Barclays' wishful thinking is to divide Kaminari's assets into two parts according to the reorganization plan previously announced by the Kaminari brothers. The newly formed company will be responsible for the commercial real estate of the former Kaminarimon, and the funds raised by the consortium will partially cover this shortfall, and part of it will be used as cash flow for the new company to maintain operations.

To put it simply, it is to lend money to a new company to keep it from going out of business immediately. Because it was split from the Kaminari brothers, the loss was recorded on the Kaminari brothers' balance sheet if it went out of business.

Barclay's abacus is shrewd, but how many fools are there here? Soon they understood the joints that came over at the moment Jamie. Dimon said with a solemn face: "Mr. Klein, according to your estimates, how much money will be needed to maintain the operation of the new company?" ”

"$30 billion, or more." Michael. Klein pretended to make an estimate before he said slowly. In fact, within them, they have long had a preliminary conclusion on this number, but it has never been announced.

For Bank of America, their plan was to take all of the assets of the Kaminmen Brothers, including the commercial real estate that they had previously claimed to be restructured. $30 billion is not enough for their acquisition plans. Their previous estimate was $40 billion, but it was quickly revised to $50 billion. Now, perhaps, more is needed.

In just an instant, the Wall Street giants present decided on the best candidate for the acquisition. It can't be helped, it's going to take their money after all.

That's where Barclays' ingenuity comes in. Now that Wall Street institutions are destined to contribute, they will inevitably think more about themselves under this premise. If each company could contribute $3 billion, they would certainly not be willing to choose $5 billion.

And most importantly, it's clear to everyone that Barclays is interested in getting into the U.S. market. But Barclays is a bank with roots in Europe after all, and even if it acquires Kaminari Brothers, it is only entering the investment banking sector. The part of the commercial banks is still in Europe. Bank of America is different, if it acquires Kamison Brothers, the superposition of the model of commercial banks and investment banks is by no means as simple as 1+1.

Even to buy more time for future competition, the Wall Street giants will be more inclined to agree to Barclays' offer.

"If we need to pay $30 billion to maintain a company, then why don't we just buy it and run it ourselves?"

But there are still people who are still not satisfied. It's still JPMorgan Chase's Jamie who speaks. Dimon, "Although the Kaminmen Brothers' commercial real estate losses are serious, if the market does not continue to fluctuate, this part of the asset will recover sooner or later." When the time is right, we will sell this part of the asset, and the income will be far greater than the income from pure interest. Gentlemen, why don't we hold this company in proportion to our capital contributions, or even form a commercial real estate company exclusively? ”

Originally, these funds were only used as guarantee funds for the new company, but now according to Jamie. Dimon's statement turned into funds for the acquisition of commercial real estate in the Kaminmen Brothers. In this way, although the nature has changed. But the potential benefits are also very different.

The purpose of capital storage is to pursue profits, which is its essence. So when Jamie. As soon as Damon's statement was thrown, the eyes of the others immediately lit up.

If you can't avoid the possibility of capital contribution, then you should strive for your own interests to the greatest extent under this premise, which is the real idea of everyone here and the best strategy.

And Jamie. Dimon's words are undoubtedly the best approach in this situation.

"We couldn't agree more with the idea!" Citibank's Pandit immediately chimed in, "We can discuss the specific amount and the proportion of capital contribution." But first, we have to convince the Fed and the Treasury to agree to our plan. Everybody. I'm sure none of you have any objections to this plan, right? ”

Naturally, no one had any objections. In fact, it's more like a dip into Kaminari Brothers' commercial real estate. It's just that the market is improving, and these properties will definitely appreciate again. Of course, it may last a little longer in terms of time.

"No way!"

It was at this time that Jamie, who originally proposed this building. Dimon suddenly objected. His words took others by surprise, especially Barclays' Michael Brown. Klein.

"At current valuations, the commercial real estate of the Rehmen Brothers is not worth $30 billion at all. If you want us to come up with so much money, it's more than enough to even count the operating money. So for this transaction, the Kaminari brothers had to add a certain part of their assets. ”

Since you want to take advantage of the fire to rob, you have to go all the way to the end. Whether it's Jamie now. Dimon, or Barclays. They are all masters. The target of their robbery is naturally the Thundermen brothers, who are now mermaids on the chopping board.

Only this time Michael. Klein didn't dare to back down any longer, so he had to bite the bullet and say, "If we can, we are willing to reduce the amount of aid." But if you insist on adding other assets, I'll need to talk to the boards of directors of Kaminmen Brothers and Barclays to see which assets are a good fit. ”

"Private equity assets are good!" Jamie. Dimon didn't give the other party time to react at all, and threw his chips bluntly, "This part of the asset has poor liquidity, and the equity income changes greatly, so it cannot be regarded as a high-quality asset." But fortunately, the loss of this part of the asset is not very large, and it is worth holding for a long time. So I personally believe that this part of the assets, plus commercial real estate assets, will be the subject of our purchase. ”

"Everyone, no comment, right?"

After talking to himself for a while, Jamie. Dimon then "woke up like a dream" and remembered to ask for other people's opinions.

Although Jamie. Dimon has said all this, but it's clear to everyone in this room that private equity income is a better asset than other equity income at this time. Because if nothing else, this part of the assets will be cashed out after the target company is listed, and the income obtained will definitely be greater than the investment income.

Jamie. Dimon also wanted other assets, but after thinking about it seriously, he decisively rejected the idea. First, Barclays may not be willing to let go, and some assets are not necessarily suitable for long-term holding, but Kameman Brothers' private equity is quite good, and because of the ability to liquidate, it will be considered a chicken rib. So after a little thought, I felt that I would swallow this part of the whale.

"Of course, it would be better if that was the case. Or Jamie is thoughtful! In the blink of an eye, Citi's Pandit agreed. While he agreed, he was also secretly surprised in his heart, this CEO of JPMorgan Chase is really amazing.

With the statements of the two banking giants, it is natural that other institutions will not say anything more. After all, it's a good thing to earn them future gains. Even if it is possible to increase investment, it is spread out to everyone, and each family does not contribute tens of millions or hundreds of millions of dollars, which is nothing at all for the funds that have already contributed billions of dollars.

After listening to the statement, Jamie. Dimon then turned around and said to Michael with some condescension. Klein said, "Mr. Crane, what do you say?" ”

"This ......" Faced with this unexpected situation, Michael. Klein was already blushing with anxiety. He wanted to inform Bob. Dimon, but it was too late. But if he can't make a decision because he can't prevaricate, it is obviously impossible for the people present to let him go.

Thought and thought, Michael. Klein decided to dismiss Jamie. Dimon's decision is because for Barclays, giving up the private equity assets of the Rehman Brothers means the loss of a large amount of potential earnings, a responsibility that he cannot afford. "Gentlemen, your mention yì I ......"

"Agreed!"

Didn't wait for Michael. Klein said what was in his heart. A voice rang out suddenly, and two men walked in through the door, Paulson and Geithner.

Everyone had a straight face, no longer having the casual and relaxed posture just now, and they straightened their bodies one after another, and looked at the US Treasury Secretary and the Vice Chairman of the Federal Reserve with solemn faces.

"It is said that someone is not going to fund the rescue of Kaminarimon?" Paulson looked around the room. There was no sadness or joy in his expression, and there was no wave in Gujing, but the words he said made people shudder, "If anyone wants to quit at this time, just stand up." ”

Everyone felt the anger in Paulson's words. No one dared to take the lead at this time. Although everyone knows that this rescue operation is similar to crowdfunding in nature, it is completely voluntary. But if he really wants to understand it this way, then his consciousness is really too low.

"Mr. Minister, the situation you said is not true!" In the silence, Jamie. Dimon stood up and replied, "We were still debating how much money to use to rescue the Kaminari brothers. ”

"Oh?" Paulson looked at Jamie with a strange look on his face. Dimon glanced at him and asked with some curiosity, "Jamie, are you discussing the rescue of the Karimon brothers?" Tell me, how much money are you going to raise to save the Kaminari brothers? ”

"$30 billion!" Jamie. Dimon was a little smug in saying a number, but the next moment he changed his tune and said, "No, it's $33 billion, which is the total amount that we all negotiated together." So far, though, we haven't reached an agreement. ”

"What's the trouble?" Paulson's brow furrowed, clearly dissatisfied, "What the hell went wrong?" God, you still haven't done it yet? ”

Although he gave the crowd two days, it was clear that Paulson wanted them to reach a deal right away.

"It's a problem with Barclays!" Jamie. Dimon decisively burned the flames of war to Michael. "We want to use the money to buy the commercial real estate and private equity assets of Kamemen Brothers, but Barclays doesn't agree. ”

"Is that so?" Paulson was already very upset, squinting his eyes and looking at Michael with an unkind face. Klein, "Do you know the consequences of that? ”

"Not really!" Michael. Klein's head shook like a rattle, "Mr. Minister, I also just learned about this mentions, and I need to ask my boss Bob. Dimon please, please give me five minutes. ”

After saying that, without waiting for Paulson's consent, he hurriedly took out the phone from his bosom and dialed Bob. Damon's phone, not forgetting to turn on the speakerphone, "Hey, Bob, where are you?" I'm in a little trouble here. ”

"What's the trouble?" Bob. Damon's voice was excited, and he didn't notice the abnormality in Klein's voice at all, "I just had a conversation with Dick. After Fude talks, this guy will still stay on the board after we fully buy it. This guy is pretty much the spiritual pillar of the Kaminari Brothers. ”

"Bob, Bob, I'm in the conference room right now, and the CEOs, including Treasury Secretary Paulson, are listening to our conversation!" Klein hurried to stop Bob. Dimon spoke, "Jamie. Dimuntiyy, who financed the acquisition of the business assets divested by Kaminmen Brothers, plus the assets of private equity. Now everyone is waiting for our reply, yes, everyone. ”

"Our answer is, yes!"

Bob. Dimon only hesitated for a moment, then said decisively. He naturally knew that the "everyone" that Klein reminded also included US Treasury Secretary Paulson.

At such a time, no one dares to go against Paulson's will, Bob. Dimon is no exception. (To be continued......)

PS: Thank you book friends 130529205827136 and tsnkscrj for voting for the monthly pass! This book has not been very good this month, I hope to get more support from book friends later this month, thank you~!