Chapter 1069 (2/2)
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Paulson's face is gloomy and Andy's clear and fearless eyes look at each other. Neither of them means to give in.
”Say, what do you want this time? Don't go too far! ” Paulson is almost gnashing his teeth. To be honest, since he took over the position of Finance Minister of xiaofeixie government, he basically sat on a crater, where there was a fire, he would go to block it.
Not only is he tired to death, but also he has to face the difficulties and wrangles of the two houses. To be honest, he really regrets sitting in this thankless position. When dealing with a group of greedy and selfish vampires, he has too much negative energy in his heart.
Well, even if he himself was the same person as these guys, after all, as the chairman of Goldman Sachs Group, he is also a manufacturer and participant in the current subprime crisis.
”No way, the current bond market is in a state of suspension. Sorting out the non-performing assets of IndyMac bank is our biggest headache at present. The 3 billion US dollar MBS bond has become a cancer that banks cannot get rid of at present...
I know that the Federal Reserve has launched an innovative liquidity support tool, TSLF, which uses treasury bonds to replace the mortgage assets of primary securities dealers by auction, and an asset swap agreement which is valid for six months.
It's a pity that we are new to the banking industry. We have a weak background, small businesses, and fundamental competition. However, those large institutions such as Fannie and Freddie, Lehman, have little hope of being photographed, and their validity period is a little short. We are really worried. ”
Paulson and Hamilton's face suddenly changed color. Andy's big appetite was a little unacceptable. He wanted to exchange 3 billion toxic bonds for the same value of national debt with one mouth, which he just wanted to seize!
We need to know that these treasury bonds can be used as collateral to exchange funds of the same face value. The form of auction can help the Federal Reserve reduce losses, even through the rescue of the market, through the most difficult stage, and after the housing market recovers, it can make a small profit.But the one-to-one ratio exchange, which is undoubtedly unacceptable to the Federal Reserve, even if the scale of 3 billion is not large compared with 75 billion, but this is undoubtedly to let the Federal Reserve bear all the risks of this part of MBS.
Being so greedy at a young age, Andy renewed Paulson's impression of him.
”Ha ha, three billion treasury bonds... Andy, I'm really curious about the value of your news. ”
Andy didn't care about the sneer and sarcasm on Paulson's Tieqing's face. He just smiled.
”Let's not say that the 3 billion replacement treasury bonds can't be replaced. I'm very poor. I'm very, very poor! However, who let us be friends and partners? It's important to suffer losses. It's useless for me to master this news... Oh, no, it's not useless, it's helpless! ”
”Ha ha, is it? Since there is nothing we can do, let's say it. Maybe we can deal with it...”
This time, Andy seems to be turning into a fool without any intention. He doesn't continue to say in a veiled way: ”in fact, it's nothing, it's just a Ponzi scheme worth $560 billion. Tut, the problem is that this big scheme can't last because of the economic crisis. We have to...”
Said, in Paulson's astonishment and Hamilton's gape, Andy's face showed a brilliant smile, a big white tooth, his hands made an explosive gesture.
“BOMD。。。。。。”