Hanging up the phone, Paulson pinched the bridge of his nose, frowned, picked up a document on the table in front of him, and carefully reviewed it again, this is a comprehensive plan to help financial institutions divest non-performing assets.

He will be on his way to the White House with Bernanke for a meeting of the President's Working Group on Financial Markets. It was the second time in three days that they had met with the president to ask for his support for a radical and unprecedented intervention in the U.S. financial system.

The government stepped in and bought toxic assets directly from bondholders, thus bringing their balance sheets back to normal and able to maintain credit rollovers!

The cost of 500 billion US dollars, this is only an estimate, looking at the figures given by his subordinates, Paulson had a wry smile on his face at this moment, and his heart was extremely helpless, it is conceivable that when he submitted this plan to Congress for discussion and approval, the big men in Congress would definitely drown him with spit。。。。。。

After being hit by the financial wave, Wall Street now adheres to the golden principle of "no news is good news". Treasury Secretary Paulson's intention to establish a trust company-like institution to pay for the bad debts of financial institutions was spread almost immediately after the meeting, and then the three major U.S. stock indexes took advantage of the situation to rebound sharply.

And Andy, who was still flying in the sky in the sky in the palace, guessed that this would happen when he received the details of the meeting of the White House Financial Markets Working Group. The stock market soars for him, a big bear, is undoubtedly unwilling to see, the money he makes has become less, and he can be happy to be called a ghost.

But that's the case with a bear market, which is particularly sensitive to news, and if this sensitivity is measured on a scale of "one to ten", then this report sensitivity is thirteen. But if it turns out to be a rumor tomorrow, the stock market will definitely turn around and fall.

In the current state of the economy, those who have suffered from the subprime mortgage crisis are happy to see that the government is finally willing to pay. Those investors are hoping that the government's strong intervention will help financial institutions divest their mortgage debts so that they can recover some of their losses.

In Andy's view, in a sense, government actions, whether it is the US Treasury, the Federal Reserve or the US Securities and Exchange Commission, can only slow down the pace of trend development, whether it is crazy rise or desperate fall, all they can do is delay, not stop!

They know this better than anyone else, and the Federal Reserve is definitely the first to know the real inside story of the subprime mortgage crisis among the few forces that first discovered it, but they have no way to stop it, let alone lift the lid directly, but continue to use interest rate cuts and dollar depreciation to release pressure.

Whether it's 500 billion or 700 billion, it's all sandbags, is it useful to block rivers and break embankments by relying on a few sandbags?

Hehe, that's!

There is no bank in the world that has the ability to fully repay all deposits, they are nothing more than 10,000 yuan to do 200,000 yuan, this is still a reliable traditional bank.

As for the group of people on Wall Street, they are doing 1 trillion things with 10 billion, the purpose?

It couldn't be clearer, make money!

Earn quick money, make big money, make money for all the prey you can make right now!

The price will only be cared for, that's when the storm comes!

Therefore, in the face of the storm and the fierce waves, confidence! Only the restoration of confidence can really contain the recession of the capital market like the whirlpool of the Milky Way, otherwise it will be a night from sitting in a Rolls-Royce to going to a meeting at the Federal Reserve to queuing up on the street to receive relief food!

As for the abuse of financial leverage, which is attributed to many people, if you give up, you can avoid another financial crisis, the question is, can you give up?

That's even more of a joke, because in the modern world, it is impossible to give up, and in today's capital-efficient carriages, which are already running at very high speeds, any form of braking can cause overturning and rollover!

Before Fannie Mae and Freddie Mac, the U.S. Treasury Department and the Federal Reserve had not discussed the issue of the U.S. housing market bubble, but what they were thinking at the time was - a soft landing!

Well, now it seems, it did land, but face down!

Thinking of the current wailing global stock market, Andy is also very emotional, as those ordinary investors, to be honest, they are definitely in a weak position in the capital market, what kind of folk stock gods, the wealth myth of the stock king, is all nonsense!

The vast majority of the so-called acquisition of wealth is a fantasy or "temporary handover, but it will fly away"! As long as you don't quit completely, you will never become a winner!

Money, like a trickle, flows from the hands of every salaried citizen, through the complex framework of financial theory, layer by layer, step by step, and finally the money flows into the "pockets" - their pockets.

Well, for Andy now, there is no doubt that this kind of compassionate thought has a bit of crocodile tears in it, however, it is so, although it is a bit cruel.

couldn't help but smile self-deprecatingly, and set his eyes on the latest issue of Forbes on the table, the "Top 400 Richest People in America" list. Bill Gates, the founder of Microsoft, defeated Warren Buffett, the "god of stocks", for $57 billion and regained the richest man.

When calculating the value of the richest in this ranking, the stock price on August 29 is used. After all, the recent stock market turmoil has caused some wealthy assets to shrink very seriously.

Warren Buffett, chairman of Berkshire Hathaway, has $50 billion in assets, ranking second. Oracle founder Lawrence Ellison has $27 billion in assets, ranking fourth.

In March this year, Warren Buffett replaced Gates as the world's new richest man with a personal fortune of $62 billion.

But since February, the price of his shares in Berkshire Hathaway has fallen by 15%, and assets have shrunk by $12 billion.

As for Andy, tsk, he is crazy to be in third place with $32 billion, but the soaring assets of $11 billion is not the most eye-catching, and the last comment of Forbes also makes everyone admire.

"The plutocrats are not getting richer, which means the economy is stagnant. Andy Smith, of course, is not among them, none of his companies are listed, and once listed, Andy Smith's personal wealth will swell to an astonishing level. ”

Although this is only a temporary list of American wealth, the influence of Forbes is still undoubted, looking at Bill Gates, who ranked first, and Warren Buffett, who ranked second, could not avoid asset damage, not to mention the 126 disappointed people whose assets have shrunk seriously in the rich list.

Among them, gambling tycoon Sheldon Adelson has lost $13 billion in assets in seven months due to the sharp drop in the price of his shares, which is equivalent to "losing $1.5 million per hour".

In this economic environment, after deducting liabilities, Andy Smith's assets can still grow at a rate of tens of billions, which is simply blinding everyone's eyes.

Not to mention his cash growth, just the Spurs Hotspur club in the Premier League, with the acquisition of Manchester City, a series of money-throwing behaviors by desert tycoons, the most direct effect is to make the valuation of each team in the Premier League have increased dramatically again.

Tesla's supercar, which has been rolled off the assembly line and started to be delivered, although it has attracted great dissatisfaction from customers because of the initial price increase, Andy gritted his teeth and would rather refund dissatisfied customers than make money without losing money and ensuring the company's profitability Policy, it was indeed a little troublesome at the beginning, but with all kinds of crazy publicity, and the concept of blowing the cowhide was thrown out, and more importantly, the car sold could make money, and this series added up to raise the valuation of Tesla to $700 million.

Not to mention the Marvel Group, which has successfully turned over, a "Iron Man" will make all film companies envy and regret it, and even the remake of "The Incredible Hulk" has temporarily suffered some losses, but after all, the global box office is also a summer blockbuster that broke $300 million, and naturally Marvel's valuation has been raised again.