Reborn as the youngest son of a chaebol, let's get to know his sister-in-law!

Chapter 448 Chen Daojun went on the news to be interviewed
"If I had to choose between the two, it would be to keep the construction in London. If your prediction about the decline of Dubai is right, London Construction will definitely go bankrupt. You know, Dubai alone invested 2.8 [-] million won, this is a huge loss?”

Chen Daojun asked him: "Why do you think you want to keep London instead of Shunyang?"

"From a rational point of view, Shunyang Construction can still carve out a niche in London, but people's energy and funds are limited. Can you take care of it?"

Li Xuezai didn't know the fact that Chen Daojun was about to make a lot of money. At least from his perspective on BAT's financial situation, it was difficult for Chen Daojun to take care of both ends.

Chen Daojun looked at him with a half-smile: "What if we take over the two? A very large construction company will be born from then on."

Li Xuezai raised his head and looked at Chen Daojun carefully, as if he was judging the other party's confidence.

Like Do-joon said, wouldn't it be a piece of cake to acquire a company that's about to go bankrupt?

"Looking at how confident you are, you must have made a lot of money in country M, right?"

“I made enough money to take over two construction companies.”

Li Xuezai's eyes became sharp.

"If we acquire both companies and sell off the cross-holdings or liquidate their other claims, that would be fine."

"But can BAT handle all these matters? Our automotive business is already expanding, and we have always been short of manpower and equipment."

What Li Xuezai said was true, but it was a pity that he didn't know how wealthy Chen Daojun was at this time.

"Talents can be recruited with money. If we give them money, I believe many talents will come to work for us. Looking at the current construction industry, we who have enough funds are the first to suffer a financial drought. Rainfall.”

"If you can use money to control the weather, you can not only have light rain, but also showers." Li Xuezai shook his head. If you have money, that won't be a problem.

Dao Jun and Li Xuezai smiled at each other and began to discuss the acquisition of the two companies.

At this moment, the two giants of Country M, who were on the verge of bankruptcy, were begging Rachel, the CEO of the New York Daily Company.

"Please stop talking. In this economic situation, guaranteed debt has no value. There is an unwritten rule in the financial circle. Debt exceeds 15% of total assets. This is a sign of imminent collapse. But now it has exceeded 60%, and it is still You are losing blood, how can you ask me to help you? Our investment company should focus on efficiency, not charity."

"You are right, please wait a little longer and we can talk again."

"It sounds like you are preparing to dispose of the last remaining high-quality assets and charge a huge severance package in a short period of time? Isn't it?"

Two attorneys from Merrill Lynch and an AIG insurance agent backed down under Rachel's questioning, while the mortgage chief accountants from the two firms traveling with them began to look into the distance.

Rachel shook the bill in her hand unceremoniously: "Do I look blind? Merrill Lynch's insolvency exceeds US$500 billion, and its daily contracts are US$23 billion. You can't afford the debt. , do I look stupid enough to jump into a pit of fire?"

"Rachel. To be honest, we at Merrill Lynch are negotiating with the Bank of Country M. I will definitely get help from there. The greater the actual loss, the more difficult the negotiation will be. I promise, as long as you are willing to help us tide over the difficulties. , the daily $23 billion will be paid by the Bank of Country M, not us."

Merrill Lynch's lawyer spoke hastily, and Rachel snapped her fingers.

"Oh, by the way, the Bank of Country M wants to recover more than 19 billion U.S. dollars. I have to hurry up. Before acquiring Merrill Lynch, which is insolvent with 500 billion won, gentlemen, please take it back!"

Rachel's eyebrows rose, and several people who once dominated Wall Street began to sigh again.

Seeing that they were completely shocked, Rachel changed the subject:
"Considering your situation, I can try to postpone the debt recovery later. I also hope that the shock wave of the subprime mortgage crisis will be as low as possible. The collapse of Wall Street is by no means desirable for the day."

Hearing her sincere words, the men's eyes flashed with anticipation.

But her expression suddenly became a little strange:
"Chairman Stan O'Neill, did he officially resign yesterday?"

"Yes, it is temporarily assisting me in my work."

a Merrill Lynch representative replied.

"If it's $500 billion in insolvency, it's normal to be fired, not retirement! Isn't it? But since it's an honorable retirement, you shouldn't get severance pay!"

Being snatched away by Rachel, the two of them were speechless.

But Rachel was still exposing her shortcomings unceremoniously:
"Obviously the company's debt is so serious, but you also got a severance package of up to 1.6 million US dollars, right? As the person in charge of a 500 billion US dollar bankruptcy during your tenure, you can still get such a high annual salary and do such an unethical thing, you Aren’t you ashamed that a $1.6 million severance package is the cost of hundreds of families losing their homes, jobs and retirement plans?”

Her anger was justified.

When a company is insolvent, those shareholders and executives are often the rich ones. They pay dividends every year and complain about poverty every year. As a result, they leave the mess to the shareholders and run away!
"Same for you, AIG is nearly $2000 billion in insolvency, but Joseph Cassano, not to mention fired, I heard he currently has a weird position as a consultant, right?"

The other party tried to explain: "That, that...Joseph Cassano took responsibility for this situation and resigned until the end."

Rachel didn’t believe a word of this nonsense: “In the end, haha, will he try his best to the end? Such a person goes to the Bahamas for vacation every week? Consulting fees are paid more than 200 million US dollars per month, how much does your company have left? For a consultant like this, is this what you mean by having no money?"

AIG was insolvent and unable to make acquisitions.

Credit default swap is an insurance strategy, and M Country International Group, like the world's largest insurance companies, has signed huge swap contracts.

"It's useless to talk more. I'll stop here. Don't forget when you go back. If our company's money has not been received when work starts tomorrow morning, we will meet in court."

Hearing the word "court", several people broke into cold sweat.

Bank of America is not stupid enough to acquire a company during litigation.

The same is true for M Country International Group.

If the case proceeds to litigation, Congress will certainly block the government's attempt to inject emergency aid.

The representatives from the two families stood up quickly.

They thought that they must raise money as soon as possible to prevent that nasty Rachel from doing what she did next.

In the past few days, Daojun almost went to work in the office of the chairman of BAT Group.

He is in a very happy mood. He just needs to check the funds pouring into Dubai every day. The more the better. In the end, these funds will turn into a bomb and pour all on Chen Dongji's head.

"Dojun, look at this. Does the financial crisis from country M seem to be weaker than we thought?"

Li Xuezai threw out a morning newspaper.

"If there is no problem with liquidity, I will make a lot of money next year and I will be more determined to maintain my current position."

When Dojun opened the newspaper he threw over, he was actually a little bored.

How could I not know what was happening in the world?
At the same time, he felt a little disdainful that Li Xuezai had stayed by Chen Yangzhe's side for so many years.

Is this all you have?The newspaper clearly stated:

"Hanguo Industrial Bank is seeking to acquire Lehman Brothers, a giant financial group in Country M, and we have put forward specific acquisition conditions.

Three acquisitions are recommended at prices of $23, $18 and $6.4 per share. 』

Chen Daojun complained: "To acquire Lehman Brothers, it is simply a waste of life..."

"Are you sure?"

"Of course, Lehman Brothers did not benefit from the bailout from the government of Country M, because there is really no way to escape. I think it will go bankrupt soon."

After the bankruptcy of Lehman Brothers, Nomura Securities, which aims to become a global investment bank, will acquire Lehman Brothers' Asian and European units.

With all employees employed, the acquisition amount was just $2 for the European division and $2.25 million for the Asian division.

Nomura Securities, which has 11 trillion won in equity capital, saw it as an opportunity to become a world-class investment bank and invested the capital without hesitation.

Buy shares at $23 a share in a company that can be purchased for just $2.

Chen Daojun speculated that either the person in charge of Nomura was an idiot, or he was hiding a dirty deal.

If Hanguo Industrial Bank, a national bank, acquires Lehman Brothers, which is about to fail, it will inevitably cause huge losses, and these losses will ultimately have to be borne by people's taxpayers' money.

People's money being spent on the wrong things has nothing to do with Do-joon, but it's a good opportunity.

"I need to hold a press conference to issue a warning."

"What? Warning?"

"Yes, this is a prediction and warning that the financial crisis in Country M will evolve into a financial tsunami and will quickly hit Country Cold."

Li Xuezai frowned.

He didn't understand what the point of doing this was.

If the prophecy is true, Chen Daojun can obviously make plans in advance to make a fortune in silence. If the prophecy is false, he will undoubtedly be ridiculed by the public.

Chen Daojun smiled: "This is not a warning, but an intention to detonate the bomb in advance. There are only a few days left. The moment Lehman went bankrupt heralded the collapse of the global economy. It doesn't matter what news I shoot, but I need to be here The occasion adds credibility to my words.”

"Are you going into politics? Where do you build trust and spend it?"

Li Xuezai frowned, because Chen Daojun used to be very low-key and had never been so public.

"Of course not. Tell me, if I expose the irregularities in the succession process of Shunyang Group, will public opinion be on my side?"

"A press conference will be held in two days. Shunyang Group has two feet stuck in Dubai and London. I will give it another push."

Li Xuezai was speechless.

"I predict that the government of country M will soon inject hundreds of billions of dollars in public funds, more than 800 million houses will be forced to cut off payment, Bear Stearns will go bankrupt, and mortgage loans will be frozen across the United States. The situation is irreversible. I promise you Guaranteed, Lehman Brothers will definitely go bankrupt.”

"Mr. Chen Daojun, the Lehman Brothers you are talking about is the same company that Hanguo Industrial Bank is negotiating to acquire, right?"

"Yes, there is only one Lehman Brothers in the world."

“Can I interpret this to mean that negotiating an acquisition is the wrong thing to do?”

Chen Daojun looked at the camera with firm eyes: "What a big mistake! No matter what I think, I can't understand what is going on. The money of our citizens is saved by everyone's hard work. If a family The company goes bankrupt and its stock is worth zero. Now you're paying $26 a share for an asset that will soon be worthless? I'd say you might as well use that money to buy a stone thrown on the side of the road."

As the press conference progressed, Chen Daojun's anger seemed to gradually increase, and he lowered his voice.

"Have you forgotten what happened ten years ago? The financial crisis in country M has cast a dark cloud on the global economy. Without the government doing a full investigation, investing money in a damn company is tantamount to destroying A betrayal by the taxpayers.”

The reporter's eyes became brighter and brighter. The head of Shunyang Financial opened fire on Hanguo Industrial Bank. What a perfect topic: "Are you comparing the financial crisis of country M with the International Monetary Fund (IMF)?"

"It's essentially the same. The only difference is that the epicenter is country M, not Asia."

As soon as the word IMF came out, reporters became excited.

He knew it wasn't time to relax yet, the interview wasn't over yet.

"Mr. Chen, do you mean that a crisis like the IMF is about to start again?"

The International Monetary Fund is also powerful.

This is like a national trauma. Once many cold country companies sign a contract of betrayal, they will never be able to get rid of it.

"Depending on how you look at it, in particular, there needs to be rigorous analysis of each institution and I think slack should never be shown."

Chen Daojun said it categorically!
These are the words of the young Warren Buffett.

Do-joon's profile appeared on the front page of an economic magazine, Do-joon's face appeared on the economic page of ZY magazine, and Do-joon's interview photos were also published in sports newspapers that were no different from entertainment magazines.

In addition, other broadcasters are no exception and have broadcast the entire interview in prime time.

They are all senior media people and know that the title of Shunyang Group's third-generation investment genius is a foolproof trump card to ensure ratings.

So far, the chaebol have never alerted state agencies.

Most of them have only held this position in universities or economic institutes, or have worked hard to earn wealth.

It is a very rare event for a chaebol member to be interviewed publicly and attack the bank, so Dojun successfully attracted public attention, and public opinion was favorable to Dojun.

Coldland Development Bank was thrown into disarray and appeared to abandon its takeover of Lehman Brothers within a day.

Because it was just an intention and no concrete plan, they quickly backed down.

Daojun got the result he really wanted.

University economics professors who had been silent all of a sudden started firing as if they had taken stimulants, and many economic research institutions published research papers warning of a bleak future.

(End of this chapter)