Media Tycoon since 1999

Chapter 505
New York, Goldman Sachs headquarters, William Butler, the managing director of the securities department, hurried to the airport with a gloomy expression on his face.

Although Butler was bearish on the subprime mortgage market early in the morning, he never expected that after the meeting with Qin Xianglin on August 8, in just 5 days, the subprime mortgage crisis would rapidly deteriorate to such an extent.

Now, Wall Street can't hold back the lid anymore, and some big institutions have already started to rush away.

Fortunately, during this time, the Titan Fund still has chips.

Even if the asking price is 50 billion US dollars, Goldman Sachs must grab these short contracts.

At 7 o'clock in the evening, Butler's plane arrived at San Francisco International Airport. Accompanied by Chen Lan and Wu Fei, Qin Xianglin picked up the guests at the airport and rushed back to the Hilton Hotel.

Chen Lan also helped book Butler's room.

Butler was anxious to discuss business, but Gao Yang asked Chen Lan to prepare a sumptuous dinner.

After dinner, it was almost 9 o'clock in the evening, Gao Yang, Qin Xianglin, Chen Lan, Wu Fei, and Lin Yunjiao.

Five people sat in a conference room in the rented hotel, closed the door, and formally negotiated with Butler.

Tonight, Gao Yang personally came forward to lead the negotiation on behalf of the Titan Fund.

As soon as he sat down, Butler took the initiative to say: "Mr. Gao, ten days ago, Dr. Qin represented the Titan Fund's offer of 50 billion US dollars. According to the current market situation, Goldman Sachs can accept it."

After Chen Lan translated, Gao Yang smiled slightly: "Mr. Butler, 50 billion US dollars is only our lowest quotation on August 8. Now that the market situation has changed dramatically, our quotation has to be changed. The minimum requirement is 5% off the face value. .”

Butler looked stunned: "You're a sucker, this is 74 billion US dollars! Mr. Gao, this is absolutely impossible. No institution on Wall Street can accept such a high quotation, and no institution can use such a large amount of cash."

When Gao Yang quoted the price, not only Butler was shocked, but Qin Xianglin and others were also secretly surprised.

Gao Yang not only waited for Goldman Sachs to come to the door in San Francisco, but also raised the price on the ground, adding 24 billion US dollars as soon as he opened his mouth.

Gao Yang still smiled slightly: "Mr. Butler, $74 billion sounds like a lot of money.

It’s just that you must understand that the 240 swap contracts held by Titan Fund, as long as we are willing to go to Wall Street to sell them, will be snatched up by major institutions within a week.

Even, we can also contact buyers in Europe, and the result is the same.

We Chinese people pay attention to human relations. Professor Qin and Mr. Butler are old friends for many years. He recommended Goldman Sachs to us, so we had the chance to sit down and discuss this deal seriously. "

Butler frowned slightly, and suddenly asked: "Gentlemen and ladies, do you mind if I smoke a cigarette?"

Chen Lan smiled slightly: "Mr. Butler, please go ahead. Smoking is allowed in this meeting room, and we don't mind."

Lin Yunjiao got up quickly and found three ashtrays.

Butler took out a box of cigars from his purse and signaled to Gao Yang, Qin Xianglin and Wu Fei that Gao Yang said they would not smoke cigars.

Butler lit a cigar, took two puffs, and said, "Mr. Gao, I represent Goldman Sachs and come here with the greatest sincerity. The US$74 billion is really too high, and the profit margin left for us is too small.

The subprime mortgage crisis is evolving rapidly, and no one can predict how the financial market will be turbulent in the future, perhaps...

No, I think yes, there must be financial institutions going bankrupt in this crisis.

You are currently holding BB and BBB swap contracts with a face value of 25 billion US dollars, which is actually quite risky.

Goldman Sachs can add another 5 million US dollars to 55 billion US dollars. This is our greatest sincerity. "

Gao Yang said: "Mr. Butler, in order to show the sincerity of the Titan Fund, we can give up 4 million US dollars, and the overall quotation is 70 billion US dollars.

With Goldman Sachs' position on Wall Street, I believe that Mr. Butler knows better than us that the US government will continue to rescue the market. The financial turmoil caused by subprime bonds is just another profit distribution. Large institutions are going bankrupt very unlikely.

If the swap contracts we held were really risky, Mr. Butler would not have come to negotiate the deal himself. "

Butler took another puff of cigarette: "Mr. Gao, 58 billion US dollars, this is my highest authority."

Gao Yang shook his head and smiled: "Mr. Butler, let's make another concession, 68 billion US dollars."

Butler was silent for a moment, then sighed:
"Mr. Gao, we don't have to go around the bush anymore.

Please directly quote the lowest quotation that Goldman Sachs can accept.

If the quotation of Titan Fund is too high, even Goldman Sachs can only give up. "

Gao Yang didn't intend to smoke here at first, so he also took a soft cigarette at this time, lit it up and took a couple of puffs, thought for a while, and replied:

"Mr. Butler, in terms of the friendship between Professor Qin and you, the Titan Fund can take another big step forward, 62 billion US dollars, which is also the final offer.

If Goldman Sachs doesn't want to accept it, then I'm really sorry, we have to find another buyer. "

Butler thought about it: "Mr. Gao, 60 billion US dollars, maybe I can ask the board of directors to accept this offer."

Gao Yang shook his head and said, "Sorry, Mr. Butler, 62 billion US dollars is already our biggest concession, and it cannot be lowered."

Butler took a few more puffs of cigarettes, then suddenly extinguished the cigarette butt, stood up and said, "Mr. Gao, please wait a moment, I need to communicate..."

Butler picked up his phone and walked out of the conference room.

Gao Yang whispered to Qin Xianglin who was beside him: "Professor Qin, with the scale of Goldman Sachs and a transaction of more than 60 billion US dollars, does Mr. Butler still need to apply to the board of directors?"

Qin Xianglin smiled slightly: "He should have this authority, it's just for show."

Later, Butler came back and stretched out a big hand to Gao Yang: "Mr. Gao, Goldman Sachs can accept US$62 billion."

Gao Yang stretched out his hand, shook it enthusiastically, and said with a smile, "Mr. Butler, it's a pleasant cooperation. The only requirement of Titan Fund is that Goldman Sachs should not disclose this transaction. We need to sign a non-disclosure agreement."

Butler said: "No problem, Mr. Gao's request is very reasonable."

Qin Xianglin smiled and said, "William, it's time for us to have a drink."

Butler smiled: "Yes, you should have a drink, gentlemen and ladies, I treat you."

Butler invited everyone to the luxury business suite where he lived, asked Gao Yang and others to order wine, and then asked the hotel bar to deliver the wine to the door.

Everyone drank wine together and agreed that Chen Lan and Wu Fei would accompany Butler to the Goldman Sachs headquarters to complete the deal tomorrow.

Butler was holding a wine glass, and after clinking glasses with Gao Yang, he sighed: "Mr. Gao, you are very smart and very patient. The US$62 billion has greatly exceeded Goldman Sachs' expectations. We don't have much room for profit."

After Chen Lan translated, Gao Yang smiled slightly: "Mr. Butler, there is no need to be modest. Goldman Sachs will have at least a profit margin of 60 billion U.S. dollars in accepting this batch of contracts."

Butler was surprised: "Why does Mr. Gao have such a judgment?"

Gao Yang said: "For this batch of contracts, the face value of AA-level swaps is 160 billion US dollars.

Now, the real subprime mortgage crisis has just begun. Next, the Federal Reserve, Wall Street and the market, including the European Central Bank, will inevitably have many games among interested parties.

AA-rated bonds have not collapsed yet, and US stocks have not collapsed, so the financial turmoil sweeping the world may not be able to end today next year.

With the strength and status of Goldman Sachs, the 185 billion US dollars of swap share, when the right time comes, even if it is sold at a discount of 6.5%, allowing those institutions that have suffered heavy losses to fill the hole or reduce losses, it is worth 120 billion US dollars.

At that time, I think, Mr. Butler's personal performance dividends, I'm afraid it will not be less than 10 billion US dollars? "

Butler smiled brightly, and raised his thumb towards Gao Yang: "Mr. Gao, you are really a genius!"

Next to them, Qin Xianglin heard the conversation between the two, and was quite impressed.

Still young people are more ruthless.

This time, Gao Yang waited for the best opportunity to let a big man from Goldman Sachs like Butler take the initiative to come to negotiate a deal.

With a giant like Goldman Sachs standing in front of it, the Titan Fund earned $60 billion in half a year without any risk.

Qin Xianglin originally thought that if Gao Yang waited until the present time to make a move, these swap contracts could be sold for 55 billion US dollars, but he did not expect that Goldman Sachs could only accept the final sale of 62 billion US dollars.

The result of tonight's negotiation also made Chen Lan and Wu Fei ecstatic, but in just 10 days, they made an extra 22 billion US dollars.

It was so terrifying.

This small reception ended at 11 o'clock at night, Gao Yang went back to his room, took a shower, and began to sleep soundly.

Lin Yunjiao returned to the room, Yang Ming was sitting on the bedside reading a book, still not asleep.

Lin Yunjiao walked over, and suddenly hugged Yang Ming and kissed:
"Mingming, Mr. Gao is amazing, I admire him so much, you know, just now Mr. Gao personally negotiated with Goldman Sachs, what kind of swap contract was sold for 62 billion US dollars!"

"My God, 62 billion US dollars!"

Yang Ming shook his hand, and the "Actor's Self-cultivation" fell to the ground with a thud.

Seeing Lin Yunjiao's excited face, Yang Ming suddenly asked with a smile: "Sister Yunjiao, Mr. Gao is so powerful, you worship him so much, can't it be because you like him?"

Lin Yunjiao glanced at Yang Ming, and giggled: "Mr. Gao has a wife, I'm stupid, how could I imagine such a thing.

I'm just glad that I joined the 51 Group, and I can still work beside Mr. Gao and learn a lot from him. "

Yang Ming smiled slightly: "Yunjiao, it's late, it's time to rest, and I have to go for a run with Mr. Gao tomorrow morning..."

(End of this chapter)