Paulson, who obviously had a lot of worries but still managed to squeeze out a smile, was welcomed into the hospital. After a simple exchange, Paulson wanted to talk to Andy alone.
After Andy led him into his study, Paulson asked if it was safe.
After the first day of check-in, Andy, who had been "cleaned" inside and outside, nodded faintly.
Then Paulson, with a helpless look on his face, said, "Freddie Mac and Fannie Mae, these two bastards are just cheeky, shameless..."
Andy sits down, throws a cigar to Paulson, lights it for himself leisurely, and then listens to Paulson with a smile.
It turns out that both companies are struggling to find solutions in the subprime crisis. Fannie Mae is more attentive and more rewarding. In fact, it has reached $7.4 billion, while the promised real estate beauty has achieved nothing in terms of financing.
Just this morning, Fannie Mae executives came to the Treasury to demonstrate a PPT, and for the first time explicitly acknowledged that they were unable to finance in the capital market. Nevertheless, their expected loss is still lower than that of the auditors. That is to say, even now, Fannie is still lying.
Andy listened to Paulson's angry words. After listening to what he said was not concealed and told, Andy was a little stunned. He closed his mouth slightly. After his surprise, he couldn't help laughing.
Yes. Fannie's skin is really thick. Their presentation of the PPT to the U.S. Treasury meant essentially one thing: "unless you help us, we'll be in big trouble.
But since we obviously meet the requirements of the statutory capital adequacy ratio, you can't touch us. You can only do it according to the requirements of the law, that is, inject capital into us according to the conditions we agree with. "
What Andy sneered at was Fannie Mae's attempt to create the impression that their troubles were all caused by the U.S. government, because it was the rocket launcher that the U.S. government demanded to take over that made everyone lose confidence in them - because of this, the U.S. government has the obligation to solve the problem according to the favorable conditions for them.
“FXXK! I worry about their situation all the time. I have to try my best to assure the Chinese people in private and at the banquet that everything will be ok... They even want to cheat money now, and they want to muddle through! "
Paulson was already a little angry, his whole face was gloomy and terrible, and he was biting his teeth and swearing.
While Andy is still looking at Paulson 's hair with a cool face Xie anger, watching him perform more than the performance of inner anger. To be honest, Paulson should have been clear about the virtues of Fannie and Freddie, and now the situation is just that Fannie and Freddie start to play rogue, ready to tie Washington, and then use the money of Shui people to save them.
And Paulson is also very interested in taking over the two houses. Although there are compelling elements, Paulson has shown great initiative in this matter.
"Then... Mr. treasurer, what do you want to say to me? " Andy spits out a mouthful of smoke, picks up his coffee cup, takes a leisurely SIP and asks with a light smile.
Paulson looked at Andy's smile and said, "I know that some of your think tanks are in the capital. I hope to get the help of your Gaia company. At the same time, I also hope to get real-time information about all Bloomberg terminals in the two rooms.
After all, you know, there are still a few days left for my Olympic holiday. One thing is troublesome, that is, my phone call home must be kept secret. My communication here may not be secure, and I do not want any information about the adverse situation of Fannie Mae and Freddie Mac to be disclosed... "
"Ha ha, I will certainly accept business, but what kind of consulting help do you need from us?" Andy asked with a smile.
"On the two rooms directly placed in the receiving process of planning!" Paulson looked at Andy and said.
Andy looked at Paulson without hesitation, then nodded a little and said with a smile: "there will be a lot of people raising their hands to support this idea, but trust me, including Bernanke, will not personally participate in the planning to help you.
Because even I have a certain antipathy to this plan. In my opinion, cheeky Fannie and Freddie should not be given "special care", even if those foreign governments hysterically seek the protection of the United States government
"Ah -" Paulson also smiled and shook his head, helplessly said: "you guessed right, Bernanke expressed 100% support for me, but Geithner said he would find" a moment's peace "for himself, fishing vacation in the valley, I can understand some guilt for refusing me."
"Since the outbreak of the subprime mortgage crisis, the stock price of LiangFang has fallen into a precipice.". Fannie Mae's share price has plummeted since July last year. By the end of last week, it had fallen from $65 to less than $5. The share price of Fannie Mae also plunged from about $60 to $1 in the middle of last year.In the eyes of the market, the world in which Fannie Mae lives is dead. Common shareholders have almost lost everything. If you do this regardless of political costs, you can only benefit from China and other creditor countries. Well, maybe you still have something to reserve, regardless. Since it's business, I have no reason not to accept it. "
Andy's words made Paulson's face twitch for a few times, showing a bit of embarrassment. However, when he heard Andy's promise, he was interrupted by Andy's smiling hand as soon as he wanted to say thank you, and then he listened to the terms offered by this cunning young man.
"But my men will join you in the war room!"
Paulson was silent when he heard this request. The reason why he wanted the help of Gaia was that he knew that since the subprime mortgage crisis, Gaia had been at the forefront of all Wall Street investment banks. He had studied and arranged to short the two rooms early. Today, Gaia has brought Andy at least several billion dollars of income by shorting the two rooms, which is almost the same More crazy than stealing money.
In the market, apart from the fact that Fannie and Freddie know their own difficulties, I'm afraid that the real situation of Fannie and Freddie is not under the greedy hungry wolves of the young man in front of them.
Now I'm looking for Andy to ask for Gaia's help. It's also because Andy, who can't squeeze any oil and water from LiangFang in the secondary market, is no longer interested in LiangFang. Therefore, without mixed interests, Gaia's advice to him will be more just and credible.
It's just that Andy's current requirement is a little too much. It's to reach out to his financial crisis rescue team. Once he agrees to join Andy's Gaia company, it's better to master all kinds of policy information. More importantly, according to Andy's will demand, things that may affect the direction of the rescue policy will appear.
Looking at Paulson's face sinking into the water, he was full of the eyes of precaution and hesitation. Andy squinted his eyes, smoked a cigar and threw out the last straw that killed the camel.
"At the moment, you also know that in your most difficult time, I can help you once, whether it's Obama or McCain..."
Paulson's pupil suddenly shrank, the eyes in his eyes became extremely sharp, and he looked at Andy, who spits out his eyes on the opposite side and smiles calmly. At this moment, he seemed to feel that he was no longer facing the lucky young man who was always despised unconsciously, but an old fox from Washington, who was familiar with the trade compromise.
“。。。。。。” Paulson's brain was running fast. After a moment's silence, he smiled helplessly, reached out his hand and said in a hoarse voice, "deal!"