America's Road To Fame Chapter 207

On March 2, the U.S. government announced that it would provide a total of $100 billion in aid to American International Group, including a $60 billion loan from the Federal Reserve and a $40 billion capital injection from the U.S. Treasury Department.

After the completion of this capital injection, the American government will hold 80% of the shares of American International Group.

This time, the conditions for the rescue of American International Group were extremely harsh. Not only did the interest on the loan be very high, but also the group was required to be nationalized. After the capital injection, the shareholding ratio should reach 80%. In the words of US Treasury Secretary Paulson:

"Because we don't want to reward a company that fails, nor do we want to encourage other companies to follow AIG's lead and take the risk of bankruptcy."

However, although American International Group was temporarily rescued, many other banks were also on the verge of bankruptcy due to the impact of the subprime mortgage crisis.

In this week, many American banks declared bankruptcy, including Washington Mutual Bank, the sixth largest commercial bank in the United States, with assets of more than 300 billion US dollars.

On Friday, the day when everyone was meeting at the New York Fed to save Lehman Brothers, Washington Mutual's credit rating was downgraded, and then a run occurred, and funds continued to drain.

On March 2, Washington Mutual had to close, becoming the largest bank failure in American history.

Affected by the subprime mortgage crisis, the credit of banks has been continuously reduced, and a run on the bank is easy to occur whenever there is trouble.

For example, Morgan Stanley, one of the only two remaining investment banks in the United States, was in a bad situation after Lehman Brothers went bankrupt and Merrill Lynch was acquired.

To make matters worse, they couldn't borrow any more money and could only watch their cash flow like water -- on Monday, March 1, they had more than $130 billion in cash reserves, but when the time came On Friday, March 5, only $55 billion was left.

So in this case, Morgan Stanley is ready to make a request to the Fed to turn into a bank holding company.

Because as an independent investment bank, it is impossible to obtain direct support from the Federal Reserve. Only after "transformation" can they, like other commercial banks, permanently obtain the right to obtain emergency loans from the Federal Reserve to tide over the difficulties.

And Goldman Sachs is also facing the same situation, although they were before. I made a little bit of money in the subprime mortgage crisis, and I also made huge profits by shorting European and Asian markets.

In general, Goldman Sachs has earned more than ten billion dollars in revenue from its own investment business during the subprime mortgage crisis.

Their problem is that in a situation like this, all the bank runs are happening and Goldman's reserves are under strain, and in order to get the funds, they are not only considering turning into a bank holding company, but are also preparing to end their operations in Europe and Asia. Short investment.

In the same way, William Chen also began to ask John Paulson to gradually close his short position in the stock market of Fund 2.

In the current situation, the recent wave of bank bankruptcy has brought the stock market into a trough again, which is also a good time to close short positions.

According to the current information, the government's quantitative easing policy is about to come. With the advent of the era of big water release, the money printing factory will not stop day and night, and a large amount of funds will be poured into the financial market, and the stock market will start to pick up.

Therefore, the second stage of the subprime mortgage crisis is coming to an end, and the third stage of quantitative easing will be ushered in. The economy is weak, and some industries are beginning to improve first, but now he cannot predict how long this stage will last.

As for the No. 3 Fund in charge of John Paulson, he was the fund manager to carry out the fund's investment operations, so William Chen would not interfere too much.

William Chen sat in Paris' elegant pink Bentley again.

Uh, I have to say, habit is really a terrible thing. He actually found that after riding this car a few times, he was no longer so resistant to the pink color of the car.

"Are you going to buy Twentieth Century Fox soon, my dear."

Paris also returned to New York not long ago. After meeting, she first gave William Chen a deep kiss, and then asked about the most sensational rumor in America during this period.

"It's still under negotiation, even if you're still competing with us."

In fact, Disney is more interested in the shares and the local sports channels of the Fox network.

Therefore, if there is no accident, William Chen should be able to buy 20th Century Fox smoothly in the end, because Disney was not so aggressive in the company's bid.

"Are we going to see Uncle Tom and his girlfriend today? We don't know when they will get married."

It seems that Paris is not particularly concerned about William Chen's acquisition of 20th Century Fox. It's just that the popularity of this matter has been too high recently, so she asked casually.

She is more concerned about Uncle Tom's gossip, but why does Paris always look at her when she talks about his marriage.

"I don't know about this either, but based on what I know about Uncle Tom, since he took the initiative to invite us to meet together today, it means that their relationship is already very stable."

William Chen seemed to be unaware of what Paris meant, and continued: "And it doesn't really need to be determined in the form of marriage. They live together like this, as long as they are happy, it is also very good."

"It's true that many people are like this now, especially at their age." Paris said with a little disappointment on her face:

"I didn't expect it to be so soon, Uncle Tom and the others have already publicly established their relationship."

"Uh... my dear, your dress is so beautiful today. Did you prepare it specially for this meeting?"

"Haha..." Paris sneered and suddenly said, "William, I haven't been on the plane since you bought it. When will you take me out to play? I've been busy with the company recently, and I feel I should take a break. ."

"Of course no problem, dear, where do you want to go? We can go anytime."

"Well...Tokyo, it doesn't seem to be suitable, Huaguo, it doesn't seem to be suitable either..."

Following Paris' words, the smile on William Chen's face became slightly embarrassed.

"What about Paris, I don't know if it's suitable or not, why don't you go to England? England seems to have a good view..."

This... William Chen secretly observed Paris' expression when he said these words, trying to see the clues.

In other words, I took Fan Bingbing to Musk's wedding, and the consequences were still revealed. She blamed herself for being too dazzling and had murdered too many reporters. Fan Bingbing, who had been by her side at that time, was also remembered and photographed together.

On the American side, it's okay, because after all, Fan Bingbing's fame here is not like she will have some passers-by after she has appeared in several Hollywood movies in the future.

Now the reporters are just curious about the identity of the Chinese beauties around Chen William. The popularity did not last for a few days, because the reporters photographed a lot of beauties around him, but Chen William would never admit it.

But it's different in China. At first, the economic and technology news media would care to report on Musk's wedding news, but the result was incredible. Someone found Fan Bing next to Chen William in the photos of foreign media. ice.

Fan Bingbing's popularity in China at this time was even greater than that of later streaming stars, so the news immediately entered the entertainment sector and caused a sensation.

Think about it and know that one is one of the most well-known actresses in China, the other is the youngest billionaire, and he is also a handsome, proper male **** of billions of girls. The scandal between these two people immediately It exploded.

At this time, Weibo had not been launched for a long time. Because of this news, the Weibo server crashed on the same day...

However, both parties were not in China at this time. William Chen had returned to the United States, while Fan Bingbing went to Paris to participate in the next fashion show.

This made the reporters eager to hear the news. Not only did some people go to Fan Bingbing's studio to interview the staff there, but some even found the office of Meta Investment Company in Yanjing to ask the confused Li Ying~www.mtlnovel.com~ What's more, there are even interviews with Boss Ma and Ivanta.

Of course, all the information received was without comment.

Even some media have sent reporters to go to the United States and Paris to interview the parties directly.

At this time, Chen William and Fan Bingbing, who knew the news, instructed the people on both sides to give answers after contacting them.

Then Fan Bingbing's studio issued an announcement:

When Ms. Fan Bingbing went to Europe due to work arrangements, she discussed the cooperation with Mr. Chen William in the UK. Regarding the photos, staff from both sides were also present at the time, but they did not appear in the mirror.

Ms. Fan Bingbing and Mr. Chen William are friends and partners. I hope the media will not speculate too much on the relationship between the two. If there are false reports, they will be held legally responsible.

In an interview with reporters, Li Ying also said: Chen William will indeed cooperate with Ms. Fan Bingbing, because he is optimistic about the reputation of the other party in China, so he will invest in Fan Bingbing's studio. As for the specific cooperation details and The investment amount and shareholding ratio are temporarily unavailable.

Facing the reporter's questioning, Li Yingdu said lightly that it is not convenient to disclose more now, and there will be special disclosures later.

At this time, the thought in her mind was: You still ask me, I don't know yet. The boss just told himself that he would invest in Fan Bingbing's studio through Huaxia Future Capital, and asked himself to go to Huace Film and Television Company to discuss the investment with the other party's staff. As for the investment method of Fan Bingbing's studio, Let's talk about it later...

Hearing this strange request, what can I do? I am confused too!

Chapter end

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