After the financial conference, Dick. Fude's good mood did not last long, and a news from the rating agency Moody's completely shattered this joy.

Moody's wants to downgrade the credit rating of the Karemon brothers.

Kaminate Brothers' stock rose 17.4% in the morning trading session shortly after the press conference, which is a clear positive sign that investors are gradually regaining confidence in Kaminari Brothers. But like a thunderbolt in the clear sky, a new blow came immediately with lightning speed.

At the opening of the afternoon session, Moody's Investors Service issued a statement that it was ready to reassess the credit rating of Kamison Brothers. In the statement, Moody's announced that it would soon downgrade Kaminari Brothers' credit rating if it could not "reach a strategic partnership agreement with a strong financial partner."

In fact, this represents not only the opinion of Moody's, but also the real thoughts of analysts and traders. As a result, Kaminari Brothers' stock quickly suffered a sell-off, not only giving up all of its 17.4% gains in the morning, but even falling nearly 30% on this basis, falling 45.8% throughout the day, closing at less than $5 per share.

Dick. Fude was furious, but there was nothing he could do. Now he has thought about everything, and now he has no second way to choose except to frantically look for funds in the market. Now, in addition to calling everywhere and asking for help from the Federal Reserve and the Ministry of Finance, he is also calling the CEOs of major companies everywhere to ask about their intentions for the Kaminari brothers.

Naturally, it had little effect, except for a US bank that revealed that it had relevant intentions, and the others directly said "no". In desperation, he could only ask Henry again. Paulson calls for help.

Dick under the burnt forehead. Fude didn't even think about why Moody's chose to issue a statement against them at this time.

However, there are many people in the market who have doubts about this. But because it's not a stakeholder. So I don't know much about the inside story at all, and because the Kaminari brothers held a financial conference on this day, it is reasonable for the rating agencies to react to this.

Eventually, the doubts were soon gone.

And the truth of the matter is that after learning that Zhongshi did not close the position at all, Soros decisively activated his backup plan and asked Moody's to release news that was unfavorable to the Kaminari brothers.

This qiē. No one else knows about it except the person concerned.

Once again, the Kaminari brothers were plotted.

……

"What a funny person, funny mention!" Paulson smiled instead of being angry, and said sadly, "They think that by buying the National Finance Company, they are qualified to negotiate terms with us?" It's a fool's dream! ”

After pouring the instant coffee into his mouth in two sips, Paulson could no longer contain his anger, crumpling the paper cup into a ball and slamming it into the trash. After doing this qiē. He seemed to feel a little tight, and after loosening the tie around his neck, he crossed his waist and let out a sigh.

"What do you think?"

He looked at the other two people in the office, his face a little complicated.

Bernanke and Geithner, Fed Chair and Vice Chair, plus Henry. Paulson, this is where the giants of U.S. fiscal and monetary policy are gathered. And the reason for bringing them together is not the Kaminari brothers in the maelstrom of the storm. It's AIG.

As the impact of the subprime mortgage crisis became more apparent, more and more financial institutions fell into the quagmire of crisis. These include "Two Rooms", Bear Stearns, Kaminari Brothers, etc. Now the giants of the insurance industry are also in danger.

To save or not to save, this is a difficult question.

But so far, Paulson and his companions have not had time to discuss the AIG (American International Group) before they are entangled in the troubled Kamison brothers, especially when the Bank of America asks for it, and there is a hint of bargaining in it.

"I think it's any matter what. First of all, get the Bank of America people to New York and conduct an audit and investigation of the assets of the Kamison Brothers first, so that they don't miss the opportunity. Geithner carefully organized his words, and after a long pause, he spoke slowly.

Unlike Bernanke, who stayed out of the way. Geithner is deeply involved in the dispute between the Bank of America and the Treasury Department, and now he is not a human being inside and out, on the one hand, it is the will of the government, and on the other hand, the Bank of America does not seem to take his favors seriously, so he can only survive in the cracks, and try to ensure that neither side is offended.

"Ben, what do you think?"

Paulson wasn't very satisfied with Geithner's answer, but so far, he could only force it. If we make a fuss about this issue again, maybe Geithner will turn around, which is undoubtedly not good for the overall situation. So he turned to Ben. Bernanke, the Fed's No. 1 leader.

If the Kaminari Brothers can be settled, this is undoubtedly the best outcome, but if there is really no one to take over, it is impossible for the U.S. government or the Treasury Department to take real money to invest in or host the Kaminari Brothers, which are very different from companies like "Two Houses" and AIG.

"Let's let them participate in the transaction first!" Bernanke looked at Geithner without any expression, "Well, I'll call Lewis first and persuade him to participate in the acquisition of the Kaminari brothers, and we'll talk about the rest later, and we can always find a solution to the problem." ”

Then, in the presence of Paulson and Geithner, Bernanke dialed Ken. Lewis called, "Ken, I'm Ben. Bernanke. That's the case, you really should come over and see what happened to the Kaminari brothers. ”

The Fed president personally called him, Ken. Lewis naturally couldn't treat it as usual, and quickly replied: "Thank you, Mr. President, for your concern. In fact, I'm planning to send someone to New York to talk to the Kaminari brothers about the acquisition. It's just that so far, for some reason, our team of lawyers and auditors has not been formed, so I am really sorry that we did not appear at the Kaminari Brothers press conference as scheduled today. ”

Willing. Lewis only says "some reason" without explaining it, because he knows very well that this is not the case. He believes that Ben. Bernanke also knows this.

"Loosen the issue of capital adequacy ratios. We'll help you figure it out! "Jean Ken. Lewis was embarrassed that Ben. Bernanke didn't intend to hide it at all, and directly broke the point of the differences between the two sides, "If you have any other requirements, put them forward together, if they can help you solve them." We're going to do it, like we did to help the Kaminari brothers, you know? ”

Root. Bernanke was a scholar at heart, and even after he had been in the bureaucracy for so long, he was still a scholar. Whether it is the way of speaking or the style of doing things, it is quite different from the one that prevails in business. It's like talking about the capital adequacy ratio, Ken. Lewis would be secretive and use others to knock on the side, while Bernanke blurted out without hesitation.

Of course. This is also related to the different positions of the two sides.

But anyway, after being broken out of his mind, Ken. Lewis was silent for a rare moment, and finally said gratefully, "Yes, sir, thank you very much for your help. We have no other requirements, tomorrow you will see the team from Bank of America in New York. ”

After hanging up the phone, Bernanke looked at Paulson and Geithner, who had almost the same expressions, and his heart was full of puzzlement. Originally, he thought. The Bank of America guy promised to go to New York and start negotiations with the Kaminmen brothers. This should be good news. But to his bewilderment, Paulson and Geithner's brows were furrowed, their expressions solemn, and it was clear that they were not very optimistic about the content of the phone call.

"It seems that Bank of America has tied this condition to the acquisition of Kaminari Brothers!" Paulson shook his head slightly, "Prepare for the bankruptcy of the Kaminari brothers." ”

Basically, if US banks are allowed to loosen their capital adequacy ratios, the Fed and the Treasury will have to do the same for other banks. And in today's environment. The increase in the capital adequacy ratio is precisely to prevent the emergence of financial risks such as those of the Kaminmen brothers. Buying a single price to save the Kaminmons Brothers for an increase in risk for the entire market is unlikely to be possible for either Paulson or Bernanke.

"No!"

At this moment, Geithner suddenly shouted, "I know there is another buyer in the market, a buyer who is interested in the Kaminarimen brothers!" ”

Basically from the beginning of the year. The Kaminari Brothers have been constantly in contact with financiers in the market, from the initial capital injection in exchange for shares, to the later sale of all shares, and then to the recent measures such as stripping off "non-performing" assets and selling off the remaining assets, the people of the Kaminari Brothers are actively saving themselves and giving in step by step. But to their despair, the number of buyers in the market has been decreasing, and until now they have not found anyone willing to lend a hand, and now only one American bank has some interest.

What they don't know is that this is still an olive branch extended by the Bank of America under the pressure of the US Treasury Department.

"Really?"

Paulson's eyes suddenly burst into joy, and he asked again and again, "Who is it?" How did I not know? What the hell is going on? ”

Although we are mentally prepared to let Kaminari Brothers go bankrupt, if we can really save this company, this will undoubtedly inject a boost to the market and will be of great help to the follow-up work. So Paulson asked several questions in a row, as he was moved.

"Barclays!"

Amid Paulson's and Bernanke's inquiring gazes, Geithner said slowly, "One of their directors called me in the afternoon and emphasized his interest in the Kaminari brothers. According to his account, he has been given carte blanche by the board of directors to take charge of the Kaminari Brothers acquisition. ”

"About this Mr. Dimon, the British counterpart told us that this director can basically talk to their CEO, John Brown. Wally was on an equal footing and was a man of great weight. I believe they came with people of great sincerity. ”

"But the question is, why don't they talk to Dick. Fude contact? Bernanke was completely confused at this time, "But I want to contact you?" You know, you're the vice chairman of the Federal Reserve, the president of the Federal Reserve Bank of New York, and you don't have the slightest connection with the Kaminmen brothers. ”

As soon as these words came out, Paulson, who originally thought that what Geithner said was a little strange, immediately reacted, yes, why didn't the British look for the chairman of the Karemon brothers, but found Geithner?

"yes, that's why I didn't report it!" Geithner replied unhurriedly, "That's what I asked him about at the time, and he said he didn't want to make it too public." Mr. Dimon said they wanted to give the outside world the impression that when the Fed approached them, Barclays had been invited to buy the Rehmen brothers. ”

"I thought it was an unnecessary caution on the part of the British, but in their opinion, this disagreement is quite important. Even that Mr. Dimon dropped his words and said that if the Fed didn't want to make the call, then it was as if it hadn't happened. ”

"Damn hypocritical British!"

Paulson snorted disdainfully, "They definitely want to buy the Kaminari Brothers at an unbelievably low price, but they don't want to leave the market with the image of taking advantage of the fire, so they have to use us." God, promise these damned Brits. (To be continued......)

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