Chapter 648: Wall Street at the Feast

When Andy walked into the banquet hall with Ivana, the atmosphere in the hall was very lively, and there was no pessimism diffused under the subprime mortgage crisis. The orchestra plays cheerful music, the ladies are graceful and the men are graceful. Cocktails are constantly being delivered to every corner, and the whole air is filled with laughter.

The CEOs of the best companies on Wall Street met face-to-face, discussed great investment projects, and whispered jokes about who had failed in the subprime mortgage crisis. Of course, the eyes of each of the invited guests unconsciously glanced at the small circle of Ben Bernanke of the Federal Reserve and Secretary of the Treasury Paulson.

When the handsome and tall Andy and the glamorous Ivana walked into the banquet hall with an elegant smile on their faces, the eyes of all the guests naturally focused on this young and enviable lovers.

The guests invited tonight are very satisfied and happy, because of their special social status and identity, they can't meet friends casually like ordinary people, so they use this kind of gathering to expand their social circle and make more friends, and Andy's dinner is undoubtedly a very rare high-end banquet, almost covering the entire Wall Street.

Ivana, as the hostess of tonight's dinner, naturally can't stay with Andy all the time, she needs to entertain the female guests who come, and Andy listened to Citi with a smile, Morgan Stanley and Goldman Sachs, the three CEOs, for the Fed's Bernanke and Treasury Secretary Paulson's various demands, nothing more than hope that the government will come up with a more powerful bailout policy.

Although Ken Lewis, the 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 friendships with Andy, while the old guy Warren Buffett held a glass of red wine and quietly listened to the conversation.

And Paulson gave a clear answer, "The government will not bail out the market!"

Everyone's eyes are on Ben Bernanke of the Federal Reserve, but no one knows where the Fed's lending floor is, and the Federal Reserve has been using blood transfusion to alleviate the panic brought to the market by the subprime mortgage crisis throughout August.

Cox, chairman of the Securities and Exchange Commission (SEC), looked at the CEOs of several large companies on the side, looked at the expressionless Bernanke, raised his hand, took a sip of the cocktail in the glass, and said lightly: "Blood transfusion to the market may be able to alleviate the panic in the short term, and we SEC believe that the most important thing is to prevent some investment institutions from using the short selling mechanism to manipulate stock prices and restrict investors from shorting the stocks of several major mortgage institutions and brokerages." ”

As soon as his words fell, everyone's eyes focused on Andy with a calm smile on his face, several Wall Street giants and monsters present were slaughtered by Andy, a young boy who didn't talk much, and the most bitter Morgan Stanley was even more dumb and couldn't say it, Citigroup, Goldman Sachs, Lehman was shorted some time ago, and the stock price was suppressed by Andy's Predator Fund.

Andy showed a mocking smile on the corner of his mouth, he didn't care about the idea of protecting the plate proposed by SEC Cox, raised his wine glass and drank it all in the complicated flashing eyes of everyone, smiled and showed a mouthful of big white teeth, looked around lightly and said: "In 1938, the Securities and Exchange Commission promulgated the price increase trading rules, the purpose of which was to prohibit investors from continuously shorting falling stocks.

Just this year, the Securities and Exchange Commission repealed the rule, a move that has been fiercely criticized by opponents, including CNBC's prominent critic Kramer, as well as my Newsweek and Observer, who have repeatedly stressed that the decision was entirely demagogic to free market theorists who have long wanted to abolish this most important trading buffer. After this rule is repealed, hedge funds can arbitrarily suppress stock prices, thereby harming the interests of good companies!

Hehe, Mr. Cox, are you now telling us to limit shorting?"

Andy's words made everyone present look at each other, they understood better than anyone how this rule was abolished, and Cox was a little embarrassed by Andy's explanation, and the people present were all senior industry insiders, and they were very clear about the cattiness.

After all, in that era of national ecstasy, in order to make a profit and then obtain greater benefits, the call for deregulation, relaxation of restrictions, and even the lifting of all restrictions will resound in the sky!

As the chairman of the SEC, Cox was very much praised by Wall Street when he made this decision, and after the subprime mortgage crisis came, he found that the repeal of this rule was simply opening a Pandora's box, after all, the repealing of the rule would prevent stock prices from continuing to fall with the frenzied selling of short sellers.

"This is just what we at the SEC believe can be a remedy and a powerful measure to save the market... ”

"In a sense, the government's actions, whether it is the U.S. Treasury Department, the Federal Reserve or the SEC, can only slow down the pace of the trend, whether it is crazy rise or desperate fall, all they can do is delay, not stop!" Andy did not chase after him, after all, he was a guest he invited, with a light smile on his face, and no one present would regard him as a young stunned young man, because in his success, everyone regarded him as a peer of equal status.

"I'm sorry guys, but I need to miss a moment... ”

Andy bowed slightly with a bright smile, apologizing to the crowd in this small circle, as the host, it was impossible for him to favor the guests, although everyone wanted to hear the opinion of his Wall Street genius, but they could only helplessly watch Andy turn away, put the empty wine glass on a waiter's tray, pick up a cocktail and walk to another circle.

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

Warren Buffett glanced at Paulson, whose face was as heavy as water, and smiled lightly: "His eyes are on Britain now. ”

"What a great young man!" said the Morgan Stanley CEO with a wry smile and took a sip of the cocktail in his glass.

Goldman Sachs' Lloall Blancfan also smiled bitterly, "He still refuses to withdraw the CDO gambling insurance now, and he doesn't want to take a penny less than 489 million!"

"He's also short of money, understandably. Ken Lewis, CEO of Bank of America, who had a faint smile on his lips, said lightly.

The others rolled their eyes at the same time, and Citi and Bank of America present were following Andy to make money, so they would naturally help him speak.

Greenberg, the chairman of AIG Insurance Company, took a glass of red wine again, squinted his eyes slightly, and said with a smile: "His record in the last month is very impressive, this time he concentrated his firepower on the British, and everyone has no idea? After all, he has not failed so far." ”

"Don't look at me, we don't hedge in Berkshire... Warren Buffett looked at the sparkle in everyone's eyes, and knew that everyone present did not ignore this rising star who rose at the speed of light, and was watching him.

Andy naturally didn't know what everyone was talking about after he left, but even if he knew, he didn't care, if these people really followed the footsteps to harm Britain together, it would be a great thing, so that the power of the bears would be even stronger, and they could rest assured that they would push the British to the ground and slaughter them wantonly.

"Mr. Alexander, you are undoubtedly a respectable and successful team owner, having won two championships since the $85 million acquisition of the Rockets in '93. Andy looked at Leslie Alexander, who was wearing glasses, thinning hair, and wrinkles on his forehead slowly unleashed by his words.

"Thank you, young man, I'm honored and happy to have owned the Rockets for the past 14 years," Alexander seemed to have made up his mind to sell the team, or he wouldn't have agreed to Andy's request to be on the team, "I've had an incredible opportunity to see the players and coaches accomplish real things, whether they've won championships for the city, or been named to the All-Star and NBA All-NBA First Team, or have been inducted into the Hall of Fame, or have contributed to the team and the fans. ”

Andy looked at Alexander, who looked like a general and slightly tired person in front of him, probably because he was annoyed by the financial pressure on the fans and reporters, although he sighed in his mouth, Andy could see the old man's lost and unwilling eyes.