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Text Chapter 842 Lehman Crisis

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    In fact, Morgan has been dissatisfied with Lehman for a long time. The main reason is because of the close relationship between some of Lehman's senior leaders and the current Republican senior leaders and the most important presidential candidate McCain.

    As we all know, the relationship between Morgan and the Democratic Party in the United States has always been very close, because in terms of the most fundamental original purpose, the Morgan family is a Jewish family after all, and in the past few hundred years, the life of Jews in Europe has not been easy.  It was only after World War II that things got a little better, so the Morgan family was more appreciative of the Democratic Party that pursued tolerance, equality and charity.

    Although the Democratic Party was actually founded with the support of the Rockefeller family in its earliest days, Morgan was the large financial group closest to the Democratic Party in its later years.

    Of course, they are not just betting on the Democratic side, but they also have a lot of investment in the Republican side. Therefore, in the past 100 years or so, they have been able to survive in the political and economic circles of the United States.  .

    In fact, the main reason for acquiring Lehman this time is related to the ongoing US presidential election this year.

    Since the economic crisis broke out last year, two of Morgan's banks, JPMorgan Chase and Morgan Stanley, have been severely damaged, especially Morgan Stanley, which is mainly engaged in investment.

    In fact, over the years, the biggest initiator of the subprime debt that Wall Street has been playing with is Morgan Stanley. As early as the 1930s, this investment bank has always been a dominant player on Wall Street. Later, in the 1980s, Goldman Sachs relied on  Using official connections, he began to rise rapidly on Wall Street, and in just a few decades, he became Washington's new favorite, which made Morgan Stanley very happy.

    But decades of business are not in vain. Even with fierce competition from Goldman Sachs, Morgan Stanley has always been an evergreen tree on Wall Street.

    Even among the so-called five major investment banks, two, such as Merrill Lynch and Lehman, use Morgan Stanley as their settlement bank. This shows the great influence of the Morgan consortium on Wall Street.

    After the outbreak of this financial crisis.  Morgan Stanley was the first to be severely hit, and its losses were among the largest among many investment banks. However, they have a close relationship with the U.S. government, and they have always been one of the black hands that control the Federal Reserve.  So they quickly received corresponding assistance from the Federal Reserve. After receiving sufficient financial resources, Morgan Stanley gradually recovered its strength.

    But when he looked back around, he found that Wall Street was in a mess. In order to get out of the quagmire as soon as possible and put order in Wall Street, they had to use tough measures.  It devoured Bear Stearns, flirted with the Italians, and planned to sell Merrill Lynch.

    As a result, Lehman Brothers, which has always regarded itself as Morgan's younger brother, could not sit still. Now it seemed that the boss was very unreliable, so Lehman began to use its brains and planned to establish its own business.

    They plan to defect to Republican presidential candidate McCain. Once McCain can take over Bush's position, they will gain great benefits from this political speculation.  The most important thing is to get rid of Morgan's control over them.

    So, shortly after Bear Stearns was swallowed up by Morgan in February this year, they began to frequently wink at Republicans and wink at others.  Whenever McCain makes an important speech, they will always release some data in a timely manner to show support for the candidate's arguments. This makes McCain in the polls for the Democratic candidate Obama.  Was once in a leading position.

    This moment made Morgan very angry. You must know that although Obama was a dark horse nominated by the Democratic Party last year, some of his arguments were very appreciated by the Morgan consortium.

    Especially the elitist line emphasized by Obama. He emphasized that the U.S. economy has not yet recovered from the subprime mortgage crisis, so the government needs to protect those companies, and medical care needs to be reformed.  Improving people's livelihood, withdrawing troops from Iraq, etc. These slogans are very much in line with Morgan's taste.

    Especially since the government has to protect corporate quotations, the government can blatantly use taxpayers' money to subsidize large consortiums like Morgan. This is a good thing!

    Looking back at McCain's argument, that guy has been claiming that the U.S. economy is improving.  The economy is getting out of trouble. Once he is elected, he will significantly reduce government support for major financial companies and enterprises, strictly control funds, and strengthen supervision of financial management. The most important thing is  Not only does this guy not want to withdraw troops from Iraq, he actually wants to recruit troops there.

    Although this guy's argument made the vast majority of ordinary people who are very angry about Wall Street happy, it undoubtedly offended?The big guys on Wall Street, especially the major financial consortiums headed by Morgan.

    What do you mean?  You want to cut off our food and grass, and you also need to strengthen supervision over us. The most ridiculous thing is that you don¡¯t want to withdraw troops from Iraq. Who doesn¡¯t know that you Texans are closely related to the arms consortium? You go and beat the shit out of us in Iraq.  the benefits of?

    So the people in the Morgan group were angry, and some other Wall Street groups were also very angry at the Republican candidate's remarks. What do you mean by this, are you planning to declare war on the entire Wall Street?

    But the key is that Lehman actually jumped out to support McCain's argument at this time. The most disgusting thing is that this is not just once or twice. Whenever that bastard McCain gives a speech in various states, saying that the U.S. economy is improving.  , these bastards like Lehman will release some data that is beneficial to him. For example, today the xxx index has a slight increase, tomorrow the xxx industry is recovering, etc. These arguments make McCain's data in the polls more favorable than Obama's.  Much ahead.

    You must know that Obama is the elite that Wall Street admires. If he continues like this, it will not be good for Wall Street.

    So Morgan had the idea of ????getting rid of Lehman. Unfortunately, it was not particularly easy for Lehman to get rid of him. This matter required a very strong foreign aid to handle it.

    After all, Morgan has swallowed Bear Stearns alive, and Goldman Sachs is now in a state of distress due to the lawsuits from Bear Stearns and Merrill Lynch, so there are not many people who have the ability to take over Lehman.

    For those foreign banks, Morgan thought about it and decided to forget it. After all, the capable European banks are now in dire straits. Among them, Barclays wanted to take over Lehman. However, considering the background of Barclays, Morgan still thought it was okay.  , how can they let people from the Red Shield family extend their hands into the United States again.

    So now they need a partner with a clean net worth and money. In the end, they chose Thunderbird. Not only was this company not damaged by the subprime mortgage crisis, but it was  Make a lot of money, you can hide this kind of performance from others, but how can you hide it from Morgan?

    And the most important thing is that the person in charge of this company seems to be a new member of the Republican Party who supports Obama, so after Morgan contacted Alice several times, he finally decided to meet Jin Xiaoqiang, the man behind Alice.

    Today's Huayang Dynamics is amazing. Taking advantage of the success of the World Games, their reputation in the automobile industry is becoming more and more famous, and they have a close relationship with the Chinese government. Who in this world doesn't know that if you want to make a fortune, you have to go to China.  The truth?

    So the people from Morgan had some contact with Jin Xiaoqiang, and finally everyone agreed that everyone was responsible for cleaning up the Lehman matter this time, and we had a happy cooperation.

    If Thunderbird succeeds in acquiring Lehman, then Morgan will cede Lehman's North American market in the future. On the other hand, the two parties will form a new investment institution to enter China and invest in projects.  .  .  .

    In 1994, Lehman Brothers was officially listed on the New York Stock Exchange through an IPO and became a public company. In 2000, Lehman Brothers were in high spirits. On the 100th anniversary of their company's founding, their stock price exceeded one hundred dollars per share.  Officially became an upstart in the S&P 100 Index. By 2005, their total assets reached US$175 billion. Not only was their credibility adjusted to A+ by S&P, they were also named the best investment of the year by the European Central Bank.  bank.

    However, it was precisely because of their previous arrogance that they lost today. By 2007, due to the large amount of subprime bonds, their assets had expanded to 800 billion at the peak, but only last year did they lose subprime loans.  After the crisis broke out, their assets shrank rapidly. After losing more than 100 billion U.S. dollars, they were left with only 639 billion U.S. dollars. Among them, there was still a large part of toxic assets, that is, some subprime bonds that were about to mature for repayment.

    Last year, they relied on Morgan's relationship to get a US$45 billion aid from the Federal Reserve, and then regained a foothold in the market. But if they have no money to repay the bonds in their hands, then what will be waiting for them then  It will also end in bankruptcy.

    So recently Lehman needed a loan of US$4 billion, but their big brother Morgan didn't respond. They went to the Federal Reserve with an ambiguous attitude. Of course, Lehman Brothers' executives knew what the problem was.

    Obviously some of the dealings between them and Republican candidate McCain have angered the big brothers on Wall Street, but they have already boarded the Republican Party's pirate ship. There is no way to go back. Those cowboys in Texas still have  The rich man is not so easy to offend.

    So during this time, Lehman Brothers are recruiting their major shareholders for financing. The one most recently was Korea Industrial Bank, and they hope to borrow from them.??Where to get a fund for emergencies.  .  .

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