PS: I originally wanted it to end at the beginning of the month, but the new book got stuck and dragged on until the end of the month. Pen, fun, and www.biquge.info

"You mean, JPMorgan Chase is willing to work with us against Citigroup?"

Li Mubai felt a little incredible, but he thought it was normal, because in the face of interests, even his own brothers can turn their faces, let alone one or two partners.

Grubb, chairman of the company, nodded and said, "Yes, Jamie Dimon hopes that we can make an appointment to meet in person, face to face, what do you think?" ”

Grub now regards Li Mubai as his cash cow, and basically does everything he wants, as long as it can bring him a steady stream of profits.

"Don't you have any other statements within the company?" Li Mubai was a little puzzled, JPMorgan Chase made a move against Citigroup in order to seek a leading position in the financial industry, but many shareholders within Yuntong are not also shareholders of Citigroup?

Grubb stretched out his hands, indicating that he couldn't figure it out, "I don't understand it very well, maybe many of them think that the current Yuntong can bring them more profits, plus the shares of Lehman Brothers in the hands of Yuntong have already compensated for the loss of their shares in Citigroup, so many people are not very anxious, or they don't care about Citi at all." ”

"Can you be specific?" Barrett, who was sitting next to her, pondered for a moment, and felt that it was better to figure it out, so that these people would not do anything bad from it.

Grubb sorted out his words and said solemnly, "I can understand their thoughts, just a few days ago, at the company's shareholders' meeting, as a major shareholder with more than 0.5%, all attended the meeting, of which about 12 foundations and 62 individual shareholders expressed their satisfaction with the current situation, of course, I did not put the matter of shorting Citi on the table." However, some wealthy people have judged through other channels that someone is deliberately shorting Citi, and they have not expressed too strong opposition, and have asked Amex to strictly investigate the matter of interbank lending recently, making it clear that they are ready to wait and see. ”

"It's impossible, who can have so much power to force these people not to help Citi?" Barrett was curious, because as a co-shareholder of Citigroup and Amex, Citi's total assets are more than eight times that of Amex based on the current market value of the two companies, and if Citi goes bankrupt, the shares in their hands will become worthless.

Grubb was also very puzzled, "These are not things I can understand, but according to my understanding, although the shareholders who own the shares of Yuntong also own the shares of Citigroup, they are relatively few, and the 12 investment funds only own less than 4% of the shares, and the natural person shareholders own no more than 3%. And I've heard that they've recently been looking to get in touch with Bank of America, which has shown some interest in these stocks. ”

"It seems that something must have happened that we don't know about, and there must be a more energetic consortium entering the market, and they have already communicated with these big conglomerates that own Citigroup, perhaps they are ready to join forces with Citi to force the latter to bear the losses of this financial turmoil. Li Mubai thought about it for a while, maybe he felt that this was the truth of the matter, but he didn't have more data on hand for analysis, so he could only put it aside.

When asked about trading, "By the way, how much of our recent short money has been invested?"

"At present, the total scale of funds raised is 2 billion US dollars each invested by our three companies, and at present, the three of them have put in place about 4 billion yuan together, invested less than 800 million yuan in the stock market, and only swept 600 trading orders in the securities market, together with a figure of less than 500 million US dollars. The $6 billion or so provided by you and Huaguo is basically in place, but there are not many VAM agreements available in the securities market, and many people are waiting and seeing, while in the stock market, they are buying 170,000 and 140,000 contracts at $34 and $36 respectively. ”

Grubb has basically shifted his focus to the stock market these days, and he has also made contact with Cousins, the chairman of the US stock market, who seems to be deliberately letting go of his short-selling behavior against Citigroup.

Li Mubai was even more surprised when he heard the news, "What's the matter, I don't remember anyone of us who could influence Cousins' decision, wasn't he still speaking last week to conduct an internal review of special transactions in the stock market?"

"That's true, about 200 of the 3,600 accounts we opened were on the U.S. stock exchange audit list and were temporarily frozen from trading authorizations. ”

"I don't know, but I can provide a very point-in-point piece of information that JPMorgan Chase & Co. recently appears to be pulling out its own collateral from Lehman Brothers, which is worth more than $6 billion. Grubb seemed to remember a situation and made a point to say it.

Li Mubai only felt that a certain thought in his mind was suddenly opened, "Wait, you said before that President Jamie Dimon of JPMorgan Chase wanted to meet with me?"

Grubb nodded, "yes! He said it to me at the Lehman Brothers shareholder meeting, and I wondered why he didn't say it on the phone." ”

"That's when he was worried about the news going to leak, and I'm pretty pretty sure now that JPMorgan Chase has decided to join forces with us to play Citi, and what they want is the hegemony of the financial industry, and what we're after is profit, and that's not a conflict. Li Mubai finally understood.

Why has Citigroup not reacted until now, you must know that this is an abnormal transfer involving tens of billions of funds, in the past in the securities market, Citi's future decline is only tens of millions of dollars per day.

But recently, it has suddenly risen from the original 10 million US dollars to hundreds of millions of US dollars, and within two months of Li Mubai's valuation, Citigroup's stock price has fallen from the current 37 US dollars to 10 US dollars or even lower, so the profit of each hand will exceed 2700 US dollars, and these hundreds of thousands of hands will be conservatively estimated to reap more than 800 million US dollars in profits.

This is just the beginning, if Li Mubai's layout is all successful, the second and third phases of the capital entry, all in the $30 or more pending orders to short, then the final investment of more than $20 billion, can acquire nearly 6.6 million hands of stocks (excluding any financial leverage), if calculated according to the total profit before tax, will exceed $17 billion in income.

Such a large amount, even if it is scattered in two different markets, but at the same time for one company, then the market changes will be infinite, especially when the market is leveraged by 10 times, there is no reason why Citigroup should not be aware of the rumors.

Now it seems that the JPMorgan consortium behind JPMorgan Chase has intervened in the market and is constantly covering up the truth of the matter, they may have bought out some key people within Citigroup, and then used the asset preservation and transfer of Lehman Brothers investment bank to interfere with the sight of Citigroup's upper echelons.

After all, the latter is preparing to transfer more than $120 billion of junk bonds and non-performing loans within Citigroup as much as possible, and at such a time, it is inevitable that it will relax its vigilance against the stock market.

What's more, even if they knew, they wouldn't pay too much attention to shorting billions of dollars, because once Citigroup's plan to transfer losses is completed, then they will have full control over the price of their own stocks, because the market is not blind, and investors will not rashly short a company with good performance and profitability, which is tantamount to giving money to the company's shareholders.

"If JPMorgan Chase is involved, I'm afraid we will have a fair share of our profits. "Barrett's first consideration is not whether things will work out, this is an obvious thing, even JPMorgan Chase can't help but enter, then they must have the certainty of victory.

In this case, it would be hellish for Barrett to welcome outsiders in, isn't it obvious that he is here to snatch the spoils?

"My personal opinion, if the Morgan consortium is really willing to join, then it doesn't matter if you share some profits, after all, behind Citigroup stands a huge Rockefeller, and they have power that we can't easily resist. Grubb felt that it was okay, after all, the combined strength of several of them could only be regarded as average in the United States.

Not to mention the revenge of the top ten consortia, even if the small and medium-sized consortia retaliate with all their might, it is not something they can resist.

After all, Li Mubai, who is the most valuable of the four, is only emerging in business now, as long as Orange Technology does not complete its control of the smartphone market for a day, then he will have to be pressed by the consortium for a day, because whether it is financial resources, or the foundation of the federation, and the relationship between state legislators, Li Mubai cannot compete with the consortium.

Even if the U.S. federal permission for Orange Technology to enter the U.S. market for sales under pressure from a consortium of technology companies would be of little use.

Because each state has its own laws, if the consortium asks them to set up barriers to the entry of Orange Technology's products, then the development of Orange Technology will inevitably be affected.

This was one of the conditions that Citigroup forced Li Mubai to sign the cooperation agreement, that is, Citigroup was responsible for lobbying state legislators in exchange for their support for Orange Technology's products and sales.

After thinking about it comprehensively, Li Mubai nodded and said, "We welcome this kind of friend who is strong and understands the rules, after all, we don't have much strength to fight against these huge consortia, only when our strength is strong enough to a certain point, can we say no to them!"

"Well, it's up to you, but I'm worried that the JPMorgan consortium has too much appetite, after all, Citi is a super bank with more than a trillion dollars of money under management, and once JPMorgan Chase completes the overall acquisition of Citi, this may create a new trust. Barrett never doubted Morgan's appetite, which has the largest total assets under management in the world, with more than $6 trillion in total bank savings alone.

How could such a supergiant be willing to play a supporting role?

Grubb was frightened by his speculation, and said uncertainly, "Probably not, even if JPMorgan Chase wants to enter at this time, we just have some private competition, and we can get the list they can buy through bidding, and in the end, with the 300,000 hands we currently have, it should be able to increase tenfold in the future, which is nothing more than two equal shares." ”

"Yes, money is inexhaustible, and to be able to get half of the expected profits of this operation is success, and we can't eat the whole Citi. Li Mubai didn't want to rashly turn his face with the Morgan consortium, after all, he had already offended a Rockefeller, and if he offended the two top consortiums in the United States, his road might be much more difficult in the future.

Thinking of this, he decisively waved his hand to interrupt Barrett's doubts, and said to Grub, "Where is the place where you and Jamie Dimon agreed?"

"In my private villa, in Maryland, if we get there now, we might be able to have dinner together. Grubb looked at his watch and said with a smile.

"Then arrange the plane, I need to rush over immediately, are you going?" Li Mubai turned his head to look at Barrett.

Although the latter cares about his banknotes, he knows better that at such a time, it is best not to let the other party see his actions clearly, in order to avoid being discovered by Citigroup, he shook his head and said, "I won't go, anyway, I only occupy one-tenth of the funds in the middle, and in the end, there will be no shortage of my share, you can talk on my behalf." ”

"Don't worry, we've been working together for so long, can I still deceive you?" Li Mubai stood up, patted him on the shoulder, and said with a smile, " With Morgan involved, even if Rockefeller retaliates afterwards, it will not hit us directly, let them mess with Morgan, and when they both lose and come back, we have completed the accumulation of funds, and when the time comes, Orange Technology, which occupies the global market, plus Amex, Qualcomm and Intel Group, will form a new technology consortium, and no one will be able to deal with us easily!"

"Of course, I have no doubt about it, so let Morgan stand in the foreground and get Rockefeller's attention." Barrett didn't know whether he was moved by his true feelings or his ambition, but he was no longer resistant to it.

At the same time, at Morgan's headquarters in New York, John Jr. is also discussing with Jamie Dimon what to pay attention to in forming an alliance.

"He made an appointment for the evening, you go today, don't stay, I'll wait for you in New York at night. Little John looked at the time, and it seemed that it was almost over, and the place where it should be instructed was also instructed, and he got up and prepared to send him.

Jamie Dimon hurriedly waved his hand, "No need, sir, I'll go early and come back early!"

"Well, remember, let them come up front, unless we get the most share. Little John nodded reassuringly and waved goodbye to him.