American Fortune Life
Chapter 1202: Andy the Fortune (33/64)
While the Treasury and the Fed are still worried about the rapidly disappearing liquidity of the market, they are trying to combine Goldman Sachs, Citizenship, MG Chase, MG Stanley, Fed Bank, etc. as possible mergers and acquisitions with a view to slowing or rescuing “cash flow”!
Whether it's the White House or Capitol Hill, "Defending Goldman Sachs, Defending MG Stanley” stakeholders, with the help of a lobbying group, have begun to lobby for a successful bailout plan.
It was in this kind of news, everywhere to listen to each other, the future of the economy is unclear, in a turbulent situation, because of abandoning the acquisition of the Lehman brothers, wanting to pit the Americans, then buying Lehman quality assets at the price of cabbage, but ultimately stealing chickens did not corrode and just landed Mi Barclays Bank Acquisition Team from Washington Dulles International Airport, tired they couldn't even take a break, so they contacted Alvitelli, hoping that the two sides could meet immediately to discuss the acquisition.
When Andy was in the luxury room of the CP Hotel and Robert Diamond, president of Barclays Bank, he looked at the face of the Chinese characters in front of him, two tiny frosts, a low voice, with a slight bitter smile on his face. Andy really wanted to say to the other party, "Zhou Lang has managed to save the world, he lost his wife and broke the army again. ”
Knowing that the total market value of the Lehman Brothers exceeded $33 billion a year ago, while Lehman's assets in the North American region were around $5 billion, the investment banking and capital market operations in the North American market were also appreciably valued at that time.
Andy was able to chop off this part of the asset with $250 million, which was a massive blow to the hearts of many people who were ready to make a fortune.
In fact, by this stage, the two parties had little leisure time to get involved. After all, Barclays was the more pressing party, Andy, offering a price of $800 million, which was acceptable to Barclays Bank for biting their teeth, because even at this price, they made cheap money, well, they had to comfort themselves so much.
Around two hours later, the parties reached a deal that included the Lehman Brothers' North American Investment Bank, with bonds, stock sales, trading operations and related investment operations. Approximately 8,000 employees were retained, the transaction was worth $800 million, and Andy made no concessions.
At exactly 5: 00 p.m., Andy and Barclay Bank president Robert Diamond held a press conference in the conference hall of the CP Hotel, where hundreds of journalists were heard and the scene was a bit noisy, but at this point Andy was in a very comfortable mood and would care about these insignificant things.
In the astonishing eyes of many journalists, the signing ceremony was completed and the deal was formally concluded. As the news spread at the speed of interrogation, those former Lehman employees saw themselves being sold without knowledge. The mood was conceivable, but whoever it was, would not care about their mood. After all, they should burn a lot of incense when they could keep their jobs in the United States.
Looking at the latest news, whether it's Wall Street or Washington, it's really different and complex, but it's more about the admiration and envy of ordinary people, admiring Andy's ability to make money, spending two days, making $550 million net.
And the American media finally caught the chance to mock the downhole stone and rob the Brits, whilst the news was blowing Andy's brilliance and ridiculing the Brits‘ own brilliant plan '. Lehman's bankruptcy not only plummeted their own stock, but was also slaughtered by Andy Smith on the ground.
At a time of economic decline in the United States, it adds a delightful touch of color.
The people at Barclays Bank politely settled Andy's invitation to celebrate the party, but after the press conference, they took someone away in a hurry, and Andy said he understands very well that he doesn't want to be with him for a minute.
On the way home, Andy received a lot of congratulatory calls, Warren's envy, Goldman Sachs, MG Stanley's help, his own woman's admiration, and Paulson's desperate call for help.
“Boss, what's wrong?” When Al saw his big boss hang up Paulson's phone, he got caught in a twisted thought and asked.
“He wants me to fulfill my promise and help him get moral immunity! I was wondering if I should accede to his request.” Andy, to be honest, would hate to help him with this, because it would allow Paulson to officially and freely help Goldman from now on!
During this rescue, he won't have to worry about any decision being made after the fall, so he'll have a lot of nerve.
“Boss, you can promise him that moral immunity is very important to him, but it should be very simple for you, and it's much easier than the next bipartisan struggle in Congress.
Besides, even if he can help Goldman Sachs without worries, MG Stanley, it doesn't have any effect on us. You don't have to target him on this matter. Wall Street really has reached the point where blood transfusions have to be saved, and none of us want it to collapse, does it? ”
When he heard Al's advice, Andy slightly lit his head and looked out the window at Washington Street. Many shops closed early, and pedestrians were rare on the road, and there was a rush.
Back home, welcoming him naturally was his mother's sigh and happy smile, and Auston was in a very good mood, and he was numb about his evil son's ability to make money.
After a short chat, Andy spoke to Auston about Paulson's helpline, and Auston frowned and said, "According to the information I received, Paulson submitted a plan to acquire problematic assets to the President. An allocation is required from Congress to purchase mortgages for housing problems on the market. The plan, which could amount to hundreds of billions of dollars, is bound to cause a great deal of controversy between the two parties in Congress, and the voices against it are well known.
As for moral immunity, it only needs to be issued by the White House Legal Counsel and the Treasury Department. Naturally, the Treasury Department has no difficulty for him. It is now the White House that has been stuck, which is what your grandfather meant.
Now that you have promised the Smiths that you will help him once, this moral immunity is undoubtedly appropriate and does not require our strenuous efforts to be easily achieved. ”
“I get it.” Andy nodded, then picked up the phone and called his grandfather, Smith, and after a brief chat, he got to the point and talked about Paulson.
In response, Old Smith agreed with little hesitation, hanging up the phone, and Andy defamed his heart, not necessarily as a result of his grandfather, the old fox, deliberately calculated.
The following morning, 18 September, an interesting "satisfactory” situation emerged, with the White House Legal Counsel and the Treasury issuing exemption documents to Paulson.
Sitting in the chair of the Treasury office, Paulson stared at the exemption document in his hand with a bitter smile. After the Lehman brothers collapsed, Paulson realized that he needed greater authority to carry out a bailout operation, a power that required authorization from the White House and Congress.
He may be able to threaten and order greedy vampires to operate under his command in New York City, Wall Street, but once back in Washington, he is the commander who needs to circle and compromise in various political vortexes, and the political reality in Washington is frustrating.
At a time when Paulson was somewhat lamented, the phone on the desk rang again, and he answered without hesitation, and it was not good to see his face get colder and more serious.
“You have to solve the problem this weekend.” Paulson's tone is a little helpless to remind each other.
“Hank, do you think I should sell Morgan Stanley? ”
When Paulson hesitated to hear the other party's depraved tone, he finally said, “The consequences of Morgan Stanley's collapse are too serious, John, and I'm sure you should sell it if you can.
I will raise this issue directly with the top of the Heavenly Dynasty at night, and if they are interested, as for the Mitsubishi JFG, seriously, I doubt that the pedestrians are moving fast enough, because Morgan Stanley's situation is imminent and I don't want to be in a situation such as being molested by the British. ”