Chapter 119: "Time Is Running Out"

When the Koreans left, Zhong Shi immediately got the news from Jiang Shan's mouth, although the news was expected, but Zhong Shi still did not expect that Min Yusheng would use this way to reject the Kaminami brothers. But after thinking about it again, it is indeed possible for the strong national self-esteem of the peninsula country to make Min Yusheng do such a thing, but it is just a pain for the high-level people of the Kaminari Brothers, and they can't figure it out, why did the other party suddenly feel greatly stimulated and leave?

Similarly, the news of Buffett's rejection of the Rehmen brothers also reached the ears of Soros and others for the first time, which made him ecstatic. Originally, Soros and others were not completely sure that they could convince Buffett, but the facts gave him a big surprise. Without Soros's help, basically the Kaminari brothers only have half a life left, and they are not allowed to be plundered by these short sellers at will?

Indeed, in the following weekend, the news about the loss of the Kaminari brothers to save the lives of the Korean consortium gradually spread, at first it was just market speculation, but soon more details were revealed, and in the end even Buffett once wanted to sell the Kaminari brothers, Dick. The news of Fude's fainting was also leaked to the outside world, which caused an uproar in the market.

For the bears who are desperately short the Kaminari Brothers, the past weekend really made them break out in a cold sweat, and they didn't dare to imagine that if Buffett really made a move, what kind of position would their position on the Kaminari Brothers face! A tragic situation. Thankfully, none of this happened, but even so, Dick. Fude's ability to fight desperately under the siege of many hedge funds is also an eye-opener for them.

It was the realization of Dick. Fude's tremendous energy, and soon the tone of the market to short the Kaminari brothers began to change, from the previous attack on the Kaminari brothers' internal financial situation to the dick. In terms of concerns about Fude's personal health, short sellers are well aware. If at this time Dick. Fude fell, and the Kaminari brothers were afraid that they would completely lose the power to fight back.

……

"Nonsense, actually saying I have a heart attack?" Dick. Fude looked indignant and said with a sneer, "It's just nonsense, why don't they say that I have lost my mind." Can't be the chairman of the board of directors of Kaminari Brothers anymore? In this way, their purpose is all achieved! Hmph, these damn vultures will do whatever it takes to achieve their goals, and it seems that the SEC's interview didn't work for them. ”

Dick. Fude was only momentarily angry, and then he fainted, but fortunately, the secretary found out in time, and he was observed in the hospital for twelve hours, after a qiē index was normal. He got back to work. At this time, he simply did not have time to rest.

Regarding the SEC's interview with the short seller, it was written by Dick. Fude personally reported it to them. Of course, he didn't have any real evidence. The SEC recently summoned a group of hedge fund managers to ask them if they had any irregularities in the process of shorting Remman Brothers, and naturally these people flatly denied it.

Originally, this trick was Dick. Fude intended to use it together with the acquisition, and the effect of the two superimposed on each other was definitely more than a simple 1+1, but what he didn't expect was. His own sale of double "insurance" turned out to be out of order, and this was the scene of fainting.

How did he know. He has long been targeted by the consortium of two giants. Now all the self-rescue measures he has made have been secretly obstructed, so even if he uses all his strength, it will be difficult to save the Kaminari Brothers, a giant ship that has overturned.

"These rumors are simply insignificant, as long as you make a few appearances, I believe they will disappear quickly." Herbert. McDart said slowly, "Dick. There are two crucial issues that need to be resolved: one is that JPMorgan Chase has asked us to provide $5 billion in collateral, either tomorrow or the day after tomorrow; The second is the financial statements for the third quarter, which currently result in a loss of more than $5.4 billion, even if the write-downs are included. The loss is also expected to be more than $2.8 billion. Once these numbers are announced, how can they be explained to the market? ”

"What?"

Even if I just heard rumors about myself, Dick. Fude still maintained a good demeanor, but fought back with cold words. But as soon as he heard McDaunt's two news, he immediately couldn't sit still, and immediately took the case, "Is JPMorgan Chase crazy?" Does he want to persecute everyone to their deaths? ”

Dick. Fude was shocked and didn't believe what he heard, and asked the company's chief financial officer, Ian Brown. Howitt, "When did this happen?" How could JPMorgan Chase do that? ”

Because Irene. Karen gets caught in the middle of a leak door in Dick. At Fude's behest, she was completely marginalized, and soon the female executive disappeared from the management of the Kaminari brothers. She was succeeded by Ian. Howitt, a conscientious financial officer. Although his fame is not too great, this benevolent brother is a talent cultivated by the Kaminari brothers, and his loyalty and sense of identity with the Kaminari brothers are far from Erin. A professional manager like Cullen can compare, so Dick. It didn't take much effort for Fude to propelle him to the CFO throne.

"Yes, sir." Ian. Howitt's face was extremely ugly, "A week ago, John. . . Hogan called me and asked us to add $5 billion in collateral. Because they hold our trading position, which is around $10 billion, after hearing rumors in the market, they believe that the deal is very risky and therefore need us to endorse those positions. ”

John. Hogan is the Chief Risk Officer at J.P. Morgan and is responsible for risk control for positions in J.P. Morgan's Investment Banking Division. When he realizes that JPMorgan's trading position is at risk, it is only natural for him to step in to reduce the risk.

"It's been a week?" If you don't listen, you just listen to Dick. Fude was even more furious, "I didn't know about this kind of thing until a week later?" Oh my God, is this still a company where I am the chairman? Didn't anyone think to report something so big to me? ”

At the end of the day, Dick. Fude's concern was not that he was mortgaging assets to JPMorgan Chase at such a time, but that his control over the Kaminari Brothers' internal situation began to spiral out of control. This made him very dissatisfied, and he took this opportunity to deal with Ian. Howitt was furious.

"Calm down, Dick."

While everyone was looking at each other, Herbert. McDart had to stand up and say. Ian had a reason for doing this. In fact, I've already communicated with JPMorgan after the notice from the JPMorgan side. In addition to asking for a delay, I also told them that we were in talks about the sale and asked them to be patient. Originally, I thought that as long as the sale plan could be achieved, this qiē would be solved, but now ......"

Speaking of which. He didn't go on. But the meaning has been expressed very clearly, and now that the sale has failed, the problems that had been suppressed immediately resurfaced.

He looked at Herbert with great meaning. McDaunt and Ian. After Howitt, Dick. Fude finally calmed down, held his head and thought for a while, "There is only one way to do this, and that is to delay as much as possible." At the same time, we had to find a way to put pressure on JPMorgan to abandon the idea of mortgaging the property. At the worst of all, let them not pledge such a large amount of assets. ”

"I'm going to personally communicate with their chairman and the Fed officials about that." Dick. The more Fude spoke, the more confident he became, and the whole person unconsciously exuded a powerful aura, which made the other board members present feel an inexplicable peace of mind, which is where his personal charm lies, and he will never retreat half a step when he needs to take responsibility," in addition. Regarding the financial statements for the third quarter, first of all, let's talk to the outside world. Let them have a clear expectation of our upcoming losses. In addition, we must take action again to make surgical changes to the company in the fastest possible time, so that the Kaminarimen brothers can get out of their current predicament. ”

"Dick, according to you, do you already have a plan?" Despite Dick. Fude spoke impassionedly, but Herbert. McDartt had no confidence at all. You know, he will say these empty words, but they don't help the actual situation at all.

But since Dick. Fude was able to say such a thing at this time, and naturally it could not be without purpose.

"Of course!" Dick. Fude confidently replied, "Don't forget, if we really fall into a situation from which we will never recover. I believe that the Fed will definitely take action, have you forgotten the lessons of Bear Stearns? Even a rotten company like Bear Stearns ended up selling for ten dollars a share, which is not a small amount, gentlemen. ”

At the current share price of Kaminari Brothers, they are only a measly $15, which is almost one step away from $10. However, compared with Bear Stearns, the Kamison brothers are far superior to their opponents in terms of business level and asset scale. So even if the mess ends up really out of control, the Karemon brothers can still turn to the Fed to clean up the mess. So Dick. Fude wasn't too worried.

The most important point is that by this time, Dick. Fude still didn't think the Kaminari brothers were hopeless, and the word bankruptcy didn't even come to his mind once.

"On the occasion of the release of the third-quarter financial statements, we have one more thing to announce." Dick. "Divest the company's non-performing assets, completely restructure the existing assets, and inject high-quality assets into new parts, so that we can sell them for a good price." ”

Strictly speaking, this was the idea proposed by the Korean consortium at the time. Fude happily refused. But after a day in the hospital, Dick. Fude's view has changed 180 degrees, because the Kaminhamon Brothers' real estate assets and other toxic assets are not divested, and the entire group is likely to be dragged into it.

In addition to continuing to look for buyers in the market, the Kaminari brothers are also imminent in their own restructuring. Even if necessary, management may once again wield the broadsword of layoffs. But these people never thought about reducing their own pay or bonuses.

……

It's just that the number one problem facing the Kaminari brothers right now is not what they discussed at Sunday's board meeting, but the overwhelming media coverage of the Kaminari brothers at the moment. Because of the rumors of the Korean consortium and Warren Buffett, the Kaminham Brothers, who were already on the cusp of the storm, were pushed to a new peak by public opinion, so that the covers of all American financial newspapers on this day were about the Kaminmen Brothers, and CNBC TV station even sent a special interview car to stop at the headquarters building of the Kaminmen Brothers to track and report the news of the Kaminmen Brothers 24 hours a day.

Naturally, all of these reports on the Kaminari Brothers were pessimistic and negative, and the Wall Street Journal made a shocking headline: The Kaminari Brothers' days are numbered! (To be continued......)

PS: Let's keep up the update! I hope that this month will have a smooth life, this book will achieve good results, everyone please continue to support a lot, and if you are temporarily leaving, please come back as much as possible, thank you very much! By the way, I would like to thank the book friends for the monthly votes, the ginseng Yangrong, the knife and the oil, the Weiting, and the cold heart Haitao, and thank the book friends for the heavy reward of the time breeze, and thank James for the evaluation votes of the five Wukong! R1292