Chapter 871: The Federal Reserve and the Position of the Treasury Department

"It's getting to this bad point, and I don't think the government wants to see us go bankrupt. ”

For a long time, the silence was shattered by the words of one of the directors.

The corners of the mouth of Tendrer Wells, who sat at the top, raised slightly, and he glanced vaguely at the man who spoke.

Kester Philip perked up and immediately said: "That's right, now that the government has only managed to curb inflation initially, and our company has gone bankrupt, it will have the greatest impact on the government, and I suggest that I go to see G. William Miller immediately." ”

The G. William Miller he refers to is the current Secretary of the Treasury of the Carter administration in the United States.

Not only that, but G. William Miller also served as chairman of the Federal Reserve from 1978 to 1979 as the only non-Jew, and although he only served for one year, he also had a lot of close ties with the Fed.

If the Hunter family was about to go bankrupt when they were about to go bankrupt in silver futures, and they were able to force the Fed to lend $1.1 billion to them through the difficulties, why couldn't Philip Brothers?

Thinking of this, Kester Philip's heart was about to move, and his eyes swept over the faces of several directors stationed in the bank.

In particular, the directors stationed at Bear Stearns are the focus of Kester Philippe.

If you want to get the help of the US Treasury and the Federal Reserve, it is best to let a group of investment banks jointly intervene, which is the most probable.

Although Philip Brothers is also a Jewish company, the internal forces are now mixed, and its strength is far inferior to the former, so it is certainly not as good as Bear Stearns.

Bear Stearns lent more than $1 billion to Philip Brothers, and if Philip Brothers went bankrupt, in addition to the Philip family's greatest loss, the second largest company would definitely be Bear Stearns.

Feeling the eyes of the surroundings projected on him, the director of Bear Stearns Company turned dark, his eyes swept coldly on everyone's faces, and he said in a loud voice: "You don't need to look at me, it is a good way to find the Ministry of Finance or the Federal Reserve, but it is absolutely impossible to solve it by Bear Stearns alone, everyone must come forward together!"

After speaking, he looked at Tendler Wells and said, "Wells, the company also has a large-scale lending business with other investment banks, and I suggest you let them come forward with us." ”

Having achieved his goal, Tendler Wells smiled and nodded, "No problem, I don't think they will refuse." ”

"Then don't waste time, discuss specific steps and act as soon as possible. ”

Kester Philip urged.

Everyone who reached an agreement immediately discussed it, and soon a complete implementation plan took shape in the mouths of this group of elites.

After the meeting, many people rushed to their respective companies, intending to report the real situation of the meeting.

Looking at the empty conference room, Tendler Wells looked worried, came to the floor-to-ceiling window, looked at the New York Mercantile Exchange in the distance, and muttered to himself: "I have done what I can to the end, and if this cannot be solved, then the Philip Brothers company will really have to go bankrupt." ”

......

"Miller, long time no see. ”

"Volker, looks like you're in good spirits. ”

After greeting each other, G. William Miller followed Paul Walker to the living room and brewed coffee.

"Miller, they've already approached you? Are you going to be a lobbyist?"

Paul Volcker said with a smile.

He knew that the Treasury Department had not made much of a move in the run-up to the election, and now that G. William Miller had suddenly come to visit him, he could not think of anything else but for the Philip Brothers.

"Looks like they've been looking for you, too. ”

G. William Miller smiled faintly, then asked with concern.

"Volker, what are you going to do?"

Paul Volcker smiled, didn't answer directly, and asked, "You came with the idea of the White House guy?"

G. William Miller's smile froze, and then he was relieved, and he guessed it at once.

"Yes, Mr. President hopes that the market order can return to normal, and only a stable financial order can create greater value for Wall Street and for the United States. ”

Paul Volcker smiled nondeniably and said, "The New York Stock Exchange and the U.S. Commodity Exchange Commission have intervened in the investigation, but as far as the results of the investigation are concerned, all transactions are legitimate. ”

Paul Volcker's attitude made G. William Miller unpredictable, he frowned slightly, and said solemnly: "Volcker, the Federal Reserve has managed to curb inflation with great difficulty, and if Philip Brothers fails, it will affect the entire Wall Street, and the industrial sector will also be affected, and the consequences will conflict with your plan." ”

"Four months ago, you were worried about the collapse of the International Metals Investment Corporation, and the Federal Reserve lent $1.1 billion to the Hunter family, and this time the impact is no less than the last time!"

As a die-hard for President Jimmy Carter, G. William Miller was well aware of the consequences of the collapse of Philip Brothers.

The Democratic Party has already fallen into decline, and a large reason is that the economy is not good because of inflation, and voters are dissatisfied and vote with their feet, and if the collapse of Philip Brothers causes economic turmoil, it will definitely be seized by the Republican Party as a lever to attack wantonly.

Although there is nothing to do with ordinary voters in the final stage of the election, I am afraid that the Republican Party will use this matter to make a fuss.

He took this into account because he knew that Jimmy Carter's think tank had worked overnight on a plan to use the rescue of Philip Brothers as an opportunity to gain the support of a section of Wall Street Jews.

The Republican Party has taken advantage of the opportunity in the Middle East to temporarily pull most of the Jewish forces into the Republican camp, and if it can divide some of them, it can add some chances of winning Jimmy Carter's election.

Paul Volcker was able to become the chairman of the Federal Reserve, and he could remain in office until 1987, and his IQ was definitely among the best in the world.

Although G. William Miller did not say it, he could also guess the real reason why G. William Miller was in such a hurry.

Although he was a German-Jew, he did not necessarily have to save the Philip Brothers.

Jews are known for their unity in the world, but the most united time is when it comes to Israel, in fact, in ordinary times, when it comes to their own interests, and they also have different ideas and positions.

He is well aware that Philip Brothers is not the same as the Hunter family, and the current time is too sensitive, even if he is the chairman of the Federal Reserve, there are still some things to be concerned about at this time, such as the big position of the Federal Reserve, and the conditions under which he can take office after G. William Miller is ousted as chairman of the Federal Reserve.

So in this matter, he had to be cautious and cautious.

What's more, the Philip Brothers company is not yet at the most dangerous time, and he will not be in a hurry to make a statement.

I saw Paul Volcker shake his head with an embarrassed face and said: "Miller, although I am the chairman of the Federal Reserve, but in some major matters, I still have to submit to the board of directors for discussion, I will immediately convene a think tank to study, and then submit it to the board of directors, as for the result, it will take some time." ”

G. William Miller frowned, stared at Paul Volker tightly, and said with a serious expression: "Volker, now the situation has reached the most dangerous time, and it must be resolved as soon as possible, otherwise there will be a disaster, and the Soviet Union wishes that we would not be able to climb out of the quagmire." ”

Hearing the Soviet Union, Paul Volcker's eyes froze, but he still held his ground.

He said solemnly: "Miller, I'm already thinking about how to solve this matter safely, you should understand very well, some things are very deep, and they can't be solved so easily, how much capital on Wall Street has entered the market now, have you investigated clearly?"

"Last time the Fed saved the Hunter family for the sake of the market, if it saves Philip Brothers again this time, then there will be trouble in the future economic order, and the crocodiles on Wall Street will do this kind of thing again and again, because no matter what the outcome is, there will be a Fed to cover it!

"The affairs of the financial market are best left to the market to solve on its own, which is conducive to the optimization and development of the financial market. ”

"If the time comes to real danger, the Fed will do its part, but before that, I think what you should be thinking about is how to make adjustments from the policy side and the regulatory side. ”

G. William Miller looked pensive, and only nodded for a long time before he said, "What you said makes sense. ”

"However, for the sake of prudence, I still hope that you will submit it to the Federal Reserve Board of Directors for discussion as soon as possible, and the fiscal and financial departments will also take corresponding effective measures as soon as possible. ”

Paul Volcker nodded and said, "No problem." ”

The two then chatted for a while, and then G. William Miller found an excuse to leave.

Seeing G. William Miller's car move away, Paul Volcker's eyes were a little distracted.

Thinking of the Rockefeller Consortium, the Morgan Consortium, the Jewish Consortium, Wall Street financial giants, etc., he couldn't help but press his temples, and said to himself with a headache: "It's really a troublesome thing, let's take a look, maybe there will be some companies interested in Philip Brothers, and it is undoubtedly the best if the market can solve it, as long as it doesn't go bankrupt, whoever takes over is the best result for me......"