For the deal that Belranke Van and Lewis made privately, Dick. Fude was completely kept in the dark, and he was still carefully preparing for the deal with Bank of America, which Paulson had personally helped him in. How did he know that the outcome of the negotiations between the Kaminmen brothers and the Bank of America had already been sealed.

Because it was a private transaction and not very ethical, both Belrankfan and Lewis chose to keep their mouths shut, so even the most powerful people on Wall Street did not know what was going on behind the scenes. The best they know is that Paulson is brokering Bank of America to buy Rehman Brothers.

Soros is such a powerful person.

"In addition to the Kaminari brothers, Merrill Lynch is not in a good financial position either, and their CEO Sain has been moving around a lot lately to find money in the market." John. Paulson said lightly, "They're in trouble, too." However, it seems that it is not as strict as the Kaminari brothers, but if the Kaminari brothers fall, I am afraid that the focus of the market will soon turn to them. ”

This is the weekly strategy meeting of the "Soros Group", which mainly discusses the various news related to their short targets in the market over the past week, looks for useful news or clues, and then formulates corresponding strategies based on these things.

In addition to the Rehman Brothers, the short-selling targets of the "Soros Group" have expanded to Merrill Lynch, Stanley and Goodman. The current position is as high as $5 billion 700000000000000000000000000000000000000000000000000000000000000

It has to be said that this is a crazy plan, because this move offends almost all the investment banks on Wall Street, and these short sellers are more or less implicated in these institutions. Therefore, in the whole process of shorting, whether it is Soros or Paulson and others, they are strictly confidential and do not leak any information to the outside world.

The reason why the short share is not increased. That's because according to their estimates, $5 billion is spread across four companies, each around $1.2 billion, and this kind of strength of short selling is a slow sell-off that doesn't attract much attention from the other party. You must know that the market is now in a stage of rumors, and the management of many companies is watching their own company's stocks day and night. For fear of being targeted by the bears and becoming the next Kaminari brothers.

and David. Compared with the high-profile style of Einhorn and others, Soros and others are the real predators in the market: they are like the most clever assassins, quietly hiding in unknown corners, and when everyone forgets about them, these "assassins" give each other a fatal blow at the most paralyzing moment, as fast as lightning, as fast as a shock, and then quietly disappear. Hidden merit and fame, leaving only conjecture in the sky.

"Don't worry about Merrill Lynch for now, the problem of the Kaminari brothers is a little tricky." Kenneth. Griffin's tone was a little anxious, "Now that the share price of Kaminhamon Brothers has fallen below $10, based on our previous position, we are now making at least more than $2 billion in profits." The question is, if Bank of America steps in and the takeover is successful, where is the expected share price? Whether we should close the position now. Or do you wait until the acquisition is successful to give back some of the profits? ”

There was silence, and no one answered his question. Because no one knows the answer.

"We don't know exactly how much the Karemon brothers have toxic assets, and according to Einhorn, these assets are not reported to the balance sheet in a timely manner according to market valuations, which is a very big concern." Griffin waited for a long time, and when he saw that no one spoke, he could only continue. "Now they are the only ones who know the real financial situation, but they can never be expected to disclose the real situation. Maybe we'll be able to wait until they release their third-quarter financial statements, but I guess by that day, I'm afraid the Kaminmen Brothers' stock price won't even reach $5. ”

"We have to make a decision by the third quarter. Because Bank of America could be successful at any time. If the two parties reach this deal, we won't have time to wait for the third-quarter financial statements of the Karemon Brothers. ”

Finally, Griffin said categorically.

"Are you sure the message is true?"

There was silence for a long time, Julian. Robertson couldn't help but ask, "George, is it true that the news you said was that Secretary Paulson ordered Bank of America to buy the Kaminham Brothers?" ”

Because this matter is important, so Julian. Robertson must be sure again. Generally speaking, it is difficult for the will of the Treasury Secretary to be violated by Wall Street, but the proportions are controlled by Wall Street itself. If the order from Washington was a tactful persuasion, Wall Street didn't necessarily buy it. But if the tone is stern and the intent is clear, then Wall Street will have to weigh the weight. Of course, for senior officials who are about to leave or leave office, even if the tone is harsh, I am afraid that the effect will not be very good.

The current president of the United States will step down in January next year, and Secretary Paulson and others will follow suit. But at this time, no one dares to follow Secretary Paulson's words, because the whole of Wall Street needs liquidity support, whether it is insurance, investment banking, or commercial banking, the larger the institution, the more liquidity it needs. So from this perspective, it would be difficult for Bank of America's management to go against Secretary Paulson's will.

But on the other hand, the operating conditions of US banks are improving day by day, and even the second quarter statements have turned a profit, at least from this point of view, the urgent need for liquidity of US banks is not as strict as the outside world thinks. But once the Kaminari brothers are acquired, what to do with their assets, Bank of America may have to shell out a lot of cash to solve this problem.

There is also a related issue of strong pressure from shareholders and analysts on US banks if they do not respond positively to the fact that their competitors are bolstering their investment banking operations.

All of the above factors are combined, and there is no way for Soros and others to predict what the outcome of this deal will be. So whether it's Soros, or Robertson, or John. Paulson, they were all confused and confused by the current situation.

As Bell Stone had predicted, the market was divided by Bear Stearns' experience, and Soros's coterie was no exception. Of course, they could have kept going short until the Kaminari brothers were bought or went bankrupt. But the problem is, if you close the position now and leave the market. They will get more than $2 billion, and if they continue to go bankrupt, they may make a profit of $3 billion or more.

The difference of $1 billion is definitely not a small number.

"According to reliable sources, the Kaminari brothers are seeking internal restructuring!" Soros, who had been silent, finally spoke, and the first words he said made everyone's expressions change. "What we don't know for sure is what this restructuring plan will be. But what is certain is that they will definitely do everything possible to get rid of the burden of toxic assets! ”

"If they can really divest this part of the assets, I believe that other assets are still quite considerable." Soros continued unhurriedly, "I'm afraid that the institutions that want to buy will line up at the door, and the problem is that $10 per share may not be able to satisfy their appetite." ”

"Thankfully, it's all unconfirmed information right now. Personally, I estimate that if there really is such a plan in the Kaminari brothers, they will definitely throw it out at the most critical time. Let's say the day the third quarter financial statements are released. Soros's tone became heavier and heavier, but then he changed his tone and became relaxed and pleasant, "But rest assured, we are not in a hurry to make a decision now." Don't forget, there's one more anxious person than we are! ”

"Who?"

Joseph. Lewis was most anxious and blurted out a question, but he quickly reacted. "You mean the bell? It's a real possibility, after all, his position is much larger than ours. If he doesn't make a move now. Then we really don't need to rush. ”

In the final analysis, this huge plan to short Wall Street investment banks was learned by Soros from within the Tianyu Fund, although the method is a bit unethical, but in the face of real profits, no one cares about the means.

"Yes, that's him!" Soros suddenly became confident. "If you are most anxious now, I am afraid it is this gentleman. As long as we keep an eye on the market and see if there will be a big purchase of Kamindam Brothers' stock in the near future, we will know if someone is closing the position. Although our strategy is a little more passive, it is also where our strength lies. Just follow him. At a critical time, we can still yin each other! ”

"Is it really appropriate for you to bring love and personal grudges into the transaction like this?" John. Paulson was a little dissatisfied, "George, our goal is to get the best out of it. But according to your strategy, we are completely following in the footsteps of others, which is completely contrary to our original purpose. We are no longer participants in the game, but just a depository who has left our fate to someone else, which makes me feel very bad. ”

"John, you have to understand that we don't have the final say in this market right now!" Soros let out a long sigh and patiently enlightened John. Paulson, "Or rather, we're not the ones who have the say in the Kaminari Brothers stock market. If there are still people in the market who can bring the Kaminari brothers back to life at this time, I am afraid that only a few people in the world can do it. Henry. Paulson and Bernanke are certainly one, Bank of America may be one, and others interested in the Kaminmons can also be counted as one. And Zhongshi, it must be counted as one, because this guy has tens of billions of cash. ”

"Although it is certain that this guy will not get involved in the acquisition of Kaminari Brothers, shorting or closing a position will directly affect the stock price of Kaminari Brothers." Speaking of this, Soros was a little distracted, "So we can't help ourselves." But that's fine, so we don't have to make our own decisions. ”

In fact, Soros was also a little unconfident at this time, because he couldn't figure out what senior government officials thought. After Russia was played by the US government in '98, he realized that he was just a pawn of the other side. As good as it felt to be taken advantage of, he had to accept that it was the truth. And the reason why he is now tied up with Zhong Shi is that he wants to test how Zhong Shi, an "outsider", guesses and judges the true intentions of the US government now.

He believed that Zhong Shi must also be aware of this qiē that was currently circulating in the market.

This is the true intention of his heart, and he did not sue sù others etc. After the others heard what he had just said, they were silent for a while. Originally, they were "in the same bed" because of whether to close the position or continue to short, but now Soros proposed a solution to solve the problem, although this plan made everyone feel uncomfortable.

……

Zhong Shi, who was far away in Hong Kong, sneezed several times in a row before he finally stopped the chill on his body. He wrapped his trench coat tightly and strode into the office building.

"Xiao Jiang, take care of the work at hand, and come with me to New York next week." Zhong Shi, who had just sat down, felt the warmth in the room and felt a lot more comfortable, then pressed the call button on the phone and said to Jiang Shan.

"Kaminari Brothers' Q3 Financial Statement Release?" Jiang Shan immediately came to his senses, he knew that the Kaminari brothers were finally coming to the most critical time, "Analysts, financial accountants and auditors have long been ready and ready to go." ”

"Yes!" Zhong Shi was very satisfied with Jiangshan's efficiency, "The final answer is about to be revealed." (To be continued......)

ps:ps: Are friends who speculate on stocks still satisfied with today's A-share table? The country has made great efforts to save the market, and as soon as the market opens in the morning, I don't know how many shorts in IF300 will blow up~