Chapter 1220 Get the most benefit with the least amount of money
As the Fed unexpectedly decided to keep interest rates unchanged, Wall Street stocks rose and oil prices fell, and the dollar rose against most major currencies in the New York foreign exchange market the next day.
At around 10:30 a.m., Andy led a dozen members of the think tank led by Alvetlei who came here early this morning through the rotunda of the Capitol. The texture was thick and there were three bronze "Columbus doors" carved on it. He walked out of the magnificent cylindrical porch and was immediately surrounded by reporters squatting in the Capitol.
Andy's reason for leaving New York is not that he whispered nonsense, but that he did receive an invitation from O'Hainiu. However, he could have refused, after all, he didn't want to slap McCain in the face in the face. Of course, now that he appears in the Capitol, the reason used is that Gaia Company provides consulting services to the Treasury Department.
“To a certain extent, we are still entering the storm, not getting out of the storm…
Although the government will face "moral risks" in rescuing the market, you will eventually have to do everything to save the financial system...
Lehman...Haha, some British people will regret their ridiculous little thoughts. The financial market volatility is far from over. Britain may become the "most injured" economy in recent times except the United States.
The financial industry is an important part of the UK economy and will also make it particularly vulnerable in this financial crisis. The impact of the UK in this financial crisis is far more severe than that of most other countries…”
Faced with major media from all over the world, Andy changed his past ignorance and answered some questions selectively. After all, now is an excellent time to start the best time to browse the presence and influence. How could he miss this opportunity?
This is much more effective than calling him thousands of times on the Internet. Social status and influence require the management of the situation. No one can respond to it from the beginning. This is also laying the foundation for him to buy at the bottom and get the hero value.
You must be low-key when making money, but you must be high-key when spending money to do big things. This is what a nie guy should implement!
Andy, who was sitting in the car, leaned forward, tidied up her suit and leaned lazily on the seat. She looked at the reporters who kept shouting outside the car window with a faint smile, then turned to Al beside her and smiled: "What is the attitude of the people in Barclays Bank?"
"It's urgent. In the afternoon, Barclays President Robert Diamond will fly to Washington, hoping to meet with the boss in person to discuss the details of the transaction..."
"Hmm?" Andy couldn't help but frown slightly, and then he guessed unhappily: "They won't have money, are they?"
"The boss is right. They are indeed a little tight at the moment, but they are expected to raise funds by selling stocks to support the deal." Al replied.
"Ha~ I kill two birds with one stone. These British guys are really good at calculating and have reason to evade the questioning and condemnation of selling stocks. Maybe these guys will also hope to use their stocks to exchange for the investment banks and related businesses we want to sell. Haha, I don't want anything except cash. However, at that time, I can buy Barclays' stocks and make a profit. In this way, let our people prepare in advance in the UK."
"Understand that this deal is definitely a once-in-a-lifetime opportunity for Barclays. They have always hoped to expand the banking business to the United States and create a world-wide bank that can directly compete with American financial giants Citibank, MG Chase and Bank of America. However, even if we acquire this part of our assets, Barclays will not be able to become a world-class bank overnight. Even though Lehman Brothers had a reputation in the United States before, they still cannot compare with Merrill Lynch or MG Stanley."
Hearing Al's analysis and commentary, Andy nodded slightly. He didn't want to worry about this part of the investment banking business. He originally wanted to absorb it by his Yingtai Bank. However, although he could make money in this way, the positioning of Yingtai Bank in his mind changed. He knew very well that this financial crisis hit these investment commercial banks. Even MG Stanley honestly returned to the traditional bank and divided the investment business.
Since it is useless to keep it in his own hands, it is better to be a second-hand dealer and make more money by selling it. It is better to have to support thousands of people to eat. He is not that big.
"Citi, how is the situation with Goldman Sachs?" Thinking of the goal that he can continue to short and make money, Andy asked in a happy mood.
"Everything is as usual on Citigroup. They are very afraid of the intervention of the Treasury and the Federal Reserve, so they have been holding on and the stock price has also fallen all the way. As for Goldman Sachs, Goldman Sachs' stock price has also continued to decline, from above $130, above $100, and now below $90.
According to the information we got from the Fed, Goldman Sachs wants to change its legal status from an investment bank to a bank holding company, so that it can transform Goldman Sachs’ regulators from the Securities and Exchange Commission to the Federal Reserve. Goldman Sachs believes that as long as the Fed announces that it will regulate their activities, it can reduce the risk of short-term funds running."
"Hmph! These guys are really versatile. It turns out that there are people in the court who can do things easily. However, I want to see how much he can do for Goldman Sachs without moral immunity!"
Andy snorted coldly, and was very clear about the plans of these guys. If you change the party, you can accept direct blood transfusions from the Treasury and the Federal Reserve without any worries. It's really a good plan for him.
"By the way, let the data group sort out all our transaction data and evidence this time. After the financial crisis, we may not be able to survive. The investigation committee established at that time will definitely question us. After all, we are one of the few forces that have gained benefits."
"You can rest assured that the lawyer team has been participating in this process. In order to deal with the possible difficulties of the British, our lawyer team in the UK has added new international law experts to prepare for the boss's follow-up plan in Europe."
Al said calmly. For these aspects, he, as the chief think tank, naturally, had to think about the front of his boss. If the boss had to explain everything, he could also get out of bed.
In a high-end restaurant, Andy took Al and members of the think tank to taste a delicious lunch, talking and laughing, and the atmosphere was relaxed, without the worries of other financial people.
Outside the floor-to-ceiling window of the restaurant is a bunch of reporters holding cameras recording these pictures, adding some good material to tomorrow's report.
"Sorry, boss, I'll answer the phone first." Al put down the knife and fork in his hand, took out his cell phone from his pocket, looked at it, and said to Andy apologetically. Then, after Andy nodded and signaled, he stood up and walked to the side while continuing the phone.
Three or four minutes later, Al came back with the phone, sat down, leaned forward slightly, and reported to Andy Hui: "The phone was called from GM Stanley. Washington Mutual Bank, the largest savings bank in the United States, is actively looking for buyers to avoid bankruptcy risks. They asked the boss if you are interested?"
"Do we know about Mutual Bank?" Andy asked with a frown and a frown down, took a napkin and wiped his lower lip, then picked up the red wine glass and took a sip.
While Andy looked around the table think tank, a man who was still chewing food raised his hand, watched him quickly pick up a glass of mineral water and took a sip, wiped his mouth with a napkin, and began to say.
"The bank lost $6.3 billion last quarter, and based on limited data analysis, we expect their subprime-related assets to be written down by $4.5 billion this quarter. The bank expects the total subprime-related losses to reach $19 billion by 2011.
Their shares have fallen 94% in the past year. Rating agencies such as Moody's and Standard & Poor's downgraded the bank's debt rating to "junk" this week.
Their asset balance sheet is very opaque and clear, and they have always refused to disclose subprime mortgage-related losses. According to our analysis, their losses may be beyond imagination, so they have been trying to cover up the real data and are included in the genius bankruptcy by us."
After hearing the introduction, Andy gave the other party an admirable look, then shrugged and smiled at Al, "We must insist on using the least amount of money to get the greatest benefit, so wait until it goes bankrupt!"
Chapter completed!