Vol 6 Chapter 362: The eve of harvest

[Title: Rebirth eve of the business tycoon's body ninety-two chapter three hundred sixty-two harvest: plum blossoms fall river]

The latest chapter of "Rebirth 92: The Business Tycoon"~ The domain name of this site: "166 Novel" is a shorthand homophony, easy to remember! Good-looking novels are highly recommended: All the way to the world, literary and artistic star, my family loli is a star super-powered, right-handed Qing Yueguan back to the sky cannon fodder strategy Starway strategy nbsp; Bear Stearns fell, it seems that there is no stopping trend, closing on the 5th afternoon At that time, the stock price on Monday was still close to $80, and it has quickly fallen to nearly $70.

Paulson also paid close attention to another piece of data from Bear Stearns. He asked the secretary to find him the relevant data immediately, which was the data on the cost of investment bank bond insurance.

Just like when we buy a car, we must purchase compulsory traffic insurance. Although investment banks are relatively freer than commercial banks and can engage in more risky investments, they must also pay premiums to third-party insurance agencies when issuing bonds. To ensure the interests of bond buyers.

The cost of Bear Stearns in this regard has risen even more violently than the decline in stock prices.

On Monday, the insurance cost of 10 million bonds was only US$316,000. It has now soared to US$420,000, which means the average daily increase has exceeded 10%!

And at this time last year, their expenditure in this area was less than one-tenth of what it was at this time, only more than $30,000.

This means that while the stock price is falling, Bear Stearns will increase its cost by 30% only in terms of premiums.

And this is today's data.

Paulson put down the papers and took off his glasses, rubbed his brows vigorously, picked up the phone and notified the secretary, "Tell the National Press Club to postpone the time I will speak with them until next Thursday."

"Is it Mr. 13?" the secretary confirmed.

That was the day before Bush Jr. will speak at the Athletic Club of New York.

If possible, Paulson would like to cancel this speech.

When the crisis is far from over, or when the really difficult days have just begun, talk about how to prevent similar crises in the future?

Paulson felt that this was a very funny and ironic thing.

But especially at times like this, the media can't neglect.

I have to say that the media is the guy who stabbed you severely at many critical times.

If he really cancels this speech, then those shark-sensitive guys on the media side will definitely smell blood immediately, and they will definitely spare no effort to send Bear Stearns away.

"Also, I will fly to San Francisco tomorrow,"

The secretary said immediately, "Understood, I will contact Andrews Air Force Base immediately,"

This is another aspect of Paulson's relegation from Goldman Sachs to Washington. Now he does not have a special plane to order when he is traveling.

The U.S. government has many business jets, but only the President’s Air Force One and the Vice President’s Air Force Two can be called special planes.

But after 9/11, in order to prevent accidents, the U.S. government gave the president's second in line heir, the Speaker of the House of Representatives, a special plane.

However, compared to the president's 747 and the vice president's 757, the speaker's special plane is much smaller. It is a military modification of a small business jet manufactured by Gulfstream. The c-20 has fairly average airworthiness.

As a result, Pelosi drew widespread criticism early last year because of his request to upgrade his special plane.

The reason was that during the journey from Washington to San Francisco, the c-20 had to stop for refueling once due to voyage problems. Pelosi therefore requested that he be equipped with a larger special plane.

Paulson is more miserable. Although he is the fifth-ranked heir to the President of the United States, he is ahead of the Secretary of Defense, but in addition to the Secretary of State, the Secretary of Defense, Attorney General, Director of Central Intelligence, Federal Investigation Chief Pox can use the plane at any time, but he can't.

Usually in the country, they take civil aviation.

But at this sensitive time, taking a civil aviation flight is obviously not a good choice.

Think about the current dilemma...

Why do you want to be Treasury Secretary with a term of more than two years?

Paulson can only say to himself in his heart that this is dedication to the country.

"Also, notify Bob to come to my office,"

A few minutes later, his deputy, Deputy Treasury Secretary Bob Steele walked in, "Hank,"

Bob, who has always been optimistic, also looks solemn now.

Paulson briefly confessed to him, "I will fly to San Francisco tomorrow to participate in a few activities over there the day after tomorrow."

"I hope you pay close attention to market trends, especially Bear Stearns' liquidity situation,"

To put it bluntly, it is how much cash Bear Stearns still holds.

"Okay Hank," Bob replied, and then asked, "Do you think Bear Stearns..."

"Bob, I don't know," Paulson said.

In fact, they all know it, but they still don't want to face it.

"But in any case, what God has given us is not a cowardly heart, but a strong, loving, and reserved heart."

Bob will know Paulson's views on this issue better now.

Because he knew very well that Paulson would only quote the Bible as he did just now when he was under great pressure, or when he felt a little scared.

…………

In Silicon Valley, Feng Yiping, who had just hurried back from Los Angeles, received a call from Brin as soon as he entered the office, "Feng, is it the beginning, right? It is the real beginning, right?"

Peppa said something over there. Feng Yiping didn’t catch it very well. Brin immediately said, “Is this a bit too excited for me? Sorry, I shouldn’t be like this.”

It turned out that Page was criticizing Brin's attitude at this time.

Peppa guy, after he became famous, he became more and more dull.

But Feng Yiping understood him very well, it was all caused by pressure.

"It's okay Brin, when I know that my beloved girl and boyfriend broke up, it will be your attitude," Feng Yiping said with a smile, "Yes, it really started."

What they said about the beginning is that their investment has finally come to a time when it can pay off.

Since Bear Stearns can't stand it anymore, they naturally have no ability to maintain the price of mortgage-related securities, that is, the credit default swaps they purchased. After paying the premium for so long, they can finally go to I got the money back.

"The amount we signed with Bear Stearns was 530 million U.S. dollars. At this time, the fund team has been preparing on Wall Street and resolutely defending our earnings."

Among the five major Wall Street investment banks, their investment in Bear Stearns is only slightly more than Lehman, because Bear Stearns is the weakest of the five major Wall Street investment banks.

"If the situation gets hard to recover, I can also ask Goldman Sachs and Morgan Stanley to assist us,"

Seeing that Bear Stearns’ stock price has been falling, he can already judge that the weakest of the five largest investment banks on Wall Street will probably fail this level, but most other Wall Street companies are still holding a wait-and-see attitude at this time.

They shouldn't be blind to the situation, more, they should be unable to believe it, or rather, they don't want to believe that the fire has actually burned to Wall Street and burned to them.

If he asked Goldman Sachs and Morgan Stanley to provide assistance at this time, it would undoubtedly show them that Bear Stearns will definitely fail.

In any case, such wind ~www.wuxiaspot.com~ should not be released by him.

"Haha, I know, Feng You are the safest in this regard," Brin said happily.

"Feng, let us know whenever we need to come forward," Paige added.

"It may be indispensable," Feng Yiping said. "Anyway, I plan to go to New York next week."

This is something that involves billions of dollars in high returns. It is worth his special trip to New York.

After hanging up the two brothers, he was a little curious. Page and they both called. Why didn't Jobs call?

Didn't he see the relevant news?

Of course Jobs noticed the news, but after so many things, he knew Feng Yiping's ability to plan strategizing well. He believed that Feng Yiping must have made relevant preparations long ago without his reminder.

At the same time, he also somewhat expected Feng Yiping to call him, because Feng Yiping called him, which meant that Feng Yiping needed his assistance.

He looked forward to that time.

Feng Yiping had just sat down and was about to personally take a look at those guys on the Internet, as well as those experts' evaluations of his remarks the day before yesterday, and see how many people would scold him.

He cares about this issue, naturally, not because he is cheap, but because he wants to know how many people will be slapped by reality soon. Sandberg called, "Feng, my mentor, Summers has arrived in Silicon Valley tomorrow. Do you have time to meet him?"

"Of course, I am very happy to meet Mr. Summers,"

Regardless of the other party's affairs, the former U.S. Secretary of the Treasury and the former Harvard President, it also depends on whether the other party is his own capable mentor.

As soon as it was decided to meet with the former Minister of Finance, the current Minister of Finance called him directly, "Feng, I will be in Silicon Valley tomorrow afternoon. Do you have time?"