At this critical juncture, the Fed showed great efficiency: Fed officials in New York immediately called the City Bank of New York and asked it to ensure that the necessary financial credit was provided to clearing house members. It was the Fed's intervention at a critical moment that played a key role in avoiding the spread of the crisis.

"That's right, that's it. ”

Howard Baker glanced at Chen Geng with some surprise, because at the end of today, there is too much bad news, and all that everyone hears is: fall, fall, fall!

It's all down!

It seems that there is no other sound in the whole United States except for "falling", and in this case, Fernandez Chen actually noticed the Fed's move, which is really ...... No wonder he was able to make a fortune.

Bringing Chen Geng to the door of a conference room, Howard Baker said to Chen Geng: "Mr. President is now communicating with the cabinet and the Federal Reserve, and people from the business and financial circles have been arranged to rest in this conference room first......

Chen Geng smiled: "Will there be a lot of my old friends in it?"

Howard Baker also smiled: "There are indeed quite a few. ”

"Then you go and get busy," Chen Geng waved at Howard Baker: "I'll talk to my old friends first." ”

As the White House chief of staff and the most trusted person around the president, Howard Baker can be described as "busy like a dog" when he is busy, and being able to bring Chen Geng here in person is already extraordinarily green-eyed, he is not polite to Chen Geng, and nodded and said: "Then you guys talk first...... Well, if you need anything, just tell the staff. ”

"OK," Chen Geng waved at Howard Baker, "you go get busy." ”

........................

"Ahem, ahem, ahem......"

Pushing open the door of the conference room, Chen Geng, who was caught off guard, was immediately choked by the smell of cigarettes and cigars in the room: Damn! Is there firewood burning inside? Or did the staff not turn on the ventilation system?

Of course, the ventilation system is turned on, and of course the staff will not make such a simple mistake, but there are dozens of earthen stoves burning inside, right?

Hearing the sound of the door opening, the people inside turned their heads to look over, and saw that it was Chen Geng, some of Chen Geng's old friends, such as Henry Ford, the boss of Ford Motors, reluctantly beckoned to Chen Geng: "Hey, Fernandez, are you here too?"

"Everyone is here, how can I not come?" Chen Geng nodded to Henry Ford with a smile, and then looked at Frank Gary, chairman of IBM, who had an extremely ugly face: "Hey, Mr. Gary, why is your face so ugly?"

Frank Gary snorted angrily: "Mr. Fernandez, the decline of the data research company is not much smaller than that of our IBM, right?"

"17.64%," Chen Geng said with a smile: "But I don't care, I am the controlling major shareholder, and the performance and profitability of the data research company are quite good, and we have rich cash reserves, I don't think it's a bad thing for the stock price to drop for a while, just take advantage of this time to buy back some shares, not only to stabilize the mood of investors, but also to increase their own shares, but you, Mr. Gary, IBM is ready to buy back shares?"

For those companies with healthy financial conditions, good marketing and abundant cash reserves, when the stock market crash occurs and their stock prices plummet, it is not a bad thing, because the company or shareholders can take advantage of the opportunity to repurchase shares at this time, which greatly reduces the cost of repurchasing shares, and as long as you hold enough shares in your hands, you can do not do too much.

Many people in the room cast envious glances at Chen Geng.

Everyone knows that Chen Geng is right, don't look at the stock price of the data research company in the past 19 days, but the performance, finance, profitability and cash reserves of the data research company are all "A+" level, plus Fernandez Chen himself holds more than 50% of the shares He can really take advantage of this opportunity to buy back some of the shares at a very low cost, and most importantly, as long as the crash passes, the stock of Data Research will remain one of the most popular high-tech stocks in the market.

and Fernández Chen, many of the big people in the conference room are more miserable, such as the unreliable gentleman with an earthy face.

If you want to say what industry is the most unlucky under the impact of this crisis that has swept the whole industry, there is basically nothing to argue, that is, the real estate industry that does not rely on Mr. Pu to engage in, because whenever the economic crisis comes, the real estate industry is always the lowest and most unlucky.

Compared with Mr. Tebuip, who was as earthy as an earthy face and was extremely worried about whether he would go bankrupt, Wal-Mart's boss, Mr. Walton's expression was much more flat: As a super retailer with more than 240,000 employees in the United States alone, the US government does not dare to let Wal-Mart fall easily, and it depends on how many votes it takes.

Just when Chen Genghe and the rich people in the house, who have unparalleled influence on all aspects of American social life, bragged and quarreled, Mr. Summers, Deputy Secretary of the Treasury pushed open the door and walked in: "Gentlemen, on behalf of Mr. President and the Federal Treasury Department, I would like to inform you of the summary of some of the losses in this disaster just compiled by the Federal Statistical Office. ”

Everyone's expressions suddenly became serious: Why do you want to announce it to everyone? Of course, it is for everyone's good and knowing.

"First of all, let's talk about the decline of the world's major stock markets," Samos said: "The Tokyo 225 Index is down 620 points, or 14.9 percent, the Hong Kong Island Hang Seng Index is down 421 points, or 11.3 percent, the Li Kapo Straits Times Index is down 169 points, or 12.4 percent, the Australian All Common Shares Price Index is down 80 points, or 3.7 percent, and the UK FTSE30 is down 183.7 points, or 10.1 percent, , the FTSE100 index fell 249.6 points to 2053.3 points, with a total loss of more than 50 billion pounds, in addition, Paris, Frankfurt, Stockholm, Milan, Amsterdam and other stock markets all fell by 6% to 11% to varying degrees;

In addition to the stock market, prices of a wide range of commodities including precious metals, copper, coffee, cotton textiles, orange juice, sugar, poultry, edible oil, and many others have fallen worldwide. ”

“......”

No one spoke, and no one looked shocked.

As the most powerful, influential, and well-informed group of people in the United States and the world, everyone has long known about this information, but the level of comprehensiveness is only far from what the government has grasped.

Samos was not surprised by the reaction of the billionaires and entrepreneurs, and he continued: "In the face of this stock market shock wave that has already spread all over the world, countries and local governments have made quick decisions to take a series of rescue measures, and we have already learned: the Hong Kong stock market on Hong Kong Island has decided to suspend trading for four days, the Federal Republic of Germany has announced a reduction in the securities repurchase rate, and in addition, the G7 is urgently discussing how to provide liquidity to the financial system through video teleconference, and gentlemen......

Speaking of this, Samos put down his hand and looked at the big people in the room with a blazing eye: "At a time when governments are starting to take countermeasures, as the most influential group of people in this country, the government also needs you to stand up at this time and contribute to the response to this crisis, you should understand that this is also in your own interests." ”

As soon as Samos's voice fell, someone immediately said: "Mr. Samos, the key now is to stabilize the market sentiment, as long as the market sentiment is stable, the problem will be solved, so may I ask, what measures will the government and the Federal Reserve take to stabilize the market sentiment?"

Well, this is a question that real estate developers don't rely on.

There are some words that need to be cautious and cautious in front of the media, but there is no need in front of these people, Samos replied without hesitation: "Your Excellency the President has just finished communicating with Mr. Greenspan, and Mr. Greenspan, on behalf of the Federal Reserve, promised to Mr. President: In order to fulfill its responsibilities as a central bank, the Federal Reserve System will ensure the liquidity of the financial system in order to support the normal operation of the economy and financial system,"

Speaking of this, Summers accentuated: "Mr. Greenspan will personally announce this to the public tomorrow morning. ”

————————————

PS: Sorry brothers, please wait a few minutes.

Speaking of this, Samos put down his hand and looked at the big people in the room with a blazing eye: "At a time when governments are starting to take countermeasures, as the most influential group of people in this country, the government also needs you to stand up at this time and contribute to the response to this crisis, you should understand that this is also in your own interests." ”

As soon as Samos's voice fell, someone immediately said: "Mr. Samos, the key now is to stabilize the market sentiment, as long as the market sentiment is stable, the problem will be solved, so may I ask, what measures will the government and the Federal Reserve take to stabilize the market sentiment?"

Well, this is a question that real estate developers don't rely on.

There are some words that need to be cautious and cautious in front of the media, but there is no need in front of these people, Samos replied without hesitation: "Your Excellency the President has just finished communicating with Mr. Greenspan, and Mr. Greenspan, on behalf of the Federal Reserve, promised to Mr. President: In order to fulfill its responsibilities as a central bank, the Federal Reserve System will ensure the liquidity of the financial system in order to support the normal operation of the economy and financial system,"

Speaking of this, Summers accentuated: "Mr. Greenspan will personally announce this to the public tomorrow morning. ”

Speaking of this, Summers accentuated: "Mr. Greenspan will personally announce this to the public tomorrow morning. ”