Rebirth of the Strongest Tycoon
Chapter 871 The Position of the Federal Reserve and the Treasury Department
"It's gotten to the point where it's so bad that I don't think the government wants to see us go bankrupt."
After a long time, the words of a director broke the silence.
Tendler Wells, who was sitting on top, raised the corner of his mouth slightly, and glanced at the person who spoke vaguely.
Kester Philip was refreshed and immediately said: "Yes, the government has managed to curb inflation initially. Our company goes bankrupt and has the greatest impact on the government. I suggest going to see G William Miller immediately."
The G. William Miller in his mouth is the current Secretary of the Treasury in the Carter administration of the United States.
Not only that, G. William Miller also served as the only non-Jewish chairman of the Federal Reserve from 1978 to 1979. Although he only served for one year, he also had a lot of close relations with the Federal Reserve.
Since the Hunt family is about to go bankrupt by speculating in silver futures, the rogues can force the Federal Reserve to borrow $1.1 billion to tide them over, so why can't Philip Brothers?
Thinking of this, Kester Philip's heart fluttered, and his eyes swept across the faces of the directors stationed in several banks.
In particular, the directors stationed by Bear Stearns are the focus of Kester Phillips.
If you want to get the help of the US Treasury Department and the Federal Reserve, it is best to ask a group of investment banks to come forward. This probability is the greatest.
Bear Stearns is the direct descendant of the Jewish family. Although Philip Brothers is also a Jewish company, its internal forces are already mixed, and its strength is far inferior to the former. It is definitely not as easy as Bear Stearns.
Bear Stearns has lent more than one billion dollars to Philip Brothers. If Philip Brothers goes bankrupt, in addition to the biggest losses for the Philip family, Bear Stearns will definitely be the second largest.
Feeling the gazes from all around him cast on him, the director of Bear Stearns turned black, his eyes swept across the faces of everyone coldly, and he said in a straight voice: "You don't need to look at me, it would be a good idea to find the Ministry of Finance or the Federal Reserve. There is a solution, but Bear Stearns alone cannot solve it, everyone must come forward together!"
After he finished speaking, he looked at Tendler Wells, who looked up, and said, "Wells, the company also has a large-scale lending business with other investment banks. I suggest you ask them to come forward with us."
Tendler Wells, who had achieved his purpose, nodded with a smile: "No problem,
I don't think they will refuse. "
"Then don't waste time, quickly discuss specific steps and act as soon as possible."
Kester Philip urged impatiently.
Everyone who reached an agreement immediately discussed it, and soon a complete implementation plan was formed in the mouth of this group of elites.
After the meeting, many people rushed to their respective companies immediately, intending to report the real situation of the meeting.
Looking at the empty conference room, Tendler Wells looked worried, came to the floor-to-ceiling window, looked at the New York Mercantile Exchange in the distance, and muttered to himself: "I have done the last thing I can do, If that doesn't work out, then Philip Brothers really just has to go bankrupt."
...
"Miller, long time no see."
"Walker, it looks like you're in good spirits."
After greeting each other, G. William Miller followed Paul Walker to the living room and brewed coffee.
"Miller, they've already found you? They asked you to be a lobbyist?"
Paul Walker said with a smile.
He knew that the most critical period of the election was approaching, and the Treasury Department did not make any big moves. Now G. William Miller suddenly came to visit him, and he could not think of anything other than Philip Brothers. .
"Looks like they've found you too."
G. William Miller smiled lightly, then asked with concern.
"Walker, what are you going to do?"
Paul Volcker smiled, but did not answer directly, but asked instead, "You came with the idea of the person in the White House?"
G. William Miller's smile froze, then relieved, and he was immediately guessed.
"Yes, Mr. President hopes that the market order can return to normal, and only a stable financial order can create greater value for Wall Street and the United States."
Paul Volcker smiled irrefutably and said: "The New York Exchange Commission and the US Commodity Exchange Commission have been involved in the investigation, but as far as the current investigation results are concerned, all transactions are legal."
Paul Volcker's attitude made G. William Miller unpredictable. He frowned slightly and said solemnly: "Volcker, the Fed has managed to curb inflation. If Philip Brothers collapses, it will affect the entire Wall Street. , and the industrial sector will also be impacted, and the consequences will conflict with your plan.”
"Four months ago you were worried about the collapse of the International Metal Investment Corporation. The Federal Reserve lent $1.1 billion to the Hunter family. This time the impact is no less than the last time!"
As a diehard of President Jimmy Carter, G. William Miller understood the consequences of the collapse of Philip Brothers.
The Democratic Party has already fallen into decline, and a big reason is that the economy is not good because of inflation, and voters are dissatisfied and vote with their feet. If the collapse of Philip Brothers causes economic turmoil, it will definitely be caught by the Republican Party.
Although the final stage of the election has nothing to do with ordinary voters, I am afraid that the Republican Party will use this matter to make a fuss.
The reason why he would consider this is because he knew that Jimmy Carter's think tank had studied the plan overnight, and planned to use the rescue of Philip Brothers as an opportunity to gain the support of some Wall Street Jews.
Taking advantage of the opportunity in the Middle East, the Republican Party has temporarily pulled most of the Jewish forces into the Republican camp. If they can differentiate some of them, they can add some odds to Jimmy Carter's election.
Paul Volcker can be the chairman of the Federal Reserve, and he can be the chairman of the Federal Reserve until 1987. The IQ can definitely be regarded as the top in the world.
Although G. William Miller did not say it, he could also guess the real reason why G. William Miller was so anxious.
Although he is a German Jew, he does not necessarily have to save Philip Brothers.
Jews are famously united in the world, but the most united time is when it comes to Israel. In fact, in ordinary times, it involves their own interests and also has different ideas and positions.
He is very clear that Philip Brothers is different from the Hunter family, and the time is too sensitive now. Even if he is the chairman of the Federal Reserve, he still has to be concerned about some things at this time, such as the big position of the Federal Reserve, and whether he can be in G Conditions for William Miller to take office after being ousted as Fed chairman.
So in this matter, he had to be cautious again and again.
What's more, he will not be in a hurry to express his position when Philip Brothers is not at its most dangerous.
I saw Paul Volcker shook his head with a sullen face and said: "Miller, although I am the chairman of the Federal Reserve, some major issues have to be submitted to the board of directors for discussion. I will immediately convene a think tank to study and submit it to the board of directors. As for How it turns out, it will take some time.”
G. William Miller frowned, stared closely at Paul Walker, and said with a serious expression: "Walker, now the situation has reached the most dangerous time, it must be resolved as soon as possible, otherwise there will be a A disaster, the Soviet Union would like us to be stuck in a quagmire and not be able to climb out."
Hearing the Soviet Union, Paul Volcker's eyes narrowed, but he still maintained his position.
He said solemnly: "Miller, I'm already thinking about how to solve this matter safely. You should understand that some things are deeply involved and cannot be solved so easily. How much capital from Wall Street has entered the market now? Have you checked it out?"
"The last time the Fed rescued the Hunter family for the market, this time, if it saves Philip Brothers, then the future economic order will be in trouble, and the crocodiles of Wall Street will recklessly repeat this kind of thing, because no matter the outcome, it will be The Fed has the bottom line! Risks and benefits are not equal!"
"It is best for the market to resolve matters related to the financial market on its own, which is conducive to the optimization and development of the financial market."
"If it gets really dangerous, the Fed will do its job, but before that, I think you should think about how to adjust from the policy side and the regulatory side."
G. William Miller had a contemplative look on his face. After a long time, he nodded and said, "What you said makes sense."
"However, for the sake of safety, I hope you will submit it to the Federal Reserve Board for discussion as soon as possible, and the fiscal and financial departments will also take appropriate and effective measures as soon as possible."
Paul Walker nodded, "No problem."
Then, the two chatted for a while, and then G. William Miller said goodbye.
Watching G. William Miller's car move away, Paul Walker's eyes were a little lost.
Thinking of the Rockefeller consortium, the Morgan consortium, the Jewish consortium, the financial giants on Wall Street, etc., he couldn't help pressing his temple, and said to himself with some headache: "It's really a troublesome thing, let's see, maybe some companies will Philip Brothers is interested, the market can solve it is undoubtedly the best, as long as it does not go bankrupt, whoever takes over is the best result for me..."
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