Chapter 554: Making money with tears and anger
In fact, now, Fan Bingbing no longer needs to be an actor as his career as before.
Because in fact, Fan Bingbing has now become capital. Not only after she gave birth to the child, Barron has transferred the 15% of Huayi Company shares he held through Rich23 Capital to Fan Bingbing, but also his natural talent. Joint Venture Capital was registered in China as Fan Bingbing - although she is not the actual control of this company, Fan Bingbing still has a strong say in Trina TV Investment.
The reason why he will also participate in "Succession" and the subsequent "007: Quantum of Solace" is also to increase Fan Bingbing's international reputation.
It can be said that she is no longer on the same level as those ordinary celebrities.
In the future, Fan Bingbing will gradually change his role from a star to an investor and producer - similar to the transformation of Zhao Feite's side later, but at this time Fan Bingbing's background is comparable to that of Zhao Feite It's much tougher, and she won't use such low capital operation methods as hers.
Fan Bingbing herself has done a very good job in dealing with people, or in other words, she has a high emotional intelligence - this is how she handled her relationship with the media very well. Even after she was banned for some reason, the circle There were almost no insults to her. On the contrary, there were many people who owed her favors and eventually became a resource for her younger brother. It can also be seen that she did a good job in dealing with others.
Even the host who detonated the incident once said frankly that he was mainly focusing on his grievances with Feng Pants and the parties involved in the movie. Fan Bingbing was only involved and admitted that she was a very good person.
Therefore, as Barron's spokesperson in China, Fan Bingbing will also do what she is good at, which is to act as an "image spokesperson" to make investments and maintain relationships. As for business decisions and operations, there is no need for her to go there. Just handle it yourself and leave it to the professionals.
Generally speaking, Fan Bingbing's role is similar to that of Ivanta in the United States. The difference is that Ivanta's family background can give her more possibilities, and thus she will bear more in IC capital. Responsibility.
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On August 1, 2007, stockholders began to file the first lawsuit against Bear Stearns over the collapse of Bear Stearns' hedge funds. Bear Stearns, one of the five largest investment banks on Wall Street, began to get into trouble. among.
On August 8, BNP Paribas announced that it would stop withdrawals from their money market fund investors due to problems caused by the U.S. subprime mortgage crisis...
In fact, even though they have long been willing to start negotiations on the CDO betting contracts held by the Black Swan Fund, Goldman Sachs Group and Morgan Stanley still have not shown too decisiveness.
Goldman Sachs Group was doing well. They finally reached an agreement with the Black Swan Fund on August 10. By this time, their gambling agreement and Goldman Sachs Group's book losses had reached US$2.5 billion!
The Black Swan Fund made a slight concession and agreed to settle the gambling agreement with Goldman Sachs for US$2 billion, which finally gave Goldman Sachs the opportunity to stop its losses in time.
"What I want to know is, do you still have subordinated debt insurance (CDS)? We will buy a lot of it."
This is what the senior vice president of the other party said to Phelan O'Neill, CEO of Black Swan Fund, after the gambling agreement with Goldman Sachs Group was settled.
"We have some, but you know, these CDS now, one price a day..."
"That's not a problem, we just want the deal done right away!"
It is obvious that Goldman Sachs Group’s attitude shows that after they stopped their losses in time, they have begun to turn their guns on those investment banks that sold more subprime loan obligations (CDOs) – those investment banks they once shared the same trench with. friend……
Maybe that's wrong. In the financial field, I don't have many friends.
What Phelan O'Neill said is true. The price of CDS insurance bonds today is indeed one day, and there will even be a huge increase on the same day.
For example, some of their CDS insurance policies were valued at 0.5% when they were first purchased, but have now risen to more than 30%...
This means that they originally purchased an insurance policy with an insurance amount of US$100 million (to insure a US$100 million subprime mortgage loan) for only US$500,000, but this insurance policy can now be purchased for US$100 million. 30%, which is $30 million, is sold!
Of course, you may also wait until later to fully claim the $100 million in insurance from the insurance company...
But both Phelan O'Neill and Barron understood how many such insurance policies they held, and the total insured amount was an astronomical figure. At first, because of the hot real estate market, no one thought These policies have the opportunity to make claims, so the price they pay for these policies is very small compared to their total insured amount.
Even if only one-fifth or even one-tenth of the policies in their hands can complete claims, I am afraid that those insurance companies that are currently large-scale are willing to choose bankruptcy...
Therefore, it is really better to sell it at the current 30%, or 35%... Anyway, it is a price that can make them make a lot of money. At least they can lock in the profits and invest the funds in the next round of short selling.
As for if you ask banks and investment banks including Goldman Sachs, Morgan Stanley and UBS, why are they willing to buy these insurance policies?
Of course, on the one hand, their power on Wall Street is enough to get enough claims from insurance companies, even if they cannot fulfill the claims 100%, because a lot of the money they lose comes from the funds they manage. This also explains something to their investors...
Of course, now it is not just Goldman Sachs or Morgan Stanley who want to buy these insurance policies. Almost all investment banks that have sold subprime loan debt (CDO) in large quantities have begun to frantically buy those CDS, trying to To make up for some losses, or run faster than everyone else.
In the words of Phelan O'Neill, what these investment banks are doing now is like "almost desperate to buy fire insurance for a burning house"...
In the end, the Black Swan Fund received US$2 billion in "gambling agreement" compensation from Goldman Sachs Group, and sold a CDS insurance policy with a total compensation of US$10 billion at a value of 30%...
This also means that the Black Swan Fund received US$5 billion from Goldman Sachs Group, and the cost they paid can almost be ignored...
At the same time, Goldman Sachs Group should be lucky enough. After all, the CDS insurance policies they purchased were enough to offset their losses and even make a profit. They were not shy about offering their "sincere support" to the Black Swan Fund. friendship".
As for Morgan Stanley, their actions are even slower than Goldman Sachs.
As of August 19, that is, one week after the Black Swan Fund reached an agreement with Goldman Sachs Group and sold CDS, their gambling agreement with the Black Swan Fund had already caused them a book deficit of more than 4 billion US dollars. after……
They finally had to face reality and completed the liquidation of the gambling agreement with the Black Swan Fund at a price of US$3.5 billion...
At the same time, in order to express its friendship, the Black Swan Fund also kindly sold Morgan Stanley a CDS insurance policy with a total compensation of US$10 billion at a value of 35%...
Under the grateful gaze of Morgan Stanley, the Black Swan Fund made a tearful profit of US$7 billion.
In this way, Goldman Sachs Group, Morgan Stanley, and the Black Swan Fund have already received US$12 billion from these two companies. If this was said a year ago, or even half a year ago, no one would believe it.
But even so, Goldman Sachs Group and Morgan Stanley still have the opportunity to minimize their losses and maybe even make a small profit from the CDS they bought and the subsequent short selling.
So who loses?
