History has been changed by him, originally this year's financial crisis will be over, and there will still be the aftermath of the financial crisis next year, but those are all minor problems.

From financial practitioners to specific industries and individuals, they will slowly enter a period of confidence repair and slowly rebuild good expectations for the economy.

Now Zhou Xin does not dare to guarantee that the financial crisis will end this year, and the Occupy Wall Street movement has been on the rise since last year, and has been forcibly suppressed for a period of time in the middle, and this year as the subprime mortgage crisis has evolved into a financial crisis, it has begun to erupt on Wall Street again.

The collapse of Lehman Brothers has made the organizers of the Occupy Wall Street movement more justified in their actions.

Wall Street has taken too much profit over the past few decades, and the labor force earns 1 dollar, Wall Street earns 70 cents of it, and the federal government takes another 20 cents, and they get only a tenth of their labor surplus.

In particular, the Rust Belt workers, who lived through the seventies and eighties of the last century, were the main force in this occupation of Wall Street.

Originally, everyone worked alone and was able to support a large family, but now they can only barely support themselves by working alone. The reason why there is such a big difference is precisely because Wall Street is playing a trick on it.

They don't care whether their ideas are correct or not, and whether the theory that they can only get 10 cents for 1 dollar of labor is supported by actual data, they only start from the feelings of the individual and attribute everything to Wall Street.

Of course, whether Wall Street has deprived a large amount of labor surplus through the operation of capital, it is clear that there is such behavior, and every time someone goes bankrupt in a financial crisis, someone also makes a windfall on it.

Warren Buffett bucked the trend in the financial crisis in the seventies of the last century and acquired a large number of bankrupt small companies, and Wilbur Ross also made a large number of acquisitions and mergers to reorganize the steel industry when the NASDAQ bubble burst at the turn of the century.

This is just a typical case, they use the Federal Reserve's policy plan to save the financial crisis, expect the financial crisis to pass sooner or later, and then find banks to obtain low-cost funds, rely on these funds to buy low-cost high-quality assets, and when the financial crisis passes, these high-quality assets will bring them stable cash flow, covering more than enough debt.

Therefore, it is not only ordinary people who are exploited by Wall Street, but also entrepreneurs in traditional industries who are exploited, and every time the tide of financial crisis is like a catastrophe for them, they will face class decline if they do not get over.

Internet finance has led to the financial crisis affecting more ordinary people, and more of the middle class have been involved in the subprime mortgage crisis and have returned to poverty, after which they have turned to support the Occupy Wall Street movement, and Obama's rise to power has not alleviated Occupy Wall Street.

And the popularity of smartphones has allowed the Occupy Wall Street movement to spread on mobile social media, allowing Amerikens to support their actions either physically or psychologically.

As a result, the Occupy Wall Street movement seems to be far from over.

Historically, the Occupy Wall Street movement was forced to end by the Ameriken police after the bomb police cleared the site, but now that Obama has just come to power, it is unlikely that he would have used such excesses to affect his own popularity when he first came to power.

Unless he doesn't want to go back after four years.

Occupy Wall Street is a loss and a negative impact on Americaken's image, but on the whole, it is a good thing for Obama and the Donkey Party, both the financial crisis and Occupy Wall Street were created by Bush and the Elephant Party.

The longer Occupy Wall Street continues, the worse the damage will be to the party's image, and the damage will be even greater in the midterm elections two years later.

Therefore, from the perspective of bipartisan politics, New York under the control of the Donkey Party is not in a hurry at all, and the interests of the current Ameritian factions and parties are far greater than the interests of the state.

Zhou Xin's intuition told him that there might be a problem in this, because Merrill Lynch's cake, according to common sense, would not be NewPay's turn.

He hoped to get a more accurate judgment, and it was a pity to let it go in vain.

Therefore, Zhou Xin called Wu Shiqiang to him as a staff officer, and he still wanted to ask as many other people's opinions as possible.

Wu Shiqiang has worked in Ameriken, although he is a small role in Huaguo Bank, but after so many years of experience, even if he is put on Wall Street, he can be regarded as the number one person in terms of ability and experience.

People are determined by experience, talent is only a part of it, there is not much difference in talent between individuals, and Wu Shiqiang's talent is not bad.

Affected by the financial crisis that evolved from the subprime mortgage crisis, analysts believe that the neon economy may face a more serious decline in the fourth quarter of this year.

He also believes that the current world economic slowdown, the neon economy will decline further in the future, and hints that the neon economy may have negative growth in fiscal 2009. ”

"Eurostat recently released data showing that the EU economy is still facing further declines this year since it officially entered a recession in the third quarter of last year"

The financial news of Shenhai Satellite TV on the TV is filled with a strong crisis signal, and all the media are exaggerating an atmosphere in which the current environment is not good and everyone needs to do a good job of psychological expectations.

Your life is difficult, it's not your problem, it's the general environment is not good, don't be too pessimistic, life still has to go on.

But when you want to ask who is at fault and what can be done to change the arrival of such a crisis, not to mention that the media do not know, they will not tell the truth even if they do.

"That's probably the case, I'd like to hear your opinion." Zhou Xin asked.

Because Zhou Xin was in Zhangjiang, Wu Shiqiang spent most of his time in Shenhai and went to Yanjing when he needed to.

If he hadn't been tempted, Zhou Xin wouldn't have come to ask his opinion.

In Zhou Xin's huge career territory, his status is not even the top five.

"I think it depends on the price, the strength of the Fed's willingness to support and the reality of Merrill Lynch.

We need to know Merrill Lynch's current risk exposure and potential future risks, we need to know its balance sheet, and we need to have an understanding of its liquidity.

I think it's okay to agree verbally, then put forward our conditions, and then find an accounting firm to conduct a full audit of Merrill Lynch. ”

At this point in time, accounting firms are about to run out of food, and this kind of large order can be among the top few of the four major annual projects.

"Then there's the price, whether Merrill Lynch's price is appropriate, and whether there's room for negotiation.

I think there's a lot of room for bargaining, otherwise Paulson wouldn't be in such a hurry.

In addition, I also asked someone on the way here, and there are many reasons why Merrill Lynch does not want to sell to Bank of America, and the price is only one of them.

There are also people like Merrill Lynch who have 17,000 wealth advisors, to put it bluntly, sales and consulting, these people Bank of America will all be laid off, Bank of America has its own wealth advisors, they don't need this group of people from Merrill Lynch.

Including the Merrill Lynch headquarters, there will also be a big change, the people who work will stay, and the leadership will all be cleaned, even if it is not cleaned now, it will also be cleaned after a while.

Bank of America only wants Merrill Lynch's signboard, and its assets and liabilities, Merrill Lynch's people, Bank of America can be killed.

A large part of the impasse between the two sides over the price is because Merrill Lynch's management does not want to sell. ”

Wu Shiqiang's inside information is true, originally after the Bank of America acquired Merrill Lynch, first all the management was purged out, then the grassroots employees, and finally in 2013, the Bank of America directly dissolved Merrill Lynch, only retaining its name as a retail brokerage and investment banking business, which belongs to swallowing Merrill Lynch completely.

Even in 2019, Bank of America announced that it would phase out Merrill Lynch, a signboard that had lasted for 104 years.

"Finally, the Fed's support, Merrill Lynch wants $100 billion, that's impossible, no one can use $100 billion in cash to buy Merrill Lynch at this point in time.

Neither Goldman Sachs nor Morgan can do it, they need to rely on the support of the Federal Reserve.

If NewPay wants to acquire Merrill Lynch, it also needs the support of the Federal Reserve, depending on how strong the Fed's support is. ”

Zhou Xin had a complete idea after listening, and he nodded: "Okay, I know." ”

"Damn O'Neill, who made him make such a decision, how could Merrill Lynch be bought like this, or by Bank of America."

Merrill Lynch's acquisition by Bank of America is somewhat similar to the acquisition of China Securities Construction Investment by Huaguo Bank, which is something that is unacceptable to both parties if it were not for administrative intervention.

"Where was O'Neill at a time when the subprime mortgage crisis was so obvious, when Goldman Sachs executives were canceling their vacations to deal with the subprime mortgage crisis? He swings round after round on the golf course alone.

This is a problem with professional attitude, and he has caused irreparable damage to Merrill Lynch, and now he wants to solve the problem by selling Merrill Lynch, which is impossible. ”

"Bank of America even made an insulting offer, $50 billion, and O'Neill was actually moved in order to solve the problem!"

At Merrill Lynch's internal board meeting, the board representatives learned much later that O'Neill was planning to sell Merrill Lynch to Bank of America, and everyone was unhappy with the decision.

Because the price is too low, the hole was poked out by you O'Neill, and we have to bear the loss? Isn't that hilarious.

O'Neill is the CEO of Merrill Lynch, and since he became CEO in 2004, he has kicked all the previous executives out of Merrill Lynch and formed a team of his own.

As for why board representatives would allow him to do so, he laid off 24,000 employees during his tenure at Merrill Lynch, shut down operations in South Africa, Maple Leaf, Kangaroo Nation, Neon and New Zealand, reduced trading volume in U.S. stocks by 75 percent, and virtually eliminated the underwriting of commercial paper, short-term financing and agency bonds.

This was throttling, and the open source side was heavily involved in subprime loans and hedge funds to arbitrage, which brought huge gains to Merrill Lynch during the 04-06 period, when no one considered these to be non-performing assets.

All kinds of means make Merrill Lynch's financial data extremely beautiful, which is the source of O'Neill's power, and it has also become the straw that destroys him now.

Representatives of the board of directors could no longer tolerate O'Neal's behavior and joined hands to expel him from Merrill Lynch, how he ousted his former executives, and now he is being expelled in the same way.

Driving O'Neill out won't solve the problem, and Merrill remains on the brink of crisis.

"NewPay became a potential buyer of Merrill Lynch

According to the latest news, after Merrill Lynch gave an offer, Bank of America's willingness to acquire Merrill Lynch weakened significantly, and when the bankruptcy of Lehman Brothers became a reference case for Merrill Lynch, Wall Street analysts believed that Merrill Lynch would compromise and accept the offer made by Bank of America.

At this time, NewPay Chairman Peter Thiel said in an interview with the Wall Street Journal that NewPay is interested in Merrill Lynch, and NewPay hopes to help its Internet finance business reach a new level through the acquisition of Merrill Lynch.

According to a Merrill Lynch internal executive, Merrill Lynch did contact NewPay after expelling Stan O'Neal, and the two sides are currently preparing for the first formal negotiations. ”

For Merrill Lynch, NewPay's fate is good news, and one more buyer, they have a little more bargaining power.

Otherwise, Lehman Brothers' experience is in front of us, S&P has just downgraded Merrill Lynch's stock, and Merrill Lynch, which is riddled with negative news, really can't hold on.

Due to the good news that NewPay is willing to acquire Merrill Lynch, Merrill Lynch's stock has finally stabilized, and even if the S&P downgrade, it has not been able to prevent Merrill Lynch's stock from turning red against the trend.

"We believe the acquisition of Merrill Lynch will help NewPay better understand what first-tier investors want.

NewPay has always communicated with investors through mobile apps and web pages, and compared with specific people, such a corporate image is not warm. We hope to further improve our internet financial system through the acquisition of Merrill Lynch and help more investors. ”

"You're right, Merrill Lynch's fixed income division is losing money on mortgage bonds and subprime mortgage loans.

Therefore, we are only an intention now, and the specific acquisition intention can only be determined after we have detailed communication with Merrill Lynch. ”

"From my personal point of view, we are optimistic about this, Merrill Lynch has suffered a lot of losses due to the subprime mortgage crisis, the losses are temporary, and we value Merrill Lynch more than losses."

In an exclusive interview with the Wall Street Journal, Peter Thiel conveyed to the outside world that NewPay is optimistic about Merrill Lynch.

I am really afraid that I will not pass on this kind of positive news, and I am afraid that other financial institutions will make trouble and let Merrill Lynch go bankrupt directly, and it will be too late to acquire it at that time.

Not to mention that this is impossible, Lehman's bankruptcy has a lot to do with Goldman Sachs' refusal to trade with Lehman, and Goldman Sachs' refusal to trade with Lehman Brothers can be regarded as the last straw that broke the camel's back.

After Peter Thiel's public statement, Merrill Lynch instantly became a sweetheart, because Bank of America did not want to acquire Merrill Lynch, they just wanted to complete the acquisition at the lowest price.

Now that a competitor has emerged, it is only natural that Bank of America will raise its offer.

Procrastination is committed ...

(End of chapter)