Chapter 590 I'm here to help
When Feng Yiping heard Raulder's tone, he knew that his affairs were stable!
"Oh, why not?" he asked in a relaxed tone.
Raulder also realized his disobedience at this time, "Sorry, I didn't mean that,"
That's what I mean!
Do you know why the Korean banking group led by South Korea Industrial Bank cannot buy Lehman's shares in the end?
That's because we do the work behind the scenes.
The National Bank of Korea in the bank group has always been intimate with us. Since the Asian financial crisis, we have been its major shareholders.
National Bank of Korea is the only professional foreign exchange bank in South Korea and the major shareholder of the exchange bank, which means that we indirectly control the exchange bank.
The exchange bank is the largest creditor of Samsung Group... We are still shareholders of LG and guests of SK Group...
With these things, how could Fuld want the Korean banking group to help him get out of his predicament?
Do you know why Sumitomo Mitsui Bank, which Fuld asked for help, was not interested in them?
That's also what we are trying to do behind our backs.
In the 1980s, Sumitomo Bank invested in Goldman Sachs. In 2002, it merged Sakura Bank and changed its name to Sumitomo Mitsui Bank. Because of the big bad debt, they had to sell our shares and save themselves because of the loss of money.
We soon took the opportunity to invest $12.5 billion in them, and in turn became their shareholders.
So, Sumitomo Mitsui, how could he agree to invest in Lehman?
Do you know why Lehman's stock price has been falling recently? That's also what we are trying to do behind the scenes...
We spent so much effort and finally forced Lehman to breathe a sigh of relief. We just fell after signing the bankruptcy statement. At this time, you suddenly jumped out to acquire it?
Then aren’t our previous efforts wasted?
"Feng, you may not know Lehman's situation. The toxic assets they have been audited have reached more than 70 billion US dollars," he deliberately lowered his voice, "So, isn't you going to take on a big bag?" Raulder acted as if I was completely thinking about you.
"I know it's more than 70 billion," said Feng Yiping.
When Rauld heard this, he immediately wanted to curse himself again. This bullshit meeting said it was kept confidential. What is it like to keep it confidential? Isn't it just like a sieve?
"I also know that you and your colleagues on Wall Street have already expressed their investment in the acquisition of these assets," Feng Yiping continued.
You even know this? Raulder was too lazy to complain about the confidentiality measures of the meeting at this time.
"And don't say it, I really like some commercial real estate in Lehman's hands."
The reason why he was thinking about Lehman was that he was interested in the commercial real estate they held. If he could get it at a low price at this time, then after the crisis, it would naturally be a good business with stable returns.
This is really prepared, Raulder thought for a while, "I understand your idea completely, but Feng, do you think it will take several years for the transaction prices of these properties to remain the same as last year or early this year?"
"I believe more that with your perspective, there are definitely other projects worth investing in,"
"Also, I have to tell you, how can the investment banking industry compare with companies in Silicon Valley? Not only is the profit low, but the risk is also high. Otherwise, look at our current situation."
Feng Yiping laughed again, "I know, I know, it's because I think you guys are working too hard for money, so I want to share the burden for everyone," he said.
Raulder didn't care about Feng Yiping's mood of saying such sarcastic words at this time. Feng Yiping didn't sound like a joke at all.
But Feng Yiping's acquisition of Lehman was completely unacceptable.
Lehman, who was at the helm of Fuld, is considered an opponent, but if Feng Yiping had taken the helm, he knew that Lehman would definitely be their biggest enemy.
Think about Feng Yiping's vision.
He doesn't have to be responsible for it, he just needs to point out the direction for the people below. Then, at that time, Lehman might not share one or two for everyone, and it is very likely that he would share one or two for everyone, and they would easily own at least five or six.
That is the real wolf driving the front door and the tiger entering the back door is completely not worth the loss.
He sat down and stood up again, "Feng..." He wanted to ask in vain, you were joking, right?
Feng Yiping seemed to know what he was going to say, "We are ready,"
"But Feng, you know the relevant supervision. Although Lehman is an investment bank, but..."
Feng Yiping didn't say anything.
Rauld immediately realized that he had asked another stupid question, "Oh, United Fund,"
"Yes, I was about to say just now that the United Fund is ready to contact Lehman and the officials in the Four Seasons Hotel,"
The United States' supervision of investment banks is already very relaxed, which is why so many foreign funds can invest in Wall Street investment banks.
What's more, Feng Yiping has a joint fund.
Dare to say that the United Fund is not the United States? Let Bolling first, then Peppa, and finally magnify the killer of Jobs... I just ask, who can stop it?
As for why the helmsman of two companies, Apple and Google, would actually intervene in Wall Street at this time? That reason is not only sufficient, but also very glorious.
When the Wall Street borers messed up the financial field, we were just saving the market.
We hope that through our efforts, subprime mortgage loans will be allowed to pass as soon as possible and not cause more harm to everyone.
Speaking of which, Silicon Valley has been involved in so many industries over the years. In the financial field, we are not without actions, such as the popular ayal.
We also hope that Wall Street where we participate can support more startups and make the iyi path of high-tech companies smoother...
Similar excuses, ahhhh, are the reasons. Feng Yiping could easily find dozens of them.
When he walked in alone, he was about to speak, Raulder waved his hand to shut up, walked to the window, opened the curtain with a "brush", and his eyes widened.
Looking at this familiar city, he finally calmed down.
He picked up the cold coffee on the table and took a sip. He smiled and sat down, "Feng, tell me what you are doing,"
Then he finally understood that Feng Yiping naturally had other plans, otherwise, why not call Fuld or Paulson, but call himself?
If you want to say it, I blame myself for being a little impatient, otherwise I would have seen his intention long ago.
This can only be said that Feng Yiping's luck is really good.
Raulder not only wanted to kill Lehman, so he did not accept Lehman's survival. More importantly, he was worried that he would not get the more than 60 billion US dollars of Aig, so he was not as smart as usual, which made him follow Feng Yiping's rhythm for a while.
"Where do I have any conditions?" Feng Yiping also sat down on the balcony. More than a dozen people gathered in the room behind him were nervously paying attention to his movements.
"In this way, let's look at the market trend after Lehman goes bankrupt, is it okay?"
"You said," Raulder, who had completely calmed down, was very calm at this time.
"I think that after hearing the news of Lehman's bankruptcy tomorrow, people will cheer," Feng Yiping looked out.
Raulder could think of this.
At this time, if anyone can see them, Wall Street people are unlucky, they will be happy.
"But the market performance will definitely not be so good. The Dow Jones Industrial Average will fall at least a few hundred points,"
Raulder nodded, and this prospect was also expected.
"But what is even more terrifying is that the already extremely fragile market confidence, which was hit by Lehman's bankruptcy, collapsed rapidly, and then investors will withdraw their investments from the stock market, from the bond market, from the bill market, from the repurchase market, from the money funds... and other non-treasury financing markets," he said.
"What will happen when panic spreads further?"
Feng Yiping still spoke with ease, but Raulder wanted to stand up again.
He knew that result too well, because it would be the nightmare that bankers fear most throughout history: bank runs!
Feng Yiping also said, "The run is a full-scale run for the entire financial system!"
"I guess it will only take a week to evolve to that point,"
I'm afraid it won't take that long, Raulder thought.
"So Raulder, do you think, a week later, are you sure your Goldman Sachs can handle such a challenge?"
Which bank can handle such a challenge?
"Okay, Feng, just say anything,"
"Do you still remember that I told you that when I need it, will I support you with funds?" Feng Yiping said.
Of course Raulder remembered, but he really didn't expect that there would be such a day.
"What are your conditions?"
"Hey, you said the conditions again. We are friends. I'm here to help," Feng Yiping said. "I just want to subscribe to Goldman Sachs shares and help you with your help," he said.
Chapter completed!