They are all reborn, and the grandson is still a spare tire

Across the ocean, Washington.

Treasury Building, Minister's Office.

Looking at the falling U.S. financial market on the computer screen, Paulson's brows were almost wrinkled into the Grand Canyon of Yellowstone, but he could not think of any good solution.

At this moment, the landline phone on the desk suddenly rang.

Paulson glanced at the phone, reached over and pressed the speakerphone button.

The next moment, the secretary's voice came from the phone.

"Mr. Secretary, Mr. Warren and his assistant are here."

"Got it. Let Warren come in. I have something to talk to him about. His assistant will stay in the reception area outside."

"Yes, Mr. Minister."

The secretary responded and then hung up the phone.

A moment later, the office door opened and the secretary led Warren Buffett into the minister's office.

Paulson quickly stood up and greeted him with a smile on his face.

"Good morning, Warren. Long time no see. How have you been?"

Warren Buffett shook hands with Paulson who came up to him, and said with a wry smile:

"Good morning, Henry. It's been a long time since we last met."

"As for how I've been doing lately, it's been terrible."

"Except for that miraculous boy in Hong Kong Island, I'm afraid everyone's life is miserable now!"

Paulson paused and nodded in agreement.

"That's right. That lucky little bastard robbed everyone and took all their money. Naturally, other people's lives will not be easy!"

"But I believe that he can't always be so lucky. Compared with you veterans who have been in the financial market for decades and can make things happen with a flick of your hand, he is still too green!"

After a few complaints, Paulson took Warren Buffett into the reception area, sat down on the sofa and started chatting.

Then, the secretary brought in two cups of coffee and placed them on the coffee table.

Then he left the office and closed the door.

The next moment, Buffett suddenly changed the subject and went straight to the point.

"Henry, tell me about the Treasury Department's capital injection plan. How much money is the Treasury Department prepared to inject into major financial institutions on Wall Street?"

"Another question is, which Wall Street financial institutions will the Ministry of Finance directly inject capital into? Is there a specific list? How much will it inject into each of them?"

"I believe you have seen the miserable situation in the international financial market in the past two days. Under such circumstances, traditional rescue measures such as interest rate cuts are no longer effective!"

"If we want to change the current trend of the crazy plunge in the international financial market, there is only one way, and that is for the Ministry of Finance to directly inject capital into Wall Street, and we have to act quickly!"

“Only when the top financial institutions receive large amounts of funds will they have the willingness and motivation to truly rescue the market and pull up the dying financial market!”

Buffett's words were very direct and his tone was harsh.

Like the vast majority of investors and investment institutions, his Berkshire Hathaway has also suffered heavy losses since the outbreak of the financial crisis!

The famous Berkshire Hathaway company has seen its profits shrink by more than 70% in the past few months, and its stock price has been cut in half, plummeting from more than per share to less than per share!

Even the famous stock god can’t withstand such a crazy plunge!

At this time, Buffett and Berkshire Hathaway both hope that the financial market will stop falling and stabilize, and even more so, they hope for a violent rebound to replenish their blood tanks!

That's why when Paulson called Buffett and invited him to discuss the Treasury's capital injection plan.

Buffett agreed without hesitation and rushed to Washington to meet with Paulson at the Treasury Building!

Paulson did not respond immediately to Buffett's question.

After thinking for a while, he said in a deep voice:

“Warren, the Treasury Department’s plan to inject capital into Wall Street’s top financial institutions has not yet been finalized. It will take a day or two to move forward!”

"Of course, I am also very clear that the current method of using bailout funds to purchase a large number of toxic assets is far less effective than directly injecting capital into Wall Street."

"Direct capital injection can use leverage. Assuming the bank's leverage ratio is 10 times, if the Ministry of Finance injects $3000 billion, it can leverage $ trillion in funds."

"And I know that the leverage ratio of many Wall Street banks is far more than 10 times, or even as high as dozens of times. In this way, the amount of funds leveraged will be even larger."

"But which financial institutions should the Ministry of Finance inject capital into, which financial institutions should it not inject capital into, and how much should it inject into each one? This is a big question, and we must work hard to balance the interests of all parties!"

"So far, we have developed a preliminary plan to invest $300 billion to $350 billion directly in top financial institutions on Wall Street."

"At the same time, we also prepared a list of investors, including 15 top financial institutions on Wall Street. In the end, we selected 10 of them to invest and eliminated five."

"These fifteen top financial institutions on Wall Street are Citibank, Wells Fargo, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, State Street Bank, and Mellon Bank..."

Buffett couldn't help but feel a headache when he heard the names of the top financial institutions Paulson reported.

He knew very well that this multiple-choice question was difficult.

Which five financial institutions will be eliminated?

No matter which financial institution is eliminated, it will offend the other party and make it miss a good opportunity to make a fortune!

Destroying someone's wealth is like killing one's parents!

Buffett, the stock god who has always been good at dealing with people, doesn't want to be such a bad guy!

So, when Paulson finished explaining the situation and asked for his opinion, the old fox immediately started playing Tai Chi!

"Henry, this is a matter for your Ministry of Finance. I won't say much. I believe you can make the wisest decision!"

"Here I would like to ask, what is the dividend rate that the Ministry of Finance is going to offer? This is a very critical question."

What a cunning old fox, he only wants to take advantage and doesn't want to take any responsibility!

Who doesn't know!

You, old fox, have invested in many top financial institutions including Wells Fargo and Goldman Sachs. If the Ministry of Finance directly injects capital into these financial institutions, you, old fox, will be one of the biggest beneficiaries!

Paulson sucked his teeth and complained a few words to himself.

Then he gave the answer.

"The dividend rate initially determined by the Ministry of Finance is 7% to 8%!"

Before he finished speaking, Buffett began to shake his head.

"This dividend rate is too high. I think a dividend rate between 5% and 6% would be more appropriate!"

"In this way, the cost pressure of financial institutions receiving capital injections can be effectively reduced, and more funds can be leveraged to invest in the financial market!"

"When the situation in the international financial market improves, we can increase the dividend rate appropriately!"

“Only in this way will the capital injection plan launched by the Ministry of Finance be attractive enough to major top financial institutions and give them an incentive to repay the government funds!”

Hearing his instigation, Paulson fell silent.

But deep down, he was complaining!

The huge amount of funds that the Treasury Department has injected into major financial institutions on Wall Street is simply like throwing meat buns at a dog, it's gone without return!

Even if the financial market conditions improve in the future, even if they rise to the sky, you bastards will have ten thousand reasons not to return a single cent to the Ministry of Finance!

The meeting lasted for nearly an hour and just ended.

After Buffett and his assistant left, Paulson immediately asked his secretary to notify Bernanke and others to come for a meeting!