Chapter 451: Conspiracy of vested interests

"Let me think about when there is still a chance to benefit!" Sheffield was still thinking about when and with what face to face. After Blair proposed the rate cut policy, there will definitely be many attacks and how to maintain it. Maintenance, this is a matter of particular importance.
Although I have thought about it 10,000 times in my mind, how to benefit from this financial crisis, but there is still a gap between the brain and reality, how to get the benefits is still a very difficult question, when will it end.
"John's call!" Edith Rockefeller said, holding the microphone and pointing at Sheffield. "It's yours."
After receiving the microphone, Edith Rockefeller sat down and listened to the conversation between the two of them. "The manager of Union Bank came out at this time. It is impossible without your advice. I did n’t expect you to feel it early . "
"It's early without you!" Sheffield smiled sharply, with a cynical tone. "In fact, I was a little surprised at that time. How did two speculators, Heinze and Morse, make a decision on the copper mine? Now it seems that they The two must have been acquiesced by some people, even agitated, dear John, so that they can have such great confidence, if not Morgan, guess who? "
There was a silence on the microphone, and Rockefeller Jr. said, "It's me, but it's not my encouragement. Today, they both have to blame themselves for this end, and I know your strength will not let them speculate. Success, but now it seems that you want more than just a lesson for the two. "
"Thank you for being so worthy of me, John!" Glancing at Edith Rockefeller's sad face, Sheffield's free hand was rubbed on Edith Rockefeller's leg, indicating no tension, and kept talking, " Blair ’s call to cut interest rates is my endorsement, and I will not listen to anyone ’s advice when it comes to safeguarding my own employees.

"I just want to teach these two speculators a lesson, but now it seems that things are getting bigger." Rockefeller Jr. didn't think of it, just playing two speculators, it seems that it has exceeded one company. The impact of failure.
"Economic prosperity or economic crisis has no major impact on companies like ours. As for individuals and groups with insufficient strength, they should be eliminated, natural selection, survival of the fittest, this is the same reason. I will not sympathize with them, so this time the storm, I can accept any result. "Sheffield did not mean to close from beginning to end, just use these words to slander Rockefeller.
"What is your purpose?" This was Rockefeller's question.
Sheffield ’s answer to this question is,
The current situation is unknown, and no one knows where to go next. Is n’t it too early to talk about the purpose? Business owners certainly have more information than citizens, but not much. The degree of the prophet! "It makes sense to say that I can go to work in the Ministry of Foreign Affairs.
No matter what Rockefeller Jr. asked, Sheffield was going back and forth in that set of cars, and finally let the master of Standard Oil understand that there is no way to say anything to the slave owner.
In the end, the helpless little Rockefeller decided to talk with his sister Edith Rockefeller. Of course it was possible. Sheffield and Edith Rockefeller changed positions. When Edith Rockefeller answered the phone, he lay down directly and headed Pillowing Edith Rockefeller's thigh, full of unique temperament to lie flat.
Edith Rockefeller put down the phone after a few words of chatting, lowering his head and whispering, "Did you blame John, he just taught two speculators a lesson, these two speculators belonged to New York upstarts, and to some Big companies are not respectful, at least John just wants to teach them a lesson. As for knowing that they are interested in copper mines, they adopted an acquiescence attitude, mainly because of the strength of the coalition company in mining, not because of speculation. affected."
Edith Rockefeller explained Rockefeller Jr. ’s words and watched the slave owner ’s reaction after it was over. With the relationship between the company and Standard Oil, it was indeed too much to conceal this matter. Edith Rockefeller even did it well. The intention of being punished by the slave owner's family is as long as he is not angry.
"I didn't believe half of what he said, but because you told me, I thought he said it was true." Sheffield still maintained a lying posture and comforted with a cold smile, "Edith In fact, there is nothing to explain, as John said, although it was also used a bit, but the two speculators have no chance to win me from beginning to end. Because of your relationship, the joint company and Standard Oil ’s The relationship is generally harmonious, but both of us are responsible for our company, so from the perspective of each other, I can understand this kind of concealment, so I am not angry. "
Edith Rockefeller listened to Sheffield ’s words, tears twirling in his eye sockets, bowed his head and kissed the slave master who had not spoken, and hair was blocking the faces of the two, and he could only hear the beating sound.
Not to mention the relationship between the United Company and Standard Oil, the relationship between the United States of America and Japan is enough for allies. As soon as the matter of the Diamond Princess came out, the United States forced Japan to let the Diamond Princess dock, but in fact it was a ship of the United States, leaving the risk and detection to Japan, and only returning non-infected citizens to the country.
The Japanese ’s response was also unequivocal. It ’s okay to be stronger than others, and it ’s not obvious to object. It was perfunctory in testing until the United States took the people away and went through a normal procedure to tell the United States that there were a few citizens who returned to the country. The test report came out, and there are still infected people in it.
Due to the difference in national strength between the two countries, they can still trip each other, not to mention the joint company and Standard Oil, which are powerful companies, so this thing is very normal, and Sheffield does not mean to blame Rockefeller Jr., The slave owner said from the heart that he was responsible for what he deserved.
This caused Edith Rockefeller to feel guilty. In turn, the slave owner had to comfort her, "Can such a large enterprise be swayed by private feelings? I won't be able to change it."
There is nothing unusual about routine operations, just as Spain will declare a state of emergency in later generations, but it will be formally executed two days later, meaning to use a big horn to shout to give two days of citizen escape time, the direct result is to make the country feel unsafe Citizens, quickly fled Spain and infected other EU countries.
But will this be publicly announced? It is absolutely impossible. Under the procedure of procedural justice, a decision was made to pit others. What is so strange? Not to mention that Rockefeller Jr. claimed to be unintentional, even if he did it on purpose, Sheffield would not care about it, because he felt that his company was okay, and the calculations could only say that some companies did have problems.
Whether it is unintentional or not is no longer important now. Regardless of whether it is active or passive, the two companies that have concealed each other have already intervened in this crisis. After holding on for three days, Nick Burke Trust and Investment finally responded to the surging. The run down, Heinze and the two couldn't hold back, the two acted separately, one to appease the run savers, one immediately asked the New York Clearing Center for help.
Bankers in New York borrowed from the practice of the London Clearing House to form the New York Clearing House. The purpose of the New York Clearing House was to eliminate bilateral clearing, the cost of separate clearing between banks, and the increasing number of banks in New York City. To improve liquidation efficiency and reduce risks. After the establishment of the New York Clearing Center, in addition to providing interbank clearing services, it also assumed the important functions of risk management and anti-crisis for the banking industry.
The New York Clearing Center has demonstrated its ability to effectively control panic. It has successfully resolved the financial crisis on many occasions. The anti-crisis mechanism is mainly divided into three steps: First, the clearing house usually requires its members to regularly submit balance sheets and pass the clearing house. Or state regulatory authorities to announce.
Therefore, in the early stage of the financial crisis, the clearing house with a membership system can promptly investigate and obtain the asset and liability information of the member bank, and then judge the solvency of the member bank in distress and decide whether to rescue.
After the rescue was confirmed, the clearing house set out to organize the cooperative actions of its member banks, uniformly allocate the reserves of the banks, and provide loan assistance to the distressed banks. If the clearing house's reserves are insufficient to deal with the crisis, the clearing house will issue clearing house loan vouchers and circulate as temporary emergency currency among member banks. The loan certificate of the New York Clearing House is a temporary letter of credit. The borrower of the loan certificate must pay interest and repay it within a short period of time. If it is overdue, it will be fined with high interest. The clearing house acts as an intermediary and guarantees that borrowers will repay on time.
But this time Heinze and Morse's expectations fell through. Rockefeller Jr. had first greeted the bankers of the New York Clearing Center. The run-off crisis of the Nick Burke Trust and Investment Company had spread to other banks as a reason to prevent The clearing center gave assistance to the two, and clearly said that the member banks of the clearing center did not want to continue their assistance.
The appeal of the two speculators was at the source and had been strangled by Rockefeller Jr. Heinze had to continue to announce publicly, "The funds of Nick Burke Trust and Investment Company are no problem, and my own bank is also very healthy. I did not sell one share of the stock at hand, and I still control the commercial national bank. The current bad situation They are all caused by the actions of the Clearing House Committee. They did not say in the statement that the bank was fully solvency, but exaggerated its borrowings, which triggered a run, and the group actually wanted to save all depositors. Attract them to their institutions. "
Heinze and Morse, who had nowhere to go, took aim at the New York Clearinghouse, thinking it was a conspiracy of the clearinghouse.
"This is a conspiracy of those with vested interests!" The two yelled at the running depositors.