Greenspan's second exit, everyone here was shocked.
Although the conversion rate of 0.35 is very shabby, everyone understands that this is the biggest compromise the Federal Reserve Bank can make.
After all, this money is equivalent to being given free of charge by the Federal Reserve and the Central Bank to rescue the market. Since it is given away for free, then don't be picky.
Likewise, everyone understands why the Federal Reserve and Washington gave up on Lei Man.
Just imagine, the Federal Reserve and the Central Bank's rescue plan only used a total of 300 billion U.S. dollars. To pull Leiman out of this quagmire, Leiman's own liabilities alone will have to pay 200 billion U.S. dollars. Who will die if Leiman doesn't die?
Everyone looked at Doug with more and more sympathy.
They know very well that if nothing unexpected happens, Doug’s Leiman may have no chance of getting the US$300 billion.
With a clear view of everyone's thoughts below, Greenspan remained expressionless as he announced the third piece of news meticulously.
"The third and most important one is that from now on, the Federal Reserve Bank will comprehensively review all credit housing loans across the federation, and work with the securities regulatory authorities and the tax and finance departments to thoroughly clean up all illegal lending practices."
Speaking of this, Greenspan's eyes swept across everyone present and said softly: "Don't take any chances. All the above terms have been approved by the top brass, so there is no room for refutation or bargaining.
."
Closing the document and placing his palm on top of it, Greenspan said calmly: "These are the measures currently prepared by the Federal Reserve and the Central Bank. I hope everyone can understand that the current bad situation is not caused by Li Jin, but by the economic system itself.
s reason."
"So, more of us should look for the reasons within ourselves. The overheating economy and the disorderly rise in real estate values. You know better than anyone who is the real driving force behind the scenes."
"With that said, the meeting is dismissed."
After speaking, Greenspan's eyes fell on Buffett and said calmly: "Mr. Buffett, please stay for a while, and the others can leave."
Although there were many doubts and dissatisfaction in the stomach, Greenspan said so, and no one dared to challenge the authority of the dollar pope on such an occasion, and everyone stood up and left quietly.
After everyone left, only Greenspan and Buffett were left in the conference room.
The slightly obese Buffett seemed to be more talkative in front of the lean and serious Greenspan. He said with a smile: "You kept me here specifically because you have any inconvenience to say to me in front of them."
?"
Greenspan nodded and said: "Mr. Buffett, I know that the investment companies and funds under your name have just dumped US$2 billion in assets in the secondary market."
Buffett nodded and said: "Yes, and I gave the order. This incident made me realize that there are serious problems in the U.S. secondary market, and I need to be responsible to my investors."
Greenspan nodded and said: "Yes, so I understand your decision very well."
"Then can I leave?" Buffett asked.
Greenspan ignored Buffett's remarks and asked, "Mr. Buffett, I need you to give me some advice. Do you personally think the situation in the secondary market is hopeless?"
"Yes."
Buffett's answer was so decisive that Greenspan found it hard to accept.
"The real estate industry in the United States has continued to rise for 10 years. During these 10 years, too many economic derivatives have appeared. Personal credit contracts are sold as futures in the secondary market. This is only the most representative one, but it cannot
Represents all.”
"The root of this problem is that the bubble in the U.S. real estate industry has overheated. Without Li Jin, it may burst in five or eight years."
"But sooner or later, whether now, five years, eight years or even 10 years later, it will break sooner or later."
"Before it bursts, it seems that everyone can make money in this industry, but the laws of economics tell us that any bubble will burst one day, and an industry that makes endless profits cannot exist."
"So, its situation is difficult to recover."
Buffett's words made Greenspan look depressed. He said: "You and our views are the same. It seems that this is indeed my failure."
"As the governor of the central bank, you have served for two consecutive terms. During these two terms, you have sent away two heads of state and three finance heads. The determination of economic policies is based on local conditions and the times. It is not your fault.
You." Buffett comforted.
After smiling, Greenspan suddenly said: "Thank you for your comfort... As far as I know, you and Li Jin have a good personal relationship, right?"
Buffett calmly replied: "I can't say he is very good, but I admire him very much."
Greenspan crossed his fingers and said softly: "Mr. Buffett, forgive me for being frank and direct. You have a very special status in the minds of investors across the country, so I hope you can do something beneficial to the market at the right time."
At least the market’s confidence will not collapse so quickly.”
Buffett frowned. This was undoubtedly asking him to sacrifice the reputation and reputation he had worked so hard for all his life. Just when he was about to refuse, Greenspan said: "In exchange, I will nominate you to serve as the Federal Reserve after I leave office."
Deputy Governor of the Central Bank, which is Janet’s position now.”
This sentence immediately made Buffett swallow his refusal.
Greenspan continued: "You know, the United States is a free country. The people have freedom and human rights, and capital is also free. But freedom has a limit. While we are free, we also need a system to restrict it, and this system,
It is the basis for protecting the interests of the people of the United States from being harmed."
"So even if you admire Li Jin, you can't let him completely destroy our system. Otherwise, it will be difficult for you and me to give an explanation to the people, right?"
With these words, the last struggle in Buffett's heart disappeared.
"I understand." Buffett said softly.
With a chuckle, Greenspan stood up, walked to Buffett, stretched out his hand and said, "Then I wish us a happy cooperation tomorrow."
Holding Greenspan's hand, Buffett hesitated for a moment and said: "The secondary market will reopen in a dozen hours. Can you tell me how sure you are of completely defeating Li Jin?"
Greenspan chuckled and said: "On this planet, no one can survive as long as they are the people we want to kill, because we are the United States Federation, the most powerful military and economic country on the planet.