Vol 6 Chapter 770: New trouble

As a successful Silicon Valley entrepreneur, Williams certainly must know Madoff.

Anyone in the securities circle knows Madoff, because he is not only the former chairman of Nasdaq, it can be said that it is because of him that Nasdaq has become a world-renowned stock exchange.

And Madoff is also one of the main makers of many securities-related laws and regulations in the United States.

In the securities and financial circles, he is a big-time figure behind the scenes, and his own investment and securities company has made him a well-known billionaire.

Williams knew him, but had never had a chance to know him before.

Such a person has reputation, status, wealth, he, fraud?

What is he doing badly?

This news sounds as incredible as "that old fellow Greenspan stole gold from the Fed's underground vault".

Williams hurriedly turned on the phone, "Are we talking about the same Madoff?"

"Yes, Evan, that's the Madoff." In addition to the unbelievable voice, the voice over there seemed to be more of pleasure and gloat.

"Did you see it," asked over there, "This is FBI Director Robert Miller, who just held a press conference to disclose it personally."

Williams opened his client, and there was another dead whale he didn't want to see (when Twitter is down, a few birds will appear on the page to drag a big whale, which is also called Twitter by users) Downtime whale, by the way, it was a work of a Chinese girl bought by Twitter), he turned on the TV annoyed, without having to choose a channel, "I saw it,"

He all saw the scene where Madoff was arrested by FBI agents. The gentleman in a trench coat with his head down was the Madoff he knew.

"Did you see the amount, my god, the amount involved is more than 60 billion U.S. dollars!" The technical director was still chatting to him with excitement, "Now, it's enough for the Wall Street guys to drink a pot, hehe Evan , You may not know that Madoff’s major customers are those banks."

"According to the information now disclosed, well-known banks in Europe and the United States have been defrauded the most. Other customers are mainly those rich in Palm Island. The unconfirmed news on the Internet is that there are no people with hundreds of millions of net worth and Madoff is not interested... …"

Williams interrupted him, "So this is because of the high concurrency caused by too many active users online at the same time?"

"Yes, Evan, it is those users who are like you who don't trust me, enthusiastically spread this news through Twitter, and the downtime caused by...well, it has been fixed and is back online,"

"So this is a good thing, Evan, it shows that our product is more popular with everyone than before,"

Williams also accepted this explanation, but he looked at Facebook, "Why doesn't Facebook have such a problem?"

Since Feng Yiping allowed him to develop independently, Facebook is still their biggest competitor.

In other words, after he and Facebook actually belong to the same boss, he is even more reluctant to be compared by Facebook.

Over there complained, "You don't know how, how can our foundation compare with them?"

That is, Twitter’s funds have never been ample. Whether it’s bandwidth or servers, of course, it can’t be compared with Facebook, which had a good dad at the beginning. This is why their downtime whales are so famous-because they are always downtime. .

"If you give me another month, the big guys on Wall Street will be arrested at the same time, and our server will be able to withstand it. Think about how popular Madoff’s arrest is today, and you can imagine if it’s Goldman Sachs, Momo and Xiaomo. Those guys are arrested at the same time, how enthusiastic the people will be..."

Hearing that he couldn't help but gloat, Williams interrupted him, "I can imagine, I look forward to your good news,"

On TV, the hosts and guests also reported this news from all angles with a look of excitement. Whether it is on Twitter, Facebook, or Yahoo, this is the hot news currently occupying the headlines.

Most of the people's comments below are also gloating, saying that Wall Street and those rich people should jump their feet now, and the irony is that they have not suffered much from the previous crisis by creating such a sensational fraud. It was the celebrities on Wall Street who lost.

So this is real retribution!

It seems that the new government has not traced the source of the crisis and stated that it will not prosecute anyone on Wall Street. There are really big opinions.

At least, Madoff’s fraud case involved more than 60 billion U.S. dollars, which is comparable to the $50 billion investment recently announced by the boss.

…………

Peanut Tun.

Xiao Ohei was also lying on the table browsing social networks.

Speaking of which, he is really not free.

Many Americans can easily browse these social software with Apple mobile phones, but he can't. The security team currently does not allow him to use Apple mobile phones. After using the iPhone, BlackBerry is really hard for people to like.

Looking at the evaluation of this incident on social networks, he was very happy. He knew that because of such a pleasing move, in the next polling report he received, his approval rate would certainly have a certain degree. rise.

After sitting in the Oval Office for only more than 20 days, he has already felt tremendous pressure.

He thought to himself that he should be the most stressed president in recent decades, because before that, few presidents had to deal with both military and economic wars after taking office.

But I am.

The war, the Texas cowboy who represents oil capital, waged wars in Afghanistan and Iraq. Although it was said that they were victorious long ago, they are actually dragging the United States into a quagmire bigger than the Vietnam War.

The problem is that the wars in Afghanistan and Iraq, whether internationally or domestically, are very involved, and it is difficult to withdraw.

And he repeatedly promised during the election that he would withdraw "all American combat troops" from Iraq within 16 months of taking office. Now he knows clearly that this is a big hole he dug for himself.

On the economic side, it goes without saying that although the large domestic financial institutions have stabilized, the negative impact of the subprime mortgage crisis on the economy has not diminished in the slightest.

Not to mention the housing market and the stock market, the impact on the real economy has been beyond his imagination.

According to the information he received, as representatives of the US manufacturing industry, the two most well-known US automakers, General Motors and Ford, are still in a critical situation after a series of support from the previous government, including huge loans.

If ongoing negotiations with labor unions break down, two well-known representatives of American industry will most likely have to seek bankruptcy protection.

As the newly appointed president, that is a situation he is very unwilling to face.

As a politician who wants to make a difference, he doesn't care about pressure. What he is upset is that as a new president with great support, at the beginning of taking office, he wanted to do something, but he didn't get support.

In the past year or so, he has contacted a large number of people, and he is very clear about the opinions of the people on Wall Street. It can be said that the current populism is to bring down Wall Street.

But now, according to everyone's opinion, in order to stabilize the financial continuity and maintain this hard-won stability, he has to listen to their opinions and not consider holding Wall Street's responsibility in this crisis.

Since it is not easy to achieve results no matter whether it is war or the economy, after taking office, in order to make a breakthrough, he first prepared to promote the universal medical insurance that he promised to his supporters many times during the election.

But the progress of this work is also very unsatisfactory.

The Republican Party, let alone, is currently in the Senate and House of Representatives, with its own Democrats occupying the majority, but who ever thought that even his own party would not support the bill he wanted to promote.

Therefore, when Feng Yiping asked him, he responded very readily. Didn't he say that Wall Street could not be moved? I just moved.

However, after receiving another news, he was happy, frowned immediately, after thinking about it, he told his secretary, "Notify Buchanan to come and see me,"

…………

Half an hour later, Buchanan, the new head of the U.S. Small Business Administration, hurried to the White House. He was greeting the president’s secretary Katie, and someone opened the door of the Oval Office. The president was sitting behind the table and facing him. wave.

"Buchanan," Little Ohei picked up the jacket that was left on the sofa ~ www.wuxiaspot.com ~ we went out for a walk,"

As he walked along the porch toward the garden, Little O'Hai asked, "How do you feel when you arrive?"

Buchanan walked side by side with him, holding his hands, "but I just got acquainted with the situation, but in general, the pressure is very high."

One person gains the Tao, and the dog and the dog ascend to heaven. After the official election, how to properly arrange the people around him is a vital matter, because if it doesn't, it will be separated from the morals, and may stop at one term.

Among them, if arranging Buchanan, Ouhei took a lot of thought.

Needless to say, as one of the heroes of the campaign team, arrangements must be arranged, and no arrangement is absolutely impossible.

Ordinarily, Buchanan is of course best placed in the economic team, but whether it is the chairman of the Ministry of Commerce, the Ministry of Finance, the Chairman of the Economic Advisory Committee, the director of the National Economic Council, or the trade representative, he has encountered an unprecedented financial crisis in such a situation. At the time, Buchanan's resume was somewhat weak.

The Securities and Exchange Commission, the Futures Trading Commission, or the Federal Reserve Board are not bad, but they are really not very promising.

Later, he thought of the Small Business Administration.

He considered that although this position was at the back of the cabinet, it should still be very suitable for Buchanan's wishes. Sure enough, he mentioned that Buchanan also readily accepted it.

"Difficulties are inevitable," Xiao Ohei said, "but the work of your department is closely related to our economy. I believe that with your ability, you will be able to achieve results soon."

"I'll work hard, Mr. President," Buchanan said, and you called me over in a hurry and brought me to the garden. Is that what?

Xiao Ohei stood still on the lawn, "Because of Madoff's business, Congress has decided to let Feng come to the hearing."