Chapter 1398: Don't you give me an explanation?

Looking at the bull in front of Bowling Green Park, I have to say that the Italians are not good at war, and art is very reliable. Rudeness, strength, courage, this is William White's most intuitive feeling.
It's a pity, now this thing is a bit outdated, the cow is still the cow. But Wall Street was covered by a huge brown bear.
William White did not like Wall Street, not at all. In his opinion, under this bull, there are simply bones.
Taking a deep breath, I still feel a little depressed, or the air in New York is too bad, or the surrounding buildings are too dense, anyway, all kinds of untimely.
"Boss, time is almost up."
"Well, let's leave here, you know Philson, every time I come here, I like to look at this bull.
It's a pity, every time I come here, the performance of the stock market is always not very good. I don't know if it is a coincidence. I think they will not want me to come often. "
Philson wanted to scold his mother a little bit. He was already late in the past, and you still have the mind to complain here. Of course they don't want you to come here. They are all old guys, only you are under fifty. Think about it, a group of old folks look at a vigorous pretty boy, and be in a good mood.
Seeing Philson's weird expression, William White didn't bother. He is not showing up, nor does he have no time concept. In fact, he is basically acting with a stopwatch in his identity.
What kind of person needs to be greeted, what meetings are held, need to be punctual. The punctuality mentioned here is not in advance, it means just right. And today, deliberately playing a bit, that is to express an attitude.
Yes, buddies are very angry now, it is easy to save the market, and it is okay not to make negative comments. But ah, you Merrill Lynch and Citigroup plan to pass this way?
Humph, I'm afraid I think too much.
"Sorry, gentleman, the traffic in New York is too bad." Taking off his top hat, William White shrugged apologizing. This is necessary. It doesn't matter if you are late. This is an attitude. If you are not polite anymore, it is a matter of upbringing.
Of course, the bad excuse of the traffic jam on Sunday is really insincere. You bastard, there can be traffic jams on Wall Street anytime, but it’s a little magical in the early hours of Sunday morning.
Well, not many people care about his unreasonableness. Even Greenspan, who was sitting in the middle, just smiled and nodded.
One Wall Street, Bank of America Building. William didn't understand, shouldn't you go to the Fed for such a meeting? Or, it's OK to take a few steps to Da Mo.
Listening to Greenspan's endless talk of bubbles in front, William White really felt a little painful. Do you really think you guys are ordinary investors? The Internet bubble is also called a problem?
The entire Nasdaq, when it shrank the most, was only five trillion dollars. You sound exaggerated, but it's actually the same.
many? Of course there are many, but what we are discussing now is the overall shrinking of the US economy. Let’s put it this way, even if the people here collect one trillion, it will not solve the problem. Just like the subprime mortgage crisis, subprime loans are not terrible in their life, and the numbers are not too exaggerated. Banks are not fools. The proportion of grade loans will not be too much.
"Uh, interrupt, Allen, I found that you are in the wrong direction. Condemning Internet companies can't actually solve the problem. In fact, until now, I don't think there are many bubbles in it.
CDO, CMO, ABS, SIV," William White tapped his head and said, "Everyone, who of you can give me science, so many derivative products, is there any risk management?
No, when you invented this toxic bond, did you consider the consequences? "
Uh, Greenspan's old face flushed. He never imagined that at this time, this fellow would still not admit the bubble.
Of course, he actually understands that the essential factors that caused the current situation are these derivative products.
"Ah, this issue will be discussed at last."
"I'msosorry, you continue, just as if I didn't say it." William White shrugged, completely ignoring Greenspan's dissatisfaction. Of course, the CEOs of Citigroup and Merrill Lynch were also flamboyantly ignored by him.
Buffett glanced at this man, and he understood that the reason why William White came back was completely a mess.
Want to save the market?
simple!
Want to inject liquidity?
That's even simpler!
But ah, can I trouble you to make things clear, whose responsibility is whose responsibility. Nima, all the black pots are thrown at high-tech companies. Without you assholes, who has the ability to double the Nasdaq directly in just one year.
A fine of hundreds of thousands of dollars?
Humph, how could someone who knew the result of the process endorse it? If it were Morgan Stanley and Goldman Sachs, he would have recognized this dumb.
But ah, why is this guy like Citi?
Are you guys familiar with you?
With this quarrel, the big guys here are very clear. I’m afraid it’s impossible to get rid of this matter, but it’s okay, if you hate making money so much, why do you let us back the pot.
"Boss, you were a bit reckless just now, this matter today."
William White waved his hand and said: "I deliberately let them know my dissatisfaction. I will meet in Los Angeles in the afternoon, and you will take care of everything here."
Uh, a black line floated on Felson's head. He really didn't understand. Since he knew nothing would be changed, why did you come here?
"The reason why Philson agreed is that he is worried that the U.S. is heading for a recession. The U.S. is very bad now. More than 30% of GDP is not manufacturing or service industries, but these financial and financial derivatives.
This is dangerous and terrible. The most important point, whether I say today or not, they will not make changes. Remember my words, in the end, we will all be killed by these things in the end.
At the very last moment, at the very least, I can face it very calmly. "
Philson has nothing to say, Wall Street is structured like this, buying and selling securities and bonds, there can support their greed. If you want to make more money, you must make the cake in front of you.
What is the most profitable thing on Wall Street?
Financial innovation!
If you think about it, if you invent something from scratch, as long as you can sell it, you can earn a lot of commission.
Virtual economy, you virtualize and securitize it again. My God, it takes a lot of hard work to dare to get this stuff out.
For the self-willed boss, Philson can only express helplessness. If you have a red face and a white face, you are not afraid of flashing someone's old waist.