Chapter 1205: Being slapped in the face and collapsed by his own people
As Paulson tries to save the struggling housing market and the U.S. economy from the brink of collapse, and accomplishes tremendous changes in these two troubled but powerful financial giants that have plagued reformers for years, he is still watching Lehman redeem himself!
However, as Andy knows, the current CEO of Lehman Brothers, Forder, is a very obnoxious and arrogant guy.
Among the many acquirers interested in Lehman, the focus is on the contingent acquisition negotiation of the National Development Bank.
In the negotiations, on the question of whether to follow 1.25 times the net worth or 1.5 times, Lehman boss Fuld seemed quite calculating, full of value investment tone "hum"!
"We talk to you because we can afford you, you should listen to me", the end is, of course, the sticks were provoked, and directly tore the so-called "Lehman tried to seek an unlimited credit support, just wanted to use the assets of the stick development bank to rescue Lehman who fell into the water!"
So, the sticks waved their hands and did not take away a piece of paper!
Paulson left with a disappointed expression, Andy did not give him much favor because the treasurer personally came to the door, and for issues involving interests, let alone the treasurer, even if the president came to the door, it was in vain.
In this environment, including Andy, and other monsters on Wall Street: Da Mo, Goldman Sachs, Merrill Lynch, Bank of America, etc., are all peeping in the corner! All they think about is predation or the appearance of blood in the wind!
Is Wall Street, and even Washington, really incapable of saving Lehman Brothers?
How can it be!
It's just that in addition to hating Forder, what is more important is the assets of Lehman, as a huge prey to be slaughtered, all the predators are waiting for this prey to dry up the last drop of xue, and then divide it, after all, no one wants the poisonous part, they all want to eat the most delicious piece.
In particular, the fall of Lehman would free up a seat on the board of directors of the New York Fed, and there will be a large number of people staring at it.
"Boss, the essence of the current crisis is a liquidity crisis. Almost all kinds of financial institutions will use large or large leverage to participate in the financial game, Lehman 10 will announce the third quarter financial report, huge losses are inevitable, they will even announce asset splits, to try to evade the write-down of junk and toxic assets to manipulate, boost the company's stock price! β
AlvitatlΓ©, who was sitting opposite Andy, took a coffee, leaned on the back of the chair relaxedly, and said lightly, after all, the big boss has been playing a bit big recently, and the leverage is larger, and earning more also means that the risk is high, and once it is hedged by multiple parties, it is very likely to bring losses.
Andy, who was lying on the boss's chair with his feet folded on his desk, holding his mobile phone and trying out "Super Monkey Ball", didn't raise his head, and said indifferently: "Dying and struggling, this does not prevent the self-judgment and self-direction of both long and short sides!"
By the way, keep an eye on Lehman's benchmark index business and own index business, and when the time comes, we will eat it, merge with Gaia, and launch our own series of indices such as the U.S. Bond Composite Index, the Emerging Markets Index, the Global Market Index, and the Municipal Bond Index... β
Alvitatre's hand holding the coffee cup trembled slightly, his eyes radiated a sharp light, he put down the cup, his face was serious, and he said in a cautious tone: "Boss... β
Andy couldn't help but glance up at Al, frowned slightly, put away the phone, put down his feet and sat upright and asked, "Is there a problem?"
Alvitatre nodded solemnly and said: "It is not a good idea for us to establish the Gaia index, you should give up the dream of making Gaia a big investment bank like MG Stanley and Goldman Sachs in the United States, even if you invest a lot of money to achieve this goal, it will have little effect, and any superficial progress will be fleeting... β
"Straight to the point!"
The corners of Al's mouth twitched, and he said after pondering: "Boss, your background is insufficient, the Gaia index has not been more than ten years or even decades, and it cannot convince the capital market and eventually become a guiding data, and at the same time, we need to face too much behemoth competition, as well as ambitious British investment banks, the money will not be spent, but the effect will be unsatisfactory!"
Andy's face was a little ugly and he opened his mouth, his face was torn apart, and he felt aggrieved in his heart, Nima, he was proud of this idea, and now it sounds like this money is really not easy to make money from selling information.
Even with his thick skin, he feels a little hot, Nima, he was slapped in the face by his own people...
"However, boss, you are optimistic about Lehman's benchmark index business and its own index business, which are two pieces of unique vision, and can even be said to be vicious, this is definitely a piece of fat that those predators may ignore, we can take these two pieces of business, and then sell them, whether it is the British or the French, including the Celestial Empire, the footbasin people will be very interested, and it will be no problem to make 3 or 4 times the profit... β
Seeing that the ugly expression of the big boss on the opposite side finally became good because of his almost sycophant words, Al wiped a cold sweat in his heart and breathed a sigh of relief, he was still a little helpless to stop the boss's somewhat taken for granted decisions, but as the chief thinker, he had to stop the boss's unreliable ambition.
People play the index business, that's because the Lehman index has decades of accumulation, the boss wants to take the Lehman business, change the name of Gaia to think that the index business can be carried forward, how can things be so simple.
"Okay, it's my guess, let's do it, it's not bad to be a second-tier dealer, you can make money if you can turn it over, it's simpler. Andy shook his head and smiled bitterly, but after all, the direction was right, and it was not bad to make quick money.
Although he was slapped in the face by his own people, it was better than being slapped in the face by other opponents who saw jokes after doing it, Andy didn't continue to dwell on this matter, since it was thankless to do it himself, then he didn't do it, he was not a crazy man, he had to compete with himself, and he took more than a billion to fight in the water.
On Wednesday, September 10, 2008, Lehman announced its largest quarterly loss in 158 years, a record loss of $3.9 billion.
In the conference room of Gaia, Andy, who was sitting in the chief position, looked at the picture of the press conference on TV, listened to Fulder's interpretation, couldn't help frowning, looked at Al on the left and asked, "'The company will still try its best to find all strategic alternatives to Xing to maximize shareholder benefits' What does he mean?"
"Forder, including Lehman's board of directors has collapsed! Lehman is ready to accept all possible offers!" Al was shocked at the moment, this was undoubtedly telling the world that Lehman would accept the cabbage price to be acquired, as long as someone was willing to take over.
Knock Knock β
"Boss, just now there is news from Bloomberg that Barclays Bank of the United Kingdom announced its intention to acquire Lehman Brothers, and Lehman's stock price began to rebound... β
Andy looked at the subordinates who pushed open the door and broke in, listening to the other party's report, and couldn't help twitching the corners of his mouth a few times, Nima, this is a joke, this is his meow's reaction is too fast, this side of the press conference is not over yet, over there... Damn, they are really manipulating the stock price!
Andy looked at Al, who nodded slightly with an indifferent expression, and then said: "Just like the boss you predicted, it is indeed in a dying struggle, I believe that soon you will receive a call from Paulson or Geithner... β
Buzz β
All eyes in the conference room were on the crazy phone that was constantly buzzing and trembling at the conference table, and Andy smiled and said to Al, "You're almost a prophet!"
In the originally quiet conference room, there was a burst of relaxed laughter, as for the rising Lehman stock price, no one cared about it, according to the rules of Wall Street, in the press conference, some specific data and the implementation of Xing's public questioning, can not be delved into, because it is not a suitable occasion for a showdown, no need to worry, one to two hours after the press conference, there will be a real chapter, shit will still be shit, even if a layer of nai oil is temporarily sprayed!
"Geithner's ... Andy glanced at it, smiled and said to everyone, and then picked up the phone leisurely.
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After hanging up the phone, Andy said with a smile: "I heard it, okay, it seems that everyone needs to work overtime this weekend, let Stephen Noopy take the bank's accountants to New York on a charter plane to meet us, haha, it's going to be a crazy weekend!"