Chapter 554: Making money in tears
In fact, now, Fan Bingbing no longer needs to be an actor as his career as before.
Because in fact, Fan Bingbing has now become a capital. Not only after she gave birth to the child, Barron has transferred the 15% of Huayi Company shares he held through Rich23 Capital to Fan Bing. Bing, and Tianhe Capital itself was registered in China as Fan Bingbing - although she is not the actual control of this company, Fan Bingbing still has a strong say in Tianhe TV Investment.
The reason why he will also participate in "Succession" and the subsequent "007: Quantum of Solace" is also to increase Fan Bingbing's international reputation.
It can be said that she is no longer on the same level as those ordinary celebrities.
In the future, Fan Bingbing will gradually change his role from a star to an investor and producer - similar to the transformation of Zhao Feite's side later, but at this time Fan Bingbing's background is comparable to that of Zhao Feite It's much tougher, and she won't use such low capital operation methods as hers.
Fan Bingbing herself does a very good job in dealing with people, or in other words, she has a high emotional intelligence - this is how she handled her relationship with the media very well from the original time and space, even for some reasons. After being banned, almost no one in the circle tried to hurt her. On the contrary, many people owed her favors, and she eventually became a resource for her younger brother. It can also be seen that she did a good job in dealing with others.
Even the host who detonated the incident once said frankly that he was mainly focusing on his grievances with Feng Pants and the parties involved in the movie. Fan Bingbing was only involved, and he also admitted that she was a very special person. good.
Therefore, as Barron’s spokesperson in China, Fan Bingbing will also do what she is good at, which is to act as an “image spokesperson” to maintain some investments and relationships. As for business decisions and operations, There is no need for her to handle the matter personally, just leave it to professionals.
In general, Fan Bingbing’s role is similar to that of Ivanta from the United States. The difference is that Ivanta’s family background can give her more possibilities, and thus she will be relatively successful in her role. IC Capital assumes more responsibility.
...
On August 1, 2007, stock holders began to file the first lawsuit against Bear Stearns over the collapse of Bear Stearns' hedge funds. One of the five largest investment banks on Wall Street Bear Stearns was in trouble.
On August 8, BNP Paribas announced that it would stop withdrawals from their money market fund investors due to problems caused by the U.S. subprime mortgage crisis...
In fact, even early Although they are willing to start negotiations on the CDO betting contracts held by the Black Swan Fund, Goldman Sachs Group and Morgan Stanley still have not shown too decisiveness.
Goldman Sachs Group is doing well. They finally reached an agreement with the Black Swan Fund on August 10. By this time, their gambling agreement and Goldman Sachs Group’s book losses had reached US$2.5 billion!
The Black Swan Fund made a slight concession and agreed to settle the gambling agreement with Goldman Sachs for US$2 billion, which finally gave Goldman Sachs the opportunity to stop its losses in time.
“What I want to know is, do you still have subordinated debt insurance (CDS)? We will buy a lot of it.”
This is after the bet agreement with Goldman Sachs Group was settled. , what the other party’s senior vice president said to Phelan O’Neill, CEO of Black Swan Fund.
"We have some, but you know, these CDS now, one price a day..."
"This is not a problem, we just want to complete the transaction right away!"
It is obvious that Goldman Sachs Group’s attitude shows that after they stopped their losses in time, they have begun to turn their guns on those investment banks that sold more subprime loan obligations (CDOs) – those investment banks they once shared the same trench with. Friends...
Maybe this is wrong. In the financial field, there are no such thing as friends.
What Phelan O'Neill said is true. The price of CDS insurance bonds today is indeed one day, and there will even be a huge increase on the same day.
For example, some of their CDS insurance policies were worth 0.5% when they first bought them, but now they have risen to more than 30%...
This means that the original insurance amount they bought was A $100 million insurance policy (to insure $100 million of subprime mortgage loans) only costs $500,000, but this policy can now be purchased for 30% of $100 million, or $30 million. For sale! Of course, you may also wait until later to fully claim the US$100 million in insurance from the insurance company...
But both Phelan O'Neill and Barron understand that how many such insurance policies they hold, the total insured amount is an astronomical figure, and at the beginning, because of the real estate market In such a hot market, no one thinks that these policies have a chance to claim compensation, so the price they pay for these policies is very small compared to their total insured amount.
Even if only one-fifth of the policies in their hands, or even one-tenth even lower, can complete the claim, I am afraid that those currently large insurance companies are willing to choose bankruptcy...
So it’s really better to sell at the current 30%, or 35%... Anyway, it is a price that can make them make a lot of money. At least they can lock in the profits and invest the funds in the next round of short selling. among.
As for if you ask banks and investment banks including Goldman Sachs, Morgan Stanley and UBS, why are they willing to buy these insurance policies?
Of course, on the one hand, their power on Wall Street is enough to get enough claims from insurance companies, even if they cannot fulfill the claims 100%, because a lot of the money they lose comes from the funds they manage. This also explains something to their investors...
Of course, now it is not just Goldman Sachs or Morgan Stanley who want to buy these insurance policies. Almost all investment banks that have sold large amounts of subprime loan debt (CDO) have begun to frantically buy those CDS. , trying to make up for some losses, or run faster than others.
In the words of Phelan O'Neill, what these investment banks are doing now is like "almost desperate to buy fire insurance for a burning house"...
In the end, The Black Swan Fund received a $2 billion “betting agreement” from Goldman Sachs Group compensation, and sold a CDS insurance policy with a total compensation of US$10 billion at a value of 30%...
This also means that the Black Swan Fund received US$5 billion from Goldman Sachs Group, and what they claimed The cost paid can almost be ignored...
At the same time, Goldman Sachs Group should be lucky enough. After all, the CDS insurance policies they purchased were enough to offset their losses and even make a profit. They were not shy about offering their "sincere support" to the Black Swan Fund. friendship".
As for Morgan Stanley, their actions are even slower than Goldman Sachs.
As of August 19, that is, one week after the Black Swan Fund reached an agreement with Goldman Sachs Group and sold CDS, their gambling agreement with the Black Swan Fund had already caused them more than After a book deficit of US$4 billion...
They finally had to face reality and completed the liquidation of the gambling agreement with the Black Swan Fund at a price of US$3.5 billion...
At the same time, in order to express its friendship, the Black Swan Fund also kindly sold Morgan Stanley a CDS insurance policy with a total compensation of US$10 billion at a value of 35%...
Under the grateful gaze of Morgan Stanley, the Black Swan Fund made a tearful profit of US$7 billion.
In this way, Goldman Sachs Group, Morgan Stanley, and the Black Swan Fund have already received US$12 billion from these two companies. If this was revealed a year ago, or even half a year ago, I am afraid that No one believed it.
But even so, Goldman Sachs Group and Morgan Stanley still have the opportunity to minimize their losses from the CDS they bought and the subsequent short selling, and may even make a small profit.
So who loses?
(End of this chapter)