Chapter 22: The Big Short (9,1000 monthly passes plus updates)

Alessandro's icy tone made the venue uneasy, and the statement directly froze the venue.

"First, the Fed must publicly issue written statements in the New York Times, The Christian Monitor, The Wall Street Journal, and The Washington Post, apologizing for their interference with the right to operate autonomously, and promising that it will not be repeated in the future, and that the responsible person must resign;

Second, the Union Bank will be closed for one day tomorrow for rectification, and will open on time the morning after tomorrow to deal with depositors' withdrawals.

Third, after the resumption of business, if there is a real demand, Union Bank will be open 24 hours a day to meet the requirements of depositors; In order to ensure fairness, each depositor can only withdraw up to $1,000 at a time, please continue to queue for the excess, the same will be handled by the institution, and the Union Bank will treat them equally, if the queue does not exist, the relevant limit will be automatically cancelled;

Fourth, except for withdrawals, the Union Bank will not handle other business during this period, unless the queue disappears;

Fifth, as the controlling shareholder of the United Bank, the United Group will fully support the Bank to the end, and as a world-famous multinational consortium, the United Group will use the last dollar to be responsible for depositors and investors!

Sixth, please tell the press to tell each other that the public should not listen to rumors and rumors, and that Union Bank has sufficient strength to maintain the stability of the financial system! ”

Lose your marbles! That was the only thought of anyone present.

Someone shuddered: "The Union Bank wants to declare war on the Federal Reserve? ”

Someone sneered: "Okay, the president put the muzzle of the gun on the head of the Federal Reserve, he really dared to shoot!" ”

"Let me tell you, before the acquisition of Union Bank, it was another name, and it is said that it also threatened the president, but it was run out by the president until it could not be maintained, and finally it was acquired by the United Group...... Look at the current posture of the United Group, is it the rhythm of swallowing the Fed? If it's not that the president is crazy, then the world must be crazy! ”

"After the statement is read, let's move on to free questioning time, this gentleman will ask ...... first."

"I'm Donald, a reporter for the New York Times, and I'd like to ask President Francisco, how many billions does Union Bank lend outside of the United States? If you don't pull it back, how do you plan to respond to the withdrawal requests of U.S. depositors? If the relationship between Union Bank and the Fed deteriorates, will it still be bailed out by the Fed? ”

"The specific amount is a trade secret, can't be disclosed, more than 1 billion......" Francisco smiled slightly, "We must have a way to deal with the run, in fact, for Union Bank, it is the customer who deposits, and the person who lends is not the customer?" They all say that we must respect customers, and if we really listen to the Fed's request to draw loans, will the Union Bank have a future in the future? As for the Fed's bailout......"

Francisco's face became extremely cold: "I never expected this group of pig teammates to be of any help, thank God not to make trouble!" ”

There are more than one energetic remarks, and the reporters in the audience are addicted, in the end, it is the United Group, the words are not shocking, the president is like this, and the president is also so hot - it really has a character!

Great news! Why didn't you see it before?

"I'm a reporter for the Washington Post, and if I don't take out loans, and I have to deal with a run on depositors, how do you balance that?"

"This is a slightly more complex issue, but in general, the Bank will adopt three strategies: first, use existing funds; second, to ask for help from the United Group; third, to lend to the U.S. banking circle; Fourth, lending to the European banking community...... And don't forget, Banco Inglomese is the largest bank in Italy and the fifth largest in Europe, and the Inglomerate is the largest conglomerate in Europe. The president has made it clear to President Hoover that he will do everything in his power to help Union Bank through the crisis, and in a sign of solemnity, the president will be working at Union Bank around the clock starting tomorrow and postpone his scheduled trip back to China on September 15......"

"May I ask the President, how will the United Group provide the necessary assistance?"

"There are many kinds of help, first, the United Group can use the convertible bonds that have been received but not yet spent to make emergencies; second, United Group can use its own credit to help United Bank with financing; Third, the United Group has a lot of assets in the United States, which can be realized in an emergency......" Contini smiled slightly, "The United Group is a responsible consortium, we will stick to the end, and no one has a more determined determination to defend financial freedom than me." ”

"But ......," the Christian Monitor reporter stood up and asked a clever question, "we all know that you emphasize in Italy that you want to be rich and strong, not free, why do you say in the United States that you want to defend financial freedom?" ”

"Because, in Italy you don't see such stupid institutions as the Federal Reserve, you don't see bureaucrats like those idiotic reserve boards and professional committees...... If so, I would have killed them a long time ago, and it would be their turn to call for wind and rain? Otherwise, do you think that Italy's 12% annual growth in recent years has really fallen from the sky? There is a premise for the people to support the leader and the fascist, because they know that it will make Italy better and stronger. Can we deceive the people for a while, can we deceive the people for 7 years? Contini said with a blue face, "You may wish to inquire, how did we deal with the illegal lending of Sienna Bank in the last Italian foreign exchange crisis?" That's right, the gossip you've heard is true! That's what I suggested! ”

"Wow!" The whole venue was boiling.

This is the first time that the president has personally admitted in public that the last time the paratroopers stormed the top of the Bank of Siena was his handiwork, plus the president also has a record of carrying the French with oil guards in Algeria - no wonder he doesn't take the Fed seriously at all, and money can really do whatever he wants!

"Your Excellency, I have noticed your words to the Fed, will this cause a whole market turmoil? Is the first clause in the joint group statement too harsh on the Fed? May I wonder if you feel guilty if you were to cause a violent social upheaval because of your relentless public criticism, President, which has led to a rupture at the moment? ”

"Don't underestimate the Union Bank, don't underestimate the Union Group, behind them stand the whole of Italy, with the 40 million people of Italy! Journalists and gentlemen, I wonder if you remember the saying that if the United States is good, the United Group is good, and vice versa. ”

Contini sneered: "Today the Fed can destroy the Union Bank, tomorrow they can destroy Citibank, Bank of America, they can destroy any American financial enterprise...... I can't stand such an unjustified tyranny for a day! If you are forgetful, I can remind you of the contents of the Declaration of Independence of the United States...... When any form of government is destructive to these aims, the people have the power to change or abolish it in order to establish a new government; The principles on which it was founded, the way in which it organizes power, make sure that the people believe that this is the only way to achieve their security and well-being.

When the Fed takes a dangerous step and tries to use its power to change the trajectory of capital operations and interfere with the laws of the market, it must be corrected and liquidated! Justice must be heard, sooner or later! I never feel guilty about it, the only thing I feel guilty about is that I recognize that the US market collapsed too late and that there were too few reminders to the people. I think I'll feel a little guilty if the American people were to be destitute in the future after an earth-shattering bubble bursts. But the initiator and culprit is undoubtedly the Federal Reserve!

I now deeply understand that President Hoover is not easy, he is surrounded by these conspirators, careerists, idiots, subversives every day, it is so difficult to do something for the American people, and when something happens, everyone will criticize the government, this president is not easy to do, I am deeply sorry for his personal experience. I announced that I would donate $3 million if he ran for re-election! ”

Everyone felt stunned: is this still the president who advocated "being rich and strong, not free" in Italy and insisted on taking the road of "three flags"? His performance in the United States can be called a complete freedom fighter!

Someone in the audience discussed: "See, the president can be mixed with the successor of the Italian leader, and there are two brushes in the position of the young leader, just at the level of his flexibility and eloquence just now, do you dare to say that it is worse than any of our politicians here?" ”

"yes, yes, if he comes to run for president of the United States, maybe he can still be elected."

"You don't know how obsessed young people are with the president, my daughter, it's just a nymphomaniac, collecting news about the president all day long, as soon as I go home, I inquire about the president's everything, and write love letters to the president, and even know that I have the opportunity to meet the president and ask me to hand it ......over to him."

"Did you hand it over?"

"Nope! I didn't want to be kicked out like a stupid fork, so I intercepted them all...... I have to lie to her when I turn around, and the president's secretary accepted it, but there are too many messengers, so let her not be delusional - what is the identity of the president, what is our identity? ”

"Hahahaha, your daughter is quite cute, introduce us to ......"

"Don't even think about it! Don't think I don't know what you're up to! ”

"May I ask the president, how will the whole thing end up?"

"I don't know, it's up to the Americans to vote with their feet, but personally, I seem to see that a storm is coming, and he will profoundly change the entire market, the whole society, and even affect the transformation of the global pattern, we can only wait and see......" Contini said quietly, "I and the United Group will do our best, may the merciful God bless all the best!" ”

"This is the end of the press conference, starting from the day after tomorrow, every night at 7 o'clock, the group will hold a regular press conference to announce the news, thank you for coming, I wish you all a good night!"