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Chapter 508 The bigger the storm, the more expensive the fish (4k)(1/2)

 It is not enough for the "Iron Man" movie to have Iron Man's IP. The "Black Widow" and "Nick Fury" who appear must also be authorized by Marvel.

However, Lu Fei did not immediately "buy, buy, buy". After all, the project had not yet been finalized, and the script had not even been finalized. It must not be exposed to alert others and alert Marvel Studios.

So he found another way and approached Merrill Lynch on the grounds of the subprime loans of the Trisolaris Fund.

Because Marvel mortgaged 10 superhero IPs including Thor, Captain America, Black Widow, and Nick Fury to Merrill Lynch.

"Citigroup, Lehman, Bear Stearns, UBS..."

As CEO, Stan O'Neill looked at the collateralized loan bond market ranking list. Merrill Lynch was only ranked 7th on the list, and he couldn't help but get angry:

"Fake, what the hell are you doing! What I want is for you to use your brains to be in the top five, not your mouth. What grade is Greenwich? Is the size of the subprime mortgage similar to ours at Merrill Lynch?"

"Stan, I have long suggested that we buy our own lending company. Which one of the top five subprime mortgage companies is not there? Last month, Bear Stearns swallowed up Encore Credit's subprime mortgage business, and Citigroup also launched an online P2P

The business has reached 1 billion."

Michael Bloom sounded emphatic, emphasizing that subprime mortgages and P2P lending are simply golden chickens that lay golden eggs.

"I firmly oppose it!"

John Anguru frowned, "Have you all forgotten the reputation of First United and Lehman's 'predatory loans' back then?"

"Childish! Despite its bad reputation, the most important thing now is to revitalize Merrill Lynch and return it to its original position."

Stan O'Neal sneered. He came to the position during the dot-com bubble collapse. Only by bringing Merrill Lynch out of the trough, the bonuses for professional managers will be more generous as it reaches the top.

His order was simple: Merrill Lynch wanted to be the leader in subprime mortgages!

"If you must get this market, you must do it at all costs. The first thing is to poach people. The competition for circulation is nothing more than the competition among star traders."

Michael Blum puts it bluntly: “The top five investment banks all have their signature traders, Lehman has Tim Fitzpatrick and Matt Miller, Bear Stearns has Mike Nirenberg and Jeff

·Weschlesser, we also need Merrill Lynch’s ace trader.”

"Hey, be careful what you say! Although I don't have any star traders, my overall business competitiveness is no worse than any of the top five subprime mortgage companies."

John Anguru glared back.

"Is that almost enough? What I want is transcendence!"

Stan O'Neal became more and more dissatisfied. He ruthlessly removed John Anguru, who was in charge of subprime mortgages, and replaced him with Michael Bloom. At the same time, he pointed his hand at the door: "You, get out!"

When Michael Bloom saw John Anguru, who was like a bereft dog, he gloated over his misfortune, suppressing his laughter and said: "Stan, thank you, I will follow you to fight Merrill Lynch's subprime mortgage war..."

Just when he was expressing his loyalty, the secretary knocked on the door suddenly, reminding him that the appointment time was up and Lu Fei and his party had already arrived at the company.

"Michael, we must take this order!"

Stan O'Neill's tone was full of imperativeness: "Do you understand what I mean?"

Michael Bloom did not expect that the first test of taking office would come so quickly. This time Lu Fei wanted to sell high-quality subprime mortgages with ratings of 3A and 2A for US$350 million.

1.7 billion new COD.

It is equivalent to mixing 50% fresh and delicious fruits and 50% rotten apples, bananas and other rotten or nearly rotten fruits into a beautiful fruit platter, and sell it at a normal price or even higher than the market price. Do you think it tastes good?

At least Lu Yun from Ant Financial has to say: It smells so good!

"Hello, O'Neal."

Lu Fei led the team forward and reached out his hand proactively.

"Lu, it's nice to see you."

Stan O'Neal shook hands with him. Out of the corner of his eye, he noticed Ivanka in the army and was surprised: "I thought the youngest son of the Bullock family would come to meet and talk with you."

"Ivanka is also my right-hand man. Don't underestimate her just because she is beautiful and blond. She is not the silly blond girl in Hollywood movies. She is absolutely indispensable in this business."

Lu Fei patted Ivanka on the back.

Ivanka glanced at him with emotion, her eyes flickering, and she wanted to eat him alive if it wasn't in a public place.

"I don't mean anything else, hehe, please come in."

Stan O'Neal introduced Michael Bloom and others one by one, and then the two teams merged and formed a crowd, pouring into the conference room.

"I'm more straightforward and like to get straight to the point."

Lu Fei unbuttoned his suit, "I think Bullock has told you very clearly, O'Neal, for some reasons that everyone knows, I am planning to sell 350 million U.S. dollars in subprime mortgages, but these hot-selling items,

I’m not willing to sell at a fair price.”

“Nowadays, the market mentions USD 105,106, and Merrill Lynch usually buys it at USD 107, but considering that this batch of high-quality goods is a mixture of 2A and 3A, we are willing to pay USD 109.”

Michael Bloom looked straight at it.

"Lehman and Bear Stearns both quoted $110."

Lu Fei made a rough calculation and found that the net profit from the sale was US$31.5 million. Although the average annual return rate was 4.5%, the difference of one US dollar meant that he lost US$3.5 million in vain, which is equivalent to a Beverly Hills villa.

"But Merrill Lynch offers the most lenient repurchase conditions."

Michael Bloom glanced at Stan O'Neill and confidently said that generally institutions have 90-day buyback clauses.

After all, the Wolf of Wall Street is not a husky. What if the thunder explodes as soon as it reaches your hand?

Therefore, there are preset conditions. If the loan sold is delayed in payment or the principal is defaulted within 90 days, the seller must redeem the loan at the original price. However, if something happens to the loan pool after 91 days, it will not matter.

.

Merrill Lynch's advantage is that it changed the 90 days to 60 days.

"I don't seem to have any reason to refuse."

Lu Fei shrugged, "But I have a small condition."

"You said." Stan O'Neill said.

Lu Fei said: "I don't want all the $31.5 million in cash. I want to use it to buy the superhero IP that Marvel has pledged to you."

"Lu, do you want us to transfer the mortgage rights to Trisolaris?"

Stan O'Neill was surprised and felt that there was fraud.

Michael Blum whispered in his ear: "Lu is a collector of Marvel superheroes. He spent a lot of money to buy the copyright of Iron Man. Stan, I think there is nothing wrong with it. This is a good deal. We can save tens of millions."

of cash.”

"Lu, why do you care so much about Marvel's IP?"

Stan O'Neal crossed his arms, still feeling something was wrong.

"This involves a secret project. If you can promise God that you can keep it secret, I can tell you."

When Lu Fei saw him nodding solemnly, he wrote "Ivanka wants to make a Marvel movie" on the note and handed it over.

Stan O'Neal opened it and looked at Ivanka on the left and Mr. Lu on the right in surprise, and suddenly understood -

Damn it, you spend so much money trying to pick up girls!

Thinking about Ivanka's father again, he instantly dispelled his worries: "I have no problem, but Lu, I want to remind you that the creditor has no right to use the mortgage during the mortgage period. Even if you get the mortgage right, you can't use it.

"

"I understand this."

The corners of Lu Fei's mouth turned up, "So I need the help of Merrill Lynch to work together with Marvel and license the IP she wants to Han and Tang. We don't want much, one or two will be enough."

Stan O'Neal and Michael Bloom looked at each other, then unanimously turned their attention to Ivanka. She was expressionless, but she always looked at Lu Fei with affection.

"Is it difficult to do?"

Lu Fei noticed that they were scrutinizing, and worried that Ivanka's poor acting skills would be seen through by the old foxes, he knocked on the table hard, drawing the attention of everyone present:

"O'Neal, the reason why I didn't go to the top five subprime mortgage institutions and chose you is because Merrill Lynch has the IP of Marvel Comics. As for 90 days or 60 days, it is not the most important."

"calm down."

Stan O'Neal glanced at him and said, "Find out the detailed list of Marvel's collateral and let them choose." He looked at Lu Fei and Ivanka, "Marvel took 525 million US dollars from us, Lu,

US$31.5 million may only be enough to buy an IP, or it may not be enough, such as Captain America.”

"If it exceeds, I will make up the difference."

Lu Fei performed the whole show, grabbed Ivanka's hand in public, played with it like a toy, and couldn't put it down.

After a while, a pile of collateral lists appeared in front of me.

Ivanka landed on [Black Widow] on the list at first glance, and it clearly said:

Marvel's B-level heroes, superheroes without superpowers.

The commercial value assessment is C+ for the following reasons: a female agent character often seen in spy movies cannot support magnificent battle scenes with various dazzling special effects... Superhero movies with female protagonists are risky, refer to Halle Berry's "Cats"

female"……

The final price of the collateral was $18 million.

After looking through the 10 collaterals one by one, she pulled out two forms and said, "Just her, and this Nick Fury (Director of S.H.I.E.L.D.)."

"are you sure?"

Lu Fei glanced at it and saw that he still had 1.5 million US dollars left.
To be continued...
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