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Chapter 603 Sure enough

On Friday morning, people who came out of the subway station and went to work on Wall Street rarely returned to their former elegance.

After walking out of the subway station, many people would look up and see the sky is so clear!

They all knew the two good news yesterday, United Fund invested $5 billion in Goldman Sachs, and another major investment bank on Wall Street, Morgan Stanley, also received a $90 investment from China's sovereign investment fund after paying 20 shares.

Although the latter looks a bit like a delivery person - in the minds of most of them, the financial institutions of the Eastern power, especially the official financial institutions, are really representative of the stupidity of people and the high money.

Many of them have more than one way to easily let them voluntarily withdraw after going through this difficult period.

But no matter what, Morgan Stanley, the representative of Wall Street, also reached a critical moment. The fact that Morgan Stanley can attract such investment at this time really makes many of them want to shout from the bottom of their heart, "I love you China!"

They didn't know that in just over a year, the representatives who "silly people and have a lot of money" in their eyes have already undergone a transformation. Although the agreement signed with Morgan Stanley this time made concessions in the end, they still took a big advantage, which is a real value investment.

The agreement prepared this time is also carefully designed to be the top industry.

So, what excited these people the most was United Fund's investment in Goldman Sachs.

They all know who is behind United Fund, and they all know the achievements of United Fund.

If United Fund makes hundreds of millions of dollars or billions of dollars from various Wall Street companies through subprime mortgages, then it may be the public enemy of the entire Wall Street. Anyone who mentions it will scold you, "Take the fire!"

But when the profit of the United Fund is more than 20 billion US dollars, everyone's impression of it is that they are in awe of the same respect. It's amazing!

United Fund completely conquered them with such dazzling achievements, and also intuitively let them know that Feng Yiping is not only a genius in Silicon Valley.

Such people are so optimistic about Wall Street, so what else can I worry about?

What's more, Feng Yiping also clearly stated in the interview that relevant departments should be considering the overall relief plan for the financial industry, which made them feel relieved.

Since last night, those who have channels have already started their relationships and asked if such news is true. It is estimated that it will take not long to get accurate news...

In a word, it seems that the haze shrouded on Wall Street will fade away soon.

They were all waiting for that moment to come.

…………

At this time, a conference room in Goldman Sachs building was already full of people.

These young and well-dressed gentlemen and ladies are both members of the Goldman Sachs board of directors and can also be said to be the people representing the highest power of Wall Street.

Although there were many people around the table, the conference room was very quiet. By standard, the people here were all "old money", true and false, and all had some aristocratic style.

In previous meetings, they might have been a little more casual, but today, isn’t there a new face at the table?

Then you shouldn't show off?

While laughing and whispering to the people around them, they all looked up and down without any concealment.

Those eyes couldn't say anything malicious, but what they expressed was definitely not the meaning of welcome.

John sat lazily on the chair in a casual position than them, with a faint smile on his face, and his eyes returned to them, making those people feel uncomfortable.

That was a condescending look than them!

John never asked the boss about what attitude he should use on the board of directors because he knew very clearly that being a good person is the boss’s business. What he had to do was to show a difficult and difficult side.

Don't make any thoughts about sacrificing our interests.

Also, what are you proud of?

Without our investment and without the boss personally supporting you, can you be so leisurely now?

Board Chairman Raulder walked into the conference room with people and greeted everyone. When he looked at John, he found that this person who had never had a temper yesterday was even more awesome today than Feng Yiping in front of him.

It's true!

"Everyone, everyone knows the relevant agenda. Because of time, we will vote directly, okay?"

"Please raise your hand if you agree to apply for reorganization of Goldman Sachs into a shareholder of a bank holding company,"

He took the lead in raising his hand.

None of the others at the table opposed it.

To put it bluntly, the so-called application for reorganization into a bank holding company is to turn them from investment banks to commercial banks.

The biggest advantage of becoming a commercial bank is that it can obtain the right to borrow money directly from the Federal Reserve discount window - to put it bluntly, when the workers and peasants established diplomatic relations, they could find the central bank when they were short of money, but those securities companies did not have such power.

Another well-known benefit of becoming a commercial bank is that it can attract deposits. Goldman Sachs takes this measure, which means that it also reserves space for gradually using depositors to replace short-term financing.

At this time, naturally no one objected to such changes.

Anyway, after the efforts of some Wall Street seniors, there is no difference in the business scope of commercial banks and investment banks.

After everyone signed the documents, Rauld immediately said, "Release to release it to the public now,"

The opening time is coming soon, and such news will undoubtedly help Goldman Sachs' stock price performance.

After doing this, Raulder was obviously relieved, "Everyone, with our joint efforts and with the help of our new partners," he nodded to John, "The most difficult days were finally left behind by us step by step... Oh John,"

He saw John raise his hand, "Do you have anything to say?"

"Yes," John was not polite at all. "In fact, we all know that reorganizing Goldman Sachs from an investment bank into a commercial bank has no direct help to our current situation,"

Those who had a sense of accomplishment on their faces immediately frowned. Such an important change, you said that it would not be helpful?

"Borrow money from the Fed's discount window?" John turned a blind eye to those who continued to speak and sarcastically. "After the Bear Stearn incident in March, the Fed's 'broker loan Measures' actually gave them the right to go beyond traditional boundaries and lend money directly to investment banks."

"So, this approach is just to make some investors feel more at ease,"

My board of directors will look more lively in the future. Raulder looked at this guy who was not known last year and was qualified to be on par with them this year. "This is not an initiative that can help us substantially in the short term, but it is indeed an initiative that will give us more advantages in the future."

Someone asked immediately, "John, right? Then do you think there are other measures that will work in the short term?"

"In the past few days, not only us, but everyone on Wall Street, have never thought of any good idea,"

John welcomes the guy who acted like this and gave him a head, "That's the past, that's before we invested in Goldman Sachs,"

Raulder couldn't help but lower his head. This was really a...madman.

Do your boss Feng Yiping know that you are so crazy?

Oh, he must have known that this must have been instructed by him.

"Didn't you notice it? Things have changed since we invested in Goldman Sachs," John said tactfully.

"Just tell me what measures do you have to take effect immediately," another person spoke.

I really can't stand such an arrogant person.

"The short-term effect is not simple?" John looked like you couldn't even see this. "Taking the east wind yesterday, I'll issue stocks again. I think it's also $5 billion,"

Someone almost called out immediately, "Who bought it?"

But wait, there will be people buying it now!

Raulder nodded secretly. This is really a good way to try. At this time, who would think there is too much cash in his hand?

This is a plan specially prepared for you!

At this moment, the phone on the table rang, and as soon as Rauld answered, he immediately stood up, "Good news for everyone,"

He pointed, and someone turned on the TV immediately. Paulson, who was familiar to them, appeared on the TV. "I want to announce a news to everyone, but I think that everyone should be familiar with this news today,"

The people in the conference room couldn't help but calm down, "We will use $700 billion to buy problem assets in the banking industry,"

"Yeah!" Suddenly, the entire Wall Street was filled with people applauding and celebrating.

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