They are all reborn, and the grandson is still a spare tire
Chapter 1096 Financial Idiot President
After a round of greetings, Yao Yuan returned to Secretary Qiu and stood with Vice President Wang and others, preparing to start a conversation with these Western leaders.
The next moment, the cowboy president standing opposite said with a smile:
"Mr. Yao, your Jiuye Investment Group has a huge capital volume and amazing profitability. It has become an important force that cannot be ignored in the international financial market."
"As far as I know, your group has a lot of cooperation with China's official state-owned financial institutions. There is even a special state-owned investment team within your group."
"Is Jiuye Investment a private financial group or a state-owned financial group? Are the various investment decisions you make your personal will or the embodiment of the national will of the Chinese government?"
As this question was asked, everyone at the scene looked at Yao Yuan.
Vice President Wang and Secretary Qiu, who were at the scene, all twitched their eyelids.
If these questions were raised by other people, there wouldn't be much of a problem.
However, it is the President of the United States who is raising these issues, which is another matter.
He has evil intentions!
Secretary Qiu and the others were immediately nervous, worrying that Yao Yuan wouldn't be able to answer these questions well, which might cause some trouble.
Fuck! These damn foreigners really can't hold their farts in!
Yao Yuan cursed inwardly, then responded with a smile.
"Mr. President, I can tell you very clearly that Jiuye Investment Group belongs to me and is completely controlled by me. It is not a state-owned financial institution."
"All investment decisions made by Jiuye Investment Group come from the decision-making level of our group, from the management of each branch and subsidiary, including me."
"Our group makes decisions based on our analysis and judgment of the international financial market and on the interests of investors."
"It is undeniable that within our group, there is indeed a state-owned investment team that is responsible for the investment business of some state-owned funds. The purpose of this team is to protect the safety of state-owned funds."
"When Jiuye Investment Group first entered the international financial market, several state-owned financial institutions entrusted part of their funds to our group for investment in the form of entrusted financial management."
"Since this part of the funds mainly comes from the Huaxia Social Security Fund, there is no room for error. In order to ensure the safety of this part of state-owned funds, we have specially set up such a state-owned investment team."
"In our group, this state-owned assets team is only responsible for the investment operations of the state-owned funds it controls. It never participates in the management of Jiuye Investment Group, let alone any decision-making."
"The same situation is very common on Wall Street. As far as I know, Goldman Sachs manages at least hundreds of billions of dollars of federal funds and conducts various investment operations to obtain high returns."
"The U.S. Treasury Department has a special office and supervisory personnel within Goldman Sachs to monitor the investment operations of these federal funds at all times. The relevant personnel are directly responsible to the U.S. Treasury Department, not Goldman Sachs."
"In this case, can we say that Goldman Sachs is a financial group controlled by the US government? Of course not. Entrusted financial management is too common. Which financial institution on Wall Street does not have investments from sovereign funds of various countries?"
"Mr. Paulson was the CEO of Goldman Sachs and is now the U.S. Treasury Secretary. He knows all about these situations very well. If the President has any questions, Mr. Paulson will definitely give you the most perfect explanation!"
While he was speaking, Jiang Meihui was also doing simultaneous interpretation.
After the words were spoken, the cowboy president was stunned and stood there in a daze.
He is just a financial idiot and has no idea about the twists and turns in the financial field.
He has relatively good knowledge of the oil business.
As for the financial field, forget it!
Although he graduated from the famous Harvard Business School and received an MBA degree from Harvard Business School.
But anyone with a sound mind knows how fake his MBA degree is!
Several other Western heads of state were also confused and did not react for a while.
Only Paulson, who had worked in Wall Street for most of his life, understood it completely, but he still felt a headache.
This damn little bastard is becoming more and more difficult to deal with!
Uncle Qiu and Vice President Wang, who were standing next to Yao Yuan, almost couldn't help laughing out loud!
This answer, which combines attacking and counterattacking, is really brilliant!
Looking at the cowboy president again, he quickly came to his senses.
He turned to look at Paulson next to him, and Paulson could only nod helplessly.
Seeing Paulson's reaction, the Cowboy President suddenly felt a headache.
It seems like I'm using my own spear to attack my own shield!
OK! This question cannot be continued.
If I ask any more, I'll become a laughing stock!
After realizing this, the cowboy president immediately changed the subject.
"Mr. Yao, as far as I know, your Jiuye Investment Group is one of the biggest short sellers in the international financial market. You have made huge profits by shorting the international financial market."
"The current international financial market has become increasingly turbulent. Whether in Asia, Europe or the United States, all financial markets have been falling, causing huge losses to countries around the world."
"We hope that Jiuye Investment can consider the overall situation, abandon its short-selling stance, and maintain the stability of the international financial market, rather than going the other way and exacerbating the turmoil in the international financial market."
"According to the agreement your group reached with the U.S. Treasury Department in early July, Jiuye Investment promised to increase its investment in the U.S. financial market. Isn't it time for you to fulfill the agreement?"
"We will provide various conveniences for your group's investment in the United States in accordance with the agreement, and we also hope that you can take concrete actions to help us maintain the stability of the global financial market."
After listening to Jiang Meihui's translation, Yao Yuan did not respond immediately, but looked at Paulson with a smile.
Just this one glance made Paulson shudder uncontrollably.
After pretending to think for a while, Yao Yuan smiled and said:
"Mr. President, I cannot agree with your request that Jiuye Investment Group abandon its short-selling position and switch to long-selling."
"In the international financial market, where there are longs there must be shorts. The two are interdependent and neither can be missing!"
"Whether we at Jiuye Investment go long or short is entirely based on our judgment of the trend of the international financial market."
“At present, our group is indeed one of the big shorts in the international financial market, but one day in the future, when the situation in the international financial market improves, we will turn from short to long and become the most determined bulls.”
"As for the claim that we are the biggest short seller in the international financial market, I don't agree with that. As far as I know, the scale of short selling by Goldman Sachs and Vanguard is no smaller than ours."
"Regarding whether Goldman Sachs and Vanguard are super short sellers, you can consult Secretary Paulson, and he will give you a clear answer..."
Hearing this, Paulson almost laughed out of anger!
You damn little bastard, you were waiting for me here.
I used to be the CEO of Goldman Sachs. You little bastard keep talking about Goldman Sachs every other sentence. You always use Goldman Sachs to take the blame and even ask me to prove it for you. It's so despicable!
Not only Paulson, but also the cowboy president and several other Western leaders felt itchy in their teeth!
Looking at Secretary Qiu and Vice President Wang, they all had smiles in their eyes.
They completely put their minds at ease and watched the fun with their hands held together.
Yao Yuan seemed not to notice Paulson and the others' reactions and continued with his performance.
"Mr. President, the agreement reached between our group and the U.S. Treasury Department in early July has already been implemented. Both parties are well aware of this."
"Looking at the entire international financial market, I dare say that Jiuye Investment is one of the largest financial groups investing in the US financial market. There are few that can compare."
"As of today, our group's investment in the financial market has reached about 400 billion US dollars, which is probably one of the largest among all international financial groups."
"Whether it is Barclays Bank of the UK, BNP Paribas of France, UBS of Switzerland, Temasek of Singapore, Deutsche Bank Consortium, major conglomerates in Japan and South Korea, etc."
"The investment scale of all these consortiums in the US financial market in recent months is not as large as our group. The Federal Reserve and the SEC should be the most clear about these data."
"The scale of our transactions with top Wall Street financial institutions such as Bear Stearns and Lehman Brothers was staggering. We were the best buyer in the world."
"Because of our transactions with these top financial institutions on Wall Street, we have been suffering huge losses caused by the continued decline of the financial market. We can only reduce the losses by hedging by short selling."
"Another point is that we have been continuously purchasing U.S. debts. Starting from next Monday, we will also purchase large amounts of Fannie Mae and Freddie Mac bonds to help the U.S. Treasury resolve the Fannie Mae and Freddie Mac crisis."
"All of the above is sufficient to illustrate the fact that Jiuye Investment Group is a constructive force in the U.S. financial market and plays a constructive role, rather than a destructive force..."
Looking at Yao Yuan who was talking incessantly, President Cowboy and several other Western leaders were dumbfounded again.
They also realized that the boy in front of them was just a hedgehog covered with sharp thorns, and there was no place to bite him!
With my pitiful financial knowledge, it's just a dream to think of finding fault with this little bastard in front of me!
If you say one word, this little bastard can reply with ten thousand words!
And every word he says makes sense, leaving you speechless. You can’t even describe how depressed you are!
At the same time, they were also shocked by the strong strength of Jiuye Investment Group.
In addition to being shocked, greed flashed in the eyes of each of them.
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