"Okay, I'll try my best to keep things going," said Bart Bladen. "But President, time is very valuable to us, and I need the full support of the other two major business units of the Group."

"Okay!" said Richard Ford, "I can support you all the funds that the group can use."

Lehman Brothers, the entire group is a whole. If the investment banking business segment, as the group's capital pool, collapses, then the entire capital business empire of Lehman Brothers will collapse.

There are indymac Bank and Elter Bank being bankrupted by depositors and investors.

Richard Ford knew in his heart that at this moment, the entire group and all core backbones must not show any panic, nor can they lock in money, limit the runs and redemptions of depositors and investors.

Only by being open and upright and using the internal capital flow of the group to survive can we achieve vitality.

Let depositors and investors run, redemption storm pass quickly.

Of course, during this stage, he had to urge all departments of the group to sell assets as soon as possible and recover cash, and at the same time lobby various financial institutions and governments to provide financial support.

After getting the answer he wanted, Bart Braden responded and hung up the phone.

After hanging up the phone, Richard Ford pondered for a moment, he immediately ordered his secretary, Pole Orib, to convene the group directors and convene an interim board of directors. At the same time, he also ordered Pole Orib to inquire about the itinerary of the Finance Minister Precost, and want to meet the Finance Minister in person and seek government finance to help Lehman Brothers.

He still remembers the economic symposium in Washington the day before yesterday.

The establishment of the $70 billion mutual aid fund is to maintain financial stability and solve the dilemma of sudden bank runs like the current Lehman Brothers.

Richard Ford believed that as long as he came forward, he would be able to convince Treasury Secretary Precost.

After all, Lehman Brothers, both in terms of history and business scale, are large-scale financial giants in the United States. Once they collapse, the financial storm will be extremely fierce. The government can even save Indymac Bank and Elter Bank. There is no reason not to save Lehman Brothers.

Of course, if you can save yourself, it is naturally the best.

So Richard Ford only left a way out for himself and Lehman Brothers when meeting with Treasury Secretary Precost. Before that, he wanted to hold a meeting to unify his opinions, and then quickly sold the "sub-loan" risk assets and real estate business in his hands at a large discount.

Lehman Brothers' debt is very huge.

At this time, what Richard Ford was no longer the group's profit or loss, but the issue of how to recover cash flow, dealing with successive debt maturities, depositors and investors running one after another, redeeming investment assets, and allowing the group to survive safely.

He could feel that the most dangerous time of the Lehman Brothers had arrived.

He seemed to feel that he had returned to 1998, and once again stood at the crossroads, shouldering the heavy responsibility and leading the financial giant to survive.

Lehman Brothers' Board of Directors was held at 10 a.m. New York time.

After internal resolutions, the group's board of directors passed a plan to sell all non-group core assets and recover cash flow as soon as possible to deal with the debt crisis and investor runs.

When Lehman Brothers made an emergency response and began to sell assets on a large scale, regardless of the cost, to recover cash flow.

Merrill Lynch, which was the first to expose debt problems and made various asset sales and impairment, began to formally contact Bank of America and intend to negotiate possible acquisition intentions; Freddie Mac and Fannie Mac are still increasing their holdings of CDS credit default swap contracts on a large scale, hoping to pass the risks to credit guarantee companies and insurance companies to complete risk hedging; Washington Mutual Bank, Citibank, New York Bank and other institutions began to positively evaluate the bond risks of financial institutions such as Lehman Brothers, Freddie Mac, Fannie Mai, and Fannie Mai, and had the idea of ​​selling or reducing holdings.

In the market, other medium and small financial institutions.

At this moment, we began to face up to the possible comprehensive credit crisis problem under the continuous deepening of the "subprime mortgage crisis".

After all Wall Street and even the entire American financial community, all types of capital have fully understood that the path of plundering profits, pushing up inflation, and transferring risks through oil prices and commodities is not working, they have turned around and started to save themselves, abandoning all risky assets implicated by the "sub-prime mortgage".

Therefore, although the time is Saturday, the offline market that can be traded is still hot and intense.

More and more investors are aware of the possible risks in the market, so everyone, including many financial institutions, began to abandon all corporate bonds and subprime bonds.

at the same time……

When corporate bonds and subprime bonds were sold off on a large scale, government bonds ushered in unprecedented prosperity.

More and more investors and institutions are pouring into the treasury bond market. The price of treasury bonds with a face value of US$100 has been rising from around US$94, while their treasury bond yields, whether in ten-year or three-year, continue to decline, indicating that the market's risk aversion sentiment has rapidly heated up.

The continued decline in U.S. Treasury yields have attracted the attention of all investors around the world.

At this moment, it seemed as if all institutions were in their hearts, and they vaguely had a storm in the financial market and were about to come.

After watching the Olympic opening ceremony with her sister and Zhang Xue, Su Yue took a good night off.

Then the next day, he went back to Ningzhou directly and held an internal meeting with the main core figures of the group, deciding to add new personnel to the United States.

And on the other side...

In the New York branch, Cui Xianshi had contacted the property rights company of the company's commercial building, reached a purchase agreement, and arranged all the accommodation and office issues for new employees.

Under various arrangements, Monday, August 10.

The Bentayga Capital Group, two trading teams, totaling more than 80 people, took a special plane, departed from Ningzhou, transferred to Yanjing, and then arrived in Wall Street, New York.

Therefore, the New York branch, three trading groups, were expanded to six.

"Chairman, our department has transferred $5 billion to inject stock index futures and stock trading accounts." At 9 a.m. New York time, the investment manager Chen Yuhe, the investment manager of the New York branch, which has completed the restructuring of the trading team, reported, "The Dow, Nasdaq, S&P Index Futures, has begun to build positions."

In the trading room of the Bentayga Capital, Su Yue replied: "It's very good. The next goal is to constantly inject funds into the stock market and obtain as many short positions as possible."

"No need to deliberately short selling to suppress the price."

"After the previous layout, we have cut off the channel for transferring capital risks in various departments. Their internal crisis will inevitably break out, and we will continue to increase our positions and wait quietly for the wind."

Chen Yuhe responded and continued: "According to the Chairman's instructions, I have sorted out the individual stock targets of financial and resource categories. I will send them to you and you can take a look."

"No need." Su Yue smiled and said, "If you can sell short, just sell all of them."

"After the outbreak of the credit crisis, under the liquidity dilemma, similar stocks have almost the same decline, so there is no need to screen too much."
Chapter completed!