Chapter 854 New Real Estate Assets

"What a nice building...I can't help it."

In Fannie Mae's VIP room, Fabien Benavides, surrounded by a swarm of bankers, treasurers, auditors and property managers, took a pen and signed documents on the table.

In the end, he chose to sell real estate to save his factory.

Because he knows very well that even if real estate will pick up, it will be in the future. He can't wait. He needs a lot of cash on hand to try to keep the basics of his business.

Of course, even if a decision is made on a psychological level, when it is actually implemented, gasping for signing is a kind of torture for him.

No one wants to see their wealth drain away...

Fabien is courageous, at least no matter what, he still maintains a decent, no gaffe.

When he saw the buyer—he knew the situation, and Lehman, Joseph and others walked in, he also took the initiative to say: "To be honest, I myself have seen the movie you made, but on this occasion. Meeting you is something I never thought about, Director Rust."

"Forehead......"

Lyman was in trouble, and he really didn't know how to comfort him. You lost a property but got cash?

"No one has ever thought of such a disaster, has it? God just loves to tease people, and there is that great commander who only knows how to fart. If I can meet him, I must scold him face to face. What is he doing?"

Fabien said with a hint of anger.

In fact, the social elites next to him also wanted to feel Fabien's mood.

Recently, Wall Street has directly demanded immediate action from the federal government. Then, Congress passed the Troubled Asset Relief Program (TARP), which was designed to inject $700 billion from taxpayers into U.S. banks and financial institutions.

In other words, the U.S. government has agreed that the free market has failed.

Among them, the inexplicable leader who was preparing to retire during his term of office also appeared in a New York square to explain why he, as a Republican president, wrote TARP into the law.

It was a sunny day, and Bush said with a stern face: "I am a man who insists on market dominance, but not when I am facing the global financial crisis."

But after he said that and took action, things didn't get better...

You know, at this time, the five major investment banks on Wall Street have become two: Morgan Stanley and Goldman Sachs.

Morgan Stanley was originally No. 2, but when I look back, I suddenly feel dizzy - I have become the bottom one. Goldman Sachs isn't going anywhere either, he's now the second-to-last. And Citibank, the largest bank in the United States, is on the verge of bankruptcy.

In terms of data, those giants at the end of 2007, such as Lehman, Merrill Lynch, Wachovia, Citibank and other 13 giants covering finance, insurance, and real estate, have a total of 10.4 trillion US dollars in assets, but in the Under the crisis, 4 banks went bankrupt, 2 banks were entrusted by the government, 4 banks were acquired, assets were restructured to save themselves, 2 banks were nationalized (Goldman Sachs, Morgan Stanley), and 1 bank disappeared (Lehman), even if With the government backing down, the losses are as high as more than 7 trillion yuan.

Some little guys who are not so big are even caught in a batch death mode.

Only in late September,

In the United States, 25 commercial banks have collapsed. At the same time, the financial crisis has swept the world. The specific manifestations are as follows:

First, global stock markets have tumbled.

The Dow Jones index fell 54 percent from its peak of 14,198.10 in October 2007 to 6,570.11 in October 2008;

Germany's DAX fell 56 percent over the same period; France's CAC 40 fell 60 percent and Japan's Nikkei 225 fell 61.8 percent;

Russia, Mexico and some emerging market economies in Asia all halted trading for a while after the stock market fell too far.

Second, the global economy has fallen into recession. Among them, the three major economies of the euro zone, Germany, France and Italy, all experienced negative growth month-on-month, directly laying the root of the future European debt crisis...

Of course, bad luck.

People in the VIP room still had eyes lit up when they saw Lehmann, like a gold mine, especially the president of the Los Angeles region of Bank of America, who is in charge of Mann Media's savings business.

Under such a situation, the film and television industry is like a chicken that can lay golden eggs. It is rare to dig out money from the pockets of the public, and it is voluntary. This is the charm of entertainment.

In addition, the monetization ability of Marvel IP can’t hide these elites. Everyone knows that many brands are actively contacting Marvel and starting cooperation.

It's just that they were interested in Layman, but Layman didn't have much demand for them. After being polite for a while, he quickly walked to another office with Joseph.

"When did they move out?"

"Soon, no more than 2 weeks. Someone to keep an eye on us."

"Okay. Let's talk about clothing. I talked to David again yesterday. We can choose the foundry in the mainland."

Later, Marvel has more than a dozen foundries in the mainland to help produce clothing with related elements, but now their demand is not so large. The initial plan is to find one or two capable foundries to maintain long-term cooperative relations. , I definitely need a reliable person to go there for on-the-spot investigation and communication. If the candidate is to be selected, Lehman wants Joseph to find a few in the past.

In terms of company employees, he is far more familiar than Lehmann.

After Joseph responded, the results over there came out.

If this real estate with an area of ​​14,700 square meters was in the real estate boom, he would need to spend 700 million, but now, he can win it with only 340 million. Another place is cheaper, as long as 90 million.

To be honest, Fabien’s bottom line at the beginning was $400 million, but because it was hard to find a buyer and he wanted to get rid of it as soon as possible, it was pushed down by the audit and negotiation team hired by Lehman.

In such a good location, there will definitely be room for appreciation in the future. Although the new line of studios purchased at the beginning were more spacious and did not cost so much, they are all outside the central circle, and the land prices are not of the same level.

Everything was taken care of, and Fabien left with a little melancholy and hope for tomorrow.

Is it a deal? There is no one who suffers a loss. It is also a good time to buy the bottom when the real estate is in a downturn. There is not much to talk about.

After the procedures were completed, Fannie Mae's account manager also breathed a sigh of relief. In this world, you can earn as much as you can.

Fannie Mae held so many real estates in their hands that they were about to die, and they wished that all transactions would be facilitated.

night.

Lehmann went to the charity dinner sponsored by the directors' union, and by the way donated some money to help the unemployed.

This is mainly about communication within the circle, money is not the most important thing, reputation is.

To be honest, this is more like a political bargaining chip. To be a rich man in the United States, the only way to not donate is to set up a charitable fund by yourself, so that you can pay less taxes, but this is also a knowledge, and Lehman might as well be called. , just donate with the crowd...

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