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American Fortune Life - Chapter 648

Published at 7th of November 2021 08:35:22 AM


Chapter 648: 648

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When Andy and Ivana enter the banquet hall, the atmosphere in the hall is very active, and there is no pessimism diffused under the subprime mortgage crisis. The business tycoons are talking and laughing, and all the celebrities are shuttling. The orchestra is playing the music that makes people feel happy. In the clothes, women are graceful and men are romantic. Cocktails are constantly delivered to every corner, and the whole air is full of laughter.

The CEOs of excellent enterprises in the wall street industry communicate face-to-face, discuss excellent investment projects, and whisper jokes about who failed in the subprime crisis. Of course, the eyes of every guest are unconsciously glancing at the small circle of Ben Bernanke and Paulson.

When handsome and tall Andy and beautiful Ivana walk into the banquet hall with an elegant smile on their hands, the eyes of all the guests naturally focus on the young and enviable lovers. Where Andy's eyes pass, they are all kind and warm eyes with a smile on their faces, raising their glasses and nodding.

Tonight's invited guests are very satisfied and happy. Because of their special social status and identity, they can't make friends casually like ordinary people, so they use such parties to expand their social circle and make more friends. Andy's dinner is undoubtedly a very rare high-end banquet, almost covering the whole wall street 。

Ivana, as the hostess of tonight's dinner, naturally can't stay with Andy all the time. She needs to entertain all the female guests. Andy smiles and listens to the demands of Citigroup, Morgan Stanley and Goldman Sachs CEOs for Bernanke of the Federal Reserve and Paulson of the Treasury secretary. They just hope that the government will come up with a more powerful rescue policy.

Although Ken Lewis, CEO of Bank of America, met Andy for the first time, as an important customer of Bank of America, he naturally hoped to establish more personal friendship with Andy, while Warren Buffett, the old man, was quietly listening to people's communication with a glass of red wine.

And Paulson gave a clear answer, "the government will never save the market!"

Everyone's eyes turned to Ben Bernanke of the Federal Reserve, but no one knows where the Federal Reserve's lending limit is. The Federal Reserve has been using blood transfusion in August to alleviate the panic brought by the subprime mortgage crisis. This blood transfusion method still plays a certain role. At least now, the U.S. stock market has not seen a precipice collapse.

Mr. Cox, chairman of the securities and Exchange Commission of the people's Republic of China (SEC), looked at the CEOs of several large companies, looked at the expressionless Mr. Bernanke, raised his hand, drank a glass of cocktail, and said lightly: "blood transfusion to the market may be able to alleviate the panic in the short term. The SEC believes that the most important thing is to prevent some investment institutions from using the short selling mechanism to manipulate the stock price and restrict investors Some behaviors of short selling several major mortgage institutions and securities companies. "

As soon as his words fell, everyone's eyes focused on Andy with a calm smile on his face. Several Wall Street monsters on the scene were severely slaughtered by Andy, a young and outrageous kid. Morgan Stanley, the hardest one, suffered a lot. Citigroup, Goldman Sachs and Lehman were short some time ago. The stock price There are Andy predator fund's figures when they are suppressed.

Andy smiled sarcastically at the corner of his mouth. He didn't care about the idea of protecting the market proposed by SEC Cox at all. He raised his glass and drank it out in the eyes of all the people. Then he smiled and showed his big white teeth. He looked around for a week and said: "in 1938, the securities and Exchange Commission issued the rules of price raising trading, which aims to prevent investors from selling short stocks that fell continuously.

Just this year, the securities and Exchange Commission abolished the regulation, which was severely criticized by opponents including CNBC's famous critic Kramer, as well as my Newsweek and observer weekly. More than once, it was emphasized that the decision was completely bewitched by free market theorists who had long been eager to abolish this most important trading buffer mechanism. After constantly warning that this rule has been abolished, hedge funds can arbitrarily suppress the stock price, thus damaging the interests of good companies!

Ha ha, Mr. Cox, now you tell us to limit shorting? "

Andy's words made everyone in the room look at each other. They know how to abolish this rule better than anyone else. Cox was a bit accosted by Andy's explanation. The people in the room are all senior insiders, who are very clear about the felicity.

After all, in that year of national ecstasy, in order to gain more profits, the voices of deregulation, deregulation and even cancellation of all constraints will be heard through the sky!

As the chairman of SEC, Cox was highly praised by wall street when he made the decision. After the subprime mortgage crisis, he found that the abolition of this rule was like opening Pandora's magic box. After all, the repealed rule could prevent the stock price from falling with the crazy selling of short sellers.

"This is just a powerful measure that the SEC thinks can be used as a remedy to save the market..."

"In a sense, what the government can do, whether it is the Treasury, the Federal Reserve or the SEC, 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 it!" Andy didn't chase after him. After all, he was the guest he invited, with a light smile on his face. No one on the scene would treat him as a young idiot, because in his success, everyone regarded him as a peer of equal status."I'm sorry, everyone. I need to excuse you for a moment..."

Andy with a brilliant smile slightly leaned over, apologized to the people in this small circle. As the host, he could not be considerate to the guests. Although people would like to hear his view of the Wall Street genius, they could only helplessly watch Andy turn around and leave, put the empty glass on a waiter's tray, pick up a cocktail and go to another circle.

"I heard that his hedge fund has reached $10 billion?"

Warren Buffett looked at the question and Paulson smiled: "his eyes are in the UK now."

"What a fierce young man!" The CEO of Morgan Stanley took a sip of the cocktail with a wry smile.

Lloyd Blankfein of Goldman Sachs also smiled bitterly. "He still refuses to lift the CDO insurance now. He doesn't want to take less money for 489 million!"

"He's short of money, too. It's understandable." Ken Lewis, CEO of Bank of America, said with a faint smile.

Other people turn their eyes at the same time. Citigroup and Bank of America all follow Andy to make money. They will naturally help him talk.

Mr. Greenberg, the chairman of AIG insurance company, took a glass of red wine again, narrowed his eyes slightly, and smiled: "his last month's record is very impressive. This time, he focused his fire on the British people, so we have no idea? After all, he hasn't failed yet. "

"Don't look at me. We don't hedge at Berkshire..." Warren Buffett looked at the splendor flashing in the eyes of all the people, and knew that everyone present did not ignore the rising star of light speed, who was watching him.

Andy naturally didn't know the conversation after he left, but even if he did, he didn't care. If these people really follow the footsteps to harm the UK, it would be a great good thing. In this way, the power of short sellers will be stronger, and they can safely put the Brits on the ground and kill them at will.

"Mr. Alexander, you are undoubtedly a respectable and successful team owner. You bought rockets from US $85 million in 1993, and then won two championships." Andy looks at Leslie Alexander with glasses in front of him, thin hair, and wrinkles on his forehead that slowly unfold because of his words.

"Thank you, young man. I'm honored and happy to have the Rockets for the past 14 years." Alexander seems to have made up his mind to sell the team, otherwise he would not be so happy to agree with Andy's request to send him to the team. "I had an incredible opportunity to witness the real achievements of those players and coaches, or win for the city It's a championship, an all star and NBA team of the year, a hall of fame, a contribution to the team and the fans. "

Andy looks at Alexandria, who is a little tired. He may be bothered by the financial pressure on the fans and journalists. Although he is full of emotion, Andy can see the old man's lost and unwilling eyes.




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