American Fortune Life

Chapter 1069 Exchange of Three Billion and Five Ten Billion

"Then how are you going to thank me?" Paulson took a sip of coffee, put the coffee cup on the desk, looked at Andy sharply, and asked.

"Thank you." Andy thanked Paulson sincerely.

. . . . . .

Paulson and Hamilton didn't realize it at first, thinking there was more to come, but after staring for more than ten seconds, Nima realized that the bastard's so-called thank you was just a "thank you".

There were black lines protruding from the foreheads of both of them, Paulson was even more annoyed and laughed, and he thought too much, how could he expect anything from this young bastard in front of him.

"Okay, Mr. Smith, let's not go around in circles. I came here today to hope that you can fulfill the agreement. You have already got what you want. You can tell me the news you said and mastered at the dinner last time! "

Paulson stopped the angry smile on his face, looked at Andy with burning eyes, and said straight to the point.

"Hey, Your Excellency the Treasury, don't mention the acquisition of the bank. I was really tricked by the FDIC. No wonder they couldn't wait to make a deal with me. The non-performing assets and subordinated bonds of the original IndyMac Bank are really surprising. , you don’t know, I’m going to have a meeting all day now to discuss and study how to reduce losses, hey, sorry, both of you, I’m going to a meeting again soon, how about this, I’ll invite two co-workers at noon For lunch..."

Andy frowned, looked at his watch, and complained to the two guests as if he was overwhelmed by the bank's troubles, completely ignoring Paulson's question.

"Andy, you can't be too greedy..."

"Huh? Am I greedy?" Hearing Paulson's complaint, Andy, who was still frowning, changed his face into a calm sneer, and a rhetorical question interrupted Paulson's words .

"The $10 billion in loans and the acquisition of four bankrupt banks were exchanged for the cessation of the short market in the U.S. stock market and two promises of help, as well as my abandonment of the gold market. The most important thing is that this matter is a win-win situation. The FDIC is eager to find The taker, and I am interested in the banking industry, can also curb the continued spread of the run. . .

Don't you think that's a very fair trade? I have solved the big trouble for you, Mr. Finance Minister, our transaction is over, we are not in debt to each other, are we? "

The corners of Andy's mouth turned up, with a slight smile on his face, straightened his arms, put the coffee cup on the desk, supported the elbows of his arms on the armrest of the boss chair, crossed his fingers in front of him, and his voice was a bit clear Eloquently.

. . . . . .

Paulson froze slightly, opened his mouth with a frown, and wanted to say something, but Andy Smith's words really couldn't be refuted, but Andy in front of him was indeed a nasty bastard, crossing rivers and tearing down bridges, waiting for a price.

His own big boss was speechless. As the chief of staff, Hamilton naturally would not look at the boss in an embarrassing situation, looked at Andy and said: "But we have contributed to the early takeover of IndyMac Bank, and this is undoubtedly I'm helping you..."

"I'm very grateful, really, you are very good partners." Andy shamelessly continued to use a word of thanks to turn things around, and Hamilton was almost suffocated.

. . . . . .

Paulson met Andy's clear and fearless eyes with a gloomy face, and neither of them had the slightest intention of backing down.

"Tell me, what do you want this time? Don't go too far!" Paulson was almost gnashing his teeth. To be honest, since he took over the position of finance minister in the Little Flying Shoes government, he basically sat in a On the crater, wherever there is fire, he will block it.

Not only is he exhausted, but he also has to face the difficulties and wrangling from the two courts. To be honest, he really regrets taking this thankless position. Dealing with a group of greedy and selfish vampires, the negative energy accumulated in his heart is really overwhelming. Too much.

Well, even if he himself used to be the same as these guys,

After all, he used to be the chairman of Goldman Sachs Group, and he is also the maker and participant of the current subprime mortgage crisis.

"No way, the current bond market is at a standstill. Sorting out IndyMac Bank's non-performing assets is currently our biggest headache. The $3 billion MBS bond has become a cancer that banks cannot get rid of at present...

I know that the Federal Reserve has launched an innovative liquidity support tool, TSLF, which uses treasury bonds to replace the mortgage assets of primary securities dealers by means of auction. It is an asset swap agreement that is exchanged after maturity and is valid for six months.

It's a pity that we are newbies in the banking industry, with a weak background and a small business. We can't compete with those large institutions like Liangfang and Lehman. The hope of being able to take pictures is very slim, and the validity period is a bit short. We are really fast. I'm so sad. . . "

The complexions of Paulson and Hamilton suddenly changed. They couldn't accept Andy's big appetite. They wanted to exchange 3 billion toxic bonds for national debts of the same value. what!

You must know that these treasury bonds can be used as collateral to exchange for funds of the same face value. The form of auction can allow the Fed to reduce losses, and even survive the most difficult stage through bailouts. When the real estate market picks up, you can make a small profit. .

However, a one-to-one ratio exchange is undoubtedly unacceptable to the Federal Reserve. Even if the scale of 3 billion is not large compared to 75 billion, it undoubtedly allows the Federal Reserve to bear all the risks of this part of the MBS.

Being so greedy at such a young age, Andy once again refreshed Paulson's impression of him.

"Hehe, 3 billion to replace national debt... Andy, I'm really curious if your news is really so valuable?"

Andy didn't care at all about the sneer on Paulson's ashen face and the sarcasm in his words, he just smiled lightly and said.

"Don't say it, I really can't replace the 3 billion national debt. I am very, very, very at a loss! However, who made us friends and partners, so let's suffer a little bit, after all, It's very important, it's useless for me to grasp this news...Oh, no, it's not that it's useless, but that I can't do anything about it!"

"Hehe, is it? Since there is nothing we can do, we might as well speak up, maybe we can deal with it..."

This time Andy seemed to be a stunned young man with no intentions, and he didn't continue to hide and say: "Actually, it's nothing, it's just a Ponzi scheme worth 50 to 60 billion, tsk tsk, the problem is this Because of this economic crisis, the big scam can no longer survive, and it needs to..."

As he spoke, amid Paulson's shock and Hamilton's dumbfounded, Andy showed an incomparably bright smile on his face, showing his big white teeth, and made an explosive gesture with both hands.

"BOMD..."

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