Chapter 2557: Using Others

Some girls who pretend to be deep and want to make people feel that they have a story will say something like this, "A man's heart is like that onion. You grit your teeth and shed tears, peeling off layer after layer, and finally... Only then will they realize that they have no heart at all."

Feng Yiping felt that it really didn't matter. As for the heart, whether it was there or not, how could it not be wrapped up tighter?

The scary thing is that some people's faces are like onions. After you peel off one layer, they still have another layer.

And one layer is whiter and tenderer than the other.

Just like the bald old man in front of me.

Seeing Feng Yiping reveal all their most secret arrangements, after being slightly surprised, Lauder smiled and picked up the beer and gestured to Feng Yiping, "Feng, you are so awesome, you actually know about our arrangement. "

It seemed that what Feng Yiping said was not their most secret arrangement, and he was not at all embarrassed that he had been in front of Feng Yiping just now, emphasizing how short of money he was and how helpless he was.

He should have felt embarrassed. After all, the US$4 billion of Feng Yiping's fund was invested by four people, while the US$4 billion of Goldman Sachs was invested by his family.

Seeing Lord's appearance, what could Feng Yiping say? "No, Lauder, you are the real one!"

The yacht cut through the river water that had become turbid due to uncontrolled development decades ago, and quickly headed upstream.

In the lush mountains beside the river, President Roosevelt's former residence, West Point Military Academy, and Sing Sing Prison, which is said to be the highest security prison in the United States, as well as the former residences of wealthy people listed as American historical monuments, have been left behind one by one.

Whether it is the buildings themselves or the people living in these buildings in the past and present, they do not seem to have much connection, but together they seem to reveal New York, the largest international city in the United States. some essence.

The old man in front of me, who looks ordinary but is actually very expensive, has very good teeth but not much hair, is a model of successful people in this international metropolis.

They are well-dressed, with friendly smiles and gentle eyes. They are exactly what some people think of gentlemen and new aristocrats, but in fact, in their eyes and in their hearts, they only see interests, interests, and interests.

Feng Yiping, who is well aware of this, will naturally not be led by Lord, "So, I think you should admit that it is precisely because of following our approach that Goldman Sachs can easily collapse when Bear Stearns says it will." to obtain huge gains to offset your losses and increase your cash holdings,"

He also picked up a bottle of beer and said to Lauder, "You don't have to thank me,"

"Feng," Lauder's face filled with a warm smile again, "Well, I really should say thank you to you,"

He sat next to Feng Yiping, held the wine bottle, and touched Feng Yiping's beer. "It's really your investment that gave us confidence,"

"I don't need your thanks either," Feng Yiping said, "Then I think it shouldn't be a problem for you and all the loans you acquired to Blackstone to settle with us at 58% of the original value."

Lauder shook his head, "Feng, you know, one thing is one thing..."

"For me, this is one thing," Feng Yiping said. "I accept that you can use the loan to Blackstone to offset the income of the CDS that can be settled with us now. There is another prerequisite."

"That is, I want you to ensure that you assist us in acquiring Hilton by the third quarter of this year at the latest,"

"Otherwise, Goldman Sachs will keep your own loans to Blackstone, as well as the loans to Blackstone from other banks that you spent more than 2 billion US dollars to acquire. I think they will still be able to do so in at most three to five years." value-added,”

Lauder stopped smiling, frowned, and moved a little farther away from Feng Yiping, "Feng, this means that you have more and more conditions, not only 58% of the time to settle with us,"

"You mean, if we fail to acquire Hilton successfully, we should pay you the proceeds of the CDS, and you will only accept cash?"

Feng Yiping nodded, "That's right!"

"You know, although I have plenty of cash, at this time, there are too many better opportunities for me to choose from. If I can't acquire Hilton in the end, why don't I choose cash, but those things that can't be recovered in the short term and will depreciate in value?" loan?"

"But Feng, you should know that at this time, it is very unrealistic for Lehman Brothers, Merrill Lynch, and Morgan Stanley's Xia Jincheng to come up with huge amounts of cash to settle with you," Lauder said.

At this moment, he really felt that it looked like he had lifted a stone and hit himself in the foot.

"Don't worry about Lehman and Merrill Lynch. We will accept their settlement with us with loans. As for Morgan Stanley, didn't Xia Jincheng also acquire some loans? Then he and Goldman Sachs will be treated the same," Feng Yiping said.

He still had a smile on his face when he said these words.

That really made Lauder very angry. Why should he be treated so differently?

Feng Yiping glanced at him with a smile and took a sip of the beer that was still quite cold at this time. I am just discriminating. I am discriminating against the two of you who are more powerful. What can you do?

You should give it a try and see if you can get rid of the income from our CDS.

"You see, this is not just a condition, right, this is the same as last time. I gave you and Morgan Stanley another opportunity to help us complete an acquisition of at least tens of billions of dollars, thereby earning a lot of money. There is an opportunity for a commission," Feng Yiping said easily.

After these recent events, Feng Yiping has a better understanding of the nature of Goldman Sachs and Morgan Stanley. It will not be easy to snatch a piece of fat from the mouth of Black Stone, who is similar to them.

So, why not let Goldman Sachs and Morgan Stanley grab it for you?

Look at these guys. The last time they joined forces with Black Rock and Fidelity, they wanted to plot against themselves, but they were treated both soft and hard by themselves. They "actively" chose to stand on their side and betrayed Black Rock and Fidelity without hesitation.

But this rush to acquire the loan to Blackstone is, strictly speaking, a kind of betrayal.

If it weren't for various reasons that Feng Yiping is now able to do so with ease, then Goldman Sachs and Morgan Stanley, which hold most of the loans to Blackstone, will definitely seize the opportunity and make a lot of money from him.

What's more, consider that Goldman Sachs was able to stab its peer Bear Stearns at just the right moment...

It can really be said that these two companies have deceived their peers, and it is natural for them to hang their horns.

It would be easier for the two of them to work together to plot Hilton out of Blackstone's hands than to do it themselves.

At least it will save trouble.

And isn’t Feng Yiping’s long-standing pursuit to save trouble?

"Goldman Sachs is happy to accept such a commission, but Feng, I still hope that you can reconsider your conditions,"

"There will be no changes to my conditions. Of course, you always have the right to choose,"

"However, everyone knows that my principle is to win-win with my partners,"

Lauder lowered his head because he didn't want Feng Yiping to see the sarcasm in his eyes.

How come I don’t feel that way about a win-win situation with your partner?

"Why, Lord, do you have a different opinion on this point?"

"No," Lauder waved his hand and pointed, "It was windy just now."

"Really?" Feng Yiping stared at him for a while, and when Lauder looked a little unnatural, he turned away, "So, after fulfilling my request, I can still provide some more to Goldman Sachs and Morgan Stanley. Additional options,"

"I'm all ears," Lauder liked to hear.

"Your own loans to Blackstone, plus those you acquired, are still not enough to offset the income from our CDS," Feng Yiping said.

This is also what Laald is dissatisfied with.

The total CDS contract purchased by Feng Yiping and others at Bear Stearns was only US$530 million.

The one at Lehman is 400 million, and the one at Merrill Lynch should be 600 million.

The remaining nearly 2.5 billion is all on Goldman Sachs and Morgan Stanley.

Among them, Goldman Sachs is particularly favored, with an amount as high as US$1.5 billion!

A conservative estimate is that they have to pay Feng Yiping and others more than 8 billion US dollars!

And Feng Yiping killed 58% of the loan. After this calculation, how could the loans they hold now be used to offset the more than 8 billion US dollars?

In other words, they will inevitably have to pay a large sum of cash.

"We can consider using the bonds or shares of other companies you hold to offset the remaining part. This is once again my consideration for you,"

"This is my condition," he picked up the beer and leaned back easily on the large seat of the yacht.

Accept it or not!

"It should be a pretty good deal," Lauder said.

But his behavior at this time was not like that. He looked very hesitant.

"But why do I feel, Feng, you seem to be interested in one of our investments again, just like the Chinese e-commerce group that you have successfully acquired,"

He was talking about Ali, of course.

At the end of last year, he had a conversation with Paulson. In that conversation, Paulson mentioned that the voluntary transfer of Alibaba's shares to Feng Yiping might be something that would make them very unhappy. Something to regret.

After understanding Ali's current development, Lauder felt that Paulson's judgment should be correct.

Therefore, when Feng Yiping said this, he immediately remembered that incident.

"If I remember correctly, it was Goldman Sachs who took the initiative to call me and asked me if I was willing to acquire the relevant shares, right?"

"I readily agreed because of the cooperative relationship with Goldman Sachs. Why does it sound like I took advantage now?"

Of course he took advantage, he took great advantage.

It was precisely because of the Alibaba shares transferred by Goldman Sachs that he could naturally intervene.

The meaning in Laald's eyes is yes, you just took advantage of it!

"Okay, I take back this condition," Feng Yiping said.

"No, no problem, we agree," Lauder touched Feng Yiping again with his beer.

Any ideas that would keep them out of cash are good ideas now.