Chapter 505: Young people are still cruel

William Butler, managing director of the Securities Department of Goldman Sachs headquarters in New York, hurried to the airport with a depressed look on his face.

Although Butler was short of the subprime mortgage market in the morning, he never expected that after the talks with Qin Xianglin on August 5, the sub-stock crisis quickly worsened to this level in just 10 days.

Now, Wall Street can no longer hold back the lid, and major institutions have begun to rush forward.

Fortunately, during this period, Titan Fund still retains its bargaining chips.

Even if it costs $5 billion, Goldman Sachs must grab these short contracts.

At 7 pm, Butler took a plane to San Francisco International Airport. Qin Xianglin, accompanied by Chen Lan and Wu Fei, received guests at the airport and rushed back to the Hilton Hotel.

Chen Lan also helped to book Butler's room.

Butler was anxious to talk about business, but Gao Yang asked Chen Lan to prepare a sumptuous dinner.

After dinner, it was almost 9 o'clock in the evening, Gao Yang, Qin Xianglin, Chen Lan, Wu Fei, and Lin Yunjiao.

Five people sat in a conference room in a hotel renting, closed the door and formally negotiated with Butler.

Tonight, Gao Yang personally came forward to lead the negotiations on behalf of the Titan Fund.

As soon as he sat down, Butler took the initiative to speak: "Mr. Gao, ten days ago, Dr. Qin proposed a 5 billion US dollar offer on behalf of Titan Fund. According to the current market situation, Goldman Sachs can accept it."

After Chen Lan translated, Gao Yang smiled slightly: "Mr. Butler, 5 billion US dollars, it is just our lowest quotation on August 5. Now the market situation has changed drastically, and our quotation has also been changed. The minimum quotation is 40% off."

Butler was stunned: "The cake seller is $7.4 billion! Mr. Gao, this is absolutely impossible. No organization on Wall Street can accept such a high offer, and no organization can use such a large amount of cash."

Gao Yang quoted the price, not only Butler looked shocked, but Qin Xianglin and others were also secretly surprised.

Gao Yang not only waited for Goldman Sachs to come to San Francisco, but also started the price and added $2.4 billion as soon as he opened his mouth.

Gao Yang still smiled slightly: "Mr. Butler, $7.4 billion, does sound like a lot of money.

But you must understand that as long as we are willing to sell the 240 swap contracts held by Titan Fund, they will definitely be snatched away by major institutions within a week.

Even we can contact European buyers, and the results are the same.

We Chinese people pay attention to human nature. Professor Qin and Mr. Butler have been old friends for many years. He recommended Goldman Sachs to us, so we have the chance to sit down and discuss this deal seriously."

Butler frowned slightly and asked suddenly, "Gentlemen, ladies, do you mind if I smoke a cigarette?"

Chen Lan smiled slightly: "Mr. Butler, please give me a gift. Smoking is allowed in this conference room, so we don't mind."

Lin Yunjiao quickly got up and found three ashtrays.

Butler took out a box of cigars from his bag and signaled Gao Yang, Qin Xianglin and Wu Fei, and Gao Yang and Gao Yang said they would not smoke cigars.

Butler lit a cigar, sucked twice, and then said, "Mr. Gao, on behalf of Goldman Sachs, I came with the greatest sincerity. The 7.4 billion US dollars is too high, and the profit margin left to us is too small.

The subprime loan crisis is evolving rapidly, and no one can predict how turbulent the financial market will be in the future, perhaps...

No, I think it is certain that some financial institutions must have gone bankrupt in this crisis.

You now hold BB and BBB swap contracts with a face value of US$2.5 billion, which actually poses considerable risks.

Goldman Sachs can increase the price by 500 million US dollars and give it 5.5 billion US dollars. This is our greatest sincerity.”

Gao Yang said: "Mr. Butler, in order to show the sincerity of the Titan Fund, we can give up 400 million US dollars, with a total quotation of 7 billion US dollars.

With Goldman Sachs' status on Wall Street, I believe Mr. Butler knows better than us that the US government will continue to take action to save the market. Subordinate bonds have triggered this financial crisis, but it is just another distribution of interests. The possibility of large institutions going bankrupt is very small.

If these swap contracts we hold are really risky, Mr. Butler wouldn't have come to negotiate the deal in person."

Butler took another puff of cigarette: "Mr. Gao, $5.8 billion, this is my highest authority."

Gao Yang shook his head and smiled: "Mr. Butler, let's make another move, 6.8 billion US dollars."

Butler was silent for a moment, then sighed:

"Mr. Gao, we don't have to go around the corner anymore.

Please directly quote the lowest price, which is also a price that Goldman Sachs can accept.

If the Titan Fund quotation is too high, even Goldman Sachs will have to give up."

Gao Yang didn't plan to smoke here, so he took a soft cigarette, lit it and took a few puffs, thought for a while, and replied:

"Mr. Butler, for Professor Qin's friendship with you, Titan Fund can take another big step, 6.2 billion US dollars, which is also the final offer.

If Goldman Sachs doesn’t want to accept it, then I’m really sorry, we can only find another buyer.”

Butler thought about it and said, "Mr. Gao, $6 billion, maybe, I can fight with the board of directors to accept this offer."

Gao Yang shook his head and said, "Sorry, Mr. Butler, 6.2 billion US dollars is our biggest concession, and it is impossible to be lower."

Butler took a few more sips of cigarettes, suddenly turned off the cigarette butts, stood up and said, "Mr. Gao, please wait, I need to communicate..."

Butler picked up his cell phone and walked out of the conference room.

Gao Yang whispered to Qin Xianglin around him: "Professor Qin, with Goldman Sachs' scale and a transaction of more than 6 billion US dollars, does Mr. Butler still need to apply to the board of directors?"

Qin Xianglin smiled slightly: "He should have this authority, just pretending."

Later, Butler came back and stretched out a big hand to Gao Yang: "Mr. Gao, $6.2 billion, Goldman Sachs can accept it."

Gao Yang reached out his hand, held it enthusiastically, and smiled: "Mr. Butler, the cooperation is pleasant. The only requirement of Titan Fund is that Goldman Sachs is not allowed to disclose this transaction, and we need to sign a confidentiality agreement."

Butler said: "No problem, Mr. Gao's request is reasonable."

Qin Xianglin smiled and said, "William, it's time for us to have a drink."

Butler laughed, "Yes, I should have a drink, gentlemen, ladies, I'll treat you."

Butler invited everyone to the luxurious business suite where he lived, asked Gao Yang and others to order wine, and then asked the hotel bar to deliver wine to the door.

Everyone was drinking together and agreed that Chen Lan and Wu Fei would accompany Butler to Goldman Sachs headquarters to complete the transaction tomorrow.

Butler held the wine glass and clinked the glasses at Gao Yang, sighed: "Mr. Gao, you are extremely smart and very patient, with a $6.2 billion worth of US$200 million, which is much beyond Goldman Sachs' expectations. We don't have much room for profit."

After Chen Lan translated, Gao Yang smiled slightly: "Mr. Butler doesn't have to be modest. Goldman Sachs will have at least $6 billion in profit margin for this batch of contracts."

Butler was surprised and said, "Why did Mr. Gao make such a judgment?"

Gao Yang said: "The face value of this batch of contracts, the AA swaps is US$16 billion.

Now, the real subprime mortgage storm has just begun. Next, there will inevitably be many games among all parties involved in the interests, including the Federal Reserve, Wall Street and the market, including the European central banks.

AA bonds have not collapsed now, and US stocks have not collapsed. This financial crisis that has swept the world is unlikely to end today next year.

With Goldman Sachs' strength and status, this swap share of US$18.5 billion will be worth US$12 billion even if it takes a 65% off, allowing those institutions with heavy losses to fill the holes or reduce the losses.

At that time, I think Mr. Butler's personal performance dividend will probably not be less than US$1 billion, right?"

Butler smiled heartily and raised his thumbs up at Gao Yang: "Mr. Gao, you are such a genius!"

Qin Xianglin was quite sighing when the conversation between the two was heard by the two.

Young people are more cruel.

This time, Gao Yang waited for the best opportunity to let Goldman Sachs big shots like Butler come to discuss the deal.

With giants like Goldman Sachs blocking the situation, Titan Fund made $6 billion in half a year without any risks.

Qin Xianglin originally thought that Gao Yang had waited until now to take action, and this batch of swap contracts could be sold for about 5.5 billion US dollars, but he didn't expect that he would eventually sell for 6.2 billion US dollars, and Goldman Sachs had to accept it.

The results of the negotiations tonight also made Chen Lan and Wu Fei ecstatic, but in just 10 days, they made an extra $2.2 billion.

It's so scary.

This small cocktail party ended at 11 o'clock in the evening. Gao Yang returned to his room, took a shower, and started to sleep.

Lin Yunjiao returned to the room, Yang Ming sat at the bed reading a book, but was not asleep yet.

Lin Yunjiao walked over and suddenly hugged Yang Ming and kissed:

"Mingming, Mr. Gao is so awesome. I admire him too much. Do you know? Mr. Gao personally negotiated with Goldman Sachs, and that swap contract was sold for US$6.2 billion!"

"Oh my God, $6.2 billion!"

Yang Ming shook his hand, and the book "Actor's Self-cultivation" fell to the ground with a click.

Looking at Lin Yunjiao's excited look, Yang Ming suddenly asked, "Sister Yunjiao, Mr. Gao is so powerful. If you admire him like this, you will fall in love with him, right?"

Lin Yunjiao glanced at Yang Ming and giggled: "Mr. Gao has a wife, I'm so stupid. How could I fantasize about such a thing?

I am just glad that I joined 51 Group and can still work with Mr. Gao and learn a lot from him."

Yang Ming smiled slightly: "Yunjiao, it's very late, it's time to rest. I'll have to run with President Gao tomorrow morning..."
Chapter completed!