Mediterranean hegemon
Chapter 22 Big Short (9,1000 monthly tickets plus more)
Alessandro's cold tone made the meeting room uneasy, and the relevant statement directly froze the meeting room.
"First, the Federal Reserve must publicly publish a written statement in the four major newspapers, The New York Times, The Christian Monitor, The Wall Street Journal, and The Washington Post, to apologize for interfering with the autonomous management rights of enterprises and promise not to repeat the same offense in the future. The relevant person in charge must resign;
Second, the United Bank will be closed for one day tomorrow for rectification and will open on time the day after tomorrow morning to deal with depositors' withdrawals. In order to maintain order and social stability, all branches of the United Bank will hire Blackwater Security Company to provide security services;
Third, after resuming business, if there is a real need, the United Bank will be open 24 hours a day to meet the requirements of depositors; to ensure fairness, each depositor You can only withdraw a maximum of $1,000 at a time. Please continue to queue for the amount exceeding the limit. The institution will handle it in the same way. United Bank will treat everyone equally. If the queue does not exist, the relevant limit will be automatically cancelled;
Fourth, except for withdrawals, United Bank will not handle other businesses during this period unless the queue disappears;
Fifth, as the controlling shareholder of United Bank, United Group will fully support the bank to the end. As a world-renowned multinational consortium, United Group will use the last dollar to be responsible to depositors and investors!
Sixth, please tell the press to each other and let the public not believe in rumors and spread them. United Bank has enough strength to maintain the stability of the financial system! "
Crazy! This is the only thought of everyone present.
Someone trembled and said, "United Bank is going to declare war on the Federal Reserve?"
Someone sneered, "Well, the president has put the muzzle of the gun to the Federal Reserve's forehead. He really dares to shoot!"
"Let me tell you, before the United Bank was acquired, it was under another name. It was said that it also threatened the president, but it was squeezed by the president and could not maintain it. In the end, it was acquired by the United Group... Look at the current posture of the United Group. Is it going to swallow up the Federal Reserve? If the president is not crazy, then the world must be crazy!"
"The statement has been read. Now it's time for free questions. This gentleman, please..."
"I am Donald, a reporter from the New York Times. I would like to ask President Francisco, how many billions of funds has the United Bank lent to areas outside the United States? If you don't withdraw it, how do you plan to deal with American depositors? Withdrawal requirements? If the relationship between United Bank and the Federal Reserve deteriorates, can it still get assistance from the Federal Reserve? "
"The specific amount is a commercial secret and cannot be disclosed. It should be more than 1 billion..." Francisco smiled slightly, "We must have a way to deal with the run. In fact, for United Bank, the depositors are customers, and the lenders are not customers? It is said that we should respect customers. If we really follow the Federal Reserve's requirements to withdraw loans, will United Bank have a future in the future? As for the Federal Reserve's assistance..."
Francisco's face became extremely cold: "I never expected these pig teammates to be of any help. I am thankful that they don't make trouble!"
The explosive remarks were one after another, and the reporters in the audience were very excited. After all, it was the United Group. They would never stop talking until they were shocked. The president was like this, and the president was also so hot-tempered. It really has personality!
Good news! Why didn't I see it before?
"I'm a reporter for The Washington Post. If we don't withdraw loans, but have to deal with depositors' runs, how can we strike a balance?"
"This question is a little complicated. Generally speaking, the bank will adopt three strategies: first, use existing funds; second, seek help from the United Group; third, borrow from the American banking circle; fourth, borrow from the European banking circle... Don't forget that the Union Bank is the largest bank in Italy and the fifth largest bank in Europe, and the Union Group is the largest comprehensive group in Europe. The president has expressed to President Hoover that he will do his best to help the Union Bank through the crisis. To show his seriousness, the president will work at the Union Bank around the clock starting tomorrow and postpone his scheduled return trip on September 15..."
"President, how will the United Group provide the necessary help?"
"There are many kinds of help. First, the United Group can use the convertible bonds that have been obtained but not yet spent for emergency; second, the United Group can use its own credit to help the United Bank raise funds; third, the United Group has a lot of assets in the United States, which can be cashed in in an emergency..." Contini smiled slightly, "The United Group is a negative We will stick to the end of the responsible consortium. No one has a stronger determination to defend financial freedom than me. "
"But..." The reporter from the Christian Monitor stood up and asked a clever question, "We all know that you emphasize wealth and power over freedom in Italy. Why do you say you want to defend financial freedom in the United States?"
"Because in Italy you don't see such stupid institutions as the Federal Reserve, and you don't see bureaucrats like those idiot reserve bureaus and professional committees... If there are, I would have killed them long ago. How can they call the shots? Otherwise, do you think Italy's annual growth of 12% in recent years is really a drop from the sky? There is a prerequisite for the people to support the leader and support the fascists, because they know that this makes Italy better and stronger. We can deceive the people for a while, but can we deceive the people for 7 years? "Contini said with a sullen face, "You may as well ask, how did we deal with the last Italian foreign exchange crisis when the Siena Bank violated the rules in lending to foreign countries? Yes, the gossip you heard is true! It was my suggestion!"
"Wow!" The whole venue was boiling.
This is the first time that the president has personally admitted in public that the last time paratroopers attacked the top executives of the Siena Bank was his handiwork. In addition, the president also has a record of using oil guards to kill the French in Algeria. It is no wonder that he does not put the Federal Reserve at all. In the eyes, if you have money, you can really do whatever you want!
"Mr. President, I noticed your wording about the Federal Reserve. Will this cause turmoil in the entire market? Is the first clause in the United Group's statement too harsh on the Federal Reserve? Can I ask, because President, you have always The unrelenting public criticism has resulted in the current break. If it triggers a violent social shock, will you feel guilty?"
"Don't underestimate Union Bank, don't underestimate Union Group. Behind them stands the whole of Italy, 40 million Italian people! Journalists, I wonder if you still remember this sentence, if the United States is good, United Group is good. vice versa."
Contini sneered: "Today the Federal Reserve can destroy Union Bank, and tomorrow they can destroy Citibank, Bank of America, and any American financial enterprise... I cannot tolerate such unreasonable tyranny for a day! If you forget , may I remind you of the content of the American Declaration of Independence... When any form of government becomes destructive of these ends, it is the right of the people to alter or abolish it, and to institute a new government; the principles upon which it is founded, its Organize power in such a way that the people think it is the only way to achieve their safety and happiness.
When the Fed takes a dangerous step and tries to use its power to change the trajectory of capital operations and interfere with market rules, it must be corrected and liquidated! Justice must be served, sooner or later! I never feel guilty about it, the only thing I feel guilty about is that I realized too late that the U.S. market collapsed and gave too little warning to the people. I think I would feel a little guilty if the American people were destitute in the future when a world-shattering bubble burst. But the initiator and culprit is undoubtedly the Federal Reserve!
I now deeply understand how difficult it was for President Hoover. He was surrounded by conspirators, careerists, idiots, and subversives every day. It was so difficult to do something for the American people, and once anything happened, everyone would It's hard for this president to criticize the government. I'm deeply sorry for his personal experience. I announced that if he runs for re-election, I will donate $3 million! "
Everyone felt that the painting style was wrong: Is this the same president who advocated "wealth and strength rather than freedom" in Italy and insisted on following the "three flags" path? His performance in the United States can be called a complete freedom fighter!
Someone in the audience commented: "Have you seen that the president can sneak into the Italian leader's successor? There are two brushes in the position of young leader. Judging from his level of flexibility and eloquence just now, you dare to say that he is better than anyone here." A bad politician?"
"Yes, yes, if he ran for president of the United States, he might still be elected."
"You don't know how young people are obsessed with the president. My daughter is simply a nymphomaniac. She collects news about the president all day long. As soon as I get home, she asks about all kinds of things about the president. She even writes love letters to the president. She even knows that I When I have a chance to meet the president, he asks me to pass it to him..."
"Brother, have you handed it over?"
"No! I didn't want to be kicked out like a fool, so I withheld them all... I had to lie to her later. The president's secretary accepted it, but there were too many messengers, so she shouldn't have any wishful thinking about the identity of the president and our identities? "
"Hahahaha, your daughter is quite cute, please introduce us to her..."
"Don't even think about it! Don't think I don't know what you are planning!"
"Excuse me, President, how will this whole thing end?"
"I don't know, it depends on the choice of the American people to vote with their feet, but personally, I seem to see that a storm has come, it will profoundly change the entire market, the entire society, and even affect We can only wait and see how the global landscape changes..." Contini said quietly, "United Group and I will do our best, and may the kind God bless everything well!"
"This ends the press conference. Starting from the day after tomorrow, our group will hold a regular press conference at 7 o'clock every evening to announce the news. Thank you for coming, and I wish you all a good night!"
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