Chapter 1069 The Exchange of 3 Billion and 50 Billion

"And how are you going to thank me?" asked Paulson, taking a sip of his coffee, placing the cup on his desk, looking at Andy with a sharp look.

"Thank you. Andy looked at Paulson sincerely and thanked him.

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Paulson and Hamilton didn't react at first, thinking that there was something else going on, but it took more than ten seconds for Nima to realize that the bastard's so-called thanks were just a 'thank you'.

Both of them had black lines popping out of their foreheads, and Paulson was even more angry, he was also thinking too much, how could he expect anything from the young bastard in front of him.

"Alright, Mr. Smith, let's stop going around in circles, I'm here today to hope that you can fulfill the agreement, you have got everything you wanted, you can tell me the news you said and learned at the dinner last time!"

Paulson put away the angry smile on his face, looked at Andy opposite with burning eyes, and said straight to the point.

"Hey, Your Excellency the Treasurer, don't mention the acquisition of the bank, I'm really cheated by the FDIC, no wonder they can't wait to reach a deal with me, the non-performing assets and subordinated bonds of the original Indymac Bank are really surprising, you don't know, I have to meet all day now to discuss how to reduce losses, hey, I'm sorry, two, I'm here... I'm going to have a meeting again.,Otherwise, I'll invite you two to lunch at noon... ”

Andy looked at his watch with a wrinkled look on his face, and looked like he was overwhelmed by the bank's troubles, complaining to the two customers, completely ignoring Paulson's questioning.

"Andy, you can't be too greedy... ”

"Hmm, am I greedy?" Hearing Paulson's complaint, Andy, who was still frowning, changed his whole face into an indifferent sneer, and a rhetorical question interrupted Paulson's words.

"The $10 billion loan and the acquisition of four failed banks, in exchange for the death of the short market in the US stock market and the promise of two helps, and my abandonment of the gold market, and most importantly this is a win-win, the FDIC is desperate to find a receiver, and I am interested in the banking industry to curb the continuation of the run...

Don't you think it's a very fair deal? I've solved your big problems, Your Excellency, our deal is over, and we don't owe each other, do we?"

The corners of Andy's mouth turned up, with a faint smile on his face, straightened his arms, put the coffee cup on the desk, supported his arms and elbows on the armrests of the boss's chair, crossed his hands in front of him, and said in a somewhat clear voice.

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Paulson's expression froze slightly, he frowned and opened his mouth, wanting to say something, but Andy Smith's words really couldn't be refuted, but Andy in front of him was indeed a nasty bastard, crossing the river and demolishing the bridge, waiting for the price to sell.

His own big boss was speechless, and Hamilton, as the chief of staff, naturally didn't look at the boss in an embarrassing situation, and watched Andy open his mouth and said: "But we contributed to the early takeover of Indymac Bank, and this is undoubtedly helping you... ”

"I'm thankful, really, that you guys are very good partners. Andy shamelessly continued to turn things over with a word of thanks, and Hamilton almost choked a mouthful of old blood.

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Paulson stared at Andy with a grim face, neither of them indulging.

"Tell me, what do you want this time? Don't go too far!" Paulson almost gritted his teeth, to be honest, since he took over the position of finance secretary in the government of Little Flying Shoes, he has basically sat on a crater, and he will block wherever there is fire.

Not only is he tired, but he also has to face the difficulties and quarrels of the two houses, to be honest, he really regrets sitting in this thankless position, dealing with a group of greedy and selfish vampires, and the negative energy accumulated in his heart is too much.

Well, even if he himself used to be the same person as their group of guys, after all, he was once the chairman of Goldman Sachs, and he was also a maker and a participant in the current subprime mortgage crisis.

"There is no way, the current bond market is in a state of shutdown, sorting out the non-performing assets of Indymac Bank is currently our biggest headache, and the $3 billion MBS bond has become a cancer that the bank can't get rid of...

I know that the Federal Reserve has launched an innovative liquidity support tool, the TSLF, which is an asset swap agreement that swaps Treasury bonds for assets pledged by primary securities dealers in an auction and returns them at maturity for six months.

It's a pity that we are new to the banking industry, the foundation is weak, the family is small, and we can't compete with those large institutions like two-room and Lehman, and the hope of being able to shoot is very slim, and the validity period is a little short, we are really sad to death... ”

Paulson and Hamilton's faces suddenly changed color, and they were a little unacceptable to Andy's big appetite, and they wanted to exchange 3 billion toxic bonds for national bonds of the same value with one mouth, which he meowed to rob openly!

You must know that these treasury bonds can be used as collateral to exchange funds of the same face value in the area, and the form of auction can allow the Federal Reserve to reduce losses, and even survive the most difficult stage by bailing out the market, and when the real estate market recovers, you can make a small profit.

But the one-to-one ratio of exchange, this is undoubtedly something that the Fed cannot accept, even if the scale of 3 billion is not large compared to 75 billion, but this undoubtedly allows the Fed to bear all the risks of this part of MBS.

Being so greedy at a young age, Andy once again refreshed Paulson's impression of him.

"Hehe, 3 billion replacement bonds... Andy, I'm really curious if that news of yours is really that valuable?"

Andy didn't pay any attention to the sneer on Paulson's face and the sarcasm in his words, but just smiled faintly.

"Don't really say it, the 3 billion replacement treasury bonds really can't be replaced, I'm very loulous, very, very bad! However, who makes us friends, and partners, let's suffer a loss, after all, the stakes are high, and it's useless for me to grasp this news... Oops, no, it's not useless, it's powerless!"

"Hehe, yes, since there is nothing you can do, you might as well say it, maybe we can deal with it... ”

Andy this time was like a stunned young man who had no scheming, and did not continue to hide and said: "Actually, it's nothing, it's just a Ponzi scheme worth five or six billion, tsk, the problem is that this big scam can't survive because of this economic crisis, to... ”

As he spoke, in Paulson's astonishment and Hamilton's stunned, Andy had an incomparably bright smile on his face, a mouthful of white teeth, and his hands made an explosive gesture.

“BOMD。。。。。。 ”