The U.S. political axe has announced a bailout plan, but is it useful? If it had worked, then the financial turmoil would not have erupted. Of course, for some people who don't know, they still believe that the rescue plan of the American political axe is effective.

However, as far as Lu Shaohua knows, on September 19, U.S. Treasury Secretary Paulson unveiled a bill plan to improve the economic distress caused by the subprime housing credit crisis.

U.S. Treasury Secretary Paulson proposed a problematic asset solution (later consolidated in the Economic Stabilization Emergency Act of 2008) that would allow U.S. politicians to buy problematic liquid assets (also known as distressed assets) from financial institutions. This bill is quite difficult to determine for the important names in the financial security of the United States.

In a consultation meeting between the Secretary of the Treasury, the chairman of the Federal Reserve System, and the chairman of the Securities and Exchange Commission, the president of the US Congress and the President of the United States proposed a plan to further comprehensively solve the problem of non-performing assets of financial institutions.

On the eve of the weekend, the Minister of Finance and President George? Bush announced a bailout package that included a $700 billion policy allocation to purchase non-current real estate-backed securities, with the aim of increasing liquidity in the subprime loan market and reducing the losses that financial institutions that own these securities. The draft plan has received a positive response from stock market investors, and the details of the plan are yet to be finalized by the House of Representatives.

Of course, there are some people who support this bailout bill, and there are people who oppose it, and in the United States, there are still some people who oppose it, but, in general, the financial turmoil has been caused, no matter what kind of bill it is, it is irreparable.

Especially when Lehman Brothers filed for bankruptcy, it was already doomed, no matter how hard the US political axe tried, or the kind of fake efforts of the American political axe, it was no longer possible to control the situation, and the financial turmoil had already been achieved.

Lu Shaohua knows this very well, Li Yunqing also knows this, and Liu Mingzhang and Li Zongen know this, so when Lu Shaohua proposed that Lehman Brothers should be finished, neither Li Yunqing nor Liu Mingzhang, nor Li Zongen did not react much.

On the contrary, Liu Mingzhang and the three of them smiled lightly, as if Lu Shaohua was not surprised when he said anything.

There was only one exception, and that was Lin Yi, but he didn't react much, just listened quietly, and then showed a thoughtful look, as if he was considering whether Lehman Brothers would really go bankrupt.

But the topic has already entered, and it is impossible for Lu Shaohua to consider Lin Yi, because what he is going to say next is not about Lin Yi, he is just a good listener.

"I think you should have read the data I gave you, and the date is marked there." Speaking of this, Lu Shaohua paused again, and then continued. "It can be said that the whole month of September is the time when the financial turmoil broke out in full swing, and it is also the peak of this financial turmoil, with the United States as the center, sweeping the world."

Lu Shaohua's words are absolutely well-founded, because Lu Shaohua's memories of his previous life tell him that since September 14, the situation in the world has become extremely unstable, especially the United States' dogleg Britain, and on September 28, the Ministry of Finance implemented a bailout plan for Bredford-Bingley, Britain's main mortgage bank.

What is the bailout plan, that is, the political axe to help the bank, and the bank wants the political axe to help, what does it mean? It means that the bank can no longer withstand it, otherwise the political axe will not intervene.

On the same day, Fortis, one of the largest banks and asset companies in the Benelux countries, partially nationalized its assets, with Belgium, the Netherlands and Luxembourg investing a total of 11.2 billion euros (about $16.3 billion) in the bank. On the same day that Belgium bought 49% of the assets of Fortis Financial's Belgian division, while the Netherlands did the same with Belgium for Fortis Financial's Dutch division, and Luxembourg agreed to lend 49% of Fortis Luxembourg's convertible shares to Fortis Financial's Luxembourg division, on the same day, Achovia, the fourth largest bank in the United States, was acquired by Citibank.

Lu Shaohua can know from all the information in his previous life that the political axe of the United States is really powerless, and the political axe of European countries is also powerless, and they can only watch the financial turmoil roll towards them, and they are powerless to resist.

Yes, financial turmoil is actually no different from natural disasters, and its outbreak is no longer something that human beings can resist. It is precisely because he understands the key to this that Lu Shaohua dares to judge that the financial turmoil is unstoppable.

"Actually, if you want me to say, it is already a miracle that the financial turmoil can drag on until now and start to break out." Liu Mingzhang didn't forget to interject and said. "Looking at the substandard crisis to the present, the situation must not be very stable, it can be seen from the Dow Jones Industrial Index in New York, the ups and downs, which in itself illustrates a problem, there are ghosts in it, but it has been dragged out until now, it has been nearly a year, what will it be if it is not a miracle."

"I agree with the inscription, it's a miracle that it has been delayed until now." Li Zongen, who has always been a little quiet, spoke at this time, and then did not forget to throw a question to Lu Shaohua. "Judging from the data, on September 29, there will be a huge fluctuation in the U.S. stock market, but according to normal thinking, it is somewhat unlikely."

This is the question raised by Li Zongen, and the source of the problem is the data provided by Lu Shaohua, according to the data provided by Lu Shaohua, on the day of September 29, the US stock market suffered a heavy decline, the Dow Jones Industrial Average fell 300 points in a few minutes, and finally fell 777.68 points, the Nasdaq fell 199.61 points to fall below the 2,000-point mark, and the S&P 500 index also fell 8.77%. Finally, the Dow Jones Industrial Average posted its biggest drop on the day.

The Dow Jones Industrial Average is definitely a representative index, but what does it mean to fall 300 points in a matter of minutes? How scary, just saying this, Li Zongen can't believe it, to say that a morning or an hour plummeted by 300 points, Li Zongen may still be able to accept it.

After all, when the financial turmoil comes, it is normal to fall by more than 1,000 points a day, but it falls by 300 points in a few minutes, which is a little scary, and it is difficult to believe, but the data provided by Lu Shaohua is written like this.

Maybe he felt that there was something wrong with that data, so Li Zongen asked. Of course, it was not Li Zongen who questioned Lu Shaohua, but he wanted an explanation.

As for Lu Shaohua, he is not a fool, so he naturally heard what Li Zongen wanted to know, so he smiled and said. "If the U.S. political axe comes up with a plan that doesn't pass the Senate, do you think it will hit the stock market?"

This is Lu Shaohua's rhetorical question, and it is also Lu Shaohua's answer to Li Zongen's question.

In fact, it was also on September 29 that the US bailout plan, the Economic Stabilization Emergency Act of 2008 (HR3997), grew to 110 pages and was introduced in the House and Senate later that week. After 40 minutes of public voting in the House of Representatives, the bill was rejected by 205 votes in favor and 228 votes against.

If a bill cannot be passed, and in a sensitive period, the impact can be compared with usual, not to mention that the bill itself is aimed at the financial turmoil, so the impact is immeasurable.

"If it's for the financial turmoil emergency bill, it may have a huge impact, which will affect the stock market." Li Zongen said lightly.

"......" Lu Shaohua smiled lightly and said. If this situation continues, the US Treasury Department is bound to introduce some bills, otherwise it will be difficult to convince the public, and more importantly, this year's US presidential election is scheduled, and the candidates are destined to have some measures in order to canvass for votes, and some of them are also to express their stance in order to cater to the new officials. ”

The United States is like that, especially in the election year, the candidates will drill there if there is sweetness, and there is no doubt that this year is an election year in the United States, and it happens to encounter a financial turmoil, how can it not be linked to the financial turmoil and the general election.

However, Lu Shaohua's words woke up Li Zongen, no, Li Zongen understood after being stunned for a moment, and nodded with a smile, indicating that he had understood.

Now that Li Zongen has said that he understands, Lu Shaohua doesn't need to explain anything too much, his eyes swept over the faces of Liu Mingzhang and Li Yunqing, and he made an inquiring look, as if he was asking them with his eyes, if he had any doubts.

And Liu Mingzhang and Li Yunqing didn't seem to have any doubts, and they all shook their heads.

In fact, Liu Mingzhang and Li Yunqing also have questions, but the questions are the same as Li Zongen, the Dow Jones Industrial Index fell by 300 points in a few minutes, and now Li Zongen has asked, and Lu Shaohua has also answered, and they will get the answer, so naturally there will be no more questions.

Everyone has no doubts, the next thing is much simpler, Lu Shaohua began to mobilize to encourage Liu Mingzhang and them, at the same time, Lu Shaohua also told Liu Mingzhang that they must work the time, adjust the time, and rest when they should rest, so as to ensure that they can have twelve points of spirit during this time.

This financial turmoil is definitely a protracted war, coupled with the problem of time difference, if Liu Mingzhang and they don't adjust well, maybe they will fall one day, each of them is a general, Lu Shaohua doesn't want to see someone fall when he acts.

And Liu Mingzhang and they seemed to understand what Lu Shaohua meant, and they all made guarantees.

They all made a guarantee, Lu Shaohua had nothing to say, and after talking about a few inconsequential issues, he announced that the meeting was over, but because it was not a formal meeting, Lu Shaohua just stopped and said something, and then opened two bottles of red wine, sat together and tasted it, chatted about the topic of Bafeng, and leisurely.

(To be continued)