Chapter 2754 Cooperation

On the morning of September 18, New York's Kennedy Airport was still as busy as usual. At the exit, the crowds were bustling, lively and indifferent.

As a group, it seems difficult to see the projection of the current bad situation from their faces, but there are still changes, and they are obvious.

Even those young people who seem to only pay attention to the entertainment section are now paying attention to the financial news on the front page of the newspaper.

They are also helpless. Ironically, when Wall Street was in its heyday, they were actually very far away from ordinary people. The luxurious life of luxury also naturally separated them from ordinary people.

But when Wall Street was in trouble, suddenly, many ordinary people had to share the same fate with them.

Don't want to share the joys and sorrows with them, but you have to share the hardships with them. It can only be said that the financial industry has a huge innate advantage in terms of functional settings.

After a long-distance transoceanic flight, Feng Yiping looked a little tired.

Mainly because he only slept a few times along the way. On the one hand, it was because of his worries, and on the other hand, it was because there were many people on the plane this time.

Next, there should be a chance to buy a plane.

"Mr. Feng," Li Ruiyuan waved at him from a distance.

Feng Yiping looked at him and nodded, "Mr. Li, you've worked hard!"

Patted his shoulder, "You don't have to come to the airport to pick him up,"

Li Ruiyuan looked even more tired than him, which showed that the workload in the past few days was really not small.

"Mr. Feng, I didn't do it well, and there are still so many contracts on hand..."

Feng Yiping interrupted him, "Everyone has worked very hard,"

His speculation was correct in direction.

Under the current situation, those guys in the regulatory department, in order to combat the greater impact of hedge funds on financial institutions, really simply and crudely announced that short selling of financial stocks would be temporarily banned.

What he didn't guess was that the first to use this trick was not the United States, but the United Kingdom, which had just played a trick on the United States.

Of course, I believe that the United States is very happy that the United Kingdom is in the lead this time.

Because if the rescue of the two housing agencies and AIG is more or less excusable, then the issuance of such a ban, no matter how you look at it, is an administrative order to interfere with the free market.

You know, this is also a practice they have criticized many times in the past, such as during the Asian financial crisis.

To be honest, it is not easy to do this, but it is great that the UK took the lead. The United States quickly followed the UK and announced this order before the market opened in the morning.

It is obvious that the US stock market will rebound after the market opens today.

But it doesn't matter. The contracts they still hold are only a few million US dollars, which is nothing compared to the profits of these days.

"After today, everyone can have a good rest, and you can go home too..." He paused, "Or, take your family and go to a beach to bask in the sun,"

"It's actually not bad in China,"

Li Ruiyuan nodded, "Yes," and then shook his head, "Hong Kong is now..."

Feng Yiping patted him on the shoulder again, "It will pass,"

"I think the Hong Kong government should hold the relevant institutions accountable, and we will also speak out. It would be best if the banks that misled the public should compensate the principal of individual investors,"

"Thank you," Li Ruiyuan did not hide his emotions in front of Feng Yiping, "but it will definitely take a long time,"

It means that some people may not be able to hold on now.

Feng Yiping has no good solution for this.

To be honest, the individual investors who suffered the most and most concentrated losses from the collapse of Lehman Brothers were not in the United States, but in Hong Kong.

In Hong Kong, hundreds of banks and three securities institutions sold more than 14 billion Lehman bonds to tens of thousands of Hong Kong people.

This type of Lehman bond can be said to be a derivative of financial derivatives, and has a unique name in Hong Kong, "mini bonds."

The reason why it is called "mini" is that the sales agency breaks down the original 1 million US dollar bonds into tens of thousands of Hong Kong dollars for the convenience of sales to the public.

This kind of thing should not be used for retail purposes at all, because its collateral is originally a bunch of financial derivatives that even these underwriting agencies cannot figure out. How can the people who buy it know that the bonds they buy are actually very unreliable?

It is said that the contract of this kind of bond is as long as 54 pages!

I believe that few people will read it, and more importantly, few people can understand it.

But the bank sales staff said it very simply when selling, "This is a principal-guaranteed bond," "You will get an annual interest of 6% in the first 6 years, and the principal will be repaid in the 8th year." (It seems that many domestic banks are also on the road of deception and misleading.)

Many people invested their life savings and pensions in Lehman because of its reputation, good returns, and more importantly, safety.

As a result, now that Lehman Brothers collapsed, they found out that the interest would stop being paid next month, and the principal could not be guaranteed... their life savings became worthless.

Not only ordinary people were affected by the collapse of Lehman Brothers, but also many former officials of the Hong Kong government, who put all their annuities into it. Some well-known artists were no exception, including Jacky Cheung, Maggie Cheung, Michelle Reis, Eric Tsang and his daughter, Rene Liu...

The God of Songs, who had a wife and children, announced bitterly that he had lost 40 million, so he had to end his leisurely retirement life and continue to work.

But since Feng Yiping did not retire after working for so many years, he could probably infer that he lost far more than 40 million Hong Kong dollars, and it is estimated that he lost more than 40 million US dollars (those fugitives caught at his concerts would never have thought that the culprit who led to their arrest was Dick Fuld, who brought down Lehman Brothers).

In addition, some Hong Kong people who invested in foreign real estate before are now also insolvent. For a while, Hong Kong was really similar to the Asian financial crisis. On high-rise buildings, people often used themselves as kites to fly... Alas!

Speaking of which, compared with the mainland, as a free port, Hong Kong does have more channels for people to invest, but correspondingly, there are more opportunities to be cheated.

However, due to the sharp drop in the domestic stock market, many mainland investors have not had a good year.

…………

Downstairs of the Goldman Sachs office building, Lauerde was smiling and shaking hands with Feng Yiping. Opposite him was a row of video cameras and cameras.

The flash went off, and the scene of Feng Yiping whispering to Lauerde with a smile was recorded by many reporters.

They would never have guessed what Feng Yiping, who was smiling, said to Lauerde, and Lauerde's face was particularly ruddy, and it was not because he was happy.

It was mainly because Feng Yiping shook hands very hard.

And what he said to Lauerde was, "Do you want to make it so big?"

Lauerde smiled and waved to the reporters, and walked inside with Feng Yiping, "If you lower the conditions and inject $10 billion into us in advance, many links can be saved,"

Feng Yiping glanced at him, do you think I'm a fool? "I don't want you to be accused of having no contractual spirit because of this behavior,"

"Haha, I don't really care at this moment," Lourdes took Feng Yiping into the elevator, "You know, we have calculated that, not counting the $5 billion call option you requested, even if it is the $5 billion preferred stock you purchased, when we buy back in two or three years, your profit will be at least more than $2 billion,"

Feng Yiping acted very relaxed, "You still have the freedom to call a halt now,"

"Didn't you calculate that I don't have the ability to call a halt?" Lourdes couldn't help rolling his eyes - Feng Yiping found that this guy often rolls his eyes when he is interviewed on TV now.

He looked at Feng Yiping seriously, "Are you really Chinese?"

"Why do I feel that you are more authentic Jewish than me?"

"You flatter me, I am just more capable in this area," Feng Yiping glanced at him and said lightly, "I am just a genius,"

"But don't worry, I am definitely not as good as you in terms of profiteering,"

"Haha," Lourdes laughed, "Feng, you are getting more and more interesting,"

He leaned on Feng Yiping's shoulder and walked into his office, "In an hour, we will attend the signing ceremony,"

"Mineral water, thank you," Feng Yiping said to his blond secretary, leaning lazily on the sofa, picking up a newspaper and flipping through it, "John is here, and he will handle all these things,"

He glanced at Lourdes, "Of course, I will attend,"

If you want to make money, you must pay the price.

"Thank you," Lourdes sat down affectionately, "You still have to accept an interview,"

Feng Yiping frowned, and Lourdes immediately raised his hand, "I promise you will like it, the one who interviews you is that beautiful woman,"