LATEST UPDATES

American Fortune Life - Chapter 1170

Published at 7th of November 2021 08:16:11 AM


Chapter 1170: 1170

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




When the Beijing Olympic Games is staged in full swing, the whole wall street is still shrouded in the cloud of financial crisis. The former financial giants are worrying about how to get through the financial crisis.

Although Paulson and Bernanke have stressed many times before that the current credit crisis is the most serious financial crisis since the great depression. If we don't take action as soon as possible, the market situation may further deteriorate and the consequences will be very serious. But conservatives still oppose such a huge spending plan and widespread intervention in the private market.

During the presidential election, Paulson must keep in touch with Obama and McCain, two presidential candidates, because if any of them want to oppose the measures taken by Congress, it will lead to a great crisis in the U.S. economy and the world economy.

And aoheiniu is a very concerned issue. They often communicate with Paulson and the Ministry of finance, and surprisingly support Paulson's measures. On the contrary, John McCain, who is the same party as president xiaofeixie, has the opposite principle, and he feels that these measures are not popular, so Paulson has a very difficult communication with him every time.

And the two parties are tearing even harder. If he wants a truly decisive rescue plan to come out, then Paulson must persuade everyone, which he can't do alone, and Andy's olive branch is undoubtedly on his weak side. Even if the other party wants to put people into the rescue government team, he has to agree.

As for Andy's ability to help him, he has no doubt, because at the following lunch table, old Smith gave great affirmation to his rescue work, and old Smith is undoubtedly the leader of the largest conservative force in the party.

Paulson valued Andy, a think-tank headed by the God of fire, alvette, which brought him a great surprise.

At the end of lunch, he saw alvette and said that he wanted to put the "two rooms" under the takeover process. After getting Andy's nod for confirmation, alvert gave his advice without hesitation.

"Immediately ask the FHA to send a letter to Fannie Mae and Freddie Mac, announcing that their previous report proving their capital adequacy is temporarily invalid, and the FHA will review their capital adequacy ratio..."

Listen to alvert's indifferent face, but his tone is full of cold and murderous suggestions. Paulson's eyes can't help but shine. This is undoubtedly to push the legal basis of the two rooms to the bottom. Although the means are violent, it's really appropriate for the thick skinned two rooms who want to kidnap Washington.

“。。。 Complete the semi annual review report on Fannie and Freddie in the strictest terms, analyze the capital and management defects of the two companies in detail, and point out all the places where they fail to rectify as required. Interview the current management and the board of directors to force them to agree to the takeover plan. Then, replace the current CEOs of Fannie and Freddie, take over in a comprehensive way, reduce their huge investment portfolio, and stipulate that they shall not lobby the government any more... Finally, nationalization will be completed! "

Listen to alvette full of murderous plan, Paulson is really cold in the back of his neck, cold in his heart, it's really cruel and decisive, and directly use the general trend to crush it.

At a glance, Andy Smith, who has some old gods in his mind, can't help sighing. He is really a boss of what kind of character, and has what kind of subordinates.

Paulson knew that it would take some detailed preparation, but alvetti's proposal in front of him was undoubtedly more feasible than what he, the Treasury and his staff could think of at present.

"Mr. vettler, I formally invite you to join the financial rescue working group under the White House."

Looking at Paulson's outstretched hand, alvette glanced at Andy with a smile. Andy smiled and nodded. With a faint smile on his face, he reached out and held each other's hand. "It's my pleasure!" he said

"Well, I lent it to you. Did you sign the consultation agreement with Gaia on behalf of the Ministry of finance?" Andy smiled and looked at Paulson with a smile on his face.

When Paulson heard Andy's words, he almost had an old blood spray on Andy's face. He said to Andy with tears and smiles, "can you see that little money?"

"No matter how small the mosquito is, it's also meat. Besides, some things are more reliable in black and white. What do you say?" Andy doesn't think 100000 is a small number, but more importantly, this agreement can be a shield for some things to some extent, not to be counted after autumn.

After the financial crisis, almost all the profit-making parties in this crisis have been listed in the investigation list, and will be called by the investigation team set up by Congress to complete the hearing. Even the finance minister in front of him, because Goldman Sachs made profits in this crisis, is questioned and suspected. Of course, this guy got the amnesty document from Congress and the White House early, so that's why He was criticized but not investigated. Even so, he participated in many hearings to explain some decisions. Andy, how could he not be prepared for more shield.

Paulson suddenly shook his head and smilingly took over the folder that alvette had handed him, opened it and looked at it. After confirming that it was ok, he took over the pen that Andy had handed over, sighed and brushed his name on the document.。。。。。。

Looking at Paulson's back, Andy stands in front of the big red gate of the Hai academy and smiles at the nearby al: "in the next few months, you need Washington and New York to fly back."

"It's worth participating in the decision-making, and Paulson has too much power now. If you make good use of it, you can get more benefits from the rescue, but not all the benefits will be eaten by Goldman Sachs," Al said with a smile

"Ha ha..." Andy's mouth cocked up and his face showed a smug expression. As he walked into the room, he asked badstone, who had not been talking, how was Lehman

"At present, it is ready to close down, and it will withdraw from the market step by step. This time, the trace of Goldman Sachs shorting Lehman is too obvious, and there is suspicion of market manipulation. According to the data, Lehman is already in danger. It is facing a dilemma beyond imagination. Due to the impairment of residential and commercial real estate assets, it is expected that the loss of Lehman Brothers in the third quarter will reach 3-4 billion US dollars. What's worse is that the cash flow in their hands has been exhausted. If the government doesn't do it, it will only face annexation, separation and liquidation, or bankruptcy. ”

"ha ha, wait for the government rescue?" Andy can't help chuckling and shaking his head to ask, saying: "if the two houses are taken over, do you think the ordinary people, Congress and the two parties will agree to sacrifice the interests of nashuis to carry out the rescue operation?"?

The unemployment rate is high and the economy is deteriorating. Ha ha, no politician wants to stand on the opposite side of the rising populist. It's an election year! "

Al and bud look at each other and see a little Jing Mang in each other's eyes. They follow Andy in silence and go back to the cool, simple and elegant Chinese study.

"What's the yield of this short of Lehman?" Andy sat on the ring chair of huanghuali and asked with a light smile.

"The current yield is $620 million, which is likely to fluctuate due to the gradual withdrawal."

Hearing the numbers from bardstone, Andy couldn't help chuckling: "sure enough, the financial market is the fastest way to get money. No wonder everyone is reluctant to do business and plunges into wall street."

The exclamation of the big boss made Al and bardstone laugh. Naturally, they knew that although the young boss in front of them said that, looking at his layout, they knew that his interest in Wall Street was not very big, but the favor of the more industrial boss.

"Prepare more cash. In the next few months, but the best time to pick up the cheap and maximize the benefits by taking advantage of the opportunities brought by chaos will be our next most important work. Whoever has cash in his hand will be God!" Andy smiles happily, showing his white teeth.




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


COMMENTS