American Fortune Life
Chapter 648: Wall Street
When Andy and Ivana stepped into the banquet hall, the atmosphere in the hall was very active, and there was no glimpse of the pessimism diffused by the subprime crisis. The orchestra plays music that makes people feel good. In the fragrant clothes, the ladies are graceful and the men are romantic. Cocktails are constantly being delivered to every corner, and the whole air is filled with laughter and laughter.
The ceos of outstanding companies in the Wall Street industry exchanged face-to-face discussions on excellent investment projects and whispered who was failing in the subprime crisis. Of course, the eyes of each invited guest did not consciously glance at the small circle of Federal Reserve Ben Bernanke and Treasury Secretary Paulson.
When handsome Andy and glamorous Xing Yifana walked into the banquet hall with an elegant smile, the guests' eyes naturally focused on the young and enviable lovers. Andy's eyes Everywhere I went, I raised my toast with a smile on my face and nodded.
The guests invited tonight are very satisfied and happy. Because of their special social status and identity, they cannot make friends just like ordinary people, so they use such gatherings to expand their social circle and Meet more friends, and this dinner by Andy is undoubtedly a very rare high-end banquet, covering almost the entire Wall Street.
As the hostess of the dinner tonight, Ivana cannot naturally stay with Andy. She needs to entertain all the female guests, and Andy smiles at Citi, Morgan Stanley and Goldman Sachs. For the various demands of the Federal Reserve's Bernanke and Treasury Secretary Paulson, it is nothing more than the hope that the government will come up with a stronger rescue policy.
Although Bank of America's EO Ken Lewis met with Andy for the first time, as an important customer of Bank of America, he naturally hopes to establish more personal friendship with Andy, while the old fellow Warren Buffett is holding a glass of red wine, still Listen quietly to everyone's communication.
And Paulson gave a clear answer, "The government will never save the city!"
Everyone's eyes turned to the Federal Reserve's Ben Bernanke, but no one knows where the Fed's loan floor is. Throughout August, the Fed has been using blood transfusion to ease the panic brought to the market by the subprime crisis. This kind of blood transfusion method still played a certain role, at least now the US stock market has not seen a cliff-like plunge.
The Chairman of the State Securities and Exchange Commission (SEC) Cox looked at the CEOs of several large companies, looked at the expressionless Bernanke, raised his hand, took a sip of the cocktail in the glass, and said gently: "Xiang The blood transfusion in the market may be able to ease the panic in the short term. We believe that the most important thing is to prevent some investment institutions from using short selling mechanisms to manipulate stock prices and restrict investors' short selling of several major mortgage lenders and brokerage stocks. "
As soon as his voice fell, everyone's eyes were concentrated on Andy with a calm and calm smile on his face. Several Wall Street giant monsters present were given by Andy this young, nonsense kid. Severely slaughtered, the most bitter Morgan Stanley was dumb to eat Huang Lian, and Citi, Goldman Sachs, Lehman were shorted some time ago, and the stock price was suppressed. Andy Predator Fund.
There was a mocking smile in the corner of Andy's mouth, and he didn't care about the escorting idea proposed by sec Cox. He raised his glass and drank it in the complicated blinking eyes of everyone, and then smiled and showed a big white tooth. In 1987, the Securities and Exchange Commission promulgated the rules for price increase transactions, the purpose of which is to prohibit investors from continuing to sell short stocks that have fallen.
Just this year, the Securities and Exchange Commission abolished this provision, a move that was met with fierce criticism from opponents including CNBC's well-known critic Kramer and my weekly Newsweek and Observer Weekly, emphasizing on more than one occasion that the decision was entirely Bewildered by those free market theorists, those have long been eager to abolish this most important trading buffer mechanism. After constantly admonishing this rule to be abolished, hedge funds can arbitrarily suppress stock prices, thereby harming the company's interests!
Hehe, Mr. Cox, now you tell us to restrict shorting? "
Andy's words made all the people present could not help but look at each other. They understand how this rule was abolished than anyone else. Cox was even more embarrassed by Andy's explanation. The people present were senior industry professionals. The feline is very clear.
After all, in those ecstatic years, in order to gain more benefits after profit, the call for deregulation, relaxation of restrictions, or even the removal of all restrictions will ring through the sky!
As the chairman of sec, Cox was touted by Wall Street when he made this decision. After the subprime crisis came, he found that repealing this rule was simply opening up Pandora's magic box. After all, the abolished rule could prevent The stock price continued to fall as the short sellers frantically sold off.
"This is just a powerful measure that we believe can be used as a remedy to rescue the market ..."
"In a sense, what the government can do, whether it is the US Treasury, the Federal Reserve or sec, is to delay the pace of the trend. Whether it is a crazy rise or a desperate decline, all they can do is to delay, but not to stop it. Andy didn't chase after him fiercely. After all, he was a guest invited by himself, with a smile on his face. No one in the audience would regard him as a young bun, because in his successes, Everyone sees him as a peer of equal standing.
"Sorry guys, I need to be unaccompanied ..."
Andy sighed slightly with a bright smile and apologized to everyone in this small circle. As the host, he could not treat the guests with the same favor. Although everyone wanted to hear his Wall Street genius' point of view, he could only look helplessly. Turning Andy away, putting the empty glass on a waiter's tray, picking up a cocktail and heading for another circle.
"I heard that his hedge fund has reached $ 10 billion?"
Warren Buffett glanced at the questioning face of the watering Paulson and chuckled: "He is looking in Britain now."
"What a terrific young man!" Morgan Stanley's eo smirked with a bitter smile and drank the cocktail from the glass.
Goldman Sachs' Olde Berank Van also reported with a bitter smile, "He still refuses to take away the do insurance insurance now. He doesn't want to take less money for 489 million yuan!"
"He also lacks money, understandably." Ken Banker of the Bank of America, with a faint smile, said lightly.
Others rolled their eyes at the same time. Both Citigroup and Bank of America were making money with Andy, and they would naturally help him.
The old fellow of aig insurance company Greenberg took another glass of red wine, squinted his eyes, and smiled: "His recent month record is very impressive. This time he focused his firepower on the British. Everyone No idea? After all, he hasn't failed so far. "
"Don't look at me, we Berkshire don't hedge ..." Warren Buffett looked at the flashing lights in the eyes of everyone, knowing that everyone on the scene had not ignored the rising star of the speed of light and was watching him.
Andy naturally did not know the conversations of the people after he left, but even if he did, he didn't care. It would be a great thing for these people to really follow the footsteps and harm the United Kingdom. Powerful, you can safely lay down the British guy to the ground, wantonly slaughter.
"Mr. Alexander, you are undoubtedly a respectable and successful team owner. You acquired the Rockets from $ 85 million in 1993, and then won two championships." Andy looked at him with glasses, thin hair, and a forehead. The wrinkles on his face slowly stretched out of Leslie Alexander because of his words.
"Thank you, young man. I am honored and very happy to have the Rockets for the past 14 years." Alexander seems to have made up his mind to sell the team, otherwise he would not agree with the request of Andy's dispatch team so happily. "I had an incredible opportunity to witness the real achievements of those players and coaches who either won the championship for the city or were selected to the All-Star and NBA All-NBA teams or to the Hall of Fame Or contribute to the team and fans. "
Andy looked at Alexander in front of him with a general look and was slightly tired. It is estimated that he was annoyed by the fans and reporters with financial pressure. Although his mouth was filled with emotion, Andy could see the old man's lost and unwilling eyes.