Vol 6 Chapter 371: Perfect timing

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Because Spitzer’s prostitution storm that detonated the European and American media failed to save Bear Stearns’ bad situation, the Wall Street leaders who traveled all over the world were a little bit undecided at this time.

This morning, the cell phone from the Secretary of the Treasury Paulson on Wall Street, which only a few people knew, kept ringing. Most of these people called Paulson for the first time since he became the Secretary of the Treasury.

Among them was Fuld, the CEO of Lehman Brothers. He was on a business trip in India. He called Paulson at an airport. Without much greeting, he asked directly, "Hank, do you think the situation is right? Is it serious enough to require me to return to the United States immediately?"

Paulson could hear his anxiety or fear in his voice.

When seeing Bear Stearns sliding into the abyss step by step, Fuld was obviously worried that his company would follow in Bear Stearns' footsteps.

Paulson fully understands his worries. At this time, he also hopes that these big guys can get nervous and put more thoughts on how to get out of trouble, instead of using some tricks at this time. Means, for example, delusion of using scandals by well-known politicians to save the field.

"If it were me, I would never stay abroad now," he said.

Fuld on the other end of the phone did not make a sound for a long time. Paulson was about to hang up, and the other end said again, "Hank, can you let my plane fly directly over Russian airspace?"

Obviously, after hearing Paulson's words, Fuld became even more anxious.

Contact Russia at this time and tell them that a well-known figure on Wall Street, the CEO of Lehman rushed back to the United States? Paulson would not do such a thing.

Because that is tantamount to telling Russia clearly that we are in trouble, and we are still in big trouble.

Russia has recently been brewing to sell the securities of Freddie Mac and Fannie Mae in its hands, and even heard that it intends to pull China together.

Paulson believes that if he makes this call to relevant parties in Russia, Russians will soon sell relevant securities.

Could it be said that the current situation is not difficult enough?

"No Fuld, I don't have that right," Paulson explicitly rejected him, "but I think you should come back as soon as possible."

As a result, there is one more person in the world who misses the grounded supersonic airliner.

…………

At this time, Xu Bin, the head of the Jiasheng Hotel Business Department, stood in front of the Empire State Building in New York with a few people.

His group includes his three important deputies, Yang Huajie, Zhong Changsong, and Huang Yujin.

It can be said that he brought the core of the entire hotel business department.

Wu Qian was already waiting in the lobby, but when she was talking to them, the phone in her hand did not hang up, "Mr. Feng said, you can come back after the jet lag in the hotel."

"Knowing such news, who is still thinking about jet lag," Xu Bin and the others are all gearing up, looking like they can't wait.

Not to mention jet lag, they didn't even go to the hotel and their luggage was still in the car.

"President Feng is in a meeting," Wu Qian explained.

"It doesn't matter, we all look forward to joining the acquisition team sooner," Xu Bin said.

"Sorry," Wu Qian said to the phone again, "Okay, I know, I will tell Feng immediately,"

Xu Bin and the others, although they didn't speak at this time, they were all very excited.

This is to acquire Hilton!

You know, for the sake of internationalization, they have all formulated a ten-year plan and a fifteen-year plan. Frankly speaking, they are not sure how far the internationalization of the hotel business department can go when they are in the company.

At present, it seems that they may realize internationalization soon, and they are truly and completely internationalized.

Is there anything more pleasing than this?

As soon as he entered the office, Xu Bin immediately felt a very familiar atmosphere, one after another, the ringing of the telephone, the "buzzing" background sound formed by many people talking at the same time, and the unstoppable crunch of the printer...

What other desks are buried in the high pile of documents, only the staff above their heads, the staff who are still answering the phone during the trot...

The scene in front of me seemed to be as busy as the preparation of Yijia Express Hotel's listing.

As a result, with so many people in the office, no one looked up at their team composed entirely of Chinese.

They were taken to a conference room, the only one that was empty, to sit down, but no one could sit.

Soon, Xu Bin couldn't help but rush outside to talk to others, and English, especially Zhong Changsong, whose spoken language was fairly average, walked around the conference room with their hands in their hands, and the invincible city skyline of New York outside the window. They have no attraction at all.

But facing the strange team outside, they don't know what they can do.

What's more, they can see that not many people have the time to talk to them.

After a few laps, Zhong Changsong couldn't help but joked, "It feels like when I wrote a love letter to the girl for the first time, waiting for her to hear back."

Everyone laughed in sympathy.

More than ten minutes later, Feng Yiping walked out of the office next to him, "Hehe, everyone is here, you have worked hard,"

"President Feng," "President Feng, we don't work hard at all," everyone replied rushingly.

"President Feng," Xu Bin emerged from behind Feng Yiping at this time and asked the question everyone most wanted to ask, "Is this true?"

Feng Yiping pointed around, "What do you think?"

"Yeah, I know this is true, but I always can't believe it," Xu Bin smiled, looking like he was overjoyed.

"I'm happy to help with this," Feng Yiping smiled, "Do you want Owen to practice with you?"

"No need, no need," Xu Bin said hurriedly.

That is looking for abuse.

Feng Yiping brought the four of them into his office. “It’s such a situation. To put it simply, when Blackstone acquired Hilton last year, it received US$20.5 billion in funding from 26 banks.”

"At present, because of the subprime mortgage, Hilton's operating conditions are not optimistic. Therefore, Blackstone intends to take this opportunity to talk with the banks about debt relief."

"But I believe everyone knows that the entire Wall Street, or the entire financial industry in the United States, is currently very difficult. What they need most at this time is cash, more cash,"

"Banks have all encountered liquidity problems," Xu Bin said.

"Yes," Feng Yiping nodded, "It can be said that as long as Blackstone can now use cash to repay in advance, many banks will be happy to discuss with Blackstone the amount of deduction."

Even Huang Yujin can understand this.

In their hometown, there are already many companies that have been affected by the sharp decline in exports. At this time, they sell their products at cost prices, or prices slightly lower than cost.

Take the initiative to do business that loses money, so that things that cannot happen in other time periods are so normal at this time.

Because if you do not find a market, then the factory will stop production, and once the factory stops production, raw material and accessory suppliers, banks, will definitely come to the door to force debts...In that way, many companies will suddenly collapse.

On the contrary, at this time, we are losing a little bit, but we maintain the normal operation of the company. After the crisis, the situation returns to normal. Then we can naturally find a way to make back the money we lost.

This is the so-called stay in the green hills, not afraid that there is no firewood.

As long as we survive this difficult period, the future is still promising.

At present, many American banks are also facing such a situation.

"But Blackstone's current life is not easy, so it is impossible for them to take out the cash reserves at this time."

"And we are not short of money," Xu Bin interjected enthusiastically.

"Yes," Feng Yiping nodded again, "not only we are not short of money, because of some investment, several of these 26 banks will pay us a very substantial reward,"

This naturally refers to those companies that have signed credit default swap agreements with their funds.

"That is, the money Blackstone owes the bank,"

The five investment banks on Wall Street ~www.wuxiaspot.com~ were the main sources of financing when Blackstone acquired Hilton. It is said that Bear Stearns, which is currently precarious, lent Blackstone a huge sum of US$4 billion.

Feng Yiping just held a conference call with Page, Brin, and Jobs on this issue.

"And the bank owes us money,"

Everyone quickly exchanged a pleasant look. How could this sound so exciting?

"As for those banks that don't owe us money, they are extremely eager to get more cash at this time,"

"So, they unanimously agreed that if we can buy their debts with cash, not only will they give us a very good discount, but they will also help us to get Hilton from Blackstone."

"This is the situation," Feng Yiping explained to everyone clearly the whole reason in a few words.

"The reason why everyone is called in such a hurry is that I hope that you can understand the overall situation of Hilton from now on, so that you can get started in time."

"Of course, I also hope that everyone can assist the M&A team to clarify Hilton's assets as soon as possible and make accurate judgments about their current operating conditions."

"Understood Mr. Feng," Xu Bin couldn't help standing up, "Then we will do it now,"

"I can not wait any more,"

"Haha, I understand everyone's feelings, but this matter will not be over in a day or two. Everyone should go back to the hotel and rest for a few hours." Feng Yiping stood up and sent everyone out, but patted Xu Bin on his shoulder. A moment, "you wait a moment,"

"The day after tomorrow, I will fly to England. Here, you can help Cummins well. In any case, we must get Hilton in our hands."

"I understand Mr. Feng, after passing this village, there is no such shop," Xu Bin replied.

He said what Feng Yiping said.