Vol 6 Chapter 274: In charge

At this time, Paulson’s attitude towards Feng Yiping is undoubtedly better. If he had been "successful" and "supplied tea" before, he must have been upgraded to the level of "please sit down" and "shangxiang tea". .

In his current position, he has more rights than when he was in charge of Goldman Sachs, and because of this, more people asked him for help, but fewer people helped him than before.

There are many people who ask him for help. This is naturally easy to understand. Think about how well we know the head of the financial department from the township level.

There are few people helping him, which is also easy to understand.

When he led Goldman Sachs, as long as he talked to people, many people would definitely sell his face, or in other words, sell the face of Goldman Sachs behind him.

Because of the related favors, you can get it back from Goldman Sachs in the future.

But it is different now.

Behind Paulson is the U.S. government now. Can you still expect the U.S. government to pay back your favor?

What's more, political officials like Paulson (there are two types of civil servants in the United States. Administrative officials refer to civil servants who have passed political appointments; clerks are similar to civil servants who passed the national examination). After the change of government, he became a commoner. One, such as Paulson, will leave after the new government takes office in 2009.

At that time, he had no influence on the government at all, and it was unrealistic to expect him to pay back the favor.

Therefore, those who find him now, whether they are colleagues and friends on Wall Street, or the person in charge of the affected company because of the current subprime mortgage crisis, find him either for money, preferential treatment, or hope to pass him. Power to influence the progress of some things.

For example, the companies on Wall Street that hold Feng Yiping's credit default swap agreement in their hands hope to pressure Feng Yiping through Paulson, hoping to pay as little as possible or even not to pay them during settlement in the future. Deserved income.

Such a request also blocked Paulson’s mouth, "Stop thinking about letting us raise money to prepare to rescue the market or to rescue other colleagues. Our life is also very sad, and it is almost impossible to sustain it. "

Feng Yiping's statement, and the financial support of more than US$20 billion symbolized by this statement, is really the rare good news he has recently heard.

However, there is always another knot in his heart, and that knot has a greater impact, or in other words, it may be fatal.

He looked at Feng Yiping, "Feng, I have another question."

Feng Yiping stretched out his hand, "Minister please say,"

"Feng, you must know that, in addition to holding trillions of dollars in reserves, your country has also invested in many American companies over the years, some of which are related to real estate."

"Of course, this number is actually very impressive in terms of total amount,"

"If in this process, related assets are sold off, the direct and indirect negative effects that this will bring..."

Feng Yiping interrupted him, "Sorry, Mr. Minister, shouldn't you talk to relevant officials in our country for these questions?"

Feng Yiping thought that Paulson's concern should be that when the US economic situation further deteriorates, the country will sell some assets that are closely related to the crisis, such as Freddie Mac and Fannie Mae.

When the yields of U.S. Treasury bonds, relatively speaking, gradually become less attractive, countries with large foreign exchange reserves will naturally look for a better direction. To a certain extent, even without the guarantee of the U.S. government, they are actually The "two houses" of the United States, which represents the credibility of the United States, has become a good choice.

Foreign investors hold a large number of US two real estate bonds, of which 75 billion US dollars in Russia, more than 800 billion US dollars in Asia, and among the 800 billion US dollars in Asia, China holds the highest share.

If the momentum is not right and China and Russia sell their two-bedroom bonds, then Paulson is really afraid of the consequences...

Paulson said half a sentence, "Feng, you know, the promise of a politician,"

What he actually wants to say is that it is not convenient to discuss these issues with Chinese officials because the performance of the two houses is still good.

Negotiating with them at this time may be equivalent to reminding them to sell related assets now.

Feng Yiping thought for a while, "Politician...I don't understand,"

Paulson said in his heart, who are you lie to? When you reach your level, you still don't know politicians.

"But regarding our country, I want to say that we have always been a responsible country in terms of global affairs,"

"In this regard, there is actually evidence to follow,"

"I think Mr. Minister should have an impression of the Asian financial crisis at the end of the last century. During that crisis, our country gave full play to its role as a major power. In the case of the collective devaluation of Asian currencies, we were able to overcome the enormous difficulties we faced. Insist on not devaluing the renminbi,"

"This has provided rare and powerful help for the economic recovery of those countries that have suffered from the crisis, and for the recovery of the Asian economy,"

"It should be said that our country is credible, responsible, and will not betray one's faith, but will give charity in need of help,"

After hearing Feng Yiping's words, Paulson looked complicated.

He really wanted to say something.

He is naturally familiar with the 1997 financial crisis, so he knew very well that China’s promise at the time that the renminbi would not depreciate was naturally not just out of the responsibility of a major power.

Some experts have analyzed the overall loss caused by the devaluation and non-devaluation of China's renminbi under the circumstances at the time. The final conclusion is that the loss caused by the non-devaluation will be less than the loss caused by the devaluation.

Although the analysis of experts is not very reliable, some of their views are still very insightful.

The renminbi does not depreciate. Although it objectively increases the difficulty of exporting Chinese products, it also brings other benefits.

For example, the Chinese government had nearly 150 billion U.S. dollars in long-term and short-term foreign debts. The devaluation of the renminbi will greatly increase the burden of debt repayment.

The devaluation of the renminbi will not effectively promote China’s exports, because the currencies of Southeast Asian countries have depreciated too much. Even if the renminbi depreciates, the prices of export products will still be higher than those of Southeast Asian countries.

At the same time, from the perspective of the external environment, there was no devaluation condition for the RMB at that time.

Since 1994, China’s huge surplus in international trade has long dissatisfied the United States and Europe. Many countries have imposed punitive tariffs and quota restrictions on China’s exports through dumping practices.

The United States and Europe feel that the renminbi is undervalued. Are you still depreciating?

That will worsen China's international trade environment.

But in any case, China’s promise at the time was indeed a positive move.

Besides, at this time, he can't say that the decision has nothing to do with any responsibility or responsibility.

"Mr. Minister, I can at least tell you that, on behalf of the U.S. government, you promised that China’s related investment will not become waste paper because of this crisis. I think the promise made by our country’s officials should allow You are at ease, but also guaranteed,"

"When a friend is facing a difficult situation, we can still focus on the long-term and don't care about short-term losses,"

These two sentences ~www.wuxiaspot.com~ actually convinced Paulson.

He has contacted many officials in China. Although the two sides will not agree on many issues, they can indeed set an example when dealing with some global issues.

Among them, they naturally also need to improve their international reputation, but in general, when they are responsible, they can indeed be responsible.

In this respect, the young man in front of him is really in agreement with his country.

Paulson pressed the phone and asked the secretary to bring Feng Yiping a few bottles of water. The secretary whispered a few words in his ear, and Paulson immediately said, "Except for the phone in the Oval Office, all others will not be answered."

"Yes, sir," the secretary smiled at Feng Yiping and walked out quietly.

Paulson sat next to Feng Yiping, "Feng, about saving the market..."

Outside, as soon as Secretary Paulson returned to his seat, the phone on the table rang. He only listened to the beginning, and immediately said, "Sorry, Mr. Minister will not answer any calls for the time being. If you have any questions, I can tell them on your behalf. ,"

Finally, Lawrence Fink personally called. He didn't listen to the rhetoric of Secretary Paulson, and asked straightforwardly, "I am Fink, is Feng Yiping still in the minister's office?"

The secretary’s answer was somewhat irrelevant to his question. "Sorry, Mr. Fink, the minister is currently holding an important meeting."

Lawrence Fink put down the phone, his face solemn.

There was no denial over there, that is, the news I received was accurate, Paulson, still in talks with Feng Yiping

This has been close to two hours.

This is not a good sign.

In his heart, at this moment, it was like the crowded street downstairs, panicking.

Please remember the domain name of this book:. Mobile version reading URL: m. (Rebirth 92: Business Tycoon mobile version reading)