Chapter 87: Soros's Ambition (2)

If it was said before Joseph. Lewis's threat Soros didn't take it to heart at all, but the last words of the other party hit him right in the door, so that he had to agree to Lewis's request under the trap.

Throughout, a series of plans against Bear Stearns have been circulated within a limited range of Soros and a few others, and they also have what they believe to be legitimate reasons, namely that Bear Stearns refused to participate in the rescue when Long-Term Capital Management went bankrupt. Injuries and the like may garner some sympathy points for these hedge funds, but no one will believe such naΓ―ve claims.

Maybe Soros and others don't bother to explain to the outside world, but once the news leaks out, they have to face pressure from investment banks, which is diverse, a slight increase in commissions, and a slight increase in commissions, and it is possible that they may cheat in research reports, and may even encircle and suppress some of their positions. And once the two sides really tear their faces, a single top hedge fund will definitely not be a match for a single top investment bank.

More importantly, once this news leaks, the investment banks that may become the focus of the target will definitely be prepared, or carry out cash reserves, or introduce strategic investors, etc., in short, they will definitely pay close attention to the movements of short sellers, which is bound to bring huge obstacles to Soros's next plan.

So after thinking about it for just a second, Soros agreed to Lewis's request without hesitation, after all, the other party is also a billionaire with a net worth of more than one billion dollars, and there is not a small amount of cash on hand.

"Well, Lord, what a generous man you are, George!" Joseph. Lewis's face flushed with excitement. He kept rubbing his hands together, and after walking back and forth several times, he asked excitedly, "Now that we are all our own people, then don't bother to be honest, how many people are in our gang?" Who are the others? ”

"Julian. Robertson. John. Paulson, Kenneth. Griffin ......" After Soros said the names one by one with an expressionless face, he spread his hands again and said calmly, "Now there is a new guy to join, Joseph. Lewis. ”

Although Soros spoke in a flat tone, without too many body expressions, as if he was saying a trivial matter, the familiar names sounded to Lewis. But it was like a string of thunder ringing in his ears. Oh my God, who are these people? Paulson, one of the hottest fund managers in the world right now, is not one of them; Castle Capital's Griffin, known as the world's smartest investor, leads one of the most profitable quant funds on the planet; Julian. Not to mention Robertson, who was already famous all over the world twenty years ago......

Joseph. Lewis now finally understood why Bear Stearns had been crumbled in such a short period of time. Not to mention the smart Cheng dΓΉ of these people. In terms of the size of the funds they currently manage, they are equivalent to half the size of the funds under management at the peak of Bear Stearns. It is more than three times the peak market value of Bear Stearns, not to mention that in the whole process, these people are completely unintentional about Bear Stearns.

For a time, Joseph. Lewis was emotional, both sad and glad to be a shareholder of Bear Stearns. I seized the opportunity to enter this small circle.

"Bear Stearns, they were involved?" After being excited for a while, Lewis thought of something to do, and hurriedly asked, "You know what I mean." Yes, are these guys involved in it too? ”

"Of course!" Soros looked at the other party speechlessly, and said that Lewis was also a little too fussy and was actually excited like this. However, now that he has become a person on his own side, Soros has to explain a few more words, "We have our own division of labor, otherwise it is impossible to collapse Bear Stearns in such a short period of time." Okay, let's get to know these guys. ”

After finishing speaking, Soros shook his head helplessly, dialed the phone of several people, and immediately held a conference call, one was to discuss the liquidation of Bear Stearns' acquisition, and the second was to introduce the new Joseph to a few people by the way. Lewis.

"George, now that we've completed our original plan, we only need to close the position for two dollars!" Not long after the connection, Julian. Robertson's voice came over, "Rough estimates, including earnings from stocks and options, our earnings this time are around $1.5 billion, and each person is almost $300 million." Neither too much nor too little, but I'm personally quite satisfied. ”

Lewis, who was standing next to Soros, held his breath, but he was silently calculating in his heart that in just half a month, these people had generated $1.5 billion in revenue, and by the way, they had completely collapsed this giant investment bank, which was too amazing.

"Ahem......" Soros quickly coughed a few times, interrupting Julian. Robertson spoke, "Julian, we'll talk about the benefits later." Now, allow me to introduce you to a new guy, Joseph. Lewis, a gentleman from England, is also a majority shareholder in Bear Stearns. ”

"What?"

"Are you crazy? George, how did you bring someone else in? ”

As soon as Soros's words fell, two dissatisfied voices immediately rang out. Griffin and John. Paulson. It was the first time for the two of them to participate in such an operation, and they had been nervous throughout the whole process, and now they finally stabilized their minds, but they were frightened by Soros's words, so they invariably expressed their dissatisfaction in their hearts.

And the slightly older Julian. Robertson and Jim. Chanos didn't say anything, they knew that Soros must have his reasons for letting newcomers join, and now they just had to listen quietly and see if Soros could convince them.

"Take it easy, guys, take it easy!" Soros didn't think of Kenneth at all. Griffin and John. Paulson had such a violent reaction that he had to lower his profile and reassure, "Guys, it's because Mr. Lewis is the majority shareholder in Bear Stearns that we need him." As you should know, if the proposed acquisition of Bear Stearns and JPMorgan Chase is made public now. Our plan to short them will be revealed, and it will be an absolute fatal blow to us. So I hope Mr. Lewis can help us delay a little bit so that we can close our positions and get out of the market in the shortest possible time. ”

In fact, although the acquisition deal has been preliminarily reached, there are still more details to be discussed by both parties, the most important of which is the exchange of JPMorgan Chase shares, and once some of the shareholders who lent out the shares cannot produce the certificates. Then it is likely that the identity of the short seller will actually be revealed. So in this case, Soros and others do need time, and the best way to delay time is to temporarily mess up the deal.

The people who came to understand it no longer insisted on it, they were not satisfied with the fact that others would share their profits equally after entering, but they were more afraid that their actions would be exposed.

"Hi guys, hello!" Lewis knew it was time to speak up, so he said hello first. Then he said triumphantly, "I have already thought about filing a lawsuit in my own name and getting the court involved in Bear Stearns' acquisition so that they have to raise the offer." In this process, you can close the position as much as possible, how about it, I'm doing a good job, right? ”

At times like these. Joseph. Naturally, Lewis had to show some ingenuity in order to be able to get these people to accept him as much as possible. So he was ashamed to throw out the plan that Soros had discussed with him a few minutes ago, "Besides, I only need to take one action this time, how about it, guys?" ”

In all fairness. The gain of 10% is not much compared to his loss, you must know that the real money he invested in Bellsden is close to a billion dollars, and now it is just a little interest.

However, it is obvious that his behavior was directly regarded as a lion by several other people. John the most contribution. Paulson shouted directly: "Ishei? God, you might as well just kill me! George, I don't agree with you doing this, I'd rather be exposed than be exploited by this vampire. Well, don't persuade me, I'll quit when I get my fair share! ”

Hear from John. Paulson's threatening words made Soros's face change immediately, his eyes flickered for a long time, and then he said slowly: "Please wait a moment, John." Also, I want to ask, who else is planning to quit? Kenneth, what about you? ”

He deliberately did not have a 蝧hì渌dumplings to play leeches and miscellaneous. Robertson and Jim. As far as Chanos was concerned, they knew themselves best, and a mere Bear Stearns would never satisfy his appetite, nor would he satisfy the appetite of both of them.

But the problem now is that the cash cow is going to quit, and this matter can not be said to be unstrict. Despite the new addition of Joseph. Lewis is also a cash cow, but there is no way to talk to John. Paulson, so at such a time he must reveal his "grand plan" in its entirety, otherwise there is a real risk of "stillbirth".

"If John quits, there's no need for me to stay!" Kenneth. Griffin said lightly, "Plus, I have a lot of work to do. I don't think I should have spent energy on this, you say, George? ”

Now, Soros has no way out, and said word by word in Lewis's surprised gaze: "Hey, guys, Bear Stearns is just the beginning, I have a bigger plan, if it can succeed, the benefits will be at least ten times more than this time, are you sure you really want to quit?" ”

"What?"

"You must be joking, right? Yes, you must be kidding! ”

"George, do you know what you're talking about? Are you really crazy? ”

This time it wasn't just Griffin and Paulson, but even Julian. Robertson was also incredulous. Just Jim. Chanos remained calm and silent, and only said lightly, "Sue us for the plan!" ”

Joseph. Lewis didn't speak, but his hands were already trembling slightly. Even in the treacherous foreign exchange market every minute, he was never so excited and shocked as he was at this moment, and he realized that he might be involved in a historic event.

"Now that Bear Stearns can mess up!" Soros was extremely calm at this time, and after taking a deep look at Lewis, he said unusually calmly, "Then why can't Merrill Lynch?" Kaminari Brothers? And Stanley, Goodman, they can all be our targets. ”

Silence, death-like silence.

The silence lasted for five minutes before a wail came from the phone. Robertson patted his head and sighed, "George, do you know what you're talking about? You're really crazy! ”

"No, I'm not crazy!" Soros categorically denied, "In this world, there is at least one other person who is the same as I thought." (To be continued......)

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