LATEST UPDATES

American Fortune Life - Chapter 1005

Published at 7th of November 2021 08:22:43 AM


Chapter 1005: 1005

If audio player doesn't work, press Stop then Play button again




Maybe some people will find it funny. Why does Andy Smith threaten a finance minister and his chief of staff? Is not he threatening a bank with bankruptcy?

Take over directly and keep the Fed's blood transfusion alive. The threat is a little naive...

Why are you afraid of the collapse of any crisis ridden bank, and why so many banks fail, and they are not sold to others as cheaply as Bear Stearns?

The subprime crisis, which lasted for a year, is a huge black hole in itself. One after another, it's so complicated that even the people in the whirlpool don't know the details. How much is the loss caused by the subprime crisis?

How many investment banks and financial institutions have bought subprime derivatives?

How does the subprime crisis affect the global economy?

How can the US smooth the subprime crisis?

When can the subprime crisis reach the bottom?

These questions are not only unclear to the U.S. government, but also to the wall street, which has created the subprime mortgage crisis. It is more difficult for ordinary people to find the exact answer.

This is the horror of the subprime crisis. The unknown is the most terrible!

As Geithner, who is now chairman of the Federal Reserve and later the Treasury Secretary of Oklahoma, recalls.

"I don't know how to describe those horrible days, the feeling of facing the crisis, the combination of excessive responsibility and numbness to the financial catastrophe.

The frustration of being unable to control the situation and the uncertainty of the rescue method.

The fear that a good strategy can be different.

Pain and guilt, loneliness and numbness. "

。。。。。。

No one wants to take risks, because of recklessness and open the black hole, because the black hole will devour everything, whether good or bad.

And Andy Smith knows the coordinates of the black hole and what conditions it needs to open it.

The problem is, people don't know. Watching him recklessly and recklessly rush to kill and hold money, they are all careful not to step on the thunder and be killed. Suddenly, there comes such a master. In other words, who should put down such a psycho first, and don't kill everyone!

Andy never thinks that he has taken advantage of these banks. To put it more clearly, many people are eager to take over these banks that have failed or entered bankruptcy protection.

During the economic crisis, most of the American banks went bankrupt. After being taken over by the government, they were sold cheaply after the crisis. No one knows how many people took advantage of it.

But the real bank tycoons like Bank of America can't see these. Their eyes are only commercial investment banks like Merrill Lynch and Mg Stanley.

On the other hand, the U.S. government is also willing to take over with people like Andy who have good personal credit and huge assets. After all, the most serious damage to savings banks is the ordinary people, the middle class.

Of course, the only thing that's hard to accept is that Andy wants to pay nothing. He needs the guarantee of the Ministry of finance to borrow money and even interest, and uses the ultra-low price package to annex these banks...

If we really get out of the financial crisis, let him integrate and get rid of the huge burden of loss and debt, we will definitely become a new large American bank.

However, because of Bear Stearns, the Treasury and the Federal Reserve have set a precedent for this kind of acquisition, coupled with the amount of Andy's personal assets, this kind of acquisition seems to have no reason to refuse.

"We can consider the conditions, but we also have conditions. We need your permission!" Hamilton didn't go to see the memorandum of understanding on the table. Although this kind of thing doesn't have legal constraints, some people don't need to get their own justice through the law. As long as they have something to prove, we have seen, said, understood, reached a consensus, and cooperated verbally, that's enough.

"Let's listen to..." Andy knows that things are not so simple. The trade is never one-sided. The threat is very destructive to those who cannot see the future. At the same time, because of the unknown, the other side will choose not to compromise.

"In the short term, don't use your influence and funds to speculate on gold futures again. Ruan is increasing commodity prices and pushing up bond yields. We really don't want the dollar to fall again this time!" Hamilton said the first condition with a helpless expression on his face.

"Ha, why did you call me behind? By the way, golden barbarian, right? Ha ha, yes, in the short term

There was a wry smile on Andy's face, and the Wall Street Journal once wrote a report that called gold "the vestige of barbarism.". He's Andy Smith, a new generation of golden barbarians.

What to say, now, the "golden barbarian" is pounding the door of the Federal Reserve, claiming that the dollar is the victim of the past liquidity surplus and loose monetary policy.

"Two shots... Don't rush to refuse. We will never force you to invest anything. You can choose to refuse to invest until you have a project you are willing to invest in.

But we hope you can do it twice, just like Warren Buffett. After all, you both have huge amounts of cash in your hands. Other people can't borrow money in this kind of crisis, and you are exactly the one the bank wants to lend you. The crisis is accompanied by opportunities. I don't need to say that. If there is no problem... "Hamilton said, reaching for the memorandum of understanding on the table and laughing: "I will take it back and return the signed one. After all, I am just a chief of staff."

"Yes!" Andy's eyes flashed a bright light after he pondered. He agreed and shook Hamilton's hand.

"Happy cooperation!"

"Thank you for your cooperation!"

"Well, after the business talk, I'll talk about some personal matters. My invitation before was not a joke. Al introduced you to me. He never praised a person like that. After Paulson left office, you will never return to Goldman Sachs. How about coming to help me?" Andy, with a sincere smile on his face, asked solemnly.

"Ha ha, thank you for your attention, but you already have al. It's impossible to build another think tank." Hamilton also has a bright eye. He thought he was joking before, but when he was mentioned again, he had to think about it carefully.

"No, no, a think tank is enough. How about the new chief executive officer and CEO of IndyMac bank?" Andy's eyes glowed at each other.

Hamilton's pupil slightly shrinks, looks at Andy with a dignified expression, then looks down and says, "I'll think about it seriously!"

"Well, I'm waiting for your good news. I hope I can work together in the future. Believe me, it's easier to use your talents to work here than Goldman Sachs, which has been fighting inside for a long time!"

Hamilton said cheekily, with a wry smile: "Mr. Smith, the way you persuade people is really... Simple and direct, Goldman Sachs, ah, then I'll leave first. I'll call if I have any news. "

"Ha ha, OK, I'll wait for your good news... By the way, it's the responsibility of the government to protect the rights and interests of our American citizens. If I don't get what I want, you know, the Ministry of Commerce will definitely receive the anti-dumping adjustment report from Congress. It's also the responsibility of the government to protect the competitiveness of American enterprises, right? "

Andy and Hamilton walk out of the cabin together. Andy looks at Ivana who is coming. He says to Hamilton with a smile.

"Is that one of the conditions?" Hamilton laughed and joked.

"No, no, I said that it's the responsibility of the government. If I'm bullied, it's undoubtedly hitting the face of the United States. This kind of thing is that we're getting more and more restless. What we want to show is that our little followers do it. Do you think we should strike it hard?"

"Cough... Well, well, I'll report it and ask the Secretary of state to deal with it. " Hamilton coughed a little, but said.

"Don't underestimate this. It's a business of tens of millions of dollars a year. No.1 Blue Mountain coffee is a scarce resource in the world, which is related to a monopoly market. I'm going to set up a coffee chain in the United States after I get the high-quality supply, which is also related to the tax and employment issues... Tut Tut, you say, serious is not serious! "

Andy's tone seems easy to make fun of. Ivana smiles on her face. As a sleeper, Ivana naturally knows that her man is using benefits to increase weight.

As expected, Hamilton's expression became serious. "I will inform yuan of the state affairs with the official document of the Ministry of Finance!"

Looking at the black spots far away from the helicopter, Ivana smiled sweetly and hugged Andy's chest and waist, clinging to her arms. She said with a smile, "won?"

Andy's mouth is cocked up, with a confident smile. He lowers his head and kisses Chun. He says softly, "of course!"




Please report us if you find any errors so we can fix it asap!


COMMENTS