Reborn Millennial Gamer

Chapter 563 The attitude is correct! (4K)

At the beginning of the year, Lehman's stock price reached a record high of US$86.18 per share, and its market value was close to US$600 billion.

Now, the New Century Company went bankrupt before, and then there were Wall Street wolves such as Merrill Lynch and Goldman Sachs. Under the leadership of John Paulson, the wolf king, they attacked Lehman by surprise, and the market value immediately plummeted.

In just one day, a total of 57 billion dollars was evaporated!

It can be regarded as revenge for shorting Penguin.

But revenge is only a small goal, just like Goldman Sachs sold gold to short gold futures, and the big goal of shorting Lehman was to shake the entire real estate and financial system and detonate panic.

The bigger the storm, the more expensive the fish!

The more panicked the market, the more expensive the CDS contract!

But what is puzzling is that until now, the ABX index has only fallen to 33 points, and it has only dropped 4 points.

On paper, the fund only won 16 billion yuan.

"John, why is this happening?"

Lu Fei poked at the computer, and the screen displayed the market trends of Fannie Mae and Freddie Mac. The stock prices both went up, climbing to US$60.57 and US$57.2, although they held many shares of Fannie Mae and Freddie Mac. up 150%, but—

He obviously exerted 7 points of strength, but only received 3 points of effect.

"Although Merrill Lynch, Bear Stearns, and Lehman have reduced their CDO risk exposure, they are still aggressively buying bonds in the real estate market." John Paulson explained truthfully.

"It's already this time, and you still haven't run for your life!"

Lu Fei shook his head and laughed, "It's because I firmly believe in 'too big to fail'. Even if something happens, the United States will take care of it, right?"

"At least Goldman Sachs doesn't think so. It not only packs toxic assets and sells them cheaply to peers, but even shamelessly sells them to mutual funds."

John Paulson's tone was full of disdain.

It's really crumbly!
Lu Fei smacked his lips. Unlike private equity funds, mutual funds are similar to Huaxia's public equity funds, but they are called differently.

According to the regulations of the United States, I want to become an LP of a private equity fund.

One of two requirements must be met, either an investment of more than $100 million or a net worth of more than $210 million.

Mutual funds have no such requirement.

Just like the fund products on Alipay, even a small amount of 10 or 20 yuan can be bought.

In the United States, there are more than 15 mutual funds with a scale of more than one trillion dollars.

There are thirty or forty ones with a scale of hundreds of billions of dollars.

Almost 40% of households in the United States hold more or less various mutual funds.

Most of the funds are circulated between U.S. stocks and U.S. bonds, with one-third of U.S. stocks and one-half of U.S. debt. Strictly speaking, mutual funds are the real cornerstone of the American economy.

This is why if the U.S. stocks or U.S. debt collapse, the huge United States will basically be cold.

For 40% of the country's most solid middle-class families, their investment and savings have been squandered all of a sudden, so it's no wonder they don't die!
Therefore, the supervision and review of mutual funds are very strict.

However, even mutual funds, the last line of defense, have been completely sucked into the mud pit of subprime mortgages, plus the P2P mine——

The explosion was even more shocking, the ground was more moving, and the ghosts and gods were crying even more!

"They have no bottom line in order to save themselves."

John Paulson had a gloomy face, "Also blocked all bad news, the media is full of subprime mortgages without any problems, cool, absolutely safe, stable and good, huh, fake news!"

As he spoke, he couldn't help sneering: "It would be great if we could expose all the first-hand information we have investigated."

"Then you and I have to write a suicide note and will in advance, maybe the plane will crash unexpectedly one day."

Lu Fei shrugged. Even "The Big Short" couldn't be published at this juncture. He planned to strike the last hammer when there were obvious signs of the subprime mortgage collapse.

"Well, we can only appreciate it alone."

John Paulson changed the subject: "But it's good, give us enough time to clear contracts and positions."

Lu Fei said: "There are also 'two rooms' stocks, which must be polished in June and July, and replaced by gold derivatives."

John Paulson nodded: "It's a pity that this short sale failed to use fear to make money as you said. If Lehman is really hit hard...how is Richard Boy's fundraising?"

I saw Lu Fei operate the mouse and open the mailbox.

Li Fuzhen wrote back and gave an answer, and the negotiation broke down.

"Richard has not lost his mind and sold high-quality assets. Otherwise, as soon as the news is made public, the credibility of Lehman's quarterly report will be questioned immediately."

While talking, John Paulson noticed that Lu Fei touched his chin and laughed from time to time: "What are you laughing at?"

"Oh, I think of happy things."

Lu Fei looked at the baby photo attached to the mailbox. The plump baby boy was sleeping soundly in the cradle, and the corners of his mouth couldn't help but curl up.

"What are you happy about?"

John Paulson was curious.

"My wife is having a baby."

Lu Fei smiled.

"Really? Wow, Lu, congratulations!"

John Paulson excitedly said: "It must be celebrated!"

"When we negotiate with Lehman, let's celebrate together. Did Richard say how to meet?"

"At Easter time, there will be a special party in New York."

…………

On April 4th, the annual Easter parade came to an end on Fifth Avenue in New York, and the lights were on in the middle of the night.

The Waldorf Astoria Hotel has gathered celebrities from all walks of life in the United States, especially wealthy Jewish families.

Zeng Li can't drink alcohol, so she can raise her baby with peace of mind.

Lu Fei could only continue to let Ivanka play a guest role as a female companion, and there seemed to be a consensus among the upper class that he understood the keyhole of the Wang family's luxury car with big headlights, and kept inserting the keys of Master Lu's car.

Ivanka was wearing a white cheongsam with a swaying skirt.

As soon as the two appeared, they immediately became the focus of the audience, like walking knives, exuding the fragrance of capital.

The guests tonight are all high-net-worth individuals.

Their money is either handed over to private financial consultants, or to private equity funds and investment bank giants.

Today's Three-Body Fund and Paulson's Hedge Fund are simply the favorites among Wall Street funds. It has only been two months——

For John Paulson alone, the first fund gained 293.7% and the second fund gained 182.8%.

Although the Three-Body Problem has not released the data, how bad can it be?

Just look at the pile of old money and new money who got the fund shares, toasting and chatting with Mr. Lu with enthusiasm on their faces, without even thinking about it, it must be Qin Shihuang who touched the switch——

Win!
Such a high rate of return, such an exaggerated profit margin.

It is impossible that no one is not moved at the scene.

The political and business families and shadow families who had never thought of investing in the Three-Body Fund project before regretted it and couldn't wait to get a ticket to board Master Lu's big boat.

And those who have eaten meat and drank soup are eyeing the joint family office, including Buffett, Bill Gates and Lu Fei. If the Madoff Fund is an angel-level fund,
Then, the multi-family office is the God Fund!

Master Lu, take me!

At this moment, the star-studded giant crocodiles looked at Lu Fei who was surrounded by groups, with mixed emotions and mixed feelings.

"Damn, Lu you bastard! Bitchi! Shit!"

Richard Fuld saw it in his eyes and felt sore in his heart.

Gritting his teeth, he walked straight in his direction, but when he was walking halfway, he bumped into John Paulson head-on and was pulled aside.

In the ears, there was applause and cheers from the crowd.

"Clap clap clap~"

Most of the guests applauded enthusiastically.

Just because Lu Fei said that he is willing to take everyone to play together.

Of course, it will not be like the Christmas banquet, where all comers are welcome, and the threshold set is surprisingly high, not just the investment amount.

The point is, other resources and values!
The Newhouse family, the Cox family, the Marrs family, the Wertheimer family, the Kennedy family...

And the Walton family is the first choice.

Wal-Mart is not only a logical strategic partner, but also the object of learning from Hantang Commercial Plaza.

Sun Hongbin only has experience in real estate sales and development, and has no experience in commercial centers. Even if a ready-made team is poached from Wanda, it is not enough, and a mature management model is needed.

Coincidentally, Wanda learned from Wal-Mart.

Lu Fei naturally also learned from Wal-Mart's centralized management model.

"Pleasant to work with."

As the contemporary patriarch of the Walton family, Robertson Walton raised his glass with a red face.

"Pleasant to work with."

Without any effort, Lu Fei got Wal-Mart to agree to become the first heavyweight brand owner in Hantang Plaza.

Just as he took a sip of his drink contentedly, he heard an argument between Chadford and John Paulson not far away.

"The bankruptcy of New Century Company was just an accident!"

Richard Fuld growled like a bulldog: "The turmoil is only temporary. The delinquency rate of houses has risen to 5.4%. What's the matter? The risks brought by it have been well controlled. For Lehman, for the entire Earnings on Wall Street had no impact."

"It really doesn't matter?"

John Paulson relentlessly questioned whether Lehman's quarterly report data fully disclosed subprime-related assets.

I sue you for slander, you know?
I sue you for slander!He slandered me!

Richard Fuld became furious, "Is it because you have been deliberately spreading rumors to affect Lehman's stock price so that you can sell short? I will ask the Securities and Exchange Commission to investigate!"

"Okay, I think both sides can be checked."

Lu Fei smiled and interposed between the two of them, seeming to persuade the fight, but in fact he sidestepped it: "John also has good intentions, he just wants to guide you Lehman to improve the capital structure and face losses squarely."

"Is it good intentions, don't you know in your heart?"

Richard Fuld snorted coldly.

"There are a lot of people here, let's go outside and talk."

Lu Fei pushed the work of entertainment to John Paulson, and the two walked to the open balcony one after the other.

There was no moon and no stars in the sky, and it was pitch black.

"Are you talking about peace or declaring war?"

Lu Fei said solemnly: "Answer me after thinking clearly."

Richard Fuld recalled the many difficulties in financing, full of emotion: "If I treat you to dinner and play bridge on the day of the Christmas banquet, don't you ask Merrill Lynch and Bear Stearns to make trouble for you, will the result be no the same?"

"I don't like bridge."

"Want to learn? If I have a chance, I can teach you."

"With Lehman's current situation, is there still time to play cards?"

"That's not you! Because of you, Lehman's shareholders, employees, and even the entire financial system have suffered!"

Richard Fuld gritted his teeth: "Billions of dollars evaporated, you made me lose badly, Lu."

"Is it miserable?"

Lu Fei smiled and said, "Why didn't you say it when you attacked the penguin? With your attitude, it's hard for me to forgive you."

"How on earth are you willing to stop?"

Richard Fuld lit his cigarette irritably.

"I can stop shorting Lehman, and maybe I can let you buy CDS at the current market price, but it depends on your attitude." Lu Fei took out a cigarette from the cigarette case, and it was still between his fingers. Staring straight at him, the meaning couldn't be more obvious.

"Show, show..."

Richard Fuld is a well-known tyrant on Wall Street. Only others kneel to him and admit his mistakes, but they rarely make him bow his head. But when he thinks that Lehman is in danger, he has no choice but to light a cigarette for him:
"Sau Rui, Lu, I was wrong."

"This is the attitude of peace talks!"

Lu Fei puffed out the smoke ring, "After all, I'm not like a Jew, I'm a tooth for a tooth, blood for a tooth, Chinese people like to do things one step ahead, so we can meet each other in the future, if you are a neon person, I will make you kneel down and say It is called 'red bean paste, dead nimasai'."

Make me kneel?

I'm a decent person from Zhengxingqi, don't even think about it!
Richard Fuld held his breath, feeling uneasy, not knowing what harsh and humiliating conditions Master Lu proposed again.

"But you are an American, not good at apologizing, but good at dealing. If you ask me to stop, what price should you pay?"

Lu Fei squinted his eyes in the smog.

Richard Fuld was startled, never expecting that he would not make things difficult for him, unexpectedly he decisively proposed——

Don't you just want Lehman's high-quality assets!
I give!

But he kept the last dignity and the bottom line, "But I won't sell it to you, I will only sell it to the Huaxia Bank Group behind you."

"can!"

Lu Fei had exactly this intention, anyway, middlemen can also earn the price difference, and they can also earn a big favor with the four big banks.

After all, in the tide of listing, it was cut off by foreign capital as leeks.

Finally, you can vent your anger and cut off Wall Street!

…………

Back at the banquet hall, the two looked at each other with disgust, and immediately separated.

John Paulson came up and asked in surprise:

"That's it?"

"Don't worry, I never do things that harm others or benefit myself!"

Lu Fei said: "Let me ask you a question, do you know why Lehman lost so badly this time?"

"Because they got Goldman Sachs and they dealt with Lehman?"

John Paulson blinked.

"It's just that I didn't play me to death! I have the ability to play him to death!"

Lu Fei smirked and said, "If you kill him all at once, it won't be fun."

"Lu, Richard is not fun, be careful..."

"If you want to play, you must play! If you don't play, how can Richard relax his vigilance and continue to buy subprime bonds on a large scale? If he doesn't buy out debt, how can he completely bring down Lehman? If he doesn't take down Lehman, how can he detonate the subprime mortgage? Ray, how can we make a living?"

"Gollum."

John Paulson swallowed: "Lu, I don't want to be your enemy in this life."

"Attitude is right!"

Lu Fei patted him on the shoulder.

The two then combined a larger short-selling plan, focusing on Merrill Lynch, Bear Stearns and Lehman, and the chat was full of enthusiasm.

He drank all the wine in the glass and forgot it until his mouth was dry, and he suddenly realized that at this moment, two glasses of wine suddenly appeared in front of him, and they were taken by two unexpected women.

"Bichi! How dare you beat me!"

Not far away, Hilton saw them taking the lead, eyes full of resentment, turned his head away, and saw Ivanka, whom he envied and hated, chatting and laughing with celebrities and rich people.

Relying on the strong publicity of magazines such as "Vanity Fair" and "Forbes", she is on the list of "30 Most Powerful Women List", "30 Rich List Under [-]" and so on.

It seems that he has become a "child of someone else's family" in the celebrity circle.

Didn't he just get close to Lu Fei!
Hilton was very unconvinced, rolled his eyes, and immediately had a wrong idea in his mind, pretending to accidentally step on Ivanka, and picked the sharp heel.

"you!"

Ivanka frowned in pain, and recalled the previous hatred of splashing alcohol. New hatred and old hatred welled up in her heart, and she was about to explode, but she heard Hilton say in a strange way:
"Hey, silly blonde girl, keep an eye on your man!"

"What, do you want to rob me?"

"It's not me, it's the maid who takes care of my wardrobe."

Hilton pouted.

Ivanka followed her gaze, and saw that Lu Fei was entangled with two women, and the leader seemed to be Kim Kardashian!
(End of this chapter)