Union Bank is just a branch of the United States, and it is reasonable that it is not as good as other big banks, let alone the headquarters, so the position is usually only in the back row, but as soon as Contini appeared, the momentum was very different, and everyone immediately gathered the president in the core to listen to his opinion - after all, the president has publicly declared that he is optimistic about the US stock market, and his strength needs to be respected so much.

"It is an irrefutable truth that the stock market may enter a bear market - there must be a rise and there must be a fall, there is no stock that only rises and does not fall, but artificially suppressing the decline of the stock market through suffocating high interest rates is a naked manipulation of the situation!" Aren't investors often against manipulation? Could it be that the use of funds by consortia to manipulate is manipulation, and the Fed's use of its position and advantages to manipulate is not manipulation? Is this worthy of those investors who have worked hard to invest? Is it worth their money? As a responsible financial institution, we must not first contribute to the trouble, second, we must publicly call for opposition to the Fed's simple and crude approach, and third, we should work together to find ways to smooth market volatility. ”

Everyone agreed with Contini's words: although the 20% credit interest rate makes it very cool for banks to lend, there are also concerns that once the stock market turns cold and no one cares, no matter how high the interest rate is, they think that the Long-term loan given by the Union Bank to the United Group is a good example for reference when faced with the perspective of making quick money and making long-term money.

"I have communicated with President Hoover many times recently, and he has repeatedly said that the U.S. stock market needs to develop healthily, need to be guided in an orderly manner, and need to cool down moderately, but this is not the same as freezing on the spot and suffocating, just like a patient has a disease, the treatment is certain, but you come up regardless of 3721 directly is bloodletting shock therapy, is this a cure to save people? It's killing! ”

Everyone nodded again, and Hoover shouted these words, but the Fed's policy is independent and cannot be completely according to the president's thinking.

"Another thing I'm worried about is that high interest rates will stifle industrial and commercial development, how many industries can achieve a net profit of 20%? Very few, right? Even Bailang Duo Interest is so popular, the net profit margin after tax is only more than 40%, and other large-scale industrial and ordinary products are basically between 12-15%. A profit of 20% is basically equivalent to the company making money for the bank. Contini smiled, "The banking community should see the long-term, if entrepreneurs can't make money, they will eventually stop production and go bankrupt, and ultimately damage the interests of the bank, so we should moderate the business community to form a win-win situation!" ”

The so-called profit margin of 40% is of course a lie, and the actual net profit margin of this drug alone is more than 400%! However, Contini amortized a huge amount of R&D expenses on the prospectus - it was a combination of all the R&D expenses of the joint laboratory in the past year, including not only the drug R&D and packaging R&D related to Bailangduoxi, but also other R&D expenses that have nothing to do with Bailangduoxin, such as engines, aviation aluminum, and tank armor steel, all of which were amortized on Bailangduoxin's head - anyway, except for Leo who had the inside story, no one else knew about it, and even Domark himself couldn't understand the cost structure.

But the net profit margin after tax of 40% is staggering enough to be skeptical. As for Contini singing a high-profile song for the business community, saying that the business owners are the disadvantaged group, the bankers let it go - it is true that the United Group has banks, but the president's head is in industry, and the ass decides the head.

Someone asked, "So what should we do?" ”

Contini smiled: "Confidence is more important than gold, what is lacking in the market at the moment is not capital, but everyone's confidence in steady development, and the interest rate of 20% is obviously beyond the normal level, so we should bring confidence back to the market - we should lend at a rate lower than the Fed's guidance to help investors tide over the storm." ”

Many people pouted: on the one hand, they are challenging the authority of the Federal Reserve, and on the other hand, it is difficult to explain to the board of directors - what do you mean by the market interest rate of 20%, and you prefer to lend at 10%? Want to be Santa Claus?

"It's okay, this matter is done by the United Bank, but it needs everyone's unanimous cooperation." Contini said confidently, "We have received great help from friends in the banking industry when the United Group issued convertible bonds, and now it is natural for everyone to return some of it, just because Union Bank is not deeply involved in the equity field, and we are willing to do some public welfare undertakings." ”

At the end of the day, an agreement was reached, and five major banks, including Union Bank, collectively announced that they would allocate $100 million for people to borrow, of which 50 million demand loans had an interest rate of only 15%, and another 50 million had an interest rate of 17%, for people to borrow and pay back the margin - all lower than the Fed's window guide rate. This move by the major banks stabilized the mood of the people and gave the Federal Reserve a resounding slap in the face, and the people applauded it.

In fact, the $100 million was all taken out by the Union Bank, because only the bank did not lend to the outside world some time ago and had a surplus of funds, the Union Bank itself lent $20 million, and the other $80 million to the major banks The interest rate was only 12%, making it clear that they would earn fame and make a profit of 3 percentage points. However, this did not need to be given in vain, and after a few weeks, the United Group offset the loans owed to the banks - it was nothing more than that the Union Bank first repaid the money for the United Group, and then transferred the debt from other banks to the United Bank, but this operation still won unanimous praise from everyone.

Determined that Union Bank was a collaborator rather than a saboteur, after a unanimous vote of the Association of Banks, considering the size of the Union Group and the importance of Union Bank, it was agreed to treat Union Bank America as if it were any other US head office, and the ostensible logic was that Union Bank USA Branch had reached the target in terms of assets and credit scale, but in fact it was to repay the 80 million people for profit-making - Contini repaid part of the loan in advance and unfrozen the pledged shares through clever means, so that he could find an opportunity to sell.

The news of the big banks' follow-up quickly spread through the market, and all investors rejoiced, seeing the Union Bank and the president as the patron saints and protectors of the stock market, and businesses also expressed their support for the president - they were also dissatisfied with the 20% credit rate, believing that it was simply murderous, except that they did not dare to openly contradict the Fed and Contini did not care.

After the news spread, Contini was interviewed by many reporters on Wall Street, and he made three points:

First, a large amount of credit money has entered the stock market for speculation, but the bigger problem is the current high leverage in the stock market, which he believes should be steadily reduced rather than frozen;

Second, the practice of freezing the stock market has not yet achieved results, and the practice of freezing industry and commerce has achieved great results, and the enterprises that have just signed contracts of more than $4 billion with the United Group in the early stage have quickly lost more than 10% of their net profits, and industry is the foundation of a country, and the Fed's high interest rates are digging the foundation of this country, and if there is a crisis in the future, the Fed will be responsible for this;

Third, since the Fed itself says that it is a guide, then according to the right of democracy and freedom in the United States, the law does not prohibit it, and banks also have the right to lend to the market at appropriate interest rates according to their own judgment, which is not challenging the authority of the Federal Reserve, this is defending the tradition of democracy and freedom, and the Fed can disagree with our approach, but it should stand up and defend our power to the death - this last sentence has won the hearts of the big business groups, and the spokesmen of the various financial groups have expressed their support, saying that Wall Street will contribute to the consolidation of democracy and freedom. The implication is that the Fed is only a coordinating body and cannot undermine the system itself.

These few words not only succeeded in throwing the pot on the Fed, but also earned the reputation of a "freedom fighter", which can make the Fed half angry, but they have little way to deal with Contini - the rich people are rival countries, they still have fleets and weapons in their hands, and they are not Americans, or diplomatic envoys have immunity.

In the end, the Federal Reserve can only issue a rebuttal statement: meaning that the Federal Reserve is based on the actual policy of the United States, and certain foreign forces should not point fingers at the internal affairs of the United States.

Even Hoover made an intriguing statement: the government will listen more to the opinions of many parties, and achieve a more prosperous four years. On the surface, this statement is unbiased, but in fact it is a show of support for Contini.

Adriana's interview team also visited a large number of places during this period, and in the evening, she reported to Contini what she had seen during today's inspection, saying that it was a report, but in fact, the sexy anchor with graceful body had curled up in Contini's arms like a kitten, and the hands of the domineering president were placed in some indescribable positions irregularly.

"My dear, both ordinary investors and industrial and commercial capitalists in the market agree with you, and there are even radical people who say that all the bureaucrats who don't understand bullshit in the Fed should be eliminated and you should be in charge of the Fed!" Adriana laughed, "It seems that your statement is very convincing. ”

"To get the news to Europe as soon as possible, you have to give everyone the impression that it was the Fed that broke the whole thing! I don't carry this pot. "It's important to be republicized, and you have to lead business people to say it in subsequent radio programs, and these recordings must be kept intact." ”

"What do you mean?"

"The stock market will cause a tragic decline in the near future, and I will soon sell the stocks, which will increase the pressure on the market, but I can't take the moral hazard of bursting the bubble first, I have to find a pick-up man, and the Fed is very suitable for this!"

"You're so bad!"

Contini aggravated the movements of his hands and joked: "Where am I bad? ”

Adriana snorted softly and gasped, "You're bad...... Well...... Well...... I want you to ask me ......"

The following omitted 5000 words of spring boundless......