Port of Spain, the capital of Trinidad and Tobago, is a beautiful coastal garden city and a deep-water harbour. It was once a Spanish colony more than 400 years ago, hence its name.

The country is one of the more economically developed countries near the Caribbean Sea, with a large number of black Indians and the second highest number of murders in the world every year.

In the equatorial country, extremely hot, in the luxury suite of the Trinidad Hilton Conference Hotel, Andy was wearing only a pair of shorts, leaning back on the sofa, and watching the press conference of US Treasury Secretary Paulson on TV with a smile on his face.

"The Fed has taken appropriate action to work with market participants to minimize the impact of the financial crisis...

The Federal Reserve's bailout of Bear Stearns avoided possible greater damage to other financial firms and the U.S. financial system...

I am very confident that the US financial markets will emerge from the current chaos and that the US economy will remain resilient, and I believe that a strong dollar is in the interest of the US... ”

Andy's smile became brighter and brighter, and he knew that this shorting of Bear Stearns, the fifth largest investment bank in the United States, was a complete blow to the American financial system.

But who cares!

He Andy Smith only needs dollars, a lot of dollars is his goal, the opportunities brought by the subprime mortgage crisis are precious, only cutting meat from large companies will make him full, when the whole world enters the economic crisis, but a general decline, there seem to be many opportunities, but there are not too many opportunities to make a lot of money.

Buzz –

Andy's heart trembled slightly, grabbed the mobile phone on the table, and after connecting it, he heard the excited voice of Al on the other side.

"4.7 billion! Boss, in three days, we made $4.7 billion from Bear Stearns!"

"YES! Well done! I'm going to celebrate you! Big celebration! fxxk! Tell everyone that your yacht is down!"

Andy's face turned red with excitement, and he punched hard in the air, sending the excitement and excitement in his heart, robbing a bank doesn't have this kind of money-making speed, cough cough, okay, Bear Stearns is also a bank in some sense.

"Tell me about the process, damn it, I really want to go back to New York right now... ”

"The process is like this ... ”

Andy walked over to the bar, poured himself a glass of whiskey, took two ice cubes from the fridge and threw them into his glass, shaking his glass as he listened to Al's narration.

"Goo-dong!"

Andy drank all the whiskey in the glass in one gulp, and the excitement on his face still did not dissipate, but he said in a somewhat unwilling tone: "That is to say, in just 3 days, Bear Stearns has $17 billion in cash reserves evaporated, and we only took 4.7 billion of them? Damn, it's really a little unwilling!"

"Ahem... ”

Andy heard Al's light cough on the phone, smiled self-deprecatingly and said, "Okay, I'm a little greedy, so are we going to join the team to carve up Bear Stearns' high-quality assets?"

"I'm sorry boss, I'm afraid we're going to lose this opportunity!"

"What's going on?" Andy frowned and poured himself another glass of wine.

Standard & Poor's downgraded Bear Stearns' long-term credit rating to BBB and said that a further downgrade was likely based on the company's illiquidity. Moody's also downgraded Bear Stearns, which is now three notches above Junk Stock.

It is highly likely that Bear Stearns will be sold within 28 days of receiving this emergency loan, Paulson has flown to New York, he has already been to MG Chase, and the current information we have received through information channels is that MG Chase has expressed interest in buying Bear Stearns... ”

"Shet!" Andy scolded, slamming his glass on the bar as he drank all the whiskey, "Offer price?"

"MG Chase's initial purchase price may be as little as $2 per share, for a total offer of $240 million... ”

"FXXK! is less than a quarter of the price of Bear Stearns' Manhattan office building!"

Andy's face was pumped with anger, and the excitement of making $4.7 billion was completely dispelled, and he cursed through gritted teeth, knowing that it might be MG Chase who finally picked up a big bargain this time.

"This price is certainly not the final price, and Bear Stearns' board of directors will never agree to it, and we expect the acquisition to be completed at $10-15 per share.

Either it will be acquired or it will go bankrupt, and at such an urgent moment, the price at which Bear Stearns will be acquired is naturally a little irrational.

This price also illustrates the additional risk that MG Chase has to take. They have to give themselves a margin of error so that even if they're wrong, they won't put the company in danger and be dragged into the water!"

"Whew-"

Andy said in a cold voice very unwillingly, "What can we do?"

"We can't do anything, Bear Stearns' assets have reached 500 billion US dollars, although we have good strength, but even if we dare to take over Bear Stearns, we can't bring enough confidence to the market, and we can't save Bear Stearns, but we will be buried deep in the pit.

The most important foundation that underpins the modern financial system is not the physical assets in the physical world, but people's confidence in the system itself and the creditworthiness of the participants in the system in the eyes of other participants. Once confidence is shaken, once the credibility is gone, even the tallest edifice will collapse in an instant, even faster than the World Trade Center in 911... ”

"Hey, yes, any financial institution, once there is a credit crisis, it will spread like a plague. And it's none other than us who open Pandora's box, damn it, MG Chase!"

Andy gritted his teeth and sighed helplessly, "How much cash flow can we use now?"

"Gold futures have all been sold off, and the total amount of money in London is now 5.3 billion pounds, and the money in New York has reached 15.2 billion dollars. ”

Andy tapped his fingers on the bar table, staring and thinking, although the cash has reached more than 26 billion US dollars, but for the next plan, it is only enough, but if you really want to compete with a financial company of the size of MG Chase, to be honest, you really can't grab them.

Look at the current situation, his people started a war, although they also made a lot of money, but it was MG Chase who really wrapped all the war dividends.

"Forget it, since things have already been like this, the commercial bank of Bear Stearns that we are thinking about seems to be hopeless, have you chosen your next target?"

"I've chosen, I've almost finished the layout, and the next one is Merrill Lynch!"

"When does it start?"

"Mid-April. ”

"Well, I'll almost go back to New York at that time, by the way, although it's cheaper MG Chase, but I can't let him go so well, release the news, let his opponents join this competition, your celebration can be bigger, let the panicked Wall Street feel our success!"

Andy is now going to disgust Bear Stearns and Wall Street Daddy Paulson, and keep all the Wall Street giants in the same predicament as Bear Stearns in their throats, reminding them that on the same street, there is a shark that is more greedy and bloodthirsty than they are, and is always ready to eat their meat!

And just as Andy hoped, with the Bear Stearns crisis, panicked investors began to look at other big Wall Street firms: Who will be the second Bear Stearns?