Easy Tycoon

Chapter 929 Paulson wants to stand up
Hearing Yang Jing talk about this John Paulson, Henry also laughed.

Henry is almost 70 years old this year, but his body is the same as that of old Mike, and he can be described as "old and strong".

And people like them, the older they get, the more demonic they become, especially the analysis of market trends is even more amazing.If Yang Jing hadn't come from the future, he would definitely admire this kind of old monster level investment master now.

"Yeah, with this little Paulson standing in front of us, the old Paulson won't pay much attention to us, and we can relax a lot. Boss, I think you can give this man a lot of money after the market is completely over. Paulson Jr. presents a medal."

Several people laughed.

The little Paulson that Henry said was naturally the younger John Paulson. John Paulson, who was born in 1955, was nearly 20 years younger than Henry. Henry could naturally call him Little Paulson.

As for the old Paulson, it is naturally Henry Paulson who has just served as the Secretary of the Treasury of the United States.Henry Paulson is also more than ten years younger than Henry, only nine years older than John Paulson, so he is called Old Paulson by Henry.

These two Paulsons are now very famous in the US real estate market. One is the former Chairman and CEO of Goldman Sachs. Paulson Jr., who has made a lot of money from the subprime mortgage crisis, is actually at a level of opposition between the two.

During his tenure as the chairman of Goldman Sachs, the old Paulson made Goldman Sachs so prosperous that he was a well-deserved leader of Wall Street in the early [-]th century. However, when he became the US Treasury Secretary, he was caught by this sudden The subprime mortgage crisis has caused a lot of trouble, but he can't do anything about it. How can this make him feel embarrassed?

Therefore, the old Paulson naturally wanted to kill chickens and scare monkeys.It's just that although the little Paulson made a lot of money for the country, he didn't have any illegal operations. This is his legitimate gain, and even the old Paulson can't help it.

David also laughed and said: "I heard that Henry Paulson invited John Paulson to talk to him a few days ago, but there was no result at all. Obviously, our finance minister has nothing to do with John Paulson. .”

Henry nodded and said: "So, our finance minister obviously wants to find another chicken to kill. The subprime mortgage crisis is actually caused by the greedy guys on Wall Street, and the old Paulson is also responsible for it. Before he was the finance minister, their Goldman Sachs made waves in the real estate market. Now that he is the finance minister, he doesn't accept the account, and wants to put the shit on other people's heads. It's unreasonable."

Cesar said coldly at the side: "Is there any shame in these high-ranking officials of the Federation?"

"Haha, this is shameless confrontation, let's see who can win the final victory!"

Yang Jing shook his head and said, "There will be no winners in this subprime mortgage crisis. If there is one, it will be that we still have that John Paulson."

Several people gave Yang Jing a thumbs up, these words are too encouraging!

David asked worriedly: "Boss, now Henry Paulson is like a mad dog, trying to find Liwei's partner, do you think he will find us?"

The subprime mortgage crisis was caused by the real estate market, not speculation in the stock market, so the SEC has no power to investigate these investment institutions, but the U.S. Treasury Department can investigate them, especially when the new Treasury Secretary just took office. In this case, if the old Paulson doesn't find a target to stand up to, he won't be able to hold his face.Maybe this treasury minister's throne is not secure yet, and he will be kicked away by Bush Jr.

Of course Bush Jr. has a reason to be angry. I asked you old Paulson to be my treasurer because I liked your ability to control the wind and rain on Wall Street back then, but you are lucky to be my treasurer. None, and it brought me a subprime mortgage crisis. If you can't handle this matter, you should hurry up and get out!

In fact, Paulson Sr. did not hold the position of finance minister firmly. Heitan fired him as soon as he came up. The main reason for his dismissal was the subprime mortgage crisis.

Yang Jing shook his head and said: "Old Paulson can't find out what's on our head. Let alone our funds are scattered all over the world, old Paulson has no way to find out, just a young Paulson can Attract half of the old Paulson's attention. In addition, the old Paulson is very clear that the main cause of the subprime mortgage crisis is the greedy investment institutions on Wall Street, so even if he wants to stand up, I think he's going to use one of the big Wall Street investment banks as well."

Henry and the three of them thought for a while after hearing the words, and then Cesar asked: "Boss, could it be that the old Paulson would make a move on an investment of the scale of Bear Stearns or Merrill Lynch?"

Yang Jing smiled, "Who can say for sure about this matter? Anyway, if I were old Paulson, I would definitely use a large enough investment bank to establish my prestige. I did this for the sake of Liwei, the other one is for Mr. Bush Jr. The subprime mortgage crisis is inevitable, and the global financial crisis caused by the subprime mortgage crisis is also inevitable. No matter who it is, it is impossible to save the current situation. Well, the old Paulson is no good either. However, he can use one of the initiators of the subprime mortgage crisis to stand out. Look, the subprime mortgage crisis was caused by these guys, and I will punish them properly!"

David asked curiously: "Boss, what do you think old Paulson will do?"

"What will you do? It's not easy! One is to be acquired, and the other is to go bankrupt! If you don't do this, it won't be enough to establish your prestige and peace." Yang Jing said with a deadpan expression.

"Boss, who do you think old Paulson will attack? Goldman Sachs? Citigroup? **** or Morgan Stanley?" David asked curiously.

Yang Jing shook his head and said: "Goldman Sachs should be impossible, after all, old Paulson came from Goldman Sachs, although Goldman Sachs contributed a lot to the subprime mortgage crisis, but I don't think old Paulson will take action against Goldman Sachs. "

After a pause, Yang Jing continued: "As for Citigroup and Morgan, even if old Paulson wanted to attack them, he didn't have the guts. Whether it's Citigroup or Morgan, old Paulson can't do it. , he doesn’t have that energy yet.”

This is not Yang Jing's nonsense, whether it is Citigroup or Morgan, let alone old Paulson, even if it is Bush Jr. and Bush Sr., they dare not move!Do you really think the top ten consortiums in the United States are just kidding around?Especially the deep-rooted consortia like Morgan and Citigroup, not to mention you as a small treasurer, even the president of the United States, they can easily replace them!

Anyone who dares to do anything to Citigroup and Morgan is like a rat serving as a companion to a cat!
Henry nodded and said: "Boss is very reasonable. Boss, then old Paulson can only act on those unfounded investments?"

"Probably! I guess Merrill Lynch and Lehman Brothers may all be Paulson's targets."

Cesar asked in confusion: "Boss, can't New Century Financial Company satisfy old Paulson? After all, it is the second largest subprime mortgage company in the United States."

Yang Jing shook his head and said, "A mere New Century Financial Company is not enough weight, old Paulson will definitely win an investment bank with enough weight."

Several people were a little silent after hearing this.

"This has actually been reflected in Bear Stearns." Yang Jing looked at a few silent subordinates and continued to explain, "Bear Stearns itself is the fifth largest investment bank in the United States. The investment bank with more than 2.36 billion US dollars was acquired by **** at a price of [-] million US dollars, which is not without the result of the old Paulson Liwei!"

Henry and the others were terrified.

Although the New Century Financial Corporation, which closed down last year, is not small, there is still a huge gap compared with Bear Stearns.However, Bear Stearns, an investment bank with a scale of 2 billion U.S. dollars, was acquired by the government at a price of 2.36 U.S. dollars per share, a total of 90 million U.S. dollars.You know, one month before Bear Stearns was acquired, the stock price of Bear Stearns was still more than $[-] per share!

However, such a strange thing happened like this, and the Ministry of Finance did not care about it. If there is no instruction from the old Paulson, whose letter is from his sister.

Henry nodded and said: "Boss is right. Now there are Merrill Lynch and Lehman Brothers. It depends on which of these two investment banks is faster. But I am more optimistic about Merrill Lynch. As for Lehman Brothers." Henry shook his head Did not speak again.

Cesar also nodded and said: "Now that Merrill Lynch and Bank of America are fighting fiercely, I think Merrill Lynch is very likely to sell itself to Bank of America, thereby avoiding the tragic fate of Bear Stearns. As for Lehman Brothers, I'm afraid it is true. There is no takeover."

Cesar's guess was actually very accurate. Others don't know these things, but Yang Jing, who traveled back from the future, is very clear about everything that happened at this critical node.

When the subprime mortgage crisis broke out to its climax, Merrill Lynch took the initiative to attack decisively. Even if they sold themselves at a low price, they still kept the name of Merrill Lynch.

If there is no accident, Merrill Lynch will reach an agreement with Bank of America a month later, selling itself to Bank of America at a price of one-third of Merrill Lynch's market value a year ago, which is 440 billion US dollars.

At that time, the world's number one investment bank, Lehman Brothers, eventually went bankrupt because no one took over.

Between Merrill Lynch and Lehman Brothers, it was Merrill Lynch who had the last laugh, while Lehman Brothers, which had a history of [-] years, ended up in bankruptcy.

Lehman Brothers is really the most unlucky investment bank that Paulson used to make a name for himself.

Although Merrill Lynch has not yet been acquired by Bank of America, and Lehman Brothers has not gone bankrupt, Yang Jing knows all this.

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(End of this chapter)