Chapter 1170: Whoever has cash is God!
While the Beijing Olympics are in full swing, the entire Wall Street is still shrouded in the clouds of the financial crisis, and the former financial giants are struggling to survive the financial crisis.
Although Paulson and Bernanke have repeatedly emphasized that the current credit crisis is the worst since the Great Depression, and that if action is not taken soon, market conditions could deteriorate further, with serious consequences. But conservative forces still raise objections to such a large spending program and extensive intervention in the private market.
During the presidential campaign, Paulson will have to keep in touch with two presidential candidates, O'Black Bull and McCain, because if either of them were to oppose the measures taken by Congress, it would put the American economy and the world economy in great jeopardy.
O'Black Bull is a very concerned issue, and he regularly communicates with Paulson and the Treasury Department, and surprisingly supports Paulson's measures. On the other hand, McCain, who is also an Elephant Party member with President Flying Shoes, has the opposite principle, and he feels that these measures are unpopular, so Paulson's communication with him has been very difficult every time.
And the two parties are tearing apart more and more, if you want a really decisive rescue plan, then Paulson must convince everyone, and this, he can't do it alone, and Andy's olive branch is undoubtedly his weakness, even if the other party wants to install personnel into the rescue city government team, he has to agree.
As for Andy's ability to help him, he had no doubt at all, because at the next lunch table, old Smith gave great recognition to his rescue work, and old Smith was undoubtedly the leader of the largest conservative force in the Elephant Party.
Andy's think tank, headed by the Vulcan Alvitatre, which Paulson valued, brought him a huge surprise.
When lunch was over, he met with Alvitatre and said that he wanted to put the "two rooms" under the receivership, and Al did not hesitate to give a suggestion after receiving a nod from Andy.
"Immediately have the Federal Housing Finance Agency send a letter to Fannie Mae and Freddie Mac announcing that the report they submitted earlier certifying their capital adequacy is invalid and that the Federal Housing Finance Agency will re-examine their capital adequacy ratios... โ
Listening to Alvitatley's indifferent face, but his tone was full of cold and murderous advice, Paulson's eyes couldn't help but light up suddenly, this is undoubtedly a complete push to the legal basis of the two rooms, although the means are a little violent, but for the cheeky two rooms who want to kidnap Washington, it is really suitable.
โใใใ Finalize the semi-annual review report on the two houses in the harshest terms, analysing in detail the capital and management deficiencies of the two companies and pointing out all the areas where they have not made corrections as required. Interview the current management and board of directors to force them to agree to a takeover plan, and then, replace the two current CEOs, conduct a full takeover, reduce their large portfolios, and stipulate that they can no longer lobby the government... Nationalization is finally completed!"
Listening to Alvitatre's murderous overall plan, Paulson really felt a chill in the back of his neck, and a chill in his heart was rising, this was really ruthless and decisive, and he was directly crushed by the general trend.
glanced at Andy Smith, who was a little old god, and couldn't help but sigh in his heart, what kind of boss is really there, what kind of subordinates he has.
Paulson knew that this would require some detailed preparation, but the Alvitlette proposal in front of him was undoubtedly more feasible than what he and the Treasury Department and his staff could have thought of at the moment.
"Mr. Vitreux, I formally invite you to add the White House Financial Rescue Task Force. โ
Looking at Paulson's outstretched hand, Alvitatre glanced at Andy who was smiling, and after Andy smiled and nodded, Al showed a faint smile on his face, reached out and shook the other party's hand and said, "It's my honor!"
"Okay, I'll lend it to you, did you sign the consulting agreement with our Gaia company on behalf of the Ministry of Finance? Andy smiled and looked at Paulson, who had a smile on his face.
Paulson, who was a little relieved, heard Andy's words, and almost sprayed a mouthful of old blood on Andy's face, and said to Andy with a smile: "You can also look at that money?"
"No matter how small the mosquito is, it's also meat, besides, some things are more reliable in black and white, what do you say!" Andy doesn't think that hundreds of thousands is a small number, and more importantly, this agreement can be a shield for some things to some extent, so as not to be settled by the autumn.
You must know that after the financial crisis, almost all the parties who benefited from the crisis were included in the investigation list, and they were called by the investigation team set up by Congress to complete the hearing, even if the Treasury Secretary in front of him was questioned and suspicious because Goldman Sachs profited from the crisis, of course, this guy got the amnesty document from Congress and the White House early, so he was only criticized, and was not investigated, even so, he participated in many hearings and explained some decisions, Andy, how could he not prepare more shieldsใ
Paulson shook his head and smiled and took the folder that Alvitler handed him, opened it, looked at it, and after confirming that it was okay, he took the pen handed by Andy, sighed, and signed his name on the document.
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Looking at Paulson's back as he left, Andy stood in front of the big red door of the courtyard and smiled at Al beside him, "In the next few months, you'll need to fly back and forth between Washington and New York." โ
Al smiled indifferently: "It's worth it to be involved in the decision-making level, and Paulson's power is too great now, if you use it well, the boss can get more benefits in this bailout, and you can't let Goldman Sachs eat all the benefits." โ
"Hehe... The corners of Andy's mouth turned up, and a smug look appeared on his face, and as he walked towards the house, he asked Bad Stone, who had not spoken beside him, "How is Lehman?"
"At present, we have begun to prepare for the end, and we will withdraw from the market step by step, and this time Goldman Sachs shorted Lehman is too obvious and is suspected of manipulating the market. According to the data, Lehman Brothers is already in a precarious situation, and it is facing more difficult than imagined, because of the impairment of residential and commercial real estate assets, Lehman Brothers is expected to lose $3 billion to $4 billion in the third quarter, and worse, they have little cash flow left, and if the government does not intervene, it will face only being swallowed up, liquidated, or bankrupt. โ
"Hehe, waiting for the government to rescue?" Andy couldn't help but chuckle and shook his head and asked, and said leisurely: "If the two houses are taken over and the rescue is funded, do you think the ordinary people, Congress and the two parties will agree to sacrifice the interests of the Nashui people to carry out the rescue operation?"
Unemployment is high, the economy is clearly deteriorating, hehe, no politician wants to be on the opposite side of the rising populace. It's an election year!"
Al and Bud glanced at each other, both saw a glint in each other's eyes, followed Andy in silence, and walked back to the cool, simple and elegant Chinese study.
"What is the profit from shorting Lehman this time?" said Andy as he sat on Huang Huali's circle chair and asked with a relaxed smile.
"The current earnings are $620 million, which may fluctuate due to the sequential decline of the withdrawal. โ
Hearing the numbers Bardstone said, Andy couldn't help but laugh out loud: "Sure enough, the financial market is the fastest way to make money, no wonder everyone is reluctant to engage in industry, and they all plunged into Wall Street." โ
The big boss's exclamation made Al and Bad Stone laugh, they naturally knew that although the young boss in front of him said so, but looking at his layout, he knew that his interest in Wall Street was not very great, but the favor of the boss of the industry.
"Prepare more cash, the next few months, but the best time to pick up the bargain, take advantage of the opportunities brought by the chaos to maximize the benefits, will be our next most important work, then whoever has cash in hand, who is God!" Andy smiled happily, showing a mouthful of white teeth.