The Son of Finance of the Great Age

  Chapter 637 The Last Redemption (9)

   Barclays' wishful thinking is to divide Leimen's assets into two parts according to the reorganization plan announced by Leimen Brothers. The newly established company will be responsible for the former Kaminarimon’s commercial real estate, and part of the funds raised by the consortium will make up for this part of the shortfall, and part of it will serve as the new company’s cash flow to maintain operations.

   Simply put, it is to lend money to the new company to maintain it from going bankrupt immediately. Because it was spun off from Leimen Brothers, if it goes bankrupt, the loss will be recorded on Leimen Brothers' balance sheet.

  Barclay's calculation is very shrewd, but how many fools are here? Soon they understood the joints involved, and Jamie Dimon said with a serious face: "Mr. Klein, according to your estimates, how much money is needed to maintain the operation of the new company?"

   "30 billion U.S. dollars, or more." Michael Klein pretended to estimate, and then said slowly. In fact, internally, they have already reached a preliminary conclusion on this number, but they have not made it public.

  For Bank of America, their acquisition plan is to eat all the assets of Lehman Brothers, including the commercial real estate that was previously announced to be restructured. For their acquisition plan, 30 billion US dollars of funds is far from enough. Their previous estimate was $40 billion, but it was quickly revised to $50 billion. Now, perhaps more is needed.

  In just a split second, the Wall Street tycoons here decided on the best candidate for acquisition. No way, after all, this will use their funds.

   This is the genius of Barclays. Now that various institutions on Wall Street are destined to invest, they will definitely think more about themselves under this premise. If each company can offer 3 billion US dollars, then they will certainly not be willing to choose 5 billion US dollars.

   And most importantly, although everyone is well aware that Barclays intends to get involved in the US market. But Barclays is a bank based in Europe after all. Even if it acquires Leimen Brothers, it will only enter the investment bank, and the commercial bank will still be in Europe. Bank of America is different. If it acquires Lehman Brothers, the superposition of commercial banks and investment banks will definitely not be a simple enlargement of 1+1.

   Even if it is to buy more time for future competition, these Wall Street giants will be more inclined to agree to Barclays' acquisition plan.

   "If we need to pay $30 billion to maintain a company, why don't we just buy the company and run it ourselves?"

However, there are still people who are still dissatisfied, and the one who spoke is still the famous Jamie Dimon, "Although the commercial real estate of Raymond Brothers has suffered serious losses, if the market does not continue to fluctuate, this part of the assets will recover sooner or later. When the time is right, we sell this part of the assets, and the income we get will be far greater than the income from pure interest. Gentlemen, why don't we hold this company according to the proportion of our capital contribution, or even form a commercial real estate company? "

  Originally, these funds were only used as guarantee funds for the new company, but now, according to Jamie Dimon, they have become funds for the acquisition of Rayman Brothers' commercial real estate. As a result, although the nature has changed, the potential benefits are also quite different.

  The purpose of capital existence is to pursue profit, which is its essence. So when Jamie Dimon's statement was just thrown out, the eyes of others were immediately brightened.

  If the possibility of capital contribution cannot be avoided, then we must strive for our own interests to the greatest extent under this premise. This is the real thinking of everyone here, and it is also the best strategy.

   And Jamie Dimon's words are undoubtedly the best method in this case.

"We fully agree with this idea!" Citibank's Pandit immediately echoed, "We can discuss the specific amount and investment ratio. But first, we must convince the Federal Reserve and the Treasury Department to agree to our plan. Everyone, I believe you are not Do you have any objections to this plan?"

   Naturally, no one has an objection. In fact, this is more like a bargain hunting for Raymond Brothers' commercial real estate, but the market conditions have improved, and these real estates will definitely appreciate again. Of course, it may last a little longer in time.

"no!"

   At this moment, Jamie Dimon, who originally proposed this proposal, suddenly objected. His words surprised others, especially Michael Klein of Barclays.

"According to the current valuation, Leimen Brothers' commercial real estate is not worth 30 billion US dollars at all. If we want to spend so much money, it is more than enough even if we count the operating money. So for this transaction, Leimen Brothers Certain assets must be added."

  Since you want to take advantage of the fire and rob, you must go all the way to the end. Whether it is the current Jamie Dimon or Barclays Bank, they are all masters. The target of their robbery is naturally the Leimen Brothers who are now letting mermaids on the cutting board.

It's just that this time Michael Klein didn't dare to back down easily, so he had to bite the bullet and say, "If possible, we are willing to reduce the amount of aid. But if you insist on adding other assets, I need to discuss with Raymond Brothers and Buck Lai’s board of directors communicated to see which parts of the assets are more suitable to be matched together.”

"The assets invested by private equity are good!" Jamie Dimon didn't give the other party time to react, and directly threw out his chips. It is a high-quality asset. But fortunately, the loss of this part of the asset is not very large, and it is worth holding for a long time. So I personally think that this part of the asset plus commercial real estate assets will be the target of our purchase.”

   "Everyone, do you have any comments?"

  After talking to himself for a while, Jamie Dimon "woke up like a dream" and thought of asking for opinions from others.

  Although Jamie Dimon has said so much, everyone here knows that at this time, compared with other equity income, private equity income is a higher-quality asset. Because if there is no accident, this part of assets will be cashed out after the target company is listed, and the income obtained must be greater than the investment income.

  Jamie Dimon also wanted other assets, but after thinking about it seriously, he decisively rejected this idea. First, Barclays may not be willing to let go, and some assets may not be suitable for long-term holding, but the private equity of Lehman Brothers is quite good, and because the ability to realize cash will be considered as tasteless, so after a little thought Felt like swallowing this part of the whale.

   "Of course, it would be better if that's the case. You're more thoughtful, Jamie!" In the blink of an eye, Citi's Pandit agreed. When he agreed, he was also secretly surprised, this **** CEO is really too powerful.

  With the statements of the two banking giants, other institutions will naturally not say anything more, after all, this is a good thing for them to earn future income. Even if it is possible to increase the investment, if it is distributed to everyone, each company will not spend more than tens of millions or hundreds of millions of dollars, which is nothing at all for the funds that have already invested billions of dollars.

   After listening to the statement, Jamie Dimon turned around and said to Michael Klein condescendingly: "Mr. Klein, what do you say?"

   "This..." Faced with this sudden situation, Michael Klein blushed so anxiously that he wanted to notify Bob Damon, but it was too late. But if he prevaricates himself and can't make a decision, it is obviously impossible for the people present to let him go.

After thinking and thinking, Michael Klein decided to deny Jamie Dimon's decision, because for Barclays, giving up the private equity assets of Lehman Brothers means the loss of a large amount of potential income, and this responsibility is not his responsibility. Able to bear, "Gentlemen, your proposal I..."

"agree!"

   Before Michael Klein could say what was in his heart, a voice sounded abruptly, and then two people walked in from the door. They were Paulson and Geithner.

  Everyone straightened their faces, and instead of the casual and relaxed posture just now, they straightened their bodies and looked solemnly at the Secretary of the Treasury and the Vice Chairman of the Federal Reserve.

"It is said that someone is not going to pay to save Leimen?" Paulson looked around the venue, his expression was neither sad nor happy, and Gujing was calm, but what he said made people shudder, "If anyone wants to withdraw at this time, even Just stand up."

  Everyone felt the anger in Paulson's words, and no one dared to show up at this time. Although everyone knows that this rescue operation is similar to crowdfunding and is completely voluntary. But if you really want to understand it this way, then his awareness is really too low.

   "Mr. Minister, what you said is not true!" Amidst the silence, Jamie Dimon stood up and replied, "We were still discussing how much money to use to rescue Raymond Brothers."

"Oh?" Paulson gave Jamie Dimon a strange look, and asked curiously, "Jamie, are you discussing to rescue Brother Raymond? Tell me, how much money do you plan to raise to save Brother Raymond?" ?”

"30 billion U.S. dollars!" Jamie Dimon said a number with some complacency, but he changed his tune the next moment, "No, it's 33 billion U.S. dollars. This is the total amount of funds that we have negotiated. But so far, We haven't reached an agreement yet."

   "What's the trouble?" Paulson frowned, obviously dissatisfied, "What's wrong? God, you haven't fixed everything yet?"

  Although everyone was given two days, it was clear that Paulson wanted them to reach an agreement immediately.

"It's Barclays' problem!" Jamie Dimon decisively turned the flames of war on Michael Klein, "We want to use this money to buy the commercial real estate and private equity assets of Raymond Brothers, but Barclays Laybank disagreed."

   "Is that so?" Paulson was already very unhappy, squinting his eyes, and looked at Michael Klein with an unfriendly expression, "Do you know the consequences of doing this?"

   "No!" Michael Klein shook his head like a rattle. "Mr. Minister, I just learned about this proposal. I need to ask my boss, Bob Dimon, for instructions. Please give me five minutes."

After finishing speaking, without waiting for Paulson's consent, he hurriedly took out the phone from his pocket, dialed Bob Dimon, and did not forget to turn on the speakerphone, "Hey, Bob, where are you? I'm having a little trouble here."

"What's the trouble?" Bob Dimon's voice was very excited, and he didn't notice the abnormality in Klein's voice at all. "I just finished talking with Dick Foud. After we fully acquire, this guy will still stay on the board of directors. Li. This guy is almost the spiritual pillar of the Raymond Brothers."

"Bob, Bob, I'm in the conference room right now, and the CEOs, including Treasury Secretary Paulson, are listening to our conversation!" Klein hurriedly stopped Bob Dimon from speaking, "Jamie Dimon Proposal to pay for commercial assets divested by Lehman Brothers, plus private equity assets. Now everyone is waiting for our answer, yes, everyone.”

   "Our answer is yes!"

  Bob Damon only hesitated for a moment, then said decisively. He naturally knew that the "everyone" whom Klein reminded also included US Treasury Secretary Paulson.

   At this time, no one dared to violate Paulson's will, and Bob Dimon was no exception.

   Thanks to book friends 130529205827136 and tsnkscrj for voting monthly! The situation of this book has not been very good this month, I hope to get more support from book friends later this month, thank you~!

  (end of this chapter)