"Sorry, boss......"

Habitually taking out a cigarette, just taking it into his mouth, taking out a lighter, suddenly realizing that the timing was not right, Robert hurriedly apologized.

In fact.

This is a habit that Robert has developed to take out a cigarette to relieve his emotions when he encounters something difficult to decide and needs to think about.

But.

Since he has been by Tang Bao's side recently, he has been very restrained and rarely smokes.

"It's fine. It's okay to have one if you can't help it......," Tang Bao smiled kindly, smoking can temporarily relieve tension.

Although Tang Bao said that he didn't mind, Robert still held back and put the cigarette back into the cigarette case.

on this.

Tang Bao didn't force it.

"Whew...... I'm surprised that even if some of the rumors I let out will affect the U.S. stock market, it won't break the rules. Why did it attract Roots' warning? "Almost every day there is all sorts of unfavorable market news coming out of Wall Street, and it's okay.

There was silence in the room, and everyone was thinking about it.

There was silence for a while.

"As the boss said, the Securities and Exchange Commission's warning is a bit strange, and they are responsible for supervising and regulating the securities market. No matter what point of view, the boss's remarks have nothing to do with them, but the impossible has happened. I think it may have been at the behest of someone else...... Even just Roots' private actions are possible. ”

"Private acts?" Tang Bao was stunned.

"Yes!"

Winnieburg nodded in confirmation.

"Where is the basis for speculation, and what good is it for Roots to do this?" Tang Bao doesn't know much about the Securities and Exchange Commission.

"First of all, freedom of speech in the United States, whatever the boss says, has nothing to do with the SEC; Secondly, it is not within their purview. Third, the Roots warning was of a private nature. It was not disclosed to the public. Finally, people like Roots have complex relationships, and it is not surprising that he was entrusted or instructed to warn his boss. Vienburger gives his own analysis.

"Hmm."

Tang Bao nodded.

"Boss, your remark that 'the crisis has just begun', think about who it will be detrimental to, and you can lock down whose instructions it is."

Oh.

Tang Bao suddenly had a feeling of sudden realization.

These predictive remarks certainly have an impact on the securities market, but it is important to say who is the most unfavorable. Naturally, those banks.

"You say, could it be that a certain bank instructed them, and they are afraid that as the crisis deepens, the deep-seated debt problem will be exposed?"

Tang Bao remembered that it was not until long after the outbreak of the savings and loan crisis that large banks were involved. At this time, there is no problem, it does not mean that they are clean, but their own ability to resist risks is strong, and they can't threaten them for a while, but once it is a long time. It will inevitably be unsupportable and expose the problem.

So.

Under such circumstances, they had reason to hope to prevent Tang Bao from creating panic and exacerbating the crisis. Because that would dig them out.

Just right.

He had just named Bank of America. Say they have a big problem, and Bank of America is one of the big banks in the United States......

"Whew."

After such a reminder from Vinnieberg, Tang Bao suddenly clarified a lot of clues, and his body and mind became relaxed. It seems that Roots' warning may have been really personal.

"Huh. Winnieberg, I'm glad you reminded me, otherwise I'd have really ended up in a dead end. I was stunned by Roots. Tang Bao said with a smile.

“……”

Winnieberg also smiled.

Then.

Robert proposed, "Boss, if Roots really uses power for personal gain, it will be a shocking scandal, do you want to expose this time?" ”

"Exposure ......" Tang Bao couldn't help but roll his eyes.

"Well, President. When this matter was exposed, Roots resigned at best, but it did us no good. Like you said, this is a shocking scandal, and it may also offend the SEC. Don't forget, they are the Phoenix Investment Group that has the right to supervise the boss! Winnieberg explains.

“……”

After listening to Winnieberg's explanation, Robert also realized how idiotic his proposal was.

Ay.

Tang Bao sighed lightly and said secretly: "In terms of knowledge, Robert really can't be compared to Winnieberg." Before he took the helm of East West Bank, his Redwood Community Bank was small and had limited experience. But Vieniborg is different, with a rich resume......"

Intellectually speaking, Winnie Burger is more suitable to lead East West Bank than Robert, but Tang Bao can't do that, after all, Robert's work achievements are obvious to all. In addition, the current situation is unique, it is a critical period for East West Bank's expansion, and Tang Bao needs internal unity and stability to concentrate on external expansion.

The change of generals in the battle, people's hearts are unstable!

The thoughts in my heart are fleeting. Tang Bao smiled lightly and said, "Heh, that's good." If this thing is spread out, it will not do us any good, and it will offend people. ”

"Forget it as if it didn't happen. I've said everything I have to say. Let's keep a low profile...... "Thinking about how many politicians jumped out and made unfavorable remarks about him, Tang Bao also believes that it is better to keep a low profile.

……

Thereupon.

In the following time, Tang Bao behaved unusually low-key, and never spoke to any media about the banking crisis.

Pity.

The banking crisis in the United States will not stop because of Tang Bao's shutdown, bank stocks are still falling and falling, and there is news everywhere that a certain bank is in trouble.

On July 9th, California had just experienced a baptism of rain, and the air was very fresh.

"The U.S. banking sector is being eroded by the crisis, more and more banks are on the verge of bankruptcy, this is a financial disaster, and the White House should come up with a bailout package as soon as possible!" As the crisis continued to erupt, someone finally couldn't sit still. The president of FirstWisconsin International Bank was the first to stand up and call on the government to bail out the banking sector in the United States.

Then.

The chief operating officer of Bank of America also gave an interview to the media, saying that the banking industry in the United States is not optimistic, and the government should help.

"The government needs to intervene to stop this financial turmoil, and perhaps, Tang is right, only the government's intervention can end this financial catastrophe sooner." So said the president of the American Credit Bank.

"You know, our bank is doing well. Earnings in the second quarter of this year exceeded $200 million, and the third quarter is expected to increase slightly to $230 million. Such a perfect earnings report has not brought benefits to our stock price, but has fallen by nearly 10%, and perhaps many banks are facing the same dilemma as us...... The government needs to step in and stop the crisis from spreading to the entire banking sector! So said the chief financial officer of Washington Mutual.

……

Led the way, a growing number of heavyweights have come forward to call on the U.S. government to consider a bailout of the U.S. banking sector.

Before.

There have long been people who have asked for government help, but alas. The people who stood up at the beginning didn't have much influence, and they couldn't be compared to the people who stood up this time.

"Banks in the U.S. are also operating normally, and a few small banks are struggling, which does not reflect the ...... of the U.S. system as a whole"

In response to more and more calls for government bailouts, the U.S. Treasury Department and the Federal Reserve have successively stated that they will not intervene in this storm.

Scold.

Seeing the official statement of the United States, Tang Bao smiled, and sure enough, like the historical development trajectory, the US government did not realize the seriousness of the crisis.

"Uh...... Boss. Why are you so sure that the U.S. government won't come to the rescue? "In the past few days, more and more large banking institutions have come forward and called for a government bailout. Viniborg thought that there would be a turnaround, but Tang Bao was very sure that it was impossible.

Now.

Both the US Treasury and the Federal Reserve have taken a stand. They remained very calm about the chaotic financial situation, saying that the US banking system was fine.

The government will not get involved!

"Huh. The Reagan administration believed in market freedom and that the market determines all policies, and they themselves strongly opposed intervention in the market economy. ”

Tang Bao said with a smile.

Vieneburg nodded slightly. Yes, this is indeed the economic policy implemented by the current President Ronald Reagan, and the government will not intervene in the economy.

"Even if they want to intervene. You have to have money. Now that the United States is running a fiscal deficit, it is still living on debt. Tang Bao continued. Of course, this is not the point, the point is that most of the banks that are in trouble now are savings and loan banks and savings and loan associations, and since the early 80s, savings and loan banks and savings and loan institutions have been in constant trouble, and the FSLTC (Federal Savings and Loan Insurance Company), which provides insurance for them, has suffered a great impact, but I am afraid that the Ministry of Finance is unwilling to continue to put money into it. If it is not bad, the FSLTC should have long been unable to cover its expenditures, forming a huge deficit. If the U.S. government bails out, it will need to make up for this big shortfall. ”

"What, you said there was a problem with the FSLTC?" Robert was surprised. As an insurance institution of the nation's savings and loan banks, if it fails, something will really happen.

"Hey. FSLTC is not godly, can't there be a problem? I dare to conclude that the FSLTC's insurance fund must have an unimaginable deficit, so large that the US Treasury does not dare to continue to subsidize it. Tang Bao said leisurely. Maybe the FSLTC will be buried with this financial turmoil! ”

"Uh...... Boss, do you mean that the U.S. government is letting this crisis erupt? Winnieburg asked incredulously.

"Not really. It's just that the problem of savings and loan banks in the United States, not for a year or two, and eight out of ten bankruptcies every year, are already used to it. They probably wouldn't have expected that the crisis would suddenly intensify beyond control......" Tang Bao explained with a light smile.

"In addition, the regulatory policy of savings and loan institutions in the United States is also known to be chaotic, and there are many problems, and I am afraid that even the US government cannot figure out how many problems exist in this...... Maybe they can only see it clearly if it bursts out completely. ”

……

The U.S. government's statement did not quiet the banks, and more and more banks panicked and came out to call for the government's rescue.

Time.

The business of lobbying companies in the United States has also become extremely hot, and they have accepted the entrustment of banks to lobby government agencies, congressmen, etc.

There is only one purpose, that is, to hope that the government will come up with a rescue plan!

Pity......

It seems that the U.S. government is iron-hearted and unmoved. (To be continued......)