Chapter 2748 I'm Here to Help

As soon as Feng Yiping heard Lauder's tone, he knew that his matter was safe!

"Oh, why not?" he asked in a relaxed tone.

Lauder also realized his gaffe at this time, "Sorry, I didn't mean that,"

That's what I meant!

Do you know why the Korean banking consortium led by Korea Development Bank was ultimately unable to purchase Lehman shares?

That's because we do the work behind the scenes.

Kookmin Bank, a member of the banking group, has an old friendship with us. We have been its major shareholder since the Asian financial crisis.

The Kookmin Bank of Korea is the only professional foreign exchange bank in South Korea and the major shareholder of the Exchange Bank. This means that we indirectly control the Exchange Bank.

And the Foreign Exchange Bank is the largest creditor of Samsung Group... We are also a shareholder of LG and a guest of SK Group...

Based on this, Fuld wants the Korean banking group to help him get out of trouble. How is that possible?

Do you know why Sumitomo Mitsui Banking Corporation, which Fuld turned to for help, is not interested in them?

That's what we are doing behind the scenes.

In the 1980s, Sumitomo Bank invested in Goldman Sachs. In 2002, it merged with Sakura Bank and changed its name to Sumitomo Mitsui Banking Corporation. Soon after a large amount of bad debts broke out, they had to sell our shares to cash in to save themselves.

We soon took the opportunity to invest US$1.25 billion in them and in turn became their shareholders.

So, how could Sumitomo Mitsui agree to invest in Lehman?

Do you know why Lehman’s stock price has been falling recently? That's also us working behind the scenes...

We spent so much effort to finally push Lehman to the last breath, and then it collapsed after signing the bankruptcy declaration. You suddenly jumped out to acquire it at this time?

So haven’t we wasted all our efforts?

"Feng, you may not know the situation of Lehman. Their toxic assets that were audited amounted to more than 70 billion U.S. dollars," he lowered his voice. "So, when you acquire Lehman, aren't you taking on a big burden?" Lao said. Act like I have your best interest at heart.

"I know it's more than 70 billion," Feng Yiping said.

When Lauder heard this, he immediately wanted to scold his mother again. This bullshit meeting was said to be kept secret. Why was it kept secret? Isn't it just like a sieve?

"I also know that you and your colleagues on Wall Street have expressed their commitment to fund the acquisition of these assets," Feng Yiping continued.

You actually know this? At this time, Lauder didn't even bother to complain about the confidentiality measures of the meeting.

"And don't tell me, I'm really interested in some commercial real estate owned by Lehman,"

The reason why he was interested in Lehman was because of the commercial real estate they held. If he could get it at a low price at this time, then after the crisis, it would naturally be a good business with stable returns.

This is really well prepared. Lauder thought for a while, "I completely understand your thinking, but Feng, you think it will take a few years before the transaction prices of these properties will be the same as last year or the beginning of this year." ?”

"I believe that from your perspective, there are definitely other projects that are more worthy of investment,"

"Also, I have to tell you, how can the investment banking industry compare with companies in Silicon Valley? Not only are profits low, but the risks are also high. Otherwise, look at our current situation,"

Feng Yiping laughed again, "I know, I know, it's just because I think it's too hard for you people who work just to make money, so I want to share the burden with you."

At this time, Lauder didn't care about Feng Yiping's mood when he said such sarcastic words. Feng Yiping didn't sound like he was joking at all.

But he couldn't accept Feng Yiping's acquisition of Lehman.

Lehman, with Fuld at the helm, was considered a rival, but if Feng Yiping was at the helm, he knew that Lehman would definitely be their biggest enemy.

Think about Feng Yiping’s vision.

He didn't have to take specific responsibilities, he only needed to point out the direction for the people below. So, at that time, Lehman might not be sharing one or two responsibilities for everyone. At least five or six.

That is the real way of driving away wolves through the front door and entering tigers through the back door, which is completely outweighing the gains and losses.

He sat down and stood up again, "Feng..." He wanted to ask in vain again, are you kidding, right?

Feng Yiping seemed to know what he was going to say, "We are ready,"

"But Feng, you know the relevant regulations. Although Lehman is an investment bank, but..."

Feng Yiping said nothing.

Lauder immediately realized that he had asked a stupid question again, "Oh, United Fund,"

"Yes, I was just about to say that the United Fund is ready to contact Lehman and the officials at the Four Seasons Hotel,"

The U.S. has very loose regulations on investment banks, which is why so many foreign funds can invest in Wall Street investment banks.

What's more, Feng Yiping has United Fund in his hands.

Dare you say that the United Fund is not American? Release Brin first, then Page, and finally use the killer Jobs... Just ask, who can stop it?

As for why the leaders of two companies, Apple and Google, would intervene on Wall Street at this time? That reason is not only sufficient, but also very majestic and upright.

When the worms on Wall Street screwed up the financial sector, we came to the rescue.

We hope that through our efforts, the subprime crisis will pass as soon as possible and will not cause more harm to everyone.

Speaking of which, Silicon Valley has been involved in so many industries over the years. In the financial field, we are not without action, such as the now popular PayPal.

We also hope that Wall Street, with our participation, can support more startups and make the IPO road of high-tech companies smoother...

Similar excuses, ah, reasons, Feng Yiping can easily find dozens of them.

A man walked in and was about to speak, but Lourdes waved his hand to signal him to shut up, walked to the window, and opened the curtains with a "swish", and his horizons suddenly opened.

Looking at this familiar city, he finally calmed down.

Picking up the cold coffee on the table and taking a sip, he sat down with a smile, "Feng, tell me your conditions,"

Now he finally understood that Feng Yiping naturally had other plans, otherwise, why didn't he call Fuld or Paulson, but called himself?

To be honest, it was also his fault that he was a little impatient, otherwise, he should have seen his intentions long ago.

This can only be said that Feng Yiping's luck is really good.

Not only did Lourdes want to kill Lehman, so he did not accept Lehman's survival, but more importantly, he was worried that he could not get the more than 60 billion US dollars from AIG, so he was not as smart as usual, which made him follow Feng Yiping's rhythm for a while.

"What conditions do I have?" Feng Yiping also sat down on the balcony. In the house behind him, more than a dozen people who were summoned were nervously watching his movements.

"So, let's look forward to the market trend after Lehman's bankruptcy, okay?"

"You say," Lourdes, who has completely calmed down, is very calm at this time.

"I think that after hearing the news of Lehman's bankruptcy tomorrow, there will be people cheering," Feng Yiping said.

Lourdes can think of this.

At this time, as long as they can see that they, the people on Wall Street, are unlucky, they will be happy.

"But the market performance will definitely not be so good. The Dow will at least fall by a few hundred points,"

Lourdes nodded. This prospect can also be expected.

"But what's more terrifying is that the already extremely fragile market confidence will collapse rapidly under the impact of Lehman's bankruptcy, and then investors will withdraw their investments in various ways from the stock market, bond market, bill market, repurchase market, money market fund... and all other non-treasury bond financing markets,"

"What will happen when the panic spreads further?"

Feng Yiping still spoke with ease, but Lourdes wanted to stand up again.

He knew the result too well, because that would be the most feared nightmare of bankers throughout the ages: a bank run!

Feng Yiping also said it, "A bank run, an all-round bank run on the entire financial system!"

"I estimate that it will take at most a week to evolve to that point,"

I'm afraid it won't take that long, Lourdes thought.

"So Lourdes, do you think that after a week, are you sure that your Goldman Sachs can cope with such a challenge?"

Which bank can cope with such a challenge?

"Okay, Feng, just say what you want to say,"

"Do you remember that I told you at the beginning that I would support you financially when you need it?" Feng Yiping said.

Of course, Lloyd remembered it, but he never thought that there would be such a day.

"What are your conditions?"

"Hey, you are talking about conditions again. We are friends, and I am here to help," Feng Yiping said, "I just want to subscribe to Goldman Sachs' shares and lend you a helping hand."