First of all, it was Aristel. Darling explained, "Mr. Minister, I'm sure you also know that Barclays Bank has plans to buy the Reminmen Brothers. To be honest, we are apprehensive about this deal. ”

Because this involves the merger of foreign financial institutions, it is generally necessary to inform the domestic regulatory authorities. It's as if Huatou's Zhang Hang team took a stake in Freddie Mac and Fannie Mae, and after negotiating the price with the other party, the deal still needs to be approved by Huaxia. If Barclays wants to buy a financial institution in the United States, it will naturally have to inform the British Treasury and other institutions.

In fact, to Bob. Dimon made the acquisition of Jianyì by a former deputy secretary of the British Treasury. After leaving officialdom, he went to work in a financial institution in the United States, but his ties to the British consortium remained very close. After sensing that the Kaminariman brothers were looking for support, he decisively contacted Barclays, which had been trying to enter the US market, to make a match.

The relationship between government and business has always been so close, and this is true of any country in the world.

"Relax, my friend!" Paulson didn't pay much attention to this sentence, patiently explaining to the other party, "In fact, it is not only Barclays Bank that is interested in the Kaminmen brothers, but also Bank of America. Because of the importance of Kaminari to the market, my colleagues and I don't intend to let it go bankrupt. ”

"Mr. Minister, you can rest assured. Regardless of whether Barclays or Bank of America wins the bid, we will help them. "We're already working on a plan to help the auction winners provide liquidity." If Barclays wins the bid, we will help them as promised. ”

To Paulson's surprise, Darling did not express even the slightest sense of relief. Still in his distinctive London accent, he said: "I'm still worried about Barclays' capital situation, and they shouldn't do anything beyond their means." ”

"一qiē are all in the control zhì!" Paulson was puzzled by the behaviour of his British counterpart, and even thought that the other side was too conservative, even though they were notoriously conservative: "Don't worry, Mr. Minister. Chairman Bernanke and I are both confident in the deal. If necessary, I can keep you informed of the progress of the negotiations so that you can control the whole situation. ”

After hanging up the phone, Paulson pondered for a while, and decided that there was nothing wrong with his answer, and then returned to the conference room.

Inside the venue, Geithner was directing his aides to distribute the Kaminari Brothers' balance sheets.

"If you can't come up with a solution now, then everyone's problems will be bad." Geithner threatened without hesitation, and then he added, "It's getting worse and worse." ”

"Kaminari Brothers' cash account is out of liquid. When the market opens on Monday, if you can't make a deal, the last bit of money left will be immediately withdrawn by investors! In the midst of everyone's changing faces, Geithner continued, "All of you here have deals with the Kaminari brothers, and there is no way to close your positions in time at that time, and it may take months or even years for the Kaminari brothers to enter the bankruptcy process and realize the payment after that. So long. If your trading position cannot be closed, the result may be that the client will recklessly withdraw cash from your account. Eventually, you will be in a dangerous situation, just like the Kaminari brothers. No one is immune, if confidence collapses. ”

"I don't think so!" Goodman's Frank Van muttered rather smugly, "At least for us at Goodman, this kind of problem doesn't exist." We had long anticipated the poor financial situation of Kaminari Brothers and cut our trading positions with them early. If they do go bankrupt. I am confident that we will be able to close our positions in the shortest possible time. ”

"So do we!" JPMorgan Chase CEO Jamie Murphy. Damon smiled, his face gloating, "Our risk control department has fully estimated the financial situation of the Kaminari brothers, and their bankruptcy is far from being as strict as Mr. Vice Chairman said. We are well prepared for this. ”

The two of them went back and forth, and the words they exchanged were all schadenfreude over the Kaminari brothers' poor condition. Geithner could do nothing about it. I could only helplessly watch the two perform with each other.

Everyone here has heard about the rumors of Goodman's attack on the Kaminmen Brothers, so it is not surprising that Goodman has reduced its trading position with the Kaminmen Brothers. JPMorgan Chase has long asked Kaminmen Brothers to pledge their trading positions, so it makes sense to reduce their corresponding positions.

However, the "performance" of the two men came to an abrupt end the moment Paulson re-entered the venue. They dared to provoke Geithner, but they did not dare to be presumptuous in front of Paulson. This is because, first, Paulson is a high-powered Treasury secretary and is their biggest supporter in this subprime mortgage crisis; Second, Paulson was the CEO and chairman of Goodman before that, and according to his seniority, Belranke was only a junior, so he naturally didn't dare to make a mistake.

Although he didn't know what they were discussing, Paulson guessed something when he saw the silent room, coughed lightly, sat firmly on the sofa chair in the middle, and didn't say a word, just stared at the CEOs present.

His actions put a lot of pressure on everyone, and no one dared to gag in the subsequent meeting process.

"I need you to divide into three groups!"

With Paulson's support, Geithner gained confidence and spoke with a lot of confidence: "The first group was responsible for valuing the assets of the Kaminmen brothers, the part of the assets that they announced to be split. The second panel examines the structure of Kamison Brothers and the various Wall Street institutions, and estimates the possible losses and subsequent effects of each institution in the extreme case of the failure of Kamison Brothers, which can be used as a stress test. The third group is solely responsible for the amount of financing resulting from the results calculated by the first group, which will directly determine the share of capital to be contributed by each bank. ”

"Mr. Minister, Mr. Vice-President, I would like to express my opinion!"

Geithner's assignment has just been assigned, and Gregory Murphy, a director specializing in mergers and acquisitions at Bank of America, has just been assigned. "Our team at Bank of America just did a rough assessment of the Kamison Brothers' balance sheet. The situation is far worse than imagined. Their non-performing assets far exceeded what had been disclosed, and in addition to incurring $1 billion in losses, Bank of America needed at least $40 billion in liquidity guarantees to buy all of Kaminhamon Brothers' assets. ”

Despite knowing that the acquisition of Kaminari Brothers could require a huge amount of money, the $40 billion figure shocked everyone present. Perhaps, when the market is good, any institution here can easily raise this money from the market. But at this time and that time, no institution can take out 40 billion cash at this time.

Among the CEOs who have changed their faces, Bob . Damon's face was the most ugly, so gloomy that it almost dripped. Barclays' team hasn't finished sorting out the Kaminmen Brothers' balance sheet, but Bank of America is looking at things that are far less rosy than they had expected. However, if the rescue plan led by the Ministry of Finance can really be implemented, Barclays Bank still has a good chance, and at this time he can only talk like this.

"This is just a preliminary assessment. Because of time constraints, we have not fully and dutifully evaluated the Kaminari brothers. "Gregory. Cole shook his head and pouted, shrugging his shoulders in a helpless gesture.

"Well, if the problem was easy and easy to solve, we wouldn't need to gather so many large groups." Geithner looked at the heavy expressions of the crowd and felt the need to give them a little confidence at this time, "With so many groups, can't they save a company like Kaminarimon?" But. I must reiterate that the government will not give any more help to the Kaminhamon brothers. ”

"And what about AIG?"

Just as he finished speaking. Someone asked, "Shouldn't we talk about AIG?" Now that they are in trouble, will the government and the Fed not be able to save them? ”

It was Citibank people who spoke, but these words represented the voice of the entire Wall Street, because once they were treated differently, it showed that the article was very big. Wall Street giants need to know the rules. Beware that one day in the future, they will also be treated differently by the government.

Geithner was very angry, glared at the questioner, and said angrily, "Now it's a discussion about the Kaminari brothers, and I don't want to discuss unrelated issues." ”

But this one is called Verabek. Pante's Citi directors apparently won't give up. "Mr. Vice President, we cannot bring the Kaminari brothers out for discussion alone. You know, maybe tomorrow, the problem of the Kaminari brothers may not exist. But I don't think AIG's problems will be solved next week, and maybe it will get worse. He meant that the Kaminari brothers were bankrupt, so the question "does not exist zài".

"In my opinion, AIG's problems are still within the scope of control!" JPMorgan Chase's Jamie. Dimon had to step up and play for Geithner, "We at JPMorgan Chase are helping AIG, and so far, we're trying to figure out a solution for AIG." ”

"No, no, our people are also at AIG!" Vera Baker. Pant didn't listen to Jamie at all. Dimon's perfunctory words, "Don't forget, we also have a team at AIG, but in our opinion, AIG's situation will quickly get out of hand." ”

The two of them pointed to each other and began to quarrel about AIG's current situation, and soon broke away from their original intentions. Because so far, only JPMorgan Chase and Citigroup's investment banking divisions have been helping AIG, so no one else can intervene at all, and soon the venue will become a stage for the two.

It's just that this quarrel didn't last long, and both of them noticed that something was wrong, and they stopped arguing and sat down in disagreement. During their argument, everyone, including Paulson, had no intention of stopping them, but instead watched them "perform" with interest. Dimon and Verabaker felt like clowns. And Geithner, who was originally the object of questioning, never answered the questions about AIG positively.

Immediately afterward, a relieved Geithner began to assign tasks to the group, assigning the members of each consortium to the group, and stipulating the corresponding time, contact person, person in charge, etc. By the time the task was completely assigned, it was already late at night.

"Your team, report here at nine o'clock tomorrow morning and get to work!" Paulson concluded, "This is a matter of our capital markets and our country as a whole, as well as your patriotic responsibility." ”

"We will remember those who did not do their best!" He said one last word, and then walked out of the conference room with a blank face.

It's a threat, a very serious threat.

Except for Geithner and Bob. Damon, everyone's hearts are sinking, the psychological pressure on them from this meeting is too great. (To be continued......)

PS: Thank you to book friend Kun ^-^ Kun, book friend 131025103232773, toothless 1, and Xingxi Yuelang for voting for the monthly ticket! Thank you for the book friend's reward for this book!