Chapter 448: Chen Daojun was interviewed on the news
"If I had to choose between the two, it would be to keep London's construction, and if your prediction of Dubai's decline is correct, London's construction will definitely go bankrupt, you know, Dubai alone has invested 2.8 trillion won, which is a big loss?"
Chen Daojun asked him rhetorically: "Why do you think you want to keep London instead of Shunyang?" ”
"Intellectually speaking, Shunyang Construction can still break out of the world in London, but people's energy and funds are limited, can you take care of it?"
Li Xuezai didn't know the fact that Chen Daojun = was about to make a lot of money, at least from the perspective of BAT's financial situation, it was difficult for Chen Daojun to take care of both.
Chen Daojun looked at him with a smile: "Then what if we take over the two?" A super-large construction company was born. ”
Li Xuezai raised his head and looked at Chen Daojun carefully, as if he was judging the other party's confidence.
As Dojoon said, isn't it a piece of cake to buy a company that is about to go bankrupt?
"Seeing that you are so confident, you must have made a lot of money in country M, right?"
"I made some money enough to take over two construction companies."
Li Xuezai's eyes became sharp.
"If we buy these two companies and sell the cross-holdings, or liquidate the rest of their claims, that's fine."
"But will BAT be able to handle all of this? We are now expanding our automotive business, and we have been understaffed and not equipped enough."
What Li Xuezai said was the truth, but unfortunately he didn't know how wealthy Chen Daojun was at this time.
"Talent, that can be recruited with money, if they are given money, I believe that there are many talents who will take the initiative to work for us, looking at the current construction industry, we have enough funds, it is the first rain when the financial drought hits."
"If you can control the weather with money, not only can it rain lightly, but it can also rain showers." Li Xuezai shook his head, if you have money, it won't be a problem.
Dojun and Lee Hak-jae looked at each other and smiled, and began to discuss the acquisition of the two companies.
And the two giants of country M, who are on the verge of bankruptcy, are begging Rachel, the CEO of New York Daily.
"Please don't go on, the current economic situation guarantees that debt has no value, there is an unwritten rule in the financial circle, liabilities exceed 15% of total assets, which is a sign of imminent collapse, but now it is more than 60%, and it is still losing blood, how do you ask me to help you, our investment companies are about efficiency, not charity."
"You're right, please wait a little longer and we'll talk."
"Sounds like you're going to be ready to dispose of the last remaining quality assets and charge a huge severance package in a short period of time? Isn't it? ”
Two lawyers for Merrill Lynch and AIG Insurance Agents backed down under Rachel's questioning, and the mortgage chief accountants of the two companies traveling with them began to look into the distance.
Rachel unceremoniously shook the bill in his hand: "Do I look blind?" Merrill Lynch's insolvent portion is over $50 billion, and the day-to-day contract is $2.3 billion, and you can't afford the debt, do I look stupid enough to jump into the fire? ”
"Rachel. To be honest, we at Merrill Lynch are negotiating with Bank M, and I will definitely get help from there, the greater the actual loss, the more difficult the negotiation will be, and I promise that as long as you are willing to help us tide over the difficulties, the $2.3 billion a day will be paid by Bank M, not us. ”
Merrill Lynch's lawyer scrambled to speak, and Rachel snapped his fingers.
"Oh, by the way, the Bank of Country M has more than $1.9 billion to recover, I have to hurry up, before acquiring Merrill Lynch, which is insolvent for 50 billion won, gentlemen, please go back!"
Rachel's eyebrows raised, and the few people who had once been calling for wind and rain on Wall Street began to sigh again.
Seeing that they were completely hit, Rachel changed his words:
"Given your situation, I can try to postpone debt collection later, and I also hope that the shock wave of the subprime mortgage crisis is as low as possible, and the collapse of Wall Street is never advisable for a day-to-day basis."
Hearing her sincere words, a trace of anticipation flashed in the men's eyes.
But her expression suddenly became a little strange:
"Chairman Stan O'Neill, did he officially resign yesterday?"
"Yes, it's now a temporary assistance to me."
Merrill Lynch's representative replied.
"If it's $50 billion insolvency, it's normal to be fired, not retirement! Isn't it? But since it's an honorable retirement, you shouldn't get severance pay! ”
was robbed by Rachel, and the two were speechless and dumb.
Rachel is still unceremoniously exposing the shortcomings:
"You're in such a big debt, and you're getting a whopping $160 million in severance pay, right? Aren't you ashamed that as the head of a $50 billion bankruptcy during his tenure, he can still get such a high annual salary and do such an immoral thing? Is $160 million in severance pay the price for hundreds of families who have lost their homes, jobs, and retirement plans? ”
There was a reason for her anger.
The company is insolvent, and it is often those shareholders and executives who are fat, who pay dividends every year, cry poor every year, and as a result, they throw the mess to the shareholders and run away by patting their butts!
"The same goes for you, AIG's insolvency is close to $200 billion, but Joseph Cassano, let alone fired, I heard that he currently has a strange position as a consultant, right?"
The other tried to explain one or two: "That, that....Joseph Cassano took responsibility for the situation and resigned until the end."
Rachel didn't believe a word of this nonsense: "In the end, hehe, will he try his best to make it to the end?" Such a person goes on vacation to the Bahamas every week? Consultant fees are paid more than $2 million a month, how many more such consultants do you have in your company, and that's what you mean by no money? ”
AIG is insolvent and unable to acquire.
Credit default swaps are an insurance strategy in which the International Group of M, like the world's largest insurers, has signed huge swap contracts.
"It's useless to talk more, I'll stop here, everyone should never forget when they go back, if our company's money hasn't been credited when we start work tomorrow morning, we'll see you in court."
Hearing the word court, several people broke out in a cold sweat.
National Bank M is not stupid enough to buy a company in a lawsuit.
The same is true for the International Group of State M.
If the case goes to litigation, Congress will certainly block ZF's attempt to inject emergency relief.
The two representatives hurriedly got up.
They thought to themselves that they had to raise money as soon as possible to stop that hateful Rachel from doing the next step.
In the past few days, Do-joon almost went to work in the office of the chairman of the BAT Group.
He is in a very happy mood, and every day he only needs to check the funds pouring into Dubai, the more the better, and in the end, these funds will become a bomb and pour all the money on Chen Dongji's head.
"Daojun, look at this, the financial crisis from country M seems to be weaker than we thought?"
Li Xuezai threw a morning newspaper.
"If there is no problem with liquidity, I will make a lot of money next year, and I will be more determined to maintain my current position."
When Do-joon opened the newspaper he threw over, he was actually a little bored.
How could you not know what was happening in the world?
At the same time, he was a little disdainful in his heart, Li Xuezaibai had been by Chen Yangzhe's side for so many years.
Is that all there is to it?
The newspaper read:
"Hanguo Industrial Bank is seeking to acquire Lehman Brothers, a giant financial group in country M, and we have set out specific terms for the acquisition.
Three acquisitions are proposed at $23, $18 and $6.4 per share.
Chen Daojun complained: "I still went to buy Lehman Brothers, I don't know whether I ...... alive or dead."
"Are you sure?"
"Of course, Lehman Brothers did not benefit from the rescue of the ZF of country M, because it really can't escape, and I think it will soon go bankrupt."
After the collapse of Lehman Brothers, Nomura Securities, which aims to become a global investment bank, will acquire Lehman Brothers' Asian and European divisions.
With all employees employed, the acquisition value for the European division was only $2 million and for the Asian division was $225 million.
Nomura Securities, which has an equity capital of 11 trillion won, saw it as an opportunity to become a world-class investment bank, so it did not hesitate to invest in the funds.
Buy shares in a company that can be purchased for as little as $2 per share at $23 per share.
Chen Daojun speculated that either Nomura's head was an idiot, or, he was hiding a dirty deal.
The acquisition of Lehman Brothers, which is about to collapse, will inevitably cause huge losses, and these losses will ultimately have to be borne by the people's taxpayers.
It would have been unrelated to Do-joon that people's money was spent on the wrong things, but it was a great opportunity.
"I need to hold a press conference and make a warning."
"What? Warning? ”
"Yes, this is a prophecy and warning that the financial crisis in country M will evolve into a financial tsunami and will quickly hit the cold country."
Li Xuezai frowned.
He didn't understand the point of doing that.
If the prophecy is true, Chen Daojun can obviously make a fortune in advance, but if the prophecy is false, it will undoubtedly be ridiculed by the people.
Chen Daojun smiled: "This is not a warning, but the intention to detonate the bomb in advance, there are only a few days left, the moment of Lehman's bankruptcy heralds the collapse of the global economy, it doesn't matter what news I shoot, but I need to increase the credibility of my words on this occasion." ”
"Are you going into politics? Where do you build trust and spend it? ”
Li Xuezai frowned, because Chen Daojun was very low-key in the past, and he had never been so public.
"Of course not, you say, if I expose the irregularities in the succession process of Shunyang Group, will public opinion be on my side?"
"Two days later, a press conference was held, and Shunyang Group was stuck in both feet in Dubai and London, and I will push him again."
Li Xuezai was silent.
"I predict that the ZF in country M is about to inject hundreds of billions of dollars in public money, more than 8 million homes will be forced to cut off their mortgages, Bear Stearns will go bankrupt, mortgages will be frozen across the United States, and the situation is irretrievable, and I assure you that Lehman Brothers will definitely go bankrupt."
"Mr. Chen Daojun, the Lehman Brothers you are talking about are the same company that Hanguo Industrial Bank is negotiating to acquire, right?"
"Yes, there is only one Lehman Brothers in the world."
"Can I interpret this as a mistake in negotiating an acquisition?"
Chen Daojun's eyes looked at the camera firmly: "Big mistake! No matter what I think, I can't understand what the hell is going on, our people's money is saved by everyone's hard work, and if a company goes bankrupt and its stock is worth zero at that time, now buy assets that will soon be worthless at $26 per share? If you want me to say, you might as well use that money to buy a stone thrown on the side of the road. ”
As the press conference progressed, Chen Daojun's anger seemed to gradually rise, and he lowered his voice.
"Have you forgotten what happened ten years ago? The country M financial crisis has cast a dark cloud over the global economy, and throwing money into a damn company is tantamount to a betrayal of taxpayers without ZF doing a thorough investigation. ”
The reporter's eyes are getting brighter and brighter, and the head of Shunyang Finance opened fire on the Hanguo Industrial Bank, what a perfect topic: "Are you comparing the financial crisis in country M with the International Monetary Fund IMF?" ”
"It's essentially the same, the only difference is that the epicenter is country M, not Asia."
As soon as the word IMF came out, journalists boiled.
He knew that now was not the time to relax, and the interview was not over yet.
"Mr. Chen, do you mean that a crisis like the IMF is about to start again?"
The IMF is also strong.
This is like a country's trauma, and many cold country enterprises can never get rid of once they sign the deed of sale.
"It depends on how you look at it, and in particular, the need for a rigorous analysis of each agency and, in my opinion, should never show slackness."
Chen Daojun's words are categorical!
These are the words of the young Warren Buffett of the cold country.
The front page of the economic magazine featured Do-joon's side face, the economic page of ZY magazine featured Do-joon's face, and the sports newspaper, which was no different from entertainment magazines, also published Do-joon's interview photo.
In addition, other broadcasters are no exception, broadcasting prime-time recordings of the interviews.
They are all senior media people, and they know that the title of the third-generation investment genius of Shunyang Group is a foolproof hole card to ensure ratings.
So far, the chaebol has never issued a warning to state institutions.
Most of them have only held this position in universities or economic research institutes, or have worked hard to earn wealth.
And it was a very rare event that a member of the chaebol gave a public interview and fired at the bank, so Do-joon succeeded in attracting the attention of the public, and public opinion was favorable to Do-joon.
The Cold Development Bank was in turmoil and seemed to abandon its acquisition of Lehman Brothers within a day.
Because it was just an intention and there was no specific plan, they quickly backed down.
Dojoon got the results he really wanted.
University economics professors, who had been silent, opened fire like stimulants, and a number of economic research institutes published research papers warning of a bleak future.
(End of chapter)