Chapter 2761 Sure Enough

On Friday morning, the faces of people who came out of the subway station to work on Wall Street rarely regained some of their previous look.

After walking out of the subway station, many people will look up and see that the sky is so clear!

They all know the two good news yesterday. The United Fund invested US$5 billion in Goldman Sachs, and another major Wall Street investment bank, Morgan Stanley, also received a US$90 investment from China's sovereign investment fund after paying 20% ​​of its shares.

Although the latter looks a bit like a food delivery person - in the minds of most of them, the financial institutions of that big eastern country, especially their official financial institutions, are really representative of people who are stupid and have too much money. .

Many of them have more than one way to easily withdraw on their own initiative after going through this difficult period.

But no matter what, Morgan Stanley, as a representative of Wall Street, is also at a critical juncture. Being able to attract such investment at this time really makes many of them want to shout out from the bottom of their hearts, " I love you China!”

They didn't know that in just over a year, those representatives who they thought were "stupid people and rich in money" had almost completely changed. Although the agreement signed with Morgan Stanley made concessions in the end, It is still a big bargain and a real value investment.

The agreement prepared this time is also carefully designed to meet the industry's top standards.

So what excites these people the most is the United Fund's investment in Goldman Sachs.

They all know who is behind United Fund, and they all know the results of United Fund.

If the United Fund has made hundreds of millions or more than a billion dollars from various Wall Street companies through subprime mortgages, then it may be the public enemy of the entire Wall Street. Anyone who mentions it will say, "Take advantage of the situation!"

But when the profit of the United Fund was more than 20 billion US dollars, everyone's reaction to it was that they were all in awe, awesome! ox!

United Fund completely conquered them with such dazzling results, and intuitively let them know that Feng Yiping was not only a genius in Silicon Valley.

People like this are so optimistic about Wall Street, so what else do they have to worry about?

What's more, Feng Yiping also made it clear in the interview that relevant departments should be considering an overall rescue plan for the financial industry, which made them even more relieved.

Since last night, those with channels have started to use their connections to find out whether this news is true. It is estimated that it will not take long before accurate news is obtained...

In short, it seems that the haze hanging over Wall Street will fade away soon.

They are all waiting for that moment to come.

…………

At this time, a conference room in the Goldman Sachs building was already full of people.

These young, well-dressed gentlemen and ladies are all members of the Goldman Sachs board of directors, and can also be said to represent the highest power on Wall Street.

Although there are many people around the table, the conference room is very quiet. According to standards, these people here are all "old money", real and fake, and they all have some aristocratic demeanor.

In previous meetings, they might have been more casual, but today, wasn't there a new face at the table?

Then it’s not necessary to show off?

While laughing and whispering to the people around them, they all looked at the new face up and down without concealing it.

There was no hint of malice in those looks, but what they expressed was definitely not a welcome.

John sat lazily on the chair with a more casual posture than them, with a faint smile on his face, and looked back at them, which made those people feel uncomfortable.

That was a look even more condescending than theirs!

Regarding what attitude he should adopt in the boardroom, John has never asked his boss, because he knows very clearly that it is the boss's business to be a good person. What he has to do is to show that he is not easy to mess with and difficult to deal with. .

Don't have any thoughts of sacrificing our interests.

Also, what are you proud of?

Without our investment, without the boss personally coming forward to support you, how could you be so leisurely now?

The chairman of the board of directors, Lord, walked into the meeting room and greeted everyone. When he looked at John, he found that this man who had always had no temper when he was around Feng Yiping yesterday, today he behaved better than Feng Yiping in front of him. Even more arrogant.

Sure enough it is so!

"Everyone, everyone knows the relevant agenda. Because of time constraints, we will vote directly, okay?"

"Shareholders who agree to apply for restructuring Goldman Sachs into a bank holding company, please raise your hands,"

He was the first to raise his hand.

No one else at the table objected.

The so-called application to reorganize into a bank holding company, to put it more bluntly, is to transform them from an investment bank into a commercial bank.

The biggest advantage of becoming a commercial bank is that it can get the right to borrow money directly from the Federal Reserve's discount window - to put it bluntly, when the workers and peasants are short of money, they can go to the central bank, but those securities companies can't. Such power.

Another well-known benefit of becoming a commercial bank is that it can absorb deposits. Goldman Sachs takes this step, which also leaves room for gradually using depositors' deposits to replace short-term financing.

At a time like this, naturally no one objects to such a change.

Anyway, up to now, through the efforts of some senior Wall Street veterans, there is not much difference in the business scope of commercial banks and investment banks.

After everyone signed the document, Lauder immediately said, "It will be released to the public immediately."

The market opening time is coming soon, and such news will undoubtedly help the performance of Goldman Sachs' stock price.

After doing this, Lauder was obviously relieved. "Everyone, with our joint efforts and the assistance of our new partners," he nodded towards John, "the most difficult days, We were finally left behind step by step... Oh John,"

He saw John raise his hand, "Do you have anything to say?"

"Yes," John was not polite at all. "Actually, we all know that restructuring Goldman Sachs from an investment bank to a commercial bank will not directly help our current situation."

Those who still had a sense of accomplishment on their faces immediately frowned. For such an important change, you actually said it wouldn't be helpful?

"Borrowing money from the Federal Reserve's discount window?" John turned a blind eye to those angry faces and continued to speak sarcastically, "After the Bear Stearns incident in March, the 'brokerage lending method' introduced by the Federal Reserve actually gave them the ability to transcend traditional boundaries and directly The right to lend money to investment banks,"

"So, this approach just makes some investors sound more reassured,"

My board of directors seems to be more lively in the future. Lauder looked at this guy who was unknown last year but is qualified to be on an equal footing with them this year. "This is not a guy who can have a substantial impact on us in the short term." sex-help initiative, but it's certainly one that will give us an advantage in the future,"

Someone immediately asked, "John, right, so what other measures do you think can be effective in the short term?"

"In the past few days, not only us, but everyone on Wall Street has been unable to think of any good solutions,"

John welcomes the guy who gets killed by such a move, "That was in the past, before we invested in Goldman Sachs,"

Lauder couldn't help but lower his head, this is really a... madman.

Does your boss Feng Yiping know you are so crazy?

Oh, he must know, this must be what he ordered.

"Haven't you noticed? Things have changed since we invested in Goldman Sachs," John said boldly.

"Just tell me what measures you can take that will produce immediate results," another person said.

I really hate seeing such an arrogant person.

"Isn't it simple to take short-term effective measures?" John said with an expression that you can't even see this. "Leveraging yesterday's wind, we can issue another stock. I think it will also issue 5 billion US dollars. "

Someone almost shouted right away, "Who will buy it?"

But wait, someone will actually buy it now!

Laalder nodded secretly, this is really a good idea worth trying. At this time, who still thinks that there is too much cash in hand?

This is a plan specially prepared by Feng for you!

At this time, the phone on the table rang. As soon as Lauder answered it, he stood up and said, "Everyone, good news."

He pointed, and someone immediately turned on the TV, and Paulson, whom they were all familiar with, appeared on the TV, "I want to announce a news to everyone, but I think everyone should be familiar with this news today,"

People in the conference room couldn't help but quiet down, "We will use US$700 billion to buy problematic assets in the banking industry."

"Yeah!" Suddenly, the entire Wall Street was applauding and celebrating.