Chapter 2920 New Trouble

As a successful Silicon Valley entrepreneur, Williams must also know about Madoff.

Anyone in the securities circle knows Madoff, because he is not only the former chairman of Nasdaq, it can be said that it was because of him that Nasdaq became a world-famous stock exchange.

Madoff is also one of the main formulators of many current securities-related laws and regulations in the United States.

In the securities and financial circles, he is a behind-the-scenes boss figure, and his own investment securities company has long made him a well-known billionaire.

Williams knew him but had never had the opportunity to get to know him.

Such a person has fame, status, and wealth, but he is a fraud?

What did he do wrong?

This news sounds as incredible as "that old guy Greenspan stole the gold from the Federal Reserve's underground vault."

Williams hurriedly opened his phone, "Are we talking about the same Madoff?"

"Yes Evan, that's the Madoff," the voice over there was not just disbelief, but also seemed to be pleasure and gloating.

"Have you seen it?" asked the other side. "This is what FBI Director Robert Mueller just held a press conference to reveal."

Williams opened his client, and another dead whale appeared that he was very unwilling to see (when Twitter goes down, several small birds will appear on the page dragging a large whale, which is also called Twitter by users. Downtime Whale, by the way, it was the work of a Chinese girl bought by Twitter), he turned on the TV in annoyance, without even choosing the channel, "I saw it,"

He saw the scene where Madoff was arrested by FBI agents. The man in the trench coat with his head lowered was the Madoff he knew.

"Have you seen the amount? Oh my God, the amount involved in the case exceeds 60 billion US dollars!" The technical director was still talking to him excitedly, "Now, it's enough for those guys on Wall Street to drink a pot, haha ​​Evan , you may not know yet, Madoff’s big customers are those banks,”

"According to the information disclosed now, well-known banks in Europe and the United States have suffered the largest amount of defrauded money. Other customers are mainly wealthy people on Palm Island. Unconfirmed news on the Internet is that Madoff is not interested in anyone without a net worth of hundreds of millions... …”

Williams interrupted, "So this is a downtime caused by too many active users being online at the same time and high concurrency?"

"Yes Evan, it was those users who didn't believe it like you who enthusiastically spread this news through Twitter, which caused the outage... Well, it has been repaired and is back online,"

"So that's a good thing, Evan, because it means our product is more popular than before,"

Williams still accepted this explanation, but he looked at Facebook and asked, "Why doesn't Facebook have such a problem?"

Now that Feng Yiping allows him to develop independently, Facebook is still their biggest competitor.

In other words, since he and Facebook actually belong to the same boss, he is even less willing to be compared with Facebook.

The other side complained, "You don't know, how can our foundation compare with theirs?"

That is, Twitter has never had abundant funds, whether it is bandwidth or servers. Of course, it cannot be compared with Facebook, which had a good father from the beginning. This is why their downtime whale is so famous-because it is always down. .

"If you give me another month, even if the big guys on Wall Street are arrested at the same time, our servers can withstand it. Think about how popular Madoff was arrested today, you can imagine if Goldman Sachs and JPMorgan If those guys are caught at the same time, how enthusiastic the people will be..."

Hearing that he couldn't help but gloat, Williams interrupted, "I can imagine that I'm looking forward to good news from you,"

On TV, the hosts and guests reported the news from all angles with excitement. Whether it was on Twitter, Facebook, or Yahoo, this was the hot news currently occupying the headlines.

Most of the comments below are also gloating about the misfortune, saying that Wall Street and the rich should take a leap now. The irony is that creating such a sensational fraud has prevented them from suffering much in the previous crisis. It was the big names on Wall Street who lost their money.

So this is real comeuppance!

It seems that everyone is really dissatisfied that the new administration has not traced the origin of the crisis and stated that it will not prosecute anyone on Wall Street.

At least Madoff's fraud case involved more than 60 billion US dollars, which can really be compared with the investment of at least 50 billion US dollars recently announced by the boss.

…………

Peanut Village.

Little O'Hei was also lying on the table browsing social networks.

Speaking of which, he is really not free.

Many Americans can easily use their iPhones to browse these social software, but he cannot. The security team currently does not allow him to use Apple phones. After using the iPhone, it is really difficult for people to like the BlackBerry.

He was very happy when he looked at the comments about this matter on social networks. He knew that because of such a popular move, his support rate would definitely increase to a certain extent in the next poll report he received. rise.

It has only been more than 20 days since he sat in the Oval Office, and he is already feeling tremendous pressure.

He thinks that he should be the most stressed president in recent decades, because before that, few presidents had to deal with two wars, both military and economic, at the same time after taking office.

But I am.

The war, launched by the Texas cowboy representing oil capital, in Afghanistan and Iraq, although said to have been victorious long ago, is actually dragging the United States into a quagmire bigger than the Vietnam War.

The problem is that the wars in Afghanistan and Iraq, both internationally and domestically, are so involved that it is difficult to withdraw.

During the campaign, he repeatedly promised to withdraw "all U.S. combat troops" from Iraq within 16 months after taking office. Now he has clearly understood that this is a big hole he has dug for himself.

On the economic front, it goes without saying that although large domestic financial institutions have stabilized, the negative impact of the subprime crisis on the economy has not diminished at all.

Not to mention the real estate and stock markets, the impact on the real economy has been greater than he imagined.

According to the information he received, as representatives of the American manufacturing industry, the two most well-known automobile manufacturers in the United States, General Motors and Ford, are still in a very critical situation after receiving a series of support from the previous government, including huge loan support.

If ongoing negotiations with unions break down, two prominent representatives of U.S. industry will likely have to seek bankruptcy protection.

As the newly elected president, that was a situation he was very unwilling to face.

As a politician who wanted to make a difference, he didn't care about the pressure. What he was unhappy about was that as a newly elected president with great support, at the beginning of his term, he didn't even get support for what he wanted to do.

During the campaign for more than a year, he has contacted a large number of people and is very clear about people's opinions on Wall Street. It can be said that the current populism is to defeat Wall Street.

But now, according to everyone's opinions, in order to stabilize financial sustainability and maintain this hard-won stability, he has to listen to their opinions and does not consider holding Wall Street responsible for this crisis.

Since it is not easy to achieve results in either war or the economy, after taking office, in order to make a breakthrough, the first thing he is going to promote is the universal health insurance that he promised to his supporters many times during the campaign.

However, the progress of this work is also very unsatisfactory.

Let’s not talk about the Republican Party. Anyway, the Democratic Party currently holds the majority in the House and Senate. But who would have thought that even his own party would not support the bill he wants to promote.

Therefore, when Feng Yiping asked him to do something, he readily agreed. Didn't he say that he couldn't touch Wall Street? I just moved.

However, after receiving another news, he immediately frowned while he was happy. After thinking about it, he told his secretary, "Notify Buchanan to come see me."

…………

Half an hour later, Buchanan, the new director of the U.S. Small Business Administration, hurried to the White House. As he was greeting the president's secretary, Katie, someone opened the door of the Oval Office. The president was sitting behind the desk and looking at him. wave.

"Buchanan," little O'Hei picked up the coat thrown on the sofa, "let's go for a walk."

As he walked along the porch toward the garden, O'Hei asked, "How do you feel after taking office?"

Buchanan held his hands and walked side by side with him, "I just got familiar with the situation, but overall, it's very stressful,"

When one person achieves enlightenment, chickens and dogs ascend to heaven. After being formally elected, how to properly arrange the people around him is a crucial matter, because if he doesn't do it well, he will become disloyal and may stop in one term.

Among them, O'Hei spent a lot of thought on arranging Buchanan.

Needless to say, as one of the heroes in the campaign team, arrangements must be made, and it is absolutely impossible not to make arrangements.

Ordinarily speaking, it is of course best to put Buchanan on the economic team, but whether it is the Department of Commerce, the Treasury, the Chairman of the Economic Advisory Council, the Director of the National Economic Council, or the Trade Representative, in such an unprecedented financial crisis, At that time, Buchanan's resume was a bit weak.

The Securities and Exchange Commission, the Futures Trading Commission, or the Federal Reserve Board are not impossible, but they are really not very promising.

Then he thought about the Small Business Administration.

He considered that although this position was at the back of the cabinet, it should still suit Buchanan's wishes. Sure enough, when he mentioned it, Buchanan readily accepted it.

"Difficulties are inevitable," O'Hei said, "but the work of your department is closely related to our economy. I believe that with your ability, you will be able to achieve results soon,"

"I will try my best, Mr. President," Buchanan said in his heart. Is this what you called me over in such a hurry and brought me to the garden to talk about?

Little O'Hei stood still on the lawn, "Because of the Madoff incident, Congress has decided to let Feng attend the hearing."