Chapter 1398: Won’t You Give Me an Explanation?

Looking at this bull in front of Bowling Green Park, I have to say that Italians are not good at fighting, but they are still very reliable in art. Arrogance, strength, courage, this is the most intuitive feeling of William White.

It's a pity that this thing is a bit out of date now, and the cow is still the same cow. But Wall Street is covered by a huge brown bear.

William White didn't like Wall Street, not at all. In his opinion, underneath the bull, there were simply bones.

I took a deep breath, but I still felt a little depressed. Either the air in New York was really bad, or the surrounding buildings were too dense. Anyway, it was all out of place.

"Boss, it's almost time."

“Well, let’s get out of here, you know Philson, every time I come here, I like to look at this bull.

It's a pity that every time I come here, the performance of the stock market is not very good. I don't know if it's a coincidence. I think they don't want me to come here often. "

Philson wants to scold me a little bit. It's already late now, but you still have the guts to complain here. Of course they don't want you to come over. They are all old guys and you are the only one under fifty years old. Think about it, a bunch of old guys looking at a high-spirited handsome guy would be damned if they could be in a good mood.

Seeing Philson's strange expression, William White didn't take it seriously. He is not showing off, nor does he have no sense of time. In fact, at his status, he basically acts with a stopwatch.

No matter who needs to be greeted or what kind of meeting is held, it needs to be on time and on time. The punctuality mentioned here does not mean in advance, but just right. And today I am deliberately late, which is to express an attitude.

Yes, my brother is very angry right now. It is easy to bail out the market and it is okay not to make negative remarks. But, is this how Merrill Lynch and Citigroup plan to get through?

Humph, I'm afraid I'm overthinking it.

"Sorry, gentleman, the traffic in New York is really bad." Taking off his top hat, William White shrugged and apologized. This is necessary. It doesn't matter if you are late. This is an attitude. If you are not polite, it is a problem of upbringing.

Of course, the lame excuse of a Sunday traffic jam is a bit insincere. You bastard, there can be traffic jams on Wall Street at any time, but in the early hours of Sunday morning, this is a bit magical.

Well, not many people care about his irrationality. Even Greenspan, sitting in the middle, just smiled and nodded.

One Wall Street, Bank of America Building. William White didn’t understand, shouldn’t you go to the Fed for such a meeting? Or, it’s OK to walk a few steps to Damo.

Listening to Greenspan talking about bubbles in front of him, William White felt a little pained. Do you really think that I am an ordinary investor? The Internet bubble is a problem?

The entire Nasdaq, when its shrinkage was at its most severe, was only US$5 trillion. You may sound exaggerating, but in fact it was just that.

many? Of course there are many, but what is being discussed now is the overall shrinkage of the U.S. economy. Let’s put it this way, even if people here raise one trillion yuan, they still won’t be able to solve the problem. Just like the subprime mortgage crisis, subprime loans are not that terrible in themselves, and the numbers are not exaggerated. Banks are not fools. There won’t be too many loans.

"Um, interrupt me, Allen, I find that you are going in the wrong direction. Denouncement of Internet companies will not actually solve the problem. In fact, I still don't think there is much bubble here.

CDO, CMO, ABS, SIV," William White knocked on his head and said, "Everyone, can any of you give me some popular science on whether there is any risk control management for so many derivative products?

No, when you invented this toxic bond, did you consider the consequences? "

Well, Greenspan’s old face turned red from suppressing it. He never expected that at this time, this guy still refused to admit the bubble.

Of course, he actually understands that the essential factor causing the current situation is these derivative products.

"Ahem, we will discuss this issue eventually."

"I'm so sorry, go ahead and pretend I didn't say it." William White shrugged, completely ignoring Greenspan's dissatisfaction. Of course, the CEOs of Citigroup and Merrill Lynch were also ignored by him.

Buffett glanced at this guy, and he finally figured out that the reason why William White came was to ruin the place.

Want to bail out the market?

Simple!

Want an injection of liquidity?

That’s even simpler!

But, please clarify the matter clearly, whose responsibility it is. Damn it, all the blame is thrown on high-tech companies. Without you bastards adding fuel to the flames, who would have the ability to directly double Nasdaq in just one year?

A fine of hundreds of thousands of dollars?

Humph, how could someone who already knew the results of the process endorse it. If it were Morgan Stanley and Goldman Sachs, this dumb guy would be the one to admit it.

But, why does Citigroup have this guy?

Are you familiar with me?

With this guy's interference, the big guys here are all aware of it. I'm afraid it's impossible to resolve this matter, but it's okay. You're making money so hard, why do you want us to take the blame?

"Boss, you were a little reckless just now about this matter today."

William White waved his hand and said: "I did it on purpose, just let them know my dissatisfaction. I will go back to Los Angeles in the afternoon, and you have full authority to handle matters here."

Um, there are some black lines floating on Philson's head. He really doesn't understand. Why do you keep doing this if you know it won't change anything?

"Filson, the reason why he agrees is that he is worried that the United States is heading for recession. The current situation in the United States is very bad. More than 30% of GDP is not manufacturing or services, but these financial and financial derivatives.

This is dangerous and bad. The most important point is that no matter what I say today, they will not make any changes. Mark my words, eventually, we all end up getting killed by these things.

When it comes to the final moment, at least I can face it very calmly. "

Filson had nothing to say, that's how Wall Street is structured, buying and selling securities and bonds, where their greed can be supported. If you want to make more money, you must make the cake in front of you bigger.

What is the most profitable thing on Wall Street?

Financial innovation!

Think about it, if you invent something from scratch, as long as you can sell it, you can earn a lot of commission.

Virtual economy, you virtualize it again and securitize it. Oh my god, how desperate would it be to dare to do something like this?

Feilson could only express his helplessness towards his boss's willfulness. If one is red-faced and the other is pale-faced, you won’t be afraid of outshining others.