After hanging up the phone, Paulson pinched his nose bridge, frowned and picked up a document on the table in front of him, and checked it carefully again. This is a comprehensive plan to help financial institutions divest bad assets.

He will be with Bernanke in a moment to attend the Presidential Financial Markets Working Group meeting. This is the second time they have met the president in three days, asking the president to support radical, unprecedented interventions in the U.S. financial system.

The government intervenes and buys toxic assets directly from bondholders, thus bringing their balance sheet back to normal and maintaining credit rollouts!

The cost of $500 billion is only an estimate. Looking at the numbers given by his subordinates, Paulson smiled bitterly at this moment, and he was extremely helpless in his heart. It can be imagined that when he submitted this plan to Congress for discussion and approval, the big men in Congress would definitely drown him with spit...

Wall Street, after being attacked by huge financial waves, now adheres to the golden principle of "no news is good news". Treasury Secretary Paulson intends to establish institutions similar to trust companies, and pays for bad debts for financial institutions almost ended. Afterwards, the three major U.S. stock indexes took advantage of the trend to rebound sharply.

When Andy, who was sitting in the sky and still flying in the sky, received details of the White House Financial Market Working Group meeting, he guessed that this would happen. For him, a big bear, the stock market surge, he undoubtedly didn't want to see it. The money he earned became less, and being happy would be a ghost.

But this is the case with bear markets, and they are particularly sensitive to news. If this sensitivity is measured by "one to ten", then the sensitivity of this report is thirteen. But once it is confirmed tomorrow, it is just a rumor, and the stock market will definitely turn around and fall.

Under the current economic situation, those who have been deeply affected by the subprime mortgage crisis are happy to see that the government is finally willing to pay the bill. Investors even hope that the government's strength can help financial institutions divest mortgage loan debts so that they can recover some losses.

In Andy's view, in a sense, government behavior, whether it is the US Treasury Department, the Federal Reserve or the Securities and Exchange Commission, can only delay the development of the trend. Whether it is a crazy rise or a desperate decline, they can only delay, but cannot stop it!

They themselves know this more than anyone else. Among the few forces that first discovered the subprime mortgage crisis, the Federal Reserve is definitely the one who knows the true story. However, they have no way to stop it, and they dare not directly lift the lid. Instead, they continue to use interest rate cuts and the depreciation of the US dollar to release pressure.

Whether it is 500 billion or 700 billion, it is all sandbags. Is it useful to block rivers and break the dam?

Haha, that's nonsense!

No bank in the world has the ability to repay all deposits in full. They are nothing more than 10,000 yuan to do 200,000 yuan. This is still a reliable traditional bank.

As for the people on Wall Street, they are doing 10 billion with 1 trillion, the purpose?

It's so clear, it's making money!

Make quick money, make big money, make money from all the prey you can earn now!

The price? Only ghosts will care, that is what I will talk about when the storm comes!

Therefore, when facing the violent storm, confidence! Only the recovery of confidence can really curb the whirlpool-like capital market recession, otherwise it will be a night away from sitting in a Rolls-Royce to the Fed for a meeting and queuing up to receive relief food on the street!

As for the abuse of financial leverage by many people, if you give up, you can avoid another financial crisis. The question is, can you give up?

That's even more joking, because in the modern world, it is impossible to give up. Today, when the capital utilization carriage is already very fast, any brake form may cause overturning and overturning!

Before the incident between Fannie Mae and Freddie Mae, the US Treasury Department and the Federal Reserve had discussed the issue of the bubble in the US real estate market, but they were both thinking about soft landing at the time!

Well, now it seems that it did land, but it was face down!

Thinking of the global stock market that is wailing everywhere, Andy also felt a lot of emotion. As ordinary investors, to be honest, they are definitely in a weak position in the capital market. What kind of wealth myths of private stock gods and stock kings are all nonsense!

The so-called wealth acquisition is mostly a dream or "get it temporarily and fly away in a moment"! As long as you don't withdraw all of it, you will never be a winner!

Money is like a trickle, from every person who earns wage income, it gathers down step by step through the complex framework of financial theory structure, and finally the money flows into their "pockets" in their pockets.

Well, for Andy now, this kind of compassionate thought is undoubtedly a bit like a crocodile tears. However, this is the case, although it is a bit cruel.

He couldn't help but smiled with a ridiculous smile, and his eyes turned to the latest episode of Forbes on the table, the "Top 400 American Rich List". Microsoft founder Bill Gates defeated the "Stock God" Warren Buffett for $57 billion and regained the throne of the richest man.

When calculating the value of rich people in this ranking, the stock price on August 9 is used. After all, the stock market has been turbulent recently, and some rich people's assets have shrunk very seriously.

Berkshire Hathaway Chairman Buffett ranks second with assets of US$50 billion. Lawrence Ellison, founder of Oracle, has assets of US$27 billion, ranking fourth.

In March this year, Buffett replaced Gates as the world's new richest man with his personal wealth of $62 billion.

But over the past month, the price of his Berkshire Hathaway stock has dropped by 15%, and his assets have shrunk by $12 billion, which is a tremor in his liver.

As for Andy, tsk, he ranked third with $32 billion, but his assets soared by $11 billion. This is not the most eye-catching thing. What everyone is amazed by is the last comment from Forbes.

"The rich haven't become richer, which means the economy is stagnant. Of course, Andy Smith is naturally not listed. None of his companies are listed. Once listed, Andy Smith's personal wealth will expand to an amazing level."

Although this is just a temporary US wealth list, the influence of Forbes is still unquestionable. Looking at Bill Gates, who ranked first and Buffett, who ranked second, cannot avoid damage to assets, let alone the 126 frustrated people on the rich list whose assets have been severely reduced.

Among them, gambling tycoon Sheldon Adelson's assets fell sharply by US$13 billion in 7 months due to the price of his shares, which is equivalent to "losing US$1.5 million per hour."

In this economic environment, after deducting debts, Andy Smith's assets can still grow at a rate of 10 billion, which simply blinded everyone's eyes.

Not to mention his cash growth, just talking about the Tottenham club in the Premier League, with Manchester City being acquired and a series of money-spending behaviors of desert tycoons, the most direct effect is to make the valuation of each Premier League team again greatly improve.

Although the Tesla Supercar, which has been offline and started delivery, has attracted great dissatisfaction among the reservation customers due to the initial price increase, Andy gritted his teeth and would rather give a refund to dissatisfied customers than to make money and make money and ensure the company's profit margin. It was indeed a bit troublesome at the beginning, but with all kinds of crazy publicity and concepts of bragging out the concept, more importantly, the sold cars can make money. The combined series has increased the valuation of Tesla's company to US$700 million.

Not to mention the Marvel Group, which has successfully turned over, has made all film companies envious and regretful. Even the remake of "Invincible Hulk" has suffered a temporary loss, but the global box office is also a summer blockbuster with a global box office of over $300 million. Naturally, Marvel's valuation has been increased again.
Chapter completed!