Chapter 986

Port of Spain, the capital of Trinidad and Tobago, is a beautiful coastal garden city and a deep-water port. It was once a Spanish colony more than 400 years ago, hence its name.

This country is a relatively developed country near the Caribbean Sea, with the majority of black Indians, ranking the second in the world in murder cases every year.

Equatorial countries, extremely hot, Trinidad Hilton Segmen Hotel luxury suite, Andy is only wearing a pair of shorts, leaning on the sofa, smiling at the TV on the U.S. Treasury Secretary Paulson's press conference.

"The Fed has taken appropriate action to work with market participants to minimize the impact of the financial crisis...

The Federal Reserve bailed out Bear Stearns, thus avoiding further damage to other financial companies and the financial system of the United States...

I'm very confident that the U.S. financial market will get rid of the current chaos. The U.S. economy still has the ability to recover. I think a strong dollar is in the interests of the U.S. "

Andy's smile became more and more brilliant. He knew that the short of Bear Stearns, the fifth largest investment bank in the United States, hurt the American financial system completely.

But who cares!

As long as he is Andy Smith, a lot of dollars is his goal. The opportunity brought by the subprime mortgage crisis is precious. Only by cutting meat from big companies can he eat. When the whole world is in the economic crisis, it is a general decline. The opportunity seems to be many, but the opportunity to make a lot of money is not too many.

Buzzing -

Andy's heart slightly shakes, grabs the mobile phone on the desk, and hears the excited voice of the opposite al after connecting.

"4.7 billion! Boss, in three days, we made $4.7 billion from Bear Stearns! "

"Yes! Well done! I want to celebrate for you! Big celebration! Fxxk! Tell everyone that your yacht has landed! "

Andy's face turned red with excitement. He punched hard in the air. He was excited and excited in Xie's heart. He didn't make money in robbing the bank. Well, Bear Stearns is a bank in a sense.

"Talk about the process, damn it, I really want to go back to New York right now..."

"The process is like this

Andy goes to the bar, pours himself a whiskey, takes out two pieces of ice from the refrigerator and throws them into the glass. He listens to Al's narration and shakes the glass.

"Gudong!"

Andy drinks all the whiskey in his glass, which is cool but not bad. The excitement on his face still hasn't dissipated, but he says in a slightly disagreeable voice: "that is to say, in three days, Bear Stearns has 17 billion dollars of cash reserves evaporated, and we just took 4.7 billion of them? Damn it, I'm a little reluctant! "

"Cough..."

Andy hears the slight cough of Al on the phone, laughs and says: "well, I'm a little greedy, so are we going to join in the team of dividing up Bear Stearns's high-quality assets?"

"Sorry boss, I'm afraid we are going to lose this chance!"

"What's the matter?" Andy's eyebrows were raised and he poured himself another glass of wine.

"Standard & Poor's downgraded Bear Stearns's long-term credit rating to BBB and said further downgrades are likely based on the company's lack of liquidity. Moody's also downgraded Bear Stearns, which is now three notches higher than junk stocks.

Bear Stearns is likely to be sold within 28 days after receiving the emergency loan. Paulson has already flown to New York. He has already been to Mg chase. At present, the news we get through the information channel is that Mg Chase has expressed its intention to buy Bear Stearns

"Shetter!" Andy drinks all the whiskey, smashes the glass on the bar, swears, "offer to buy the price?"

"Mg Chase's first acquisition price may be only $2 per share, with a total price of $240 million..."

"Fxxk! It's less than a quarter of the price of the Manhattan office building in Bear Stearns!"

Andy's face was gasped, his excitement of making 4.7 billion dollars was completely broken, and he swore, knowing that Mg chase was the one who finally picked up the big bargain.

"This price will certainly not be the final price, nor will bear's board of directors agree. We expect to complete the acquisition at $10-15 per share.

In such an emergency, the price of Bear Stearns's acquisition is naturally irrational.

This price also shows the additional risk that Mg Chase has to take. They have to set a margin of error for themselves, so that even if they are wrong, they will not put the company in danger and be dragged into the water! "

"Hoo --"

Andy said in a very disagreeable cold voice, "what can we do?"

"We can't do anything. The asset volume of Bear Stearns has reached 500 billion US dollars. Although we have good strength, we can't bring enough confidence to the market and save Bear Stearns even if we dare to accept Bear Stearns. Instead, we will be buried in a huge pit.The most important foundation to support the modern financial system is not the physical assets in the physical world, but people's confidence in the system itself and the credit of the participants in the system in the eyes of other participants. Once confidence is shaken, once credit is stopped, the tallest building will collapse in an instant, even faster than the world trade center in September 11th

"Ah, yes, any financial institution, once there is a credit crisis, it will spread like a plague. And it's us who open Pandora's box, dammit, Mg chase! "

Andy gritted his teeth and sighed, "how much cash flow can we use now?"

"Gold futures have all sold off. At present, the total amount of money in London is 5.3 billion pounds, and that in New York has reached 15.2 billion dollars."

Andy's fingers are flying on the bar table, and his eyebrows are staring at him. Although the cash has reached more than 26 billion dollars, it's just enough for the next plan, but he really wants to eat with the financial company of the size of Mg chase. To be honest, he can't really rob them.

Looking at the current situation, his people launched a war. Although they also made a lot of money, it was mg chase that really covered all the war dividends.

"Well, since that's the case, Bear Stearns's commercial bank, which we miss, seems hopeless. Have you chosen your next goal?"

"It's almost finished. The next one is Merrill Lynch!"

"When will it start?"

"Mid April."

"Well, I'll be back in New York at that time. By the way, although mg chase is cheaper, it can't let him go so smoothly. Let his competitors join in the competition. Your celebration can be bigger. Let the wall street in panic feel our success!"

Andy is going to disgust Bear Stearns and Paulson, the father of Wall Street, to make all the Wall Street giant babies trapped in the same predicament as Bear Stearns stuck in their throat, to remind them that there is a more greedy and bloodthirsty shark swimming in the same street, ready to eat their meat!

As Andy hoped, with Bear Stearns in crisis, panicked investors began to focus on other large Wall Street companies: who would be the second Bear Stearns?