Chapter 1206: 1206
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Friday, 12 September 2008.
Lehman's share price plummeted again to $4.22! Fuld was also asked to resign from the board of directors of the New York Fed! In this way, the Fed can be cleaner!
At this time, Paulson, Geithner, etc. are still clear that the government will not rescue the market!
After the takeover of Fannie and Freddie, neither Congress nor the White House wants to face moral hazard, that is, let innocent Nashui bear the consequences for greedy human nature and failed business model, and also potentially encourage the creation of derivatives that take huge risks to earn huge profits.
Because if you lose the bet, the government will come out to collect the money. At first, in order to avoid such a situation, the government decided to pour cold water on Wall Street to wake up the big guys and make them realize that the government would choose to let them live and die.
This is a very, very tense weekend!
New York Federal Reserve building, 33 free street in Manhattan's Financial District, a 12 story Italian style building, occupies a whole block east of Wall Street. The underground vault hoards 60 billion dollars of gold!
The fate of Lehman is in this building!
Geithner and Paulson called together the CEOs of all the mainstream banks on Wall Street at 6pm!
The meeting originally scheduled to start at 18:00 was delayed until nearly 19:00. Paulson and several aides arrived at the temporary headquarters of the New York Fed on the 13th floor to set up a camp. The building was full of bankers, lawyers, accountants and analysts.
These bankers include the most famous CEOs of Wall Street, such as Jamie Damon of Mg chase, John Mack of Mg Stanley, Lloyd of Goldman Sachs, Vikram of Citigroup, John Thain of Merrill Lynch, Brady of Credit Suisse, Robert of Bank of New York Mellon, Andy Smith, Warren Buffett, etc.
Of course, this does not include the CEO of Lehman Brothers, Fuld. Paulson believes that he refuses to accept the reality, so he has been isolated and has no right to ask about it.
Bank of America and Barclays are not among the bankers, as they have been selected by the US Treasury Department as two potential buyers for Lehman Brothers.
Sitting in the bright and spacious conference room, Andy watched this group of old guys. His heart was full of sneer at the two absent potential buyers, Bank of America and Barclays, who were chosen by Paulson as potential buyers. Without financial support, the two potential buyers would not buy Lehman Brothers at all.
"Don't expect government funding. You are the main players in solving the problem." Paulson, with a cold face, blocked everyone's luck at the beginning, he told a group of Wall Street bankers.
The audience will be divided into three groups, one is responsible for studying ways to minimize the joint and several impact in the case of Lehman bankruptcy; one is to study how the financial industry should buy the whole Lehman in order to gradually liquidate it in the future; the other is to study how to invest to buy the part of assets that the buyer does not want... "
Wow -
in the conference room, there was an uproar, and the faces of the big guys were a little ugly. Wall Street CEOs were talking and talking, and even there was a scene of quarreling and blaming. Andy's mouth was slightly cocked, and he was leaning on the boss's chair with a lazy look, and his fingers were spinning a signing pen, looking at the farce in front of him.
"BAM bam!"
Paulson slapped the table three times with a livid face, raised his voice and said coldly: "this incident concerns our capital market and the whole country. We will remember those who did not try our best!"
The smile on Andy's face didn't dissipate. Although he sneered repeatedly in his heart, he had to pay attention to the threat of some mad Paulson. After all, if he wants to get a piece of Lehman's feast, he must obey his orders. Otherwise, he will never get any benefits.
Anyway, it's his subordinates, not himself. The only thing he needs to do is to stay here and stay with his subordinates.
Andy and the people he brought were divided into a group headed by Goldman Sachs. After all, he is a greedy little guy who is also very unpopular. You know, he is still frantically shorting Citigroup and Merrill Lynch, and both mg Stanley and Credit Suisse Bank have been killed by him, so the attitude towards him is not so good.
As for the thickness of his face, Andy is no worse than the old people here. His handsome young face shows a sunny and charming smile, and he doesn't care about the embarrassment of being stared at by gloomy eyes.
At the end of the meeting, when he walked to the temporary studio next door, Warren, an old rascal, said: "Andy, people are not very friendly to you..."
Andy smiled at Warren's eyes under his black framed glasses, raised his eyebrows and said, "I'm not aiming at anyone. It's rubbish."
"Cough..." Warren's face was a little red. He pressed down his smile, coughed hurriedly to cover it up. He shook his head helplessly and said, "you little guy, you are a poisonous snake."
Andy sneers and doesn't care about being overheard. He says, "am I wrong? To be honest, I've been throwing up all the money I've made recently, tut..."
A few passers-by heard Andy's sarcastic remarks, not from the corner of his mouth twitched a few times, quickened his pace, but Citibank's Vikram's footsteps of crying and laughing stopped a little, and walked side by side with Andy and Warren."Andy, why don't you spit out a little bit and invest in Citigroup?"
Warren Buffett's eyes flashed and he couldn't help smiling at Andy. Andy looked at Wickham with a smile on his lips and said, "aren't you connected with desert heroes? Tut Tut, those guys are waving money everywhere to buy. "
Vikram shakes his head and laughs: "no one will think of more cash in this period, so, are you interested?"
Andy takes a look at Warren, then looks at Vikram and smiles, "yes! Of course, ha ha, but... Not now, your share price is still too high, wait
Vikram's face was ugly, and his mouth twitched a few times. Seeing Andy's smile and nod, he took a large group of his staff to the studio on one side. He didn't swear in a low voice because Warren was around: "this bastard!"
"Ha ha..." Warren Buffett's Old God chuckled and said, "don't look at me. He's right. It's not the right time."
Vick Rahm's face is blue, his brow is straight and his forehead is looking at Warren's back. He can't help but make complaints about it: "all those vampires to hell!"
In the makeshift studio transformed from a small banquet hall, Andy sits leisurely on the sofa, feet on the coffee table, playing games with his crazy cell phone in his hand, and is not interested in the busy work scene.
"Boss, coffee." A professional ol dress, Xing felt with a strong professional Youhu's little assistant put the steaming strong coffee on the small square table next to Andy, soft voice said.
Andy nodded his head slightly and said, "go get me something to eat. I'm a little hungry."
"Nuts? I've brought you some... "
When the assistant took a bag of nuts out of his handbag, Lloyd of Goldman Sachs came over and sat down on the Du sofa beside Andy with a smile. "Andy, what do you think of the real value accounting of Lehman?"
When the game is suspended, Andy takes his mobile phone, puts his legs down, takes a sip of coffee and looks at each other with a light smile. "Is my opinion useful?" he asks? Or just to be clear, what's the use of figuring out the real value? Will Goldman Sachs eat Lehman? "
Lloyd smiled and shook his head, shrugged.
Andy picked up his eyebrow and said with a smile: "so, just use any blue subtraction accounting table to get a general asset value, you know, it's really interesting to buy Lehman, which will be more careful and careful than we do."
Lloyd nodded seriously and agreed with Andy. This time, the reason why Wall Street obediently followed the call of the Treasury and the Federal Reserve was also because of the situation and political pressure.
No way. Without the support of Washington, Wall Street may collapse in this financial crisis. No one dares to confront Washington at this time. On a large level, economy is a game that everyone plays according to certain rules of the game, while politics is a game that makes rules. When the economic game doesn't work, it must be politics that finally comes out to clean up the situation.
"In order to ease the bleak market atmosphere and pessimism of the financial crisis, the White House is really in a hurry this time."
Andy only smiled when he heard the other side's words, but his heart was a sneer. He would not believe anything from Goldman Sachs. We need to know that although Goldman Sachs is also facing the problem of liquidity, Goldman Sachs is definitely the biggest beneficiary of the financial crisis. This time, there are external factors that are putting pressure on Wall Street. Everyone knows that Xiaofei shoes is the truth The president's younger brother, jeber, is a private equity adviser at Lehman, and his cousin, George Volcker, is a member of the Executive Committee of Lehman!
Please report us if you find any errors so we can fix it asap!
Friday, 12 September 2008.
Lehman's share price plummeted again to $4.22! Fuld was also asked to resign from the board of directors of the New York Fed! In this way, the Fed can be cleaner!
At this time, Paulson, Geithner, etc. are still clear that the government will not rescue the market!
After the takeover of Fannie and Freddie, neither Congress nor the White House wants to face moral hazard, that is, let innocent Nashui bear the consequences for greedy human nature and failed business model, and also potentially encourage the creation of derivatives that take huge risks to earn huge profits.
Because if you lose the bet, the government will come out to collect the money. At first, in order to avoid such a situation, the government decided to pour cold water on Wall Street to wake up the big guys and make them realize that the government would choose to let them live and die.
This is a very, very tense weekend!
New York Federal Reserve building, 33 free street in Manhattan's Financial District, a 12 story Italian style building, occupies a whole block east of Wall Street. The underground vault hoards 60 billion dollars of gold!
The fate of Lehman is in this building!
Geithner and Paulson called together the CEOs of all the mainstream banks on Wall Street at 6pm!
The meeting originally scheduled to start at 18:00 was delayed until nearly 19:00. Paulson and several aides arrived at the temporary headquarters of the New York Fed on the 13th floor to set up a camp. The building was full of bankers, lawyers, accountants and analysts.
These bankers include the most famous CEOs of Wall Street, such as Jamie Damon of Mg chase, John Mack of Mg Stanley, Lloyd of Goldman Sachs, Vikram of Citigroup, John Thain of Merrill Lynch, Brady of Credit Suisse, Robert of Bank of New York Mellon, Andy Smith, Warren Buffett, etc.
Of course, this does not include the CEO of Lehman Brothers, Fuld. Paulson believes that he refuses to accept the reality, so he has been isolated and has no right to ask about it.
Bank of America and Barclays are not among the bankers, as they have been selected by the US Treasury Department as two potential buyers for Lehman Brothers.
Sitting in the bright and spacious conference room, Andy watched this group of old guys. His heart was full of sneer at the two absent potential buyers, Bank of America and Barclays, who were chosen by Paulson as potential buyers. Without financial support, the two potential buyers would not buy Lehman Brothers at all.
"Don't expect government funding. You are the main players in solving the problem." Paulson, with a cold face, blocked everyone's luck at the beginning, he told a group of Wall Street bankers.
The audience will be divided into three groups, one is responsible for studying ways to minimize the joint and several impact in the case of Lehman bankruptcy; one is to study how the financial industry should buy the whole Lehman in order to gradually liquidate it in the future; the other is to study how to invest to buy the part of assets that the buyer does not want... "
Wow -
in the conference room, there was an uproar, and the faces of the big guys were a little ugly. Wall Street CEOs were talking and talking, and even there was a scene of quarreling and blaming. Andy's mouth was slightly cocked, and he was leaning on the boss's chair with a lazy look, and his fingers were spinning a signing pen, looking at the farce in front of him.
"BAM bam!"
Paulson slapped the table three times with a livid face, raised his voice and said coldly: "this incident concerns our capital market and the whole country. We will remember those who did not try our best!"
The smile on Andy's face didn't dissipate. Although he sneered repeatedly in his heart, he had to pay attention to the threat of some mad Paulson. After all, if he wants to get a piece of Lehman's feast, he must obey his orders. Otherwise, he will never get any benefits.
Anyway, it's his subordinates, not himself. The only thing he needs to do is to stay here and stay with his subordinates.
Andy and the people he brought were divided into a group headed by Goldman Sachs. After all, he is a greedy little guy who is also very unpopular. You know, he is still frantically shorting Citigroup and Merrill Lynch, and both mg Stanley and Credit Suisse Bank have been killed by him, so the attitude towards him is not so good.
As for the thickness of his face, Andy is no worse than the old people here. His handsome young face shows a sunny and charming smile, and he doesn't care about the embarrassment of being stared at by gloomy eyes.
At the end of the meeting, when he walked to the temporary studio next door, Warren, an old rascal, said: "Andy, people are not very friendly to you..."
Andy smiled at Warren's eyes under his black framed glasses, raised his eyebrows and said, "I'm not aiming at anyone. It's rubbish."
"Cough..." Warren's face was a little red. He pressed down his smile, coughed hurriedly to cover it up. He shook his head helplessly and said, "you little guy, you are a poisonous snake."
Andy sneers and doesn't care about being overheard. He says, "am I wrong? To be honest, I've been throwing up all the money I've made recently, tut..."
A few passers-by heard Andy's sarcastic remarks, not from the corner of his mouth twitched a few times, quickened his pace, but Citibank's Vikram's footsteps of crying and laughing stopped a little, and walked side by side with Andy and Warren."Andy, why don't you spit out a little bit and invest in Citigroup?"
Warren Buffett's eyes flashed and he couldn't help smiling at Andy. Andy looked at Wickham with a smile on his lips and said, "aren't you connected with desert heroes? Tut Tut, those guys are waving money everywhere to buy. "
Vikram shakes his head and laughs: "no one will think of more cash in this period, so, are you interested?"
Andy takes a look at Warren, then looks at Vikram and smiles, "yes! Of course, ha ha, but... Not now, your share price is still too high, wait
Vikram's face was ugly, and his mouth twitched a few times. Seeing Andy's smile and nod, he took a large group of his staff to the studio on one side. He didn't swear in a low voice because Warren was around: "this bastard!"
"Ha ha..." Warren Buffett's Old God chuckled and said, "don't look at me. He's right. It's not the right time."
Vick Rahm's face is blue, his brow is straight and his forehead is looking at Warren's back. He can't help but make complaints about it: "all those vampires to hell!"
In the makeshift studio transformed from a small banquet hall, Andy sits leisurely on the sofa, feet on the coffee table, playing games with his crazy cell phone in his hand, and is not interested in the busy work scene.
"Boss, coffee." A professional ol dress, Xing felt with a strong professional Youhu's little assistant put the steaming strong coffee on the small square table next to Andy, soft voice said.
Andy nodded his head slightly and said, "go get me something to eat. I'm a little hungry."
"Nuts? I've brought you some... "
When the assistant took a bag of nuts out of his handbag, Lloyd of Goldman Sachs came over and sat down on the Du sofa beside Andy with a smile. "Andy, what do you think of the real value accounting of Lehman?"
When the game is suspended, Andy takes his mobile phone, puts his legs down, takes a sip of coffee and looks at each other with a light smile. "Is my opinion useful?" he asks? Or just to be clear, what's the use of figuring out the real value? Will Goldman Sachs eat Lehman? "
Lloyd smiled and shook his head, shrugged.
Andy picked up his eyebrow and said with a smile: "so, just use any blue subtraction accounting table to get a general asset value, you know, it's really interesting to buy Lehman, which will be more careful and careful than we do."
Lloyd nodded seriously and agreed with Andy. This time, the reason why Wall Street obediently followed the call of the Treasury and the Federal Reserve was also because of the situation and political pressure.
No way. Without the support of Washington, Wall Street may collapse in this financial crisis. No one dares to confront Washington at this time. On a large level, economy is a game that everyone plays according to certain rules of the game, while politics is a game that makes rules. When the economic game doesn't work, it must be politics that finally comes out to clean up the situation.
"In order to ease the bleak market atmosphere and pessimism of the financial crisis, the White House is really in a hurry this time."
Andy only smiled when he heard the other side's words, but his heart was a sneer. He would not believe anything from Goldman Sachs. We need to know that although Goldman Sachs is also facing the problem of liquidity, Goldman Sachs is definitely the biggest beneficiary of the financial crisis. This time, there are external factors that are putting pressure on Wall Street. Everyone knows that Xiaofei shoes is the truth The president's younger brother, jeber, is a private equity adviser at Lehman, and his cousin, George Volcker, is a member of the Executive Committee of Lehman!
Friday, 12 September 2008. Lehman's share price plummeted again to $4.22! Fuld was also asked to resign from the board of directors of the New York Fed! In this way, the Fed can be cleaner! At this time, Paulson, Geithner, etc. are still clear that the government will not rescue the market! After the takeover of Fannie and Freddie, neither Congress nor the White House wants to face moral hazard, that is, let innocent Nashui bear the consequences for greedy human nature and failed business model, and also potentially encourage the creation of derivatives that take huge risks to earn huge profits. Because if you lose the bet, the government will come out to collect the money. At first, in order to avoid such a situation, the government decided to pour cold water on Wall Street to wake up the big guys and make them realize that the government would choose to let them live and die. This is a very, very tense weekend! New York Federal Reserve building, 33 free street in Manhattan's Financial District, a 12 story Italian style building, occupies a whole block east of Wall Street. The underground vault hoards 60 billion dollars of gold! The fate of Lehman is in this building! Geithner and Paulson called together the CEOs of all the mainstream banks on Wall Street at 6pm! The meeting originally scheduled to start at 18:00 was delayed until nearly 19:00. Paulson and several aides arrived at the temporary headquarters of the New York Fed on the 13th floor to set up a camp. The building was full of bankers, lawyers, accountants and analysts. These bankers include the most famous CEOs of Wall Street, such as Jamie Damon of Mg chase, John Mack of Mg Stanley, Lloyd of Goldman Sachs, Vikram of Citigroup, John Thain of Merrill Lynch, Brady of Credit Suisse, Robert of Bank of New York Mellon, Andy Smith, Warren Buffett, etc. Of course, this does not include the CEO of Lehman Brothers, Fuld. Paulson believes that he refuses to accept the reality, so he has been isolated and has no right to ask about it. Bank of America and Barclays are not among the bankers, as they have been selected by the US Treasury Department as two potential buyers for Lehman Brothers. Sitting in the bright and spacious conference room, Andy watched this group of old guys. His heart was full of sneer at the two absent potential buyers, Bank of America and Barclays, who were chosen by Paulson as potential buyers. Without financial support, the two potential buyers would not buy Lehman Brothers at all. "Don't expect government funding. You are the main players in solving the problem." Paulson, with a cold face, blocked everyone's luck at the beginning, he told a group of Wall Street bankers. The audience will be divided into three groups, one is responsible for studying ways to minimize the joint and several impact in the case of Lehman bankruptcy; one is to study how the financial industry should buy the whole Lehman in order to gradually liquidate it in the future; the other is to study how to invest to buy the part of assets that the buyer does not want... " Wow - in the conference room, there was an uproar, and the faces of the big guys were a little ugly. Wall Street CEOs were talking and talking, and even there was a scene of quarreling and blaming. Andy's mouth was slightly cocked, and he was leaning on the boss's chair with a lazy look, and his fingers were spinning a signing pen, looking at the farce in front of him. "BAM bam!" Paulson slapped the table three times with a livid face, raised his voice and said coldly: "this incident concerns our capital market and the whole country. We will remember those who did not try our best!" The smile on Andy's face didn't dissipate. Although he sneered repeatedly in his heart, he had to pay attention to the threat of some mad Paulson. After all, if he wants to get a piece of Lehman's feast, he must obey his orders. Otherwise, he will never get any benefits. Anyway, it's his subordinates, not himself. The only thing he needs to do is to stay here and stay with his subordinates. Andy and the people he brought were divided into a group headed by Goldman Sachs. After all, he is a greedy little guy who is also very unpopular. You know, he is still frantically shorting Citigroup and Merrill Lynch, and both mg Stanley and Credit Suisse Bank have been killed by him, so the attitude towards him is not so good. As for the thickness of his face, Andy is no worse than the old people here. His handsome young face shows a sunny and charming smile, and he doesn't care about the embarrassment of being stared at by gloomy eyes. At the end of the meeting, when he walked to the temporary studio next door, Warren, an old rascal, said: "Andy, people are not very friendly to you..." Andy smiled at Warren's eyes under his black framed glasses, raised his eyebrows and said, "I'm not aiming at anyone. It's rubbish." "Cough..." Warren's face was a little red. He pressed down his smile, coughed hurriedly to cover it up. He shook his head helplessly and said, "you little guy, you are a poisonous snake." Andy sneers and doesn't care about being overheard. He says, "am I wrong? To be honest, I've been throwing up all the money I've made recently, tut..." A few passers-by heard Andy's sarcastic remarks, not from the corner of his mouth twitched a few times, quickened his pace, but Citibank's Vikram's footsteps of crying and laughing stopped a little, and walked side by side with Andy and Warren."Andy, why don't you spit out a little bit and invest in Citigroup?" Warren Buffett's eyes flashed and he couldn't help smiling at Andy. Andy looked at Wickham with a smile on his lips and said, "aren't you connected with desert heroes? Tut Tut, those guys are waving money everywhere to buy. " Vikram shakes his head and laughs: "no one will think of more cash in this period, so, are you interested?" Andy takes a look at Warren, then looks at Vikram and smiles, "yes! Of course, ha ha, but... Not now, your share price is still too high, wait Vikram's face was ugly, and his mouth twitched a few times. Seeing Andy's smile and nod, he took a large group of his staff to the studio on one side. He didn't swear in a low voice because Warren was around: "this bastard!" "Ha ha..." Warren Buffett's Old God chuckled and said, "don't look at me. He's right. It's not the right time." Vick Rahm's face is blue, his brow is straight and his forehead is looking at Warren's back. He can't help but make complaints about it: "all those vampires to hell!" In the makeshift studio transformed from a small banquet hall, Andy sits leisurely on the sofa, feet on the coffee table, playing games with his crazy cell phone in his hand, and is not interested in the busy work scene. "Boss, coffee." A professional ol dress, Xing felt with a strong professional Youhu's little assistant put the steaming strong coffee on the small square table next to Andy, soft voice said. Andy nodded his head slightly and said, "go get me something to eat. I'm a little hungry." "Nuts? I've brought you some... " When the assistant took a bag of nuts out of his handbag, Lloyd of Goldman Sachs came over and sat down on the Du sofa beside Andy with a smile. "Andy, what do you think of the real value accounting of Lehman?" When the game is suspended, Andy takes his mobile phone, puts his legs down, takes a sip of coffee and looks at each other with a light smile. "Is my opinion useful?" he asks? Or just to be clear, what's the use of figuring out the real value? Will Goldman Sachs eat Lehman? " Lloyd smiled and shook his head, shrugged. Andy picked up his eyebrow and said with a smile: "so, just use any blue subtraction accounting table to get a general asset value, you know, it's really interesting to buy Lehman, which will be more careful and careful than we do." Lloyd nodded seriously and agreed with Andy. This time, the reason why Wall Street obediently followed the call of the Treasury and the Federal Reserve was also because of the situation and political pressure. No way. Without the support of Washington, Wall Street may collapse in this financial crisis. No one dares to confront Washington at this time. On a large level, economy is a game that everyone plays according to certain rules of the game, while politics is a game that makes rules. When the economic game doesn't work, it must be politics that finally comes out to clean up the situation. "In order to ease the bleak market atmosphere and pessimism of the financial crisis, the White House is really in a hurry this time." Andy only smiled when he heard the other side's words, but his heart was a sneer. He would not believe anything from Goldman Sachs. We need to know that although Goldman Sachs is also facing the problem of liquidity, Goldman Sachs is definitely the biggest beneficiary of the financial crisis. This time, there are external factors that are putting pressure on Wall Street. Everyone knows that Xiaofei shoes is the truth The president's younger brother, jeber, is a private equity adviser at Lehman, and his cousin, George Volcker, is a member of the Executive Committee of Lehman!
