PS: Look at the exclusive story behind "The Financial Son of the Great Era", listen to more of your suggestions for the novel, pay attention to the starting point Chinese network public account (WeChat add friends - add public account - enter ddxiaoshuo), quietly tell me!

"In response to JPMorgan Chase's low-priced acquisition of Bear Stearns, although the boards of directors of both parties approved the acquisition plan, Bear Stearns' shareholders were not satisfied with the price of two dollars per share, and public opinion also complained a lot about the Federal Reserve's move to bail out Bear Stearns. In the first individual shareholder, the British billionaire Joseph . A group of Bear Stearns shareholders led by Lewis have formally filed a complaint in New York District Court, accusing Bear Stearns' current management of the company for harming their interests. ”

"According to the judgment of analysts, Joseph. Lewis's move was nothing more than a request for JPMorgan Chase to raise the offer, after all, he had suffered a lot of losses at Bales. And the Bear Stearns shareholders who launched the class action lawsuit with him believe to be motivated by the same psychology. Therefore, the general view is that Bear Stearns' change of hands is irreversible, and all that remains is an offer from JPMorgan Chase. ”

"In addition, according to the Associated Press, former Federal Reserve President Alan Greenspan 8 publicly said that because the crisis caused by subprime mortgage bonds has passed the worst stage, the U.S. economy may bid farewell to the depression within three months, but the decline in housing prices may last for about a year to three years."

On the same day, the U.S. House of Representatives passed a bill establishing a $300 billion mortgage insurance fund to combat the risks that currently arise in the insurance market. In addition, the bill provides for up to $8 billion in interest-free loan assistance to current homeowners to help them ease their repayment pressure. ”

……

In his own private jet, Zhong Shi was watching the financial news on the big screen intently. He reclined on the milky couch. Holding the remote control, I kept fast-forward or rewinding, and sometimes I had to watch the key content two or three times.

"Wow, this is amazing!"

After reading the Global Financial Express, Zhong Shi was about to turn on the computer to see the latest interpretation of the analysts, when he heard the high-pitched voice of Jiang Shan. Immediately, I saw him jumping over, with excitement in the corners of his eyes and eyebrows.

Zhong Shi smiled slightly, ignored him, turned on the computer by himself, and began to deal with official business. It was a few beautiful flight attendants standing behind him, who pursed their lips and chuckled when they saw Jiang Shan's slightly gaffe reaction.

This is a private jet converted from a Boeing 777 airliner, and the "World Route", which entered service in '06, was booked by Bell Stone at the beginning of its launch, and the price was a full $300 million. After getting the original aircraft. Zhong Shi sent the plane to the renovation giant Jet Aviation for a complete transformation, and the original 300 seats were all demolished, and the vacant space was transformed into a "palace in the sky" according to Zhong Shi's idea.

The whole aircraft has been transformed into three parts: entertainment area, dining area, and rest area, in the entertainment area, there is a small dance floor that can accommodate 15 people, and a 32-inch wall-mounted LCD TV is embedded in front of the dance floor, and under the TV is reserved for DJ DJing equipment, and in the center of the dance floor. There was even a steel pipe that could be raised and lowered.

The dining area can accommodate about 20 people at a time, with a wooden bench on one side of the dining area. This is where the food is placed. In the center is a rectangular marble dining table with fifteen seats in the front, back, left and right, wide enough for a candlelit dinner. In the other small private room, there is the dedicated dining room of Zhongshi, although the oak decoration space is a little more ordinary than the outside, but the global telephone, fax machine, wall-mounted LCD TV and even the Internet interface are a reminder. Compared to the luxurious restaurant outside, this place is more like a working platform.

In addition to the master bedroom, there are five luxurious guest rooms in the lounge area, each accommodating two passengers. Each 10-metre-long, 4-metre-wide and 2-metre-high room does not feel crowded at all, with a large and comfortable double bed and supporting entertainment facilities to allow guests to have plenty of rest and relaxation.

And in terms of security. JetAviation equipped the aircraft with an anti-missile radar system, as well as a missile warning system, with a security level almost identical to that of the Air Force One in which the President of the United States flies.

It took more than two years for the entire aircraft to leave the factory and complete the final rebuild. Zhong Shi only accepted the plane earlier this year, and this trip to Germany was his first flight.

As Zhong Shi's assistant, Jiang Shan naturally took this plane called "SkyHorizon" for the first time, but naturally he was shocked as soon as he boarded the plane, and after a shouting and touring, he found Zhong Shi at the tail of the plane under the guidance of the crew.

This is the office area specially reserved by Zhongshi, the place is not large, but there is everything you need. Nine 40-inch LCD screens form a video wall that can receive satellite signals from all over the world. A high-performance computer with seven screens displays the real-time market dynamics of the global capital market at all times. Conference phones, printers, scanners, fax machines, and more are all available to keep Bell Stone on track around the clock.

Seeing that Zhong Shi ignored him, Jiang Shan suddenly felt a little bored, and muttered in a low voice: "What a freak." Looking at his reaction, I wondered if what he said about boarding the plane for the first time was true. As he spoke, he stomped his foot vigorously to feel the heavy Persian carpet under his feet, and the softness coming from the soles of his feet made him feel comfortable again.

"Alright, the tour is over." Zhong Shi didn't lift it, and while tapping on the keyboard, he asked, "From April to May, do you remember all the financial news around the world?" ”

The memory of Jiangshan is different from ordinary people, and it belongs to the kind that is unforgettable. At some point, when Zhong Shi couldn't remember what happened or forgot to count some of the numbers, Jiang Shan was reminded by Jiang Shan, and in this case, Jiang Shan was basically able to accurately say the time, follow-up, and impact of these events or accurate figures. Over time, Zhong Shi became accustomed to asking him direct questions.

"Which one?" Jiang Shan changed his hippie smile, and his face immediately became stern. This sudden shift amazed several flight attendants. I couldn't help but look at him a few more times.

"The CDO market from April to the present." Zhong Shi stopped, tilted his head and thought for a while, and asked, "It's best to have information from financial institutions, I need to make a preliminary combing and judgment of the current market." ”

"Okay, boss!" The country blinked. The head began to spin rapidly, and soon one message after another blurted out:

On April 8, an IMF report declared that global capital markets were estimated to have lost at least $1 trillion in the global subprime bond crisis.

On April 10, Goodman announced layoffs, the company's second planned layoff this year.

On April 11, Japan's Mizuho Financial Group estimated that the group lost $4 billion in last year's subordinated debt deals.

On April 14, Deutsche Bank announced the sale of up to $20 billion in debt. Same. The Singapore Investment Authority (SIA) is rumoured to be interested in participating in UBS's 15 billion UBS franc financing plan.

On April 16, JPMorgan Chase released its Q108 report, and its earnings were better than consensus expectations. As a result, JPMorgan Chase announced that the subprime loan crisis was over and announced that it would raise $6 billion as capital.

On April 17, Merrill Lynch announced that it was affected by a large-scale writedown in the first quarter, with a loss of $1.96 billion in the quarter. At the same time as the quarterly report, Merrill Lynch also announced that it would lay off another 3,000 jobs and warned investors. The coming months are likely to be tougher.

On April 18, Citibank announced a $13 billion write-down. The first-quarter report reported a loss of $5.11 billion, or $1.02 per share, far exceeding Wall Street's expectations.

On April 21, there were rumors that Bank of America was planning to sell its stake in Huaxia Industrial and Commercial Bank to strengthen their balance sheet.

On 24 April, Credit Suisse announced a reduction of CHF 5.3 billion. The financial position turned into a loss, amounting to CHF 2.15 billion.

On April 30, the GDP figures of the United States for the first quarter were released, an increase of 0.6 percentage points. Some analysts believe that this is caused by the inertia of the Federal Reserve's continuous interest rate cuts and the growth of the US economy, and this number does not represent the real economic situation.

"May 6th. Oh, just two days ago. All three companies, Stanley, JPMorgan Chase and Redom Brothers, have issued statements that they will carry out different layoffs and cut payroll expenses to reduce costs this month. At the same time, Fannie Mae reported a first-quarter loss of $2.19 billion, or $2.57 per share. Also, UBS suffered a huge loss of $11 billion. ”

After saying all this in one breath, Jiang Shan's mouth was already dry, so he took the mineral water delivered by the flight attendant and poured a big sip hard, but he didn't find that the eyes of several flight attendants looking at him had changed.

"By the way, boss, are you ready to strike again?" Jiang Shan became excited again, although Zhong Shi had not yet expressed his position, he had already subconsciously thought that Zhong Shi was once again preparing to make a big move to shock the global market after a few months of hibernation. After thinking about what he had just said, he grinned unkindly and continued, "Those people at Huatou just reached a $3.4 billion investment plan with Fannie Mae in early April to buy a 4.5 percent stake in Fannie Mae for an average price of about $62. Who knew that after only half a month, Fannie Mae's stock price fell to $55, and this time Huatou's loss was as high as 11.3%, which was simply a trading disaster. ”

Zhang's team reached a transfer agreement with Fannie Mae's shareholders almost as quickly as possible, and then submitted the deal to the SEC, because the number of shares was not large and did not exceed the scope of the SEC, and Fannie Mae was in dire need of funds, so the SEC approved the deal within three weeks, even though the other party was a sovereign fund from China.

For Zhang Hang's behavior, Zhong Shi was also speechless. But these are always other people's business, and he doesn't have much to say, so he glanced at the gloating Jiang Shan helplessly, and said lightly: "We really can't control other people's affairs, let's take a look first, maybe it will be a good investment." By the way, have we calculated the profit on Bear Stern? ”

"It's been calculated, it's been calculated a long time ago!" As soon as he heard Bear Stearns, Jiang Shan smiled again, "The cost of the short position is $165, the average price of the margin call is $47, the total share capital sold is 10.8 million shares, the difference per share is $118, excluding the interest expense of $60 million during this period, we have a total profit of $1.2144 billion." Of course, these are pre-tax. ”

In the last week before Bear Stearns was acquired, Zhong Shi had people close their short positions in the market one after another, and the stocks he bought were sold by Soros and others on a large scale. In and out of this time, Zhong Shi perfectly closed the previous short position, and the reason why he knew this news was completely John. Paulson inadvertently leaked it to him.

Although Bell Stone can liquidate its position in the market after Bear Stearns is acquired, once the acquisition process begins, liquidity in the market is bound to shrink, and it is not easy to close a short position of about 10% of Bear Stearns stock. For the sake of insurance, Zhong Shi still gave up part of the profits. (A good event for pie in the sky, cool mobile phones are waiting for you!) Follow from ~ Dian/Chinese network public account (WeChat add friends - add public account - enter ddxiaoshuo), participate now! Everyone has a prize, now pay attention to ddxiaoshuo WeChat public account! (To be continued......)

PS: Thank you book friend Xiaoqi for the miracle of civilization, it wasn't me who voted for the monthly ticket last night! Thank you Nanquan 99 for your reward and high evaluation of this book, thank you very much!