Chapter 2544 Let Me Tell You Slowly
They say that we are unhappy because our expectations are too high, and this is true.
Jamie Dimon, who will definitely leave a wonderful mark in the development history of Xiaomo, is very unhappy at this time.
He even lost his composure, "This is impossible!" He shouted again, "Are you kidding me?"
Yesterday morning, he also hoped to get about US$2 billion in cash from Feng Yiping and others after deducting the less than US$2.75 billion that Bear Stearns should pay them.
But how much is it now? They are only willing to pay US$3.025 billion!
We have loans totaling US$5.5 billion!
Isn't this a joke?
After excluding what should be paid, how much is left?
Less than $280 million!
Yesterday's announcement brought Dimon into an unusually good mood.
At this time when everyone on Wall Street is in danger, and many leaders are worried that their companies will face an existential crisis in the next moment, Dimon can make his company successfully get such a good opportunity and great development opportunity. , the sense of accomplishment will definitely be doubled.
The joy it brings is at least double.
But the huge gap between US$2 billion and less than US$280 million is enough to make this double sense of accomplishment and double joy disappear in an instant.
The huge gap during this period was enough to make Damon's original good impression of John and admiration for Feng Yiping disappear in an instant.
Facing the furious Damon, John still kept smiling, "Damon, we are not in the habit of joking on such serious matters,"
His words made Damon, who was already furious, even more angry.
"Bang!" He threw the document directly on the table and stared at John coldly, "Today is March 17th, not April 1st!"
"Yes," John nodded, "Yesterday was the 16th and tomorrow is the 18th. I know this very well,"
Damon...
He looked at John, looking straight at John for at least more than a minute.
John also looked at him intently, with a smile still in his eyes.
Finally, Damon looked away. "Ha!" he laughed.
It goes without saying that he was laughed out of anger.
Followed by two more "haha" sounds.
Then he lost his sense of rhythm and laughed loudly all the way back to the leather chair behind the executive desk. He picked up the mouse and paused on the table. He stopped laughing and pointed at John with one finger, "John Right, I admire you very much!"
It goes without saying that this is not true admiration.
The secretary gave him John's information. He glanced at it casually and didn't read much.
Because John was not worthy of his attention.
If John is still a number one person on Wall Street and in the American financial circle, then Jamie Dimon doesn't know about him.
But since he didn't know John before, it can be imagined that John is just an ordinary ordinary person.
How could he have so much energy to understand such ordinary people?
who is he?
He is the helmsman of JPMorgan, a century-old enterprise, and an outstanding manager who is about to lead JPMorgan, a well-known bank, on a new journey.
He is a well-known figure in Wall Street and the world's financial circles. He is the Secretary of the Treasury and the Federal Reserve of the United States. At critical times, he will be turned to to solve difficult problems.
So, how could a financial practitioner whose name he had never heard before dare to be so presumptuous to him in his own office?
John naturally knew that Damon was definitely not really admiring him.
"John, right?" He didn't take him to heart at all, and he wasn't even sure of his name. How could he admire him?
Facing Damon like this, John did feel the pressure, but his waist was straighter than before. Facing Damon's cold gaze, John nodded, and then said, "Thank you!"
He actually meant that Damon admired him.
Damon was once again speechless, and once again he almost laughed out of anger.
It is indeed a long time to see you!
He shook his head and looked at the sky, laughing silently. He really had no intention of talking nonsense with John now.
Seeing him like this, John was also nervous.
But when I thought about Feng Yiping's words, "You are Steve Jobs, Page and Brin, and my plenipotentiary representative," I immediately felt relaxed.
You, Jamie Dimon, are indeed great, but in this matter, there is really no comparison with me.
Behind me stood Feng Yiping, Steve Jobs, Page and Brin.
With the four of them supporting me behind my back, let alone you alone, I don't care even if I call all the well-known big guys from Wall Street over.
All on the same trip!
He was too lazy to straighten his waist. He found a comfortable position, leaned lazily on the sofa, and shook his head, "Damon, we thought that at least you could understand our agreement. "
Damon still ignored him and didn't even turn his head.
At least I can understand?
Why don't I feel honored at all?
"Although according to our plan, the final cash payment to you will be approximately US$280 million, but is this amount really small?"
Damon spoke, "Don't you think it's a lot? Stop talking, we won't consider it at all..."
John interrupted him calmly, "But how much did you pay for Bear Stearns? It's equivalent to US$2 per share, and the total price is only US$236 million, isn't it?"
"And when we acquire your US$5.5 billion loan, we only offer US$3.025 billion. Isn't this still a small amount?"
"Uh..." Damon was speechless again.
Because John’s words really hit the point.
But, “These are not two completely comparable things,” he said.
"Everyone knows that Bear Stearns will still incur large losses in the future,"
John shook his head, "No, it's just that there is a possibility of large losses, because we absolutely believe in Xiaomo's ability to deal with related problems,"
How should Damon answer this? It’s obviously not appropriate to say “No, we don’t have anything good to do?”
“We could probably do it, but it would definitely cost us a lot,” he finally said.
"Maybe," John answered casually, "But Hilton will definitely suffer losses next,"
He took out another document, "This is the forecast for Hilton's development this year and next year by the hotel industry experts we hired,"
He put the document on the table, "According to the analysis of these authoritative experts, because next year's tourism and business activities will still be difficult to return to previous levels, so by next autumn, Hilton's equity value will be 7% higher than last year." When it was acquired in March, it shrank by more than 70%,"
"In other words, by July next year, the loans you gave Blackstone will only be worth 30% of the original price,"
"So isn't our 55% algorithm generous enough?"
Will it shrink so much? Damon was a little unable to sit still, but he had put on too much airs just now, and now it was difficult to go back and sit down.
John smiled and put the experts' report on his desk.
"Thank you," Dimon first looked at the names of the document writing team, and then glanced at the conclusion of the document, knowing that John was not just talking nonsense.
The members of the team are all experts in the hotel industry that all laymen know, so they will never make fun of their reputation.
"So, your loan to Blackstone is comparable to Bear Stearns, right," John said.
"No, it's not the same." Dimon immediately caught the loophole in John's words. "Even according to the inferences of these experts, it will not fall to only 30% of the original value until July next year. But now When?"
It's only March now, but there will still be a full year and four months until July next year.
John said calmly, "So, first of all, we don't calculate it at 30%,"
"Secondly, Dimon, do you think anyone besides us would be interested in these loans at this time?"
Naturally, no one else is interested.
"Or do you think that at this time, you can package these loans into securities again and sell them?"
How can it be?
How can anyone buy new Wall Street bonds at this time?
Damon was speechless again.
In other words, if Feng Yiping doesn't want it, then by July next year, they will still have to hold on to these loans, waiting to depreciate to less than one-third of the original price.
Moreover, they must first settle the more than 2.7 billion US dollars owned by Feng Yiping and others.
"Feng told me that this is actually a plan that takes good care of your interests." John looked at Dimon and knew that it was almost done, so he stood up and said, "Dimon, thank you for your time."
Always give others time to consider trade-offs.
Damon stood up, "I'll send you off,"
When he stood at the door with John again, he looked as happy as when he greeted John before...