Chapter 929: 929
If audio player doesn't work, press Stop then Play button again
Henry laughed when Yang Jing talked about John Paulson.
Henry is almost 70 years old this year, but his body, like old Mike, can be described as "old and strong".
And for people like them, the older they are, the more demonic they are. Especially for the analysis of market trend, it is even more amazing. If Yang Jing hadn't come from the future, he would definitely admire this old monster level investment master.
"Yes, with this little Paulson standing in front of us, old Paulson won't pay more attention to us, and we can be much easier. Boss, I think you can give this little Paulson a medal after this wave of market is completely over..."
Several people laughed.
Henry's little Paulson is naturally the younger John Paulson. John Paulson, born in 1955, is nearly 20 years younger than Henry. Henry can naturally call him little Paulson.
As for old Paulson, it is naturally Henry Paulson who has just served as US Treasury secretary. Henry Paulson is more than ten years younger than Henry, but nine years older than John Paulson, so he is called old Paulson by Henry.
These two Paulson are now famous in the U.S. real estate market. One is the former chairman and CEO of Goldman Sachs, who just served as U.S. Treasury secretary last year, and now is the old Paulson who is troubled by the subprime mortgage crisis, while the other is the little Paulson who made a lot of money while taking advantage of the subprime mortgage crisis. In fact, the two are at an opposite level.
During his tenure as chairman of Goldman Sachs, Paulson Sr. made Goldman Sachs a rising wind and water. It can be said that he was a well deserved shoulder of Wall Street in the early 20th century. However, after he became the US Treasury Secretary, he was devastated by the sudden subprime mortgage crisis, but he was powerless to do anything about the subprime mortgage crisis. Why did he feel embarrassed?
So old Paulson naturally wanted to kill chickens and frighten monkeys. However, although the little Paulson made a big fortune, there was no illegal operation. This was the legitimate benefit of others, and even the old Paulson could not help it.
David also said with a smile, "I heard that Henry Paulson invited John Paulson over to talk a few days ago, but there was no result. Obviously, our Finance Secretary can't do anything about John Paulson."
Henry nodded: "Therefore, 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, which is also due to old Paulson. Before he became finance minister, their Goldman Sachs made waves in the real estate market. Now he is finance minister, but he doesn't recognize this account and wants to make a mess of shit It's not authentic to buckle it on someone else's head. "
Cesar said coldly, "do these senior officials of the Federation still have a shameful face?"
"Ha ha, this is called shameless. Look who can win the final victory!"
Yang Jing shook her head and said, "there will be no winner in this subprime mortgage crisis. If there is any, it is that we still have John Paulson."
Several people put up thumb at Yang Jing, which was too angry!
David was a little worried and asked, "boss, now Henry Paulson is like a mad dog and wants to find Liwei's object. Do you think he will find us?"
The subprime mortgage crisis was triggered 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 took office. If old Paulson doesn't find a target to stand up, he won't be able to hang on his face. Maybe the Treasury Secretary's throne hasn't been established yet If you sit still, you will be kicked away by George W. Bush.
Of course, George W. Bush has a reason to be angry. I asked you old Paulson to serve as my Treasury secretary. I just liked your ability to call the wind and rain on Wall Street, but you did well. When you became my Treasury Secretary, you didn't take any credit. It also brought me a subprime mortgage crisis. If you can't handle it, you'd better wash up and go away!
In fact, old Paulson really didn't sit firmly in the position of treasury secretary. As soon as aoheitan came up, he was fired immediately. Among them, the subprime mortgage crisis was the main reason for his dismissal.
Yang Jing shook her head and said: "Old Paulson can't find us. Let alone that our funds are scattered all over the world, old Paulson can't find out at all. Just a small Paulson can attract half of old Paulson's attention. In addition, old Paulson knows very well that the main reason for the subprime mortgage crisis is the greedy investment institutions on Wall Street, so he doesn't know I think he will also use a large investment bank on Wall Street. "
Henry and the three of them thought for a while when they heard the speech. Cesar asked, "boss, will old Paulson start on an investment bank of the size of Bear Stearns or Merrill Lynch?"
Yang Jing smiled, "Who can say that? Anyway, if I were old Paulson, I would certainly take a large investment bank with enough weight to establish prestige. One is to establish prestige, and the other is for Mr. Bush. The subprime mortgage crisis can not be avoided, and the global financial crisis caused by the subprime mortgage crisis can not be avoided No one can save the current situation. Old Paulson can't do the same. However, he can take one of the initiators of the subprime mortgage crisis as an example. Look, these guys caused the subprime mortgage crisis, and I will punish them well! "
David asked curiously, "boss, what do you think old Paulson would do?"
"What will you do? It's not easy! One is to be merged, the other is to go bankrupt directly! If you don't do so, it's not enough to build prestige and peaceful public anger." Yang Jing said expressionless.
"Boss, who do you think old Paulson will do to? Goldman Sachs? Citigroup? * * * * or Morgan Stanley?" David asked curiously.
Yang Jing shook her head and said, "Goldman Sachs should not be possible. After all, old Paulson came out of Goldman Sachs. Although Goldman Sachs has contributed a lot to the subprime mortgage crisis, I don't think old Paulson will do anything to Goldman Sachs."
After a pause, Yang Jing continued: "as for Citi and Morgan, even if old Paulson wants to fight them, he doesn't have the courage. Whether Citi or Morgan, old Paulson can't move. He doesn't have that energy."
This is not what Yang jingluan said. Whether it's Citigroup or Morgan, let alone Paulson Sr., even if George W. Bush and George W. Bush stack up, they dare not move! Are you really kidding when you are the top ten consortia in the United States? In particular, Morgan and Citigroup are deep-rooted old consortia. Let alone a small finance minister, even the president of the United States can be easily replaced!
Who dares to fight against Citigroup and Morgan department, it's like a mouse being a companion to a cat!
Henry nodded and said, "what the boss said is very reasonable. Boss, can old Paulson only do it to those investment banks that have no foundation?"
"I guess Merrill Lynch and Lehman Brothers may be the targets of old Paulson."
Cesar asked, "boss, can't a new century financial company satisfy old Paulson? After all, it's the second largest subprime mortgage company in the United States."
Yang Jing shook her head and said, "a new century financial company is not enough. Old Paulson is bound to win an investment bank with enough weight."
Several people were silent after listening.
"In fact, this has been reflected in Bear Stearns." Yang Jing continued to explain looking at several silent subordinates. "Bear Stearns itself is the fifth largest investment bank in the United States, but in March this year, this investment bank with a scale of more than $100 billion was acquired by * * * * at a price of $236 million, which was the result of old Paulson Liwei!"
Henry, they were thrilled.
Although the scale of the new century financial company that closed down last year is not small, there is still a huge gap compared with Bear Stearns. But Bear Stearns, an investment bank with a scale of $100 billion, was purchased by * * * * at a price of $2 per share, a total of $236 million, which would have never been imagined before. You know, one month before Bear Stearns was acquired, Bear Stearns's share price was still more than 90 US dollars!
But it happened that such a wonderful thing happened, and the Ministry of Finance ignored it. It should be said that there was no old Paulson's instruction. Who's his sister's letter.
Henry nodded and said, "the boss is right. Now there are Merrill Lynch and Lehman Brothers. It depends on which of the two investment banks is faster. However, I am more optimistic about Merrill Lynch, as for Lehman Brothers..." Henry shook his head and didn't speak again.
Cesar also nodded and said, "now Merrill Lynch and Bank of America are in a hot relationship. I think Merrill Lynch is likely to sell itself to Bank of America to avoid the tragic fate of Bear Stearns. As for Lehman Brothers, I'm afraid there is really no offer."
Cesar's guess is actually very accurate. Others don't know these things, but Yang Jing, who shuttles back from the future, knows what happened at this key node.
When the subprime mortgage crisis broke out to a high tide, Merrill Lynch took the initiative to attack decisively, even if it sold itself cheaply, but people somehow kept Merrill Lynch's sign.
If nothing unexpected happens, Merrill Lynch will reach an agreement with Bank of America in a month and sell itself to Bank of America at a price of one-third of Merrill Lynch's market value a year ago, that is, US $44 billion.
At that time, Lehman Brothers, the world's No. 1 investment bank, went bankrupt because no one took the offer.
Between Merrill Lynch and Lehman Brothers, Merrill Lynch was the last to laugh, while Lehman Brothers, which has a history of 100 years, ended in bankruptcy.
Lehman Brothers is really the most unlucky investment bank brought by old Paulson.
Although Merrill Lynch has not been acquired by Bank of America and Lehman Brothers has not gone bankrupt, Yang Jing knows all this.
PS: bow and thank "book friend 160522142809662" for 100 rewards.
Please report us if you find any errors so we can fix it asap!
Henry laughed when Yang Jing talked about John Paulson.
Henry is almost 70 years old this year, but his body, like old Mike, can be described as "old and strong".
And for people like them, the older they are, the more demonic they are. Especially for the analysis of market trend, it is even more amazing. If Yang Jing hadn't come from the future, he would definitely admire this old monster level investment master.
"Yes, with this little Paulson standing in front of us, old Paulson won't pay more attention to us, and we can be much easier. Boss, I think you can give this little Paulson a medal after this wave of market is completely over..."
Several people laughed.
Henry's little Paulson is naturally the younger John Paulson. John Paulson, born in 1955, is nearly 20 years younger than Henry. Henry can naturally call him little Paulson.
As for old Paulson, it is naturally Henry Paulson who has just served as US Treasury secretary. Henry Paulson is more than ten years younger than Henry, but nine years older than John Paulson, so he is called old Paulson by Henry.
These two Paulson are now famous in the U.S. real estate market. One is the former chairman and CEO of Goldman Sachs, who just served as U.S. Treasury secretary last year, and now is the old Paulson who is troubled by the subprime mortgage crisis, while the other is the little Paulson who made a lot of money while taking advantage of the subprime mortgage crisis. In fact, the two are at an opposite level.
During his tenure as chairman of Goldman Sachs, Paulson Sr. made Goldman Sachs a rising wind and water. It can be said that he was a well deserved shoulder of Wall Street in the early 20th century. However, after he became the US Treasury Secretary, he was devastated by the sudden subprime mortgage crisis, but he was powerless to do anything about the subprime mortgage crisis. Why did he feel embarrassed?
So old Paulson naturally wanted to kill chickens and frighten monkeys. However, although the little Paulson made a big fortune, there was no illegal operation. This was the legitimate benefit of others, and even the old Paulson could not help it.
David also said with a smile, "I heard that Henry Paulson invited John Paulson over to talk a few days ago, but there was no result. Obviously, our Finance Secretary can't do anything about John Paulson."
Henry nodded: "Therefore, 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, which is also due to old Paulson. Before he became finance minister, their Goldman Sachs made waves in the real estate market. Now he is finance minister, but he doesn't recognize this account and wants to make a mess of shit It's not authentic to buckle it on someone else's head. "
Cesar said coldly, "do these senior officials of the Federation still have a shameful face?"
"Ha ha, this is called shameless. Look who can win the final victory!"
Yang Jing shook her head and said, "there will be no winner in this subprime mortgage crisis. If there is any, it is that we still have John Paulson."
Several people put up thumb at Yang Jing, which was too angry!
David was a little worried and asked, "boss, now Henry Paulson is like a mad dog and wants to find Liwei's object. Do you think he will find us?"
The subprime mortgage crisis was triggered 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 took office. If old Paulson doesn't find a target to stand up, he won't be able to hang on his face. Maybe the Treasury Secretary's throne hasn't been established yet If you sit still, you will be kicked away by George W. Bush.
Of course, George W. Bush has a reason to be angry. I asked you old Paulson to serve as my Treasury secretary. I just liked your ability to call the wind and rain on Wall Street, but you did well. When you became my Treasury Secretary, you didn't take any credit. It also brought me a subprime mortgage crisis. If you can't handle it, you'd better wash up and go away!
In fact, old Paulson really didn't sit firmly in the position of treasury secretary. As soon as aoheitan came up, he was fired immediately. Among them, the subprime mortgage crisis was the main reason for his dismissal.
Yang Jing shook her head and said: "Old Paulson can't find us. Let alone that our funds are scattered all over the world, old Paulson can't find out at all. Just a small Paulson can attract half of old Paulson's attention. In addition, old Paulson knows very well that the main reason for the subprime mortgage crisis is the greedy investment institutions on Wall Street, so he doesn't know I think he will also use a large investment bank on Wall Street. "
Henry and the three of them thought for a while when they heard the speech. Cesar asked, "boss, will old Paulson start on an investment bank of the size of Bear Stearns or Merrill Lynch?"
Yang Jing smiled, "Who can say that? Anyway, if I were old Paulson, I would certainly take a large investment bank with enough weight to establish prestige. One is to establish prestige, and the other is for Mr. Bush. The subprime mortgage crisis can not be avoided, and the global financial crisis caused by the subprime mortgage crisis can not be avoided No one can save the current situation. Old Paulson can't do the same. However, he can take one of the initiators of the subprime mortgage crisis as an example. Look, these guys caused the subprime mortgage crisis, and I will punish them well! "
David asked curiously, "boss, what do you think old Paulson would do?"
"What will you do? It's not easy! One is to be merged, the other is to go bankrupt directly! If you don't do so, it's not enough to build prestige and peaceful public anger." Yang Jing said expressionless.
"Boss, who do you think old Paulson will do to? Goldman Sachs? Citigroup? * * * * or Morgan Stanley?" David asked curiously.
Yang Jing shook her head and said, "Goldman Sachs should not be possible. After all, old Paulson came out of Goldman Sachs. Although Goldman Sachs has contributed a lot to the subprime mortgage crisis, I don't think old Paulson will do anything to Goldman Sachs."
After a pause, Yang Jing continued: "as for Citi and Morgan, even if old Paulson wants to fight them, he doesn't have the courage. Whether Citi or Morgan, old Paulson can't move. He doesn't have that energy."
This is not what Yang jingluan said. Whether it's Citigroup or Morgan, let alone Paulson Sr., even if George W. Bush and George W. Bush stack up, they dare not move! Are you really kidding when you are the top ten consortia in the United States? In particular, Morgan and Citigroup are deep-rooted old consortia. Let alone a small finance minister, even the president of the United States can be easily replaced!
Who dares to fight against Citigroup and Morgan department, it's like a mouse being a companion to a cat!
Henry nodded and said, "what the boss said is very reasonable. Boss, can old Paulson only do it to those investment banks that have no foundation?"
"I guess Merrill Lynch and Lehman Brothers may be the targets of old Paulson."
Cesar asked, "boss, can't a new century financial company satisfy old Paulson? After all, it's the second largest subprime mortgage company in the United States."
Yang Jing shook her head and said, "a new century financial company is not enough. Old Paulson is bound to win an investment bank with enough weight."
Several people were silent after listening.
"In fact, this has been reflected in Bear Stearns." Yang Jing continued to explain looking at several silent subordinates. "Bear Stearns itself is the fifth largest investment bank in the United States, but in March this year, this investment bank with a scale of more than $100 billion was acquired by * * * * at a price of $236 million, which was the result of old Paulson Liwei!"
Henry, they were thrilled.
Although the scale of the new century financial company that closed down last year is not small, there is still a huge gap compared with Bear Stearns. But Bear Stearns, an investment bank with a scale of $100 billion, was purchased by * * * * at a price of $2 per share, a total of $236 million, which would have never been imagined before. You know, one month before Bear Stearns was acquired, Bear Stearns's share price was still more than 90 US dollars!
But it happened that such a wonderful thing happened, and the Ministry of Finance ignored it. It should be said that there was no old Paulson's instruction. Who's his sister's letter.
Henry nodded and said, "the boss is right. Now there are Merrill Lynch and Lehman Brothers. It depends on which of the two investment banks is faster. However, I am more optimistic about Merrill Lynch, as for Lehman Brothers..." Henry shook his head and didn't speak again.
Cesar also nodded and said, "now Merrill Lynch and Bank of America are in a hot relationship. I think Merrill Lynch is likely to sell itself to Bank of America to avoid the tragic fate of Bear Stearns. As for Lehman Brothers, I'm afraid there is really no offer."
Cesar's guess is actually very accurate. Others don't know these things, but Yang Jing, who shuttles back from the future, knows what happened at this key node.
When the subprime mortgage crisis broke out to a high tide, Merrill Lynch took the initiative to attack decisively, even if it sold itself cheaply, but people somehow kept Merrill Lynch's sign.
If nothing unexpected happens, Merrill Lynch will reach an agreement with Bank of America in a month and sell itself to Bank of America at a price of one-third of Merrill Lynch's market value a year ago, that is, US $44 billion.
At that time, Lehman Brothers, the world's No. 1 investment bank, went bankrupt because no one took the offer.
Between Merrill Lynch and Lehman Brothers, Merrill Lynch was the last to laugh, while Lehman Brothers, which has a history of 100 years, ended in bankruptcy.
Lehman Brothers is really the most unlucky investment bank brought by old Paulson.
Although Merrill Lynch has not been acquired by Bank of America and Lehman Brothers has not gone bankrupt, Yang Jing knows all this.
PS: bow and thank "book friend 160522142809662" for 100 rewards.
Henry laughed when Yang Jing talked about John Paulson.Henry is almost 70 years old this year, but his body, like old Mike, can be described as "old and strong".And for people like them, the older they are, the more demonic they are. Especially for the analysis of market trend, it is even more amazing. If Yang Jing hadn't come from the future, he would definitely admire this old monster level investment master."Yes, with this little Paulson standing in front of us, old Paulson won't pay more attention to us, and we can be much easier. Boss, I think you can give this little Paulson a medal after this wave of market is completely over..."Several people laughed.Henry's little Paulson is naturally the younger John Paulson. John Paulson, born in 1955, is nearly 20 years younger than Henry. Henry can naturally call him little Paulson.As for old Paulson, it is naturally Henry Paulson who has just served as US Treasury secretary. Henry Paulson is more than ten years younger than Henry, but nine years older than John Paulson, so he is called old Paulson by Henry.These two Paulson are now famous in the U.S. real estate market. One is the former chairman and CEO of Goldman Sachs, who just served as U.S. Treasury secretary last year, and now is the old Paulson who is troubled by the subprime mortgage crisis, while the other is the little Paulson who made a lot of money while taking advantage of the subprime mortgage crisis. In fact, the two are at an opposite level.During his tenure as chairman of Goldman Sachs, Paulson Sr. made Goldman Sachs a rising wind and water. It can be said that he was a well deserved shoulder of Wall Street in the early 20th century. However, after he became the US Treasury Secretary, he was devastated by the sudden subprime mortgage crisis, but he was powerless to do anything about the subprime mortgage crisis. Why did he feel embarrassed?So old Paulson naturally wanted to kill chickens and frighten monkeys. However, although the little Paulson made a big fortune, there was no illegal operation. This was the legitimate benefit of others, and even the old Paulson could not help it.David also said with a smile, "I heard that Henry Paulson invited John Paulson over to talk a few days ago, but there was no result. Obviously, our Finance Secretary can't do anything about John Paulson."Henry nodded: "Therefore, 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, which is also due to old Paulson. Before he became finance minister, their Goldman Sachs made waves in the real estate market. Now he is finance minister, but he doesn't recognize this account and wants to make a mess of shit It's not authentic to buckle it on someone else's head. "Cesar said coldly, "do these senior officials of the Federation still have a shameful face?""Ha ha, this is called shameless. Look who can win the final victory!"Yang Jing shook her head and said, "there will be no winner in this subprime mortgage crisis. If there is any, it is that we still have John Paulson."Several people put up thumb at Yang Jing, which was too angry!David was a little worried and asked, "boss, now Henry Paulson is like a mad dog and wants to find Liwei's object. Do you think he will find us?"The subprime mortgage crisis was triggered 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 took office. If old Paulson doesn't find a target to stand up, he won't be able to hang on his face. Maybe the Treasury Secretary's throne hasn't been established yet If you sit still, you will be kicked away by George W. Bush.Of course, George W. Bush has a reason to be angry. I asked you old Paulson to serve as my Treasury secretary. I just liked your ability to call the wind and rain on Wall Street, but you did well. When you became my Treasury Secretary, you didn't take any credit. It also brought me a subprime mortgage crisis. If you can't handle it, you'd better wash up and go away!In fact, old Paulson really didn't sit firmly in the position of treasury secretary. As soon as aoheitan came up, he was fired immediately. Among them, the subprime mortgage crisis was the main reason for his dismissal.Yang Jing shook her head and said: "Old Paulson can't find us. Let alone that our funds are scattered all over the world, old Paulson can't find out at all. Just a small Paulson can attract half of old Paulson's attention. In addition, old Paulson knows very well that the main reason for the subprime mortgage crisis is the greedy investment institutions on Wall Street, so he doesn't know I think he will also use a large investment bank on Wall Street. "Henry and the three of them thought for a while when they heard the speech. Cesar asked, "boss, will old Paulson start on an investment bank of the size of Bear Stearns or Merrill Lynch?"Yang Jing smiled, "Who can say that? Anyway, if I were old Paulson, I would certainly take a large investment bank with enough weight to establish prestige. One is to establish prestige, and the other is for Mr. Bush. The subprime mortgage crisis can not be avoided, and the global financial crisis caused by the subprime mortgage crisis can not be avoided No one can save the current situation. Old Paulson can't do the same. However, he can take one of the initiators of the subprime mortgage crisis as an example. Look, these guys caused the subprime mortgage crisis, and I will punish them well! "David asked curiously, "boss, what do you think old Paulson would do?""What will you do? It's not easy! One is to be merged, the other is to go bankrupt directly! If you don't do so, it's not enough to build prestige and peaceful public anger." Yang Jing said expressionless."Boss, who do you think old Paulson will do to? Goldman Sachs? Citigroup? * * * * or Morgan Stanley?" David asked curiously.Yang Jing shook her head and said, "Goldman Sachs should not be possible. After all, old Paulson came out of Goldman Sachs. Although Goldman Sachs has contributed a lot to the subprime mortgage crisis, I don't think old Paulson will do anything to Goldman Sachs."After a pause, Yang Jing continued: "as for Citi and Morgan, even if old Paulson wants to fight them, he doesn't have the courage. Whether Citi or Morgan, old Paulson can't move. He doesn't have that energy."This is not what Yang jingluan said. Whether it's Citigroup or Morgan, let alone Paulson Sr., even if George W. Bush and George W. Bush stack up, they dare not move! Are you really kidding when you are the top ten consortia in the United States? In particular, Morgan and Citigroup are deep-rooted old consortia. Let alone a small finance minister, even the president of the United States can be easily replaced!Who dares to fight against Citigroup and Morgan department, it's like a mouse being a companion to a cat!Henry nodded and said, "what the boss said is very reasonable. Boss, can old Paulson only do it to those investment banks that have no foundation?""I guess Merrill Lynch and Lehman Brothers may be the targets of old Paulson."Cesar asked, "boss, can't a new century financial company satisfy old Paulson? After all, it's the second largest subprime mortgage company in the United States."Yang Jing shook her head and said, "a new century financial company is not enough. Old Paulson is bound to win an investment bank with enough weight."Several people were silent after listening."In fact, this has been reflected in Bear Stearns." Yang Jing continued to explain looking at several silent subordinates. "Bear Stearns itself is the fifth largest investment bank in the United States, but in March this year, this investment bank with a scale of more than $100 billion was acquired by * * * * at a price of $236 million, which was the result of old Paulson Liwei!"Henry, they were thrilled.Although the scale of the new century financial company that closed down last year is not small, there is still a huge gap compared with Bear Stearns. But Bear Stearns, an investment bank with a scale of $100 billion, was purchased by * * * * at a price of $2 per share, a total of $236 million, which would have never been imagined before. You know, one month before Bear Stearns was acquired, Bear Stearns's share price was still more than 90 US dollars!But it happened that such a wonderful thing happened, and the Ministry of Finance ignored it. It should be said that there was no old Paulson's instruction. Who's his sister's letter.Henry nodded and said, "the boss is right. Now there are Merrill Lynch and Lehman Brothers. It depends on which of the two investment banks is faster. However, I am more optimistic about Merrill Lynch, as for Lehman Brothers..." Henry shook his head and didn't speak again.Cesar also nodded and said, "now Merrill Lynch and Bank of America are in a hot relationship. I think Merrill Lynch is likely to sell itself to Bank of America to avoid the tragic fate of Bear Stearns. As for Lehman Brothers, I'm afraid there is really no offer."Cesar's guess is actually very accurate. Others don't know these things, but Yang Jing, who shuttles back from the future, knows what happened at this key node.When the subprime mortgage crisis broke out to a high tide, Merrill Lynch took the initiative to attack decisively, even if it sold itself cheaply, but people somehow kept Merrill Lynch's sign.If nothing unexpected happens, Merrill Lynch will reach an agreement with Bank of America in a month and sell itself to Bank of America at a price of one-third of Merrill Lynch's market value a year ago, that is, US $44 billion.At that time, Lehman Brothers, the world's No. 1 investment bank, went bankrupt because no one took the offer.Between Merrill Lynch and Lehman Brothers, Merrill Lynch was the last to laugh, while Lehman Brothers, which has a history of 100 years, ended in bankruptcy.Lehman Brothers is really the most unlucky investment bank brought by old Paulson.Although Merrill Lynch has not been acquired by Bank of America and Lehman Brothers has not gone bankrupt, Yang Jing knows all this.PS: bow and thank "book friend 160522142809662" for 100 rewards.
