Three hundred and ninety-eighth see through
Raulder is really unhappy these days. He is full of hope and spent more than 2 billion US dollars in cash to acquire the loans he acquired. At present, it seems that not only does not bring any profit, not only does he not allow him to take the initiative in facing Feng Yi, but he has become a burden.
He had heard that John, during his talks with Moh, and during his talks with Lehman, said more than once that Hilton was not their only one. If they did not accept their conditions, then they actually didn't care. You should keep the loan to Blackstone, and they only need to get the return of the credit default swap agreement signed.
Originally he thought that those words were just means of negotiation, but now he knew very well that what John said at the beginning might be mainly for himself.
Especially, what they said was very likely not to be a threat or just a statement. They should be really prepared and if they don't work, they will give up the acquisition of Hilton.
Because whether it is the loan they have already received from Jamie Dimon or the loans they are about to receive from Lehman Brothers, they are all such low prices.
In fact, it is no different from buying bonds at a low price. Keep them in your hand for a few years. When Hilton's operating conditions improve, it will definitely appreciate a lot.
Raulder also knew very well that the main reason why Feng Yiping agreed to his proposal so readily was probably because he knew that this would prevent these investment banks from directly taking out large cash returns.
That is, it can ensure that the investment in their funds will not be wasted.
Acquisition of Hilton can be said to be a coincidence. It is good to acquire it. If not, then it doesn’t matter.
The key to the problem is that Feng Yiping is sufficiently funded, so he can hold those loans in his hand for several years.
But where do they have such conditions at present?
Just like what Deutsche Bank said, their most important task at present is to cash out all realizable assets, that is, to ensure their liquidity - liquidity in a narrow sense refers to the cash held in their hands and the unburdened assets that can be quickly realised.
In this way, we will ensure that we will not follow Bear Stearn's footsteps in the future.
Under the current situation, no financial institution will think it has prepared too much money.
So at this time, I spent more than 2 billion US dollars to buy more than 5 billion face value loans, which was a very foolish behavior.
Because, Blackstone will not repay those loans in the short term, not only will it not repay them, but it will also want to take the opportunity to reduce some of them. Except for Feng Yiping, no one will be interested...
That is, they spent more than 2 billion US dollars in cash and bought a lot of assets that could not be cashed out and could depreciate.
Even if the board of directors does not hold him accountable now, he will definitely not let him go in the future.
At such a time, when encountering such a "loss of both people and money", how can you accept Raulder, who has always made plans and only takes advantage of the situation but not suffer losses?
Feng Yiping watched the beer bottle in Raulder's hand cross the side of the boat and fell into the turbid river water. He sat up and his eyes became sharper, "Oh, can't I make a fool of myself behind my back, are you still angry?"
Raulder stood up and looked at Feng Yiping with his waist, "Yes, we are just competing with you to acquire those loans, so what's wrong?"
"We just want to take the opportunity to earn some meager handling fees from it. Is this wrong?"
"In fact, it is equivalent to helping you do some things in advance, or to advance money to do these things for you. Right, it has saved you a lot of time and energy and charged a little handling fee for this. Is this wrong?"
As Raulder spoke, he seemed to believe his own words, and his face was a little angry, "If it weren't for you, not because of me as a friend and partner, would I take the initiative to do this?"
"Paipa," a sound of applause rang out.
Feng Yiping stood up while applauding, smiling at Raulder, shaking his head and saying, "Excellent, really wonderful!"
"I almost believed it,"
"In other words, I have to thank you for your behavior behind your back.
Chapter completed!