"Dear II, why did you miss this time?" asked Edward Sr., still sitting behind his desk in his Wall Street office, looking at his son curiously. Pen, fun, pavilion www. biquge。 info

"It's normal to have losses and gains. Li Xu spread his hands.

"Don't you pride yourself on seeing through the fog of the future?" said old Edward with an eyebrow.

"Do you have to believe the boasting of young people?" Li Xu asked rhetorically, "Dad, you called me from Boston, shouldn't it be just to talk about this? ”

"So eager to go back to San Francisco to be with your lovers?" asked Edward Sr. again.

"Yes, can't you?" Li Xu spread his hands again.

"But your intended wife, who is sitting outside waiting at this moment, and you haven't done her all yet, is it appropriate to take her to your lovers now?" said old Edward, gesturing outside.

Li Xu didn't speak immediately, just clasped his hands and looked at his father with dissatisfied eyes.

"Okay, let's look at this. Seeing this, my father stopped rambling and handed him a document.

Li Xu immediately flipped through it, the document was slightly thick, there were dozens of pages, and it took more than 20 minutes to finish it, and it was still very difficult to read. But I finally understood it, after all, these were all things he had mentioned.

"Do you have to write the terms of these documents so complicated?" he grumbled.

"If not, how are we going to make money?" said old Edward.

"Since it's for me, it's easier to see. Li Xu snorted.

This document is the terms of the formed CDO and the composite CDO, and it is clear that the formal conditions have been made within Da Mo - but maybe it is just an adjustment made by Daddy's small group, so it is somewhat interesting.

"If you can't read it, it means that the people below have a good design. Edward Sr. shrugged.

"Is this a compliment or a belittlement?" Li Xu twitched the corners of his mouth.

"So," said old Edward, deaf ears, "what do you think can be improved?"

"Change it until I can't understand it," Li Xu snorted again, but quickly changed the subject, "If you say that, you have internal ...... The die is cast. ”

"I didn't say that. Old Edward also sent his shoulder again.

"Okay, I see. Li Xu smiled and didn't mention this again, just by the gesture of his father, he knew that it would not be long before the CEO of Da Mo would be replaced.

So, the tone must be tight.

However, this does not seem to be in line with Da Mo's style, a garbage bond has not seen them act for so long, and now it is taken out and come up with such detailed CDO terms...... Wait a minute!

"I remember that a week ago, the Wall Street Journal reported that Lehman Brothers was developing new businesses, and there seemed to be a sentence mentioning mortgage securitization......" Li Xu narrowed his eyes.

He started reading newspapers when he was a teenager, and even now at Harvard, he still hasn't stopped, even if he doesn't like English newspapers very much. No way, it's a world without the internet - even n has just been established - and only information can be collected through newspapers and television sets.

Of course, even if a lot of information is vague and the key things are hidden between the lines, you can still guess something by comparing the information on Daddy's side.

"Oh, that," said old Edward, with a relaxed look, "we're going to talk about the CDO, and we're going to leak some information." And CDO is not a complicated thing, the key is inspiration, with inspiration, it is very simple to complete it, so it is normal for them to play this. ”

Actually, you want them to go out and shoot the first shot, right? Li Xu had the urge to cover his forehead. In another time and space, it was the Solomon brothers who were the first to eat crabs on the CDO, and then because they were too bad, the internal struggle was also very fierce.

Several of the deals that contributed to the Solomon brothers, such as Howie Rubin and Steve Baum, all moved to other places in the course of development.

Lewis Lanieri didn't leave, but he famously said, "If it weren't for the fact that I could do whatever I wanted here, I would have quit a long time ago!"

It can be seen how distorted it is internally, so it began to decline within a few years of glory, and was hit several times by the Securities and Futures Commission, and no one pulled them, and finally collapsed because of the illegal bidding for treasury bonds in 91, and was acquired by Citi a few years later.

Then, after forming a scale and being complete, it was divided up by several major investment banks.

Although I don't know if Da Mo secretly pushed the Solomon brothers to bring about their own demise in another time and space, Li Xu knew another gossip. Schunk Securities, which Michael Milken owns, was originally a subsidiary of Da Mö, but it was separated in the 50s, and it seems that they have nothing to do with each other, but who knows what is actually going on?

When Henry Paulson was Secretary of the Treasury, he did sell off all his Goldman Sachs shares, but who would believe him to say that he was not a Goldman Sachs?

And after Milken was imprisoned, guess who's the biggest junk bond underwriter? That's right, Morgan Stanley.

So Li Xu is quite unhappy, intellectually speaking, bankers are the right way to make a fortune quietly, and the more happy they dance, the easier it is to be targeted, but this is not a trend? Do you know, there are rumors a few decades later that Da Mo is Goldman Sachs' dog? !

Of course, no matter how unhappy he is, he can't change this fact, and ...... Could it be that Lehman Brothers was killed and bought in '90, but Salomon Brothers survived until '08?

As soon as he thought of this, Li Xu didn't say much, shrugged his shoulders and stood up: "If there is nothing else, I will leave, and I will accompany Dina to visit Fifth Avenue." ”

"Oh, and this, take a look at it too. Old Edward then handed over another paper.

This one is much thinner, only four or five pages, and Li Xu only took a few minutes to read it, and then he was a little surprised: "You have already done it?"

"It's not quite done yet, and the consequences of their investment will take a little time to fully play out, and it will only be easier when the time comes. Old Edward didn't care.

Li Xu originally wanted to say something, but his father must be smarter than himself, and he should have considered it, so he just asked, "You plan to give this to Murdoch as a gift." ”

"It's just a gesture of goodwill, it's nothing. Old Edward said lightly.

Well, it's your business to get News Corp anyway. Li Xu didn't say much, nodded and was about to leave.

"II. Daddy stopped him suddenly.

"Huh?" Li Xu turned around.

"You know, I've always supported you," old Edward put his elbows on the table, crossed his hands in front of him, and looked at him without blinking, without any expression, just at him calmly.

"Of course I do. Li Xu raised his eyebrows.

“…… As a father, I hope that no matter what you do, you must make some achievements. After a long silence, my father said.

"Got it. Li Xu smiled and was about to leave, but stopped again.

"Honestly, if you're going to talk like that in the future, remember to grow a beard and wear a pair of glasses that reflect light. He said this in a slightly flirtatious tone.

Old Edward didn't answer, just looked at him and waited.

"That way, I'll probably remember it a little longer. Li Xu finally said this, and then waved his hand and left.

Old Edward remained silent, and waited for the door to slam shut, before he took a cigar out of the drawer, cut off the cap, and burned the cigarette for a moment before putting it to his mouth and lighting it.

After enjoying it for a while, he sighed: "The child is an adult, and it can't be worry-free." ”

------

Li Xu didn't know what his father was thinking, but even if he knew, he didn't care, their family was like this, as I said before, grandfather, father, mother and himself were all awkward when expressing their feelings, and Eleanor was probably the only one who was more normal.

Anyway, as long as you move forward step by step, the idea of CDS is not useful, and many companies have not yet been born, if it is not born because of the butterfly effect...... Whatever, I'll talk about it then.

"I've kept you waiting, Dinah. Coming to the lounge, Li Xu greeted Diana, who was wearing a beige suit, and she was flipping through the magazine.

"It's okay," Diana immediately stood up happily, "it's settled." ”

"Of course," Li Xu bent his arms, "let's go." ”

It is not an easy thing to accompany a woman shopping, even if Li Xu's physical strength is more abundant than ordinary people, it is not just a matter of saying that a woman will incarnate into another form when shopping.

But he still persevered, anyway, Diana ran from England because of his invitation, how should he say it?

Besides, if you want to coax a woman, you have to spend energy, Pan Donkey Deng Xiaoxian, one less is nothing, and two less is a little troublesome, after all, he is the one who opened the harem.

This visit was an afternoon, and I didn't buy much things, just three or four bags, four clothes, two skirts, and three pairs of shoes. Of course, if it weren't for Diana realizing that it was Li Xu who paid the bill, three or four bags would definitely not be enough.

"You're my girlfriend, what's wrong with buying something to give your girlfriend?" At the reserved seat at Jean George's restaurant in Manhattan, Li Xu shook the wine glass in his hand and said with a smile.

"There's nothing wrong with that, it's just ......," Diana pouted, "I'm a little embarrassed." ”

Although she said this, the joy in her eyes was very obvious, and she looked very playful.

"That's it, next time you go shopping, when you pick it out, I'll say to the boss, it's all here, so you can't refuse if you want to." Li Xu said with a grin.

"Eddie!" Diana gave him a blank look.

"Just kidding. Li Xu raised his hands.

The phrase "all-inclusive" is applicable to some women at all times, and to all women at some times, but it is not applicable to Diana, who is still very naïve at this time, otherwise he would have called it that.

Soon the appetizers arrived, and the two clinked glasses and began to talk about other topics, before moving on to Diana's work.

After she said some jokes about the naughty mischievous girls in the kindergarten with a smile, Li Xu asked, "Dinah, have you ever thought about changing jobs?"