Chapter 1217 Just Pure Destruction

"Asshole, is he planning to destroy the entire Wall Street?"

"Alan, losing your temper will not only do nothing to help the situation, but will only make you a laughing stock."

Paul Volcker was very calm in the face of Greenspan's anger. Since jumping out of the big pit of the Fed, he found that his vision has become broader.

Yes, the head of the Fed has a high position of power. However, most of the time, they are actually at a loss. Just like Greenspan now.

This guy didn't even notice that NBC was actually off. In other words, you provoked William White and he took revenge. Now, you can continue. As for how to clean up the mess, this is what you need to consider.

"Paul, old man, I'm having a hard time. Long Term Capital Management's sudden explosion, this is terrible."

Greenspan is now in trouble. At first, when Maozi lay down and defaulted on the debt, he didn't take it seriously. In other words, he was a little gloating about his misfortune.

Giving up national credit is simply asking for death. If any country wants to develop, national debt is a must.

But what stunned Greenspan was this.

The seven most important industrial countries collectively experienced a sell-off in their national debt.

Damn it, if Maozi can refuse to pay back the debt, how can you, Yingjiang, be immune? In such a big country, if it refuses to pay, it will default on its debts. It seems that the national credit as a guarantee is not very reliable.

Some of the so-called international hot money may not necessarily be hot money. It might be the church, it might be the royal family, it might be some hermit family. One characteristic of these funds is that they do not pursue asset appreciation.

Well, that's not accurate. To be precise, these funds are very risk averse. If the investment fails, many people may not survive.

Damn it, you can refuse to pay for the bonds issued by the state. That’s okay. If you can’t survive anymore, just exchange them for U.S. dollars.

As a result, one can imagine the dilemma of Wall Street. The so-called hot money is bought in full, and they, like Long-term Capital Management, use leverage to buy it. At the same time, a considerable part of the bonds they buy are pledged.

Long-term Capital Management used roughly 60 times leverage. You think about it, let alone what happened in Mao Ziguo, even if there is a decline, it will be very fatal.

If it falls by 2%, your small money will be wiped out. If it is more, you can figure it out for yourself. This is a deadly rhythm.

Merrill Lynch, Morgan Stanley, and Goldman Sachs are willing to take over. If you say they are rescuing Long-Term Capital Management, you might as well say they are rescuing themselves.

As long as there is enough money, as long as there is enough time. The value of these bonds is still guaranteed.

However, the calculation was good. With the endorsement of the Fed’s Treasury Department, these bastards don’t have to pay a dime. As long as they wait until the delivery day, tens of billions of dollars will be given away as if they were free.

Ahem, the design is good, everyone has a share in more than a dozen investment banks, this is simply a pie-in-the-sky rhythm.

But wouldn’t your conscience hurt if you make this kind of money?

Okay, stop talking nonsense, does it have anything to do with you whether it hurts or not? The reason why you have so many branches is obvious. There are so many people who can share the benefits, but I am left alone.

Is this considered capital discrimination?

No matter what, if labor and capital no longer make money, you can't even think about it. A group of rampant gamblers actually want the endorsement of national credit. I just want to ask, can we order 13 faces?

"Alan, you deliberately ignored a capital tycoon. Could it be that those old people don't even have the courage to admit defeat?"

"Ahem, Paul, you can't say that either. He gave up the acquisition. This is a well-known fact.

Originally, he had the opportunity to become a real investment banker in an investment bank.

Long-term Capital Management, this is the top investment dream team, perfect positive correlation convergence strategy, computer quantitative blessing, ubiquitous arbitrage opportunities, superimposed with ultra-high leverage, the profit is simply a myth.

Okay, maybe it's a little unsteady, but it's also a crime other than war. "

"Yeah, so, their destruction will only be in an instant. How do you say that, if God wants to destroy him, he will first make him crazy." Paul Walker curled his lips, and he no longer planned to pay attention to this. Let’s get together. Now Greenspan has started talking nonsense.

Man, you have to remember that you are not a politician but a scholar. As a scholar, if you can't even seek truth from facts, well, you basically have nothing to do with academics.

After arguing for a long time, they didn't come up with a solution.

If the two old guys knew it, William White didn't actually think that much. His original purpose was just to cause destruction.

Yes, you don't get a share of the cake and you have to be isolated. But anyone with a temper can never tolerate this. Even if William White had the strength of a tortoise, he would not discuss this matter.

Besides, isn’t what NBC said the truth?

Omega Consulting is also a giant in hedge funds, so why are they okay?

You see, it’s not that there are no people who understand, others are also hedge funds. Although it ranks last among the four major hedge fund companies.

But, look at now.

Quantum Fund’s backbone was broken. If Soros’s backing wasn’t strong enough, it would have been dead.

Long-Term Capital Management was dead, and now a group of predators were roaring around its corpse. Even though he was about to die, he still wanted to bite off a piece of meat.

As for the Tiger Fund, well, he hasn't been in good health lately either. Little Japan has suddenly gone crazy in the past two days and plans to stick to its own exchange rate.

Well, that's why they're selling all the bonds like crazy.

At this time, the whole world is Spartan. They seem to have remembered that the world's largest creditor country is no longer Eagle Sauce.

The biggest creditor started a liquidation sale. Damn, this world is so crazy.

Damn it, that bastard seems to be betting on the appreciation of the yen.

You say we are greedy gamblers, aren't you? Don't forget, you are also a member of Wall Street.

Wait, why do I feel that this company is not like a Wall Street company?

No one is talking about whether to bail out the market anymore. The problem now is that Eagle Sauce seems to have messed up. If effective measures are not taken, a worldwide Great Depression is right around the corner.

It's hard enough to shoot yourself in the foot, but what you are trying to hit now is your own penis.

Hehe, I don’t intend to go too far. Could it be said that this is the Sunflower Book?

Alas, why don't you read the instructions carefully? Even if you have self-conception, you may not be successful.

Being uneducated is terrible!

“I’ve said it a long time ago, the world has become a flat surface, and no person or economy can survive alone.

An efficient and rapid response mechanism must be established.

What? IMF, don't be ridiculous, they will never contribute anything except destroying your job.

Okay, let me reiterate, I support bailing out the market, but I don’t support bailing out those gamblers. Highly leveraged hedge funds fall within the scope of gambling. "

After a few words without thinking, William White's bodyguards squeezed out a passage, protected him and walked away.

Of course, the reporters packed into the White Center were not disappointed. With the paragraph just now, I can write a novel by myself.

No matter what this guy says, making money is easier than drinking water, the market will react in a certain way.