The China Hustle Page #2
or eight or ten reasons,
revenues 75 percent next year."
China has gone,
in the last few years,
from interesting to important.
And then it turns
into entertainment time.
Snoop Dogg, Billy Idol,
dancers,
ice sculptures,
Trojan theme night, buses,
trains, planes--
and then baijiu,
in a can.
You drank and you drank.
You ganbei,
you cheers to somebody,
and then they have
and it goes on and on and on.
what kind of a person
you were,
and some of them felt like
the more drunk you got,
the more of your natural persona
would come out.
The master of ceremonies
at these conferences
was often the bank's
stage-diving chairman,
Byron Roth.
I wanna rock and roll
All night
Get him up!
I wanna rock and roll
You know, this is a guy
who started out
in the commodities business
when he was 16 years old.
His dad had a feedlot business,
and they'd bid on cows at
auctions and stuff like that.
I mean, this is not
an unsophisticated man.
We just do things that are--
that are different.
And that's kind of
the way we are
as an investment banking firm.
For Byron Roth
and Matt and Dan,
it was time to party.
Between 2006 and 2011,
Roth hosted over a dozen
conferences and raised
billions for Chinese companies.
Byron, get over here. I want a hug.
Whoo!
Narrator:
Roth wasn't the only bank
cashing in on the China boom.
In New York, a small operator
named Rodman & Renshaw
ran investment conferences
with a slightly different feel,
centered
on the political star power
of its chairman,
General Wesley Clark.
In the Balkans, he helped
negotiate a peace
between bitter enemies
and led a multinational force
that stopped
a campaign of terror.
Wes Clark's life is simply
an American story,
but he will make
an extraordinary American president.
First I want to ask you
to just tell us who you are,
and tell me a bit
about your background.
Yeah, I'm retired general
Wes Clark.
Graduated from West Point
in 1966.
Went to Oxford, went to Vietnam,
came home on a stretcher.
Signed as a NATO
Supreme Allied Commander.
I ran for president
in 2003, 2004.
Went into investment banking.
Rodman & Renshaw
had a troubled past.
After years
of management turmoil,
they declared bankruptcy
in the late '90s.
But with a luminary
like General Clark
they'd reemerged
as a respectable-looking bank,
hosting parties
presidents,
ex-presidents, Colin Powell,
Diana Ross, Henry Kissinger.
For an hour or two,
having Henry Kissinger
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"The China Hustle" Scripts.com. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.scripts.com/script/the_china_hustle_19919>.
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