The most explosive news value is the joint report letter at the end.
What has attracted the most attention in the United States in the past two years?
Isn’t it the housing loan crisis, also known as the subprime mortgage crisis?
Under the loose policies of banks, people who are not qualified to buy houses have bought houses. They are fine on weekdays, but when the value of the house suddenly becomes lower than when they bought it, who is willing to continue to fill this hole?
Coupled with the economic downturn and the rising unemployment rate, many people don't even have enough for living expenses. Who is going to pay off the mortgage?
Thousands of houses have been abandoned, but the banks are crying when they hold these houses, because not only can they not get back the money they loaned out, but these houses are still depreciating rapidly, and they are losing more than the public.
Bigger - wait a few months, this is how Fannie Mae and Freddie Mac collapse.
Now someone has revealed that even though they know that the rise in housing prices is abnormal and poses great risks, Black Rock Group still incites people to buy houses for the sake of its own handling fees and service fees. This kind of behavior is simply deplorable!!
Americans are very impulsive. When they saw a newspaper saying that the Black Rock Group had harmed the working people, their anger could not be expressed in words. They rushed directly to the headquarters of the Black Rock Group and destroyed the doors and windows of their first and second floors.
They were all smashed to pieces, and then there were thousands of people sitting at the door to protest, asking the court to shut down the Black Rock Group and sentence these "sinister capitalists" to jail!!
With these two bombshells, at least more than 300 reporters used various methods to surround the top management of Black Rock Group and interview their employees.
Coupled with the accusations and scoldings from previous investors, the whole combination has come down, making Black Rock Group panicked. It's quite a bit like setting off a storm.
To be honest, Black Rock Group has indeed done all the things disclosed, but the problem is that it is not just them alone on Wall Street who have done it, there are also many companies on Wall Street, including Merrill Lynch.
So they were very unconvinced.
Therefore, it is not that the Black Rock Group has not thought about counterattack. In fact, on that day, that is, in the afternoon of the 29th, the Black Rock Group organized some shady secrets of Merrill Lynch, which were even more powerful than what they had done with the Black Rock Group before. They were ready to take it.
Disclosed in newspapers, magazines and news.
But before they took action, the information had already been leaked, and then they received many phone calls.
Not one person received many calls, all the board of directors and management of Black Rock Group received many calls without exception.
The people who called were not only famous figures on Wall Street, but also CEOs of several major U.S. stock markets, the Treasury Department, the Federal Reserve, etc.
They have only one purpose for calling. Don't move. If you dare to do anything regrettable, Black Rock Group will be jointly suppressed immediately until it collapses, and the top executives of Black Rock Group will also go to jail.
Live the rest of your life.
What is this called?
It's like the whole Wall Street is putting pressure on them. It's like they are fighting against the whole Wall Street alone!
They were so frightened now that they dared not even move.
So they could only let the protesters protest. Investors complained, and they cowered down and tried their best to refute the rumors, but they absolutely did not dare to involve Merrill Lynch in the slightest.
Because they have also figured out that Merrill Lynch can no longer withstand the slightest movement, and will go bankrupt if it is inappropriate.
Once Merrill Lynch collapses, can Lehman Brothers run away?
If they collapsed together, what else would Wall Street have to bargain with the U.S. government? Wouldn’t this disrupt Wall Street’s entire deployment?
The US$700 billion in bailout funds just flew away, and even the Black Rock Group could not afford to lose the money after it was sold!
Not only did Black Rock Group receive a serious warning, but the Black Rock Group behind them also received concern from giants such as Goldman Sachs. They called and talked for a long time. The words were all full of warnings, telling them not to cause trouble during this period.
.
So what if Peterson had been secretary of the U.S. Department of Commerce?
So what if Blackstone and Blackrock combined manage more than $1 trillion in assets?
The huge forces on Wall Street gathered together, and Peterson had no choice but to make a temporary concession. After discussing with Schwartzman, he finally changed his previous strategy.
A sage once said that the end of the political game is nothing more than compromise.
In fact, it is often the same in business.
As soon as Schwarzman came out of Peterson's house, he immediately dialed Xiao Qi's personal mobile phone and formally proposed to visit Xiao Qi's house.
Xiao Qi looked at the changes of the day and was lamenting that the shopping mall was also extremely dangerous. He received a call from Schwartzman and readily agreed to his request to visit.
Swartzman had known that Xiao Qi had come to New York before, but he had never contacted Xiao Qi. Now that he took the initiative to come to the door, he was naturally seeking a compromise.
Sitting in the teahouse of the manor, although it was already night, you could still see the gardeners and bodyguards outside, busy fertilizing the soil.
“Sometimes I think that being a farmer, working from sunrise to sunset, and having dinner and watching TV with my wife and children at night, without having to think too much or worry too much, is definitely much better than the life we have now.
Got it!" Schwartzman said with emotion.
"You are used to the prosperity of the city, you are used to standing on top of the crowd and giving orders, you are used to controlling the destiny of others. Will you give it up? Will you be willing to be lonely?" Xiao Qi laughed hoarsely and said: "How about we make a bet, can you persist?
In three months, I lost a Ferrari to you, and you lost a Ferrari to me."
Schwarzman laughed and shook his head, "Young Master Qi, you didn't even give me a chance to express my feelings and think freely!"
"Some things must not only be thought about, but also done." Xiao Qi smiled and said, "I think you came here today, Stephen, not to express your feelings about life, right?"
"Of course!" Schwarzman quickly adjusted his mood, "Qi Shao, I want to ask, are you really in such demand for Black Rock Group?"
"I think so." Xiao Qi said harmoniously: "Black Rock Group manages so many high-quality funds and has an extremely strong team of managers. If I can buy it, it will bring me great benefits in the future.
income."
"If you spend 12 billion U.S. dollars to acquire its shares, will the annual profits catch up with the profits you generate from investing in Fairy Company?" Swartzman said, "As far as I know, both Dreampad2 and Dreamstars have the problem of insufficient production capacity.
.If you can invest more money in production, wouldn’t it be more cost-effective based on the profit margin of more than 50% on two super popular products?”
"It's very dangerous to just put your eggs in one basket." Xiao Qi said with a smile, "Don't you also advocate diversification of asset allocation? I think this is very good, and I happen to have this cash now.
, you can make this investment. Merrill Lynch just needs this cash, so it makes sense that they want to sell it to me."
Swartzman was at a loss for words.
Just like Bloomberg's previous frustration with Bloomberg's shares, the biggest shortcoming of Blackstone Group and Black Rock Group is the lack of cash.
Even though they manage hundreds of billions of dollars in assets, it is almost impossible to come up with $12 billion in cash.
If it is normal, you can still find several more banks to lend money, but now the banks are unable to protect themselves and are about to grab money. Where can you find the money to lend them money?
Therefore, during this period of time, Xiao Qi directly used his abundant capital to suppress others. He was simply crushing them. It was completely impossible to have any opponents!
This is exactly the essence of cash being king!
"Can you tell me how to give up the acquisition of Black Rock Group?" After careful consideration, Schwarzman simply decided not to go around in circles with Xiao Qi.
"If you introduce me to a few more businesses that can make money, and that can increase in value very much, I'm willing to stop." Xiao Qi also became serious, "But don't fool me with ordinary things, you can only use
A better project than Black Rock Group will come out!”
Schwartzman was speechless, "We have better projects and we won't do them ourselves, so why are we eager to acquire the next-level ones?"
Xiao Qi spread his hands: "Do you need me to explain the importance of Black Rock Group to you?"
Seeing Xiao Qi clearly seizing on the weakness of Blackstone Group's intention to acquire Black Rock Group, and being so confident and fearless, Schwarzman wanted to lift his stool and throw it at Xiao Qi.
But after all, he is not good at force, not to mention there are a lot of bodyguards outside. If there is a conflict, he is not sure whether he can go back intact.
Seeing him in such a difficult position, Xiao Qi smiled and said, "How about I pay 12 billion U.S. dollars and you sell Freescale to me?"
"Dream!"
Schwartzman subconsciously denied it.
Are you kidding me?
We only spent 17.6 billion US dollars to buy it the year before last, and in just two years you want us to sell it to you at a loss of 5.6 billion US dollars?
Even if it's affected by the storm, it shouldn't be discounted like this, right?
While Swartzman was muttering in his heart, he only thought that Xiao Qi was speaking casually to cover up his purpose. He never thought that Xiao Qi was already a test.
"Then why don't you sell me the shares of Cho-Girl!" Xiao Qi said seemingly casually, "3.6 billion US dollars, I'll give you the money right away."
"Choi girl?"
Listening to this, Swartzman's heart moved.
It's not that he guessed that Xiao Qi competed with them for the shares of Black Rock Group because of the lustful girl, but he felt that he could really use this as a condition to have a good talk with Xiao Qi.
After all, Xiao Qi’s woman, Miss Tang Mingxiang, is known to everyone about her ambition to buy back pornographic girls! (To be continued, please search Piao Tian Literature for better and faster novels!
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