They are all reborn, and the grandson is still a spare tire
Chapter 456: Slap in the face in public
Donald was speechless and froze in place, his old face turning red instantly.
Seeing this scene, several other big guys from top Wall Street investment banks felt very embarrassed.
The mocking gazes projected from all directions made their faces feel burning and they felt like they were sitting on pins and needles!
However, they cannot ignore death.
On Wall Street, they are all rivals and can use all means to plot against each other.
But at this moment, in this lecture hall, they are temporary allies, even if this alliance is not reliable at all!
The next moment, the vice president of Bear Stearns suddenly stood up and tried to save Donald.
"It's unfair for you to say that, Mr. Yao Yuan. We are not saying that the subprime mortgage crisis is completely over, but that the climax of the subprime mortgage crisis has passed."
"The situation in the international financial market is improving rapidly, but it will take time to reverse losses and even make profits. It is impossible to achieve the goal in one day!"
"Under such circumstances, isn't it inappropriate for you to advocate that the subprime mortgage crisis will further worsen and to short-sell the international financial market? Or do you have ulterior motives?"
Following his words, everyone at the scene looked at Yao Yuan again to see how he would answer this question.
At this time, everyone’s eyes were shining with excitement, hoping to see more exciting scenes.
Don’t I have ulterior motives? I just want to cut the leeks of your grandsons, and then kick you grandsons into hell!
Yao Yuan complained secretly, but the smile on his face never disappeared.
After the simultaneous interpreter finished translating, he launched his rebuttal.
"Hello, Mr. Beckman, welcome to Hong Kong Island, and you are very welcome to attend my personal lecture."
"If things go as you say, the climax of the subprime mortgage crisis has passed and the situation in the international financial market is improving rapidly!"
"In that case, there seems to be no need for the Federal Reserve to cut interest rates by another 18 basis points on the 50th to stimulate the financial market!"
"Before this rate cut, the market's general expectation was to cut interest rates by 25 basis points. As a result, the Fed's actions far exceeded market expectations, doubling the rate!"
“Such a powerful stimulus measure only resulted in a one-day surge in U.S. stocks, and then they returned to flat, or even lost their gains!”
"I would like to ask, what is the Federal Reserve's consideration in cutting interest rates by 50 basis points? What does the Federal Reserve think of the financial market's reaction?"
"According to my personal understanding, if the climax of the subprime mortgage crisis has passed and the situation is improving rapidly, the reaction of the financial market does not seem to be like this!"
The people at the Federal Reserve and the New York Stock Exchange were completely dumbfounded and speechless.
Their expressions were extremely embarrassing, and their faces turned blue and white!
At the same time, they were also shocked and looked at Yao Yuan with wide eyes, as if they were looking at aliens!
"Fake! Who is this little bastard? He's so damn difficult!"
"Damn it, it seems we are in big trouble, we all underestimated this guy!"
Several ghost guys gritted their molars and whispered.
But they forgot to fight back and answered Yao Yuan's rhetorical questions.
In fact, they couldn't think of how to refute it at the moment.
If the truth about the subprime mortgage crisis is told, it will definitely cause an uproar across the world and even cause violent turmoil in the international financial market.
If you tell lies with your eyes open, you may cause greater trouble. You may be sent to the dock or be subject to a class action lawsuit in the future!
You know, they respectively represent the Federal Reserve, the New York Stock Exchange, and the five top investment banks on Wall Street!
In such a public place, they dare not say a word about the subprime mortgage crisis.
Every lie they tell here may become a testimony in court in the future, and even crucify themselves!
Yao Yuan, who was standing in the center of the stage, didn't expect any positive response from these guys.
He looked at these ghost guys with disdain and continued to attack.
"Mr. Beckman, as far as I know, Bear Stearns' profit fell by as much as 68% in the third quarter, and its assets shrank by as much as US$420 billion!"
"If, as you said, the climax of the subprime mortgage crisis has passed, then I would like to ask, is Bear Stearns' financial situation improving rapidly?"
"When Bear Stearns releases its quarterly results next time, will we see a beautiful quarterly report? Instead of another thunderstorm!"
"what!"
Just like Donald's reaction, Beckman was completely dumbfounded and a little panicked!
He knows better than anyone what is going on at Bear Stearns!
Financial situation improves quickly? This kind of good thing only appears in dreams. It's almost as good as going bankrupt!
Seeing his panicked expression, everyone didn't know what to do.
Yao Yuan hit the key point of this ghost guy again, it can also be said that he hit the key point of Bear Stearns, so the vice president of Bear Stearns looked like he saw a ghost!
Understanding this, many people chuckled, their laughter full of disdain.
However, many economic and financial scientists and senior financial officials present at the scene could not laugh, and their expressions became extremely solemn!
Judging from the reactions of representatives from these top Wall Street investment banks, they see it very clearly.
The climax of the subprime mortgage crisis has passed. It is simply a lie. It is an illusion deliberately created by Wall Street and a lie unleashed!
The real situation should be very bad, even as Yao Yuan said, it is just a short period of tranquility before the volcano erupts!
When the energy of this huge volcano reaches a certain level, it will usher in the most violent eruption, which will affect countless people and cause unprecedented losses!
Realizing this, many experts, scholars, senior financial officials in Hong Kong, and the super-rich are all worried!
At the same time, they also began to think.
How to deal with the rapidly worsening subprime mortgage crisis and minimize losses!
In unison, everyone looked at Yao Yuan who was standing in the center of the stage, and their eyes shone brightly!
Not only the people at the scene, but also many knowledgeable people watching the live broadcast also realized the huge destructiveness of the subprime mortgage crisis, and also placed their hopes on Yao Yuan!
At this moment, the Fed representative suddenly whispered:
"Donald, Beckman, sit down immediately and don't ask any more questions. That will expose a lot of things and mess up our plan!"
"This guy on the stage knows us very well, and his understanding of the financial market and the subprime mortgage crisis is very profound, and even no one can match it. This is beyond my expectation."
"We can't argue with him here, otherwise we will die miserably! When we have a private meeting with him later, we will find a way to deal with this kid!"
After hearing this, both Donald and Beckman breathed a sigh of relief!
They wanted to sit down immediately, the feeling of being roasted on the fire was too damn uncomfortable!
The next moment, the two guys sat down together.
As soon as they sat down, they reached out to wipe the cold sweat on their foreheads.
Then he clenched his back molars and stared at Yao Yuan who was standing in the center of the stage. He was so hateful that his teeth were almost broken, and he was also secretly terrified!
Seeing them sitting down, Yao Yuan didn't bother to beat the drowned dog any more!
Instead of criticizing them here, it would be better to rob them completely in the financial market, that would be more enjoyable!
Yao Yuan nodded to Donald and the others with a smile, and then continued his speech.
"I just finished talking about the development of the subprime mortgage crisis. Now I will go back and talk about the formation of the subprime mortgage crisis."
"When it comes to the formation of the subprime mortgage crisis, we must first understand a very high-risk financial derivative, that is, the CDS contract..."
The moment they heard about the cds contract, Donald and the others were frightened again!
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