Chapter 474: Hunting Four Billion (Medium) Crazy Counterattack
Andy didn't know that his appearance and intervention had deflected many things, and even if he knew, he would say lightly, it's my!
When Andy was extremely satisfied with tonight's harvest and took his plump stunner girlfriend home to play a game of joy, he didn't know that he was looking forward to the subprime mortgage crisis because of huge profits.
However, the U.S. government and the Federal Reserve are trying to avoid risks and slow down the timing of the subprime mortgage crisis, so that they have enough time to deal with or release the huge impact and harm of the subprime mortgage crisis.
Two days after the negotiations with Da Mo began, Thursday, May 31, 2007.
Andy watched as he watched Paulson on the TV with a shitty face.
"The U.S. government is closely monitoring the subprime mortgage crisis, believing that the current situation is still manageable, and that the overall U.S. economy will not be dragged down.
Although the cooling of the U.S. housing market has caused some losses to the subprime mortgage market, it will not hurt the overall U.S. economy. ”
Paulson also said in an interview with American television that the U.S. housing market is undergoing a major correction and that it is still too early to tell whether the market has bottomed. He also stressed that it is not surprising that there are some problems in the subprime mortgage market due to the fall in house prices, but they are largely manageable.
On the issue of falling stock markets, Paulson said, "I continue to believe that the U.S. economy is healthy." He noted that U.S. exports continue to grow faster than imports, consumers continue to spend, inflation is under control, and the U.S. economy is now growing at a "sustainable pace."
In addition, Lehman Brothers strategists also pointed out that the amount of bad debts in the United States mortgage defaults may climb to $225 billion in the next two years, but this is not enough to drag down the US economy.
Andy stood in the living room with a gloomy face and a sneer on his lips, watching Paulson talk nonsense with his eyes open, and Ivana hugged Andy from behind with a worried face and pressed her face against his back.
"Hehe, don't worry, although there will be twists and turns, the general trend will not change in the slightest, and some people will pay a heavy price in the end!"
However, in order to boost the US economy, half an hour before the stock market opened, the US Federal Reserve announced that the short-term interest rate remained unchanged at 5.25%, driving Wall Street stocks sharply.
Officials in Massachusetts said they had requested documentation from UBS Securities and Bear Stearns for their analysis of research on subprime mortgage lenders, including New Century Finance.
Barney Frank, chairman of the House Financial Services Committee, said he plans to introduce a bill that would limit overly risky mortgages if the subprime mortgage market goes into trouble.
But the Democratic lawmaker also said he did not believe that the problems in the subprime mortgage market pose a broad threat to the US banking system. U.S. Treasury officials in charge of financial markets have similarly said that the crisis in the subprime mortgage market will not spread.
"We are watching closely. We think the capital markets as a whole, including the mortgage market as a whole, are doing quite well. The official told the media that "the government will continue to monitor and assess the market situation." ”
Members of the Senate Finance Committee said Congress is likely to focus on the risks faced by large banks investing in subprime mortgages and whether the current situation is appropriately reflected in stock prices.
According to PMI Group, a mortgage insurer, the home finance sector has grown too fast in recent years, and many lenders are willing to ignore applicants' poor credit histories.
"For a long time, we have been saying that the market is underestimating risk. We believe that the risks in this area are higher than some people think. A spokesperson for PMI Insurance said. ”
In the office, Andy leaned back in his boss's chair, holding down his temples that had been beating wildly, and the situation changed, and for two days in a row, various characters appeared on the stage, promoting all kinds of lies to boost the economy, trying to cover up the risk of the subprime mortgage crisis erupting.
In the past two days, he can also feel the expressions and mental changes of the employees of Liberty City Investment Company and Gaia Company, all of them are worried about the future of the company and their own future, because they are no longer confident in the work they have worked hard for months.
"The boss... ”
Andy's slightly closed eyes opened suddenly, revealing a chill, and he frowned and looked at Torrey Black, the little assistant who looked timid and shrunk his neck slightly.
Seeing her look like she was angry, he couldn't help but laugh angrily, to be honest, he was in a very bad mood in the past two days, he said he wasn't worried, he was full of confidence, it was really nonsense, and he didn't settle down at the last moment, who knows what would happen.
After all, he is a person, not a god, and emotional fluctuations and external stimuli will affect him, which is a big gamble related to all his net worth.
Seeing a smile on the Great Demon King's gloomy face, Tory Black also breathed a sigh of relief, "Mr. Stone, I'm waiting outside to see you." ”
"Let him come in, make me a caramel macchiato... ”
The little assistant saw that the big demon king had returned to his previous tone and expression, and his mood became happy, and he nodded and walked out of the office with his little buttocks.
Soon Badstone walked in, with a wry smile on his face, and said to Andy: "It's arguing again, I really can't stand the atmosphere inside, I really admire Al's eloquence." ”
"Why, the people of Da Mo are still the same as yesterday, trying to lower the price? Aren't they clamoring to stop talking? Looking at their increased bullish advocacy in the major media in the past two days, I thought they would pat their butts and leave!"
Andy is upset because of the dying struggle between the government and the Federal Reserve, and he knows what will happen, but he can only watch this group of clowns deceive, cover up, weave lies, and affect the progress of his plan again and again.
"Ha~" Badstone showed a mocking sneer on his face, "They want to pat their butts and leave, but they know the real situation better than anyone else, and the high-level group on Wall Street is aware of the crisis and tightens their money bags." Their sudden turn is undoubtedly manipulating the market, trying to cash in their chips and reduce losses before the crisis completely breaks out!
And boss, don't forget the true identity of Treasury Secretary Paulson, although he gave up the high-paid position of chief executive of the investment bank Goldman Sachs and sold all his shares in Goldman Sachs, his Goldman Sachs genes will not change in the slightest. ”
"The time to pull the trigger is always much less than the time to wait. The prey doesn't want to be caught obediently. Andy said with emotion, in fact, he still didn't say a word, that is, this torment, only if you have been there, can you really understand it!
"Since they are not afraid of dragging, then drag it down, and when the lid can't be covered and there is an inflection point, then Da Mo will have no choice, and they can only accept all our requirements. Badstone said as he smiled as he took the coffee from Torrey Black.
"Are they still uncompromising on convertible preferred stock?" Andy Meimei enjoyed the caramel macchiato in the cup, he still liked sweet coffee, it was too bitter to stand it, but Lao Mei still had a preference for bitter coffee.
"They think that the conditions we open are too harsh, 1 billion US dollars of preferred shares, they can't accept it, and they also want to limit the time range of our preferred shares.
Hehe, their negotiation team, it seems that because of the market changes in the past two days and various big names coming out to endorse the market, their momentum has increased a lot, and they have begun to put pressure on us by using the general environment, but they also know that there is little hope, but the amount of preferred shares has been stuck at 500 million, and they have not let go at all, it seems that this is their bottom line. ”
Andy listened to Badstone's analysis, put down the coffee in his hand, reached out and touched his chin, narrowed his eyes slightly, and thought, "What is their market value now?"
"It's about more than 50 billion, and the preferred shares given to us are also calculated according to the value of one percent, but it will definitely fall sharply in the future, and if it is specified in the time range for cashing, it will greatly shrink the benefits. ”
Andy nodded heavily, got up from the boss's chair, tightened his somewhat loose tie, ignored his rolled up shirt sleeves, and said to Badstone: "Let's go, go to the conference room, I don't have the patience to keep entanglement with them, and the follow-up plan doesn't allow us to continue to waste time on them!"