Chapter 397 Don't You Give an Explanation?

Looking at the bull in front of Boringgreen Park, I have to say that it is not good for Italian people to fight, but it is still very reliable to play art. Brutality, strength, courage, this is the most intuitive feeling of William White.

It's a pity, it's a bit out of place now, and the cow is still the same cow. But Wall Street, however, is covered by a huge brown bear.

William White didn't like Wall Street, not at all. In his opinion, under this bull, there are simply a lot of white bones.

I took a deep breath, and I still felt a little depressed, or the air in New York was too bad, or the surrounding buildings were too dense, anyway, all kinds of inopportune things.

"Boss, it's almost time. ”

"Well, let's get out of here, you know Filson, every time I come here, I like to look at this bull.

It's a pity that every time I come here, the stock market doesn't perform very well, and I don't know if it's a coincidence, I don't think they want me to come often. ”

Filson wants to scold his mother a little, and now that it's already late, you still have the heart to complain here. Of course they don't want you to come, it's all a bunch of old guys, and you're the only one under fifty. Think about it, a group of old guys look at a high-spirited pretty boy, and it's only when you can be in a good mood that you can see the hell.

Seeing Filson's strange expression, William White didn't care. He is not a scorer, nor is he without a sense of time, in fact, when it comes to his identity, he basically acts with a stopwatch.

What people need to be greeted, what meetings need to be held, and they need to be on time, and the punctuality mentioned here is not in advance, but just right. And today I deliberately played a loss, that is to express an attitude.

Yes, buddy is very angry now, it's simple to save the market, it's okay not to make negative remarks. But ah, you, Merrill Lynch and Citi are going to pass like this?

Hmph, I'm afraid I'm thinking too much.

"Sorry, gentleman, the traffic in New York is terrible. Taking off his top hat, William White shrugged his shoulders in apology. It's a must, it's okay to be late, it's an attitude, and if it's no longer polite, it's a matter of upbringing.

Of course, the bad excuse of traffic jams on Sunday is really a bit insincere. You bastard, Wall Street can be stuck in traffic at any time, but in the early hours of Sunday morning, it's a bit magical.

Well, not too many people care about his unreasonableness. Even Greenspan, who was sitting in the middle, only smiled and nodded.

One Wall Street, Bank of the United States Building. William didn't understand, shouldn't you go to the Fed for such a meeting? Or, it's OK to walk a few steps to Da Mo.

Listening to Greenspan gushing about bubbles in front of him, William White really listened to it with a little pain. Do you really think that buddies are ordinary investors, the Internet bubble, this problem is also called a problem?

The entire NASDAQ, when the shrinkage was the most severe, was only 5 trillion US dollars, which sounds exaggerated to you, but in fact, it is just like that.

Of course, there are many, but what we are discussing now is the topic of the overall contraction of the US economy. Let's put it this way, even if the people here make up a trillion yuan, it will not solve the problem, just like the subprime mortgage crisis, the subprime loan itself is not much terrible, the numbers will not be exaggerated, and the banks are not stupid, and the proportion of subprime loans will not be too much.

"Uh, excuse me, Alan, I see you're going in the wrong direction. Condemning Internet companies will not solve the problem. In fact, I don't think there's much bubble in it until now.

CDO, CMO, ABS, SIV," William White knocked on his head and said, "Everyone, can any of you give me a science popularization, so many derivative products, is there any risk control management!"

No, did you think about the consequences when you invented this toxic bond? ”

Well, Greenspan's old face was flushed. He never expected that at this time, this guy still didn't admit the bubble.

Of course, he actually understands that the essential factors that cause the current situation are these derivative products.

"Ahem, we'll talk about that at the end. ”

"I'm so sorry, you go on, just when I didn't say it. William White shrugged, completely ignoring Greenspan's displeasure. Of course, the CEOs of Citi and Merrill Lynch were also ignored by him.

Buffett glanced at this guy, and he finally figured out that the reason why William White came back was completely because of the smashing of the field.

Want to save the day?

Simple!

Want to inject liquidity?

It's even simpler!

But, please make things clear, whose responsibility is it, and whose responsibility is it. Nima, all the black cauldrons are thrown to high-tech companies, without you bastards to help the trouble, who has the ability to directly double the NASDAQ in just one year.

Fines of hundreds of thousands of dollars?

Hmph, how could someone who had known the results of the process for a long time endorse it. If it was Da Mo and Goldman Sachs, this dumb man would admit it.

But, what's this Citi guy?

Do you know each other well?

With this stirring, several bigwigs here are very clear. I'm afraid it's impossible to be good about this matter, but it's okay, making money and earning so much hatred, why do you let us take the blame.

"Boss, you were a little reckless just now, this matter today. ”

William White waved his hand and said, "I did it on purpose, just let them know my dissatisfaction." I'll be in Los Angeles in the afternoon, and you'll be in charge of everything here. ”

Well, there were a number of black lines floating down Filson's head. He really couldn't figure it out, since he knew that he wouldn't change anything, why did you come to such a show?

"Filson, the reason why he agrees, is that he is worried that the country will go into recession. Now the country is very bad, more than 30% of GDP is not manufacturing, not services, but these financial and financial derivatives.

It's dangerous and it's bad. The most important thing is that whether I say it today or not, they will not make changes. Mark my words, eventually, we're all going to end up with these things.

At the very last moment, at the very least, I can face it very calmly. ”

Filson has nothing to say, Wall Street is made up of such things, buying and selling securities and bonds, where their greed can be supported. If you want to make more money, you have to make the cake bigger in front of you.

What is the most profitable thing about Wall Street?

Financial innovation!

If you think about it, if you invent something from scratch, as long as you can sell it, you can earn a lot of commissions.

The virtual economy, you virtualize it again and securitize it. Oh my God, it takes a lot of death to dare to get this kind of thing out.

For the willfulness of his own boss, Filson can only express helplessness. With this one red face and one white face, you are not afraid of flashing other people's old waists.