Reborn Millennial Gamer

Chapter 562 I just jumped off the building, and I didn't ask Lu Fei (5k)

Lu Fei and John Paulson have a clear division of labor.

Morgan Stanley, Lehman, JPMorgan Chase and other investment banks belonged to John Paulson, Bear Stearns, Merrill Lynch, Goldman Sachs and other accomplices who shorted penguins and squeezed short CDS, and Lu Fei personally greeted them.

At this moment, seeing each other again was extremely embarrassing.

Lu Fei sat in the small private room of the Links Club with a coffee in his hand, looking straight at Snyonier, who was directly opposite.

I saw him grinning, showing his white teeth:
"Lu, you know me well. Merrill Lynch offers the highest price for CDO, and CDS is also the highest price in the market!

I dare say that no other investment bank can give a more reasonable price than ours!Absolutely not! "

"Why should I sell it to you?"

Lu Fei put two cubes of sugar into the coffee: "Can the money you pay compare with the ten-fold compensation of CDS? It can't be compared!"

He said, stirring slowly with a silver spoon, "O'Neill, you'd better give me an offer I can't refuse."

"Lu, don't you like Marvel superheroes?"

Sny O'Neill desperately needed a large amount of CDS to hedge Merrill Lynch's backlog of CDOs, and tried to keep calm:
"Merrill Lynch can transfer all the other IP mortgaged by Marvel to Three Body, and they will get a 9.5% discount. You only need to pay Merrill Lynch an equivalent swap contract. What do you think?"

"That's not a condition at all."

Lu Fei shook his finger: "Did you forget that the contract between us clearly stated that once Merrill Lynch's rating is downgraded, it must pay the three bodies as collateral. The mortgage right should belong to me!

Let me inform you now, remember to prepare for the handover. "

"you!"

Snyonier stood up abruptly, shocked.

At the beginning, when the insurance premium of CDS was drawn, the additional terms were not taken seriously at all. I didn't expect to dig a hole here and wait for him!

In an instant, the guests around all cast curious eyes. Seeing that Ni Ge, who was in a suit and leather shoes, lost his composure, he almost took out a gun from his arms, and Lu Fei burst into a smirk.

"O'Neal, sit down."

Lu Fei pressed his hand down: "Think, think again."

Sny O'Neil sighed: "Lu, just say it straight, what on earth are you willing to sell CDS to Merrill Lynch!"

Lu Fei lightly said, Merrill Lynch shorted Lehman.

"what?!"

Sny O'Neill was surprised to let Merrill backstab his allies?
"I like tit for tat, repay a hundredfold!"

Lu Fei shrugged, "Since you are shorting Penguins together with Lehman, why can't you short Lehman for me?"

But all the veterans on Wall Street have a flexible moral bottom line. Sny O'Neil weighed the pros and cons and made up his mind——

Richard Fuld is my close relative, brother, and brother. To short Lehman, you need to add more money!

Talk to me about extra money?
Now you are begging me, not me begging you!

You are not qualified to stand in front of me and negotiate terms!
Lu Fei was not used to him, and refused politely.

Snyonier became gloomy, and his already dark face became even darker and purple. He gritted his teeth and tried to struggle, saying not to bully others too much. Not only you and Paulson have CDS in the market, but others also have them.

"Please."

The corner of Lu Fei's mouth twitched: "However, I want to remind you that Merrill Lynch's recent acquisition of First Franklin seems to be in a similar situation to New Century Corporation, with a loss of more than 30 billion U.S. dollars."

Seeing the sudden change in Sneo'Neill's face, his cold tone was full of threats: "Of course, for a large company like Merrill Lynch with assets as high as 12 trillion dollars, 30 billion dollars is just a hair in the sky, but for you It's different."

"Hehe, why am I different?"

Sny O'Neil took a sip of his coffee, suppressing his shock.

"During the last round of financial crisis at Merrill Lynch, large-scale layoffs have caused dissatisfaction from the entire company. I heard from John that they all called you the 'Black Satan of Wall Street'."

Lu Fei smacked his lips: "Zizi, how much should be laid off this time because of the crisis caused by your rash advances! Maybe you can prepare a statement in advance to express your sympathy for the unemployed."

"Sympathy?" Snyonier frowned.

"That's right, you're about to join them."

The corner of Lu Fei's mouth turned up: "Do you think you can still find your next job on Wall Street?"

"Uh uh uh……"

Sny O'Neill's tongue was tied, feeling that his heart was hit by a hundred thousand points of crit immediately, and cold sweat kept flowing down.

"It's not easy for a Nigo, a successful Nigo, to become the CEO of one of the top five investment banks on Wall Street?"

There was a bit of mockery in Lu Fei's playful tone.

"Gulu, Gulu~"

Snyonier drank the coffee in one gulp in a panic, and said bitterly, "Lu, please, help me!"

"We Chinese people like to help our friends."

Lu Fei smiled all over his face, "And I like to turn my enemies into friends. Although you ordered Merrill Lynch to fight against me, I can give you a chance. O'Neill, would you like to be my friend?"

"Yes, of course!"

Sny O'Neill excitedly said, "For Ruan Ende!"

"But you have no respect for my friend."

Lu Fei glanced at him. He has been talking about knives since just now, and he didn't say a word of "I'm sorry" to me. How arrogant!
"Lu, Sao Rui, I was wrong, I was really wrong."

Sne O'Neill apologized repeatedly, and at the same time made a strong promise that he would abandon the dark and follow the light, and was willing to turn his back and stab Lehman in the back.

"Very good, this is a friend."

Lu Fei smiled and handed over a business card, "As a friend, I know that Merrill Lynch is very short of cash. It just so happens that Huaxia has formed a financially strong syndicate, which may be able to save Merrill Lynch."

"Really!"

Sny O'Neill looked at the "CICC Finance" written on the business card, and was overjoyed: "Lu, I'll have someone hand over the mortgage rights of the remaining 8 Marvel heroes! And short Lehman, what do you say, I'll do it No matter what to do, Merrill Lynch will try its best to cooperate."

"cheers!"

Lu Fei substituted coffee for wine.

Sny O'Neill doesn't care about Lehman or Merrill Lynch, and his mind is full of how to keep the position of Merrill Lynch's talker.

In the morning, the two sides reached a CDS order of 6.3 million US dollars, and there was also good news from John Paulson.

It is that Wall Street's demand for CDS is too strong.

Basically, eating off the plate and selling CDS is also selling favors.

Coupled with the liquidation of short positions in the ABX index, the two of them pocketed $20 billion in just one day.

In the evening, the setting sun shines on the table by the window of Martha restaurant.

David Solomon, who was sitting opposite Lu Fei, appeared on behalf of Goldman Sachs. To show his sincerity, he specially brought Treasury Secretary Henry Paulson.

He is supporting the platform of Goldman Sachs, especially because——

"Lu, are you sure you still want to short Lehman?"

"Of course Richard declined our offer."

Lu Fei said disapprovingly: "John wanted to invite him to dinner, but he didn't agree. If we can't be friends, then we are enemies."

"From what I understand, Richard went to Asia."

David Solomon smiled and said, "It's either a neon or a stick."

"No matter where I go, I don't want to have this meal with Fuld anyway, not because of money, but because of my mood."

Lu Fei cut a piece of beef tartare dipped in caviar.

"That's a good point! An eye for an eye, blood for blood!"

Henry Paulson looked at him meaningfully. I am very happy that you can help Goldman Sachs. I am even more happy that you can help Goldman Sachs get revenge on Lehman. In short, no matter who engages in Lehman, he will definitely help.

"But……"

David Solomon made a mistake. Although Lehman’s stock fell by more than 30%, when the financial report for the first quarter appeared better than market expectations, the earnings per share of $0.81 saved the stock price that had been plummeting in time, and rose on the day. 46%.

Lu Feidao: "I very doubt the credibility of this statement. Lehman did not fully disclose the assets related to the subprime mortgage."

"It is impossible to disclose the core financial data of an investment bank to the public, but I support your doubts!"

David Solomon raised his glass. It took Goldman Sachs more than two months to completely turn from bulls to bears. It is natural to strike hard at Lehman, the main force of subprime bulls.

Besides, there is a deep hatred!
"And the CDS underwritten by Lehman?"

Lu Fei clinked his cup.

"$10.6 billion is $10.6 billion!"

David Solomon and Henry Paulson exchanged glances. Although Goldman Sachs was also selling CDS, giants like Bear Stearns, Merrill Lynch, and Lehman held most of the CDS in their hands.

Wall Street has always been "too big to fail".

Just like the thunderstorm of Evergrande Real Estate, once it declares bankruptcy, it will cause systemic risks in the entire property market. It may be like subprime mortgages, and the entire real estate collapse.

Therefore, zhengfu can be saved if not saved!
That's why they are so reckless, giving birth to the terrorist financial bubble that combines subprime mortgages and P2P.

"As a friend, I'm putting my words here. If Goldman Sachs encounters a stock price crisis like Lehman, come to me at any time."

Lu Fei said sincerely: "I will not sit back and watch my friends suffer."

"good, very good!"

Henry Paulson smiled with satisfaction: "Cheers!"

With a ding, the wine glass made a crisp sound.

At the joyful dining table, the three of them looked at me and I looked at you, their eyes flickered, and they almost thought in unison——

Let you drink the golden cup together, and the white blade will not spare you.

………………

On April 4, Bangzi Shilla Hotel.

Richard Fuld has been staying for 5 full days, waiting for news from the Bangzi Industrial Bank all the time.

The world's top financial circle is so big, and it is delusional to expect local banks to escape this short subprime mortgage winter.

Now everyone is in danger and thinking about how to survive.

In desperation, we can only pin our hopes on the East.

The reason why we chose Bangzi as the first stop was because Min Yusheng, the president of Industrial Bank, used to be his subordinate at Lehman.

"How about it, are there still so many protests at the door!"

He frowned and asked the secretary feebly.

"As soon as the quarterly report was released, part of it dispersed, but there were still many, many people gathered early in the morning, so the police could only suppress it."

The voice of the secretary on the phone was very weak: "Richard, in order to make an eye-catching financial report, we now rely entirely on No. 105 and No. 108 bonds. According to the current cash reserve, it is no longer enough to fight on the third front. If the stock price continues to fall , Lehman's stock would crash, and we'd all be doomed!"

"Min is already convincing the board of directors of Industrial Bank to buy our convertible preferred shares, which can raise $35 billion!"

Richard Fuld then asked about CDO sales.

Today's CDO seems to have become a poisonous sugar pill, and investment banks such as Lehman are trying their best to sell it to investors in Europe and Asia.

"We can't sell Goldman Sachs and Morgan Stanley in Europe."

The secretary exhaled and said, "Fortunately, the middle-class asses in Xiangjiang are willing to inhale these toxic assets, and many celebrities and businessmen have bought our accumulative options..."

"No matter how big Xiangjiang is, how big it can be!"

Richard Fuld said anxiously: "The key is the mainland!"

"No, according to reliable internal information, Huaxia Zhengfu strictly prohibits any financial institution from buying CDOs privately. Goldman Sachs plans to sell to Huaxia's state-owned enterprises, but it will not work at all,"

"Fake, it must be Lu's fault!"

"Richard, I think we should agree to Lu and Paulson's invitation, if we can reconcile..."

"No way! No way!!"

Richard Fuld said angrily: "Even if I jumped from the Lehman Building, I would not bow to this bitch!"

Just then, there was a knock on the door.

Min Yusheng and his secretary both appeared at the door, bringing good news that the Industrial Bank is secretly contacting the Bangzi chaebol and financial groups, and can form a financial group to save Lehman.

"Really! Then let's go!"

Richard Fuld was full of surprises, and immediately set off for the Industrial Bank with his senior Lehman executives.

As soon as they drove into Seoul Street, the group were all dumbfounded.

The main road has been congested, and the streets are full of angry people shouting, holding candles and holding banners.

"What are they protesting about?"

Looking out the window, although Richard Fuld couldn't understand what they were yelling, his body always felt hairy.

"American cow, get out!"

Min Yusheng's secretary said something coldly from the side.

Suddenly, the atmosphere in the car became awkward.

What the hell, it's okay for Lu, a Chinese man, to deal with me!
You stick people dare to be so rude to me, Zheng Xingqi?

Richard Fuld's face was gloomy. According to his previous fiery temper, the secretary must kneel down and admit his mistake!
It's a pity that the situation is stronger than people now.

I have something to ask for from others, although Min Yusheng used to be my subordinate, but now he is Lehman's great savior.

Richard Fuld shook his head and sighed. As a Jew, he wrote down the secretary's account, and even put the account on Lu Fei's head.

If it weren't for the damn Lu Fei, I would be in such a mess!
It's all because of Lu Fei!
Min Yusheng glared at the secretary, rubbed his hands together, not wanting to embarrass his old club, and explained embarrassingly that there was a demonstration.

The co-author is to resume the import of American beef. Because of the previous conviction of mad cow disease, the Line platform launched an online petition.

Unexpectedly, the anger burned from online to offline. More than 4 people flocked to the streets of Seoul.

In an instant, the scuffle broke out.

"Line?"

Richard Fuld asked curiously.

"That's right, a very, very powerful social networking site that has covered 11 countries and regions in Asia and has hundreds of millions of users. We've always wanted to invest in it, but it's a pity."

Min Yusheng sighed.

"There are still companies that reject your investment?"

"Of course, the founder of Line is Li Yinxin, the third daughter of Samsung, and the biggest shareholder behind it is Penguin!"

"penguin?!"

Richard Fuld's complexion changed.

Damn Lu Fei, why are you everywhere!
Min Yusheng said with a smile: "But it's okay, we have found a new cooperation opportunity. The Industrial Bank will join Line's online payment, called 'Taifubao', 'Tenpay'..."

"Ding Lingling, Ding Lingling~"

Just when the traffic was jammed, Richard Fuld received a call from the vice president of Lehman, panicked and urgent——

Traders such as Merrill Lynch, Goldman Sachs, and Morgan Stanley are spreading rumors about Brahman's fraudulent financial reports.

Even cooperating with Lu Fei and John Paulson to short Lehman together, many small and medium-sized funds with no structure, such as Greenlight Capital, immediately followed in the footsteps of the "God of Short Selling" and "God of Investment".

Whoever wins, who will they help!
There is an endless trend of not overthrowing Lehman!

"Watt! Falk!"

Richard Fuld completely broke the defense and cursed.

They are born from the same root, so why rush each other, they are both global giants of Jewish descent, if you don’t help your own people, you all help Lu Fei?
A Chinese?

"Richard, has Industrial Bank agreed to buy my Lehman stock! We need money! We need to save the stock price!"

Hearing the yelling of the vice president, Richard Fuld couldn't sit still. The current Industrial Bank is the savior.

Like being in jail, I finally arrived at the bank by car.

However, what made his whole heart instantly cool was that the Industrial Bank's plan was almost exactly the same as that given by Huaxia CITIC——

There is no shortage of cheap stocks at all.

It’s okay to ask for money, but you have to exchange it with high-quality assets!
For example, a 20% stake in Bloomberg.

"Min, didn't you say you would buy Lehman's stock?"

Richard Fuld's eyes were round and angry.

"I can't do it either."

Min Yusheng smiled wryly.

"You are the president, why can't you do anything?"

In Richard Fuld's eager eyes, how much he looked forward to his old subordinate, the current savior, being able to show mercy.

"Sau Rui, I can't decide whether to buy assets or stocks. This is the will of the financial group."

Min Yusheng's face was full of helplessness, "Unless you can persuade the bank that made this proposal to change their mind."

"which bank!"

"Industrial Bank and Hansung Bank."

"Then hurry up and make an appointment with their president..."

"It's useless to invite them. Chairman Li Jianxi or Ms. Li Fuzhen must be invited."

Min Yusheng directly said that the biggest backer behind the two companies is Samsung, and about half of the financial group has joined the online payment network woven by Tenpay and Tenpay.

"This this……"

Richard Fuld couldn't help but fell silent.

Lehman needs money, but it is not a last resort. This money must not be exchanged for valuable assets. Even if it is exchanged, it will not find the financial syndicate of Bangzi, but the syndicate formed by Huaxia.

The price is higher!

Open conditions are better!
Somewhere, it seemed that he was being forced to sell it to Huaxia at a low price.

This is too much of a coincidence, right?

"Sau Rui, I express my regret."

Min Yusheng was like a light on his back, not knowing how to deal with it.

"American cow, get out!"

Accompanied by the roar of the parade, Richard Fuld's face twitched, full of pain, under disappointment:
"Tell Paulson, I will treat them to dinner when I return home."

NS?
Whether it is Min Yusheng or Lehman executives, thinking of the same person at the same time, perhaps not saying the name of "Lu Fei" is already the last stubbornness of Richard Fuld.

(End of this chapter)