Chapter 480: United america

How do you declare the role of the federal government to the outside world? To know that Roosevelt used administrative power, the three have already prepared for this. Such a financial system has two crucial characteristics, and these two characteristics may just become The root cause of the financial crisis. First, the existence of a system means that difficulties can be passed on. The difficulties of a financial intermediary institution can spread to other financial intermediary institutions.
Second, the complexity of the financial system means that it is difficult to obtain information about all participants in the financial system. Complexity makes it difficult for us to understand what is happening and the connections between things, and it is these connections that enable the crisis to spread.
Since the financial system is too complicated, let him be more transparent. Of course, the scope of transparency is the small banks all over the country. These small banks make the financial system complicated, which is the culprit of the financial crisis.
Now that communication with the federal government has begun, it is inappropriate for the federal government to be the culprit that caused the financial crisis. The three Sheffield also have to unify their speech and find a new scapegoat. Anyone can do it, as long as they are not the three .
Once small and medium-sized banks across the country close down, the vacated market will become the driving force behind the growth of the three parties. Only then can everyone have a good life. Such good days can at least sustain the next crisis.
For this reason, Morgan Jr., Rockefeller Jr., and Sheffield decided so happily that these small and medium-sized banks were the main reason for the financial crisis, not the federal government.
"We changed our attitude, of course, because after President Roosevelt's careful discussion, he calmly admitted his mistakes." Sheffield bite a cigarette stubbornly, and took the initiative to give President Roosevelt a step down. In this way, the face of both parties can be preserved. There is nothing wrong with large enterprises and the federal government. That can only be the fault of small and medium-sized financial institutions.
President Roosevelt was caught in thought, to see if he could think of other ways, but no, really not! Only these three people on the opposite side have the financial resources to restore confidence in the entire domestic market.
However, the demands made by the three were unprecedentedly excessive, using administrative force to intervene in the economy and closing banks across the country, which was even further than the previous antitrust law against large enterprises. Not even Roosevelt himself had thought about this, but the three people on the opposite side could have figured it out.
"This is the big enterprise that keeps public power in its cage." Roosevelt's mouth was full of mockery.
"The key lies in who will control this public power. Anyway, I think that the federal government serves the most important companies in our country." Sheffield made it clear, "As long as we don't operate on us, this is a very good The federal government, if it is the enemy of big business, no matter how good the federal government does, it is bad. How much money the federal government can give us to save the city, say a number, and see if it is enough for us to divide. "
"The federal government still has 30 million national public funds, and I know exactly how the money came." Little Morgan raised an eyebrow from the side, knowing very well how many properties the United States currently has.
"Thirty million US dollars is not much, this is that we are 10 million each person, oh, many. Standard oil's book is only one million US dollars." Little Rockefeller seemed to say that he had leaked his words and rounded it back. , "Now the economy is not good, and the days of large enterprises are not easy. It is estimated that the country will not ask us to use the interest on this money."
"How can the federal government rob the interests of us private companies, there will certainly be no interest." Sheffield sang a side by side and said directly that he was dead, there must be no interest.
The three of them seemed to be in the sacred White House, and were suddenly revitalized as the masters of the country. They happily discussed the bailout plan. They had opened mouths and were ready to swallow the high-quality assets on the list.
This disgusting gesture, even Alice Roosevelt, who had been paying attention, could not bear it, but this time she did not come out from behind the porch, she knew that her father would fight back.
"Then I don't know. What did the three people want from the federal government in exchange." As a strong president, Roosevelt was absolutely impossible to lose unilaterally. He had made up his mind, even in exchange, Nor can these three vomiting take advantage unilaterally.
Before coming to the White House, the three discussed the matter. Knowing that a president like Roosevelt was going to be a very difficult thing, so we must let the federal government have a suitable reason to cooperate. It cannot really be like before. It was said in the remarks that the federal government is the root cause of all crises.
So in the end, the small and medium-sized banks were pushed out as scapegoats, and Rockefeller Jr. did not take the opportunity to return more than 20 million unpaid fines, which is also impossible. Sheffield himself also has his own exchange method.
The three of President Roosevelt ’s requests were unsurprising, and Morgan began to say,
As I said, it was the chaos of the financial institutions that led to the crisis. It was linked to the previous problems and invited the federal government to show Authoritatively, banks across the country will be closed. When the time comes, I will announce to the bank that has failed that all of these banks that have disappeared from the country are insolvent.
"After this crisis, Standard Oil will pay a fine from the federal government." Rockefeller Jr. said with a cold face. "The civic class likes to watch the rich get out of luck. I can give them such a chance."
"As for the joint company, I will dissolve the canned trust and beef trust after the crisis." Sheffield then gave his own assurance that with the establishment of the United Grain Company, these two trusts can already withdraw from the market. The members in it can later appear as grain merchants, bound to the joint company.
Acknowledge that financial institutions are the source of this financial crisis, pay huge fines, and take the initiative to dismantle trusts. It was the exchange terms offered by the three, and President Roosevelt was relieved after hearing it.
If there is another way, President Roosevelt will definitely not accept the three for blackmail, but there is really no way. This time he had to endure the extortion of the devil temporarily, only for the glory of God to finally come.
He is also comforting himself. From the perspective of the Sheffields, after this crisis, the advantages of large enterprises will be more consolidated. Compared with their mistakes, confessions, and dissolution of trust losses, the gains that will be obtained are only It is truly unimaginable.
On the surface, Sheffield's concession is the biggest and most sensational effect, and it is entirely a sacrifice made for the sake of the overall situation, the joint rescue of private companies and the federal government. Of course, ordinary citizens may not realize this without this consciousness. It does not matter. The slave owner is ready to let his newspapers blow up his own pattern.
If you do n’t do marketing, do n’t you think it ’s done in vain? The Republic has already recognized people who make a lot of money. The United States is different. Since it is a bailout, it must be treated as a savior, otherwise it is better not to do it.
Putting the exchange conditions out of each other, the issue of detail is up and down. From the sharp opposition at the beginning to the final sitting together, the question of who is the winner is the slave owner for Alice Roosevelt. Willing to admit that he is a seeming loser.
Sheffield doesn't even care about the specific details anymore. Now the only thing she wants is for Alice Roosevelt to use her unique tenderness to soothe her broken heart and fallen body.
Others were happily preparing to save the city, Sheffield was wandering around the world, thinking about what was going on. For example, after the crisis, will Roosevelt seek a third term of re-election? Normally, it will not, but what if Mr. President is just not convinced? This has to be discussed with Morgan Jr. and Rockefeller Jr., in case this is really the case, it is best to let Roosevelt not pass the primary.
Strictly speaking, Roosevelt's term of office is only one year, and the new year is the general election year. The national elections will be elected during the general election period. This makes the slave owners very upset. Let ’s not talk about the Republican Party first. Even if it ’s the turn, it ’s the Democratic Party ’s turn to let yourself taste the wonderful taste of collusion between officials and businessmen.
The last time the Democratic Party was in power, he was less than 20, and now it is almost 30. There are decades of life that can be wasted.
The slave owner took the opportunity to make it easier. He had seen the small head behind the porch several times. When people were saving the market, they came out to breathe, "Don't make trouble, this is the White House, so many people!"
Looking at the man ready to chew on his head, Alice Roosevelt first angered the move. She still dared not let herself go here in the White House, inquiring about the progress of the matter.
"It should be almost the same. On the bright side, I have suffered the most. I split two trust companies." Sheffield said this, and stared at Alice Roosevelt's eyes. "If it weren't for you, I wouldn't be like this." Do it. Even if you do n’t disassemble the trust, you can still achieve your goals this time. Forget it, you just remember me and the two of them as greedy capitalists. "
"The two of them are really greedy, you are still sentimental and righteous, that is, sometimes you can't talk to your brain." Alice Roosevelt was busy comforting, and the two trusts succeeded in letting Alice Roosevelt forgive the slaver's misstatement. Men are sincere to themselves.
"It doesn't mean that there is no return in sight now." Sheffield nodded her head and returned to the negotiating place inside. At the moment of crisis, private companies and the federal government faced together to show a united American image to the outside world.
It's just that those who hear it are sad, and those who see it cry! The White House spokesperson officially announced that the meeting had very good results this time, and the specific content will be announced later.