Chapter five hundred and ninety sixth cooperation
On the early morning of September 18th, the Kennedy Airport in New York was still as busy as before. At the exit, there was a crowd of people, lively and indifferent.
As a group, it seems difficult to see the projection of the current bad situation from their faces, but there are still changes, and it is obvious.
Those young people who usually only focus on entertainment versions are now also paying attention to financial news on the front page of the newspaper.
They were also helpless. Ironically speaking, when Wall Street was in its glory, they were actually far apart from ordinary people. The luxurious and luxurious life also naturally separated them from ordinary people.
But when Wall Street was in bad luck, suddenly, many ordinary people had to share the same fate with them.
Don’t want to share the same joys with them, but you have to share the same sorrows with them. I can only say that the financial industry has a huge innate advantage in function setting.
After a long-distance flight across the ocean, Feng Yiping seemed a little tired.
Mainly, he only slept a few times along the way. On the one hand, it was because of his worries, and on the other hand, it was because of the many people on the plane this time.
Next, you should have the chance to buy a plane.
"Mr. Feng," Li Rui waved to him from afar.
Feng Yiping looked at him and nodded, "Thank you for your hard work, Mr. Li!"
He patted his shoulder, "You don't need to pick up the plane at all."
Li Ruiyuan looked even more tired than him, which shows that the workload in the past few days has really been quite large.
"Mr. Feng, I didn't do it well, I still have so many contracts..."
Feng Yiping interrupted him, "Everyone has worked very hard,"
His speculation was right in the direction.
Under the current situation, in order to crack down on the greater impact of hedge funds on financial institutions, the guys from the regulatory authorities have indeed announced that they will temporarily ban the shorting of financial stocks.
What he didn't guess was that the first move was not the United States, but the United Kingdom, who had just played the United States.
Of course, I believe the United States is happy that Britain will rush ahead this time.
Because if it is understandable to say that the rescue of two houses and Aig is still a matter of exaggeration, then, issuing such a ban, no matter what, is an administrative order to interfere with the free market.
You know, this is also a practice they have criticized many times in the past, such as during the Asian financial crisis.
It is really not easy to do this, but it is great if the United Kingdom is ahead and makes the first bird. The United States quickly followed the United Kingdom and announced this order before the market opened in the morning.
Without asking, the US stock market will definitely rebound after the market opens today.
But that doesn't matter. The contract they still hold is only a few million US dollars, which is nothing compared to the profits these days.
"After today, everyone can have a good rest, and you will go home too..." He paused, "Or, take your family with you and find a beach to bask in the sun,"
“It’s actually good in China.”
Li Ruiyuan nodded, "Yes," and shook his head, "Hong Kong is now..."
Feng Yiping patted his shoulder again, "It will pass,"
"I think the Hong Kong government should hold the relevant institutions accountable, and we will also speak out, preferably those banks that mislead citizens must compensate individual investors for their principal," he said.
"Thank you," Li Ruiyuan didn't hide his emotions in front of Feng Yiping, "but, there must be a long process."
What it means is that some people may not be able to hold on now.
Feng Yiping had no good idea about this.
It must be said that the individual investors who suffered the biggest and most concentrated losses this time were not in the United States, but in Hong Kong.
In Hong Kong, hundreds of banks and three securities institutions have sold more than 14 billion Lehman bonds to more than tens of thousands of Hong Kong people.
This Lehman bond can be said to be a derivative of financial derivatives, and has a unique name in Hong Kong, "mini bond".
The reason why it is called "mini" is that in order to facilitate sales, the sales agency split the original $1 million bonds to tens of thousands of Hong Kong dollars to facilitate sales to citizens.
In fact, this kind of thing should not be used for retail purposes at all, because its collateral is a lot of financial derivatives that even these underwriting agencies cannot figure out. How can the people who buy it know that the bonds they buy are actually very unreliable?
It is said that the contract for this kind of bond is as high as 54 pages!
I believe that few people will finish reading it, and the important thing is that few people can understand it.
But when selling, the sales staff of the bank said it was very simple, "This is a bond that guarantees capital," "I will get an annual interest of 6 cents in the first 6 years, and I will pay it back in the eighth year," (It seems that many domestic banks are also on the road of fooling and misleading like this,)
Many people invested all their lifelong pensions in Lehman's name and pretty good returns, and the important thing is safety.
As a result, when Lehman fell, they realized that the interest rate will stop being paid next month and the principal will not be guaranteed... the lifelong savings have become waste paper.
Not only ordinary people were implicated in Lehman's bankruptcy, but also many former Hong Kong government officials. They threw all their annuities into it, and some well-known artists were no exception. Jacky Cheung, Maggie Cheung, Kareem Rene Chan, father and daughter Rene Liu...
The singer, who had already had a wife and children, announced with a bitter face that he had lost 40 million, so he had to end his leisurely retirement life and continue to start work.
But Feng Yiping has been working as a God of Songs but still has not retired for so many years. It can be estimated that he lost far more than HK$40 million, and it is estimated that the fugitives who were caught at his concert should have never imagined that they were the culprit, which was the one who brought down Lehman to the destruction of Dick Fulder).
In addition, some Hong Kong people invested in foreign real estate before, but now they are insolvent. For a moment, Hong Kong is really similar to the Asian financial crisis. People often use themselves as kites on high-rise buildings... Alas!
Speaking of which, compared with the mainland, Hong Kong as a free port, the people do have more channels to invest, but accordingly, there are more opportunities to be cheated in this way.
However, due to the sharp drop in the domestic stock market, many mainland investors have not been much better this year.
…………
Downstairs of Goldman Sachs' office building, Raulder shook hands with Feng Yiping in a spring breeze. Opposite was a large row of cameras and cameras.
The flash flashed, and the scene of Feng Yiping smiling and whispering to Raulder was recorded by many reporters.
They must have never imagined that Feng Yiping, who had a smile on his face, said something to Raulder, and Raulder's face was particularly rosy, not because of his happiness.
That's mainly because Feng Yiping's handshake was very hard.
And he said to Raulder, "Would you like this?"
Raulder smiled and waved to the reporters, taking Feng Yiping into the back, "If you lower the conditions and inject $10 billion into us in advance, you can save a lot of these links," he said.
Feng Yiping glanced at him, do you think I am a fool? "I don't want you to be said to be without the spirit of contract because of this behavior,"
"Haha, at this time, I don't care," Raulder took Feng Yiping into the elevator. "Did you know, we have calculated that the $5 billion call option you asked for is the $5 billion preferred stock you bought. When we buy it back in two or three years, your profit will be at least more than $2 billion."
Feng Yiping performed very easily, "You still have the freedom to shout for a stop now,"
"Didn't you calculate that I don't have the ability to stop?" Raulder couldn't help rolling his eyes - Feng Yiping found that this guy often rolled his eyes when he was interviewing on TV.
He looked at Feng Yiping seriously, "You are really Chinese?"
"Why do I think you are a Jew who is more authentic than me?"
"You've been too proud. I'm just a little more capable in this area," Feng Yiping glanced at him and said lightly, "I'm just a genius,"
"But don't worry, I'm definitely not as good as you in terms of profitability,"
"Haha," Lauder laughed, "Feng, you're getting more and more interesting,"
He reached his body and walked into his office with Feng Yiping's shoulder. "In an hour, we will attend the signing ceremony,"
"Minimal water, thank you," Feng Yiping said to his blonde secretary, leaning lazily on the sofa, picking up a newspaper and looking through it, "John is here, he will come forward to all these things."
He glanced at Raulder, "Of course, I'll be there,"
Since you want to make money, of course you have to pay the price.
"Thank you," Raulder sat intimately, "You have to have an interview,"
Chapter completed!