v3 Chapter 871： The position of the Federal Reserve and the Treasury Department

"The situation has reached the terrible point it is now, and I don't think the government would want to see us go bankrupt."

For a long time, the words of a director broke the silence.

The corner of the mouth of Tendler Wells, who was sitting above him, raised slightly, and glanced at the person who spoke vaguely.

Kester Phillips lifted his spirits and immediately said: "Yes, now the government has finally managed to curb inflation. Our company's bankruptcy has the greatest impact on the government. I suggest to see G. William Miller immediately."

What he called G. William Miller is the current Secretary of the Treasury of the Carter Administration.

Not only that, G. William Miller also served as the only non-Jewish chairman of the Federal Reserve from 1978 to 1979. Although he only served for one year, he also has a lot of close relations with the Federal Reserve.

Since the Hunter family's speculation in silver futures is about to go bankrupt, the Fed can be forced to borrow 1.1 billion US dollars to tide them over. Why can't Philip Brothers?

Thinking of this, Kester Philip was ready to move, his eyes swept across the faces of several bank directors.

In particular, the directors assigned by Bear Stearns are the focus of Kester Phillips.

If you want the U.S. Treasury Department and the Federal Reserve to help, it is best to let a group of investment banks come forward. This probability is the greatest.

Bear Stearns is a Jewish company. Although Philip Brothers is also a Jewish company, its internal forces have been mixed and its strength is far inferior to the former. It is certainly not as good as Bear Stearns.

Bear Stearns has borrowed more than one billion U.S. dollars to Philip Brothers. If Philip Brothers goes bankrupt, in addition to the Philip family's biggest loss, the second largest company is definitely Bear Stearns.

Feeling the eyes cast on him, the directors of Bear Stearns turned black, and his eyes swept across the faces of the people coldly, and said in a righteous voice: “You don’t need to look at me. It’s a good idea to find the Ministry of Finance or the Federal Reserve The solution, but Bear Stearns alone is absolutely impossible to solve, everyone must come forward together!"

After speaking, he looked at the headed Tendler Wells and said: "Wells, the company also has large-scale lending business with other investment banks. I suggest you let them come with us."

Tendler Wells, who achieved his goal, smiled and nodded and said, "No problem, I don't think they will refuse."

"Then don't waste time, discuss the specific steps and act as soon as possible."

Kester Phillips urged impatiently.

The people who reached a consensus immediately discussed it, and soon a complete implementation plan was formed in the mouth of this group of elites.

After the meeting, many people rushed to their company immediately, intending to report the real situation of the meeting.

Looking at the empty conference room, Tendler Wells looked worried, came to the floor-to-ceiling windows, looked at the New York Mercantile Exchange in the distance, and muttered: "I have done what I can do last. If none of this can be resolved, then Philip Brothers will really have to go bankrupt."

...

"Miller, long time no see."

"Volcker, it looks like your spirit is great."

After greeting each other, G. William Miller followed Paul Walker to the living room and brewed coffee.

"Miller, they have already looked for you? Did you come as a lobbyist?"

Paul Walker said with a smile.

He knew that the Treasury Department hadn’t made any big moves near the most critical period of the general election. Now G. William Miller came to visit him suddenly, except for the Phillips Brothers company, he couldn’t think of anything else. .

"It seems that they have looked for you too."

G. William Miller smiled faintly, then asked with concern.

"Volcker, what are you going to do?"

Paul Walker smiled, did not answer directly, and asked, "You came with the idea of ​​the White House?"

G. William Miller grinned stiffly, then he was relieved, and he guessed it at once.

"Yes, Mr. President hopes that the market order can return to normal. Only a stable financial order can create greater value for Wall Street and the United States."

Paul Volcker smiled unceasingly and said: "The New York Board of Trade and the Commodity Exchange Commission have been involved in the investigation, but as far as the current investigation is concerned, all transactions are legal."

Paul Volcker’s attitude made G. William Miller unpredictable. He frowned slightly and solemnly said: “Volcker, the Fed has struggled to curb inflation. If Philip Brothers goes bankrupt, it will affect the entire Wall Street. And the industrial sector will also be affected, and the consequences will conflict with your plan."

"Four months ago you were worried about the collapse of the International Metal Investment Corporation. The Federal Reserve loaned 1.1 billion U.S. dollars to the Hunter family. This time, the impact is no less than the last time!"

As the **** of President Jimmy Carter, G. William Miller understands the consequences of the collapse of the Philip Brothers Company.

The Democratic Party has already fallen into a decline, and a big reason is that inflation has caused the economy to be bad, and voters are dissatisfied with their feet. If the failure of the Philip Brothers Company causes economic turmoil, they will definitely be caught by the Republican Party for wanton attack.

Although the final stage of the election has nothing to do with ordinary voters, I am afraid that the Republican Party will use this matter to make a fuss.

The reason why he would consider this is because he knew that Jimmy Carter’s think tank had studied the plan overnight and planned to use the rescue of Philip Brothers as an opportunity to gain the support of some Wall Street Jews.

The Republican Party has taken advantage of the opportunity in the Middle East to temporarily draw most of the Jewish forces into the Republican camp. If it can split a part of it, it can add some chances to Jimmy Carter's election.

Paul Volcker can be the chairman of the Federal Reserve, and the future can continue until 1987, IQ can definitely be regarded as the world's top.

Although G. William Miller did not say, but he also guessed the real reason why G. William Miller was so anxious.

Although he is a German Jew, he may not necessarily save the Philip Brothers Company.

The Jews are well-known for their unity in the world, but the most united time is when Israel is involved. In fact, in normal times, it involves their own interests, and they also have different ideas and positions.

He knows very well that Philip Brothers is different from the Hunter family, and the time now is too sensitive. Even if he is the chairman of the Federal Reserve, he must also be concerned about some things at this time, such as the Fed’s big position, and his ability to be in G · The conditions for William Miller to take office after he was removed from the chairmanship of the Federal Reserve.

So in this matter, he had to be more cautious.

What's more, Philip Brothers is not in a hurry when it is not at its most dangerous.

I saw Paul Volcker shook his head with embarrassment: "Miller, although I am the chairman of the Federal Reserve, I have to submit to the board for discussion on some major issues. I will immediately convene a think tank to study and submit it to the board. As for The result will take some time."

G. William Miller frowned and stared at Paul Volcker with a serious expression: "Volcker, now the situation has reached the most dangerous time. It must be resolved as soon as possible, otherwise there will be a problem. It’s a disaster, and the Soviet Union hopes we can’t get out of the quagmire.”

Hearing the Soviet Union, Paul Volcker's eyes condensed, but he still maintained his position.

He said solemnly: "Miller, I'm already thinking about how to resolve this matter safely. You should understand that some things are deeply involved and cannot be resolved so easily. Now how much capital has entered the market on Wall Street. Did you investigate it clearly?"

“Last time the Fed rescued the Hunter family for the market, this time if it saves Philip Brothers, then the future economic order will be in trouble. The alligators on Wall Street will repeat this kind of thing unscrupulously, because regardless of the outcome, it will There is the Federal Reserve! Risks and benefits are not equal!"

"It is best to leave matters in the financial market to the market to solve it on its own. This will help optimize and develop the financial market."

"If it comes to real danger the Fed will perform its duties, but before that, I think what you should think about is how to make adjustments in terms of policy and supervision."

G. William Miller looked contemplative before nodding and saying, "What you said makes sense."

"However, for the sake of safety, I still hope that you will submit it to the Fed's board of directors as soon as possible. The fiscal and financial departments will also take corresponding effective measures as soon as possible."

Paul Walker nodded and said, "No problem."

Then the two chatted for a while, and then G. William Miller found a goodbye.

Watching G. William Miller's car away, Paul Volcker's gaze was a little surprised.

Thinking of the Rockefeller consortium, the Morgan consortium, the Jewish consortium, the financial giants on Wall Street, etc., he couldn’t help but press his temples and muttered to himself with some headaches: “It’s really a troublesome thing. Let’s take a look. Maybe there will be some companies right. Philip Brothers is interested. It is undoubtedly the best that the market can resolve it. As long as it doesn’t go bankrupt, anyone who takes over is the best result for me..."