Rebirth 79: I opened a bank in the United States

Chapter 965
"Chemical Bank announced that it will increase [-] million US dollars of preferential securities loans for securities brokers, respond to the federal call, and provide sufficient liquidity support for the majority of shareholders."

"Following Chemical Bank's announcement to increase special loans, U.S. Bank, Citibank, and Mellon Bank successively announced the provision of special securities loans ranging from US$2 million to US$8 million. 29 reappears!"

"Mr. James Baker, Minister of the Treasury, said that the performance of the U.S. stock market today does not match the performance of the U.S. economic development. In an environment where the balance of payments structure is improving and employment is increasing, there is no opportunity for a sharp drop. Looking back yesterday, in the stock market Before the dive, there was no bad news, it’s time to stop the overly pessimistic mood.”

Before Carter fell asleep again, the news was rolling on the TV screen
And the stock market, also under this series of actions, is rapidly improving.

650 large and small companies have successively announced that they will use working capital to repurchase stocks; coupled with Carter’s large purchase orders and price increases for acquisitions, and major commercial banks have opened special loan channels and lowered interest rates, market confidence has gradually recovered. .

When Carter woke up again, at the close of trading yesterday, the Dow Jones Index, which fell to 1738 points, had risen back to 1915 points, an increase of 176 points.
Due to the faster action, when the price rose to a reasonable range, Carter's liquidation was also successfully completed
The 825 billion open position hit this sharp drop.When the stock price generally falls by more than 30%, the theoretical liquidation only needs 552.75 billion US dollars, plus three months of interest
"Remove the interest fee, Carter, it's paid! It's paid! It's really paid!!!"

Rao Goodman thinks that he is used to strong winds and waves, and he is also a bank manager who manages billions of dollars, and his words are trembling this time
“去掉60亿用于发放同业拆借的钱款外，剩下的钱我们拿到了通用电气9.84%的股权；运通吃下了8.87%；波音拿到了11.2%，西屋电气24%，英特尔、AMD都拿到了超过20%的股权.”

"Except for American Express and Westinghouse Electric, we are now basically the largest shareholder of the rest of the companies."

Come on, don't say that Goodman is dizzy, when Carter heard this information, he felt a little dizzy
Even if you put aside these future earnings on stocks, or in other words, the earnings generated through equity linkage, just talking about cash
If $60 billion is thrown out, even at an annualized interest rate of 4%, the annual interest income will be $2.4 million.Cash cow, add one more.
Even at this moment, Carter had a plan to retire!

Life is no longer fun!
"Okay, I see! Now, is everything in New York over?"

Carter admitted that he was a vulgar person. When he made a lot of money at one time, his first reaction was to throw out coins in a venting style!

"Bring everyone back, during this period, everyone has worked hard these few months! For the rest of the time, one week, team building outings, one week of paid vacation! Oh, no, there is one more thing. In this way, you first put Make the public report and bring it to me, and I will hand it over to the SEC directly, and then play around! As for the addition of director candidates, we will talk about it later!"

"They will be very happy to know the news!"

"Oh, Shet! Carter, can you restrain yourself and turn off the music first! Did you forget that your vacation is over now and you are now at work?!"

When a chartered cruise ship sailed into the Atlantic Ocean, Carter suddenly received a call from the White House.

By this time, it was already October 10.
The restraint in Old Bu's mouth, Carter understood what he meant.When the time came to this day, the turmoil in the stock market had gradually subsided
The major indexes are steadily returning to their normal range, and when they are overheated, such as today, there has also been a wave of small declines.In conclusion, defoaming has been completed.
Regardless of whether it is hard or hard this time, what impact will the "landing" of whether it is soft or soft will have in the future.At the moment, the Black Flag Commercial Bank is an instant hit!

In the SEC’s public documents, National Bank, which has jumped to become the largest shareholder of well-known large American companies including General Electric, Chrysler, etc., together with the “Pillar in the Stock Market Crash” in the Fox report: Relying on the power of one family to pay for major banks The Black Flag National Bank that provided the loan".

In an instant, the Black Flag Commercial Bank walked in front of everyone.
The black flag national bank that even the branch business hall is full of paint smell, even after some people went there admiringly, found that it was closed and closed, which instantly aroused everyone's curiosity.
"You should know that your income this time is enough to make many people jealous. Now many people say that our federal government opened the back door for you. At this time, you are not keeping a low profile and playing so recklessly. You want to attract Public outrage?! Come back quickly, there are still problems to be solved!"

"I'm fine, I'll be right back!"

A basin of cold water poured down on the head.

Carter also realized that what he did was indeed a bit hateful.

Most people are having a hard time at this time, but I am singing and dancing here.
After telling Goodman to continue leading the crowd, Carter called a helicopter and rushed back to Washington overnight.

When I returned to the White House this time, the atmosphere was completely different.
Compared with before, it looks relaxed, but compared with the days on the cruise ship, it seems a bit depressing.

Discussion on the causes of the stock market crash, and what kind of prevention mechanism should be developed in the future, this meeting
It stands to reason that I seem to have a reason to participate, but there is no need to participate much!

But as he listened, Carter gradually noticed some problems that he didn't pay much attention to before.For example, in the discussion of the causes of the stock market crash, the "program trading theory" that was put forward aroused Carter's interest.

The so-called program trading led to the stock market crash. Simply put, with the popularization of computer applications, stock trading has become more and more dependent on computer programs.Quite a few people will design a buying and selling program in advance and set the profit and loss line in the program.

When the stock price rises or falls to an expected threshold, the computer program will automatically place a sell order, take profit or stop loss; and vice versa
As a result, when the stock price falls to touch the selling threshold, the computer automatically places a sell order.The reaction speed of the computer is always faster than that of the human, which leads to a large number of sell orders
And the excessively large sell order makes it impossible to sell at this price from the perspective of the program.Then, the price reduction is automatically operated
Then, a vicious circle is formed, which rapidly promotes the collapse of the stock market.
Even among them, there have been cases where the computer system cannot handle a large number of requests.The more unable to process those orders, the more the price reaction will drop, and eventually the snowball will get bigger and bigger!

Recalling my own experience, including the benefits that completely exceeded expectations, indeed, Carter is the beneficiary of this trading model.But after this incident, this kind of opportunity became a swan song.
The fuse mechanism has appeared!

(End of this chapter)