Vol 6 Chapter 272: Nothing to say
Feng Yiping was taken aback. He just started to talk about subprime mortgages. Now you want to talk about my investment. Can we finish talking about a topic first? Can we not always turn it so badly?
Seeing Feng Yiping's dumb expression, Paulson was a little proud.
He didn't know why Feng Yiping was surprised, but he was certainly not surprised that he knew his fund.
Because Feng Yiping must know that for a Treasury secretary who was born as a core figure on Wall Street like him, that kind of news must be hidden from him.
Of course, this is also a relatively private and sensitive issue, but Feng Yiping will definitely have an estimate about this. He must know that this will definitely be one of the topics that must be discussed in today's meeting.
So, why is he surprised?
But no matter what he was surprised, Paulson felt proud, because that meant that he asked this question at this time, which was beyond his expectation.
What I want is beyond your expectation.
"I made such a decision not only based on my judgment, but more importantly, because of Wall Street's greed,"
After hearing Feng Yiping's words, Paulson, who was a little proud just now, was no longer proud.
Although he is now the Minister of Finance, he has become famous on Wall Street and risen on Wall Street after all. Feng Yiping is in front of him and makes such an evaluation of Wall Street. It is a bit of pointing at the monk to curse bald men.
But Feng Yiping hasn't finished speaking yet, "And, their stupidity!"
Greedy and stupid!
In Paulson's heart, anger was steaming.
But Feng Yiping followed up and said, "If it wasn't for their greed and stupidity, how could there be such a bad situation today? Don't you think so, Mr. Minister?"
"Oh," Paulson picked up the coffee, "You are right,"
In order to refresh his mind, he drank almost original coffee with a bitter taste.
But what is even more bitter is his heart. He is now the Minister of Finance. Facing a problem like Feng Yiping, can he still deny it?
It’s just that, this affirmation, it seems that there is always a suspicion of putting yourself in the greedy and stupid group.
But, what else can we do?
He knew better than anyone that the source of this crisis was Wall Street.
The instigators of this crisis are those idiots on Wall Street who only care about making money but never take a serious look at the products they sell.
"There is one more important one. I always feel that unlike Mr. Minister, many people on Wall Street now really regard themselves as the masters of the economic field."
When he said this, Feng Yiping remembered the Wall Street companies that were planning to calculate themselves.
Do you think you are the master?
I bother!
"So, probably they no longer have the concept of risk control,"
"I even doubt that the risk control departments of many Wall Street companies no longer exist now,"
"Speaking of which, greed and stupidity, plus risk management, any one of these three aspects, as long as they can be controlled to some extent like all other companies,"
"Or, we don't even talk about control. As long as they can pay some attention to it, I just have an accurate view of the development of the market, then there is no such investment opportunity,"
"Because no one will pick up my order at all,"
Regarding this, Paulson really regretted his misfortune for his former colleagues, Goldman Sachs, who also took over Feng Yiping's orders and former colleagues.
When it looks like someone is sending money to the door, can you hesitate a little and think about why?
Just thinking about a simple question, there is such a stupid person, how can he manage such a large amount of funds?
hundreds of millions of funds, if it is really as stupid as you think, not only will he not earn it, he will not even be able to raise it.
They are not only greedy and stupid, not only have no concept of risk control, but also self-righteous, arrogant and lawless. They all come from prestigious schools, and they are top students in prestigious schools, and they also have high salaries that ordinary people can’t match. I thought everyone else was stupid.
"As for their headaches, I think it doesn't exist like their reason and wisdom," Feng Yiping no longer leaned on the sofa casually.
He took the mineral water bottle and sat up upright, his body was still a little forward, which obviously showed his serious attitude.
"A transaction of this amount is indeed a headache for most companies, but it will never include these companies on Wall Street,"
"I believe Mr. Minister, you will know better than me. On Wall Street, we have a fund of only 4 billion yuan, what counts?"
"On Wall Street, billions of transactions, what counts?"
"I think, if it were not for the signing of the contract, they would receive a large monthly premium. I am afraid that those companies would not send a small amount of people to receive our people.
Paulson wants to say, but these lists of yours are at least several times the return, high, or even more than a hundred times the return, how can this not make people headache?
"Not only is our transaction amount not in their eyes, it is this return, what can it be?"
"They have invested in a project for nearly two years, and if there is only a tenfold return, they will not be satisfied, will they?"
Paulson was somewhat speechless again.
I said that he proposed to transfer Ali’s shares. Apart from Lao Ma’s statement, Ali’s listing seems to be very far away. Isn’t the return of investing in Ali looking down on it?
Actually, their return on investment is already higher than 10 times.
A project with a return on investment of more than a hundred times. Under his leadership, where is Goldman Sachs rare?
But the problem is that there are really not many projects that can invest 4 billion US dollars in a one-time investment and still achieve high returns.
But what can he say?
Is the investment amount large? Feng Yiping has already analyzed it, it's really not big.
High return on investment? Who of them has not been responsible for investment projects with high return on investment?
"When they can't invest on their own, a hundred times return is too low, but when we invest, several times the return is high,"
Paulson has nothing to say at all.
"You know, up to now, we have paid hundreds of millions of premiums,"
"It is impossible for them to welcome us when we invest. When we need to pay premiums, they will not allow any delay. When the current situation is indeed the same as we expected, they may pay the price. Sorry,"
"There is no such reason in the world, does it?"
"We often hear a joke like this, a man who is a multi-millionaire, handing over his wealth to Wall Street, a few years later, he successfully became a millionaire,"
"Those people, do they ask Wall Street for anything?"
"There are still so many people who have listened to the salesman's plan, mortgaged their real estate, and purchased securities issued by Wall Street. Now that they can't even keep their houses, do they ask Wall Street for anything?"
"None of ~www.wuxiaspot.com~ Regardless of whether they are not clear about the content of the agreement they signed at the beginning, they all chose to comply with the agreement,"
Paulson remembered his classmates who were deceived to have lost their houses and were about to lose their houses. Then, they might not even have a complete family.
"So, to put it bluntly, how can they have a headache? They are simply painful!"
"They just look at the current situation and treat them Brie, so they don't want to abide by the agreement. They just don't want to pay us the rewards that we should have in accordance with the agreement."
"But look, if the house price rises next, will they allow us not to pay the premium, or to pay less?"
That is naturally impossible.
"Hehe, Feng, I don't mean anything else, I just, congratulations on your good vision," Paulson said.
On Wall Street, someone called him and told him about Feng Yiping's fund.
There are also some heads of companies, including Goldman Sachs, who came to the door and talked to him about this issue. I hope he can help me in the middle.
He didn't make any promises about this, but he certainly felt that if the opportunity was right, he would definitely help Guan say something.
After all, in his heart, he must still lean towards Wall Street.
But when Feng Yiping said these things, how could he even be embarrassed to say those things?
"Another question, I am also very interested, why do you think that the crisis will eventually end in 2009?"
