Chapter 1635 The Arrogant Wall Street
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"...the economic stimulus package is just the beginning of the administration's efforts to save the American economy. I am pleased to see Congress approve this package. At first, the process will be long and difficult.
A real solution to the current crisis will also require addressing the financial sector and restoring the flow of credit to businesses and households. At the same time, problems in the housing sector, one of the root causes of the recession, also need to be addressed. . . "
On TV, Ou Guanhai was delivering a weekly televised speech. The new president thanked Congress for passing the plan in a short period of time and said he would sign the plan soon.
Located in the prestigious area of Pennsylvania Avenue in Georgetown, surrounded by rich history and culture, the Four Seasons Hotel Washington, only 12 blocks from the White House, is in the Seasons restaurant with the "Power Lunch" of Washington DC politicians.
The financial giants of Wall Street gathered together, and the young and calm Andy Smith sat in it, breaking in from all sides. This group of bigwigs at the top of the American financial pyramid tasted the famous bourbon steak in Washington in a relaxed and harmonious atmosphere.
Lewis, chairman of Bank of America, put down his knife and fork, wiped the corners of his mouth with a white napkin, picked up a crystal-clear goblet containing ruby-like red wine, and said to Andy in a slightly mocking way: "In less than a month. Within a few days, this plan passed Congress, which is a major victory for him!"
The bigwigs of the financial institutions at the same table also shook their heads and laughed. In Washington, some things are not secrets at all, especially for the level of the people present. Aoguanhai’s economic stimulus plan can be passed in Congress, and Andy Smith Those who should have known about the fact that it played an important role already knew about it.
This time, Aoguanhai and Wall Street turned against each other, targeting Wall Street everywhere, which has aroused the dissatisfaction of this group of people, and this lunch is also the first gathering of this group of giants who participated in the criticism meeting.
"This is a good start for the recovery of the American economy." Andy chewed the beef with a knife and fork in his hand. In fact, he and Ao Guanhai were originally a deal.
Andy lowered his head, using a knife and fork, cut off a piece of beef, put it into his mouth, and said while chewing: "It's just, I never thought that you would agree to a three-week pause while he was preparing his foreclosure prevention plan." Foreclosure on certain families' homes. Tsk tsk, that's not consistent with great financial wisdom."
"Ahem..."
"Ahem..."
"hehe.
. . "
. . . . . .
Andy's venomous snake counterattack immediately made several financial giants including Lewis cough and laugh lightly, as if they had been choked on red wine.
"Ahem, there is no way. There is a lot of public anger towards the financial industry at present." Lewis shook his head and explained with a wry smile.
Andy smiled noncommittally, how could he believe these nonsense, but he didn't say anything, just sipped his eyes and stopped talking while tasting the delicious steak.
"Ding--"
"Okay, everyone, we don't have to continue playing charades anymore, let's communicate openly and honestly, our Mr. President has forgotten that we help, and our friendship has been abandoned."
MG Chase CEO Dimon looked at the crowd, who looked like a foodie and kept silent. He tapped the wine glass in front of him with his fork. As one of the initiators of this lunch, he had no choice but to speak first.
"Abandoned? Hehe, why don't you say it's a betrayal? 22 items that must be investigated, financial regulation, subprime mortgages, derivative financial products, credit rating mechanism..."too big to fail" financial institutions, who are you talking about? ? You, you, or me, or all of us!"
The bald Goldman Sachs CEO Blank Fein sneered mockingly, and began to criticize without any scruples. His "humility" in Washington these days has brought him endless reprimands, ridicule and criticism. Now Ao Guanhai He was outraged that he was going to toss Wall Street to death again.
"His victory at the beginning was a victory of lip service politics." Bank of America Lewis mocked with a somewhat ugly expression.
Hearing the exasperated ridicule of Ao Guanhai from the heads of Goldman Sachs and Bank of America, Andy just smiled in his heart. The anger of the two of them is understandable. Although Congress passed a total of 787 billion US dollars in economic stimulus plans, but Questions remain over the actual effectiveness of the plan.
What's more, investors are looking forward to the US government's response to home foreclosures and more details on the banking rescue plan. It's a pity that the White House really doesn't have any details to announce. Under the cloud of anxiety, the financial sector suffered a heavy setback today. In one morning, Goldman Sachs plummeted 11%, and Bank of America plummeted 12%.
When Ao Guanhai ran for the election, Wall Street's tens of millions of dollars in political donations played a decisive role. Wall Street’s money is not given for nothing, tens of millions are spent, the purpose is to make him spend hundreds of billions to “rescue the market” after he takes office, not to put a curse on them. Under such circumstances, it is only natural to hate Ao Guanhai that's it.
"Did you see that huge stimulus package? It's a welfare marathon with multiple welfare payments. Damn it, he has wiped out the past 20 years of bipartisan reforms to reduce people's dependence on welfare.
Don't those idiots in the White House understand that welfare programs can increase the wealth of the poor, but they can't help the poor out of poverty! This will only make more poor and lazy people dependent on the government, they cannot be creators of wealth at all! Kelly, the CEO of the Bank of New York Mellon, who wore a pair of gold-rimmed square glasses, also complained with an ugly face.
In the United States, the word "welfare" has become a negative word in the 70s, and the general consensus is that it is a waste of taxpayer money. The Nashui people are very tired of subsidizing lazy people.
"I feel that this is the first step in establishing a "pseudo-social government welfare state". The public must know that the "big government" will eventually become less and less efficient, with high costs and easy abuse of power!" Goldman Sachs CEO Blank Fein looked at Andy, who had been listening but not talking, and said with a faint smile, and several other big shots also turned their attention to Andy.
"By the way, didn't you invite Pandit?" Andy seemed a little confused by everyone's gaze, so, as if he didn't hear what they said, he asked the CEO of Citibank with a little embarrassment.
Dimon, the CEO of MG Chase, shook his head and laughed helplessly at Andy's pretending to be stupid, but he still explained: "Citigroup and the government may reach an agreement on equity conversion in the next few days, and the senior management of Citigroup may usher in a big If you change blood, there is no need to invite him to our party."
Andy nodded, looking stunned, and then began to eat and drink sullenly. The other financial giants looked at each other helplessly when they saw the little fox Andy Smith pretending to be stupid. They didn't think Andy would I don't know the situation of Citibank, but it is not a secret to them that Andy absorbs Citibank stock in private.
Once the agreement is reached, the US government will become the most important shareholder of Citigroup and control the management, which is actually tantamount to nationalizing Citigroup.
Originally thought that when they got together, they could instigate a bright future at the hearing, and Andy, who vomited blood among the members of the hearing committee, could continue to carry forward the attributes of a poisonous snake and continue to challenge the big government and nationalization issues. The White House opened the PAO. After all, the major media newspapers across the United States have been interpreting his words in the corridor of the Capitol in recent days.
Even many newspapers have called him the new revived force of American classical liberals, the so-called classical liberals. They believe that people should have three kinds of freedom, economic freedom, political freedom, freedom of speech and liberty. At the same time, it is also what the founding fathers of the United States firmly believed and pursued. Freedom means restricting government power and ensuring more individual rights and behaviors. In order to ensure such individual rights, the American Xianfa Amendment was passed.
Suddenly, Andy raised his head, raised the corners of his mouth, took a sip of red wine, and exchanged a playful look with several Wall Street bigwigs who were focusing on him, as if to say, you fucking meow really Think I'm an idiot?
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