Chapter 547 Bailout Measures and the Presidential Election

Regarding the decision of this share exchange, Li Chenghua will immediately hold a shareholders' meeting after returning to Los Angeles, and then notify all shareholders of the matter.

Therefore, he took the opportunity to ask his daughter if she wanted to fly back to Los Angeles with him to attend the shareholder meeting.

After thinking for a while, Pei Pei nodded in agreement with her father's suggestion.

Because today is the last day of the end of September, and the first weekend of October is the time when Stanford University's fall graduation ceremony is held.

So, even if my dad doesn't mention the shareholders' meeting this time, she will be ready to pack her bags and fly back to Palo Alto to collect her master's diploma the day after tomorrow.

As soon as Pei Pei said this, Li Chenghua also remembered that her daughter was about to graduate with a master's degree. Immediately afterwards, I remembered my eldest son Li Peizhi-

"Since this kid Arnold served as the executive president of your company, our family is embarrassed to arrange for your Aunt Qin to go to Palo Alto City to be a nanny for Ash, counting, it has been a long time for your brother to study and live alone there, and I don't know if this kid has studied seriously recently?" Li Chenghua said to himself: "Your mommy has called me to complain in the past few days that this kid Xiaozhi is getting more and more lazy to call home now, and your mommy occasionally takes the initiative to call over to care about him, and this kid is still impatient!" ”

As he spoke, Li Chenghua looked up at his daughter and said, "It just so happens that after this shareholders' meeting, our family will simply accompany you to Palo Alto City to attend your master's graduation ceremony." By the way, go see Ash's bastard boy! ”

"Shhhh It turned out that I attended my graduation ceremony by the way! Daddy, you're patriarchal! Pei Pei deliberately pursed her lips and said, "I'm going to be jealous!" ”

Li Chenghua immediately said haha and changed the topic: "Ah yes, didn't you say that you want to go back to Los Angeles with me?" I don't need your help to pack up here, can you hurry up and pack your own luggage? ”

As he spoke, he began to wave his hand to chase people away.

After Pei Pei "hummed", she turned around and left angrily

————————————————————

Because Peipei's trip back to Los Angeles was decided suddenly, when Austin learned the news that his wife was going to fly to Los Angeles with her father-in-law, it was already after Li Chenghua and Peipei had booked plane tickets.

Later, when Austin learned that Pei Pei was going to Stanford University in Palo Alto to attend the graduation ceremony, he immediately said that no matter how busy he was. He will definitely rush to Stanford University to attend his wife's big day that day.

As for Kangmei's shareholders' meeting. He didn't have time to attend it, but he knew everything about it, so he decided that his wife would be the plenipotentiary to attend the shareholders' meeting in his place.

The couple discussed the itinerary for the next few days that night. The next day. And so began their brief separation.

After Li Chenghua flew back to Los Angeles with his daughter. The next day, an extraordinary general meeting of shareholders was held to report to all shareholders on the results of his time in New York. Then, a team of accountants was arranged to carry out a series of work such as asset appraisal before the share exchange.

Pei Pei stayed in Los Angeles for a total of two days, and then hurried to Palo Alto City with the family of Li Zhai according to the scheduled itinerary.

At 3 p.m. on Friday, the family drove to the door of their apartment in Palo Alto.

Pei Pei opened the door of the apartment with the key in her hand and looked-

"I really didn't expect it, Ash, this guy is quite obedient, and he has already cleaned up the apartment in advance." When Pei Pei walked through the door, she was a little surprised at the first glance of the entrance.

Immediately after, she staggered up to the second floor, opened Ash's bedroom, and began to carefully examine the indoor sanitation and cleaning work.

According to Pei Pei's judgment, no matter how well Ash prepares in advance, there will always be missing horses.

Sure enough, in the depths of a drawer in the bathroom, Pei Pei found a cat greasy: a box of "little raincoats" that had been opened!

- If this thing is discovered by Daddy Mommy, it will not set off a magnitude 7 earthquake!

As soon as she thought about it, Pei Pei heard her mother open the door and come in: "Peel, is Ash's bedroom clean?" ”

Pei Pei reflexively immediately put the box in her hand into the space, and then walked out of the bathroom, while responding: "This kid must have cleaned up in advance, I checked, and the whole room was cleaned!" ”

To be honest, Pei Pei was not surprised at all by the discovery of a "little raincoat" in a drawer.

Counting the age, Ash is also 16 years old. And it's normal for a young boy of this age to be curious about certain things.

Some things are better than being blocked!

Of course, what should be beaten still has to be beaten!

Although Pei Pei helped her brother cover up the box of condoms, she still decided to wait for her brother to come back and find an opportunity for only two people, and then interrogate her brother properly.

After Pei Pei snorted in her heart, she quietly fooled her mother and left her brother's bedroom.

The family waited for less than an hour before Ash returned to the apartment.

He came back with the stupid big Jimmy.

After dinner, Pei Pei drove to the airport, because Austin's plane would land at 10 o'clock tonight. And Pei Pei had already agreed with her husband yesterday that she would drive to pick him up.

After picking up Austin from the airport and returning to the apartment, the couple came to a happy "exchange activity" under the newlywed. Then, they snuggled up to each other and fell asleep

The next day –

It's the official start of Stanford University's fall commencement ceremony.

Early in the morning, Pei Pei was wearing a bachelor's uniform and a bachelor's hat. Accompanied by his family, he rushed to the auditorium.

The entire commencement ceremony began with the Vice President taking the stage to speak, followed by the Dean of the School of Medicine. Finally, the graduates began to receive their certificates.

And the certificate is not over, followed by a group photo of all the graduates. After the photo session, there will be a traditional ceremony of Stanford University - the speech of the outstanding graduates!

Pei Pei was deservedly elected as the outstanding graduate of this year's graduation ceremony.

She did not prepare her speech in advance, but played it casually.

Of course, everyone in the audience was also extremely supportive, whenever Pei Pei's speech was subdued. I can always get the warmest applause from the audience.

After all the forms have been gone. Finally, it was the students' turn to be autonomous.

Usually, students gather in pairs and groups to take pictures of each other.

As an excellent graduate, Peipei is of course the busiest at this time. She was not only dragged by her classmates to take a photo with this for a while, and greet that for a while. I was also busy entertaining some professors and classmates' requests for "investment" and "sponsorship".

I had been entertaining several groups of people until it was almost lunchtime. Pei Pei finally got out of the gag of Dr. Duma.

And then. She was also helpless, and quickly pulled her family members away from the auditorium.

Came to the grassy campus, mixed in a large group of graduates with bachelor's hats and bachelor's uniforms, until this time. Pei Pei had time to take photos with her family leisurely.

After taking photos in front of several famous buildings, Pei Pei took her family and said goodbye to her alma mater, Stanford.

The moment she walked out of the door, Pei Pei looked back and stared at it for a long time

——What I am looking for is by no means just "excellent graduates"! One day, Stanford will erect a monument to commemorate me and proclaim to posterity that I am the greatest graduate of this school!

Pei Pei said to herself in her heart.

————————————————————

Time flies

Three months have passed in a flash.

In the past three months, a lot of things have happened around Pei Pei -

First of all, the Kangmei shares in the hands of her father Li Chenghua have completed all the share exchange procedures with Bank of America.

In addition, the restructuring and merger of Merrill Lynch and Bank of America has also reached the final stage. The shares of Merrill Lynch controlled by Hecklesss Bank can be exchanged for a total of 1.65% of Bank of America's shares at a price of 29 yuan per share. Although the proportion of equity is not large, it still has a certain right to vote on the board of directors of Bank of America.

In addition to these two major events closely related to Peipei, there is another thing that Peipei has been paying attention to - that is, a series of measures issued by the Federal Reserve to resist the subprime mortgage crisis.

On October 3, 2008, the current US President George W. Bush approved the Emergency Economic Stabilization Act of 2008, launching the largest financial rescue plan of $700 billion in history.

The main elements of this plan include:

First, authorize the U.S. Treasury Department to establish a Damaged Asset Disposal Program (TARP) and use $700 billion of funds to purchase impaired assets of financial institutions in a step-by-step manner over a two-year period;

Second, establish a plan for the disposal of impaired assets and allow the Ministry of Finance to provide insurance for the lost assets of financial institutions;

Third, the establishment of a "Financial Stability Oversight Committee" and an "Independent Committee" to oversee the implementation of the bill;

Fourth, restrictions on executive pay for companies receiving government assistance;

Fifth, cooperate with foreign financial regulators and central banks to jointly resist the financial crisis;

Sixth, "protecting the interests of taxpayers" should be put in the first place;

Seventh, increase assistance for foreclosed mortgage applicants.

In addition to the above seven defense measures, the US government has also carried out a series of reform measures to the existing national financial regulatory system under the leadership of the current President Bush!

Among them, the two most important measures are-

1. Merging the "Superintendent of Thrift Institutions" (OTS) and the "Office of the Comptroller of the Currency" (OCC).

After the merger, the Fed has more power! Because the two important rights of "supervising the payment system" and "monetary settlement system" will be entrusted to the Fed with full responsibility;

Second, the establishment of three major financial regulatory bodies in the United States.

That is, the Federal Reserve plays the role of "market stability regulator" to maintain the stability of the U.S. financial market; Establish a "Financial Integrity Regulator" to be responsible for the supervision of the banking industry; Establish a "Business Conduct Regulator" to regulate business activities and protect the interests of consumers.

After the incumbent President Bush continued to take a series of measures before leaving office, the situation of the subprime mortgage crisis in the United States has not improved much, and the greatest effect of these measures has only been to slightly recover the disadvantage of the Republican candidate "Mai III," who is increasingly losing the support of the people!

Originally, before the subprime mortgage storm detonated-

This "before" refers to the fact that before the "Lehman Brothers" broke out, the Republican candidate "McCain III" had all the advantages. The dark-skinned candidate of the Democratic Party was at an absolute disadvantage before.

But as the financial turmoil swept across the United States, the current ruling party, the Republican Party, was angered by the people!

The general opinion of the media and the public is unanimous that the cause of this financial turmoil is the "Lehman Brothers bankruptcy".

Then, by extension, the ruling Republican Party, represented by McCain, is the main culprit of the economic problems in the United States!

The reasons for the people's decision are as follows:

First of all, the American people are full of grievances against the current ruling President Bush, believing that the huge military spending caused by the Iraq war, which he announced during his presidency and which has not yet ended, is the main culprit for the huge US fiscal deficit.

Second, on the "Lehman Brothers incident", Paulson, the current ruling party's finance minister, once publicly expressed to the media that "death will not be saved".

In addition, before the outbreak of the "Lehman Brothers bankruptcy", the Republican candidate "Mai III" had publicly declared that "the fundamentals of the US economy are very good."

And it has been proven that he was all wrong.

Or - he is lying and deceiving the people!

Or - he is not good at the economy at all!

Either way, it can only prove the "incompetence" of the candidate for succession put forward by the current ruling Republican Party!

The "incompetence" exposed by "McCain III" is not limited to this.

After the crisis (Lehman Brothers incident) broke out, the Republican candidate "McCain III" even tried to promote his "appeasement policy" among the people, and publicly stated that he would "not save the market". (To be continued.) )