Chapter 2939 Professional Comedy

The person who asked the question had a hairline that was already at the same level as his earlobes. His hair was all white and sparse, making his face look particularly large. Behind his black-rimmed glasses, his small eyes were shining.

This is Joseph Crowley, a senior congressman from New York State. Speaking of it, he can be regarded as a big shot in the Democratic Party. It is said that he is a guy who is very likely to become the leader of the Democratic Party.

Of course, Feng Yiping knew that this guy would not achieve much in the future, because he knew that the old lady Pelosi, whom he hated very much, had been active on Capitol Hill for many years. In 2014, he could often hear that this... Sorry, I never heard it later.

Since this guy represents New York, he is very likely to be connected to Wall Street. So, who are you asking this question on behalf of?

"I think it's because he believes in me," Feng Yiping said.

Otherwise, what else could it be because of?

"Believe you?" Representative Joseph Crowley of New York State's 7th District pushed up his glasses, "I'm sorry, why would he believe you?"

"I mean, we all know that you are great at the Internet, but are you also great at investing?"

Feng Yiping looked at him. From his angle, Crowley's nose looked like a red date.

What the hell are you doing with me?

I just don’t believe it. Don’t tell me you’re from New York. Even if you’re not from New York, it’s impossible that you don’t know my investment skills at this time.

"In terms of investment, I'm pretty good," Feng Yiping said. "Because I have a pretty good vision, so my advantage in investment is that it's relatively safe. In most cases, I can guarantee that I won't suffer a big loss."

"Oh!" The American people watching in front of the TV exclaimed with emotion.

It won’t be a big loss. This sounds really unappealing in normal times, but recently, this is fucking amazing.

Although there is no final data yet, relevant experts already have a roughly consistent estimate of the wealth that has evaporated due to subprime mortgages in the United States, which is at least US$8 trillion!

This is at least, you know, the GDP of the United States last year was only 14.22 trillion US dollars.

Therefore, all over the United States, not to mention ordinary people like them who have no investment channels, even the old-fashioned super-rich people have seen their net worth shrink significantly.

Not to mention others, even Buffett, who is revered as the "Stock God", his Berkshire Hathaway company suffered a huge loss of US$11.5 billion last year, which set a record for the highest loss since he entered the industry. Therefore, many public opinion comments , he will not be able to survive in the evening.

Not to mention, all the companies on Wall Street that were once famous and popular almost died last year.

Not only that, last year, except for a few countries, such as China, most banks and financial companies in the world suffered huge losses.

Under such circumstances, being able to guarantee no loss is a great skill!

They also understand that Feng Yiping will not suffer such a big loss.

The average middle class in the United States will have the concept of investment, so they also know that rich people like Feng Yiping will hire specialized financial management companies to manage their assets. But if the financial management companies' vision is not as good as their own, then why not do it yourself?

What's more, in a commercially mature country like the United States, everyone knows that no institution can guarantee that your assets will not depreciate.

At the hearing, Feng Yiping looked at Crowley, "Are you going to tell me how much money the United Fund made?"

I want to see if you dare to say it.

Although this is a fact that some people in the industry know, would those guys on Wall Street be happy to let you publicize this news on such an occasion?

Barney Frank also looked at the congressman who rushed to ask questions, are you going to disclose the matter of the joint fund?

Will those guys put the blame on me for causing them such embarrassment?

He was ready to intervene at any time.

"Can you guarantee that you won't suffer huge losses?" Crowley laughed. "I think such a promise will attract Madoff to invest in you?"

"So I really want to know how much effort you put in to get Madoff to invest in you. And as you said, a person like you, who is so tight on time, puts in such efforts just to preserve something that you don't Assets of investors you know?”

As he spoke, he laughed, his smile full of disbelief. Who would believe that such a person existed?

"It seemed like it didn't take much effort," Feng Yiping said. "I just said that I had an investment opportunity and asked him if he would like to join. Soon after, he agreed to join."

Crowley's laughter stopped abruptly, "You asked him to join and he quickly agreed to join?"

"Yes," Feng Yiping looked at him with great sincerity, "That's it."

"That's $5 billion!" Crowley said.

Looking at Feng Yiping's eyes, he immediately knew that to such a person, US$5 billion was nothing, and to Madoff, who had defrauded at least US$60 billion, it did not seem to be a very big number.

"Can I ask you the terms of your promise to him?"

Barney Frank nodded in his mind, and this question finally got to the point.

"The conditions are very simple," Feng Yiping said. "I will not return a fixed return every month, but I can guarantee that at the end of the year, I can guarantee a return of no less than 12%."

"And if you decide to join, you are not allowed to interfere with my investment strategy,"

There was a lot of discussion at the scene and in front of the TV, because except for not returning a fixed return every month, the conditions given by Feng Yiping were exactly the same as what Madoff promised to investors.

The most distinctive one, of course, was the sentence, "You are not allowed to ask about my investment strategy."

After flipping through the information in his hand, Crowley said with a gloomy face, "In other words, you used almost the same conditions as Madoff promised to his clients, and you easily persuaded him to invest in you, and it was $5 billion?"

"Yes, Senator, that's it," Feng Yiping said calmly.

His attitude was still very good, but everyone could see the impatience in his expression. Is it interesting to always be entangled in such things?

"I don't quite understand, because it doesn't seem to be difficult to understand," he said, "because you see, with the same conditions, Madoff can get so many investors to invest more than $60 billion in him,"

The scene was filled with uncontrollable laughter, so with Feng Yiping's reputation, giving the same conditions and attracting $5 billion in investment, what's that?

At least, Feng Yiping's wealth and the market value of his company make his promise more secure.

Crowley wanted to say, my point is that you must have spent a lot of effort to reach an investment agreement with Madoff, and you said you did it all for others?

But before he could ask, a congressman in the second row asked, "Feng, with the same conditions, do you still accept investment now?"

It was a very obvious Hispanic person, and Feng Yiping also knew him, California Congressman Joe Baca, who was naturally a congressman with a good relationship with him-even Grandma Pelosi was severely manipulated by Feng Yiping, so how dare other California congressmen not have a good relationship with him?

At least, they would not be stupid enough to make things difficult for him in such an occasion.

"Sorry, we have never accepted foreign investment,"

"Oh, I know that Madoff's $5 billion is a special case," Joe Baca said, "I have to say, this is a regrettable thing,"

Many people inside and outside the venue felt the same way.

If Feng Yiping's fund could also be open to foreign investment, it would be a very good choice.

Amid everyone's regrets, Feng Yiping glanced at Crowley. Crowley looked normal, but his nose seemed to be getting bigger and bigger.

Barney Frank frowned. Joe Baca was obviously helping Feng Yiping. He even suspected that Crowley was the same. Otherwise, why did he seem to have grasped the key points, but didn't ask the point?

Do you want him to avoid such an important question?

You are a very deep lurker!

He immediately took over the topic again, "Feng, since you have guaranteed a return of no less than 12% for this $5 billion investment, then according to the agreement, this investment has now become at least $5.6 billion?"

At this moment, everyone saw the helplessness in Feng Yiping's eyes again, and those professionals who were watching the live broadcast had already laughed. Are you sure you are not joking?

"Mr. Congressman, we all know that there will be no minimum guarantee clause in such a contract for entrusted financial management," Feng Yiping popularized common sense to him, "not to mention such a high return minimum guarantee clause,"

Do you want me to pay $600 million?

"Could it be that there are such high minimum guarantee clauses in your financial management agreements?"

"Hahaha," there was laughter inside and outside the venue.