Chapter 1222: 1222
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Hang up, Paulson pinched his nose, frowned and picked up a document on the desk in front of him, and looked it up carefully again. This is a comprehensive plan to help financial institutions to divest non-performing assets.
In a moment, he and Bernanke will go to the White House to attend the meeting of the president's financial markets working group. For the second time in three days, they met with the president and asked him to support radical and unprecedented interventions in the US financial system.
The government stepped in and bought toxic assets directly from bondholders, bringing their balance sheets back to normal and maintaining credit rollovers!
The cost of $500 billion is only an estimate. Looking at the figures given by his subordinates, Paulson had a wry smile on his face at this moment. He was helpless in his heart. It can be imagined that when he submitted the plan to the Congress for discussion and approval, the old men in the Congress would definitely drown him with saliva......
After being hit by the financial wave, Wall Street now adheres to the golden principle of "no news is good news". The news that Treasury Secretary Paulson intended to set up a trust company like institution to pay for the bad debts of financial institutions was almost spread out by interested people immediately after the meeting. Then, the three major stock indexes of US stocks rebounded sharply.
Andy, who is still flying in the palace in the air, guessed that when he received the details of the White House financial markets working group meeting. The stock market soared for him, no doubt, is not willing to see, the money earned less, can be happy to call ghosts.
But the bear market is so sensitive to news. If the sensitivity is measured by "one to ten", then the sensitivity of this report is 13. But if tomorrow turns out to be a rumor, the stock market will definitely turn around.
In the current economic situation, those who suffer from the subprime crisis are happy to see that the government is finally willing to pay. Those investors also hope that the government's strong intervention can help financial institutions to divest mortgage debt, so that they can recover some losses.
In Andy's view, in a sense, what the government can do, whether it is the Treasury, the Federal Reserve or the securities and Exchange Commission, is to slow down the development of the trend. Whether it is a crazy rise or a desperate fall, what they can do is to slow down, not stop!
They know this better than anyone else. It's true that the Federal Reserve is the first one to find out the real situation among the few forces in the subprime mortgage crisis. But they have no way to stop it and dare not open the cover directly. Instead, they continue to use interest rate cuts and devaluation of the US dollar to release the pressure.
Whether 500 billion or 700 billion, they are sandbags. Is it useful to rely on some sandbags to block rivers and break embankments?
Ha ha, that's bullshit!
No bank in the world has the ability to repay all its deposits in full. They are nothing more than doing 200000 yuan with 10000 yuan. This is a reliable traditional bank.
As for those people on Wall Street, they are doing 1 trillion things with 10 billion yuan. What's their purpose?
No matter how clear it is, make money!
Make quick money, make big money, make money of all the prey you can make now!
Price? Ghosts will care. That's what we say when the storm comes!
So, in the face of the storm, the waves, confidence! Only the recovery of confidence can really contain the Galactic whirlpool of capital market recession. Otherwise, from sitting in Rolls Royce to the Federal Reserve meeting to waiting in line on the street for relief food, it will be one night!
As for the abuse of financial leverage by many people, if we give up, we can avoid another financial crisis. The question is, can we give up?
That's even more joking, because in the modern world, it's impossible to give up. In today's capital utilization cart with high driving speed, any form of braking can cause overturning and rollover!
before Fannie Mae and Freddie Mac, the US Treasury and the Fed did not discuss the US real estate market bubble, but what they all wanted was a soft landing.
Well, now it looks like it did land, but face down!
Thinking of the global stock market full of laments, Andy also regrets a lot. As ordinary investors, to be honest, they are definitely in a weak position in the capital market. All the folk stock gods and the wealth myth of the stock king are bullshit!
The so-called gain wealth, the vast majority are dreams or "temporarily arrived, fly away in a moment"! As long as you don't quit, you will never win!
Money, just like a trickle, comes from the hands of every wage earner, through the complex framework of the financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket.
Well, for Andy now, it's undoubtedly a bit of crocodile tears to produce this kind of compassionate idea. However, it's true, although it's a bit cruel.
Can't help laughing, eyes turned to the latest issue of the table, "Forbes", announced the "top 400 rich Americans list.". Bill Gates, the founder of Microsoft, defeated Warren Buffett, the "God of stocks" for $57 billion and regained the richest man's throne.When calculating the value of the rich in this ranking, the share price on August 29 is used. After all, the recent stock market turmoil, part of the rich asset shrinkage is very serious.
Buffett, chairman of Berkshire Hathaway, is second with $50 billion in assets. Laurence Ellison, founder of Oracle, is fourth with $27 billion in assets.
In March, Buffett replaced gates as the world's richest man with 62 billion dollars of personal wealth.
But since February, the price of his Berkshire Hathaway stock has fallen by 15%, and his assets have shrunk by 12 billion dollars, which can be described as the loss of liver tremor.
As for Andy, tut, madly ranked the third with $32 billion, but the asset boom of $11 billion is not the most remarkable, and the last comment of Forbes has been praised by everyone.
"The rich are not getting richer, which means the economy is stagnant. Of course, Andy Smith is not included. None of his companies are listed. Once listed, Andy Smith's personal wealth will expand to an amazing level. "
Although this is only a temporary us wealth list, there is no doubt about the influence of Forbes. Looking at Bill Gates in the first place and Buffett in the second place, there is no way to avoid asset damage, let alone the 126 losers in the rich list whose assets are seriously reduced.
Among them, Sheldon Adelson, a gambling tycoon, lost $13 billion in assets in seven months, equivalent to "losing $1.5 million an hour", due to the sharp drop in the price of his shares.
In this economic environment, after deducting the debt, Andy Smith's assets can grow at the rate of 10 billion, which is blinding everyone.
Not to mention his cash growth, just the Tottenham club in the Premier League, with the acquisition of Manchester City and a series of money throwing behaviors of desert tuhao, the most direct effect is to make the valuation of every team in the Premier League have a huge increase again.
Tesla super run, which has been offline and started to deliver, has attracted great dissatisfaction from its customers due to the initial price increase, but Andy is biting his teeth, preferring to refund dissatisfied customers without losing money and making a profit. The policy of ensuring the company's profit space is a bit troublesome at the beginning, but with all kinds of crazy publicity and blowing the cow The concept has been thrown out, and more importantly, the cars sold can make money. All in all, this series has raised Tesla's valuation to $700 million.
Not to mention the marvel group that has successfully turned over, one "Iron Man" makes all the film companies envy and regret to beat the foot. Even though the remake "invincible Haoke" has made some temporary losses, but after all, the global box office is also a big summer movie that has broken 300 million dollars. Naturally, Marvel's valuation has been improved again.
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Hang up, Paulson pinched his nose, frowned and picked up a document on the desk in front of him, and looked it up carefully again. This is a comprehensive plan to help financial institutions to divest non-performing assets.
In a moment, he and Bernanke will go to the White House to attend the meeting of the president's financial markets working group. For the second time in three days, they met with the president and asked him to support radical and unprecedented interventions in the US financial system.
The government stepped in and bought toxic assets directly from bondholders, bringing their balance sheets back to normal and maintaining credit rollovers!
The cost of $500 billion is only an estimate. Looking at the figures given by his subordinates, Paulson had a wry smile on his face at this moment. He was helpless in his heart. It can be imagined that when he submitted the plan to the Congress for discussion and approval, the old men in the Congress would definitely drown him with saliva......
After being hit by the financial wave, Wall Street now adheres to the golden principle of "no news is good news". The news that Treasury Secretary Paulson intended to set up a trust company like institution to pay for the bad debts of financial institutions was almost spread out by interested people immediately after the meeting. Then, the three major stock indexes of US stocks rebounded sharply.
Andy, who is still flying in the palace in the air, guessed that when he received the details of the White House financial markets working group meeting. The stock market soared for him, no doubt, is not willing to see, the money earned less, can be happy to call ghosts.
But the bear market is so sensitive to news. If the sensitivity is measured by "one to ten", then the sensitivity of this report is 13. But if tomorrow turns out to be a rumor, the stock market will definitely turn around.
In the current economic situation, those who suffer from the subprime crisis are happy to see that the government is finally willing to pay. Those investors also hope that the government's strong intervention can help financial institutions to divest mortgage debt, so that they can recover some losses.
In Andy's view, in a sense, what the government can do, whether it is the Treasury, the Federal Reserve or the securities and Exchange Commission, is to slow down the development of the trend. Whether it is a crazy rise or a desperate fall, what they can do is to slow down, not stop!
They know this better than anyone else. It's true that the Federal Reserve is the first one to find out the real situation among the few forces in the subprime mortgage crisis. But they have no way to stop it and dare not open the cover directly. Instead, they continue to use interest rate cuts and devaluation of the US dollar to release the pressure.
Whether 500 billion or 700 billion, they are sandbags. Is it useful to rely on some sandbags to block rivers and break embankments?
Ha ha, that's bullshit!
No bank in the world has the ability to repay all its deposits in full. They are nothing more than doing 200000 yuan with 10000 yuan. This is a reliable traditional bank.
As for those people on Wall Street, they are doing 1 trillion things with 10 billion yuan. What's their purpose?
No matter how clear it is, make money!
Make quick money, make big money, make money of all the prey you can make now!
Price? Ghosts will care. That's what we say when the storm comes!
So, in the face of the storm, the waves, confidence! Only the recovery of confidence can really contain the Galactic whirlpool of capital market recession. Otherwise, from sitting in Rolls Royce to the Federal Reserve meeting to waiting in line on the street for relief food, it will be one night!
As for the abuse of financial leverage by many people, if we give up, we can avoid another financial crisis. The question is, can we give up?
That's even more joking, because in the modern world, it's impossible to give up. In today's capital utilization cart with high driving speed, any form of braking can cause overturning and rollover!
before Fannie Mae and Freddie Mac, the US Treasury and the Fed did not discuss the US real estate market bubble, but what they all wanted was a soft landing.
Well, now it looks like it did land, but face down!
Thinking of the global stock market full of laments, Andy also regrets a lot. As ordinary investors, to be honest, they are definitely in a weak position in the capital market. All the folk stock gods and the wealth myth of the stock king are bullshit!
The so-called gain wealth, the vast majority are dreams or "temporarily arrived, fly away in a moment"! As long as you don't quit, you will never win!
Money, just like a trickle, comes from the hands of every wage earner, through the complex framework of the financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket.
Well, for Andy now, it's undoubtedly a bit of crocodile tears to produce this kind of compassionate idea. However, it's true, although it's a bit cruel.
Can't help laughing, eyes turned to the latest issue of the table, "Forbes", announced the "top 400 rich Americans list.". Bill Gates, the founder of Microsoft, defeated Warren Buffett, the "God of stocks" for $57 billion and regained the richest man's throne.When calculating the value of the rich in this ranking, the share price on August 29 is used. After all, the recent stock market turmoil, part of the rich asset shrinkage is very serious.
Buffett, chairman of Berkshire Hathaway, is second with $50 billion in assets. Laurence Ellison, founder of Oracle, is fourth with $27 billion in assets.
In March, Buffett replaced gates as the world's richest man with 62 billion dollars of personal wealth.
But since February, the price of his Berkshire Hathaway stock has fallen by 15%, and his assets have shrunk by 12 billion dollars, which can be described as the loss of liver tremor.
As for Andy, tut, madly ranked the third with $32 billion, but the asset boom of $11 billion is not the most remarkable, and the last comment of Forbes has been praised by everyone.
"The rich are not getting richer, which means the economy is stagnant. Of course, Andy Smith is not included. None of his companies are listed. Once listed, Andy Smith's personal wealth will expand to an amazing level. "
Although this is only a temporary us wealth list, there is no doubt about the influence of Forbes. Looking at Bill Gates in the first place and Buffett in the second place, there is no way to avoid asset damage, let alone the 126 losers in the rich list whose assets are seriously reduced.
Among them, Sheldon Adelson, a gambling tycoon, lost $13 billion in assets in seven months, equivalent to "losing $1.5 million an hour", due to the sharp drop in the price of his shares.
In this economic environment, after deducting the debt, Andy Smith's assets can grow at the rate of 10 billion, which is blinding everyone.
Not to mention his cash growth, just the Tottenham club in the Premier League, with the acquisition of Manchester City and a series of money throwing behaviors of desert tuhao, the most direct effect is to make the valuation of every team in the Premier League have a huge increase again.
Tesla super run, which has been offline and started to deliver, has attracted great dissatisfaction from its customers due to the initial price increase, but Andy is biting his teeth, preferring to refund dissatisfied customers without losing money and making a profit. The policy of ensuring the company's profit space is a bit troublesome at the beginning, but with all kinds of crazy publicity and blowing the cow The concept has been thrown out, and more importantly, the cars sold can make money. All in all, this series has raised Tesla's valuation to $700 million.
Not to mention the marvel group that has successfully turned over, one "Iron Man" makes all the film companies envy and regret to beat the foot. Even though the remake "invincible Haoke" has made some temporary losses, but after all, the global box office is also a big summer movie that has broken 300 million dollars. Naturally, Marvel's valuation has been improved again.
Hang up, Paulson pinched his nose, frowned and picked up a document on the desk in front of him, and looked it up carefully again. This is a comprehensive plan to help financial institutions to divest non-performing assets. In a moment, he and Bernanke will go to the White House to attend the meeting of the president's financial markets working group. For the second time in three days, they met with the president and asked him to support radical and unprecedented interventions in the US financial system. The government stepped in and bought toxic assets directly from bondholders, bringing their balance sheets back to normal and maintaining credit rollovers! The cost of $500 billion is only an estimate. Looking at the figures given by his subordinates, Paulson had a wry smile on his face at this moment. He was helpless in his heart. It can be imagined that when he submitted the plan to the Congress for discussion and approval, the old men in the Congress would definitely drown him with saliva...... After being hit by the financial wave, Wall Street now adheres to the golden principle of "no news is good news". The news that Treasury Secretary Paulson intended to set up a trust company like institution to pay for the bad debts of financial institutions was almost spread out by interested people immediately after the meeting. Then, the three major stock indexes of US stocks rebounded sharply. Andy, who is still flying in the palace in the air, guessed that when he received the details of the White House financial markets working group meeting. The stock market soared for him, no doubt, is not willing to see, the money earned less, can be happy to call ghosts. But the bear market is so sensitive to news. If the sensitivity is measured by "one to ten", then the sensitivity of this report is 13. But if tomorrow turns out to be a rumor, the stock market will definitely turn around. In the current economic situation, those who suffer from the subprime crisis are happy to see that the government is finally willing to pay. Those investors also hope that the government's strong intervention can help financial institutions to divest mortgage debt, so that they can recover some losses. In Andy's view, in a sense, what the government can do, whether it is the Treasury, the Federal Reserve or the securities and Exchange Commission, is to slow down the development of the trend. Whether it is a crazy rise or a desperate fall, what they can do is to slow down, not stop! They know this better than anyone else. It's true that the Federal Reserve is the first one to find out the real situation among the few forces in the subprime mortgage crisis. But they have no way to stop it and dare not open the cover directly. Instead, they continue to use interest rate cuts and devaluation of the US dollar to release the pressure. Whether 500 billion or 700 billion, they are sandbags. Is it useful to rely on some sandbags to block rivers and break embankments? Ha ha, that's bullshit! No bank in the world has the ability to repay all its deposits in full. They are nothing more than doing 200000 yuan with 10000 yuan. This is a reliable traditional bank. As for those people on Wall Street, they are doing 1 trillion things with 10 billion yuan. What's their purpose? No matter how clear it is, make money! Make quick money, make big money, make money of all the prey you can make now! Price? Ghosts will care. That's what we say when the storm comes! So, in the face of the storm, the waves, confidence! Only the recovery of confidence can really contain the Galactic whirlpool of capital market recession. Otherwise, from sitting in Rolls Royce to the Federal Reserve meeting to waiting in line on the street for relief food, it will be one night! As for the abuse of financial leverage by many people, if we give up, we can avoid another financial crisis. The question is, can we give up? That's even more joking, because in the modern world, it's impossible to give up. In today's capital utilization cart with high driving speed, any form of braking can cause overturning and rollover! before Fannie Mae and Freddie Mac, the US Treasury and the Fed did not discuss the US real estate market bubble, but what they all wanted was a soft landing. Well, now it looks like it did land, but face down! Thinking of the global stock market full of laments, Andy also regrets a lot. As ordinary investors, to be honest, they are definitely in a weak position in the capital market. All the folk stock gods and the wealth myth of the stock king are bullshit! The so-called gain wealth, the vast majority are dreams or "temporarily arrived, fly away in a moment"! As long as you don't quit, you will never win! Money, just like a trickle, comes from the hands of every wage earner, through the complex framework of the financial theoretical framework, layer by layer, step by step, and finally the money flows into the "pocket" - their pocket. Well, for Andy now, it's undoubtedly a bit of crocodile tears to produce this kind of compassionate idea. However, it's true, although it's a bit cruel. Can't help laughing, eyes turned to the latest issue of the table, "Forbes", announced the "top 400 rich Americans list.". Bill Gates, the founder of Microsoft, defeated Warren Buffett, the "God of stocks" for $57 billion and regained the richest man's throne.When calculating the value of the rich in this ranking, the share price on August 29 is used. After all, the recent stock market turmoil, part of the rich asset shrinkage is very serious. Buffett, chairman of Berkshire Hathaway, is second with $50 billion in assets. Laurence Ellison, founder of Oracle, is fourth with $27 billion in assets. In March, Buffett replaced gates as the world's richest man with 62 billion dollars of personal wealth. But since February, the price of his Berkshire Hathaway stock has fallen by 15%, and his assets have shrunk by 12 billion dollars, which can be described as the loss of liver tremor. As for Andy, tut, madly ranked the third with $32 billion, but the asset boom of $11 billion is not the most remarkable, and the last comment of Forbes has been praised by everyone. "The rich are not getting richer, which means the economy is stagnant. Of course, Andy Smith is not included. None of his companies are listed. Once listed, Andy Smith's personal wealth will expand to an amazing level. " Although this is only a temporary us wealth list, there is no doubt about the influence of Forbes. Looking at Bill Gates in the first place and Buffett in the second place, there is no way to avoid asset damage, let alone the 126 losers in the rich list whose assets are seriously reduced. Among them, Sheldon Adelson, a gambling tycoon, lost $13 billion in assets in seven months, equivalent to "losing $1.5 million an hour", due to the sharp drop in the price of his shares. In this economic environment, after deducting the debt, Andy Smith's assets can grow at the rate of 10 billion, which is blinding everyone. Not to mention his cash growth, just the Tottenham club in the Premier League, with the acquisition of Manchester City and a series of money throwing behaviors of desert tuhao, the most direct effect is to make the valuation of every team in the Premier League have a huge increase again. Tesla super run, which has been offline and started to deliver, has attracted great dissatisfaction from its customers due to the initial price increase, but Andy is biting his teeth, preferring to refund dissatisfied customers without losing money and making a profit. The policy of ensuring the company's profit space is a bit troublesome at the beginning, but with all kinds of crazy publicity and blowing the cow The concept has been thrown out, and more importantly, the cars sold can make money. All in all, this series has raised Tesla's valuation to $700 million. Not to mention the marvel group that has successfully turned over, one "Iron Man" makes all the film companies envy and regret to beat the foot. Even though the remake "invincible Haoke" has made some temporary losses, but after all, the global box office is also a big summer movie that has broken 300 million dollars. Naturally, Marvel's valuation has been improved again.
