Milken...... Which Milken? Tang Bao felt that the name was somewhat familiar, but he couldn't remember it for a while, so he asked subconsciously.

"Michael. Milken, Head of Bond Trading at Dechong Securities! Kate introduced, and then, in a low voice, reminded, "Recently, Dechong Securities and Milken himself have been in trouble, and his request to meet you may also be related to their current predicament." ”

"It turned out to be him!"

Tang Bao suddenly realized, and finally knew who Milken was. If you ask what happened on Wall Street in the 80s, many people will probably open their mouths and shout "Milken".

Milken's rise stems from the fact that he developed a new financial product - junk bonds, using the method of underwriting junk bonds to raise funds for small and medium-sized enterprises, making Milken a figure in the history of American finance. It can be said that without junk bonds, there would not have been a corporate buying and selling boom that swept the United States in the 80s.

Since Milken became the head of the bond trading department of Dechong Securities, he has raised $100 billion in funds, becoming the god of wealth in the eyes of many small and medium-sized enterprises and investment firms, and also increasing Dechong's share of the "junk bond" market to $200 billion.

Milken has become a well-deserved "king of junk bonds" in the United States!

The name of the God of Wealth has made his influence on Wall Street skyrocketing, and he has also become one of the most influential figures in the history of American finance.

It is not an exaggeration to say that Milken is a "god" in the field of junk bond markets!

Pity.

By the end of the 80s, Dechong Securities and Milken were plagued by various lawsuits and troubles, and the former glory was gone.

"Whew...... What happened to Dechong Securities recently? Tang Bao asked, before, his energy was focused on the gold futures war, and he was not in the mood to care about other trivial matters. Therefore. Even if there was a problem with Dechong Securities, it would be impossible for him to notice.

"Huh? The news of Dechong Securities is spreading, don't you know? Kate was surprised.

"Oh, isn't that okay?" Tang Bao shrugged his shoulders and asked with a smile. When he is not idle, he spends some time following the news in the United States. But when he decided to do something with all his might, he was not in the mood.

“……”

Kate was speechless for a while, but she had nothing to say, and after a moment of silence, she gave a general account of what happened to Dechong Securities recently. In April, Dechong Securities reached a guilty plea agreement with the government, pleading guilty to six counts, including stock hoarding for illegal gains, manipulation of stock trading, insider trading, etc., and was fined $650 million. At the same time, a new agreement was reached with the U.S. Securities and Exchange Commission to provide stricter oversight of the trading process. At the end of April, Dechong Securities announced that it would lay off more than 5,000 employees and close three trading departments, including retail trading, the core business unit of Dechong Securities...... According to the financial report disclosure. Dechong Securities has suffered huge losses for two consecutive quarters and is expected to lose $100 million in the third quarter! ”

"Oh."

Tang Bao nodded understandingly, and was fined 650 million US dollars. "What is the commercial paper rating of Dechong?"

"It's still in B class. There have been rumours in the market that its commercial paper rating may be downgraded in the near future. But even if you keep your B rating, it doesn't make much sense, in fact. Dechong Securities has become difficult to borrow money in the securities market, and banks may tighten their loans to Dechong at any time, and they are under increasing pressure to repay their debts as they mature. Kate replied. Reportedly. Dechong Securities is in frequent contact with institutions at home and abroad to find financial support. Milken wants to see you at this time, I'm afraid it's also about borrowing money! ”

"The situation at Dechong Securities is very bad, and no one wants to risk investing in Dechong Securities because investors are worried that Dechong will face an astronomical amount of damage......s in the civil lawsuit," Kate cautioned.

"Hmm."

Tang Bao nodded, Dechong's ending was already doomed, and he would definitely go bankrupt. However, he still wants to meet the "king of junk bonds" who has been galloping on Wall Street for more than ten years.

If memory serves.

Milken himself is riddled with lawsuits......

"Phew, Kate, I'm going to meet Milken, it's set for tomorrow afternoon, you can pick the location yourself." Tang Bao opened his mouth and said.

"Milken is being charged with multiple crimes, and meeting with him at this time is not a good thing for you." Kate reminded.

"I know."

Tang Bao smiled, but did not change his mind.

……

The next afternoon, at two o'clock.

Tang Bao and Kate appeared in a café in the suburbs of New York, and when they walked into the café, there were few customers inside, and the environment was quiet and unworldly.

"Hello, Mr. Tang!" Not long after Tang Bao came in, a middle-aged man with a wide forehead and deep sunken eyes greeted him with a smile.

Forthwith.

Kate hinted that it was Milken.

In this regard, Tang Bao also smiled back, he had never seen the other party's photo, but he could also conclude from the person's words and deeds that this person was probably Milken.

"Hello, Mr. Milken." Tang Bao politely shook Milken's hand and said with a smile.

"Mr. Tang, thank you for taking time out of your busy schedule to meet with me, thank you very much!" Milken thanked him sincerely.

Right now.

He is in huge trouble, no longer the Wall Street God of Wealth that everyone wants, and his original close partners have avoided him, and even cut off contact completely. Even some people inside Dechong Securities spurned and insulted him behind his back.

But.

Milken will not sit idly by and ignore the plight of Dechong because some people within Dechong Securities spurn and attack him, he has a high degree of professionalism, as long as he works in Dechong Securities for one day, he will consider the interests of the company. Therefore, when Dechong Securities was in the predicament of capital breakdown, he was still running to save Dechong Securities despite his own troubles. Frankly, he had already sought out many business partners, including the KKR Group, with which he had a long-term relationship, but all of them turned down.

What's more, they didn't give him a chance to speak at all, which directly made him eat the closed door.

Almost all of the companies that deal with Milken need to raise funds, and people like Tang Bao, who have sufficient funds, have little to do with him.

Let's be honest.

He made an appointment through Tang Bao's personal assistant, and he only had the idea of trying it, and he didn't expect to get a response so quickly.

“……”

Looking at Milken, who had been constantly expressing his gratitude, Tang Bao's face had been very calm, but he had a different emotion in his heart. Who would have thought that the former God of Wealth on Wall Street would fall into today's situation! Of course, this is not the worst of all, and if I remember correctly, Milken will face a prison sentence in the near future.

"Mr. Tang, maybe you know that Dechong Securities is in trouble, and the funds are in urgent ......" Milken did not deliberately conceal it, and directly and clearly described the predicament of Dechong Securities. He is a smart man, and the matter of Dechong Securities is big news on Wall Street, and it is difficult to hide it at all. Instead of covering up the truth and being seen by the other party, it is better to tell the truth to show your sincerity.

"Dechong Securities is the fifth largest investment bank on Wall Street, and it is very good, but it is just a few accidents that have caused it to fall into the quagmire......"

"Excellence? Perhaps, after all, Dechong Securities almost dominates and monopolizes the junk bond market. Unfortunately, the junk bond landscape has faded, and the junk bond market will perform sluggishly for quite some time! Tang Bao sighed secretly.

Arguably.

Dechong Securities' status as the fifth largest investment bank was forged by the rise of junk bonds. However, success is also Xiao He is also Xiao He, Dechong Securities is in the ascendant because of junk bonds, and it is also dying because of junk bonds.

"Mr. Tang, Dechong Securities is a very excellent investment bank, I hope you can invest!" Milken said what he was going to do.

Well.

Suddenly catching a glimpse of Kate's expression of wanting to speak and stopping, Tang Bao was slightly stunned and said with a smile: "Kate, do you have any opinion on this matter?" ”

"No, I'm just curious. According to rumors, the government waived several strict requirements for Dechong Securities in the plea agreement reached with the government, but one was very insistent on ......," Kate said hesitantly as Milken across from her.

"Yes, in the plea agreement reached between Dechong Securities and the government, it insisted that I be kicked out of Dechong Securities, and I am handing over work with my successor, and when all the work is successfully completed, I will have nothing to do with Dechong Securities." Milken said very calmly.

"Oh?"

Tang Bao was surprised and asked strangely: "Mr. Milken, please forgive me for taking the liberty of leaving, since you are leaving Dechong Securities, it seems that the life or death of Dechong Securities has nothing to do with you anymore...... So why do you need to help Dechong Securities Company that abandoned you to seek capital injection? ”

"After graduating from university, I joined Dechong Securities, and Dechong Securities has grown to the scale it is today, and I have put a lot of effort into it, even if I can't continue to stay in Dechong Securities in the future, I hope it can survive this disaster. Besides, the predicament of Dechong Securities is also inseparable from me. Milken said calmly.

Yes.

He relied on the development of a new financial product, junk bonds, which made Dechong Securities rise like a rocket on Wall Street.

The achievements of Dechong Securities are inseparable from him. He had built a powerful investment bank himself, and even if he had to leave Dechong, he didn't want his masterpiece to die.

Therefore.

Before leaving Dechong Securities, Milken was still looking for investors to help Dechong Securities get out of trouble!

"Mr. Tang, Dechong Securities is a great investment bank, and it only takes $500 million to get out of the quagmire completely. And five hundred million dollars, for you, isn't a lot......," Milken said. (To be continued......)