sinovels Chapter 554 Why Save Aig But Not Lehman?
Chapter 554 Why Save Aig But Not Lehman?
"The final stage of the company's stock repurchase plan can begin. We just take advantage of Lehman's explosion to invest all the last 1 billion meters of gold!"
Finally, Lu Yi added: "By the way, the acquisition of Marvel some time ago cost 2.2 billion gold, of which 800 million gold was a cash transaction, and the remaining 1.4 billion gold was all used to repurchase the company's shares. .”
Isn't this a once-in-a-lifetime opportunity to repurchase the company's stock a good thing?
In fact, Lu Yi originally wanted to concentrate all the 3 billion gold repurchase funds during this period.
But in the end, after thinking about it, I still didn’t do it.
after all.
A one-time repurchase of 3 billion meters of stock will definitely cause huge fluctuations in the company's stock price.
And retail investors will never sit back and watch, and will definitely rush to raise funds crazily.
At that time.
No one is selling, which may lead to the bankruptcy of the repurchase plan.
Even the best outcome is to repurchase it at a high price.
Although the repurchase price in the first two repurchase stages was not as low as it is now, it was also a relative bottom price.
You can't be too greedy.
Going too far and not doing enough may result in all efforts being made in vain.
"The past week, global stock markets can be described as a black week."
“Since Lehman declared bankruptcy on September 15, the shock wave has directly swept across the world. On the Asia-Pacific side, the island countries, Xiangjiang, Baodao, and Hanguo all fell by more than 5% on the 16th.
"The Australian stock market also suffered an earthquake. The Australian dollar opened weaker on the 16th and the stock market closed down more than 1.5%."
"In the long run, the biggest impact of Lehman Brothers' bankruptcy on the world is that it further weakens people's confidence in the market and the future."
Lu Qi said in a very negative tone about the future economy.
"According to rumors, the four major domestic banks also suffered heavy losses due to the collapse of Lei Fu."
"First, it was revealed on the 16th that the New York Branch of Long Bank provided an unsecured loan of 50 million yuan to Lehman Brothers; on the 17th, China Merchants Bank announced that the bank held a total exposure of 70 million yuan in bonds issued by Lehman Brothers; Later, CCB also reported that its holdings were higher than those of Chinese banks that have disclosed relevant information so far. As soon as the news came out
CCB's shares plummeted 7.51% that day.
"Although the rating agency Fitch said that the direct impact of Lehman's bankruptcy on Chinese-funded institutions was limited, industry insiders generally believe that Lehman's bankruptcy has sharply increased the risk of market uncertainty.
The market has deteriorated beyond expectations. "
Lan Lan also spoke.
As core executives, although Lehman Brothers went bankrupt and they had nothing to do with it, they must be aware of this information.
Yu Jun wondered: "I have read many foreign news reports that starting from September 12, North American Finance Minister Paulson and Federal Reserve Chief Bernanke convened a meeting of Wall Street's capital giants to discuss the fate of Lehman Brothers. In the end, no one was willing to take action, and even the North American government chose to sit on the sidelines, which is really confusing."
Lin Qingya said: "A classmate of mine who works on Wall Street revealed to me that the main reason is that the bad debts of Lehman Brothers are too high. The initially estimated bad debt assets were 30 billion meters, but after the audit, it was suddenly increased to 80 billion gold. If anyone takes action, it is very likely that not only Lehman Brothers will not be able to be saved, but they themselves will be involved."
"At the same time, Lehman Brothers has huge debts. Even if it buys it at its market value, it will still have to pay higher debt repayments."
“When Lehman Brothers filed for bankruptcy protection, its total debt was as high as 613 billion yuan!”
“This was also a major factor in why Barclays and Bank of America gave up their takeovers and took over Lehman Brothers.
"Because if there is no movement at all, whoever takes over will be "drowned" in the torrent of history and unable to breathe, or even cause a greater chain reaction.
"Coupled with the sharp decline in the market value of Lehman Brothers, there are many problems. It can be said that it is a 'thunder' waiting to explode."
Everyone's pupils shrank when they heard this.
Good guy.
A bad debt of 80 billion meters is equivalent to a future group today!
The total debt is as high as 613 billion meters of gold...
Oh dear, this is equivalent to 8 future groups!
A senior executive said: "Even if Wall Street competitors did not take action, why did the North American government stand idly by? The most important thing is that on the day after Lehman declared bankruptcy, AIG (North American International Group), which was also in trouble, obtained Received emergency assistance of up to 85 billion meters from the North American government."
This question immediately stunned everyone present.
yes.
The North American government announced that it would not rescue Lehman Brothers, but on the day after Lehman Brothers announced its collapse, it assisted AIG with 85 billion yuan] This...
"There are many reasons why the North American government saved AIG but not Lehman Brothers."
"It is easy to understand why large institutions are not saved but small financial institutions, because the North American government's money is paid by taxpayers, and small financial institutions are private enterprises. The government cannot use taxpayers' money to pay for the mistakes of private enterprises."
0…Please give me flowers…
“But those giants are too big to fail.
"In particular, the collapse of giant companies like Fannie Mae and Freddie Mac and AIG will seriously shake the foundation of the North American economy and society, causing North American society to fall into an uncontrollable chaos."
"We can see that Lehman's financial and economic impact on the North American economy is far from comparable to that of Fannie Mae, Fannie Mae and AIG. It is not decisive for North America, so Lehman can be saved or not."
"Secondly, Lehman's bankruptcy is in the interest of North America."
“When Lehman collapsed, its holdings of subprime mortgage financial products amounted to more than 11% of the total subprime mortgage products in North America. Moreover, Lehman Brothers issued a large number of Lehman mini-bonds in Hong Kong from 2006 to 2007 for HKD 14 billion, accounting for 14% of the total issued by investment banks. 40% of the total amount.
-...0
"Holding so many subprime mortgage products and owing so much money around the world, Lehman's collapse is undoubtedly the result of investors around the world paying for the subprime mortgage crisis in North America and shifting part of the asset crisis in North America away from the market."
"The North American official said that they would not save Lehman Brothers because Lehman Brothers failed to live up to their expectations and missed the best opportunity to save themselves. Not to save Lehman is not only a punishment for Lehman by the North American government, but also a warning to other Wall Street companies - Don't think that if something goes wrong, the government will come to take care of it.
"Actually, the main reason can be summarized in one sentence."
"Most of Lehman Brothers' debts are foreign, while AIG's debts are all domestic. Foreign money is used to rescue domestic subprime mortgage lenders, allowing foreign investors to return their money, while domestic subprime mortgage lenders are safe and sound. .”
"In this way, we pass on the crisis and at the same time stabilize the country, killing two birds with one stone!"
"Lehman was a bomb thrown by North America to the world, thereby transferring the financial crisis to the world, causing a large-scale global flow of overseas rice gold back to North America, wiping out a large number of overseas foreign exchange reserves in order to maintain its gold mining hegemony."
"During the crisis, stocks fell, houses fell, and oil fell... These are just appearances. The essence is a large-scale withdrawal of rice gold from North America. Falling asset prices have always been just a by-product of the process of currency annihilation. That’s all.”
After listening to Lu Yi's analysis, everyone present suddenly understood.
That’s so!
I have to say, North America is really bad!
There was a problem in my own family, but the result was that the whole world paid for it without telling me, and at the same time, I consolidated my hegemony!