Chapter 586 Real Rights
In fact, Sophia didn't want to pay attention to them, but the Isabelles begged bitterly, the loss of nearly three billion was enough for them to spend the rest of their lives in prison, and they also borrowed money from the gangster bank, which can not be solved by bankruptcy, they want their lives or money.
In particular, the financial tsunami hit, the gangster bank also went bankrupt, they have entered the edge of madness, there is no money, so they take human lives to make up for it, and Isabel, who once called herself a noble countess, is also forced by them to be extremely painful and embarrassed.
The elder Ronaldson also had a large deficit in the subprime mortgage market, and he lost badly for ten years, and he said to Isabel: "Except for the third sister, no one can save you." ”
Sophia remembered the old love, so she had to come to the rescue, Mark repeatedly said that the family business has been on the right track, no longer need to engage in any risky business, Sophia in order to help her sisters, with her own equity pledge, buy futures indexes.
Because Mark said that Lehman Brothers went bankrupt, the stock market will fall sharply, this is a good time to speculate on the futures index, but Mark means that it is good to play, mainly to make up for losses, but it is equivalent to some kind of hedging.
Sophia repeatedly assured Mark that she used the family fund to speculate on the futures, and if she won and counted her share of the family fund, she would take out a part of it to fill the hole for Isabel and lose hers.
This is a borrowed chicken to lay eggs.
Or Mark's atmosphere: "As the chairman of the family fund, your decision is the decision of the family fund, whether you win or lose, it is the family fund." ”
Mark is standing and talking without pain in his lower back, they have won, of course they are happy to be generous, in this world, he is the only one who has the perspective of God, with the huge asset scale of their group, they can easily earn billions.
MM's successive battles and rapid rise have attracted the attention of the elder Ronaldson, and his decision to stand for decades is to follow the winner, Mark is a genius at the level of Bill Gates that he has never seen, and after knowing the movements of the Wang family fund, his funds quickly followed up, and did not forget to call his other children in the ward.
So in this financial tsunami that swept the world, the Ronaldson family not only filled the hole, but also made a small profit.
Four years ago, the Wang family lived in the shade of the Ronaldison family, and now they have completed the feeding, David and his wife have not participated in the Ronaldson family's annual meeting since last Christmas, and they have also voluntarily given up the inheritance of the family property, in the words of Isabelle: "The third sister has long looked down on this little money." ”
The new tradition of the Wang family is to spend Christmas at David Beverly Hills' mansion, and they will form their own tradition, a family on the rise.
Therefore, today Mark Xitian princess, Sophia's sisters and brothers came to congratulate, in the name of visiting their grandson, the old Ronaldson did not come, but personally called to congratulate, in the dangerous moment of the financial tsunami, to keep the family assets from shrinking, this is a great victory, so, for Mark, he looked at it differently.
The drastic changes in the economic sphere have brought about changes in people's psychology, and people are increasingly losing their sense of security.
In this sense, the overwhelming financial crisis is tantamount to "9.11" in the economic field of the United States. The people of the country began to question the government's decision-making ability, and the results of public opinion polls published by several news outlets showed that 78% of those surveyed believed that the current national course was wrong. This subtle change in popular sentiment will undoubtedly exert its "might" in the upcoming white-hot general election in the United States, so the presidential candidates of both parties, Okunhai and McCain, have spared no effort to criticize the current government's decision-making, and have also enthusiastically released "clever tricks" to solve the economic predicament, in order to win over this part of the electorate.
(Of course, this is a serious, if they had the ability, they would have gone to Wall Street and made a lot of money.) )
The financial crisis also had a direct impact on the lives of individuals. Inflation, business closures, and economic difficulties have reduced people's ability to pay, which not only increases the number of people who cannot afford to pay their mortgages, but also greatly reduces the quality of life of many people.
This is not only the common people, but also the rich people are not having a good time, and the landlord's family has no surplus food, so it can counterattack in the tsunami, which is the most remarkable thing, Sophia has also become one of the members of the presidential economic advisory committee designated by the chairman of the Federal Reserve Bank, Bernanke, and said that he will nominate Sophia to serve as a member of the Federal Reserve Board.
The 2008 financial tsunami is regarded as the worst financial crisis in the history of the United States, and then-Federal Reserve Chairman Ben Bernanke led the global financial tsunami, but the course is still controversial to this day.
For the right, his disruption of the market, such as the introduction of quantitative easing, which could trigger inflation and hit the dollar, is very risky, while for the left, his measures are biased towards Wall Street and do not take into account the common people.
In an interview with reporters, Bernanke described in detail the difficulties he faced as chairman of the Federal Reserve of the United States, from uncooperative congressmen, noisy regulators, and arguing hawks to the unfortunate decisions of Europe, in order to defend the decisions of the Federal Reserve, and he pointed out that if the Federal Reserve had not intervened, the fate of the United States would have been even worse.
In an interview with reporters, Bernanke, who was appointed chairman of the U.S. Fed in 2006, lamented that he had unexpectedly become the head of the Fed after living a retired life in South Carolina, full of baseball scores and economic history, and his academic expertise in the Great Depression made him the right person.
On New Year's Day last year, as the subprime mortgage crisis intensified, Bernanke emailed his fellow Fed colleague Cohen and then-New York Reserve Bank President Geithner, frustrating that the Fed was hesitant and overpriced in the face of a deteriorating economy. "Part of this game is confidence, and feeling ignorant and uncertain doesn't help."
In his second year in office, Bernanke was right to be disciplined, and unbeknownst to him, the country was in a great recession, and he would soon need to catch up. Even if he and his colleagues were shocked by the magnitude of the crisis, they could not prevent a recession that would leave millions of Malaysians unemployed.
For him, it would be too simplistic to see the economic collapse of 2007-2008 as a direct result of the Fed's failure to control the housing bubble, and he believes that the more important reason is the panic loss of confidence in the financial sector and the economic environment as a whole. He believes that the ensuing financial crisis was "the worst in human history".
Bernanke acknowledged that the Fed underestimated the risks to the housing market at the time and failed to imagine how the combination of multiple threats could lead to a serious collapse of the financial system. But Bernanke was careful to distance himself from former chairman Grantsbane, saying he had always believed that strict regulation was essential to prevent the risks posed by the economic cycle.
However, the fact that Bernanke and his colleagues have spent trillions of dollars to stimulate the economy and the slow pace of the country's economic recovery is unsatisfactory, no doubt because of the abrupt suspension of stimulus measures by Congress during the financial crisis.
Bernanke openly asserted that "there is only so much the Fed can do without the cooperation of members of Congress." ”
But the Congress doesn't eat this, they are all human spirits, you cooperate with enterprises, when you make a big profit, why don't you say that, why don't you share it with the Congress, now that it's difficult, I think of the Congress, so I pull the Congress to take the blame, we don't carry this pot.
After the subprime mortgage crisis, the damn people dared to take over the subprime mortgage business, hoping to package them into other financial products and sell them to ordinary people, but in the end they wanted the government and the people to pay the bill, and they did not even have the most basic attitude and consciousness of a rescued person; according to public opinion polls, more than 80 percent of the people interviewed thought that Lehman Brothers deserved to die, and not to take these people to shoot them was not enough to calm the anger of the people in the world.
Now that it has finally collapsed, the current approach of the Mi Fed is to enter the crisis response mechanism, enter the slow self-help stage, in this stormy, panicked people, not only the people have lost confidence, even some members of the Mi Fed have lost confidence, some people have proposed to resign, at this time, it is very necessary to pull a fierce man who succeeded in the financial tsunami counterattack to join the committee.
Bernanke received his B.A. in economics from Harvard University in 1975 and his Ph.D. from the Massachusetts Institute of Technology in 4 years, and he taught at Princeton University for 17 years, where he served as chair of the economics department, and was a visiting scholar at the Federal Reserve Bank of the Federal Reserve of Philadelphia, the Federal Reserve Bank of Boston, and the Federal Reserve of Boston. He was appointed by George W. Bush in 2002 as a member of the Mi Fed, and in June 2005, Bernanke became chairman of the President's Council of Economic Advisers, and on February 1, 2006, he succeeded Alan Greenspan as chairman of the Mi Fed.
Bernanke is a scholar-type official, rich in economic theory, and is eligible for the Nobel Prize in economics, but instead of concentrating on his studies, he is obsessed with his career, and in addition to his official career, he is far away from the Nobel Prize.
Bernanke, who has both theory and administrative experience, is a rare all-rounder, has a wealth of contacts and experience in the Federal Reserve system, and is under a lot of pressure to succeed Alan Greenspan, the most powerful and prestigious person in history, and to encounter the worst financial crisis in contemporary history.
The first thing to do is the first killing technique of officialdom, shirk responsibility, pull people into the water, blame each other, Lao Tzu is conscientious, holding eggs across the river to save most of the city, and finally let the group of rice buckets in the Congress that can't be stolen, bad things, save half a year in vain, and spend a lot of money in vain.
Then a series of bailout policies were used, and there happened to be a committee member, because of the bankruptcy of the SDO, he could no longer perform his duties, and it was imperative to replace him, and he noticed that Sophia, who led the Wang family fund to complete the counterattack in this bear market, also entered the sight of many bigwigs of the Federal Reserve of China.
They are willing to believe that the success of the Wong Family Foundation is the credit of Sophia Wong Ronaldson, who played a major role in it.