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Chapter 565: Storming Bear Stearns' Headquarters (2)

"Oh God, you finally said what I wanted, I thought you wouldn't agree with it"

James really laughed and said to Li Zhiyang at this time, to be honest, the current situation on Wall Street is very bad, and now Bear Stearns has fallen.

However, the life of several other major investment banks is not easy, and many large investment institutions are desperately closing their positions and reducing their holdings, and they have previously issued financial products related to real estate subordinated bonds.

In the past, when the house price soared, this thing was definitely a weapon to attract money, as long as everyone threw this thing into the market, there would immediately be countless funds, and retail investors came out to grab the goods and sweep the market.

But now everyone knows that this thing is going to be finished, and now it is a finished thing that only has gas out and no air intake, so everyone is idle now, and everyone is constantly selling

Everyone who understands knows that the golden age of Wall Street is over, and it will soon enter the era of economic winter.

Merrill Lynch lost a lot in Bear Stearns' final madness not long ago, at least eight to one billion dollars were taken away by Bear Stearns.

So in fact, everyone in the circle knows that Bear Stearns has fallen this time, and it is very likely that Merrill Lynch will be the next.

Now there are rumors that Merrill Lynch is secretly in contact with the Bank of America, planning to add two to five and sell it to the Bank of America.

And the other Lehman is not much better, he has issued his own subordinated debt products worth almost 120 billion dollars, and now he is facing all kinds of redemption problems, if he can't solve this crisis, according to the big guys, he will not be much better.

When the time comes, it will be up to the government to reach out, but Li Zhiyang knows that the US Treasury Department will definitely not care about Lehman's life or death.

The reason why Lehman finally declared bankruptcy was because they believed in the US government too much, and they believed that the US government would help in the end, but unfortunately in the end they could only wait for the declaration of bankruptcy.

And it's not that the U.S. government doesn't want to help Lehman, it's just that they really don't have any more strength to save Lehman by then.

Behind Morgan Stanley is the Morgan family, and there are other wealthy Jews, who are supporting it, so the bank will be fine for a while.

But Goldman Sachs at that time was about to be unable to stand it, but Goldman Sachs was not too worried, because Paulson was his own person after all, and he would definitely not die without help.

In the end, the facts also verified Goldman Sachs' conceit, and in the end, Paulson came to the rescue of Goldman Sachs, but as for Lehman, he didn't have time to take care of it.

Within a few months, the five major investment banks, which had been calling for wind and rain on Wall Street and dominating for a while, finally three collapsed and monopolized, and two simply announced that they would turn into commercial banks.

In such a dire situation, who would dare to jump into Wall Street at this time?

So at the beginning, James thought that Li Zhiyang was not willing at all, and at this time, he hurriedly launched their bank project

"Why not? That's a good time, isn't it?"

Li Zhiyang replied with a smile that the control of banks by Americans can be said to be quite strict now, but it is also a particularly relaxed time.

Saying that he is both strict and relaxed, of course, is also targeted, these Yankees, of course, are strict with banks or institutions that are now shorting a lot and cashing out.

But for the players who had the courage to rush to Wall Street at this time to take over as cannon fodder, they welcomed them with open arms at that time.

But Li Zhiyang's entry into the market this time, whether he is cannon fodder, or can he mix up a legend, this is a matter of the benevolent and the wise.

"Okay, when do we have time to see Bear Stearns' headquarters?"

James asked with a smile, in fact, he is also an old fox, and there is a reason why he came to fool Li Zhiyang into buying this Bear Stearns building this time.

The reason for this is actually very simple, that is, JPMorgan Chase is not willing to pay the full amount for Bear Stearns, they want to reduce losses and avoid risks.

You must know that the most glorious time of subordinated debt products is really 0 years, when Bear Stearns made a lot of money.

But after that, because everyone flocked to this market, the profits were thin, and in order to expand the profits, everyone increased their leverage.

For example, Bear Stearns, the highest leverage ratio of the subordinated debt products he released has exceeded 100 times, and it was these subordinated debt products that hit Merrill Lynch hard when he was in his dying throes.

You must know that at that time, Bear Stearns had problems with the capital chain, but he wanted Merrill Lynch to mortgage and borrow more than 800 million debts, and it was these subordinated debt products that were mortgaged to Merrill Lynch.

As a result, when Bear Stearns was not doing well, they refused to repay, and Merrill Lynch panicked and directly took these subordinated debts mortgaged by Bear Stearns to be rated and auctioned.

As a result, more than 800 million low-voltage products were finally bought, and only 100 million yuan were bought

Now JPMorgan Chase has taken over the entire Bear Stearns, how many of these rotten goods can they have?

So of course, they have to avoid risks at this time and try to cash out as much as possible, because no one knows what kind of astronomical amount the final deficit will become.

So now they are dismantling Bear Stearns into pieces, selling as much as they can, and cashing out as much as they can.

But now that everyone is tightening their money bags and preparing for the winter, even if this goods are good, it is not easy to find a good seller who can pay off at one time and does not drag mud and water.

In the end, Morgan and the Rockefeller family discussed and discussed, and hit the idea on the heads of James and Li Zhiyang.

Not long ago, at the family meeting of the Rockefeller family, everyone was persuading James, asking him to persuade Li Zhiyang as much as possible.

So he pondered, pondered, and now what Bear Stearns can get his hands on is that they are still in the headquarters building in the center of Manhattan.

Li Zhiyang mentioned to him that if you want to open a bank, a good bank, of course, needs a good, and magnificent headquarters?

What's more, James, who has been rolling on Wall Street for many years, of course knows that such a bank has countless good things in it.

"Okay, let's do it tomorrow, it's a little late today, I still have to adjust the time difference"

Li Zhiyang said casually, and James immediately said that there was no problem

The next morning, it was a typical New York weekend morning, and Li Zhiyang and James set off early from their country club in New Jersey and headed straight for New York.

The limousine glided smoothly on the intercontinental highway in the United States, and two hours later, they were in New York, and after about half an hour of traveling through the downtown area of New York, they reached Manhattan.

At the intersection of Midtown Avenue at Fifth ** Street, where the flagship stores of major international brands gather, the wide sidewalk is still full of people at this time, and I don't feel the taste of the wind and rain of the end of the world at all.

But Li Zhiyang also noticed the faces of those pedestrians, many of them were in a hurry, their faces were ugly, some may have stayed up all night without knowing where to go, and some may have worked all night in the company for free, just to keep their jobs

Li Zhiyang and the others got off the bus at this intersection and walked to the headquarters of Bear Stearns on Low 45th Street, because this is already the center of Manhattan, and the traffic jam here is also quite serious, so they chose to walk there in a hurry.

From Tiffany's on the corner of 57th Street to the south, the two men and the bodyguards behind them walked slowly, passing the magnificent Trump Building, Gucci, Salvatore Ferragamo, Fendi, etc., to St. Patrick's Cathedral on 50th Street, opposite the Sykes Fifth Avenue Department Store, a mecca specializing in high-end fashion clothing, clothing, jewelry, and leather bags.

From there, turning west, you will come to Rockefeller Center between Fifth and Sixth Avenues, where James stands, looking at the magnificent building and sighing

The building, which no longer belongs to the Rockefeller family, was bought by the Japanese in the late eighties, one of New York's former landmarks at the height of Japan's bubble economy.

Continue west, across Sixth Avenue and through a long block lined with office buildings, Lehman Brothers headquarters at the corner of Seventh Avenue in front of you. Diagonally opposite, is the headquarters of Morgan Stanley.

The exterior glass curtain walls of the two skyscrapers are distinctive, and every visitor to New York City who goes to Broadway, two blocks away, and waits in line for their tickets to the Morgan Stanley Tower's cylindrical blue screen, will be tempted to watch the rolling real-time financial indices and stock quotes on the cylindrical blue screen of the Morgan Stanley Tower.

The exterior windows of the Lehman Building from the second to the fifth floors are completely a bright widescreen made up of large rectangular LCD screen panels, day and night, the huge company English logo is always wandering freely in the blazing volcano, or the clear and pure snow-capped mountains, the endless green fields, or the rushing river, always proudly reminding the office workers and passers-by who pass by here that the fourth largest investment bank on Wall Street is outstanding.

But now here, although the appearance is still brilliant, Li Zhiyang knows that inside their stomachs, I'm afraid that at this time, it is just a piece of chicken feathers.

After a few more streets, they finally reached Bear Stearns, the headquarters building on Lower Forty-fifth Street.

This 45-storey-high, octagonal, once prominent beautiful building, at this time seems to be particularly lonely, now in front of the gate can no longer be seen, the kind of traffic in the past, an endless stream of visitors, but a cold saddle horse in front of the door is lonely

There are a few German cars parked at the door, but more are Japanese cars that the American people like to see.

Now this building has been taken over by JPMorgan Chase's people, and last night JPMorgan Chase's people got a notice from James, saying that he was good at saying that he had wasted most of his saliva, and finally persuaded his son-in-law to come here to have a look.

And the people on JPMorgan Chase's side, who were in a hurry to show up and plan to wipe Bear Stearns' ass clean, were of course relieved.

But they didn't dare to slack off, and today they specially sent Simmons, one of the vice presidents of the company, to greet Li Zhiyang and James.

In their eyes, Li Zhiyang is a big financier, and he must not be offended, because this guy can help them solve the cash problem of more than one billion yuan at any time.

How dare they offend such a big financier with the words hard currency engraved on his head

As soon as Li Zhiyang and James entered the gate of the Bear Stearns headquarters, Simmons greeted him warmly and greeted James.

As one of the vice presidents of JPMorgan Chase, how could he not know James of the Rockefeller family? In fact, he even attended Li Zhiyang's engagement ceremony, but there were too many people present at that time, and many of them were even more powerful figures than him, so Li Zhiyang did not remember such a part-time job for JPMorgan Chase at all

Simmons himself is less of a Wall Street banker and more of a professor and academic, and he is dressed casually today, in line with American weekend habits, with a cotton shirt and corduroy pants.

has a gray beard and gray hair, but the hair is meticulously combed, which is not at all like the impression that people have in the impression of a big consortium manager on Wall Street, who is dressed in a straight suit.

After James gave a brief introduction to Li Zhiyang and Simmons, Li Zhiyang simply greeted this Simmons, of course, out of courtesy, but that's it, which also made this Simmons feel a little flattered.

You must know that he is actually just a senior worker, and at the best time of the year, he can only get tens of millions of dividends, and his net worth is nothing compared to Li Zhiyang's.

Therefore, out of Wall Street's habit of treating rich people, especially super rich people, the current Li Zhiyang is a god in his eyes

Li Zhiyang and Simmons, after a few words of greeting, under the leadership of Simmons and his team, began to browse the building that competed for Bear Stearns.

Bear Stearns was the smallest of the big five investment banks on Wall Street, so instead of building his headquarters in the heart of Manhattan like Morgan or Lehman Brothers, he set up his headquarters in the area where the new modern office buildings were concentrated.

Located at the intersection of Midtown Manhattan's 45th Street and Garden Drive, the building is a glass-walled, octagonal ocean-blue skyscraper surrounded by a high-end and elegant office and social area, dominated by light-colored buildings.

Behind it is one of New York's landmarks, the black and solemn Metropolitan Building, which looks particularly outstanding. Unlike a typical quad office building, the octagonal building is at a 45-degree angle to the street, with the two longer sides facing the Hudson River and New Jersey to the southwest, and the Brooklyn Bridge and Manhattan Bridge to the southeast.

On the 20th floor and above, most of the offices are exposed to direct sunlight.

Li Zhiyang was in the president's office on the top floor at this time, under the clear sky, overlooking the Hudson River and the East River, which are wide and narrow on the east and west sides of the long and narrow Manhattan Island, slowly converging at the southern end.

It's great, think about yourself in your previous life, you want to buy a house in the imperial capital, but you can't afford to pay the down payment?

If it weren't for the fact that Li Zhiyang was really on the top floor of the headquarters building at this time, looking at the Atlantic Ocean in the distance, he really couldn't believe that this thing was true

Because this used to be the headquarters of Bear Stearns, every floor here is also decorated with extreme luxury, and the office area is quite well designed.

On the first floor, there is also a flagship store of their commercial bank, and then the floors go up in turn, starting with the banking area, then the securities area, then the office area of the executives, and finally, the top is the office area where Li Zhiyang's president is located, and there is a luxurious living room

It's such a fucking cow here, and rich people really enjoy it

Li Zhiyang was very satisfied here, and Simmons, who had been with him all the time, of course also saw Li Zhiyang's look in his eyes, at this time he saw Li Zhiyang's expression, of course he knew that Li Zhiyang was very satisfied, but he still had something better to introduce to Li Zhiyang

"Okay, Mr. Li, now let's take a look at the core area of this building."

Simmons said to Li Zhiyang again, Li Zhiyang felt quite strange, how did you do it, isn't this the end of the micro-service? What is the core area? Is the core area no longer in this building?

At this time, he turned around and glanced at James, but James smiled at him very weirdly, Li Zhiyang knew that there must be something greasy in it, and he must have left the good things at the end, so let's go and take a look.

The group took the elevator directly and came to the basement floor, but when they arrived here, Li Zhiyang obviously felt the taste of paying more attention to safety.

Although there are no more people in Bear Stearns, there is still a feeling of three steps and one post, five steps and one sentry, after they get out of the elevator.

They walked through a long corridor, but along the way, they passed through several checkpoints, fingerprint checks, and iris checks.

Simmons, who was walking in front, had been tossing around on those monitoring instruments, and Li Zhiyang felt very strange when he saw it.

Where the hell is this going, is it going to Bear Stearns' underground vault Microservice?

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