Chapter 2430 Nothing to Say

Feng Yiping was stunned. We just started talking about subprime loans. Now you want to talk about my investment. Can we finish the topic properly first? Can we not always change the topic so drastically?

Seeing Feng Yiping's dumbfounded expression, Paulson was a little proud.

He didn't know why Feng Yiping was surprised, but he was definitely not surprised that he knew about his fund.

Because Feng Yiping must know that for a Treasury Secretary like him who was originally a core person on Wall Street, such news must not be hidden from him.

Of course, this is also a more private and sensitive issue, but Feng Yiping must have expected it. He must know that this must be one of the topics that must be discussed in today's meeting.

So, what was he surprised about?

But no matter what he was surprised about, Paulson felt proud, because that meant that he was surprised to ask this question at this time.

What we want is to surprise you.

"Making such a decision is not only based on my judgment, but more importantly, it is due to the greed of Wall Street,"

After listening to Feng Yiping's words, Paulson, who was a little proud just now, could no longer be proud.

Although he is now the Minister of Finance, he became famous and rose on Wall Street. Feng Yiping's comments on Wall Street in front of him are somewhat like pointing at a monk and scolding a bald man.

But Feng Yiping hasn't finished yet, "And, their stupidity!"

Greedy and stupid!

Paulson's heart was steaming with anger.

But Feng Yiping followed up with another sentence, "If it weren't for their greed and stupidity, how could there be such a bad situation today? Don't you think so, Mr. Minister?"

"Oh," Paulson picked up the coffee, "You're right,"

In order to refresh himself, he drank almost original coffee, which tasted bitter.

But what was more bitter was his heart. He is now the Minister of Finance. Facing such a question from Feng Yiping, can he still deny it?

However, this affirmation always seems to have the suspicion of putting himself in the group of greed and stupidity.

But what else can he do?

He knows better than anyone that the source of this crisis is Wall Street.

The initiators of this crisis are those idiots on Wall Street who only care about making money but never take a serious look at what is in the products they sell.

"There is another more important point. I always feel that unlike the Minister at the beginning, many people on Wall Street now really regard themselves as the masters of the economic field,"

When saying this, Feng Yiping thought of the Wall Street companies that were planning to plot against him at this time.

Do you think you are the master?

Bah!

"Therefore, they probably have lost the concept of risk control,"

"I even doubt whether the risk control departments of many companies on Wall Street no longer exist,"

"Speaking of which, as long as they can control any of the three aspects of greed and stupidity, plus risk control management, like all other companies, they can control it to some extent,"

"Or, let's not talk about control, as long as they can pay some attention, no matter how accurate I am in the development of the market, there will be no such investment opportunity,"

"Because no one will take my orders at all,"

For this point, Paulson felt sorry for his former colleagues, Goldman Sachs, which also took Feng Yiping's orders, and his former colleagues, and felt angry for their lack of struggle.

When others seem to be sending money to your door, can you hesitate a little and think about why?

It's better to think about a simple question. If there is such a stupid person, how can he operate such a large amount of funds?

If the funds of hundreds of millions are really as stupid as you think, he will not only fail to make money, but also fail to raise them.

They are really greedy and stupid, not only do they have no risk control concept, but they are also self-righteous and arrogant. They think that other people are stupid because they all come from famous schools and are top students in famous schools, and they also have high salaries that ordinary people can't reach.

"As for their headaches, I think that is just like their reason and wisdom, which does not exist," Feng Yiping no longer leaned on the sofa casually.

He put down the mineral water bottle and sat up straight, leaning forward a little, which clearly showed his serious attitude.

"Transactions of this amount are indeed a headache for most companies, but not for those on Wall Street,"

"I believe that Mr. Minister must know better than me that on Wall Street, a fund like ours with a total amount of only 4 billion is nothing?"

"On Wall Street, transactions of billions are nothing?"

"I think if they did not receive large premiums every month after signing the contract, I am afraid those companies would not send someone with a little weight to receive our people,"

Paulson wanted to say, but these orders of yours are at least several times the return, and the high ones are even more than a hundred times the return. How can this not be a headache?

"Not only is our transaction amount not in their eyes, but even this return, what is it?"

"They have invested in a project for nearly two years. If they only get a ten-fold return, they will not be satisfied, right?"

Paulson was speechless again.

Let’s say that when he proposed to transfer Alibaba’s shares, besides because of Ma’s statement, Alibaba’s listing seemed far away, wasn’t he also not optimistic about the return on investment in Alibaba?

In fact, their return on investment is also higher than 10 times.

Projects with a return on investment of more than 100 times, how could Goldman Sachs under his leadership be rare?

But the problem is that there are really not many projects that can get high returns with a one-time investment of 4 billion US dollars.

But what can he say?

Is the investment amount large? Feng Yiping has analyzed it, it is really not large.

High return on investment? Who among them has not been responsible for investment projects with high return on investment?

“It can’t be that when they invest themselves, a return of 100 times is considered low, while when we invest, a return of several times is considered high,”

Paulson has nothing to say at all.

"You know, up to now, we have paid hundreds of millions of premiums,"

"It is impossible that when we invest, they welcome it with open arms, and when we need to pay the premium, they do not allow any delay. When the current situation is indeed as we expected, they may pay the price, and then complain,"

"There is no such reason in the world, right?"

"We often hear such a joke, a multi-millionaire, handed his wealth to Wall Street, and a few years later, he successfully became a millionaire,"

"Did those people ask Wall Street for anything?"

"There are so many people who believed in the salesman's plan, mortgaged their own properties, and bought securities products issued by Wall Street. Now they can't even keep their houses. Have they asked Wall Street for anything?"

"No, no matter whether they knew the content of the signed agreement at the beginning, they chose to abide by the agreement,"

Paulson thought of his classmates who had been deceived and had lost their houses, and were about to lose their houses, and next, they might not even have a complete family.

"So, to put it bluntly, they are not just having a headache, they are just having a pain in the flesh!"

"They just see that the current situation is not favorable to them, so they don't want to abide by the agreement, that is, they don't want to pay us the return they should according to the agreement,"

"But you see, if the house price rises next, will they allow us not to pay the premium, or pay less premium?"

That is naturally impossible.

"Haha, Feng, I don't mean anything else, I just congratulate you on your good vision," Paulson said.

Someone from Wall Street called him and told him about the situation related to Feng Yiping's fund.

Some heads of companies, including Goldman Sachs, came to him and talked about this issue with him, hoping that he could help to mediate.

He did not make any promises about this, but he certainly hoped that if the opportunity was right, he would definitely help to mediate.

After all, in his heart, he must still be inclined to Wall Street.

But after hearing what Feng Yiping said, how could he have the nerve to say those words?

"Another question, I am also very interested in, why do you think the crisis will finally end in 2009?"

PS: I have to apologize to everyone again, I am too busy today and I can't add more updates in time, sorry! But please rest assured that there will be no less updates.