Chapter 151: Intrigues

"Are you kidding me?" Jamie. Damon laughed angrily and asked unceremoniously.

"No!" Geithner sternly retorted, "Stanley's fate is hanging by a thread, and if you don't save it, Goodman will be doomed, then General Electric, and then you giant banks." Remember, by saving Stanley, you are saving yourselves! ”

"Nonsense! Sling the bull! "Jamie. Damon was so angry that he didn't know what to say, just cursed vigorously. It took a long time for him to regain some of his senses, and he softened his tone and said, "We have done our duty to buy Bear Stearns, how can you still let us buy Stanley?" ”

The CEO of JPMorgan Chase may have realized that his words might have angered Geithner, so he had to plead in a low voice. But Geithner didn't listen to his explanation at all, and directly left a cold sentence "I'll let John. Mark calls you" and hung up.

Jamie. Damon trembled with anger, and was stunned for a long time holding the microphone, unable to say a word. Of course, even if he could say anything, there would be no audience at this time.

He didn't know what to do!

The same scene happened in the top office of Citibank. Dimon like, Robert. Rubin was also helpless. He seems to have no good way to resist this apportionment by the government.

"John, how's your situation going?"

Unlike the hard-nosed Citibank, Jamie. Dimon has more control in the hands of the Fed, so even if he is furious, he will have to bite the bullet with John. Mark called, "I've heard that the Chinese are interested in you, and their team has arrived in New York, is that true?" ”

"Yes. We're talking to them! "John. When Mark received the call, he still didn't understand that it was Geithner's mediation that worked, and he was naturally overjoyed. But where could he have thought, Jamie. Dimon had been calling this with a sense of resentment, when he heard that John. Mark's words, the anger in his heart was poured on a pot full of hot oil.

"But the Chinese are very cunning. We don't intend to pay a premium for our shares, so we plan to look for foreign help. "John. Mark didn't hear the displeasure in the other party's words, and still explained to himself, "Jamie, we need a loan that is not too much, so that we can take the initiative in the negotiations. ”

"How much do you say you don't need much for a loan?" Jamie. Damon suppressed the anger in his heart, and tried to pretend to be flat, "If it's not a lot, I think we can help!" ”

"Really? If so. That's great! "John. Mark was even more happy, and blurted out without thinking about it, "$30 billion in capital credit." No, $20 billion is fine! ”

"What?"

Jamie. Dimon suddenly felt that his eyes were dark, and he almost fainted, "$20 billion, that's still not too much?" ”

In the current economic environment, no commercial bank can provide a $20 billion credit line. Don't say anything else. With a little more money, you might be able to buy Stanley. In this case. How could any commercial bank be willing to lend such a sum of money?

Moreover, Stanley is currently riddled with scandals, and is the focus of the market like Goodman, and may go bankrupt one day. In this case, such a large sum of money is almost the same as being placed in a crater. Jamie. Where is Damon?

"Since the Chinese people are rich. So why don't you ask them for help? "Jamie. Dimon hurriedly said, "$20 billion is not a small amount, and even with the help of the Federal Reserve, it is impossible for JPMorgan Chase to come up with so much money in a moment and a half." The Chinese are a sovereign wealth fund. What they have is money. Don't you understand, John? ”

"Of course I do!" For Jamie. Dimon's perfunctory, John. Mark obviously felt unhappy, but his eyes were stronger than people, and he could only continue to explain with dissatisfaction, "Jamie, the situation is like this, the Huaxia people intend to give a huge amount of credit in exchange for our concessions on the stock price, which makes me unbearable. If I can get additional financial credit, I don't need to look at the eyes of the Chinese people, do you understand? ”

"I understand, I understand it too well!" Jamie. Dimon already understood the other party's strategy, and he was even more dissatisfied. He was very unhappy that Stanley was actually planning to drag himself into the negotiations, and he was afraid that Geithner would also be kept in the dark about this matter, but in this case, he found an excuse to refuse to assist Stanley, "But John, have you ever thought that if you can't find additional funds to extend credit, does it mean that you intend to accept the conditions of the Huaxia people?" ”

"What?" Now it's John's turn. Mark was shocked, he never thought that the other party might refuse the will from Washington, before he knew very well that it was Geithner who put pressure on the other party, and now it seems that the other party does not intend to implement the official will, which makes him not know what to do for a while, and stammered back, "Jamie, this is ...... How is this possible? You...... Are you planning to reject Geithner's offer? You know how to do it...... Consequences? ”

"The consequences?" Jamie. Dimon chuckled and said nonchalantly, "Of course I'm well aware of the consequences. But John, do you know your consequences? ”

"Of course I know!" Facing Jamie. Damon's soft and hard don't eat, John. Mark was also a little anxious, and viciously left a sentence, "Isn't it just sold to the Chinese people?" If it's urgent, I don't care who is British or Chinese, as long as I can keep Stanley alive, I don't care who bought it! ”

"Since you said so, there's nothing I can do about it!" Jamie. Dimon has achieved his goal, so naturally he will not continue to talk nonsense, "But I can give you a viable plan to transform Stanley into a holding commercial bank model, so that maybe it will not be difficult for you to obtain financing in the market." But to get this money from us, I can only say sorry! ”

"Holding commercial banks?" John. Mark's eyes rolled for a long time, and he asked suspiciously, "Can you tell me what the benefits of this are?" ”

Although he is the CEO, he does not know many details. In particular, there is a big difference between the business of investment banking and commercial banking. Mark had to ask.

"Of course there are a lot of benefits!" Jamie. Dimon said, "Walk by the way." "If it's a commercial bank, you can borrow from the Fed through the rediscount window openly. As you can see, so far, the big commercial banks don't have liquidity problems at all, and that's what the Fed is protecting us. There are other bad things though, but now you. Is there anything bad else to consider? ”

"What's the bad part?" John. Mark didn't seem to be bewitched by the other party, and still calmly asked, "I need to think about it thoroughly, Jamie, what is the bad part?" ”

"A lot!" Jamie. Dimon's nose fluttered slightly, a little reluctantly, but he had to say, "If it becomes a bank holding company, Stanley will be regulated by the Federal Reserve." The payment of the core capital margin is subject to various laws and regulations. This kind of operational regulation is probably not something you would like to see. ”

"I need time to think about it!" John. Naturally, Mark would not reply rashly, "But if we turn into a bank holding company, will we be able to solve the problem of liquidity?" Can you be sure about that? ”

"Of course!" Jamie. Dimon said without hesitation, "As long as this happens, you will immediately become the object of the Fed's protection." Know that even now, they are trying to protect you. But they can't provide funds directly to you. But if you become a bank holding company. They can pay you a large sum of money in no time. That's right, a lot of money! ”

John. Mark is intrigued!

……

"Stanley is said to be in contact with JPMorgan Chase."

Gao Dongfang's temporary office. A staff member leaned over and whispered in his ear, "The news is from CNBC, I don't know if it's true or not." But there is no doubt that the U.S. government is said to be pressuring big financial institutions to help companies like Stanley and Goodman. ”

"Really?" Gao Dongfang was originally pretending to sleep, but as soon as he heard this. He immediately straightened up, his eyes bursting with a terrifying essence, "Gao Yuan, what do you mean?" ”

The staff member named Gao Yuan replied with a frown: "Originally, I was very skeptical about the truth of this news. But at this time, it may have been a negotiation strategy on Stanley's side. But there's a catch. If this qiē is true, it will be a great threat to us. ”

"If it's true, then Stanley really has a different heart." Gao Dongfang's brows also furrowed, and he silently calculated in his heart, "If that's the case, we can test it." ”

After saying that, he took the phone out of his arms and dialed Jamie. Dimon's phone, "Hi Jamie, hello, I'm Gao Dongfang from Huaxia Investment. ”

Jamie over here. Dimon just hung up John. Mark's phone received a call from Gao Dongfang, and he sighed in his heart, the other party came so quickly, "Hi, Gao, are you okay?" I heard that you guys are buying Stanley, is that true? ”

At times like these, Jamie. Dimon was well aware that the news of his contact with Stanley would not be kept secret for long, but here he and John Stanley. Mark had been in contact, and Gao Dongfang had found him over there, and this speed still made him sigh: there is really no secret at this time.

"It's true, I'm at Stanley's headquarters!" Gao Dongfang didn't mean to deny it at all, and bluntly admitted his intention, "But Jamie, I heard that you are also interested in Stanley?" How's that, how about we work together? ”

"Cooperation?" Jamie. Damon's head didn't understand what was going on for a moment, "Cooperate with Stanley?" ”

"Not bad!" Gao Dongfang continued to probe tentatively, "If you are really interested, JPMorgan Chase will provide funds for credit, and we will contribute capital to acquire their equity, and we will discuss the equity ratio afterwards." If you're interested, we might as well continue the discussion on this issue. ”

Until this time, Jamie. Dimon finally understood the other party's intention, and immediately laughed and said, "Gao, you are really too cautious. Frankly, we don't mean anything to Stanley. Rest assured, we will not be involved in your plan to buy Stanley. ”

"Really?" Gao Dongfang confirmed again and again, "But Jamie, if you are really interested, we can really cooperate." ”

"We're really not interested!" Jamie. In order to dispel the other party's concerns, Dimon had to repeat, "If you really plan to buy Stanley, just let it go." JPMorgan Chase will not be your enemy. ”

"In this way, it is our regret that we can't cooperate with JPMorgan Chase." Gao Dongfang still didn't give up, "I heard that Citibank's Pandit is also interested in Stanley, I wonder if we have any room for cooperation with them?" ”

Seeing that the people of Huatou were still looking around, Jamie. Dimon shook his head secretly, knowing that he didn't explain the situation, and the other party was not giving up, and said happily at the moment: "I have talked to Pandit, and their co-chairman, Robin, and they are not only not interested in Stanley, but also in Goodman. ”

"It's a shame!" Gao Dongfang hung up the phone hypocritically, "They can't run away this time!" (To be continued......)

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