Rebirth Starts From 2006

Why do you say that the development of commercial banking business by investment banks is also a means of risk control?

Why do you say that as long as Goldman Sachs and Morgan Stanley become member shareholders of the Federal Reserve, if they have a similar crisis in the future, the Federal Reserve can justifiably launch a rescue for them?

Qin Yu and Huang Shan, two financial experts, naturally wouldn't ask such a simple question.

Only Zou Rong, a financial novice, can be blank-eyed, as if listening to heaven.

Huang Shan, who was thinking about Boss Chen's words, couldn't help laughing when she saw that the lady boss had finished taking notes, but she didn't understand what she wrote.

"Because the source of funds of investment banks is different from that of traditional commercial banks, they mainly rely on repurchases and repurchases, and the repurchase business belongs to wholesale banks, which is what we often call major customer services.

Compared with ordinary retail banks, this type of funding source is very unstable. Once a crisis occurs, it is easy to run.

For example, last month, the Madoff Company that was collapsed by us was like this.

The source of funds for commercial banks is user deposits, and then through some intermediate businesses such as loans and commercial papers, they can make steady profits without much risk.

Under normal circumstances, unless there is a very extreme credit crisis, commercial banks will rarely experience a run, which will leave enough cash flow for the bank,

If the investment bank also has commercial banking business, then its business structure will be optimized,

Although the overall performance is not as good as that of pure investment banks, from the perspective of risk control, the risk will be lower.

When encountering a financial crisis similar to this one, investment banks can use the deposits of commercial banks to provide funds for themselves, that is, to lend themselves to avoid a break in the capital chain.

This is equivalent to an additional way out, which reduces its own business risk in a disguised form. That's why it is said that investment banks develop commercial banking business, which is also a means of risk control.

Moreover, Goldman Sachs and Morgan Stanley have another advantage of becoming a commercial bank, that is, they can become members or even shareholders of the Federal Reserve, and obtain the special drawing rights of the Federal Reserve. In times of crisis, they can be rescued by the Federal Reserve. "

"Oh,"

Zou Rong smiled embarrassedly, looked at the records she had made, and asked with a puzzled face, "Isn't the Federal Reserve the central bank of the United States, why does it still have shareholders?

If they become shareholders of the Federal Reserve, is their company particularly powerful and can affect the financial policy of the United States? "

This time Chen Yang did not ask Huang Shan to do it for him, and explained to his wife, "Your question is a very common misunderstanding.

Of course, this is also based on our country's financial system, so we can get this impression.

However, as long as you understand the historical origin of the Federal Reserve and the rights and obligations of their shareholders, you can understand. "

After saying this, Chen Yang saw that Huang Shan and Qin Yu were both busy with the computer, so he knew that they were trying to verify their point of view.

Anyway, if you are idle, you are idle, so I will give my wife a popular science about the real situation of the Federal Reserve.

Chen Yang took a sip of tea, smiled at Zou Rong,

"If the United States is the world's financial center, and Wall Street is the financial center of the United States, then the Federal Reserve can control the existence of Wall Street.

As the most influential financial decision-making body in the world, his every move attracts worldwide attention and will also affect the ups and downs of the global financial market.

It is such an organization, all his decisions are open and transparent, but have you noticed that almost everyone feels that there is a mysterious haze about him? "

"Mmmmmm,"

Zou Rong nodded like a chicken pecking rice, "Don't talk about laymen, when I worked in Min'an Bank, those colleagues would think they were very mysterious when they mentioned the Federal Reserve. Why is that?"

Chen Yang raised his head and laughed twice before saying,

"This is because many people are speculating whether this financial regulator transformed from a private bank is being manipulated by private individuals.

This individual can be a certain consortium, a certain family, or a certain alliance, or even a certain giant crocodile,

For example, the often-mentioned Rothschild family, in the book "Currency War", is regarded as the ultimate controller of the Federal Reserve, or the financial tycoons of Switzerland and Saudi Arabia,

Of course, the Jews who occupy half of the American financial world are also indispensable.

You think about it, is not it? "

Before Chen Yang could finish speaking, Zou Rong kept nodding her head, "Yes, there are Rockefeller and Morgan, the elephant belongs to Rockefeller, the donkey belongs to Morgan, and then the two families jointly control the beautiful and cheap!"

After a pause, Zou Rong blinked at her husband, "Is it really like this?"

Huang Shan, who was busy next to her, couldn't help laughing out loud when she heard this.

Seeing her like this, Zou Rong couldn't help but blushed slightly, knowing that she was making a joke,

However, this statement seems to be very common, right?

Chen Yang knocked on the table, and glared viciously at the two who couldn't stop laughing with dissatisfaction, "Don't use your profession to laugh at wrong social common sense."

"Sorry sorry,"

Huang Shan waved her hands again and again with a smile, and said with a smile to Zou Rong, "I'm not to you, it's because I've heard this kind of words many times, and I thought so before, and I didn't know until I learned the real situation. How ridiculous."

Qin Yu on the screen also took the time to smile at the camera, "Hey, let's not talk about it, there are quite a lot of similar things, and there is quite a market. No matter how you explain it, many people still believe it."

Then he paused, then looked at Zou Rong again, "Rongrong, I'm not talking about you, let the boss explain to you later, you will understand,

But, to be honest, you are the proprietress of the super financial group in the future, and knowing a little more about this will only benefit you and not harm you. "

Naturally, Zou Rong would not be angry, she waved her hand with a smile, and then felt that what she said was right, so she nodded vigorously.

When the Rainbow Group really succeeds in acquiring Santander Bank, it will naturally become a world-class financial giant. In this case, I am still a financial rookie, so I can't justify it!

Holding the teacup, Chen Yang leaned on the back of the chair and said softly, "There is no shortage of market for conspiracy theories at any time, but sometimes these conspiracy theories are well-founded, and they are not groundless."

As he spoke, he turned his head and looked at Zou Rong,

"For example, the Federal Reserve, so many people are willing to believe in these conspiracy theories, because the Federal Reserve is a regulatory agency, but it belongs to a non-government department, and it has its own board of directors and council, with members and shareholders.

Since there are shareholders, doesn't that just mean that the Federal Reserve is in the hands of the consortium? ! "

This time Zou Rong stopped talking, and looked at her husband helplessly, waiting for him to clarify her doubts.

Chen Yang grinned, "Then, is the real owner of the Fed a financial consortium?

The answer is,

Yes! "

"what?"

Zou Rong was immediately fascinated,

Since it is, then what did you say just now?

Seeing the little girl's confused look, Chen Yang raised his head and laughed twice before continuing,

"The Federal Reserve can be roughly divided into three stages, the first bank period, the second bank period, and the current Fed,

In the previous two stages, as well as the early days of the Federal Reserve, the central bank of this beautiful country was indeed under the control of the consortium.

For example, after the War of Independence, in order to solve the debts of tens of millions of dollars at that time, Hamilton, the first treasury secretary of the United States, established a privatized central bank with reference to the Bank of England, and this bank issued currency. First Bank of 1791,

This is the earliest policy bank in the United States with the nature of a central bank and some functions. Its shareholders are all private or private financial institutions, and 70% of the equity is controlled by a European consortium. The Rothschild family directly and indirectly The controlling stake is about 20 to 25 percent," he said.

Seeing the little girl open her mouth wide, Chen Yang shrugged with a smile, "So it is obvious that the United States at that time was indeed under the control of Rothschild!"

Zou Rong asked in puzzlement, "Why would they allow a private consortium to control the bank?"

Normal people can understand that this is tantamount to handing over the power of the country's finances to the consortium!

Chen Yang shrugged, "Because America had no money at that time!"

Zou Rong didn't need to continue to ask questions, so he explained,

"At that time, in order to win the War of Independence, the United States had to borrow from the European consortium, and the amount was as high as tens of millions of dollars. At that time, it was a huge sum of money!

In order to pay off the debt, Hamilton proposed the revolving door plan, which is to establish a private central bank and allow European consortiums to hold shares in order to pay off the debt.

However, the Americans are not fools. Their founding president, Mr., only approved the validity period of 20 years for this central bank! "

After a pause, he continued,

"After the first bank expired, the United States did not immediately establish a central bank,

As a result, in the second year after the closure of the First Bank, that is, in 1812, the Napoleonic War broke out in Europe, and the United States turned against them because of certain actions of the United Kingdom, and the second Anglo-American war broke out! "

"understood!"

After he finished speaking, Zou Rong immediately said confidently, "I owe another debt, and I can't pay it back, and then there will be a second bank!"

"puff…"

When Huang Shan, who was working, heard this, she clutched her stomach and giggled non-stop.

Zou Rong looked at her blankly, "Isn't it?"

"No no no,"

Huang Shan lay on the table, covered her stomach with one hand, and waved at her with the other, and said out of breath, "It's more fun if you're right!"

Chen Yang also shrugged happily, and continued,

"The Second Bank, established in 1816, took over the previous functions and structure of the First Bank, and the controlling stake is also controlled by the consortium, but at this time the American consortium and the European consortium are in a 50-50 situation.

But for the same reason, although the second bank has existed for a longer time than the first bank, it is still inevitable to close its doors.

After the collapse of the Second Bank, the United States had no "central bank" financial institutions for 70 years.

Until 1913. "

Speaking of this, Chen Yang paused, and asked Zou Rong meaningfully, "What do you think about the United States at this point in time?"

Zou Rong rolled her eyes and immediately blurted out, "Morgan and Rockefeller!"

According to junior high school textbooks, in the United States at that time, these two families had the greatest influence and almost controlled the entire American economy.

"That's right,"

Chen Yang snapped his fingers and said with a smile, "It's these two, Rockefeller's oil, Morgan's finance,

Just in 1913, bankers represented by Morgan held a secret meeting on Jekyll Island for more than half a month, and finally announced the birth of the Federal Reserve.

Moreover, the Federal Reserve at that time, whether it was the top leader Benjamin Strong or the drafter of the structural system Nelson Aldridge, was closely related to financial consortiums, especially the Morgan family,

To say that the Federal Reserve at that time got rid of the companies of the consortium, no one believed it!

Even further, the Federal Reserve at that time was under the control of the Morgan family!

However, the current Federal Reserve, after several major systemic and institutional reforms, is completely different.

One of the most typical features,"

Chen Yang raised a finger and was about to speak.

"All right!"

At this moment, Qin Yu suddenly said, "I contacted Shirley and Fuld successively, and they confirmed the same news through their respective channels.

Goldman Sachs and Morgan Stanley are both lobbying the Treasury Department and the Federal Reserve. The specific content is unknown, and it may be related to the hope of getting a bailout.

However, it is definitely more than just rescue,

Because several members of the council and board of directors they contacted are related to the supervision of commercial banks,

Shirley and Fuld also concluded that they were seeking to break the ban on commercial banking,

It's almost certain now,"

She said and looked at Boss Chen, and couldn't help giving a thumbs up, "Boss, you guessed it right again!"

At this time, Huang Shan also raised her head, and said seriously, "I have confirmed through the channels of my former Goldman Sachs colleagues and American headhunting companies that they are looking for commercial bank management talents!"

Chen Yang shrugged and said, "If you can easily find out the news, it means that Goldman Sachs and Morgan Stanley have reached an alliance.

If there is no accident, I believe that soon there will be media articles to create momentum for investment banks to directly operate commercial banking business! "

Hearing this, Qin Yu nodded in agreement, "This is a tactic used by American companies. They use public opinion to guide the public, use financial resources to influence Congress, and finally achieve their goals."

After she finished speaking, Huang Shan suddenly grinned at Chen Yang,

Boss Chen naturally understood that she was thinking of the book he gave her.

mob.

The same method, the same method, everyone is using it!

After receiving this accurate news, Huang Shan and Qin Yu finally breathed a sigh of relief.

On the one hand, I admire Boss Chen's precise judgment even more. On the other hand, I am also happy that I can continue to implement the action plan I made in advance.

Huang Shan twisted her neck, stretched her waist, then looked at Zou Rong and said with a smile,

"The Federal Reserve is made up of the Federal Reserve and the twelve Federal Reserve Banks ~www.readwn.com~ The so-called shareholders are the shareholders of the Federal Reserve Banks, not the shareholders of the Federal Reserve Board,

Because the Federal Reserve is a government agency, these shareholders are not shareholders of the entire Federal Reserve, nor can they affect the entire Federal Reserve.

Second, shareholders of the Federal Reserve Bank must be its members,

And its members must be savings banks qualified to absorb deposits, that is, ordinary commercial banks.

Just like investment banks such as Goldman Sachs, Lehman Brothers, and Morgan Stanley, although they are the world's top financial giants, they cannot become shareholders of the Federal Reserve Bank!

As the founder of the Federal Reserve, Morgan’s core business is in investment banking, but the investment bank was expelled by the Federal Reserve. Obviously, the Federal Reserve is no longer the tool of Morgan in the past.”

After saying this, Huang Shan turned her head to look at Chen Yang, grinned and said,

"Boss, the distinctive feature you mentioned is this one?!"