No. 201 is not a good look, but a good doctor

At this point of praise, Paulson's words changed abruptly: "But the matter is more serious than we thought, and I hope that the Rose Fund will stop in moderation." ”

Paulson did not threaten Wei Dongsheng.

Paulson is familiar with Wall Street's filthiness, and as long as the Rose Fund is willing to make a profit, there will certainly be countless hedge funds and even investment banks such as Goldman Sachs and Morgan Stanley willing to take over short-selling contracts with a paper amount of more than $70 billion. Paulson did not have the luxury of trying to defuse the financial turmoil by stopping the Rose Fund, and he came to the Olympics and to meet Wei Dongsheng for other purposes.

It can even be said that Paulson's selflessness in resolving the financial crisis does not do Paulson much, nor is it his style of acting.

The post of Treasury Secretary is not worth Paulson's dedication to it.

Wei Dongsheng was keenly aware of Paulson's external rigidity and internal softness, and Mr. Hao cooperated and replied: "There is a classic book "Han Feizi" that has been inherited for 2,000 years in my country, and there is a short story of persuasion "Bian Que Meets Cai Huangong". ”

"When Bian Que saw Cai Huan Gong for the first time, he said: 'You have a disease, and if you don't treat it, you will be afraid of it.' Huan Hou said: "There is no disease for the widow. 'Bian Que came out, and Huan Hou said: 'The good treatment of medicine is not a work.' ’”

"On the tenth day of the residence, Bian Que saw Cai Huan Gong again, and said, 'Jun's disease is in the skin, and if it is not cured, it will be profound.' Huan Hou should not. Bian Que came out, and Huan Hou was displeased. ”

"On the tenth day, Bian Que saw Cai Huan Gong again, and said, 'Jun's disease is in the stomach and intestines, and if it is not treated, it will be profound.'" Huan Hou should not. Bian Que came out, and Huan Hou was displeased. ”

"On the tenth day, Bian Que looked at Huan Hou and left. Huan Hou asked people, and Bian Que said: 'The disease is in the stomach, and the soup is ironed; In the skin, the needle stone is also within reach; In the stomach and intestines, the fire is within reach; In the bone marrow, the fate of the division belongs, helpless. Now in the bone marrow, the minister is uninvited. ””

"After living for five days, Huan Gong's body was in pain, so that people Suo Bian Que had fled to Qin, and Huan Hou died."

The female translator did not change her face, and translated Wei Dongsheng's recitation of "Bian Que Meets Cai Huangong" into modern English on the fly. There are some words that she translates inappropriately, such as translating Cai Huan Gong into King Huan of Cai Kingdom, translating the intestine into skin, and so on. The female translator must have known that her translation was messy, but she had superb business skills, and her mouth was full of messy words, but her cheeks were full of a piece of confidence. Of course, this little story didn't need to be accurately translated by a female translator.

It was enough that Paulson could understand the general meaning.

After Wei Dongsheng finished reciting "Bian Que Meets Cai Huangong", he defended himself: "I don't like shorting, or even finance, but finance is an important part of business, and I can't ignore its existence because I don't like it." There is an old saying in China, 'If you are not a good looker, you are a good doctor'. I don't understand politics or medicine, but I believe I have a certain say in business and capital. ”

Paulson praised Wei Dongsheng: "Of course." ”

Paulson's praise is a heartfelt compliment. Wei Dongsheng started his business in 2002 and became the richest man in China in three years. In another three years, he did a big spring and autumn search, and climbed to the 55th place on the world's richest list with a net worth of $13.59 billion. Paulson, on the other hand, spent 32 years at Goldman Sachs amassing $500 million in assets.

The capital market is a hero of capital, and Paulson is not qualified to despise Wei Dongsheng.

The reason why Paulson did not use his power to bully Wei Dongsheng was also because he knew that the official position of finance minister was not worth much, and instead of conscientiously working hard to make enemies with Wei Dongsheng, it was better to take the opportunity to form a certain personal relationship with Wei Dongsheng. After all, it is difficult to predict what the future holds, and after Paulson leaves office, he may have to go to the Rose Fund to earn a living.

Wei Dongsheng continued to defend himself: "Please believe me, I am not shorting for the sake of shorting. ”

"The reason why the market is creating an economic crisis is because it is sick."

"I'm not shorting for the sake of shorting, but I want to make everyone understand that the mortgage market is sick and that the financial market is sick. I'm a doctor, a doctor who treats patients in a market economy. In July 2006, I was diagnosed with a problem in the mortgage market, and considering that the world ignored my correct judgment, I had no choice but to short to warn the world; In July 2007, the disease had evolved from the body to the skin, but the Federal Reserve treated it as a minor disease, and I had no choice but to continue to short the financial market; Today, the cause of the disease has evolved from the skin to the stomach and intestines, and if it is not treated, it will be deepened. ”

"I'm a doctor, not a speculator, and believe me, I want the market to be stable more than anyone else. I'm not Soros, I don't need to be cheated and smuggled to make speculative profits, in fact, the $13.59 billion that Forbes valued me at all comes from industry and Internet innovation. ”

"I can diagnose and heal."

"I am more than willing to calm the financial crisis."

"The problem is that the disease is already in the gut, and you are still prescribing medicine with the 'disease in the skin'. Your treatment will only temporarily alleviate the symptoms, and other forms of economic crisis will inevitably erupt again in 2009. What is the effect of such a palliative but not curative medical solution? ”

"If you want to treat, you should use heavy medicine to judge that 'the disease is in the stomach'."

Paulson's tone softened: "I think I get what you mean, what do you think the Treasury should do?" ”

Wei Dongsheng said in an understatement tone: "Shut down and change investment banks such as Goldman Sachs, Morgan Stanley, Merrill Lynch, and Lehman Brothers." ”

Paulson smiled dumbly: "Mr. Wei Dongsheng, you are joking. ”

Wei Dongsheng's bland tone once again quoted the last sentence of "Bian Que Sees Cai Huan Gong": "After living for five days, Huan Gong was in pain, which made people ask for Bian Que, who had fled from Qin, and Huan Hou died." ”

After that, Wei Dongsheng added his opinion: "You will do this." ”

Wei Dongsheng stood up and said goodbye to Paulson: "What should be said has been said, so let's stop here." ”

Paulson stopped: "Wait. ”

Without waiting for Paulson to ask, Wei Dongsheng took the lead in making a promise: "The Rose Foundation cooperated with the U.S. government to save the city." ”

With that, Wei Dongsheng quickened his pace and left the shabby living room.

As soon as he walked out of the door, a staff member at the door told Wei Dongsheng with an attitude that he could not refuse: "Mr. Wei Dongsheng, Shoufu wants to meet you." ”

Wei Dongsheng shrugged helplessly and motioned to the staff to lead the way.

When Wei Dongsheng saw the cabinet chief, the cabinet chief was talking to another cabinet elder. Catching a glimpse of Wei Dongsheng coming over, the cabinet elders left for a while, leaving room for the first assistant of the cabinet to meet Wei Dongsheng. The cabinet chief assistant shook Wei Dongsheng's hand cordially with his usual kind and friendly smile: "Paulson didn't bully others, did he?" ”

Wei Dongsheng: "No. ”

Cabinet Chief: "When Paulson asked to meet you individually, I warned him that you were a treasure of our country. ”

Wei Dongsheng: "Thank you Shoufu for your concern." ”

The first assistant of the cabinet changed his thinking quickly, and the topic also changed quickly: "Listen to Paulson, the Rose Fund is managed by Gong Qiuqiu on the surface, but you are secretly hosting it in the air?" ”

There is no way to hide this basic information, and there is no need to hide it.

Wei Dongsheng admitted it, but deliberately avoided the important and trivialized: "It is mainly managed by Gong Qiuqiu." ”

Cabinet Chief: "I heard that the Rose Fund began to short the U.S. mortgage market in July 2006, and continued to short on a large scale after the Federal Reserve bailed out the market in 2007? ”

Wei Dongsheng did not deny it: "Yes. ”

The head of the cabinet nodded: "Your vision is very powerful, no wonder you have become the richest man in our country in just a few years." ”

Wei Dongsheng said with a smile: "The national policy is good. ”

The topic of the first assistant of the cabinet changed back and forth: "How much money does the Rose Fund make?" ”

Wei Dongsheng: "The bet is not over yet, and there is no way to accurately estimate it for the time being." ”

Cabinet Chief: "Tell me about it?" ”

Wei Dongsheng: "Based on the current market estimate, the paper amount is more than 70 billion US dollars. ”

I don't know if I was really shocked, or if I was superb in acting, the prime minister took a cold breath: "I remember that our country's foreign exchange reserves in 1995 were only 73.6 billion US dollars. ”

Wei Dongsheng: "At this time and then, at the end of 2007, our country's foreign exchange reserves have increased to 1.5 trillion US dollars. Moreover, more than $700 billion is only paper money, and as the financial turmoil intensifies, it is difficult to fulfill all contracts in full. ”

Cabinet Chief: "Even if a third of the contract is fulfilled, it is still a huge number. ”

Wei Dongsheng: "I hope to fulfill one-third of the contract." ”

The head of the cabinet suddenly changed his face and said solemnly: "Short selling is speculation after all, and steady development is the most important thing." ”

Wei Dongsheng struggled to keep up with the thinking of the cabinet chief: "The lesson of the first assistant is. ”

Cabinet Chief: "Did you negotiate with Paulson?" ”

Wei Dongsheng: "The Rose Fund promises to cooperate with the U.S. government to rescue the market. ”

The head of the cabinet nodded: "This is good, the world needs stability." ”

Wei Dongsheng: "The first assistant taught a lesson. ”

The cabinet chief suddenly changed his attitude: "But Paulson can't be too satisfied. ”

Wei Dongsheng didn't understand the meaning of the first assistant of the cabinet, so he asked if he didn't understand: "......What does the first assistant mean?" ”

Cabinet Chief: "Both cooperation and struggle, struggle in cooperation, cooperation in struggle." The world needs stability, but the Rose Fund is a hedge fund after all, and it still needs to prioritize profits when it is time to make a profit without affecting the overall situation. ”

Wei Dongsheng understood a little, but he was a little dazed: "The younger generation is dull, please make it clear to the first assistant." ”

The first assistant of the cabinet did not answer, but actually talked about a new topic: "I remember, you seem to know something about our country's stock market, and in March 2007, you said that the economic foundation is not enough to maintain the Shenhai Securities Index above 4,000 points. Later, as you predicted, the stock market was inflated for a period of time, and then quickly fell back below 4,000 points. After the Shenhai Securities Index fell below 3,500 points, many experts and scholars frequently called on the government to bail out the market, and some people opposed the national bailout, emphasizing that 'the stock market has its own ups and downs, and the government should not save it, cannot save it, and does not need to save it'. Can you share your point of view? ”