While Stanley was struggling desperately, another investment bank on Wall Street of the same position was looking for a lifeline: Goodman.

Goodman & Co. is a legendary company, not the oldest investment bank and no pedigree, but since its rise to prominence in the eighties, the firm has been at the top of the industry and has never left the top three. In the new century, it has firmly sat on the top spot in the investment banking industry.

Unlike Stanley, Goodman's brokerage business is not very strong, but it is a best-in-class company in investment banking, holding trading, asset management and commodities. And in the past few years, Goodman has made great progress in its brokerage business and research capabilities through continuous poaching.

In terms of total assets under management, Goodman and Stanley are almost the same, but Goodman has only one-third of Stanley's global staff, and in this sense, Goodman is indeed more powerful than Stanley.

But in the face of a once-in-a-century financial crisis, even the most astute brains will not help. The whole market panicked even Henry. Paulson and Ben. Bernanke was helpless, let alone the Goodman Ivies.

In fact, the financial crisis also had the "credit" of Goodman, who fanned the flames by spreading the news as Bear Stearns and Rehman Brothers ran out of cash, greatly accelerating the pace of capital flight. The reason why Goodman did this was naturally because of the intention of eliminating competitors. But they never imagined that this "fire" would eventually burn to themselves.

After the bankruptcy of Kaminmen Brothers, despite the panic in the market. But the bold Goodmans still didn't miss any opportunity to fall into the trap and began to spread rumors about their biggest competitor, Stanley & Co. As they wished, the Stanley Company was riddled with rumors. It soon fell into the next target to be attacked by hedge funds. However, not to be outdone, the Stanley Company tied up Goodman, that is, if the Stanley Company was finished, Goodman Company would also be finished.

Four hours, just four hours.

This is the conclusion that Goodman & Co. came to from the moment Stanley & Co. was finished. Four hours later, Goodman & Co. will be finished.

Like hungry wolves, hedge funds pounced on Stanley and launched a frantic attack around Goodman. During this time, Goodman's cash was also lost. Luckily, though, there was also a Stanley Company in the way, which allowed them to avoid a portion of the frontal battle.

"How's the negotiation with Midland Bank?"

On Friday morning, Blankevan anxiously asked the man in charge of negotiations with the United Bank. Midland Bank began aggressively planning a merger after the government promised to buy its toxic assets, first negotiating with Stanley, but neither side was sincere. After the unhappy breakup, Midland Bank approached Goodman, and the two sides hit it off and began formal negotiations.

"It's not a good situation!" Goodman, who was in charge of the transaction, merged with managing director Dodge Brown. Burgman's face was solemn, "According to our audit, Midland Bank has up to $120 billion in option-indexed home mortgages. This number is far more than the number they have declared to the Fed. Even if the Fed and the Treasury were to buy all of the toxic assets they declared, that would be a big problem. Of course, if the Fed can guarantee or buy this part of the asset, nothing is a problem. ”

"What?" Belrankfan's face changed drastically. "You mean, even if we merge. Is it also possible for a newly formed company to collapse because of this asset? ”

"Yes, very likely!" Burgman nodded heavily, "If that's the case, we've just gotten rid of a wolf and a tiger." If the situation does develop like that, my opinion is that it is better not to merge. I have sent the revised agreement to the Fed and the Treasury. Hopefully they will be able to get back to us soon. ”

"You may not know yet." Blancfan looked at the negotiating team, who was also depressed, and said heavily, "Just now, Paulson just called me, and he has already obtained immunity from dealing with Goodman. But I judge. In order to avoid suspicion, he is unlikely to have direct contact with us. Maybe they'll put pressure on the side of Midland, but he probably doesn't think it's on our side of the problem. ”

"Our Board of Directors is ready to approve the request for a merger with Midland Bank at any time. But now, we have to sadly declare that the initiative in matters is no longer in our hands. As for the direction in which things will go, it can only be up to God. ”

Bellencvan was greeted by a deathly silence, and it was clear to everyone that the current situation was indeed the case, and that Goodman's fate was in the hands of someone else.

It was today that Goodman, like Stanley, announced his decision to become a bank holding company. But the stock market did not perform as they expected, and instead of expecting Goodman's share price to rise only slightly due to the market's expectation that Goodman might need more money, everyone was disappointed by the combination of expectations.

To Belankefan's further disappointment, shortly after the market closed, he received a call from Geithner informing him that Goodman's request had not been approved and that the merger between Goodman & Co. and Midland had failed.

Frank was also informed that the Stanley Company was in contact with a Japanese consortium. According to Geithner's account, Stanley was confident in this, even though he himself was not optimistic.

The tide has turned!

The Stanley Company found its financier, and Goodman was left unattended.

This is simply a reversal of the plot, the Goodman company that was originally calling for wind and rain in the market and like the stars holding the moon is very likely to declare bankruptcy protection, and Stanley, who they secretly dealt with, is very likely to become the last surviving large investment bank on Wall Street. This has to be said to be a great irony.

After hanging up Geithner's phone, the spirit of Belrankfan's whole body seemed to be drained all at once, and the whole person was ten years old. It was a shot in the foot, he thought with a wry smile. But the next moment he corrected his thoughts, and instead of smashing his feet, he slammed them on his head.

The reason why the Treasury Department and the Federal Reserve did not guarantee the transaction. Belranke also guessed part of it. This is still a continuation of the policy of not helping the Kamison brothers, because in the face of the growing anti-rescue cries in the United States, the government has had to compromise and not directly intervene in the dealings between these agencies.

Although the government has been working on the sidelines, the effect is not as direct and effective as direct intervention. It is a pity that the current Goodman company will also become a casualty. Although Paulson's heart was reluctant to do so.

Although the government had announced a massive rescue plan, Blanke knew that Goodman was nothing if the agencies waiting for help could virtually line up from Washington to New York. Not to mention anything else, each of the three major automobile agencies in the United States has hundreds of thousands of employees, so if you don't prioritize saving such a company, can you save Goodman, who only has tens of thousands of employees?

Finished! It's all over!

At this time, there was only one thought in Belankefan's mind, and Goodman Company was playing with fire after all.

Although before that, Belankvan was already looking for potential buyers in the Middle East, Europe and China. And a special working group was dispatched. But the news that has been fed back one after another is desperate. In the U.S., Goodman's traders are also calling like crazy, but the more this happens, the more pessimistic the market becomes about Goodman's prospects.

By now, Blankefan has given up on any hope of getting a large amount of money from a single investor, and he only hopes that a few institutions will join forces to inject money into Goodman. But even so, there has been little feedback from the market.

"Lauder. I have a new plan that may be able to get a response in the market. ”

Just when Frank Fan was feeling desperate. A phone call rekindled his life. It was Jon who called. Wende, vice chairman of the board of directors in charge of finding funding for Goodman & Co. During this time, he traveled all over the world, contacting the heads of various organizations, hoping to find a "good Samaritan" who "gave generously".

"Oh? What is the plan? Belrankefan's reply sounded weak. In fact he learned from Jon. Winder has gotten so much bad news here that he doesn't have much hope now.

"Sale of $5,000,000 of preferred stock options (options) on the condition of a 10% dividend, while allowing those preferred shares to be converted into common stock at a price of $36." Jon. Winder didn't notice Bellakfan's interest. "As long as this deal gets done, we'll never have to worry about cash." ”

"What?" Belrankfan finally woke up from his numbness and was taken aback, "Jon. Are you crazy? Can you agree to such conditions? ”

The sale of $5 billion of preferred stock on the condition of a 10% dividend means that someone else gave Goodman a $5 billion loan, but at an annual interest rate of 10%, which is much higher than the market rate. The conversion of the latter option into common stock means that the party who injected the capital will officially enter Goodman's management.

Blancfan's mind was in a hurry, and it was only for a moment that he realized that this financing plan was too harsh, so harsh that he himself could not agree to it.

Just Jon. Winder's next sentence shut him up.

"But the other party is Warren Buffett!"

Jon. Winder was a little anxious, and almost shouted in a roaring voice, "Lauder, you know what? Our offer was made by Warren Buffett. ”

Blankefan was dumbfounded, but this state only lasted for three seconds, and then he decisively shouted: "No problem, we agree to this condition!" ”

He knows very well that at this time, if Buffett can make a move, all the problems that Goodman faces will disappear. With the huge prestige and net worth of the "stock god", any problems of Goodman will no longer be a problem, and the market will re-embrace Goodman.

For Goodman, Warren Buffett is not only a lifesaver, but also a panacea. After recognizing the situation, Frankfan resolutely chose the right decision.

At this time, Buffett was eating with his beloved little grandson in the dessert shop. After the Kaminari brothers went bankrupt, the Goodman company approached him several times, and the conditions he offered became more and more harsh each time. In the eyes of the world's most successful businessman, he will not make a move if he can't get a profit.

Just as he was enjoying the coolness and family fun, the phone in his arms rang, it was a call from Goodman's company, and a faint smile appeared on the corner of his lips, he knew that his "robbery while the fire was hot" was successful.

"Fax the relevant documents as soon as possible and we will do the final research."

After listening to Frankvan's slightly respectful explanation, he said lightly, and then stuffed the final cone into his mouth, clapped his hands, and the whole process was like doing an extremely trivial thing. (To be continued......)

PS: Thank you to the book friend Demon Dragon Battle Ghost, Jiangnan Liu Feiyan, and Gambler Ghost didn't me vote for the monthly ticket! At the beginning of the new semester, I was urged by the teacher to do all kinds of things, and I was in a bad mood...... However, the author will try to adjust the state, and will still insist on the code word when the code word, this book has been broken for so long and can not repeat the mistakes of the past, I hope you will continue to support this book, and look forward to the results of this book will get better and better~