Chapter 67 Consortium Disputes

"It wasn't enough, I heard that Walker had come back from Europe and wanted to meet with me as soon as possible. Pen ~ Fun ~ Pavilion www.biquge.info" Little John tilted his head and stared at Jamie Dimon for a long time.

The latter suddenly realized, "He's also eyeing Lehman Brothers?"

"Of course! Citigroup, which has more than $120 billion in indirect or direct senior debt and related loans, is eager to get rid of the garbage that could plunge Citigroup into bankruptcy, and Lehman Brothers will be their best umbrella. Little John said nondeniably, while pointing to the table with his hand, "I want to know, how long will it take for us to withdraw our guarantee money from Lehman Brothers?"

Lehman Brothers is an investment bank, and JPMorgan Chase is also an investment bank, the two have ties and cooperation in many businesses, as a capitalist investment will never be put in a basket of risk-averse moves, JPMorgan Chase on the eve of the financial crisis, a large number of senior bonds through secret channels to Lehman Brothers, and provide pledged assets.

"We currently have $12 billion worth of collateral at Lehman Brothers, of which only $4.5 billion is contractually available at any time, and $7.5 billion is unavailable in the short term. "Jamie Dimon is so familiar with the data that he just opens his mouth.

John Jr. shook his head, "No, we can't keep these funds in Lehman Brothers' hands, on the contrary, we must get them all back immediately so that we can avoid losses." ”

"But other consortia will never agree to us doing this. Jamie Dimon was a little puzzled, knowing that Lehman Brothers was not a small bank.

As the fourth largest investment bank in the United States, they have total assets of more than $630 billion, and are jointly controlled by a large number of American financial groups such as JPMorgan Chase, Citigroup, and Express Company.

Do not doubt that this financial turmoil itself was provoked by the capitalists because of excessive greed, but after the outbreak of the crisis, all the capitalists did not hesitate to use any means to ensure that their wealth was not lost, and in this case, Lehman Brothers' excellent assets of about 150 billion US dollars were divided up by several major consortia and stuffed into the junk bonds in their hands.

In the past four months, a number of consortia, including Citigroup, Morgan, Rockefeller, and Clearland, have remitted about $100 billion worth of bad debts to investment banks headed by Lehman Brothers through this means, which successfully led to the collapse of Bell Investment Bank due to poor management.

Of course, the above-mentioned financial institutions themselves lack vigilance, resulting in too few good assets in their hands, which in turn leads to junk bond losses, total assets decline, and the company's cash flow is cut off, which leads to the tragic end of bankruptcy and liquidation.

But more often than not, on the eve of the crisis, a number of consortia joined forces to sweep away all the high-quality assets they pledged in the above-mentioned investment banks, and immediately cut off the loans of the above-mentioned investment banks after the fact, which led to the further exacerbation of the crisis.

Now, the big conglomerates have minimized their losses, but small and medium-sized investment institutions and individual investors have paid for them.

Hearing Jamie Dimon's shirk, John Jr. waved his hand and said, "They'll agree, because they do the same." ”

Jamie Dimon was a little puzzled, John Jr. smiled and explained, "If you can bite these companies, it will be clear that their board of directors is already starting to pass on their losses to these big investment banks, and even Mr. Bernanke of the Federal Reserve has already said to me, the US federal government will never contribute a dollar to rescue these investment banks, let alone provide them with guarantees, because once Lehman Brothers survives, then we will pay for the losses of these junk bonds." Otherwise, these losses will be passed on to the market and shared equally among all investors. ”

"It's horrible, and I can't imagine how angry the entire American people will be when the news gets out. Jamie Damon said extremely heavy in his mouth, but the expression on his face was a little indifferent, and because of the same method, they couldn't be more familiar with it after all these years.

In short, the capitalists who have the right to speak will never watch their interests be lost in vain, and even the United States is helpless about it, because those who can call the shots are all supported by the consortium, and many of them are also involved in these investments, and it is time for them to protect the consortium for their own interests.

Little John slowly lit a cigar cigarette, not caring at all how many people's blood was contaminated in this cigar, anyway, it wasn't his own, "Rockefeller is already transferring the assets of the New York City Bank, and through this series of means, they will eventually strip all the assets, and once they can breathe a sigh of relief, coupled with the hundreds of billions of dollars of cash flow support from Orange Technology in the future, we may continue to be crushed by them at that time, so I am ready to snipe them." ”

"You mean, we are in the way of making Citigroup's private plot public?" Jamie Dimon was a little confused, this kind of thing can be big or big, small or small, of course, it is to make Citigroup's plot invalid, but people are not easy to mess with, when the table is overturned, everyone can't eat meat, but provoke a body of sao.

Little John glanced at him speechlessly, "How is it possible, if these are lifted, then the public will not know everything, I mean, slow them down as much as possible, let this bomb explode in Citigroup's own hands, it is best to make them anxious and unable to deal with it." ”

Jamie Dimon was even more embarrassed, he frowned and asked, "But our main focus now is on how to avoid losses, some hidden things involve our great energy, and then free up our hands to deal with Citigroup, I'm afraid it will cause unnecessary trouble!"

"That's why I'm introducing you to a natural ally. Little John put down the cigar in his hand and said incomprehensibly, "Don't worry, I won't put myself in danger in order to hit my competitors, this time we will deal with Citigroup, and there is a natural ally to rely on." ”

"You mean Amex?" Jamie Dimon thought for a long time, thought about it, and felt that this ally was more reliable, because the big conglomerates are now fatty, and Lehman Brothers is the most critical company in the plan to kill investors.

But the control of this company is in the hands of Amex.

Under the pressure of many consortia, in order to transfer the losses of their own companies, the Express Company was forced to open its mouth and admit that the consortium stole the high-quality assets held by Lehman Brothers, and they also received some corresponding compensation.

But compared with Lehman Brothers, which had total assets of more than $600 billion at its peak, once it goes bankrupt, Amex may have to bear tens of billions of dollars in investment losses on its books. (In fact, it has been compensated by major consortia, and the losses are almost negligible)

In addition, in the process of cooperating with Orange Technology, Citigroup made an obstruction, resulting in the loss of five percent of the shares of the company, of which three percent were sold to Citigroup and two percent to the company, which made many shareholders of the company dissatisfied, because the five percent of the shares could be worth tens of billions of dollars in the future, and Citigroup and Morgan only took out billions of dollars to buy out this part of the stock at one time.

"Of course, I kept an eye on them, and finally found a very interesting result, that is, Amex is privately in contact with Li Mubai, the boss of Orange Technology, and they seem to be plotting a very big plan, including Intel and Qualcomm, four technology and financial companies, are mobilizing about $10 billion in funds, ready to join forces in the futures market and the stock securities market; just a few days ago, the chairman of the US Securities and Exchange Commission, Sinkoss, told me that his subordinates have found unusual moves in the capital market, about more than $1.5 billion, is successively shorting Citigroup's stocks and securities in the next two months. I told him to keep quiet. Little John's face suddenly became very serious.

He got up and called Jamie Dimon aside, and whispered, "The Eastern countries are also involved this time, and I preliminarily estimate that their total capital will exceed 30 billion US dollars, and such a big operation must have extremely critical intelligence support in their hands, otherwise they would not have started a gamble so rashly." You know what I mean?"

"However, the group's funds have been very tight lately, and we have to leave enough money to deal with the market crisis to avoid falling into a crisis. Jamie Dimon felt a little incredible, knowing that Citigroup's total assets and net worth surpassed JPMorgan Chase, and at the helm of JPMorgan Chase, he deeply understood that such a giant company would never be easily defeated.

Even today, when the financial crisis is intensifying, how can Citigroup, which has not made obvious mistakes, be manipulated by these people?

"We don't need to leave too much money behind, you know, once Citigroup does fall as we expected, then JPMorgan Chase will naturally become the only sought-after financial group in the stock market, and we will be favored by investors, in that case, do we need to leave a lot of reserves?" John Jr. is not a risk-taker, but this time he is ready to take a plunge because he sees the best time.

Citigroup and the Rockefeller consortium behind it have lost about $15 billion in cash in the financial turmoil that has spread across the United States, and their banking group has lost $26 billion in deposits, and their losses are magnified every day.

Although it still looks very strong, in the face of the increasingly dangerous external situation, Citigroup's nerves have been tensed to the limit, and their cash reserves have continued to decline, even to a very tense cordon, and further down, it may explode like a bomb that has been detonated.

Although Jamie Dimon couldn't understand how little John's confidence came from, he also had a faint impulse of his own, after all, Orange Technology, Intel Group, Amex and Qualcomm, plus the allies of the Eastern World, they had too many hole cards, and if they could make a desperate move, then they must have the key evidence enough to make Citigroup have no power to resist.

He tried to compromise and said, "Can you let me go and find out their hole cards first?"

"No, I believe this is a once-in-a-lifetime opportunity, because the total amount of money they use will tell us the truth of this thing, and no one is going to try it with billions or tens of billions of dollars. John Jr. said with a smile that he was already planning to take some of the group's reserves out of the group's reserves to follow up on the shorting of Citigroup.

After all, this was the established strategy of the Morgan consortium, which took the opportunity to weaken its competitors in a crisis, so as to force competitors to focus more resources on recovering themselves after the crisis broke out, so that the Morgan consortium could take the opportunity to wave a check to pocket most of the high-quality companies and make a lot of money.

Jamie Dimon felt that this was a bit of a child's play, because he rashly used more than a billion dollars to deal with his enemies, but did not get any accurate information, which was simply extremely irresponsible for the investment, he wanted to persuade him, but was stopped by John Jr., "Do you want to let this news fly all over the sky, and finally make Citigroup vigilant and fill their loopholes?"

"So what should I do? If there is no accurate information, there will be many hidden dangers if such a large amount of money is rashly invested. "Even for the Morgan consortium, which has total assets of more than $10 trillion in funds, financial companies, investment banks, etc., the responsibility for more than a billion dollar investment failures is not something that ordinary people can be held responsible for.

What's more, Jamie Dimon is only the head of JPMorgan Chase, and the net profit of the entire group will not exceed $45 billion per year, which is a rash loss of more than 1/30, and the shareholders of the group are bound to hold him accountable.

"Okay, I'll get in touch with them privately, you know, for Citigroup's layout, it's not just a financial problem, it's a problem that involves the upper echelons of the Federation, if they're not stupid, they'll have a choice to move closer to us, because we are the only ones who can compete with Rockefeller, and for the sake of the dollar, I'm willing to pay some price to help them realize their plans." Little John looked at the scenery outside the window, but his eyes revealed endless killing intent.