At noon on the 14th, the statistics of all parties were finally preliminarily completed, because they had to cooperate with the overall plan of the acquisition, so they were not so accurate in terms of statistics. However, because this business will be completed as soon as the market opens tomorrow, I am not too particular about this aspect.

The next time is when many institutions draw up contracts and clarify rights and obligations, because there are many terms that need to be listed, so lawyers from the legal department of investment banks and professional mergers and acquisitions lawyers go into battle together and begin to agree on the details of the contract clauses word by word.

"Has the final amount of aid been determined?"

Geithner sat comfortably in the large and comfortable boss's chair, playing with his BlackBerry phone with his right hand like a butterfly in flowers, and seemingly casually asked the CEO of Bank of America, Ken Brown. Lewis.

The acquisition of Merrill Lynch by Bank of America has also begun to circulate among CEOs. CEOs don't care too much about this matter, and the liquidity underwriting of this matter will probably be handed over to the Federal Reserve and the Ministry of Finance.

"$35 billion!" Willing. Lewis smacked his lips with a somewhat rich expression, "Acquire their commercial real estate and private equity assets." With the addition of private equity assets, the deal really has a deal of value, hey! ”

Because of Dick. The management of the Kaminmen Brothers, led by Fude, was excluded from the entire negotiating system, so they had no say at all. In the end, in order to save the Kaminari brothers, they had to accept any terms offered by the joint consortium. But in fact, they didn't even have a chance to say yes, and this was all done by Bob of Barclays. Dimon did the work.

Willing. The reason why Lewis sighed was that he felt that it was a little unkind for the management of the Kaminmen Brothers to be abandoned at such a time, and on the other hand, he naturally envied the joint consortium for taking advantage of the fire to rob and do a good job.

However, he forgot that if it weren't for Merrill Lynch's stake in BlackRock, a general private equity fund, Bank of America would not have thought about buying Merrill Lynch at this time. In this regard. At least the Bank of America is no less capable of taking advantage of the fire to rob than a consortium.

"So you're done?" Geithner was in a good mood and stretched out without hesitation, "All that's left is to sign." After being busy for so long, I finally got the Kaminari brothers done. Barclays has picked up a big bargain at this time, and the British ......"

For Ken. Lewis's affection was clear to Geithner. But he didn't have the heart to puncture the CEO's cowardice. After talking to himself for a long time, he suddenly remembered that at this time, the deal was close to completion, and he should give the British side a sigh of relief.

Seeing Geithner dial his cell, Ken. Lewis got up and walked away in amusement, not forgetting to help Geithner close the office door.

"I'm sorry, Callum, I've been busy with the Kaminari brothers." Geithner apologized first, "I'm sorry I didn't inform you of these things in time. I've only now been able to get a qiē. ”

"I'm sorry, Mr. Geithner!" Callum. McCarthy's tone did not fluctuate in the slightest emotion, and the director of the British Financial Services Authority seemed to be saying something unrelated, "Regarding Kaminmen Brothers, we also need to assess whether Barclays' capital structure can afford to take the risk of acquiring Kamemen Brothers." After all, the risks brought about by capital requirements and the risks in the transaction process will greatly increase the risk of this acquisition. ”

"Personally, I have a strong doubt that Barclays will be able to fulfill its obligations, especially when we at the FSA don't know about it!"

Callum. McCarthy's words were very aggressive and aggressive. Heard in Geithner's ears. Just like the cold wind of the wax moon, it directly froze Geithner's originally fiery heart.

"You ...... You ......" because of excessive surprise. Geithner couldn't even speak fluently, and stammered, "This is intended to be a formal statement not to approve of this ...... Acquisition? ”

"I didn't say that!" McCarthy was a categorical denial, but then he added that it nearly knocked Geithner to the ground. "But if you understand it that way, you can't help it."

"If Barclays wants to make this deal, it has to be voted on by shareholders." McCarthy continued, "But now they're not doing it, and they don't have time to do it. This is the rule. Although the government has the right to grant special approval, I am afraid that it will be difficult to open this opening. ”

"I still don't understand what the hell is going on?"

Geithner forced his panic and asked dissatisfiedly, "According to the previous statements of Barclays, including the government and the Financial Services Authority, they acquiesced to this deal. If it weren't for that, we wouldn't be so busy. ”

"I definitely didn't give such a signal!" McCarthy naturally categorically denied it, and at this time, even if he gave a corresponding signal before, he would never admit it now, "Maybe someone else has given such a signal, maybe Barclays has misunderstood, but anyway, I myself did not give the other party a similar signal." ”

"Alright, alright!" Geithner was getting impatient, he didn't know why the British side had changed so quickly, but he knew that he needed to talk to Paulson and the others about what to do, "I'll talk to my boss first and see what went wrong." Sorry, Callum, I'm sorry! ”

"Good luck!" McCarthy's words are meaningful.

But Geithner didn't have time to grasp the meaning of the other party's words, so he hurried to Paulson's office, without even knocking on the door, and abruptly pushed open the door and repeated the conversation directly.

"It's clear that the British side is not going to approve this acquisition!" Geithner's face was as pale as paper, "We've all been busy in vain, God! ”

"I don't believe it!" Paulson was also angry, and suddenly slammed the case, and his body even trembled with anger, "I'll call Darling now to see what kind of attitude he has!" ”

"Aristal, we just had a phone call with someone from the FSA, and they don't seem to approve of Barclays' acquisition of Rehman Brothers. I want to ask, what the hell is going on? ”

After the phone was dialed, Paulson didn't have time to say a few words of greeting, and asked directly. It's no wonder that things are nearing completion, but the most critical and first thing to do is that the approval of the acquisition is not going to work. Anyone in such a situation would be very annoying.

"Relax, Henry." Darling wasn't surprised, "We've been contacted by the FSA. They say that so far there are still a large number of problems that have not been solved. In principle, neither the UK government nor the Treasury is opposed to the deal, but the Barclays takeover puts a lot of pressure on the government, and we are very embarrassed. ”

"What do you mean?" Paulson heard the implication, but he was still unsure.

Darling didn't answer right away. After pondering for a while, he said lightly: "So far, I don't know what the U.S. government will do." But if Barclays is in trouble as a result, the UK government should opt for escrow, and at least so far, we have only one way to go, except to inject capital. If that's the case, then why don't we stop trading before a crisis happens? ”

"If possible, the U.S. government could choose to host the Kaminmonbrothers. As for Barclays' acquisition of Reminmen Brothers, I don't think it's likely that this deal will be approved in the near future. After all, we don't want to import your cancer! ”

Darling's words set the tone for the whole thing.

At this moment, Paulson's heart was like ashes, and he never expected that the other party would say such a thing, and describe the collapse caused by the subprime mortgage crisis as cancer. This metaphor chilled him so much that he didn't even notice when the other party hung up.

"Well, what the hell do they say?"

"Yes, Henry, it's almost a race against time if we can convince the FSA as much as Aristre can. If you approve this deal, today we ......"

Geithner and another Fed official scrambled to ask. Both of them looked anxious.

"There's no need anymore!" Paulson smiled wryly, pursed his lips and smiled helplessly, "He said he didn't want to import our cancer. ”

"What do you mean? What cancer? Geithner was stunned for a long time before he reacted, "What? He actually compared the Kaminari brothers to cancer? God, is this the attitude of the Minister of Finance? Oh, my God. Didn't he know that if the Kaminari brothers finished playing, the British financial system would also be impacted? ”

"Now there's only one way!"

Both Paulson and Geithner were a little listless by the blow, and Paulson's face was uncertain, not knowing what he was thinking. Geithner, on the other hand, frowned. I am thinking hard about the current way to break the situation. Finally, after a long time, he suddenly slapped his thigh, "Henry, now I can only ask Mr. President to make a phone call to Mr. Prime Minister of the United Kingdom, and only in this way can the problem be solved." ”

"It's useless!" Paulson's face finally stopped changing, but it was still very ugly, "The Financial Services Agency, the Treasury, and maybe the Bank of England were involved. Who is the final decision? Only the Prime Minister, even if Mr. President called, it would not change the facts. ”

“……”

Like a basin of cold water poured on his head, Geithner's heart went from the heavenly spirit to the soles of his feet, which was basically a lawsuit against him, even the president of the United States was gone, and the deal was completely over.

"Let's get ready to execute Plan B!" Paulson had recovered from the blow, stood up and walked outside, his steps and posture were once again full of fortitude and strength, this is an extremely strong guy, and only such a guy can get back on his feet in the shortest possible time, "Get ready to clean up the mess after the Kaminmon brothers went bankrupt!" ”

……

Paulson was right, and on the morning of the 14th London time, the Prime Minister and the Minister of Finance, the Governor of the Bank of England, and officials from the Financial Services Agency held an emergency meeting to discuss Barclays' acquisition of Kaminmen Brothers. Describing the market's concerns about the UK's banking system, McCarthy specifically mentioned the name of the Tianyu Fund. Naturally, Tianyu Fund emerged as a representative of stirring up trouble and sabotaging in the international financial market.

Hearing that several banks in the British financial system were currently in jeopardy, and that short-seller institutions in the international market were already eyeing each other, the prime minister could not sit still, and after weighing the pros and cons of all parties, he decisively called off the case of Barclays Bank's acquisition of Rehman Brothers.

This is the reason why the American side worked in vain for half a day, and in the end was categorically rejected by the British side.

It's just that the British side doesn't seem to realize that its decision was inadvertently dragged by the selling behavior of the Tianyu Fund in the market, coupled with the wrong information from the Tianyu Fund, which further amplified the misunderstanding, and finally made a seemingly correct decision not to approve the acquisition of Kaminate Brothers.

And until the end, they did not realize that the US government had no intention of hosting the Reminhamon brothers at all, but had to abandon the Reminhamon brothers in desperation and let them go bankrupt. The bankruptcy of the Kaminari brothers exploded like a nuclear bomb in the entire international financial market.

The damage to the British market far outweighed the benefits of not buying Rehman Brothers, something that the top officials who made the decision never imagined. (To be continued......)

PS: Thank you book friends Demon Dragon Battle Ghost, cljdc, Niu Xiaofan, and Flying Elf for voting for the monthly pass! Thank you for the reward of the miracle of civilization of Xiaoqi, a book friend!