Chapter 2931 Solving the Financial Crisis
"I...I vote!"
When Nancy said this, she seemed to collapse and slumped in the chair.
Even she, the leader, succumbed to Chen Mo's intimidation!
Don’t even expect others to resist bravely!
"Very good. Great!"
Chen Mo smiled and clapped his hands, "Come on, everyone, applaud Ms. Nancy's speed!!!"
You responded before my countdown ended, you're truly the leader!"
"Applause? Why? Do you think what I said is wrong?"
Seeing that no one responded, Chen Mo's face darkened.
All the top leaders of Nancy's faction trembled with fear.
Then he forced a smile and clapped along with Chen Mo.
"Joseph, it's time to vote."
Chen Mo sat down calmly, took out a cigarette and lit it.
Donald wanted to remind Chen Mo that smoking was not allowed here.
But when he turned his head and looked at Joseph, who looked respectful and even a little admiring, and Nancy, who looked pale and decadent, he decisively chose to shut up.
I'm afraid that Chen Mo will poop directly on the conference table now, and Joseph and Nancy will have to praise Chen Mo for his good stomach!
“Now, let’s vote on the “trap” plan!
Please cast your precious vote on whether you agree with the trap plan! ! ! "
Joseph's voice seemed much louder, and he was not affected at all by the previous diarrhea incident.
As soon as the voting began, the network that had just been blocked became unblocked.
The media can also broadcast live.
It seems particularly fair and just.
The voting this time was much faster than before.
“Voting results: 402 votes in favor, 23 votes against, and 12 abstentions!
The trap plan is officially approved! ! ! ! "
Joseph announced proudly.
Nancy's face looked extremely ugly.
Before leaving, she wanted to say a few words to Chen Mo.
As soon as he came over, Chen Mo said, "If you want to mess with me, there are only two ways.
1. Go to your superiors to complain about me and let them deal with me.
Second, just bring people to arrest me!
If you can't do that, get out of my sight right now!"
Go to the higher-ups to complain about Chen Mo?
After the conflict of ideas with his superiors, he did not do anything to Chen Mo, but just tried to persuade him to be obedient.
How could they possibly deal with Chen Mo for a foreigner like me who has nothing to do with him?
Catch Chen Mo?
Please, the current emperor is Joseph!
Even if she became the emperor, Nancy would never dare to touch Chen Mo!
Chen Mo is still one of the Five Elder Stars of Da Xia. With this identity, Nancy cannot touch him.
It’s a pity that Chen Mo didn’t immigrate.
If Chen Mo immigrates here, Nancy will make sure he is in big trouble!
"Humph!"
Nancy snorted unwillingly and turned away.
After the TARP plan was officially passed, the stock market of the hegemonic country rose accordingly.
The restless short sellers from various countries were all frightened and stopped after hearing that Chen Mo had intervened this time.
Then Chen Mo quickly convened a meeting of the nine largest banks in the country.
“I proposed the TRAP plan and took the lead in promoting it.
Does anyone have any comments?
Chen Mo asked calmly in front of the heads of nine banks.
Any comments?
Who the hell dares to object!
Even the leader of Nancy's faction was directly threatened financially by you!
Even Emperor Joseph has to ask you, Chen Mo, to do things for him!
These little Karamis can only nod their heads!
"No comment."
"Mr. Chen, just give your instructions."
"..."
Everyone expressed their opinions one after another.
"okay."
Chen Mo announced the official capital injection plan.
The recipients of the capital injection included Wells Fargo and Chase, which had very healthy asset conditions, as well as the dying Flagship Bank.
The head of Wells Fargo was very puzzled and said: "A piece of shit can kill the honey."
"Mr. Chen, I have some questions to ask you."
Chen Mo raised his hand: "Let go."
A Wells Fargo official said: "Wells Fargo has never done any MBS or CDO business. Our financial situation is extremely healthy. Why do we need a capital injection?"
Chen Mo explained: "If you inject capital into a single bank, the market will immediately pick up the signal.
That means the bank is on the verge of collapse and must rely on official assistance to survive.
The short sellers will use CDs to smash the bank into pieces."
“But if the nine major banks inject capital together, this won’t happen.
understand? "
All the responsible persons suddenly realized what was going on.
After Chen Mo's unilateral "negotiation", the nine major banks readily accepted the official capital injection plan.
“The interest rate on government-injected funds was 5% in the first five years, rising to 5% after five years.
Banks need to use these funds to actively lend in the market.
Promote investment and revitalize the economy."
"Of course, as a concession, the hegemonic government will not impose restrictions on bank salaries and golden parachute systems."
Chen Mo said slowly.
A golden parachute refers to the generous financial protection given to senior management of a company after they lose their original jobs.
“Gold” means generous compensation, and “parachute” means that executives can avoid the impact of changes in company control and achieve a smooth transition.
This strategy of bleeding the acquirer is a form of anti-takeover "poison pill" planning. The principle can be extended to include various types of severance pay for managers, including stock options, bonuses, and severance pay.
Now that Chen Mo has promised not to impose restrictions on salaries and the golden parachute system, banks will have greater autonomy and can go all out.
Except for the nine major banks.
Chen Mo also injected capital into the nationalized AIG and the shaky General Motors.
The TRAP program he leads is working at full capacity to inject liquidity into the market.
The trap plan can probably solve 48% of the Flower Street crisis - 48% of the MBS market share.
The remaining 52% is all in the real estate market.
Because Chen Mo had previously publicized the news of his house purchase, a lot of capital has begun to repurchase Baguo real estate in recent days.
This problem has also been half solved.
But Chen Mo wanted to solve the problem as quickly as possible, so starting from the third article of the Trap plan, Chen Mo, on behalf of the official Hegemony State, announced the direct purchase of the bonds of the two housing agencies.
This way, the two housing agencies will have money to pay the interest on the bonds to market investors.
In addition to giants like Daxia officials, the market investors of the two housing agencies also include giants in Huaer Street and nursing homes across the country, involving all aspects of economic activities in the country's food, clothing, housing and transportation.
Chen Mo took one strong dose after another and spent 4 trillion yuan in just a few days!
The real estate industry is finally starting to return to normal.
Once the problems with MBS and CDO are resolved, the core of the financial crisis will be resolved.
Chen Mo also asked Joseph to lower the interest rate to as close to 0 as possible, so that the cost of borrowing money from the bank is almost zero, and there is no return on depositing money in the bank.
As a result, with the recovery of the market economy, capital finally began to borrow and invest on a large scale, and consumption was greatly stimulated.
At the same time, Chen Mo also asked Joseph to change the mortgage interest rate.
Allow those who have stopped paying their high-interest mortgages to replace them with extremely low-interest mortgages.
Low-interest mortgages have encouraged new customers to buy homes.
It is only a matter of time before the real estate market recovers.
With the advancement of the trap plan and Chen Mo's various arrangements, the economy of the hegemonic country recovered at a speed visible to the naked eye.
That day, Chen Mo found Joseph and said, "I have almost solved the financial crisis for you. The rest is just a matter of time."
