, then that's it! The two of you immediately set up a negotiation team and notify the other party to start negotiations, Bard you have been responsible for the CDS gambling agreement, and you should give more support to Al in terms of data, Al is headed by you, after all, in negotiations, you have rich experience, there is no problem, right?"

"Nope. ”

"Nope. ”

Both of them nodded and replied with serious expressions, and Andy said to the two of them with the same seriousness: "Then I will trouble you two." ”

Watching the figure of the two leaving, Andy took a puff of cigar, slowly opened his lips, a cloud of smoke slowly rose, smelled the mellow aroma, shook the red wine glass in his hand, and took a sip.

"It's almost ... As soon as the negotiations are completed, I can start implementing the plan, and wait, wait... The corners of Andy's mouth turned up slightly, his eyes narrowed slightly, but his thoughts no longer knew where he had flown to.

After receiving a call from Badstone, Morgan Stanley's negotiating team led the team to Liberty City Investment Company that afternoon.

Under the introduction of Badstone and Morgan Stanley Tom, the two teams had a brief understanding and exchange, and the two parties sat opposite each other in the conference room.

Liberty City Investments is dominated by Alvitatre, with Badstone as a vice-president, Morgan Stanley with John J. Mark as a vice-versus, and Tom as a vice-president.

After the two sides immersed themselves in the negotiations, the man named John J. Mark came up and directly threw out a price that made Al and Bard look at each other.

"$3.6 billion, Morgan Stanley is willing to offer $3.6 billion to redeem the VAM agreement... ”

Both Bard and Al saw from each other's eyes that they didn't want to have a protracted battle with them, but wanted to end this negotiation as soon as possible, and Bud couldn't help but narrow his eyes slightly when he saw Tom, who had been expressionless on the other side, but the corners of his mouth were slightly pulled.

Alvitatlet said unhurriedly: "Our agreement can eventually get a profit of 7.2 billion US dollars, and as soon as you open your mouth, you will give us a discount, if it were you, would you agree? If I knew that you would pay this price, our boss would not have negotiated with you."

However, since the negotiations have begun, then we also tell you that our bottom line, 6 billion, if you want to redeem the VAM agreement, less than 6 billion we will not consider ... ”

"It's blackmail, we're not going to accept this outrageous price... ”

Al and Bardstone looked at each other uncertainly, and looked at John Mark with an angry face with an idiot's gaze, blackmail?

Alvitatre sneered and threw the signature pen in his hand on the table, crossed his arms around his chest, and said coldly: "Pay attention to your wording, we didn't force you to redeem it, and if you can't figure out the situation, then the negotiation is over."

We have enough time to wait until the expiration date of the agreement, and I hope that you can come up with so much cash at that time, otherwise we will ask the court to freeze your assets and convert them into debts, I think your Morgan Stanley company with tens of billions of dollars, just auction a few subsidiaries to make up enough funds to pay us off!"

"You-"

"Don't get excited, you have something to talk about slowly, our negotiations have just begun, the price can not be negotiated, you can slowly find a consensus, you want to get profits and leave easily, we want to recover the company's losses, we don't conflict with each other's demands, you can talk slowly." Tom seemed very helpless, and began to persuade both sides with a bitter face.

Badstone and Tom are friends, and he has sensed that something is wrong and glances at his own data analyst.

The data analyst opened the folder and slammed the other party's heart with a specific data dagger, which changed the face of the Morgan Stanley people.

Badstone took the opportunity to break away from the negotiations, and after leaving the conference room, he went straight to Andy's office and told Andy his guess.

"You're saying there's something wrong with Morgan Stanley?" said Andy, frowning and groaning as he touched his chin.

As it should be, Tom looked at John Mark with a strange look in his eyes, wary and even a little gloating when he and Al were arguing. Why don't I ask?" said Bardstone with a frown of agree.

"Well, it's right here to call... Andy leaned back in the boss's chair, his arms and elbows propped on the armrests, and his hands crossed in front of his chest.

Badstone took out his mobile phone and began to call Morgan Stanley's friends, and soon under Budd's constant questioning, the other party told him the truth, in fact, even if he didn't tell him now, it would be published in the newspaper tomorrow.

Badstone's face changed slightly, and after a few thanks, he hung up the phone and said to Andy: "This morning, at the board meeting held by Morgan Stanley, Morgan Stanley's founder stepson, former chairman S. Parker Gilbert used his name, prestige, and financial resources to unite the eight banker shareholders on the board of directors to force Pei Xiliang to give up power, and at the same time define him, his more conservative financial line is destroying the culture that Morgan Stanley preaches. ”

"In other words, the other party has just undergone a power change!" Andy's brow furrowed even tighter.

"Yes, Parker is the heart and soul of Morgan Stanley, and John Mark, the negotiator who came today, is likely to succeed him as CEO of Morgan Stanley, which is why he opened his mouth for $3.6 billion as soon as he came up, and he wants to end the negotiations as soon as possible, and he doesn't want to pay too much price. "Bardstone knows everything about Wall Street, and he knows it all about heroes.

"Hehe, are you in high spirits? Go back, go according to the original plan, drag, grind off his sharpness first, ask for someone to have a begging attitude, where is he in charge!" Andy sneered, but now it seems that simple negotiation will not achieve the goal, maybe it is time to move.