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Chapter 633: A Crying Child Has Milk

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    "Hi Paulson, great to hear your voice, you're still so vibrant."

    "Boss King, to tell you the truth, I only slept four hours a day for a week, and I might fall asleep when I called you. If you have anything to do, tell me quickly. I have to go to the White House soon.  Attending an emergency meeting convened by the chief of security staff to discuss the serious problems facing the financial markets in the United States, I really don't have time to chat with you."

    "Uhmy friend, you know that we acquired Merrill Lynch, and we found that it has more problems than exposed, and there are still 670 billion US dollars of subprime leveraged financial derivatives, which is now a hot mine  It's really hard for me to hold it in my hands."

    "Watt, boss king, are you kidding me?"

    "not real."

    There was silence on the other end of the phone for two or three minutes. It seemed that Paulson was covering the microphone to let someone else speak, and the specific content was unknown.

    "I'm back, friend, you must be calling and needing helpI'm listening."

    "A decision made on the spur of the moment, to be honest, I regret it very much. I can't doubt that John Thain and Kenneth Lewis of Bank of America sang a double reed, but I really regret that I caught this thunder in my hand. I think I  I really regret it."

    "Boss King, don't make any irrational decisions. This is related to the future of Merrill Lynch's 27,400 employees. I hope that the current financial situation will not continue to deteriorate. This is related to the fundamental interests of the federal government."

    Paulson on the other end of the phone is obviously in a hurry. If the wealthy and powerful Wang consortium gives up the pick and give up the Merrill Lynch Securities that they have already acquired, then the Wall Street financial circle will burst into a second big thunder, and the consequences will be extremely serious.  of.

    If you think about it with your toes, you will know that there are financial derivatives worth up to 670 billion US dollars, and hundreds of financial institutions that have gambled with Merrill Lynch are all counting on using this income to make up for other shortfalls.

    The chain reaction will be huge, and the confidence in the market will also be severely damaged again. The financial situation that is gradually stabilizing will deteriorate again. Now Wall Street can no longer withstand any storms.

    The 700 billion US dollar rescue plan launched by the federal government has aroused unprecedented fierce opposition in the society, which has formed a huge restrictive force on the George government.

    There are also many voices of opposition within the White House. They are considering the ongoing presidential election. This is simply a fatal moment.

    damn it!

    This year is the long-awaited presidential election year. At the same time, there will be large-scale general elections in the Senate and the House of Representatives. This is of unparalleled significance to the party.

    It is now October 6th, and the election for the leadership of the donkey and elephant parties will officially start on November 8th. This time point is too terrible.

    If Merrill Lynch, the largest in the United States, goes bankrupt, thatmeans a financial earthquake on the level of Lehman Brothers, which will cause more serious damage to the world's finances that are riddled with holes.

    Of course Wang Yaocheng knew this, if he didn't take advantage of these people's weaknesses, they would not care about the plight of the Wang consortium at all, at most they would send condolences that seemed innocuous on the surface, so what's the use?

    What he wants is real financial assistance, even if it is a low-interest loan, anyway, don't want it for nothing.

    ? Looking back at the process of acquiring Merrill Lynch, it was full of haste and uncertainty. It was indeed a bit reckless to decide on an acquisition worth as much as 44 billion U.S. dollars in just a few days.

    Due to concerns that Merrill Lynch would become the second Bear Stearns or Lehman Brothers, under the pressure of the Federal Reserve, Merrill Lynch was forced to sell.

    Morgan Stanley has had contact with it before, but out of concerns about preventing financial risks, Morgan Stanley said;

    Before confirming the acquisition, a detailed evaluation must be carried out to avoid unexpected losses.

    Based on the consideration of reaching a faster acquisition agreement, Merrill Lynch Securities gave up the negotiation with Morgan Stanley and chose to contact Bank of America and Royal Family Fund to seek acquisitions from the other party.

    Compared with the two, Royal Family Fund is willing to take out cash for mergers and acquisitions, while Bank of America can only adopt stock swap transactions. The advantages and disadvantages of both parties are clear at a glance.

    What is Merrill Lynch missing now?

    It is cash flow, a huge amount of cash flow to make up for the shortfall, and continue to play this game of drumming and passing flowers.

    The 44 billion US dollars spent by the Royal Family Fund is only equivalent to 13% of the normal market value of Merrill Lynch. If the company can be revived, the benefits will be amazing.

    ActuallyPrior to this, before Bank of America decided to acquire Merrill Lynch, it announced that it would give up the acquisition of Lehman Brothers, which led to the direct bankruptcy and liquidation of the latter, which severely damaged its Wall Street peers.

    Paulson was quite dissatisfied with it. He once accused Bank of America Chairman Kenneth Lewis of being "a villain with two heads and two heads. Just because he was credulous, tens of thousands of Lehman employees lost their jobs and lost their jobs."  my own life".

    Kenneth Lewis defended himself and said: "The reason why the acquisition of Lehman Brothers was abandoned was because the federal government and Wall Street counterparts refused to lend a helping hand, closed their pockets, and refused to provide Lehman Brothers with real estate loans.  guarantee."

    ? What you said is so ridiculous that the owners of the junk bonds of Lehman Brothers are afraid to avoid them, and they guarantee them. Is it because they think they are not dying fast enough?

    ? On the other end of the phone, when Wang Yaocheng expressed the idea of ??giving up, Paulson immediately became anxious. He covered the phone and shouted loudly. He could vaguely hear that it was Alan Greenspan, the current chairman of the Federal Reserve.

    After about five or six minutes, Paulson's phone was reconnected; "Hey, Boss King, you really brought me a big surprise, and I already regret going fishing with you at Bill Gates' manor.  There is a way to drag us into the water."

    "But we brought up the big fish, didn't we?"

    "Okay! Let's get straight to the point. If you withdraw your reckless decision, what kind of help do you need from the federal government? Let me state in advance that our rescue amount is very tight, and it is possible to reduce the pressure for you in other ways."

    "I need a low-interest loan of no less than 50 billion U.S. dollars, or the federal government can take a share or take over. The consortium really can't hold this bleeding wound. We need the best medicine, Paulson, so I will  Thinking of you."

    "Then I really thank you!"

    There was a wry smile from Paulson in the microphone, and it is estimated that he wanted to die at this moment; "Listen, buddy, it is impossible for the federal government to take a share or take over these plans, and you don't have to worry about it.  Little hope.

    We don't have 50 billion US dollars to give you, at most only 12 billion US dollars in low-interest government loans, which is already our greatest ability.

    Really dude, we have to make sure the Wall Street dominoes don't fall. There are so many financial institutions that need to be bailed out. The two houses spent nearly half of the $700 billion, and the rest is as thick as the Encyclopedia Britannica.  There's nothing I can do about the rescue list.  "

    "Paulson, you have let me down so much, $12 billion in low-interest government loans, do you think I need to ask you?"

    "Uh Let's do it! I just discussed with the senior officials in finance and taxation. We can make appropriate reductions and exemptions for enterprises within the scope of the royal family fund, mergers and acquisitions, and taxes payable. The amount is about 8 billion U.S. dollars. The relevant formal decision will be made later.  Make it, please stop embarrassing me! I can only do this."

    "Hi, my friend, thank you so much!"

    "I understand this as an agreement. Is this understanding correct, Boss King?"

    "Okay, it's a deal."

    Putting down the phone, Wang Yaocheng stretched himself refreshedly. He really didn't care about the 12 billion US dollars of low-interest government loans, but the 8 billion US dollars of government tax cuts actually saved him 8 billion US dollars.

    No matter how you look at it, this phone is a good deal, it's really cool!

    Married woman cloud;

    Crying children have milk to eat, and I am not deceived.  (Remember the site URL: www.hlnovel.com
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