Chapter 1867 Almost Paralyzed by Fright

This is not the most powerful.

The most newsworthy thing is the following joint report letter.

What has attracted the most attention in the United States in the past two years?

Isn't it the mortgage crisis, the so-called subprime mortgage crisis?

Under the loose policy of the bank, people who are not eligible to buy a house have bought a house. It is okay on weekdays, but when the value of the house is suddenly lower than when they bought it, who is willing to continue to fill in this hole?

Coupled with the economic downturn and the rising unemployment rate, many people can't even afford enough living expenses. Who will pay off the mortgage?

Tens of thousands of houses have been abandoned, and the banks are holding these houses, but they want to cry, because not only can they not get back the money they loaned out, but these houses are still depreciating rapidly, and they lose more than the people Be big -- wait a few months, that's how Fannie and Freddie collapsed.

Now someone has revealed that, knowing that the rise in housing prices is abnormal and there are great risks, but the Black Rock Group still encourages people to buy houses for their own handling and service fees. This kind of behavior is simply despicable! !

Americans are very impulsive. When they saw newspapers saying that the Black Rock Group was harassing the working people, their anger could not be expressed in words. They rushed to the headquarters of the Black Rock Group and smashed the windows and doors on the first and second floors. Everything was smashed to pieces, and then thousands of people sat at the door to protest, demanding that the court shut down the Black Rock Group and sentence these "evil capitalists" to prison! !

With these two blockbusters, at least more than 300 reporters used various methods to surround the senior management of the Black Rock Group and interview their employees.

Coupled with the accusations and scolding from the previous investors, the whole combination of punches made the Black Rock Group panic. It kind of smells like a storm.

To be honest, the Black Rock Group has indeed done all these things that were exposed, but the problem is that not only their family has done it on Wall Street, but also many companies have done it, including Merrill Lynch.

So they were very unconvinced.

thus. It's not that the Black Rock Group has never thought of fighting back. In fact, on the same day, that is, on the afternoon of the 29th, the Black Rock Group organized some black scenes of Merrill Lynch. It was even more explosive than what they had done before the Black Rock Group, and they planned to use it in newspapers and magazines and news disclosure.

But before they made a move, the information had leaked out, and then they received many calls.

Not one person received many calls, but the management of the board of directors of the Black Rock Group. Without exception, I received many calls from many people.

The people who called were not only well-known figures on Wall Street, but also the presidents of several major stock markets in the United States, the Ministry of Finance, the Federal Reserve, and other high-level officials.

They have only one purpose for calling, don't move around, if you dare to do something regrettable, then the Black Rock Group will be suppressed immediately until it goes bankrupt, and the top executives of the Black Rock Group will also go to jail live the rest of my life.

What is it called?

It is equivalent to the whole Wall Street putting pressure on them. It is equivalent to them fighting against the entire Wall Street alone!

Now they were terrified, how could they dare to move?

So they just let the protesters protest. Investors complained, and they huddled themselves and tried their best to refute the rumors, but they never dared to involve Merrill Lynch in the slightest.

Because they have also figured it out, Merrill Lynch can no longer withstand a little movement, and it will go bankrupt immediately if it is not suitable.

Once Merrill Lynch went bankrupt. Can Lehman Brothers run away?

They collapsed together, what else can Wall Street use to bargain with the US government? Doesn't this disrupt the entire deployment of Wall Street?

The 700 billion US dollars in bailout funds flew away in this way, and they couldn't afford to sell the Black Rock Group!

Not only the Black Rock Group was seriously warned, but even the Black Rock Group behind them was also concerned by giants such as Goldman Sachs, and they called for a long time. There is a sense of warning in the words, telling them not to make trouble during this period.

So what if Peterson had served as secretary of the US Department of Commerce?

So what if Blackstone and Blackrock together manage more than $1 trillion in assets?

With the huge power of Wall Street gathered, Peterson could only choose to give in temporarily. After discussing with Schwarzman, he finally changed his previous strategy.

A sage once said that the end of political games is nothing more than compromise.

In fact, it is often the same in business.

As soon as Schwarzman came out of Peterson's house, he immediately dialed Xiao Qi's private mobile phone and formally proposed to visit Xiao Qi's house.

Looking at the changes of the day, Xiao Qi was lamenting that the shopping mall was extremely thrilling, received a call from Schwartzman, and readily agreed to his request to come and visit.

Swartzman knew that Xiao Qi had come to New York before, but he had never contacted Xiao Qi. Now that he took the initiative to come to the door, he was naturally looking for a compromise.

Sitting in the teahouse of the manor, although it was already night, you could still see the gardeners and bodyguards outside, busy fertilizing the soil.

"Sometimes I feel that being a farmer, working at sunrise and resting at sunset, eating with his wife and children and watching TV at night, without thinking too much or worrying too much, is definitely much better than the current life Already!" Schwarzman said with emotion.

"I'm used to the prosperity of the city, I'm used to standing on top of the crowd and giving orders, I'm used to controlling the fate of others, will you be willing? Will you be willing to be lonely?" Xiao Qi said with a dumbfounded smile: "Shall we make a bet that you can persist? In three months, I lost a Ferrari to you, and you lost one to me in turn."

Swartzman laughed and shook his head, "Qi Shao, you don't even have a chance to imagine with emotion!"

"Some things not only need to be thought about, but also have to be done." Xiao Qi smiled, "I think Stephen, you came here today, didn't you come to express your life?"

"Of course!" Schwartzman quickly adjusted his mood, "Qi Shao, I want to ask, do you really have such a need for the Black Rock Group?"

"I think it should be." Xiao Qi said harmoniously: "Black Rock Group manages so many high-quality funds and has an extremely strong manager team. If I can buy it, it will bring me great benefits in the future. income."

"With 12 billion US dollars taken out to acquire its shares, can the annual profit catch up with the profit generated by your investment in Fairy Company?" Swarzman said, "As far as I know, whether it is dream pad2 or dream stars, there is insufficient production capacity. question. If you can invest more money in production, wouldn’t it be more cost-effective based on the profit margin of more than 50% for two super popular products?”

"It's very dangerous to put all your eggs in one basket." Xiao Qi smiled, "Aren't you also advocating the diversification of asset allocation? I think this is very good, and I happen to have this amount of cash now , can make this investment. And Merrill Lynch just needs this cash, so it makes sense that they want to sell it to me.”

Schwartzman was at a loss for words.

Just like Bloomberg's helplessness with Bloomberg's shares before, the biggest shortcoming of Blackstone Group and Blackrock Group is the lack of cash.

Don't look at their asset management of hundreds of billions of dollars at every turn, but it is almost impossible to come up with 12 billion dollars in cash.

If it is on weekdays, you can find a few more banks to lend money to, but now the banks themselves are hard to protect themselves, and they are about to grab money. Where can they have money to lend to them?

Therefore, during this period of time, Xiao Qi directly used his abundant capital to suppress people, it was simply crushing directly, it was impossible to have an opponent at all!

This is exactly the essence of cash is king!

"Can you tell me how to give up the acquisition of the Black Rock Group?" After considering the situation, Schwarzman simply decided not to go around in circles with Xiao Qi.

"If you introduce me to a few more businesses that can make money, and they are businesses that can appreciate a lot, I'm willing to stop." Xiao Qi also became serious, "But don't fool me with ordinary ones, you can only take A better project than the Black Rock Group came out!"

Swartzman was speechless, "We have better projects, why don't we do it ourselves, and eagerly buy the next-level ones?"

Xiao Qi spread his hands: "Need me to explain the significance of the Black Rock Group to you?"

Seeing Xiao Qi's obvious grasp of the weakness of the Blackstone Group's decision to acquire the Blackrock Group, Schwarzman wished he could lift a stool and throw it at Xiao Qi.

But after all, he is not good at force, not to mention there are a lot of bodyguards outside, if there is a conflict, he is not sure whether he can go back intact.

Seeing him so embarrassed, Xiao Qi smiled, "How about I offer 12 billion US dollars, and you sell Freescale to me?"

"Dream!"

Schwarzman subconsciously denied it.

What are you kidding?

We only spent 17.6 billion US dollars to buy it the year before last, and you want us to sell it to you at a loss of 5.6 billion in just two years?

Even if it is affected by the storm, shouldn't it be so discounted?

While Swarzman was muttering in his heart, he only thought that Xiao Qi was just opening his mouth casually to cover up his purpose, but he never thought that Xiao Qi was already a temptation.

"Then why don't you sell me the shares of irl!" Xiao Qi said seemingly casually, "3.6 billion US dollars, I'll give the money right away."

"irl?"

Listening to this, Schwarzman's heart moved.

He didn't guess that Xiao Qi went to compete with them for shares in the Black Rock Group for the sake of irl, but he wondered if this could really be used as a condition to have a good talk with Xiao Qi.

After all, Xiao Qi's woman, Miss Tang Mingxiang, is well known for her repurchase ambitions for irl! (To be continued..)

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