"Hoo ......"

Tang Bao exhaled softly, smiling silently. Shorting gold futures made him more than $15 billion, $500 million, and it was really a no-brainer for him. But even if he has money, it is the reward of hard work, and it is not a strong wind, how can he throw it out at will. Let alone...... Dechong Securities' problems are so serious that $500 million can only delay its demise, but it cannot fundamentally reverse the situation.

"Mr. Tang!" Seeing that Tang Bao was silent, Milken was slightly anxious. He just saw that Tang Bao had just made more than $10 billion from the futures market and was a real God of Wealth, so he thought of asking Tang Bao for help. And Milken also had great expectations!

"Unfortunately, I don't have any interest in the assets of Dechong Securities." After weighing it for a moment, Tang Bao calmly shook his head and refused.

Half a billion dollars?

He has!

Even if it is five billion US dollars, Tang Bao can take it out, but it depends on whether the target company has the potential for investment. Obviously, Dechong Securities has no investment potential.

"Ah...... Mr. Tang, you don't have to think about it anymore. Dechong Securities occupies an absolute hegemony in the junk bond market, and relying on this market alone, Dechong Securities' strength can rank among the top five investment banks in the United States. Dechong Securities' predicament is temporary, as long as it can raise working capital, it will not take much time to reverse the unfavorable situation. Milken continued.

"Compared with savings and loan banks in the United States, the performance of Dechong Securities is 100 times better. Since Mr. Tang dared to take the risk of buying a savings and loan bank in crisis, why couldn't he inject capital into Dechong Securities? You should know that Dechong Securities is facing today's predicament because of the government's investigation and the deliberate targeting and suppression of competitors, and now Dechong Securities and the government have reached a settlement agreement...... Believe me, Mr. Tang, investing in Dechong Securities will bring you unimaginable huge returns. Milken said excitedly. Mr. Tang, as long as you are willing to lend a hand. Tak Chong Securities will quickly get out of the predicament and consolidate and strengthen its position in the junk bond market. The reason why competitors deliberately target Dechong Securities is because they all want to compete for the big cake of the junk bond market. Up to now, this big cake has been exclusive to Dechong Securities, and I look forward to sharing this cake with you, Mr. Tang. ”

Tang Bao couldn't help but laugh in a low voice.

Admittedly.

Milken is indeed a very shrewd salesman, who used to sell junk bonds to investors, but now he is doing everything he can to sell rotten Dechong Securities to Tang Bao.

In any business, the profits after a monopoly are very staggering. Think about it, what would happen when a normal investor heard that Dechong Securities was slowly reaching a monopoly in the junk bond market? I'm afraid that even if it is clear that Dechong Securities is facing some difficulties. I can't bear to invest.

But.

There are countless investors on Wall Street, but they have resisted the temptation of monopoly returns, and no one has stepped forward to lend a hand.

Why?

That's because Wall Street investors are well aware that there is no value worth risking on Dechong Securities, and there is no need to gamble.

"As far as I know, Dechong Securities has a backlog of nearly $3 billion in junk bonds, and there are no investors to buy them. Moreover, these junk bonds are at high risk of default as the financial market environment deteriorates...... Oh, this cake exclusive to Dechong Securities. I'm afraid it's a poisonous cake! Tang Bao said with a smile.

Well.

Milken's body shook violently, and soon, it was back to normal.

"Mr. Tang, I didn't expect you to be so clear about the internal situation of Dechong Securities. That's right. There is a temporary backlog of junk bonds in the company. However, that was affected by the government's judicial investigation, and with the lawsuit over, the company would soon be back on track. Those junk bonds will also find new buyers! Milken said. Mr. Tang has no need to worry about this batch of junk debts. ”

"Really?"

Tang Bao asked with a smile.

"Of course!"

Milken patted his chest and assured that "the high yield on junk bonds will appeal to many risk-taking investors, when in fact these junk bonds are riskier to invest in." The risk of default is also very small, and there is no need to worry. After Dechong Securities gets back on track, investors will rush to get these junk bonds. ”

Rushing to ask for it?

Tang Bao couldn't help sneering in his heart, looking at the half-dead ghost appearance of Dechong Securities, a fool would grab these junk bonds.

Again.

Tang Bao pointed out the backlog of $3 billion in junk bonds of Dechong Securities, and this was not the intention. Dechong Securities occupies an absolute hegemony in the junk bond market, and its decline, in a sense, can also be said to be a high-speed development market of junk bonds, which has also declined.

So.

At the end of the 80s, the decline of Dechong Securities was not only due to his own reasons, but more to the junk bond market itself, and its golden age was over. The junk bond market is slowly declining, even on the verge of collapse.

Of course.

Declines and collapses are temporary!

The junk bond market has gone through a decade of golden age, and is declining and collapsing, but it is not going to die. It can only be said that it is readjusting and restructuring the rules of the market, and when the junk bond market makes a comeback, the market will be bigger and more mature.

Tang Bao knows very well that the junk bond market will not die, the scale will increase, the rules will be more mature, and of course the competition will be more fierce.

This is also the original intention of Tang Bao's willingness to meet with Milken. Lately, he's been quite idle, but there's no way he's going to waste his time on things that don't matter.

Let's be honest.

Tang Bao has no interest in injecting capital into Dechong Securities, but he is very interested in some of the asset businesses and talents within Dechong Securities.

Dechong Securities is going to fail, but those talents can't fall with Dechong. Without Dechong, talented people will still live well if they find a new owner.

In memory.

After the collapse of Dechong Securities in 1990, its asset business was sold and closed, and executives also gathered in groups to set up another mountain. Dechong Real Estate Company, Morgan Joseph, Bernham Financial Group, Apollo Asset Management, etc., have inherited the mantle of Dechong Securities......

Among them, Apollo Asset Management is a well-known investment company, and its investment income performance is also very good.

Of course.

Even if its investment income performance is good, it is impossible to surpass Tang Bao, who has the advantage of rebirth. For Apollo Asset Management, Tang Bao can only say that he is interested. And the talent he desires the most is precisely in front of him, Milken, known as the "King of Junk Bonds". Even if it is clear that Milken will be sentenced to prison and banned from practicing securities due to the lawsuit, Tang Bao's thirst for Milken is still undiminished.

"Hoo ......"

Tang Bao exhaled deeply, Milken's attachment to Dechong Securities exceeded his expectations, and it also made him feel a headache.

He wanted to recruit Milken under his command, so Tang Bao was unwilling to cause the other party's disgust for a Dechong Securities who was about to pass away. However, it is even more impossible to inject capital into Dechong Securities.

"Mr. Tang, Dechong Securities is an investment bank that is very worthy of investment, and if I guess correctly, you are also interested in entering the field of investment banking. Investing in Dechong Securities means that you can quickly stand at the top of the investment banking field, and you don't need to start from scratch! Milken said.

"Oh?"

Tang Bao became interested and asked with a smile: "I intend to enter the field of investment banking?" Mr. Milken, why are you so sure? ”

Hear the words.

Milken smiled confidently and said calmly: "At the end of December last year, a new Kirin investment bank was established in Japan. The investment bank's shareholders include Mitsui Bank, Mitsubishi Bank, and a mysterious offshore fund...... On the day of the establishment of Kirin Investment Bank, it was rumored that your personal assistant, Mr. Nick, attended the ceremony to celebrate the establishment of Kirin Investment Bank in Tokyo. Reminiscent of the previous Mitsubishi and Mitsui joint shareholding in Phoenix Investment Group, it is not difficult to imagine that the mysterious shareholder of Kirin Investment Bank is Mr. Tang. ”

"Since Mr. Tang intends to travel thousands of miles to Japan to expand his investment banking field, there is no reason to remain indifferent in the United States. As far as I know, the vast majority of Mr. Tang's industries are in the United States......"

"Huh. Mr. Milken, you are really a person with a heart, I didn't expect that even the news from Japan is so well-informed! Tang Bao laughed.

Say this.

It is tantamount to admitting Milken's speculation that Kirin Investment Bank is indeed an investment bank jointly established by Tang Bao, Mitsubishi and Mitsui.

In addition, Kirin Investment Bank, which is not well-known, has successfully obtained membership in the Tokyo Stock Exchange.

"Mr. Tang, Dechong Securities is one of the five largest investment banks in the United States, and investing in Dechong Securities is almost equivalent to one step to the sky, directly standing at the top of the investment banking field in the United States, which will accelerate your layout in the investment banking field. And I believe that Dechong Securities will also welcome Mr. Tang to join, which is a win-win cooperation." Milken said. Affected by the government lawsuit, Dechong's stock price plummeted, and the asset price was at the lowest level......

Alas.

Tang Bao couldn't help but sigh helplessly, and at the same time sighed with emotion.

"To tell you the truth, Mr. Milken, I have great admiration for this affection you have for Dechong Securities. However, I must say that the glory of Dechong Securities is behind us, it is like an apple that is smooth on the outside but rotten on the inside. Tang Bao shook his head and politely refused.

"Mr. Milken, rather than worrying about the fate of Dechong Securities, I think you should think better about the troubles you are facing. The charges against you in court are not simple, if you don't deal with it properly, maybe you may be forced to say goodbye to the securities industry! (To be continued......)