Chapter 2556 Chapter 398 Seeing Through

Lauder is really unhappy these days. He is full of hope and has spent more than 2 billion US dollars in cash to acquire the loans. At present, it seems that not only can they not bring any profits, not only can they not let him face the Feng Yi usually takes the initiative, but instead becomes a liability.

He had heard that John, in the process of talking with Xiao Mo and in the process of talking with Lehman, had said more than once that Hilton was not the only one for them. If they did not accept their conditions, then they would actually It doesn't matter, you keep the loan to Blackstone, they only need to get the return on the credit default swap agreement they signed.

Originally, he thought that those words were just a means of negotiation, but now he understood very well that those words that John said at the beginning were probably mainly for himself.

In particular, their words are very likely not a threat, not just words. They should be really prepared to give up the acquisition of Hilton if it doesn't work.

Because both the loans they have received from Jamie Dimon and the loans they are about to receive from Lehman Brothers are all at such low prices.

In fact, it is no different from buying a bond at a low price. If you hold it in your hands for a few years, when Hilton's operating conditions improve, the value will definitely appreciate a lot.

And Laald also knew very well that the main reason why Feng Yiping agreed to his proposal so readily was probably because he knew that this would prevent their investment banks from directly paying out large amounts of cash returns.

In other words, it can ensure that the investment of their fund will not go to waste.

The acquisition of Hilton can be said to be incidental. If it can be acquired, it is good. If it cannot be acquired, then it actually doesn't matter.

The key to the problem is that Feng Yiping has sufficient funds, so he can hold on to those loans for several years.

But how do they currently have such conditions?

As Deutsche Bank said, one of their most important tasks at present is to realize all the assets that can be liquidated, that is, to ensure their own liquidity - liquidity in a narrow sense refers to the cash on hand. , as well as unencumbered assets that can be quickly converted into cash.

This will ensure that we will not follow in the footsteps of Bear Stearns in the future.

In the current situation, no financial institution would think that it has too much money.

Therefore, at such a time, spending more than 2 billion US dollars to buy back the loans with a face value of more than 5 billion is an extremely stupid act.

Because Blackstone will not repay those loans in the short term. Not only will it not be repaid, it will also want to take the opportunity to waive part of it, and no one except Feng Yiping will be interested...

In other words, they spent more than 2 billion US dollars in cash to buy back a lot of assets that could not be converted into cash and were likely to depreciate.

Even if the board of directors will not hold him accountable for such behavior now, it will definitely not let him go in the future.

At a time like this, how can you let Laald, who has always tried his best to take advantage and not suffer any losses, accept such a thing like "losing both people and money"?

Feng Yiping watched the beer bottle in Laald's hand pass over the side of the boat and fall into the turbid river water. He sat up and his eyes became sharper. "Hey, you are planning on me behind your back. Are you still angry?"

Lauder stood up and looked at Feng Yiping with his hands on his hips, "Yes, we are just competing with you to acquire those loans, so what?"

"We just want to take this opportunity to earn some meager handling fees. Is this wrong?"

"What we do is actually equivalent to helping you do some things in advance, or advancing the funds ourselves to do these things for you, right? It saves you a lot of time and energy, and we charge a little fee for this. Fei, is this all wrong?”

As Laald spoke, he seemed to believe his own words, and his face was actually a little angry, "If it weren't for you, if it weren't for me seeing you as a friend and partner, would I take the initiative to do this? "

"Bah, bang, bang," there was applause.

Feng Yiping stood up while applauding, looked at Lauder with a smile, shook his head and said, "Wonderful, really wonderful!"

"I almost believed it,"

"In other words, I still have to thank you for your plotting against me?"

"I was helping you," Louder said loudly.

Feng Yiping pointed at him and said loudly, "Oscar, Golden Globe, Golden Lion, Golden Bear, Golden Rooster and Hundred Flowers Awards... all owe you a trophy,"

Golden Rooster and Hundred Flowers, is that a magic horse award? Lauder was confused in his heart. The furious look he had just now was naturally gone, but his brows were still furrowed tightly. "Of course, I know that we didn't discuss it with you in advance and did this without telling you." There is something wrong, but Feng, do you know the pressure we are facing now?"

"Bear Stearns has a history of 85 years and has been profitable for 83 years. How many companies in the world can you find with such profitability?"

From the perspective he said, Bear Stearns is indeed rare.

"At one time, the market value was as high as 20 billion U.S. dollars, but such an excellent and powerful company collapsed at the drop of a hat. In less than half a month, it was sold at such a shameful price. You know, I Every time I think about this..."

Feng Yiping interrupted him, "Speaking of which, your brother is also largely responsible for Bear Stearns' situation taking a turn for the worse," he gave a thumbs up.

"It was just one email. One email that was leaked 'accidentally' completely ruined Bear Stearns' chance to turn around."

If Goldman Sachs had not leaked an email "just in time", Bear Stearns' situation would not have deteriorated so rapidly that it was hopeless.

"That is really an oversight that should not be forgiven," Lauder said with a heavy expression. "We have dealt with the parties involved ruthlessly. Not only that, under the current circumstances where funds are so tight, we have also specially allocated a special fund. To strengthen our information security construction,"

Feng Yiping smiled coldly, as if please continue your performance.

Facing the disbelieving Feng Yiping, Lauder smiled calmly, shrugged and sat down, "Fortunately, the ending is not bad now, isn't it?"

"You also successfully obtained the US$4 billion loan from Bear Stearns." He picked up another bottle of beer. "You don't need to thank me."

Feng Yiping laughed, "Lalder, I admire you for this, I admire you for being like this, only seeing benefits in your eyes,"

"Although I can't do it no matter what,"

Lauder also shook his head, "How can I hope so? But what can I do?"

He looked helpless, "Unlike you, I can make at least billions of dollars by taking advantage of the opportunity while my company has not been greatly affected."

"Companies like Bear Stearns are collapsing at the drop of a hat. How can we not be worried? How can we not desperately try to raise more funds,"

"This is what I wanted to say before. Why did I do this behind the scenes? I was completely forced to do so, Feng."

"So, you must understand!" He looked at Feng Yiping.

Feng Yiping did not answer his question and talked about another matter, "Paulson and the others hope to take some strong measures regarding the current situation."

"This, you know,"

Lauder originally wanted to distance themselves from Paulson again, but looking into Feng Yiping's eyes, he said, "We can guess it."

“With that kind of rescue plan, as I said before, Goldman Sachs doesn’t have to worry about the next life-or-death crisis,” Feng Yiping said.

"No, Feng..."

Feng Yiping raised his hand and waved, "Okay, even if Paulson is selfless and even deliberately treats Goldman Sachs harshly in the subsequent rescue, then Goldman Sachs will have problems?"

"It's not that there will be problems, there will be big problems," Lauder said, "That's why I..."

Feng Yiping said before he finished his performance, "You know our fund will get several times the income by purchasing CDS..."

Lauder rushed to say, "That's why I envy you,"

"Are you just envious?" Feng Yiping laughed, "You haven't taken any action? For example, are you rushing to buy a $4 billion CDS?"

At this time, Lauder's face really showed some surprise.

For a man like him, he had become a genius. Soon after he learned that Feng Yiping and his fund had purchased a total of US$4 billion in CDS and were firmly bearish on the mortgage market, he asked Goldman Sachs to also buy US$4 billion in CDS. CDS.

So, will something happen to him at Goldman Sachs?

"So, Lord, the benefits we brought to you are not enough?"

"Or are you really planning to continue pretending to be poor in front of me?"

ps: Where do you relax? You're not stuck on the road! But to be honest, I quite envy those who are stuck in the road, because if you are stuck in the road, it is at least a vacation. Since I can't take a vacation, I urgently need the comfort of monthly tickets and recommendation tickets.