Vol 6 Chapter 603: really
On Friday morning, people who came out of the subway station and went to work on Wall Street had a rare look on their faces.
After walking out of the subway station, many people will look up, the sky is so clear!
They all knew the two good news yesterday. The joint fund invested US$5 billion in Goldman Sachs, and another major investment bank on Wall Street, Morgan Stanley, also received a US$90 investment from the Chinese sovereign investment fund after paying 20% of its shares.
Although the latter looks a bit like a food delivery-in the minds of most of them, the financial institutions of the great eastern country, especially their official financial institutions, that level, tut, are really stupid and rich. .
Many of them have more than one way to easily let them withdraw after going through this difficult period.
But in any case, Morgan Stanley, who is a representative of Wall Street, is also at a critical juncture. At this time, it is possible to pull such an investment, and many of them can't help but want to shout from the bottom of their hearts, " I love you China!"
They don’t know, but after more than a year of work, the representatives of the “stupid people with a lot of money” in their eyes have almost completely changed. This time, the agreement signed with Morgan Stanley has made concessions at the end. It is still a big bargain, a real value investment.
The agreement prepared this time is also a well-designed industry top level.
Therefore, the most exciting thing for these people is the joint fund's investment in Goldman Sachs.
They all know who is behind the joint fund, and they all know the achievements of the joint fund.
If the United Fund uses subprime mortgages to make hundreds of millions of dollars, billions of dollars, from various Wall Street companies, then it may be the public enemy of the entire Wall Street. Anyone who mentions it will scold him, "Stop taking advantage of the fire!"
But when the joint fund's profit is more than 20 billion US dollars, everyone's perception of it is that they are all in awe, awesome! Cattle!
With such dazzling results, the United Fund completely conquered them, and intuitively let them know that Feng Yiping is not only a genius in Silicon Valley.
Such people are so optimistic about Wall Street, so what else to worry about?
What's more, Feng Yiping also made it clear in the interview that the relevant departments should be considering the overall rescue plan for the financial industry, which makes them more at ease.
Since last night, those who have channels have started their relationship to inquire whether such news is true or not. It is estimated that it will not be long before they can get accurate information...
In a word, it seems that the haze shrouded on Wall Street will soon fade away.
They are all waiting for that moment to come.
…………
At this time, a conference room in the Goldman Sachs building was already full of people.
These young, well-dressed gentlemen and ladies are all members of the Goldman Sachs board of directors, or they can be said to represent the highest authority on Wall Street.
Although there are a lot of people at the table, the meeting room is very quiet. According to standards, these people here are all "old money", real and fake, with some aristocratic demeanor.
In previous meetings, they might be more casual, but today, isn’t there a new face at the table?
Isn't that enough?
While laughing and whispering with the people around them, they all unabashedly looked up and down at the new face.
Those eyes can't tell any maliciousness, but they don't mean welcome.
John used a more casual posture than them, sitting lazily on the chair, with a faint smile on his face, his eyes returned to them, making those people absolutely uncomfortable.
That is a look more condescending than them!
Regarding his attitude on the board of directors, John never asked his boss, because he knew very well that being a good person is the boss’s business, and what he has to do is to show an uncomfortable and difficult to deal with. .
Don't fight any thoughts of sacrificing our interests.
Also, what are you so proud of?
Without our investment, without the boss personally coming forward to praise, can you be so leisurely now?
The chairman of the board of directors, Lauder, walked into the meeting room and greeted everyone. When he looked at John, he found that this person who had been with Feng Yiping yesterday, who had never had any temperament, acted better than Feng Yiping in front of him today. Also look bullish.
Sure enough!
"Everyone, everyone knows the relevant agenda. Because of time, we will vote directly, okay?"
"Agree to reorganize Goldman Sachs into a shareholder of a bank holding company, please raise your hand,"
He raised his hand first.
No one else at the table objected.
The so-called application for reorganization into a bank holding company, to put it bluntly, is to transform them from investment banks into commercial banks.
And the biggest advantage of becoming a commercial bank is that you can get the right to borrow money directly from the Fed’s discount window. To put it bluntly, workers and peasants have established diplomatic relations. When they are short of money, they can find a central bank, but those securities companies don’t have any. Such power.
Another well-known benefit of becoming a commercial bank is the ability to absorb deposits. Goldman Sachs has adopted this measure, which is to also reserve room for gradual use of deposits from depositors to replace short-term financing.
At such times, naturally no one opposes such a change.
Anyway, up to now, after the hard work of some predecessors on Wall Street, the business scope of commercial banks and investment banks is no longer different.
After everyone had signed the document, Lauder said immediately, "I will release it to the public immediately,"
It will soon be the opening time, and such news will undoubtedly help Goldman Sachs stock price performance.
After doing this, Lauder was obviously relieved, "Everyone, with our joint efforts, with the help of our new partners," he nodded to John, "The toughest days, Finally left behind us step by step...Oh John,"
He saw John raise his hand, "Do you have anything to say?"
"Yes," John is not polite at all. "Actually, we all know that the reorganization of Goldman Sachs from an investment bank to a commercial bank will not directly help our current situation."
Those who still have a sense of accomplishment on their faces frowned immediately. Such an important change, you said that it would not help?
"Borrow money from the Fed’s discount window?" John turned a blind eye to those glaring and continued to sarcastically. "After the Bear Stearns incident in March, the Fed’s'Broker Loans Method' actually gave them a direct way of transcending traditional boundaries. The right to lend money to investment banks,"
"So, this approach just makes some investors sound more at ease."
My board of directors, it looks like it will be more lively in the future. Lauder looked at this guy who was unknown last year and was eligible to sit on an equal footing with them this year. "This is not a guy who can produce substance to us in a short time. Sexual assistance, but it is indeed an initiative that will give us more advantages in the future."
Immediately someone asked, "John is right, so what do you think can be effective in the short term?"
"In the past few days, not only we but everyone on Wall Street could not think of a good way."
John welcomes the guy who sent the head away like this, "It was the past, it was before we didn't invest in Goldman Sachs,"
Lauder couldn't help but lower his head, this is really a...madman.
Does your boss Feng Yiping know you are so crazy?
Oh, he must know that this must be what he instructed.
"Didn't you notice? After we invested in Goldman Sachs, things have changed," John said slammingly.
"Just tell me what you have done that will be effective immediately," another person said.
I really don't see such an arrogant person.
"A short-term effective measure, isn't it simple?" John gave an expression that you can't even see this. "Thanks to yesterday’s Dongfeng, another stock issuance. I think it will also issue a US$5 billion. "
Someone almost called out immediately, "Who bought it?"
But wait, someone will buy it now!
Lauder nodded secretly~www.wuxiaspot.com~ This is really a good way worth trying. At this time, who would think that he has too much cash?
This is a plan specially prepared by Feng for you!
At this time, the phone on the desk rang, and Lauder stood up immediately, "Everyone, good news,"
He pointed, and someone immediately turned on the TV, and Paulson, whom they were familiar with, appeared on the TV, "I want to announce a news to everyone, but I think everyone should be familiar with this news today,"
The people in the conference room couldn't help but quiet down, "We will use 700 billion US dollars to buy problematic assets in the banking industry."
"Yeah!" Suddenly, the entire Wall Street was applauded.
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