American Fortune Life

The capital of Trinidad and Tobago, Port of Spain, is a beautiful coastal garden city and deep-water harbour, which became a Spanish colony more than 400 years ago.

The country is a more economically developed country near the Caribbean, home to a large number of black Indians, and ranks second in the world in murders each year.

Equator Country, extremely hot, in the Deluxe Suite at the Hilton Conference Hotel Trinidad, Andy was wearing only one pair of shorts, leaning against the couch and watching Paulson, the American Treasurer, press conference with a smile on his face.

“The Fed has taken appropriate action to work with market participants to minimize the impact of the financial crisis...

The Fed rescued Bellstein, thereby avoiding further damage to other financial firms and even to the United States financial system...

I am very confident that the United States financial markets will emerge from the current turmoil and that the United States economy will remain resilient, and I believe that a strong dollar is in the interest of the United States... ”

Andy's smile grew brighter and brighter, and he knew that running out of Bellstein, the fifth largest investment bank in the United States, was totally hurting the American financial system.

But who cares?

He Andy Smith only needs dollars, and a lot of dollars is his goal. The opportunities offered by the subprime mortgage crisis are precious. Only cutting meat from a large company will feed him. When the world enters an economic crisis, the chances appear to be plentiful, and the chances of making big money are not too great.

Buzz--

Andy had a slight tremor in his heart, grabbed the phone on the table, and when it was turned on, heard the excited voice of Al across the street.

“4.7 billion! Boss, in three days, we made $4.7 billion from Belleston! ”

“YES! Well done! I want to celebrate! Big celebration! fxxk! Tell everyone your yacht is landing! ”

Andy's excited face was red, he punched hard in the air, he was excited and excited in xie's heart, and robbing a bank didn't make the same amount of money, cough, well, Bellstein was also a bank in a sense.

“Talk about the process, damn it, I really want to go back to New York right now... ”

“Here's the process... ”

Andy walked up to the bar and poured himself a glass of whiskey, took two pieces of ice out of the fridge and threw it into the glass, listening to Al and shaking the glass.

“Knock knock! ”

Andy sipped all the whiskey in the glass, and the excitement on his face still didn't dissipate, but he was a little discouraged: "So in just three days, Belleston has $17 billion in cash to evaporate, and we just took $4.7 billion of that? Damn, that's a little annoying! ”

“Cough... ”

Andy hears Al's slight cough on the phone and laughs at himself and says, "Well, I'm a little greedy, so are we going to join the team at Premium Assets in Bellestein? ”

“Sorry, boss, I'm afraid we're losing this opportunity! ”

“What's going on?” Andy frowned upside down and poured himself another glass of wine.

“Standard & Poor's lowered Bellstein's long-term credit rating to BBB and said further downgrading was likely based on the company's illiquidity. Moody's also demoted Bellstein, which is currently three levels higher than the Garbage Unit.

Belsden is likely to be sold within 28 days of obtaining this emergency loan, Paulson has flown to New York, he has been to MG Chase, and now we have information through which MG Chase has indicated its intention to buy Belsden. ”

“Shet!” Andy drank all the whiskey, slammed the cup on the bar, cursed, “Offer the purchase price? ”

“MG Chase's first acquisition price may be only $2 per share for a total of $240 million. ”

“FXXK! This price is less than a quarter of the Belleston Manhattan office building! ”

Andy's face was pumped, and the excitement of making $4.7 billion was completely broken off, and the curse of biting his teeth was cursed. He knew that MG Chase might have finally picked up the big deal this time.

“This price will certainly not be the final price, nor will the board of directors of Belsden agree that we expect to complete the acquisition at a price of $10-15 per share.

At such an urgent time, when either it was acquired, or it was bankrupt, the price at which Belsden was acquired was naturally somewhat irrational.

This price also indicates the additional risks to be borne by MG Chase. They have to set aside a margin of error for themselves so that even if they're wrong, they won't put the company in danger and get dragged into the water! ”

“Hoo--”

Andy said in a very unhappy cold voice, "What can we do? ”

“We can't do anything. Belsden's assets have reached $500 billion. We have good strength, but if we take over Belsden, we can't bring enough confidence to the market, and we can't save Belsden. Instead, we'll be buried in a giant pit.

The most important basis for underpinning a modern financial system is not physical assets in the physical world, but the confidence in the system itself and the credibility of the participants in the system in the minds of other participants. Once confidence is shaken, once credit stops, buildings that are even taller will collapse in a flash, even faster than the World Trade Center in 9/11. ”

“Hey, yeah, any financial institution, once there's a credit crisis, it spreads like a plague. And it was us who opened Pandora's Box, damn it, Chase MG! ”

Andy bites his teeth and sighs, “How much cash can we use now? ”

“Gold futures have been sold in full, with a total of £5.3 billion on the London side and $15.2 billion on the New York side. ”

Andy knocked his fingers on the bar table like a fly and frowned. Although cash had reached more than $26 billion, it was just enough for the next plan, but I really wanted to grab food from financial companies the size of MG Chase. To be honest, I really couldn't grab them.

Looking at the current situation, his people waged war, and although they also made a lot of money, it was MG Chase who really wrapped all the war dividends around them.

“Forget it. Now that this is happening, the commercial bank in Belleston that we're thinking about seems hopeless. Have you chosen your next goal? ”

“We're almost done. Next up is Merrill Forest Bank! ”

“When does it start? ”

“Mid April. ”

“Well, I was almost going back to New York, and by the way, although it was cheap for MG Chase, we couldn't let him go so smoothly, let the news out, let his opponents join the competition, your celebration could be a little bigger, let the panicked Wall Street feel our success! ”

Andy is going to be nauseous right now, Belleston and Wall Street Dad Paulson, letting all Wall Street giant babies who are in the same predicament as Belleston sit in their throats, reminding them that in the same street there is a more greedy, bloodthirsty shark swimming around and ready to eat their meat!

And as Andy hoped, with the crisis in Belleston, panicked investors began to look at other big Wall Street companies: who's going to be the second Belleston?