Friday, 12 September 2008.

Lehman's stock price plummeted to $4.22 again! Fuld was also asked to voluntarily resign from the board of directors of the New York Fed!

At this time, Paulson, Geithner and others still made it clear that the government would never bail out the market!

Neither Congress nor the White House wants to face the moral hazard of making innocent people suffer consequences for greedy humanity and failed business models, and potentially encourages the creation of derivatives that take huge risks to make huge profits.

Because if the gamble is lost, the government will also come out to collect the stalls. In the beginning, in order to avoid such a situation, the government decided to pour cold water on Wall Street to sober up the bigwigs and make them realize that the government would choose to leave them to fend for themselves.

It was a very, very intense weekend!

The New York Federal Reserve Building, 33 Liberty Street in Manhattan's financial district, is a 12-story Italian-style building that occupies an entire block east of Wall Street. $60 billion in underground vaults!

Lehman's fate is pinned on this building!

Geithner and Paulson summoned all the CEOs of Wall Street's major banks to gather here at 6 p.m.!

The meeting, which was scheduled to start at 6 p.m., was postponed to just about 7 p.m. Paulson and a handful of aides set up camp at the New York Fed's temporary headquarters on the 13th floor. At this time, the building was full of bankers, lawyers, accountants, and analysts.

These bankers include some of Wall Street's most prominent CEOs, such as Jamie Dimon of MG Chase, John Mack of MG Stanley, Lloyd's of Goldman Sachs, Vikram of Citigroup, John Sain of Merrill Lynch, Brady of Credit Suisse, Robert of Bank of New York Mellon, Andy Smith, Warren Buffett and others.

Of course, this does not include Lehman Brothers' CEO Forder, who Paulson believes refuses to accept reality and is therefore quarantined and has no right to intervene in the matter.

Those bankers also do not include those from Bank of America and Barclays, as they have been selected by the US Treasury as two potential buyers for the acquisition of Lehman Brothers.

Sitting in the brightly lit and spacious conference room, Andy looked at the group of old guys, and his heart was full of mocking sneers at Bank of America and Barclays, the two absent leaders who were selected by Paulson as potential buyers, and without financial support, these two potential buyers would not have bought Lehman Brothers at all.

"Don't expect government funding, you're the one who will solve the problem. Paulson's face was grim, and he said to a group of Wall Street bankers with a fluke that blocked everyone's hearts at the beginning.

The group will be divided into three groups, one to study ways to minimize the knock-on effects in the event of Lehman's bankruptcy, one to study how the financial industry should buy the entire Lehman Brothers with a view to winding it up in the future, and another to finance the purchase of assets that buyers do not want... ”

Wow –

There was an uproar in the conference room, the bigwigs were a little ugly, the Wall Street CEOs were talking about each other, and there were even scenes of quarrels and accusations, the corners of Andy's mouth were slightly upturned, and he leaned on the boss's chair with a lazy look, and a signature pen was quickly rotated on his fingers, looking at the farce in front of him.

"Bang bang bang!"

Paulson's face turned pale, he slapped the table three times, raised his voice, and said coldly: "This incident is related to our capital market and the whole country, and we will remember those who did not do their best!"

The smile on Andy's face did not dissipate, although he sneered in his heart, but he also had to pay attention to the threat of the somewhat crazy Paulson, after all, if you want to get a piece of the Lehman feast, you must be obedient, otherwise, you will never get any benefits.

Anyway, it was his subordinates who worked, not himself, and the only thing he needed to do was to stay here and be with his men.

Andy and the people he brought were placed in the group headed by Goldman Sachs, after all, he is a greedy little guy who is also very unpopular, you know, he is still crazy about shorting Citigroup, Merrill Lynch, and whether it is MG Stanley or Credit Suisse Bank, he has been killed and lived, and everyone's attitude towards him is naturally not much better.

In terms of the thickness of his face, Andy is no worse than the old guys here, with a sunny and charming smile on his handsome young face, and he doesn't care about the embarrassment of constantly being stared at by gloomy eyes.

At the end of the meeting, as he walked to the makeshift studio next door, Warren, an old rascal, teased maliciously, "Andy, people aren't very kind to you... ”

Andy smiled faintly at Warren's eyes under black-rimmed glasses, raised his eyebrows and smiled: "I'm not targeting anyone, it's all rubbish." ”

"Ahem... Warren's old face flushed slightly, suppressed his smile, hurriedly coughed to hide it, and shook his head helplessly and said, "You little guy, you are really a poisonous snake." ”

Andy sneered, not caring about being heard at all, and said, "Did I say something wrong, to be honest, I'm about to vomit all the money I've made recently, tsk... ”

When a few people passing by heard Andy's cool words, the corners of their mouths twitched a few times and sped up their pace, but it was Citibank's Vikram who stopped crying and laughing slightly, and walked side by side with Andy and Warren.

"Andy, why don't you spit out a little bit, how about investing in our Citi?"

Warren Buffett's eyes flashed, and he couldn't help but look at Andy with a smile, and Andy looked at Vikram with a smile on the corner of his mouth and said, "Didn't you get in touch with the desert tyrants? ”

Vikram shook his head and smiled: "At this time, no one will be afraid of more cash, so, are you interested?"

Andy glanced at Warren, then looked at Vikram and smiled, "Yes! Of course, hehe, but... Not right now, your stock price is still too high, wait... ”

Vikram's face was ugly, the corners of his mouth twitched a few times, and after seeing Andy smile and nod, he led a large group of people to the side of the studio, and cursed in a low voice without avoiding Warren by his side: "This bastard!"

"Hehe... Warren Buffett chuckled softly, and when he saw Vikram looking at him, he also shook his head and smiled: "Don't look at me, he's right, it's really not the time... ”

Vikram's face was pale, his forehead was bruised, he gritted his teeth and looked at Warren's back, and complained helplessly: "It's all vampires who deserve to go to hell!"

In the small banquet hall converted into a temporary studio, Andy sat leisurely on the sofa, his feet on the coffee table, holding a crazy mobile phone and playing games, not at all interested in the busy work scene on the side.

"The owner, the coffee. With a professional OL costume, Xing Gan took the little assistant with a strong professional YOUHUO put the steaming fragrant coffee on the small square table next to Andy, and said softly.

Andy nodded slightly without raising his head, and then said, "Go get me something to eat, I'm a little hungry." ”

"Did the nuts come in? I brought you some... ”

When the assistant took bags of nuts out of his handbag, Lloyd of Goldman Sachs walked over, sat on the standing sofa next to Andy with a smile on his face, and said with a smile: "Andy, what do you think of the true value of Lehman?"

Pausing the game, Andy took away his phone, put away his legs, took a sip of coffee, looked at the other party with a light smile and asked, "Is my opinion useful? Or to put it bluntly, what is the use of us just calculating the real value, will you Goldman Sachs eat Lehman?"

Lloyd chuckled and shook his head, shrugging.

Andy raised his eyebrows and smiled: "So, just use any blue write-down accounting table to get a general asset value, you know, it is really interesting to acquire Lehman, it will be more detailed and careful than we do." ”

Lloyd nodded with a serious expression, and agreed with Andy's opinion very much, the reason why Wall Street obediently obeyed the convening of the Treasury Department and the Federal Reserve this time was also due to the situation and political pressure.

There is no way, without the support of Washington, this financial crisis, Wall Street may collapse, no one dares to do against Washington at this time, on a large level, the economy is a game that everyone plays according to certain rules of the game, and politics is a game that sets the rules. When the economic game can't be played, politics must be the last to clean up the situation.

"In order to alleviate the gloomy market atmosphere and pessimism of the financial crisis, this time the White House is really in a hurry. ”

Andy heard the other party's words, just smiled slightly, but there was a sneer in his heart, he would not believe any words of Goldman Sachs, you must know that although Goldman Sachs is also facing the problem of mobility, but Goldman Sachs is definitely the biggest beneficiary of the financial crisis, and this time the convocation, there are indeed external factors to put pressure on Wall Street, everyone knows that the younger brother of the president of Little Flying Shoes Gerber is a private equity investment consultant at Lehman, and his cousin George Volcker is a member of Lehman's executive committee!