Chapter 1215: 1215
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Faith is more precious than gold.
Most of Wall Street's investment banking business models are built on confidence.
Financial enterprises are not like manufacturing enterprises, even if the market situation is not good, then at least there are physical existence, not collapse. And financial enterprises, as long as there is a large-scale panic in the market, then the business model of overnight lending and financing will collapse.
This also shows the fragility of wall street from one side. Even the finance minister at the top of the chain and the CEO of Wall Street can't escape the panic that the rain is coming.
What's more, the panic has turned into a disaster with the bankruptcy of Lehman. The Dow Jones index fell 504 points, nearly 5%, and standard & Poor's fell more than 10%. Affected by Lehman, the global stock market howled.
In the market economy, the stock market is the barometer of the economy. The stock market values investors' expectations for the company's future. The formation of expectations is based not only on the economic situation and company fundamentals, but also to a large extent on people's confidence.
When the financial crisis comes, no one can resist that kind of panic. People are crazy about clearing stocks, no matter how much they cost, they are just afraid of being the last one they can't escape. So dozens of shares can also fall in an instant and be worthless. At this time, its existence value has nothing to do with its company's operation, only with the confidence of investors, which is the so-called stampede disaster.
Be greedy when others are in panic, be cautious when others are greedy.
In Andy's opinion, this sentence seems to be brilliant, but in fact, it mainly has the effect of dress 13 bullshit.
How many people can do it? Because when banks are constantly applying for bankruptcy protection, they don't know where the bottom is. Even if the long-term trend is judged correctly, it is likely to lose money long before the value returns.
"Moody's and standard & Poor's downgraded AIG. AIG's funding gap jumped from $50 billion two days ago to $85 billion in loan commitments by the end of the day. In this case, it is impossible to solve the problem by the private sector.
According to the news just received, under the arrangement of the Federal Reserve, Goldman Sachs and Momo began to discuss the AIG rescue, but they were not optimistic. Maybe soon, the boss will also receive a call from AIG CEO vinnstein for help
In Gaia's conference room, Andy is relaxing and languid in the boss's chair. He looks like he is in a state of lack of interest. He listens to the reports of his subordinates. Even though the company is so busy that he has no feet on the ground, the team who always pays attention to Wall Street has not been transferred out.
Andy is very clear, which is more important, the acquired assets can be straightened out slowly, don't worry, but the current financial tsunami on Wall Street is a once-in-a-lifetime opportunity, absolutely can't lose one or the other.
"What is AIG's share price now?"
"The Dow fell 504 points, the biggest one-day decline since 9 / 11. AIG's share price fell 65% to $4.76! The $700 billion market value evaporated! "
"How much did we intercept?" Andy's eyes were shining, and he was a little excited.
“。。。 Because of the restrictions of the short selling and price raising rules, all the short parties are stuck at 10%, and now we are short parties, need more principal investment, and leverage is limited. We only make 3 billion dollars from the AIG crash this time. "
"Shetter!" Andy cursing a dirty word with ugly face. NIMA's, most of the money has evaporated. When the duck flies to the mouth, Andy looks a little angry. After all, if there is no short selling ban, at least 10 billion yuan of income is appropriate. Now it's OK. It's only strange to be happy after cutting off so little.
"It's said that Goldman Sachs and Momo have prepared tens of billions to make a profit, Berkshire Hathaway has also prepared 60 billion, and Soros' quantum fund has also prepared more than 40 billion. All of a sudden, it's stuck in the White House's neck..."
Al timely said some information to calm his boss's greed and anger. He wanted to hear someone accompany him. The boss's mood could be better.
make complaints about Andy's anger and disgust. His mouth slightly jerked, and his mouth twitched several times. Then he tucked up his way, "bad ass!"
。。。。。。
All the people in the meeting room bowed their heads, so that the boss could not see them risking the black line forehead and suffocating expression.
"Boss, the chain reaction brought by the collapse of the financial system will destroy all combinations, and no empire will be guaranteed! We can't be alone
Looking at the boss with a dignified face, Al said with some worries that his boss is more and more unscrupulous, reckless and crazy to hit the American capital market.
This time, Andy ignored the advice of his chief think tank directly. His eyes flashed with bright cold light and said: "at the end of this year, I must have more than 50 billion dollars of cash in my hands. My plan can't be missed!"
Al's pupil is also slightly shrunk. Naturally, he knows what big boss's plan is. Even under the financial tsunami, the stock price of Qualcomm, ranked 97th among the world's top 500 enterprises, will plummet and its market value will be between 40-60 billion dollars.If the boss really wants to win, even if there are many banks willing to help the boss, lend money to the boss and help with the acquisition, the available funds in the hands of the boss also need to be close to the market value of the other party, so as to easily face Qualcomm's counter attack to the hostile acquisition.
There are more than 2 billion AMC theater companies, 4-6 billion Starbucks, which are not easy to take down. In addition to AMC theater may negotiate with Heqi, the rest of Starbucks and Qualcomm must have a fierce battle to get the result.
In the face of Qualcomm, we should not only fight in the business field, but also play political games in Washington. After all, as a high-tech company like Qualcomm, it has a leading technological force in the world, and it can not be acquired simply with money. Of course, Al has nothing to worry about at this point, so no one will die in front of him and the Smiths.
At the end of the meeting, Andy just sat down in the office and received a call from Warren Buffett. To say who is the hottest in the United States, Warren Buffett, an old hooligan, is no doubt the first.
Whether it's Lehman, AIG, which has only 48 hours left to raise funds to fill the hole, or United Bank of America, whose first choice is not to seek the help of the Federal Reserve, but to pick up the phone and call Warren Buffett, an old hooligan.
Compared with the hot dollars from the Federal Reserve or the Treasury, they are more inclined to be killed. Warren Buffett's help, because both the Federal Reserve and the Treasury are cannibal. They hold the dollars in one hand and the butcher's knife in the other hand. Their favorite thing is to change the CEO and the executives of all departments first...
Warren, the old hooligan, is full of envy and jealousy. Warren is really jealous of Andy's good deed of annexing the core and best assets of Lehman like a scribe.
Andy is a little proud of the other side after spitting for a while, this just asked: "you are the hottest busy person now, won't specially call to chat with me and waste time?"
"Of course, to be frank, I'm in New York now, going out to play golf together..."
"I'm crazy. On such a hot day, I'll run out and play golf with you! If you have something to talk about, don't waste your time on me if you don't want to change. " Andy also unconsciously looked out of the window at the high sun hanging in the sky, turned his white eyes and refused.
"Cough... You guy, it's good to exercise and sweat. Well, that's right. Just now, AIG CEO willenstadt asked for an investment of about $5 billion. Are you interested? "
"No interest! I know that good things don't come to your mind. Five billion is just a small thing for you. Why don't you vote? What are you going to do with the 60 billion plus in your hand? " Andy asked directly with a sneer.
Although he knew that the U.S. government would save AIG, the situation of AIG was too complicated, and he didn't know about the insurance industry in the United States. Before that, he had been holding a bad heart and wanted to short and hedge other people's stock prices. He was not interested in understanding the real problems within the AIG group.
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Faith is more precious than gold.
Most of Wall Street's investment banking business models are built on confidence.
Financial enterprises are not like manufacturing enterprises, even if the market situation is not good, then at least there are physical existence, not collapse. And financial enterprises, as long as there is a large-scale panic in the market, then the business model of overnight lending and financing will collapse.
This also shows the fragility of wall street from one side. Even the finance minister at the top of the chain and the CEO of Wall Street can't escape the panic that the rain is coming.
What's more, the panic has turned into a disaster with the bankruptcy of Lehman. The Dow Jones index fell 504 points, nearly 5%, and standard & Poor's fell more than 10%. Affected by Lehman, the global stock market howled.
In the market economy, the stock market is the barometer of the economy. The stock market values investors' expectations for the company's future. The formation of expectations is based not only on the economic situation and company fundamentals, but also to a large extent on people's confidence.
When the financial crisis comes, no one can resist that kind of panic. People are crazy about clearing stocks, no matter how much they cost, they are just afraid of being the last one they can't escape. So dozens of shares can also fall in an instant and be worthless. At this time, its existence value has nothing to do with its company's operation, only with the confidence of investors, which is the so-called stampede disaster.
Be greedy when others are in panic, be cautious when others are greedy.
In Andy's opinion, this sentence seems to be brilliant, but in fact, it mainly has the effect of dress 13 bullshit.
How many people can do it? Because when banks are constantly applying for bankruptcy protection, they don't know where the bottom is. Even if the long-term trend is judged correctly, it is likely to lose money long before the value returns.
"Moody's and standard & Poor's downgraded AIG. AIG's funding gap jumped from $50 billion two days ago to $85 billion in loan commitments by the end of the day. In this case, it is impossible to solve the problem by the private sector.
According to the news just received, under the arrangement of the Federal Reserve, Goldman Sachs and Momo began to discuss the AIG rescue, but they were not optimistic. Maybe soon, the boss will also receive a call from AIG CEO vinnstein for help
In Gaia's conference room, Andy is relaxing and languid in the boss's chair. He looks like he is in a state of lack of interest. He listens to the reports of his subordinates. Even though the company is so busy that he has no feet on the ground, the team who always pays attention to Wall Street has not been transferred out.
Andy is very clear, which is more important, the acquired assets can be straightened out slowly, don't worry, but the current financial tsunami on Wall Street is a once-in-a-lifetime opportunity, absolutely can't lose one or the other.
"What is AIG's share price now?"
"The Dow fell 504 points, the biggest one-day decline since 9 / 11. AIG's share price fell 65% to $4.76! The $700 billion market value evaporated! "
"How much did we intercept?" Andy's eyes were shining, and he was a little excited.
“。。。 Because of the restrictions of the short selling and price raising rules, all the short parties are stuck at 10%, and now we are short parties, need more principal investment, and leverage is limited. We only make 3 billion dollars from the AIG crash this time. "
"Shetter!" Andy cursing a dirty word with ugly face. NIMA's, most of the money has evaporated. When the duck flies to the mouth, Andy looks a little angry. After all, if there is no short selling ban, at least 10 billion yuan of income is appropriate. Now it's OK. It's only strange to be happy after cutting off so little.
"It's said that Goldman Sachs and Momo have prepared tens of billions to make a profit, Berkshire Hathaway has also prepared 60 billion, and Soros' quantum fund has also prepared more than 40 billion. All of a sudden, it's stuck in the White House's neck..."
Al timely said some information to calm his boss's greed and anger. He wanted to hear someone accompany him. The boss's mood could be better.
make complaints about Andy's anger and disgust. His mouth slightly jerked, and his mouth twitched several times. Then he tucked up his way, "bad ass!"
。。。。。。
All the people in the meeting room bowed their heads, so that the boss could not see them risking the black line forehead and suffocating expression.
"Boss, the chain reaction brought by the collapse of the financial system will destroy all combinations, and no empire will be guaranteed! We can't be alone
Looking at the boss with a dignified face, Al said with some worries that his boss is more and more unscrupulous, reckless and crazy to hit the American capital market.
This time, Andy ignored the advice of his chief think tank directly. His eyes flashed with bright cold light and said: "at the end of this year, I must have more than 50 billion dollars of cash in my hands. My plan can't be missed!"
Al's pupil is also slightly shrunk. Naturally, he knows what big boss's plan is. Even under the financial tsunami, the stock price of Qualcomm, ranked 97th among the world's top 500 enterprises, will plummet and its market value will be between 40-60 billion dollars.If the boss really wants to win, even if there are many banks willing to help the boss, lend money to the boss and help with the acquisition, the available funds in the hands of the boss also need to be close to the market value of the other party, so as to easily face Qualcomm's counter attack to the hostile acquisition.
There are more than 2 billion AMC theater companies, 4-6 billion Starbucks, which are not easy to take down. In addition to AMC theater may negotiate with Heqi, the rest of Starbucks and Qualcomm must have a fierce battle to get the result.
In the face of Qualcomm, we should not only fight in the business field, but also play political games in Washington. After all, as a high-tech company like Qualcomm, it has a leading technological force in the world, and it can not be acquired simply with money. Of course, Al has nothing to worry about at this point, so no one will die in front of him and the Smiths.
At the end of the meeting, Andy just sat down in the office and received a call from Warren Buffett. To say who is the hottest in the United States, Warren Buffett, an old hooligan, is no doubt the first.
Whether it's Lehman, AIG, which has only 48 hours left to raise funds to fill the hole, or United Bank of America, whose first choice is not to seek the help of the Federal Reserve, but to pick up the phone and call Warren Buffett, an old hooligan.
Compared with the hot dollars from the Federal Reserve or the Treasury, they are more inclined to be killed. Warren Buffett's help, because both the Federal Reserve and the Treasury are cannibal. They hold the dollars in one hand and the butcher's knife in the other hand. Their favorite thing is to change the CEO and the executives of all departments first...
Warren, the old hooligan, is full of envy and jealousy. Warren is really jealous of Andy's good deed of annexing the core and best assets of Lehman like a scribe.
Andy is a little proud of the other side after spitting for a while, this just asked: "you are the hottest busy person now, won't specially call to chat with me and waste time?"
"Of course, to be frank, I'm in New York now, going out to play golf together..."
"I'm crazy. On such a hot day, I'll run out and play golf with you! If you have something to talk about, don't waste your time on me if you don't want to change. " Andy also unconsciously looked out of the window at the high sun hanging in the sky, turned his white eyes and refused.
"Cough... You guy, it's good to exercise and sweat. Well, that's right. Just now, AIG CEO willenstadt asked for an investment of about $5 billion. Are you interested? "
"No interest! I know that good things don't come to your mind. Five billion is just a small thing for you. Why don't you vote? What are you going to do with the 60 billion plus in your hand? " Andy asked directly with a sneer.
Although he knew that the U.S. government would save AIG, the situation of AIG was too complicated, and he didn't know about the insurance industry in the United States. Before that, he had been holding a bad heart and wanted to short and hedge other people's stock prices. He was not interested in understanding the real problems within the AIG group.
Faith is more precious than gold. Most of Wall Street's investment banking business models are built on confidence. Financial enterprises are not like manufacturing enterprises, even if the market situation is not good, then at least there are physical existence, not collapse. And financial enterprises, as long as there is a large-scale panic in the market, then the business model of overnight lending and financing will collapse. This also shows the fragility of wall street from one side. Even the finance minister at the top of the chain and the CEO of Wall Street can't escape the panic that the rain is coming. What's more, the panic has turned into a disaster with the bankruptcy of Lehman. The Dow Jones index fell 504 points, nearly 5%, and standard & Poor's fell more than 10%. Affected by Lehman, the global stock market howled. In the market economy, the stock market is the barometer of the economy. The stock market values investors' expectations for the company's future. The formation of expectations is based not only on the economic situation and company fundamentals, but also to a large extent on people's confidence. When the financial crisis comes, no one can resist that kind of panic. People are crazy about clearing stocks, no matter how much they cost, they are just afraid of being the last one they can't escape. So dozens of shares can also fall in an instant and be worthless. At this time, its existence value has nothing to do with its company's operation, only with the confidence of investors, which is the so-called stampede disaster. Be greedy when others are in panic, be cautious when others are greedy. In Andy's opinion, this sentence seems to be brilliant, but in fact, it mainly has the effect of dress 13 bullshit. How many people can do it? Because when banks are constantly applying for bankruptcy protection, they don't know where the bottom is. Even if the long-term trend is judged correctly, it is likely to lose money long before the value returns. "Moody's and standard & Poor's downgraded AIG. AIG's funding gap jumped from $50 billion two days ago to $85 billion in loan commitments by the end of the day. In this case, it is impossible to solve the problem by the private sector. According to the news just received, under the arrangement of the Federal Reserve, Goldman Sachs and Momo began to discuss the AIG rescue, but they were not optimistic. Maybe soon, the boss will also receive a call from AIG CEO vinnstein for help In Gaia's conference room, Andy is relaxing and languid in the boss's chair. He looks like he is in a state of lack of interest. He listens to the reports of his subordinates. Even though the company is so busy that he has no feet on the ground, the team who always pays attention to Wall Street has not been transferred out. Andy is very clear, which is more important, the acquired assets can be straightened out slowly, don't worry, but the current financial tsunami on Wall Street is a once-in-a-lifetime opportunity, absolutely can't lose one or the other. "What is AIG's share price now?" "The Dow fell 504 points, the biggest one-day decline since 9 / 11. AIG's share price fell 65% to $4.76! The $700 billion market value evaporated! " "How much did we intercept?" Andy's eyes were shining, and he was a little excited. Because of the restrictions of the short selling and price raising rules, all the short parties are stuck at 10%, and now we are short parties, need more principal investment, and leverage is limited. We only make 3 billion dollars from the AIG crash this time. " "Shetter!" Andy cursing a dirty word with ugly face. NIMA's, most of the money has evaporated. When the duck flies to the mouth, Andy looks a little angry. After all, if there is no short selling ban, at least 10 billion yuan of income is appropriate. Now it's OK. It's only strange to be happy after cutting off so little. "It's said that Goldman Sachs and Momo have prepared tens of billions to make a profit, Berkshire Hathaway has also prepared 60 billion, and Soros' quantum fund has also prepared more than 40 billion. All of a sudden, it's stuck in the White House's neck..." Al timely said some information to calm his boss's greed and anger. He wanted to hear someone accompany him. The boss's mood could be better. make complaints about Andy's anger and disgust. His mouth slightly jerked, and his mouth twitched several times. Then he tucked up his way, "bad ass!" All the people in the meeting room bowed their heads, so that the boss could not see them risking the black line forehead and suffocating expression. "Boss, the chain reaction brought by the collapse of the financial system will destroy all combinations, and no empire will be guaranteed! We can't be alone Looking at the boss with a dignified face, Al said with some worries that his boss is more and more unscrupulous, reckless and crazy to hit the American capital market. This time, Andy ignored the advice of his chief think tank directly. His eyes flashed with bright cold light and said: "at the end of this year, I must have more than 50 billion dollars of cash in my hands. My plan can't be missed!" Al's pupil is also slightly shrunk. Naturally, he knows what big boss's plan is. Even under the financial tsunami, the stock price of Qualcomm, ranked 97th among the world's top 500 enterprises, will plummet and its market value will be between 40-60 billion dollars.If the boss really wants to win, even if there are many banks willing to help the boss, lend money to the boss and help with the acquisition, the available funds in the hands of the boss also need to be close to the market value of the other party, so as to easily face Qualcomm's counter attack to the hostile acquisition. There are more than 2 billion AMC theater companies, 4-6 billion Starbucks, which are not easy to take down. In addition to AMC theater may negotiate with Heqi, the rest of Starbucks and Qualcomm must have a fierce battle to get the result. In the face of Qualcomm, we should not only fight in the business field, but also play political games in Washington. After all, as a high-tech company like Qualcomm, it has a leading technological force in the world, and it can not be acquired simply with money. Of course, Al has nothing to worry about at this point, so no one will die in front of him and the Smiths. At the end of the meeting, Andy just sat down in the office and received a call from Warren Buffett. To say who is the hottest in the United States, Warren Buffett, an old hooligan, is no doubt the first. Whether it's Lehman, AIG, which has only 48 hours left to raise funds to fill the hole, or United Bank of America, whose first choice is not to seek the help of the Federal Reserve, but to pick up the phone and call Warren Buffett, an old hooligan. Compared with the hot dollars from the Federal Reserve or the Treasury, they are more inclined to be killed. Warren Buffett's help, because both the Federal Reserve and the Treasury are cannibal. They hold the dollars in one hand and the butcher's knife in the other hand. Their favorite thing is to change the CEO and the executives of all departments first... Warren, the old hooligan, is full of envy and jealousy. Warren is really jealous of Andy's good deed of annexing the core and best assets of Lehman like a scribe. Andy is a little proud of the other side after spitting for a while, this just asked: "you are the hottest busy person now, won't specially call to chat with me and waste time?" "Of course, to be frank, I'm in New York now, going out to play golf together..." "I'm crazy. On such a hot day, I'll run out and play golf with you! If you have something to talk about, don't waste your time on me if you don't want to change. " Andy also unconsciously looked out of the window at the high sun hanging in the sky, turned his white eyes and refused. "Cough... You guy, it's good to exercise and sweat. Well, that's right. Just now, AIG CEO willenstadt asked for an investment of about $5 billion. Are you interested? " "No interest! I know that good things don't come to your mind. Five billion is just a small thing for you. Why don't you vote? What are you going to do with the 60 billion plus in your hand? " Andy asked directly with a sneer. Although he knew that the U.S. government would save AIG, the situation of AIG was too complicated, and he didn't know about the insurance industry in the United States. Before that, he had been holding a bad heart and wanted to short and hedge other people's stock prices. He was not interested in understanding the real problems within the AIG group.
