Vol 6 Chapter 590: I'm here to help
? Feng Yiping heard Lauder's tone, he knew this, and he was steady!
"Oh, why not?" He asked in a relaxed tone.
Lauder also realized his gaffe at this time, "Sorry, I didn't mean that."
I mean that!
Do you know why the Korean banking group led by Korea Development Bank could not buy Lehman shares in the end?
That's because we did the work behind the scenes.
The Kookmin Bank in the banking group has an old friendship with us. Since the Asian financial crisis, we have been its major shareholders.
And Kookmin Bank is the only professional foreign exchange bank in Korea and the major shareholder of the foreign exchange bank, which means that we indirectly control the foreign exchange bank.
The Foreign Exchange Bank is the largest creditor of the Samsung Group... We are still LG’s shareholders and the guests of the SK Group...
Based on these, Fuld wants the Korean banking group to help him out of trouble, how is it possible?
Do you know why Sumitomo Mitsui Banking, whom Fuld asked for help, is not interested in them?
That's what we are behind.
In the 1980s, Sumitomo Bank invested in Goldman Sachs. In 2002, it merged with Sakura Bank and changed its name to Sumitomo Mitsui Banking Corporation shortly after they had to sell our shares to save themselves.
We soon took the opportunity to invest $1.25 billion in them, and in turn became their shareholders.
So, how can Sumitomo Mitsui agree to invest in Lehman?
Do you know why Lehman's stock price has been falling recently? That's also our force behind...
We spent so much thought, and finally forced Lehman to breathe out, and waited until the bankruptcy declaration was signed and then fell. You suddenly jumped out to buy it at this time?
Then we don't give up all our achievements?
"Feng, you may not know the status of Lehman. The toxic assets that they have been audited are as high as 70 billion U.S. dollars," he deliberately lowered his voice, "So, you bought Lehman, didn't you take a big burden?" Alder acted as if I was completely thinking of you.
"I know it is more than 70 billion," Feng Yiping said.
When Lauder heard this, he wanted to scold his mother again. This **** meeting was said to be confidential. Why is this confidential? Isn't it the same as a sieve?
"I also know that you and your colleagues on Wall Street have already stated that they will invest in these assets," Feng Yiping continued.
Do you even know this? Lauder didn't bother to complain about the confidentiality measures of the meeting.
"And don't tell me, I really fell in love with some commercial real estate in Lehman's hands,"
The reason why he moved his mind to Lehman was that he also fancyed the commercial real estate they held. If they can get it at a low price at this time, then after the crisis, this will naturally be a good business with stable returns.
This is really prepared. Lauder thought for a while, "I fully understand what you think, but Feng, do you think it will take several years for the transaction prices of these properties to be the same as last year or the beginning of this year. ?"
"I believe even more that from your perspective, there are definitely other projects worth investing in,"
"Also, I have to tell you, how can the investment banking industry compare to Silicon Valley companies? Not only are profits low, but risks are high, otherwise, you look at our current situation,"
Feng Yiping laughed again, "I know, I know, it is because I think you people who work just to make money are too hard, so I want to share one or two for everyone."
Lauder didn't care about Feng Yiping's mood when he said such cool words. Feng Yiping didn't sound like a joke at all.
But Feng Yiping's acquisition of Lehman was totally unacceptable.
Lehman at the helm of Fuld is considered an opponent, but if Feng Yiping is at the helm, he understands that Lehman will be their biggest enemy.
Think of Feng Yiping's vision.
He doesn’t need to be specifically responsible, he just needs to point out the direction to the people below. Then, Lehman at that time might not be sharing one or two for everyone, then it is very possible that it would be one or two for everyone, and they can easily monopolize one or two. At least five or six.
That's the real front door to drive the wolf away, and the back door to enter the tiger, completely outweigh the gain.
He sat down and stood up again, "Feng..." He wanted to ask again in vain, you were kidding, right?
Feng Yiping seemed to know what he was going to say, "We are ready,"
"But Feng, you know the relevant regulation, although Lehman is an investment bank, but..."
Feng Yiping said nothing.
Lauder also reacted immediately, he was asking another stupid question, "Oh, the joint fund,"
"Yes, I was just about to say that the joint fund is ready to talk to Lehman and the officials in the Four Seasons Hotel."
The United States has very loose supervision of investment banks, which is why so many foreign funds can invest in Wall Street investment banks.
What's more, Feng Yiping has a joint fund in his hands.
Dare to say that the joint fund is not American? Put Brin first, then Page, and finally enlarge the killer Jobs...just ask, who can stop it?
As for why Apple and Google, at the helm of two companies, would intervene on Wall Street at this time? The reason is not only sufficient, but also very magnificent.
When the moths of Wall Street have messed up the financial sector, we have come to rescue the market.
We hope that through our efforts, the subprime mortgage will pass as soon as possible, so as not to cause more harm to everyone.
Speaking of it, Silicon Valley has been involved in so many industries in recent years. In the financial field, we are not without action, such as PayPal, which is so popular now.
We also hope that Wall Street in which we participate can support more startups and make the IPO road of high-tech companies smoother...
Similar excuses, ah, are reasons, and Feng Yiping can easily find dozens of them.
When a person walked in, just about to speak, Lauder waved him to shut up, walked to the window, opened the curtains with a "swipe" sound, and his vision suddenly widened.
Looking at this familiar city, he finally calmed down.
Taking a sip of the cold coffee on the table, he sat down with a smile, "Feng, tell me about your conditions,"
At this time, he finally understood that Feng Yiping naturally had other plans. Otherwise, why didn't he call Fuld or Paulson, but call himself?
To say, I also blame myself for being uncomfortable, otherwise, he should have seen his intentions long ago.
This can only be said that Feng Yiping's luck is really good.
Lauder not only wanted to kill Lehman, so he did not accept Lehman’s survival. More importantly, he was worried that he could not get the more than 60 billion US dollars of AIG at this time, so the whole person was not as smart as usual. Let him follow Feng Yiping's rhythm for a while.
"What do I have?" Feng Yiping also sat down on the balcony. In the room behind him, more than a dozen people were summoned, watching his movements nervously.
"In this way, let's look ahead first. After Lehman goes bankrupt, the market will go, okay?"
"You said," Lauder calmed down completely, calmly now.
"I think that after hearing the news of Lehman's bankruptcy tomorrow, there will be people cheering," Feng Yiping said.
Lauder could think of this.
At this time, as long as the people who can see them on Wall Street are unlucky, the people will be happy.
"However, the market's performance will definitely not be so good. The Dow will at least drop a few hundred points."
Lauder nodded, this prospect can also be expected.
"But what is even more frightening is that the already extremely fragile market confidence will be hit by the Lehman bankruptcy and quickly collapsed, and then investors will use various methods from the stock market, the bond market, the bill market, and the repurchase market. , From the monetary fund...and all non-treasury bond financing markets, withdraw their investment,"
"When the panic spreads further, what will happen?"
Feng Yiping still spoke relaxedly, but Lauder wanted to stand up again.
He knew the result too well, because that would have been the nightmare most feared by bankers throughout the ages: a run!
Feng Yiping also said, "Runs are all-round runs on the entire financial system!"
"I estimate that ~www.wuxiaspot.com~ will only take a week at the longest to evolve."
I'm afraid it won't take that long, Lauder thought.
"Then Lauder, do you think that after a week, you are sure that your Goldman Sachs can handle such a challenge?"
Which bank can meet this challenge?
"Okay Feng, just tell me if you have anything,"
"Do you remember that I told you at the beginning that I would support you with funds when needed?" Feng Yiping said.
Lauder certainly remembered, but he didn't expect that there would be such a day.
"What are your conditions?"
"Hey, you also said that we are friends, I am here to help," Feng Yiping said, "I just want to subscribe for shares of Goldman Sachs and help you."
