Chapter 69 Capital Profit-seeking

"Mr. Li, it's really hard to meet you. Pen & Fun & Pavilion www.biquge.info"

In a villa in the rural suburbs of Maryland, Jamie Wearmont, chairman and president of JPMorgan Chase & Co., smiled and reached out to light a cigar for Mr. Li.

After the latter took a puff, his smile was a little hazy in the smoke, "How can it be, it's just that President Dimon is too slow to work and usually has no free time." ”

Jamie Dimon smiled, and then continued, "Mr. Li, I also know that you are very busy on weekdays, so I came this time, to make a long story short, we JPMorgan Chase hope to be able to catch Mr. Li's express train and make money together." ”

"Hehe, Mr. Jamie is so humorous! When it comes to making money, who doesn't know that JPMorgan Chase makes more than $40 billion in profits every year. Li Mubai snorted, secretly thinking that if you want to join in, you can join in, how can it be so easy.

Even if he had the intention of Lamorgen joining the gang to block the gun, he would not sit idly by and watch the billions of dollars of profits being taken away for no reason, otherwise no matter what he does in the future, will a large group of people surround him and ask to join the gang?

Grubb, chairman of the board of directors of the Amex Company, who was accompanying him, said with a smile, "That is, who doesn't know that the JPMorgan consortium at the helm of JPMorgan Chase is the premier super consortium in the entire federation, and the total assets under your control are more than 20 trillion US dollars, this number, even if it is 10,000, I can't compare!"

"Those are just assets managed on behalf of investors, and they can't be taken seriously. Jamie Dimon smiled, but he was secretly vigilant in his heart, knowing that although these two had the intention of forming an alliance, there might be a big difference with Morgan's expectations in terms of benefit distribution, but it was right to think about it, in the face of billions of dollars in profits, if it was necessary, otherwise few people would take the initiative to spit it out.

"The assets under management, Mr. Jamie is too modest!" Li Mubai put down the cigar with a smile, and said in his heart, "What about the liar, all the funds and investment companies under the Morgan consortium can earn tens of billions of dollars in commissions just by managing financial management and value-added services for investors every year, plus the part intercepted from it, it is simply a daily income, is it more comfortable to make money in this world than to use other people's money?"

But he won't say it at the moment, after all, there is a common enemy between him and Morgan, and there is a basis for cooperation.

Grubb was not surprised by this, knowing that it was not so easy to reach an agreement when it came to cooperation between two capital groups, and he was used to it anyway, so he just used it as a chat.

Jamie Dimon didn't care, but flattered, "It's not that I'm modest, but no one in front of Mr. Li dares to boast that he makes a lot of money." In the whole United States, who doesn't know now, Mr. Li is a real master of business, just a single share of the American branch of Orange Technology, before it was listed, was subscribed for 5% of the shares with 6 billion US dollars, and I admired this very much. ”

Ordinary people are touted like this, most of them are smiling, coupled with Jamie Dimon's identity, it is even more difficult to find the north, but Li Mubai is very human after all, and he is just a pleasure when he hears the words, and he leaves it behind at will, "Mr. Jamie, don't tout it like this, if it's a friend, let's talk about it openly, after all, I've been friends with Mr. Morgan's little John for a long time, if there is a chance, we can get together, maybe we can become friends." ”

Jamie Dimon didn't know the deep meaning of his words, and his spirit was shocked when he heard this, "That's great, I'm sure little Mr. John will be very happy to make a distinguished friend like you." ”

Then he said, "Of course, I believe that we will be good friends who talk about everything, after all, I came with the sincerity of the entire Morgan consortium." ”

"Really?" Li Mubai reached out and picked up a glass of red wine from the table and shook it casually.

Grubb also cheered up, because he knew that the next words would involve the individual interests of each of them involved in the plan, and if they could not talk to Morgan properly, then their interests would inevitably be affected.

The worst result is that the alliance led by Li Mubai and the alliance led by Morgan are hostile to each other and fight separately.

Although in the financial market, this seemingly godly move will not bring much bad results, everyone can eat according to their abilities.

With the nearly $20 billion raised by Li Mubai, even without Morgan's joining, tens of billions of dollars of profits can be stolen from Citigroup, but without Morgan's joining, once the news is revealed, it is likely to be countered by Citigroup's First Group, and at a critical juncture, the US Federation, which is influenced by the Rockefeller consortium, may not intervene.

Even without too many means, an executive order promising to guarantee the repayment of Citigroup's debts can make the technology alliance led by Li Mubai lose tens of billions of dollars in profits, and even Morgan in turn is on Citigroup's side, which may cause losses in a short period of time.

After all, to a large extent, even with the most accurate evidence and judgment, it will not necessarily be profitable.

The risks and charms of the stock market are here. A small action may be over-interpreted, and a good policy will also have a great impact on the psychology of investors.

The reason why Li Mubai was able to conclude that Citigroup's recession was inevitable was largely due to the fact that Citigroup had more than one-sixth of Citigroup's net assets in its hands because of the total scale of junk bonds and non-performing loans that were not known to ordinary people, and in order to reduce losses and avoid a collapse during the financial crisis, they also deliberately falsified, and what is even more excessive, they tried to pass on this part of the losses to ordinary investors.

It is this key intelligence that makes Li Mubai dare to put all the chips on it, because at the most critical moment, Yuntong will decisively make this kind of behavior public, and when the scandal of losses and pass-through losses is exposed, Citigroup will be difficult to argue, and investors will definitely frantically pour into Citigroup to withdraw their deposits, and do not hesitate to sell their shares to reduce their losses.

It's like the last straw that breaks the camel's back, and the rope that hangs them is the one that the capitalists behind Citigroup sell themselves.

There is nothing more ironic in the world, if Citigroup does not do this, at most it will fall into a certain recession, and when the financial crisis is over, the market slowly recovers, and their reputation is still there, and it will naturally be favored by investors again. But once the news of fraud and passing on losses to investors is exposed, then the only way for Citi to go into bankruptcy and liquidation is to wait for Citi.

Among them, Morgan's attitude is very crucial, if they are willing to coordinate communication with the federal government to avoid the Rockefeller family dominating, then Li Mubai's plan can be carried forward logically, and after the fact, 20 billion US dollars can be put aside from the part of the financial leverage, and the maximum profit will exceed 40 billion US dollars.

However, if the Morgan consortium is unwilling to participate and oppose the technology alliance led by Orange Technology, then the plan will face many variables, such as the Rockefeller consortium lobbying the US government, and Morgan votes in favor, then the US Treasury Department and the Federal Reserve will not sit idly by and watch the first Citigroup, which has total assets of more than $1 trillion and manages nearly $5 trillion of US investors, collapse and go bankrupt.

Jamie Dimon also knows the mystery, so he stands here, very confident, "We are here to help you, the tens of billions of funds recently mobilized by the technology group entered the stock market to short Citi, this news they don't know for the time being, but I believe they will know sooner or later." ”

"Of course, from the beginning to the end, I never thought that such a big operation would go undetected. But this has nothing to do with the cooperation between us, everyone comes out for the dollar, and Morgan can make a price as much as he wants. Li Mubai said indifferently, with this ability, it may not be so easy to extract teeth from his hand.

Jamie Dimon didn't care, and said straight, "Mr. Li is refreshing enough, in that case, I won't say much, the Morgan consortium can cover for Orange Technology's actions, and even when Rockefeller asks the Federal Reserve for help, we can also authorize the three eastern reserve banks to cast a clear negative vote, so as to delay Citigroup's bailout policy, cause panic among investors, and facilitate your actions." ”

"I'm afraid that's not enough, as I understand it, the federal government is now in talks about Lehman Brothers, and the Fed proposed earlier that the federal government would come forward to guarantee that investors wouldn't default on their debts, but you forced the bankruptcy proposal for your own benefit. In other words, capitalists are all profit-seeking, and if there is no profit, will you be so kind?"

Of course, Li Mubai knows the dirt in it, but in fact, the expansion of the financial crisis is nothing more than the fact that the upper class of consortia and capitalists are unwilling to bear the losses of credit bond bankruptcy, and they feel that ordinary investors are the best scapegoats, so they simply push and pass on most of the losses to ordinary people, so as to avoid their wealth being reduced.

It is clear that Lehman Brothers will not be the first to suffer, nor will it be the last.

The capitalist game played by Lehman Brothers will soon affect every enterprise affected by the financial crisis, including banks, industries, financial investment institutions, etc., as long as it will cause the capitalist to suffer losses, they will try their best to keep warm and force the federal government to make concessions.

In the final analysis, the federal government is the spokesman of the capitalists, and they will not allow the big bosses behind them to have a crisis, so at the beginning of the matter, the Fed was able to discuss for 30 days in order to save the market without any follow-up, this is by no means that the Fed does not know the seriousness of the matter, nor that they will not save it, but to free up time so that the capitalists have enough time to complete the debt transfer.

As a result of this delay, the financial crisis suddenly deepened, from a small number of necrotic junk bonds that could not be repaid, to the entire financial market, and some companies that were still able to operate suddenly found that their corporate financing channels were artificially closed.

Panic is spreading, the monetary system is tightening, and all the banks are frightened, and they are even more afraid to lend for fear that their investments and loans will not be recovered.

Soon after, companies that wanted to stay afloat began to struggle, which further exacerbated the panic in the market, and investors began to sell off the depreciating bonds, but only intensified, because there was no longer a receiver.

When the price of bonds rises to an unprofitable point, or there is only a small profit, the capitalists see that they can't play anymore, or the risk is too high, and it is easy to lose themselves, so they decisively choose to smash the plate, and continue to change the vest to play next time.

This is the most crucial factor for Bear Stearns to not be rescued, because rescuing Bear Stearns is tantamount to giving up the interests of the capitalists to protect the interests of ordinary investors; the same is true of Lehman Brothers, ordinary investors may have far more bonds than the capitalists own, but they do not have the right to speak, and the capitalists who have the right to speak want Lehman Brothers to bear their losses, so that they will not go bankrupt, and do not see that the various consortia are stealing high-quality assets from Lehman Brothers in large numbers and starting to replenish their own strength?

Jamie Dimon, who personally participated in the division of Lehman Brothers' high-quality assets, does not need to use too many weak words to explain, because this is the truth, he spread his palms, "It's normal, this is our way of doing things, no one cares about their life or death, our bones flow with the blood of the pursuit of profit." ”

"This also includes the fact that one day when the profit I give is lower than that of my opponent, you will also make a move on me, especially at this time, I don't believe that the conditions I offer will be more tempting than what Rockefeller proposed, so what prompted you to choose me?" Li Mubai does not believe that there is a pie in the sky, he is nothing more than raising about $20 billion to short Citi.

JPMorgan Chase can enter the market and make a lot of money even if it doesn't work with them, so why would they even come to their own alliance?

"Because we want the whole First Citi. Jamie Dimon bluntly threw out his hole cards, the reason why he is so confident is because the several companies jointly united by Li Mubai cannot make a final sound in the mainstream American society at all.

Whether it is Intel, Qualcomm or Amex, although they are the top in their respective fields, but looking at the entire United States, they are not considered decision-makers, and at most they can have a voice on matters involving their own industries. Morgan is different, if Citigroup can be successfully bankrupted this time, then the first Citigroup, which has lost the favor of investors and lost stable cash support, will definitely fall into a great crisis, and Morgan can take the opportunity to complete the acquisition of high-quality assets, or even swallow this behemoth in one bite.