American Fortune Life
Chapter 1005 Gold Barbarians
Some people may find it ridiculous, why does Andy Smith threaten a finance minister and his chief of staff, isn't he threatening a bank with the risk of bankruptcy?
Just take over directly and let the Fed transfuse it to keep it. The threat is a bit naive. . .
Why are you afraid that any bank that has been in crisis will fail, and why have so many banks failed and not sold to others at a low price like Bear Stearns?
The subprime mortgage crisis, which lasted for a year, is itself a huge black hole. One whirlpool after another is so confusing that even the people in the whirlpool don't know the details. How big is the loss caused by the subprime mortgage crisis?
How many investment banks and financial institutions bought how many subprime mortgage derivatives?
How did the subprime mortgage crisis affect the global economy?
How did the United States smooth out the subprime mortgage crisis?
When will the subprime mortgage crisis bottom out?
Not only the U.S. government is not clear about these questions, but even Wall Street, which released monsters and created the subprime mortgage crisis, is also unclear. It is naturally even more difficult for ordinary people to find definite answers.
And this is the terrible thing about the subprime mortgage crisis. The unknown is the scariest thing!
Just like Geithner, who is currently the chairman of the Federal Reserve and later served as the Treasury Secretary of O'Hai Niu, recalled.
"I don't know how to describe those horrible days, the feeling of facing the crisis, the combination of overwhelming responsibility and numbness to financial catastrophe.
Frustration over the inability to control the situation, uncertainty about remedies.
The fear that good strategies can go the other way.
Pain and guilt, loneliness and numbness. "
. . . . . .
No one wants to take the risk of turning on the black hole because of recklessness, because the black hole will swallow everything, no matter it is good or bad.
And Andy Smith knows the coordinates of the black hole and what conditions the black hole needs to open.
The problem is, others don't know. Seeing him recklessly rushing to kill, grabbing money, everything is going well. Others are cautious not to step on the thunder and be killed. Suddenly such a master comes, whoever wants to do this Knock down the crazy first, don't blow up everyone!
Andy never thought that he took advantage of these banks,
To put it more clearly, it is the dream of many people to take over these banks that have failed or entered bankruptcy protection.
During the economic crisis, the banks in the United States went bankrupt. Most of them were taken over by the government, and finally sold off at a low price after the crisis passed. No one knows how many of them took advantage of it.
And the real giants like Bank of America look down on these. They only have commercial investment banks like Merrill Lynch and MG Stanley in their eyes.
From another perspective, the U.S. government is also willing to take over from people like Andy with good personal credit and huge assets. After all, savings banks hurt the ordinary people and the middle class the most.
Of course, the only thing that is unacceptable is that Andy wants not to pay a penny, and even the interest on the borrowed money must be guaranteed by the Ministry of Finance, and these banks will be annexed at ultra-low prices. . .
If it really gets out of the financial crisis, let him complete the integration and get rid of the huge burden of loss-making liabilities, he will definitely become a new large bank in the United States.
However, because of Bear Stearns, the Ministry of Finance and the Federal Reserve have set a precedent for such an acquisition, and with the amount of Andy's personal assets, there seems to be no reason to reject this acquisition.
"We can consider conditions, but we also have conditions, and we need you to agree!" Hamilton didn't look at the memorandum of understanding on the table. Although this kind of thing is not legally binding, some people don't need to pass the law to get their own justice. If there is something to prove, we have seen, said, understood, reached a consensus, and verbal cooperation is enough.
"Let's hear it..." Andy knows that things are not that simple. The transaction is never one-sided. Threats are very lethal to those who can't see the future. At the same time, because of the unknown, the other party will choose not to compromise.
"In the short term, don't use your influence and funds to speculate on gold futures again. The ruan dollar is exacerbating the rise in commodity prices and pushing up bond yields. We really don't want the dollar to fall again this time!" Hamilton said. With a helpless expression, he said the first condition.
"Ha, why are you calling me behind my back, by the way, the gold barbarian, right? Hehe, yes, in the short term..."
A mocking smile appeared on Andy's face. The "Wall Street Journal" once wrote a report that referred to gold as a "barbaric relic". He Andy Smith is the new generation of gold barbarians.
What to say, right now, the "gold barbarians" are banging on the Fed's door, declaring that the dollar is a victim of past excess liquidity and easy money policies.
"Shoot twice... don't rush to refuse, we will never force you to invest in anything, you can choose to refuse to invest until you have a project you are willing to invest in.
But we want you to do what Warren Buffett does and do it twice because you both have huge amounts of cash and no one else can borrow money in this crisis and you are the ones the banks want to lend you money , crisis is accompanied by opportunity, I don't need to explain this point, just these two conditions, if there is no problem. . . "
Hamilton said, stretching out his hand to press the memorandum of understanding on the table and said with a smile: "I will take it back and return the signed one. After all, I am only the chief of staff."
"Yes!" Andy pondered for a while, his eyes flashed brightly, he agreed, and then he reached out and shook Hamilton.
"Happy cooperation!"
"Thank you for your cooperation!"
"Okay, the official business is over, let's talk about something personal. My invitation before was not a joke. Al introduced you to me. He has never praised someone like that. After Paulson leaves office, you will never return it. Goldman Sachs, how about coming to help me?" Andy solemnly invited with a sincere smile on his face.
"Hehe, thank you for your attention, but you already have Al, so it's impossible to build another think tank." Hamilton's eyes also brightened. He thought it was a joke before, but when it was mentioned again, he had to be serious Think about it.
"No, no, a think tank is enough, how about the new CEO of IndyMac Bank as the CEO?" Andy looked at the other party with burning eyes.
Hamilton shrank his pupils slightly, looked at Andy with a serious expression, then lowered his head and pondered for a while and said, "I will seriously consider it!"
"Well, I'll wait for your good news. I hope we can work together in the future. Believe me, working with me will make it easier to use your talents than Goldman Sachs, which is constantly fighting among themselves!"
Hamilton twitched his face, and said with a wry smile: "Mr. Smith, your way of persuading people is really...simple and straightforward, Goldman Sachs, hey, then I will take my leave first, and I will call when I have news."
"Hehe, okay, I'm waiting for your good news... By the way, don't forget about Blue Mountain Coffee. It is the government's responsibility to protect the rights and interests of our American citizens. If I don't get what I want You know, the Ministry of Commerce will definitely receive the anti-dumping adjustment report from Congress, and it is also the government's responsibility to protect the competitiveness of American companies, right?"
Andy and Hamilton walked out of the cabin together. Andy looked at Ivana who was approaching slowly, turned around and said to Hamilton with a smile.
"Is this also one of the conditions?" Hamilton joked with a smile.
"No, no, as I said, this is the responsibility of the government. If I am bullied, it will undoubtedly be a slap in the face of the United States. This kind of thing is that we are becoming more and more restless and want to show our existence. The servant did it, you said, shouldn't it be beaten well?"
"Ahem...Okay, okay, I will report it and ask the Secretary of State to handle the matter." Hamilton coughed a little speechlessly, and said helplessly.
"Don't underestimate this matter. This is a business worth tens of millions of dollars per year. No. 1 Blue Mountain coffee is a scarce resource in the world. This is related to a monopoly market. The establishment of a coffee chain store is related to taxation and employment issues... Tsk tsk, tell me, is it serious or not!"
Andy's seemingly relaxed and teasing tone made Ivana who came over smile sweetly. As the person next to her pillow, Ivana naturally knew that her man was using his interests to increase the weight.
Sure enough, Hamilton's expression became serious, "I will notify State Secretary Yuan with an official document from the Ministry of Finance!"
Looking at the black spots where the helicopter went away, Ivana hugged Andy's chest and waist with a sweet smile, and pressed her tightly in her arms, and said with a charming smile, "Win?"
The corners of Andy's mouth turned up, showing a confident smile, he lowered his head and kissed Hongchun, and said softly, "Of course!"
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