The Pioneer of the Rebirth Era

Vol 2 Chapter 1660: No play

   In the living room of the manor, Yang Dongxu holds the report of all the assets of Lehman Brothers, and his brows become deeper and deeper.

  Although he has already estimated the situation of Lehman Brothers, after all, he is also one of the driving forces behind the scenes.

   What he can't think of is that after changing his identity from a promoter to protecting Lehman Brothers, things are much trickier than he thought.

   First of all, if the avalanche starts, the debt ratio of Lehman Brothers will reach about 500 billion US dollars. This is still a conservative estimate.

   If the situation becomes extremely bad and the market continues to deteriorate, and the assets held by Lehman Brothers further depreciate, then his copy rate is likely to reach a terrifying figure of more than 600 billion US dollars.

   Such a huge debt, even if Yang Dongxu throws all his worth in, it is not enough to fill the hole. Such a bottomless pit can only be used by economic powers like the United States, China, Europe and other countries to use the National Bank to rescue Lehman Brothers.

   At the same time, the situation in Lehman Brothers is far more complicated than imagined. As the fourth largest investment bank in the United States, Lehman Brothers was known as the world's best investment bank from 2000 to 2002.

   Whether it is the funds operated by the investment bank, or the complexity of various forces, it is far beyond Yang Dongxu's imagination.

  For example, the financial business involves the Bank of England, the US International Group, Goldman Sachs, Morgan Stanley and other financial groups.

   It is clear that these are the world's leading financial organizations, not individual investors, and Lehman has a deep relationship with each of them.

   Plus those small and medium-sized banks and investments, as well as individual investors and so on. The entire Lehman Brothers is now a hornet's nest, to stab the kind of absolute world chaos.

   Except for the entangled collaborators who are like a mess from the outside world, and various interests tied up.

   Lehman Brothers is also not at peace, as a 157-year old consortium. Lehman Brothers can be said to have a long history.

   and other consortia with the same long history in the United States, it can be said that it is not much in history.

   However, it has an orderly inheritance with other consortiums, and even if it encounters twists and turns, it still controls the power of the consortium differently from its own family.

   For example, even if the Little Jack California Consortium is half dead now, the power still does not fall into the hands of others.

   But Lehman Brothers' internal situation was complicated, before 1973. This consortium is still a family consortium, that is, the entire consortium belongs to the Lehman family.

   However, when Robert, the head of the Lehman family died in 1969, it left a leadership vacuum for the entire consortium. Coupled with the economic downturn at the time, the Lehman consortium almost fell into a slump.

   1973 Pete Pison, chairman and CEO of Bell Howell, was hired to save Lehman Group.

   That is, after this year, although the operating conditions of the consortium have been getting better year after year, the control of the Lehman family over the consortium has become weaker year after year.

   In the end, the entire Lehman Choi was stationed at the top by various forces like a joint conference. There is no one who has a clear final word. Many things have to be discussed in meetings, and everyone can express their opinions and finally vote before they can decide.

   In other words, if Yang Dongxu wants to cooperate with the Lehman Consortium, it is not necessary to find the current Patriarch of the Lehman family and have an in-depth discussion to determine the general cooperation framework.

   This requires going to the board of directors of the Lehman Consortium. It is still unknown whether a group of Wuyang Wuyang old men and women can come up with a decision after various quarrels.

   This is also the reason why many American consortia look down on the Lehman consortium. After all, the entire family is about to be forced out of the core of the consortium, and there is no reputation for the Lehman consortium.

   If Pitt was hired into the Lehman Group in 1973 as the end of the family control period in the Lehman Consortium.

   The management is like a consortium with all forces, and it is only 34 years old. In the eyes of many traditional and powerful consortia, this is a kid.

   A little kid has a huge amount of wealth. It doesn't work if you don't want to be greedy. Joining hands to carve him up is already an ironclad thing.

   And in another time and space, if you look closely at the Lehman consortium filed for bankruptcy from its peak to its complete decline, you will find that almost the entire United States, and even the entire European and American powers, are playing him.

   For example, when the subprime mortgage crisis broke out, Fannie Mae, Freddie Mac, Bear Stearns and other companies were also in the whirlpool.

  U.S. officials declared that these institutions are too large to allow them to close down, otherwise it will affect social stability, so they have spent billions of dollars to rescue these companies.

   When the Lehman Brothers thundered, they refused to help. The reason was that Lehman was too indebted and the government was unable to do anything.

   And this is Lehman Brothers' self-confidence. The government will not pay for this behavior. Instead, it will use the Lehman Consortium as a negative teaching material to alert others.

   We must know that Lehman’s application is flawed. Directly 20,000 employees lost their jobs. The direct and indirect turbulent influence on society is greater than the combined effect of the bankruptcy of all companies such as Fannie Mae.

   As a result, the reasons that the US government said when it rescued Fannie Mae and other companies that the bankruptcy had too much impact on society cannot be used for Lehman Brothers.

   The collapse of Lehman Brothers, the financial crisis has spread to the world, is this impact not big enough?

   Another example is when Merrill Lynch, the third largest investment banking company in the United States, when the U.S. government said that it could not help Lehman Brothers.

   announced that it would spend nearly $50 billion to acquire Merrill Lynch, who was also in the whirlpool. Let this third-largest investment bank land successfully.

   After the acquisition of Merrill Lynch, Merrill Lynch’s stock price plummeted 21%. As soon as it was bought, it lost one-fifth of the money and nearly 10 billion U.S. dollars, but the US government didn’t care.

   Another example is the three giants Goldman Sachs, Morgan Stanley, and the American International Group, which were most affected by the bankruptcy of Lehman Brothers.

   At first, it seemed that they were all affected by Lehman Brothers, and it seemed that the Lehman consortium had to follow in the footsteps of the Lehman Consortium and declare bankruptcy.

   After the bankruptcy of Lehman Brothers, the U.S. government and the Federal Reserve made another move. They first invested nearly 200 billion U.S. dollars back and forth to protect the U.S. International Group, the largest insurance company in Europe and the United States.

   At the same time, Goldman Sachs and Morgan Stanley in the crisis put forward a request for bank holdings to the Federal Reserve Committee. Lehman Brothers also mentioned this request.

   But the US government helped Merrill Lynch, Fannie Mae, Freddie Mac, Goldman Sachs, Morgan Stanley, but rejected Lehman Brothers.

   The money to help these people is randomly allocated to Lehman Brothers to help him through the difficulties. You must know that Lehman Brothers still had a lot of high-quality assets before filing for bankruptcy. After all, this is a consortium, the world's best investment bank in 2002.

   More dramatic scenes were before Lehman Brothers went bankrupt.

   Paulson, Minister of Finance of the U.S., and Cox, Chairman of the Securities and Exchange Commission. And high-level executives from Citigroup, ****, Morgan Stanley, Goldman Sachs, Merrill Lynch and other companies gathered at the Federal Reserve Bank of New York headquarters in Manhattan for three consecutive days.

   said that it is studying how to rescue Lehman Brothers, which is facing bankruptcy, in order to prevent the further deterioration of the credit crisis.

Is it funny that Goldman Sachs, Morgan Stanley, and Merrill Lynch, who are still in the whirlpool, are still in the whirlpool of the subprime mortgage crisis. They look like they are going bankrupt. The rescuer said to save Lehman Brothers.

   And the result of the research is that Treasury Secretary Paulson opposed the use of government funds to rescue Lehman Brothers from the financial crisis.

  Before they studied, Barclays Bank, the third largest bank in the UK, was prepared to assist Lehman Brothers, because he had a lot of Lehman Brothers bonds in his hands, and his losses were not small when Lehman Brothers went bankrupt.

   At the same time, Lehman Brothers is definitely worth saving. After all, this is a complete consortium. After the rescue, Barclays Bank’s control of this consortium is simply a profit.

   As a result, both sides had entered into negotiations, and the U.S. Finance Minister announced that he refused to save Lehman Brothers. Then Barclays Bank withdrew to assist Lehman Brothers. This caused the market value of Lehman Brothers' stock to drop by 94%.

   At the same time, I am also interested in Lehman Brothers in this negotiation, and I am ready to join the Bank of America to rescue Lehman Brothers.

  After Barclays Bank announced its withdrawal from assisting Lehman Brothers. Bank of America did not hesitate to withdraw, and then three hours later, it bought Merrill Lynch backhand and pulled the little brother directly ashore from the whirlpool.

   Then Lehman Brothers sued Morgan Stanley, accusing the other party of illegally squeezing Lehman Brothers billions of dollars in assets on the eve of his bankruptcy filing.

   During the collaboration between Lehman Brothers and Goldman Sachs and Morgan Stanley at the same time. These two companies seem to be losing money, but in fact they are both profitable.

   As a result, all debts are now carried by Lehman Brothers, while Goldman Sachs and Morgan Stanley, which seemed to be implicated and nearly bankrupt, are making a lot of secret profits.

   However, the accusation did not come to an end. After all, Lehman Brothers after the bankruptcy did not have the capital to clamor with the two.

   In the end, Lehman Brothers completely went bankrupt and became a partition feast. Nomura Holdings, Japan's largest securities company, acquired Lehman Brothers' business in Asia Pacific (except for South Korea) and Europe and the Middle East, and finally bought its business in India.

   EDF, a subsidiary of the French power giant EDF, acquired L.P, a subsidiary of Lehman Brothers. U U Reading www.uukanshu.com

   Then private operating capital BCL and H-F invested US$2.15 billion in cabbage prices, which almost packaged away all the investment management businesses of Lehman Brothers.

   From then on, a prominent American consortium was torn apart.

   The entire subprime mortgage crisis that affected the world resulted in Lehman Brothers taking everything, and at the same time, the major consortiums also hit a mob to clean up Bear Stearns as a dessert.

   So to sum up the whole story of another time-space Lehman Brothers bankruptcy, Yang Dongxu wants to stand on the side of Lehman Brothers. It is not just a few established consortiums in the United States who are fighting against.

   but almost the entire Europe and America, plus Japan and other consortiums are hostile.

   It is enough for him to deal with a US consortium. He has no chance of winning with a few joint ventures. In addition, other consortia in Europe and America, Japanese consortium...

   Yang Dongxu suddenly had a sense of seeing himself as the ultimate boss of the game when he just came out of Novice Village with a small wooden sword in his hand while still wearing a new suit.

   And they are not facing an ultimate BOSS, but a group of consortia standing at the top of the pyramid in this world.

   "This is a fart!"

   Yang Dongxu squeezed his eyebrows, and threw the information in his hand on the table in front of him.

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