Reinventing the Millennium.

Chapter 768 Launching into the Water (Two in One)

The communication in the Rockets arena was pleasant and relaxed. Fang Zhuo, Geithner and Jermaine O'Neill met informally today, and tomorrow there will be an exchange of basketball culture construction that invites the media to film congressmen.

As a member of parliament, Xiao Ao is keen to promote his image, and if he can combine it with his hobbies, it is even more sincere.

When it was time for dinner, Fang Zhuo held a small banquet and invited the local municipal government to accompany him. The atmosphere was quite pleasant.

The Rockets have held a championship parade in Houston for two consecutive years. This result has driven home attendance and increased consumption, making the local municipal government very fond of it.

The team is also very attentive in the construction of community culture.

Compared with the stingy former boss Alexander, Fang Zhuo is more generous in the use of the team's funds. He doesn't need to do anything himself, as long as the money can be solved, he can do good things.

The communities, streets, street lights, graffiti, and signs near the arena have all added elements of the Rockets, and the surrounding street courts have also been sponsored and repaired.

It is worth mentioning that after defending the title this year, the team is trying to push the city to widen the road to the home court, so that the fans watching the game will not affect the atmosphere of the home court due to congested traffic.

Xiao Ao listened with great interest to these team culture constructions at the dinner table.

Finally, at the end of the dinner, he said with some emotion: "If I don't go into politics in the future, I really want to be the owner of a football team."

However, from Fang Zhuo's point of view, this matter probably won't happen.

Xiao Ao's starting point is a bit low, and his family can only be considered middle-class now. With memoirs, speeches and other things, he can definitely earn his due share of money, but the money cannot be exaggerated enough to buy a team.

It's still more cost-effective for those bosses who have their own foundations, and a small move can magnify the wealth of a large base.

The dinner is over, and the guests and hosts enjoy themselves.

Xiao Ao and Geithner stayed at the hotel, and Fang Zhuo drove back to the villa after making an appointment to meet the next day.

Zhao Zhishan personally acted as Mr. Fang's driver. Except for a domestically retired security assistant who followed him, everyone else was in the car behind.

"Xiao Zhao, sort out Geithner's information in detail and give it to me tomorrow morning."

"How could he have a personal relationship with Xiao Ao?"

"The two seem to be very familiar, it's not a relationship of meeting once or twice."

Fang Zhuo has been wondering about this matter today, but he has no time to investigate it carefully.

The information provided by Zhao Zhishan before was all about his contact in Illinois, which was related to Xiao Ao, but Geithner was an unexpected figure. Fortunately, he was relatively familiar with some people in New York, so he made a connection between big and small. , be regarded as completing a small exchange.

The MIGA Fund will not directly set up positions, but will sponsor the establishment of an independent economic research institution, so that it is convenient for people like Xiao Sa to take up positions and gain some platform power.

Only when there are comings and goings can the relationship be deep.

As long as Xiao Sa is willing to take the position, the investment in the big short can bring him a share.

Today, Geithner will not invest alone, and will use profits to attract people in this department to sell.

After all, although Mr. Sa came from an economic family and is an economist himself, if he really wants to apply what he has learned to use theory to verify the market, he may lose his pants.

If you want to make big money, let the professionals do it.

But when professionals come, it is to drag a series of people into the water.

Zhao Zhishan responded, and said after a few seconds: "Mr. Fang, there is something that may be handled by the team."

Fang Zhuo motioned for her to continue.

"Michelle, the wife of Congressman Xiaoao, and her brother is Craig Robinson. I heard that the relationship between the two brothers and sisters is very good." Zhao Zhishanhui reported, "Robinson was the core forward of the team when he was studying at Princeton University. Two-time Ivy League player of the year, NBA draft, he went to Morgan, but he left banking to coach in college."

"Now, he is the team coach of Brown University, and he also opened up a column writing for ESPN, and often writes about the NCAA in the college league."

"If the latest news is correct, Robinson was looking for an NBA job but didn't get the chance."

Fang Zhuo was slightly taken aback, and then he took care of the news: "Is Xiao Ao's uncle a basketball player?"

This is really a relative.

Zhao Zhishan nodded, that is to say, seeing Mr. Fang's attitude towards Xiao Ao with his own eyes today, only then did he collect more behind-the-scenes information. Before that, it was all about the situation of the members.

As the fifth black U.S. senator in U.S. history, there are many details behind this divinely assisted man worth exploring.

Fang Zhuo thought for a moment, and said: "The NBA is building a development league now, and the team management thinks that there is no need to participate in this now. In this case, then hire Robinson to be in charge of the Rockets' development league construction. Well, his experience is probably not good enough. Come and be a deputy general manager or something similar."

The NBA is doing the NBDL, a secondary league. There are currently only 14 teams, and only the Spurs and the Lakers have secondary teams in the league.

The Rockets are not too keen on this this year. The team management is paying close attention to player reinforcements and is going all out to sprint for a new honor in team history.

Witnessing once again that the boss attaches great importance to Mr. Xiao Ao, Zhao Zhishan nodded and agreed to this matter.

Fang Zhuo reviewed today's situation, put down the car window, looked at the night scene, and considered developing a close and rewarding social relationship because of basketball.

After a long time, he said lightly: "I love basketball."

Zhao Zhishan pursed his lips. A score of 1 is love, and a score of 100 is also love. How can the boss get a passing score... right?

The next day, President Geithner did not participate in any public activities, but Senator Jerome Jr. communicated with the Rockets champions under the camera of the media. Nash and Yao Ming were still in Houston, and Carter had already gone on vacation.

Because of Yao Ming's potential injury, the team's medical team needs to spend more time helping to investigate and make vacation plans. He is expected to stay in Houston until early July before returning home.

Xiao Ao's smile was bright and charming under the camera. He had friendly exchanges with the players and the arranged community children, and his personal charm seemed to be no problem.

Fang Zhuo didn't like shots of this nature very much, and tried to avoid being in the same frame as much as possible, but he received a message from Geithner around noon.

Teacher Xiao Sa agreed to the invitation to take up the post.

He will serve as the chief consultant of the "New York Economic and Social Development Research". The specific work content...helps spend the budget, talks to the financial media about his views on economic development and financial markets, and publishes an annual report every year.

At the same time, some researchers from Harvard will fill the positions.

Fang Zhuo was very happy about this, and asked Zhao Zhishan to find someone to quickly register the "New York Economic and Social Development Research", and also to find a sufficiently wealthy office space - Teacher Xiao Sa probably came only a few times a year, and reserved it for the researchers to sit down Just sit down.

In the afternoon, Geithner sent new news.

This time, it increased the investment funds.

Originally, Geithner's investment figure was 1957 million US dollars including the profits after the settlement.

A day later, as Mr. Sa readily accepted the invitation, the figure grew to 2500 million US dollars.

Fang Zhuo saw what this meant, and guessed that Geithner might have chatted with Mr. Sa about his investment returns, and before he could drag Mr. Sa into the water, he would take the initiative to put money into the fund.

People are all the same when it comes to profits, but some need to be more decent.

Fang Zhuo was very clear this time, talking about the investment strategy that might focus on CDS, but he gave a certain guarantee of confidence.

Geithner has no worries about this rich man with teams, villas, and companies here. I believe it comes from MIGA Fund's judgment on the prospects of some CDS contracts.

And, he also provided a warning message.

The Federal Reserve Bank of New York has noticed Deutsche Bank’s active behavior in the CDO market. According to observations, Deutsche Bank is already a major player in the financial derivatives market, and the relevant information is less disclosed.

In addition, Deutsche Bank executive Thomas Fisher, who was previously in charge of risk control and operations on the Deutsche Bank's management board, has left.

In other words, there are likely to be some problems with the internal risk control of Deutsche Bank.

According to Geithner, Thomas Fisher was swept out by the CEO of Deutsche Bank, with the purpose of weakening the checks and balances of risk management and control, so as to liberate the investment banking department to establish various high-risk positions.

I don't know if there will be problems with this approach, but the New York Fed has already set its sights on Deutsche Bank.

Unlike Goldman Sachs, which has a referee of its own, Deutsche Bank, a German bank, is a bit too efficient in New York.

After reading the warning from Geithner, Fang Zhuo considered whether to change to a more confidential mobile phone.

Is this... can this be said?

Should...it should be fine, right?
Fang Zhuo did know Deutsche Bank’s enthusiasm for the CDO market, because MIGA also received orders from Deutsche Bank after helping Bank of Washington to ship goods, but he really didn’t know or realize that Deutsche Bank was being watched by the local regulatory authorities.

If something goes wrong in the CDO market, Deutsche Bank will face a very high risk of legal proceedings.

Something happened to the CDO market, of course.

Has Deutsche Bank been sued?
Fang Zhuo really didn't know about this, but he quickly ordered the MIGA Fund to end the relevant cooperation with Deutsche Bank.

Zhao Zhishan, as the handler, asked a worried question: "Since the New York Fed is judging risks and has noticed Deutsche Bank, it must have also noticed Goldman Sachs, Bank of Washington, and possibly us. Investment, will MIGA also face higher than expected legal risks?"

MIGA Fund was only a dealer at first, but after witnessing the actions of other companies, it also tried to upgrade to a manufacturer, and the profit was not bad.

"So, didn't this accept Geithner's investment and also brought a reminder? Don't worry too much. Since Geithner has given a warning, even if it faces other regulatory agencies in the future, there is still room for mediation. The most important thing is Cut it in time." Fang Zhuo thought of this level when he received Geithner's news, and his mood was very stable.

It stands to reason that as long as the MIGA fund does not want to earn the last copper plate, the legal risk will be greatly reduced.

However, even though Fang Zhuo responded to Zhao Zhishan's concerns in this way, he still mentioned the matter of investment with Xiao Ao after the trip to Houston.

If you don't do anything, let Xiao Ao come in first.

"My annual salary is 15.8 yuan a year, and I am the poorest person in the Senate." Xiao Ao declined politely, "This is not up to the investment threshold of funds like yours, so I won't participate."

Fang Zhuo took Geithner as an example nonchalantly: "The operation of the fund is normal, otherwise Geithner is the president of the New York Fed, can he invest in funds with risks?"

Geithner didn't come to Houston this time to accompany Xiao Ao, but just happened to be in Texas because of the banking system, so they showed up together to settle some personal investment matters.

Hearing Geithner's name, Xiao Ao thought about what he had seen and heard in the arena on the first day, hesitated for a while, and then agreed, and decided to invest a salary of one and a half years, earning money to support his family in a serious manner.

The operation of the MIGA fund is very formal, and participating in the CDO market is also in compliance with laws and regulations, and will never harm customers.

Now it is just for fear of settling accounts after the fall and reducing related risks. If the regulatory authorities see unexpected chicken feathers and want to cut the meat one by one, there will naturally be referees on stage to help stop the digging.

After sending Xiao Ao away, Geithner will continue his business trip with the bank system according to his wishes, so there is no need to meet.

Fang Zhuo was sitting in the car on the return journey. After dealing with this matter, he was still a little excited when he thought about the future of these two people who had arrived in a few years. This is a big shot, right?
However, this incident also reminded me that when I return to New York, it is necessary to participate in some celebrity banquets and bring everyone together to make money. Anyway, for the big short Paulson, he will only worry about the lack of money, not too much money.

Just as Fang Zhuo had another dinner with Yao Ming and was about to fly to Silicon Valley, he received a call from Robinson.

Although Robinson is the coach of the team just signed by Brown University, he did not hesitate to express his longing for the NBA when he received inquiries from the championship team.

Not to mention the defending champion team this year, even if it is a bottom team, he is willing to join it.

"Robinson, this is an opportunity to work on the biggest stage in the basketball industry. The Rockets are impacting their memorable history. I hope you will realize the hard work behind this invitation and give it your utmost enthusiasm. Work hard." Fang Zhuo, the boss, gave an attitude in line with his identity.

Robinson was already a little incoherent with excitement. He once tried a professional player career in England, and he loves basketball from the bottom of his heart.

He repeatedly assured that he was competent for the job, and thanked his boss for his appreciation.

This is undoubtedly a recognition of oneself.

Otherwise, why can the Rockets issue an invitation?

By virtue of his own brother-in-law-chan?
He's in Illinois, not Texas.

The hard work has finally paid off, and the decades of enthusiasm have finally come to the moment of fulfillment.

Robinson shared his joy with family and friends.

Xiao Ao, who returned to Chicago, soon got the news. On the one hand, he was happy for his uncle, and on the other hand, he also felt that Mr. Fang was really...too considerate.

Basketball leads the line, cherish this relationship.

(End of this chapter)