Reborn Millennial Gamer

Chapter 622 The Rayman Moment (4K)

July 9, New York.

The whistle of "Dididi" resounded in the narrow and crowded Wall Street.

Lu Fei opened the curtain and looked out, and saw densely packed people with all skin colors, marching and demonstrating, holding signs and shouting.

Relatively mild ones also gathered in front of Goldman Sachs, Morgan Stanley and other companies to sit quietly, and passing by them, some were dressed in suits and some were wearing casual clothes, but one thing was the same, they were holding two things in their hands ——

Backpacks and suitcases.

The dismissed employees looked solemn, facing the reporters and the camera, unable to restrain their inner disappointment and anger.

"What a beautiful sight, isn't it?"

Lu Fei watched coldly and pulled down the curtain.

"What you asked Carlson to check has been found."

Xu Xin shook his head and laughed and said, "He went bankrupt and reorganized the entertainment and leisure resort that was renamed. Because of the subprime mortgage crisis, he is on the verge of bankruptcy again, which is the sixth bankruptcy. He is really a genius. Casinos can make him go bankrupt twice."

"There is no unexpected, only he can't do it."

Lu Fei raised his eyebrows, and finally understood why Ivanka was so proactive, and even wanted to give birth to him.

boom!
At this moment, a person fell from mid-air and hit a Japanese car impartially, causing the windshield to explode.

In an instant, the entire roof sank in.

With the sound of sirens, people were thoroughly ignited and flocked to the company protected by the police.

Under the cover of Wang Ben's bodyguards, Lu Fei and others entered the headquarters building of the Blackstone Group, which has a good security level.

Unexpectedly, Su Shimin, the speaker of Blackstone, came out to greet him in person.

"Wow, I really didn't expect, shouldn't you be playing golf in Florida?" Lu Fei shook hands with him.

"If my successor is you, then I can sit back and relax and play golf, but unfortunately I don't."

Su Shimin sighed, "Although Blackstone has talents, they are all people who feel at ease after a little achievement. They can't control the ever-changing investment market, especially the complicated economic situation like subprime mortgages. They can only be me, the old captain. Continue to take the helm, I don't know who can take my place..."

"You will definitely find a good successor."

Lu Fei walked into the reception room and ordered a cup of coffee.

"No matter who takes over, we will never forget the friendship between you and Black Stone." Su Shimin looked at it meaningfully.

Nonsense, who can have trouble with money?
Lu Fei smiled coldly in his heart. In order to be able to nibble on the big cake of subprime loan, Heishi was naturally drawn into his camp.

At the end of July, he and John Paulson quit as soon as they saw each other. They called for money to withdraw their troops, digested the results of the battle, and shared the spoils with their allies.

The entire community of interests, each earning a lot of money.

John Paulson alone earned more than 40 billion US dollars, directly from the fund as a worker and became the owner.

The Three-body Fund originally estimated that the income was about 170 billion US dollars, but the result was far beyond their expectations——

Earned a full 192.8 billion US dollars!

The key is to share the surplus after the cake!

It is almost equivalent to all the net worth of a Li Cucumber family, and one-third of the net worth of the Bill Gates family!

"Lu, what do you think of the current situation?"

Schwarzman asked about the situation after the subprime mortgage crisis, especially the fate of Lehman and Merrill Lynch.

Lu Fei asked without answering: "Didn't the Ministry of Finance ask you for a meeting? You should know better than me?"

"Don't mention it, they have too many bad debts."

Su Shimin said helplessly: "But Henry told us to save Lehman no matter what, too big to fail, but he and the Fed didn't participate, and didn't intervene, they just said, 'Anyone who is present but unwilling to help, we will remember You guys, what a headache."

"Zizzizi~"

Lu Fei took a sip of his coffee, "You don't know if you're swimming naked until the tide goes out. The best case is to be rescued ashore like Bear Stearns, and the worst case is to drown in the water."

"Merrill Lynch is not clear yet, but there are two potential buyers of Lehman, Bank of America and Baler Bank, which are estimated to need 650 billion US dollars." Schwarzman held out two fingers.

"It's not something I can get involved in, and I can't get involved, but if I can, I hope that Lehman will drown in the water."

Lu Fei's eyes flickered, thoughtful.

"Why am I not, Lehman offended you, offended me, and offended Henry and Goldman Sachs, but if we don't save them, we will have a hard time. The subprime mortgage crisis is intensifying, and all stock markets are falling. Few people like you penguins didn't fall."

Su Shimin smiled knowingly, "Most of them are selling for cash. Before getting down to business, I want to ask your opinion?"

"If you stick to it, there is a way."

Lu Fei looked straight at him and smiled mysteriously.

In fact, I have been secretly preparing to buy the bottom, buying back the Amazon, Apple, Microsoft, Sony that I had previously cashed out at high prices...

"It seems that we are heroes who see the same thing."

Su Shimin laughed, Blackstone's strategy is to insist on not selling, waiting for the economy to pick up, and there will be gains.

"According to what you mean, you don't consider selling Freescale's automotive chip department to us?" Lu Fei heard the voice.

Schwarzman shook his head and said, "I hope that Freescale's problem will be solved by the problematic mobile phone chip department, rather than sacrificing other healthy and normal businesses."

"The automotive chip market is not as easy as expected, and not long ago Motorola paid compensation and suspended the agreement with your mobile phone chip procurement obligation."

Lu Fei directly talked about Freescale's dilemma.

After Motorola sold Freescale to Blackstone, it still supported Freescale as its own son and signed a long-term purchase agreement, accounting for 30% of the entire revenue.

But now, there are Nokia's dominant feature phones in the past, and smart phones such as Logic and Apple are copying the way. Motorola can't take care of itself, so it can only continue to reduce the purchase of Freescale.

In the end, Freescale lost Motorola, a major customer, and couldn't sell mobile phone chips, let alone make money.

The debt is getting higher and higher, as high as $75 billion.

"That's right, so we found a new partner for Freescale." Su Shimin said, "Huawei."

"I know about this matter. Huawei has sent out bidding invitations to you and KKR's five private equity funds, but it seems that you haven't heard anything about it?"

Lu Fei, as an honorary advisor and shareholder of Huawei, knows very well that although Huawei has shipped more than 2000 million mobile phone terminals, the investment is huge and the profits are meager, making no money at all.

There is a "smiling curve" theory in the manufacturing industry.

The global industrial chain is divided into three links: product research and development, manufacturing and processing, and circulation. The profit margins of the three links are connected on the coordinate axis, which is a smile curve similar to a human face.

Product R&D and distribution links at both ends have high profit margins, while manufacturing and processing in the middle is hard work.

Do more, earn less, risk more, and earn less.

So I wanted to sell the mobile phone terminal as Foxconn, hoping to sell at least 49% of the equity in exchange for $20 billion.

"You know, because of the subprime mortgage crisis, we can only suspend the negotiation temporarily, and restart the negotiation after the whole world gradually gets rid of the financial crisis." Su Shimin said seriously.

"Is this how Freescale plans to survive the economic crisis?"

"This is also a no-brainer."

"I have a way."

Lu Fei spoke out the plan he had prepared long ago, and exchanged Su Zifeng's non-compete agreement for a logical procurement obligation agreement.

"It's really a good idea."

When Su Shimin heard this, his eyes lit up.

"We can purchase Freescale's chips, but the supply must be on time, and there must be no delay." Lu Fei's biggest worry is that the excessive debt burden will seriously affect the capital turnover of Freescale's normal business activities. Can't survive subprime mortgages.

In case of bankruptcy, it is necessary to temporarily find an alternative supplier urgently.

"Lu, you don't have to worry at all, I can let Freescale disclose the financial report to Logic alone."

Su Shimin made a decision without thinking.

"Then it's settled."

Lu Fei nodded with satisfaction.

Freescale was privatized by Blackstone, and there was no obligation to disclose financial reports to the outside world, but now that he has mastered it, it is equivalent to opening up a perspective on logic and knowing Freescale well.

"deal!"

Su Shimin stroked his white beard and made a decision.

After some bargaining, the chips used in Logic's tablet computers will continue to be purchased from Freescale, and the next-generation kindlepad chip project will also be jointly developed.

As for mobile phone chips, they are mainly low-end.

In addition to selling to domestic copycat phones with a "turnkey" solution, Pengpai Technology mainly sells to mobile phone manufacturers included in the "Home Appliances to the Countryside" plan, such as Tianyu and Shenzhou...

In addition to the vast rural market, there are also Southeast Asia, Eastern Europe, and even Africa, but they will not be sold directly to Tianzhu.

"It's a happy cooperation. Maybe it will be Su Zifeng who will come to connect with her old company in the future."

Lu Fei raised a smile on the corner of his mouth.

Back then, Qin Mugong exchanged five pieces of black sheepskins for Baili Xi, but now Master Lu redeems Su Zifeng's free body with a purchase order.

"Haha, happy cooperation."

Schwarzman asked someone to pour two glasses of whiskey, "I always feel that the biggest investment opportunity in the future is in China, just like working with Huawei. It can be mutually beneficial and win-win, and it is also conducive to Blackstone's later investment in China. But what I want to cooperate most is You, Lu!"

He said and handed over a glass of wine, "If Logic is willing to let go of investment, we will definitely be the first!"

"I'm afraid logic won't work."

Lu Fei clinked glasses with him and took a sip, "But maybe Blackstone will be interested in other businesses."

"Like?"

Because Blackstone is an international financial group with operations all over the world, the two talked about cooperation in Europe and Asia.

But the most talked about is Huaxia.

The most talked about in Huaxia is real estate.

A large number of high-quality assets of Blackstone are real estate. It has a wide layout in China's real estate field. Since Lvcheng's major shareholder is also a director of Wangke, it pushed the boat out of Sunac.

"Investing in Sunac requires discussion and approval from the board of directors, but I don't think there is any problem with the cooperation between Green Process and Sunac."

Su Shimin glanced at his watch, "Let's talk about the specifics while eating. I reserved a table at Delmonico's restaurant at noon."

"Buzzing~"

The phone Xu Xin was holding received a text message——

The "New York Times" exposed the scandal of Lehman's repurchase of No. 105 and No. 108 bonds, and the stock price plummeted 5.2%.

"Ha, oh Maika, it's really unfortunate."

Su Shimin asked people to collect information immediately, then turned to face Lu Fei, the corners of his mouth were obviously raised crazily, but he tried his best to pull it down.

"I think I deserve it, don't you?"

Lu Fei smiled and narrowed his eyes.

"Indeed! Lehman really deserves it!"

Su Shimin didn't bother to hide it, and laughed so hard: "Wow, Lu, maybe it's what you want, Lehman is dead."

"It's us, but we have to be prepared to face strong winds and waves."

Lu Fei glanced out of the window from the corner of his eye.

In broad daylight, the streets were crowded with people, and the shouts were mixed with the sound of sirens and horns.

Gradually, dark clouds enveloped the entire sky.

The entire Wall Street was also shrouded in the cloud of financial crisis.

The Lehman repurchase scandal has spread all over the United States, and everyone knows it. In the two quarters of this year alone, more than $500 billion in problematic assets has been covered up. It has become the last straw that broke the camel's back. Lehman has already to the brink of bankruptcy.

Henry Paulson urgently summoned all the giants of Wall Street.

Including Schwarzman, they gathered in the conference room to discuss how to rescue Lehman and save the confidence of the American market.

But this meeting is missing an important person——

It is the person concerned, the CEO of Lehman, Fuld.

"who is it!"

"Fack, who told the secret!"

"Who stabbed bonds No. 105 and No. 108 out!"

Holding a golf club, Fuld angrily hit a stack of books and smashed cups and vases.

Accompanied by crackling sounds, the secretary hurried in and delivered an unbelievably sad news——

"Bank of America just announced that it is buying Merrill Lynch."

"Is it because of our scandal?"

"It's not just this, Merrill Lynch has been secretly poaching our corners since Bank of America was discussing the details of the acquisition with us, and they are also saving themselves."

"Mommy Fake!"

Fuld was furious, "I really can't believe this is true, Merrill Lynch and these selfish people, don't they know that if Lehman collapses, the whole Wall Street will suffer!"

"It's very likely that Goldman Sachs was behind this scandal, which was trying to short Bear Stearns and us."

The secretary said bitterly: "He wants us to die right now!"

"It's useless to worry about these things now. We must survive first. Only by surviving can we have a chance to settle accounts with the bastards like Goldman Sachs, Merrill Lynch, and Three-Body Problem."

Fuld can only pin his hopes on Baler Bank.

But there was no miracle. Within three hours, Bank Baler decided to withdraw from the rescue of Lehman after the United States refused to provide financial guarantees. The end was doomed.

"Boom."

The receiver slammed heavily on the table.

Fuld's legs were weak, and he staggered, hitting the bookcase on the back, and the trophies, honor cards, photo frames, etc. displayed on it fell off one after another, jingling and ringing non-stop.

In the corridor, the employees could be heard crying softly.

Fuld slumped on the sofa, his eyes were empty, and he murmured: "That is to say, we can only file for bankruptcy, right?"

"Yes, yes, but we still have a chance..."

The secretary was depressed and his voice was low.

According to the application for bankruptcy protection under Chapter 11 of the US Bankruptcy Act, the bankrupt company can still operate as usual, and stocks and bonds can continue to be traded in the market. In the next few months, the business will be reorganized, and the dead horse will be a living horse doctor, trying to make as much profit as possible again.

"No more, it's over, it's over."

Fuld inadvertently noticed "The Big Short" on the table, looked at the name "Huaxialu" signed in the column of writers, angrily picked up the book and angrily tore it up.

"Tear, tear~"

"Goldman Sachs!"

"land!"

"John Paulson!"

"You are all murderers, you are all murderers!!"

Fuld was incapable of venting his rage.

The Nokia that fell on the ground suddenly buzzed and vibrated. The secretary bent down to pick it up with a wry smile. When he saw the calling number, he was completely dumbfounded, and opened his mouth and said:
"It's Lu calling."

"Give me, give me the phone."

Fuld was going to scold his head and face, but he heard Lu Fei on the phone, laughing and uttering a devilish croon:

"How about it, do you want to make a deal?"

"What deal?"

The next day, at 1 am.

Facing debts of US$6130 billion, Lehman, the fourth largest investment bank with a long history of 158 years and the No. 40 investment bank on Wall Street for [-] consecutive years, officially announced to file for bankruptcy protection.

As soon as the news came out, the U.S. dollar and U.S. stock index futures fell in unison, indicating that the U.S. stock market may plummet that day.

Even a stock market crash!
Credit markets froze and banks ran.

The financial tsunami has really entered a climax because of the bankruptcy of Lehman! ! !
(End of this chapter)