When the Treasury and the Federal Reserve are still worried about the rapidly disappearing liquidity of the market, they try to match Goldman Sachs, Citigroup, Mg chase, Mg Stanley, Wachovia and other possible M & A bodies, in order to delay or rescue the "cash flow"!
Both in the White House and on Capitol Hill, those who have won the benefits of "defending Goldman Sachs and Mg Stanley" have started to fight around with the help of lobbying groups, in order to lobby Bo for the coming rescue plan.
It is in such a situation that all kinds of news are flying around and asking for information from each other. In the future, the economic future is unclear. When it is in a state of confusion, because of giving up the acquisition of Lehman Brothers, it wants to give the Americans a hand, and then it is buying the high-quality assets of Lehman with cabbage price. But in the end, the acquisition team of Barclays Bank has just dropped from Dulles International Airport in Washington They were so tired that they couldn't even take a rest, so they got in touch with alvette. They hoped that the two sides could meet immediately to discuss the acquisition.
When Andy is in the CP Hotel's luxurious conference room and Robert diamond, President of Barclays Bank, he looks at the president with a Chinese face, a little frost on his temples, a deep voice and a little bitter smile in front of him. Andy really wants to say to each other, "Zhou Lang has a good plan to settle the world. He has lost his husband and lost his army."
We need to know that the total market value of Lehman Brothers was more than 33 billion dollars a year ago. Although Lehman's assets in North America were about 5 billion dollars, the investment banking and capital market businesses in North America were also valued at that time.
Andy can use 250 million dollars to cut this part of assets, it is in many people who are ready to make a big profit.
In fact, at this stage, there is no leisure for both parties to meet. After all, Barclays is the more urgent party. Andy's price of 800 million US dollars is acceptable to Barclays Bank, because even this kind of price, they also make a profit. Well, they can only comfort themselves so much 。
About two hours later, the two sides reached a deal, which includes the North American Investment Bank of Lehman Brothers, including bond, stock sales, trading business and related investment business. The number of employees is about 8000, and the transaction amount is 800 million dollars. Andy didn't make any concessions.
At 5:00 p.m., Andy and Robert diamond, President of Barclays Bank, held a press conference in the conference hall of CP Hotel. Hundreds of reporters came from the conference. Although the scene was a bit noisy, Andy was in a great mood at this time. He would care about these irrelevant and important things.
In the eyes of many reporters' admiration and admiration, the signing ceremony was completed, and the transaction was officially concluded. As the news spread quickly, those former Lehman employees saw that they were sold without knowledge. Their mood was conceivable, but no matter who they were, they would not care about their mood. After all, they could keep their jobs in the United States at this time It should be very fragrant.
Whether it's Wall Street or Washington, watching the latest news, it's really different in expression and complex in mood, but it's more the admiration and envy of ordinary people, the five people who admire Andy's ability to make money, no effort, two days, net income of $550 million.
The American media finally caught the chance to ridicule the British people who wanted to go down the drain and take advantage of the fire. In the news, they boasted Andy's shrewdness and ridiculed the British people for their "smart plan". The collapse of Lehman not only caused their own stocks to plummet, but also was killed by Andy Smith.
At a time when the American economy is in decline, it adds a touch of pleasant color.
The people of Barclays Bank tactfully solved Andy's invitation to hold a toast. After the press conference, they hurriedly took people away. Andy said that he understood very much. He wanted to come to the other party and didn't want to stay with him for a minute.
On his way home, Andy received a lot of congratulatory calls, Warren's envy, Goldman Sachs, Mg Stanley's help, his women's admiration and admiration, as well as the anxious Paulson's hope for help.
"Boss, what's the matter?" When Al saw his boss hang up Paulson's phone, he fell into a deep thought and asked.
"He wants me to fulfill my promise and help him get moral immunity! I'm thinking about whether to grant his request. " Andy, to be honest, didn't want to help him because that would allow Paulson to formally and freely help Goldman Sachs from now on!
In the process of this rescue, he will not have to worry about any decision-making will be calculated after autumn, so his courage will become very big.
"Boss, you can promise him that moral immunity is very important to him, but it should be very simple for you to promote, which is much easier than the struggle between the two parties in Congress next.
Besides, even if he can help Goldman Sachs and Mg Stanley without worries, it has no impact on us. You don't have to deal with him in this matter. Wall Street really has to be rescued by blood transfusion. None of us want it to collapse, rightHearing al's advice, Andy nodded slightly, his eyes narrowed to the Washington street view outside the window. Many shops closed early, and pedestrians were rare, and they were in a hurry.
When he returned home, it was his mother's admiration and happy smile to welcome him. Otton was also in a very good mood. He was numb to his son's ability to make money.
After chatting for a while, Andy talked to Osten about Paulson's call for help. After frowning and thinking for a while, Osten said: "according to my information, Paulson submitted the plan of acquiring the troubled assets to the president. A grant needs to be made to Congress to buy troubled home mortgages in the market. The amount may be as high as hundreds of billions of dollars, and this plan will certainly cause great controversy between the two parties in Congress. The opposition voice can be imagined.
As for the moral immunity, it only needs to be issued by the White House legal counsel and the Ministry of finance. Naturally, the Ministry of finance has no difficulties for him. Now it is the White House that has been stuck, which is what your grandfather means.
Since you have promised that the Smiths will help him once, this moral immunity is undoubtedly appropriate and can be easily achieved without our efforts. "
"I see." Andy nodded, then picked up the phone and called his grandfather Smith. After a brief chat, he got to the point and said something about Paulson.
In this regard, old Smith almost agreed without hesitation. Hang up the phone, Andy is in his heart. This may not be the result of his grandfather's calculation.
On the morning of September 18, the following day, an interesting situation "successfully" emerged. White House counsel and the Treasury Department issued Paulson with exemption documents.
Sitting in the boss's chair of the Treasury office, Paulson looked at the exemption document in his hand with complicated eyes. He could not help but smile. After the collapse of Lehman Brothers, Paulson realized that he needed more power to carry out the rescue operation, which needed the authorization of White House and Congress.
He may be able to threaten and order the greedy vampires to act according to his command in New York, Wall Street, but once back in Washington, he is the one who needs to circle and compromise in various political circles. The political reality in Washington is depressing.
When Paulson was feeling helpless, the phone on his desk rang again, and he picked it up without any hesitation. Then he could not see his face become colder and more serious.
"You're going to solve the problem by the end of this week." Paulson's tone is a little helpless to remind the other side.
"Hank, do you think I should sell Morgan Stanley?"
At the other side's depressed tone, Paulson hesitated, and finally said: "the consequences of Morgan Stanley's collapse are too serious, John, I believe you should sell it if you can.
In the evening, I will directly raise this issue with the senior officials of the Chinese government. If they are interested, as for Mitsubishi UFJ Financial Group, seriously, I doubt that the footman's movements are fast enough, because the situation of Morgan Stanley is imminent, and I don't want to encounter such situations as being teased by the British. "