Chapter 2745 Propaganda War

In the eyes of many people, Feng Yiping, who has been living a carefree life recently, is not really like what the outside world sees. He is actually very hard-working. These days, he has been paying close attention to the United States and Wall Street.

Marika has the clearest understanding of this.

When she woke up from her sleep in the middle of the night, she always saw Feng Yiping answering the phone. This night was the same. The night breeze blew in from the open window, gentle and comfortable, but the other side of the bed was empty again.

The light squeezed in from the half-open door, and at the same time, there was a faint voice coming in. It was not very clear, but it could only be heard that he seemed a little happy.

Yes, he has been very happy these days.

She guessed wrong. Feng Yiping was not happy at this moment, he was excited. "This is really a good show," he laughed, "This should be Fuld's desperate fight,"

"He really does not care about anything," Li Ruiyuan said, "Then Mr. Feng, do you think his efforts will work?"

"There is no possibility," Feng Yiping browsed the news on the Internet and said firmly, "His opponent is not an ordinary person,"

"But, haha, at this time, I guess many people will be very depressed,"

"Okay, you pay close attention, and the same sentence, relax, don't rush, don't rush, and be steady,"

"Okay, Mr. Feng, you go to bed early,"

Feng Yiping hung up the phone, but he couldn't sleep for a while. Thinking of some things in the United States, he couldn't help but feel happy.

Hearing no sound outside, Marika walked out in pajamas, "So happy again, did you make money again?"

"Oh, sorry, I disturbed you again," Feng Yiping was embarrassed to say that he was so happy because he was gloating.

"No, I'm used to it," Marika asked with a smile while sitting on Feng Yiping's lap, "So, is it okay now?"

It was okay before, how can it be okay now?

Feng Yiping felt that she might really be used to it, used to this kind of "communication" at this time.

Of course, he actually liked it too.

…………

On Wall Street, it was Goldman Sachs's Lauld's turn to throw the newspaper today, "Fuld, that bastard!" he cursed fiercely.

But he was angry, but he didn't forget that there were more important things to do at this time, "Connect me to the Ministry of Finance," he told the secretary.

The secretary immediately connected him to the phone call from Paulson's office. The call was quickly connected, and Paulson hurriedly said to him, "Wait a minute,"

Lauld heard the voices of many people on the phone over there, some of which were very familiar.

There was no way. After Paulson became the Secretary of the Treasury, he also brought many of Goldman Sachs' old subordinates to the Ministry of Finance, so in the United States, there was already a saying of "Goldman Sachs' Ministry of Finance."

But what did he hear? Paulson was talking to Fuld?

He was still embarrassed to call Paulson?

Fuld was very embarrassed.

There was a newspaper on his desk, and the TV was turned up loud. Two experts were exchanging opinions fiercely, "... no more rescue, we should have taken real action against Wall Street a long time ago... Paulson has come to break with the past,"

"So, should we let Goldman Sachs take this opportunity to completely clean up opponents like Lehman?"

These two sentences can be said to be the hot topics in newspapers, websites, and TVs starting today - Fuld's request. The relevant issues were discussed by the financial column on TV last night, but they were not realized. However, early this morning, this became a hot topic for experts on TV.

Paulson listened to the voice on TV coming from Fuld's phone, frowned and said, "Fuld, you must understand the absurdity of those remarks. I am the head of the Treasury Department,"

"Of course Hank, I understand this very well," Fuld's attitude was very sincere, but he choked in his heart, who would believe it?

"But I still hope to meet with you to discuss some issues,"

Paulson didn't look very happy either. Who doesn't know that these are your arrangements and your preparations for this meeting in advance?

He really wanted to avoid meeting Fuld, but in such an environment of public opinion, it would be hard to explain. "Of course, no problem. My office will always be open to you."

"Okay, see you in the afternoon."

Lauld had a chance to speak at this time, "What's with him..."

"Okay, Lauld," Paulson interrupted him, "If Lehman can't be saved, you won't have a good time either. At this time, you have to consider the overall situation. That's it. I'm very busy now."

Lauld listened to the beeping sound coming from the phone, walked to the window with some annoyance, and looked in the direction of the Lehman building. Fuld, you old bastard!

…………

Mumbai, Marika suddenly stopped and held Feng Yiping's face, "Are you still watching the news?"

Feng Yiping immediately said very seriously and angrily, "How is it possible?"

"You are just watching the news on the computer!"

"What news can be more attractive than you?"

"You are... uh," she couldn't speak.

Because Feng Yiping just stood up and held her in his arms and walked towards the bedroom, "I think it is necessary to discuss with you about your slander against me,"

But to be honest, he was really absent-minded just now.

The main reason is that Fuld is a real talent.

Lehman's PR department has perfectly fulfilled his vision.

Today, the news that has dominated the screens in the United States mainly has two aspects. On the one hand, Paulson should take real action.

The reason for this is that, in addition to the mess that Wall Street guys have made, taxpayers should no longer pay for it, and Paulson should be held responsible for what Goldman Sachs has done.

Because the academic community now has two main views on the reasons for the rampant subprime mortgage crisis: first, the lack of regulation of financial derivatives; second, the high leverage of Wall Street.

And these two things, in fact, are inseparable from Goldman Sachs.

Robert Rubin, former co-president of Goldman Sachs, first served as chairman of the National Economic Council of the Clinton administration, and then served as the 70th Secretary of the Treasury of the United States from 1995 to 1999.

The bill to abolish the regulation of financial derivatives, the Commodity Exchange Modernization Act, was promoted by him during his tenure. Another promoter was his assistant at the time, the Deputy Secretary of the Treasury, who later served as the 71st Secretary of the Treasury, and is now the head of economics for Obama's campaign team, and Sandberg's mentor, Larry Summers.

High leverage is the victory that Paulson led Wall Street to when he was at the helm of Goldman Sachs. In 2004, he successfully persuaded the US Securities and Exchange Commission to relax the restrictions on leverage ratios. Since then, Wall Street has finally been able to use high leverage without restrictions.

This is equivalent to putting the responsibility for the subprime mortgage crisis on Goldman Sachs and Paulson.

Many media therefore called for Paulson to stop tolerating Wall Street and take action against Wall Street...

This is also the reason why the head of Lehman's public relations asked a question when Fuld assigned the task yesterday, because if you only look at this aspect, it is equivalent to Lehman putting a noose on itself and letting Paulson take action against Wall Street, but the next one to be rescued is Lehman itself!

Fuld is certainly not that stupid, so the media is also hotly discussing another aspect: taking Goldman Sachs as a starter, is this what Paulson wants to do?

He just took this opportunity to completely get rid of Lehman, the opponent he failed to solve when he was at the helm of Goldman Sachs.

The struggle between Goldman Sachs and Lehman can be said to have lasted for hundreds of years.

At the beginning of the last century, when Goldman Sachs was still headed by Henry Goldman of the Goldman family (the surname before Goldman\Sachs in English, by the way, the surname Sachs after it was another partner when the company was founded, that is, Goldman's son-in-law), and Lehman Brothers was still headed by Philip Lehman of the Lehman family, Goldman Sachs, which had clients, and Lehman, which had undertaken the financial work of reconstruction after the Civil War and had a lot of money, began a close cooperation, which lasted for 30 years.

During this period, Henry Goldman even married his sister to the Lehman family.

But it was also in the later period of this 30-year cooperation, especially after Henry Goldman retired, that the two families had many conflicts over the issue of interest distribution, and finally in 1936, they had to go their separate ways.

When they broke up, in the minds of Goldman Sachs people, the idea that Lehman Brothers would not do any business at all and that they were parasites attached to Goldman Sachs was deeply rooted and continued.

They originally thought that Lehman would not pose any threat to them, but they did not expect that Lehman, which was originally lacking in business, would grow slowly.

Although Lehman only got 19 of their 66 clients when they broke up; although they were acquired in the middle - American Express acquired Lehman in 1984, and became independent again 10 years later; although their headquarters in the World Trade Center was destroyed during 911 - this naturally lost a lot of elite talents... but they just survived, and their scale is getting bigger and bigger, and they are getting more and more powerful.

How can Goldman Sachs feel comfortable? ...

And these grievances and entanglements are not clear to people on Wall Street except for the two companies, but now, it is estimated that many American people are clear, because the experts on TV will sort out these old sesame seeds and grains from beginning to end.

When this one is combined with the previous one, such public opinion really makes it difficult for Paulson to let go of Lehman, otherwise, it really seems that they are deliberately dealing with Lehman.

Moreover, it seems that this is not the propaganda led by Fuld himself. If it was led by him, why should Paulson take action against Wall Street?

This is naturally the main reason that makes Paulson and Lloyd even more angry. It is so clean.

Fuld flew to Peanut Village to meet Paulson with a proud mood. The purpose of his trip is very simple, that is, he hopes that Paulson can guarantee that he will inject capital into Lehman just like when Bear Stearns and Fannie and Freddie encountered difficulties.

On the plane, watching the two news that continued to ferment, he was full of confidence in this trip.

When Fuld was proud, there was another person who was very annoyed, more annoyed than Paulson and Lloyd, that is John Thain, the current president of Merrill Lynch.

He knew very well that the purpose of Fuld's propaganda in the media was to push the cause of subprime mortgages to Goldman Sachs; the second purpose was to make it difficult for Paulson to abandon Lehman and put himself in a weak and advantageous position when talking with Paulson; the last purpose was to target Merrill Lynch.

Based on the propaganda campaign launched by Fuld, we can draw two conclusions: First, Paulson should target Wall Street; second, Paulson should not target Lehman.

So, who should Paulson target? Only his Merrill Lynch.

Moreover, if Paulson took Merrill Lynch as a target, he would certainly receive more applause, because he, John Thain, worked at Goldman Sachs for 24 years.

When Paulson was the chairman of Goldman Sachs, he and Goldman Sachs' current helmsman, Lloyd, were co-presidents, that is, they were strong candidates for Paulson's successor.

But after knowing that he could not compete with Lloyd, he took the initiative to leave, first to the New York Stock Exchange, and then to Merrill Lynch.

But after Lehman's Fuld launched this campaign, he knew that he would definitely be labeled as a Goldman Sachs man again.

What could be more popular with the public than Paulson, who came from Goldman Sachs, cleaning up him, who also came from Goldman Sachs?

So he felt that the most important purpose of Fuld's launching this campaign should be the last one, that is, hoping that his Merrill Lynch could be used by the US government as a target to warn other companies on Wall Street.

Fuld, you old bastard, don't be too proud too early!