They are all reborn, and the grandson is still a spare tire
Chapter 1030 The Hungry Dog
After Paulson finished speaking, Yao Yuan first looked at the frustrated CEO of Lehman Brothers Bank, pretended to think for a while, and then smiled and said:
"Mr. Minister, I can answer each of your requests and ideas one by one."
"If you are not satisfied with my answer, we can discuss it further."
"First of all, I don't agree with your request that Jiuye Investment Group limit its short selling efforts, and I don't intend to accept it."
"Everyone present here is a professional. You should all be aware that both the subprime mortgage crisis and the financial crisis are a concentrated release of the huge risks and pressures that have accumulated over a long period of time."
“Only after all risks and pressures are completely released, the situation in the international financial market will truly improve and slowly return to normal!”
"If there is too much human intervention, the risks and pressures that have accumulated over a long period of time cannot be fully released, and the financial market will fluctuate and consolidate at the bottom for a long time."
"As a result, the stabilization and recovery of the international financial market and its return to normalcy will become a distant prospect, and the situation will become even worse!"
"From this perspective, the financial market needs short sellers, which can accelerate the rapid release of risks and pressures and help the financial market get out of the trough as soon as possible..."
Upon hearing this, Paulson and Geithner's faces turned dark, and their expressions were somewhat embarrassed and ugly!
They didn't expect Yao Yuan to be so disrespectful.
The first request was rejected directly without any hesitation!
"We certainly know that the international financial market needs short sellers, which can accelerate the release of pressure and risks."
"But we don't need a greedy super short seller like you who made a lot of money by short selling during the financial crisis. It's best if you come from a major financial institution on Wall Street!"
"As for your Jiuye Investment Group, the most perfect role should be the bull that keeps sending money!"
Paulson and the others were secretly complaining.
It’s a pity that in front of Yao Yuan, the beads on their abacus couldn’t make any sound at all!
Looking at their rapidly changing expressions, Yao Yuan felt secretly delighted.
He acted as if he saw nothing and continued talking.
"Out of consideration for our responsibility to all investors, we cannot give up short selling, whether now or after the financial crisis breaks out."
"Our group's short selling can accelerate the release of risks and pressures in the entire international financial market and help end the financial crisis sooner!"
“Once the climax of the financial crisis has passed and the international financial market has stabilized and rebounded, we will naturally turn from short to long, from the biggest short to one of the biggest longs!”
"In fact, over the past two months, we have done a lot to protect the fragile international financial markets."
"In major stock markets around the world, including the U.S. stock market, our group's short selling has dropped significantly to only about two-thirds of what it was before."
"We have focused more attention on the international foreign exchange market. Even if we reduce the scale of short selling, the global financial crisis is still approaching step by step!"
"This is enough to show that the international financial market is gradually sliding into a financial crisis, which is unstoppable. It has nothing to do with our group. This is inevitable!"
Hearing this, all the foreigners on the opposite side fell silent.
They really wanted to stand up and refute, but for a moment they didn't know how to start!
We are all professionals and are very familiar with the operation of the international financial market. We know that both bulls and bears are indispensable in this market!
These rules of the game come from Wall Street. You can’t slap yourself in the face!
If we arrogantly demand that Jiuye Investment Group cannot short the international financial market, there is no need to continue this negotiation!
It is obvious that the little bastard opposite would not accept such conditions!
Thinking of this, Paulson and the others felt a headache.
Just as they were about to speak, Yao Yuan got ahead of them and threw them a meat bone!
"The second thing is, when the time is right, we will inject more funds into the international financial market and increase liquidity in the market!"
"In fact, we are already doing this. Starting from this month, we are gradually increasing our investment in the international financial market, and this action will continue!"
"As for buying U.S. debt, we have already been doing it. Currently, our group holds as much as $100 billion in U.S. debt, which exceeds the U.S. debt holdings of most countries in the world!"
"We are just a financial group, not a country. Our purchase of U.S. debt cannot be compared with that of some big countries. This amount is already quite astonishing, but we will continue to increase our holdings!"
"Before the international financial market stabilizes and recovers, we should not sell the U.S. bonds we hold, unless something major happens, such as us being specifically targeted in the U.S. stock market!"
Upon hearing this, the eyelids of Paulson, Geithner and others twitched.
However, they couldn't hide the joy in their eyes.
To them, this piece of meat bone is so delicious that now that it is right in front of them, they must not give it up!
The next moment, Geithner continued:
"Mr. Yao Yuan, as we just said, as long as Jiuye Investment abides by the rules of the game in the international financial market, we will not specifically target you!"
"We welcome your continued purchase of U.S. debt and hope you can buy more!"
"U.S. debt is backed by the credit of the U.S. dollar and is the most stable investment in the world. You can rest assured that there will be no problems with U.S. debt!"
Yao Yuan looked at the other party, smiled and nodded.
"I hope so, Mr. Geithner, let's talk about the two Fannie and Freddie bonds again."
"Just last night, your president signed and passed the Housing and Economic Recovery Act. There are rumors in the market that this is a preparation for the U.S. Treasury Department to take over the two housing agencies."
"If this really happens, the U.S. Treasury Department will take full control of the two housing agencies and ensure that their bonds land safely."
"In this case, we will buy some of the two housing bonds to support them through the crisis."
"The scale of our purchase of Fannie and Freddie bonds should be no less than $50 billion, with no upper limit. Are you satisfied with this result?"
Paulson and Geithner were both stunned for a moment and did not respond immediately.
However, the CEOs of the two housing agencies who were also present at the scene instantly showed joy on their faces!
Although the scale of the two housing bonds is as high as trillions of dollars, they have now become garbage. No financial institution buys them, but large-scale selling is everywhere!
Under such circumstances, one can imagine how difficult life is for the two families!
Yao Yuan's promise of a purchase amount of at least US$50 billion is like a long-awaited blessing for the two housing agencies. How can the two CEOs not be excited?
"Great, Mr. Yao Yuan, you can rest assured that our Freddie Mac will never go bankrupt!"
"The bonds issued by our company are very safe and backed by the Ministry of Finance. You can buy them with confidence. This is a very smart investment decision!"
"Of course, it would be even better if you could buy more bonds!"
Freddie Mac’s CEO couldn’t wait to say it.
Following closely, the CEO of Fannie Mae echoed a few words, also looking like he was going crazy with hunger!
Their sudden words caught Paulson off guard.
He immediately turned around and looked at the two useless CEOs with a cold look in his eyes!
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