Chapter 648 Feast of Wall Street
When Andy took Ivana into the banquet hall, the atmosphere in the hall was very active, and there was no sign of the pessimism spreading under the subprime mortgage crisis. Business tycoons were chatting and laughing, and celebrities from all walks of life were constantly passing by. The orchestra played music that made people happy. The ladies were graceful and the men were romantic in their clothes. The cocktails were constantly transported to every corner, and the entire air was filled with laughter.
Ceo of outstanding companies in the Wall Street industry communicated face to face, discussing excellent investment projects, and whispered to joke about who failed in the subprime mortgage crisis. Of course, every invited guest unconsciously glanced at the small circle of Federal Reserve Ben Bernanke and Treasury Secretary Paulson.
When the handsome and tall Andy and the beautiful Ivana walked into the banquet hall with an elegant smile in their hands, the guests' eyes naturally focused on the young and enviable lovers. Wherever Andy's eyes passed, they all raised their glasses and nodded with the smile on their faces.
The guests invited tonight were very satisfied and happy. Because of their special social status and identity, they could not make friends casually like ordinary people, so they used such gatherings to expand their social circles and make more friends. Andy's dinner was undoubtedly a very rare high-end banquet, covering almost the entire Wall Street.
As the hostess of tonight's dinner, Ivana naturally cannot stay with Andy forever. She needs to entertain all the female guests. Andy listened to Citi, Morgan Stanley and Goldman Sachs' various demands on the Fed's Bernanke and Treasury Secretary Paulson, just to hope that the government will come up with a stronger rescue policy.
Although this is the first time that Bank of America's eO Ken Lewis meets Andy, as an important customer of Bank of America, he naturally hopes to establish more personal friendships with Andy. The old guy Warren Buffett holds a glass of red wine and listens quietly to everyone's communication.
Paulson brought a clear reply, "The government will never save the market!"
Everyone's eyes were on Ben Bernanke of the Federal Reserve, but no one knew where the Federal Reserve's loan limit was. Throughout August, the Federal Reserve had been using blood transfusions to alleviate the panic brought to the market by the subprime mortgage crisis. This method of blood transfusion still played a certain role. At least the current US stock market has not experienced a cliff-like plunge again.
Cox, chairman of the Securities and Exchange Commission (Sec), looked at the CEOs of several large companies, looked at Bernanke with a expressionless face, raised his hand, took a sip of the cocktail in his glass, and said lightly: "Transfusion of blood to the market may help alleviate panic in the short term. We Sec think the most important thing is to prevent some investment institutions from using short selling mechanisms to manipulate stock prices and restrict investors from shorting stocks of several major mortgage institutions and brokerage firms."
As soon as he finished speaking, everyone's eyes focused on Andy, who had a calm smile on his face. The Wall Street giant monsters present were slaughtered by Andy, a young and indifferent boy. The most miserable Morgan Stanley was even more mute and could not say that he had suffered. Citi, Goldman Sachs, and Lehman were shorted some time ago and their stock prices were suppressed. Andy Predator Fund was all in the figure.
Andy smiled sarcastically at the corner of her mouth, and didn't care about the stock protection ideas proposed by Sec Cox. After raising her wine glass and drinking it in the complex and flashing eyes of everyone, she smiled and showed her big white teeth, and looked around faintly for a week and said: "In 1938, the Securities and Exchange Commission issued the price increase trading rules to prohibit investors from continuing to sell stocks that fell.
Just this year, the Securities and Exchange Commission abolished this rule, which was fiercely criticized by opponents including CNBC's famous critic Cramer, as well as my News Weekly and Observer Weekly. More than once emphasized that the decision was completely bewitched by free market theorists, who had long been eager to abolish the most important trading buffer mechanism. They kept warning that after this rule was abolished, hedge funds could silence and recklessly suppress stock prices, thereby harming the interests of good companies!
Haha, Mr. Cox, are you telling us now to limit short selling?”
Andy's words made everyone present look at each other. They understood more than anyone else how this rule was abolished. Cox was even more embarrassed by Andy's explanation. The people present were all senior industry insiders and were very clear about the tricks.
After all, in that year when the whole nation was ecstatic, in order to gain greater benefits after making profits, the calls for relaxing regulations, relaxing restrictions, and even lifting all constraints will be heard throughout the sky!
As the chairman of sec, Cox was praised by Wall Street for this decision. After the subprime mortgage crisis came, he found that abolishing this rule was simply opening Pandora's magic box. After all, the abolished rule can prevent stock prices from falling continuously with the crazy selling of short sellers.
"This is just a powerful measure that we Sec believes can be used as a remedy and a rescue measure..."
"In a sense, government behavior, whether it is the US Treasury Department, the Federal Reserve or the Sec, can only delay the development of the trend. Whether it is a crazy rise or a desperate decline, they can only delay it, but not stop it!" Andy did not pursue it. After all, it was a guest he invited, with a faint smile on his face. No one present would regard him as a young young man, because in his successes, everyone regarded him as a peer with equal status.
"Sorry, I need to lose my companion..."
Andy bowed slightly with a bright smile and apologized to the people in this small circle. As the master, he could not favor one or the other to the guests. Although everyone wanted to hear the views of him, a Wall Street genius, he could only helplessly watch Andy turn around and leave, put the empty wine glass on a waiter's tray, pick up a cocktail and walk towards another circle.
"I heard that his hedge fund has reached $10 billion?"
Warren Buffett glanced at Paulson, who was as deep as a question, and smiled faintly: "His eyes are in the UK now."
"What a great young man!" Morgan Stanley's eo smiled bitterly and drank the cocktail in one sip.
Goldman Sachs' Rauld Belankfan also smiled bitterly, "He still refuses to take out the do gambling insurance now. He doesn't want to get a penny of 489 million!"
"He is also short of money, understandable." Bank of America eO Ken Lewis, who had a faint smile on his lips, said lightly.
The others rolled their eyes at the same time. Citigroup and Bank of America present made money with Andy, so they would naturally speak for him.
Greenberg, the chairman of aig insurance company, took a glass of red wine again, squinted his eyes and smiled: "He has achieved a very impressive record in the past month. This time he concentrated his firepower on the British, so everyone has no idea? After all, he has not failed yet."
"Don't look at me, we Berkshire won't hedge..." Warren Buffett looked at the brilliant flashing in everyone's eyes, and knew that everyone present had not ignored this rising star who was rising at the speed of light, and was watching him.
Andy naturally didn't know what everyone was talking about after he left, but even if he knew, he didn't care. If these people really followed the steps to harm Britain, that would be a great thing. In this way, the power of the bears would be even stronger and they could feel at ease to push the British to the ground and slaughter them at will.
"Mr. Alexander, you are undoubtedly a respectable and successful team boss. Since a $85 million acquisition of the Rockets in 1993, you won two championships." Andy looked at Leslie Alexander, who was wearing glasses, with thin hair, and wrinkles on his forehead slowly stretched out because of his words.
"Thank you, young man, I'm honored and happy to have the Rockets for the past 14 years," Alexander seemed to have made up his mind to sell the team, otherwise he wouldn't have agreed to Andy's request to station the team. "I had an incredible opportunity to witness the real achievements of players and coaches, either winning the championship for the city, being selected for the All-Star and NBA best team, or being selected for the Hall of Fame, or being contributed to the team and fans."
Chapter completed!