They are all reborn, and the grandson is still a spare tire
Chapter 1203: Fruitless Talks
Yao Yuan looked at these foreigners with shining eyes and said with a smile:
"Gentlemen, the solution is actually very simple. Perhaps you were too impatient to think of it."
“Goldman Sachs and Morgan Stanley are currently investment banks and two large listed financial institutions supervised by the SEC.”
"If Goldman Sachs and Morgan Stanley were to change their corporate nature and become bank holding companies, the regulatory body could be changed from the SEC to the Federal Reserve."
"The Federal Reserve is the central bank that controls the right to issue currency. If Goldman Sachs and Morgan Stanley are placed under the supervision of the Federal Reserve, will the liquidity squeeze problem still be difficult to solve?"
"After changing the nature of the company and the regulatory body, I believe there will be no problem for Goldman Sachs and Morgan Stanley to find strategic investors..."
Paulson and his colleagues on the other side of the ocean were all stunned. They stared in amazement and even forgot to respond.
A moment later, Morgan Stanley CEO suddenly said excitedly:
"Wow! This is truly a genius idea, why didn't we think of it!"
"If Morgan Stanley were converted into a bank holding company, it would indeed solve the crisis we are facing, or at least solve it easily"
"The Federal Reserve is one of our largest creditors. If you were to ask who in the world least wants Morgan Stanley to go bankrupt, the Federal Reserve would definitely be number one..."
Just as he said this, Paulson suddenly interrupted and interrupted the Morgan Stanley CEO.
"Mr. Yao, thank you for your suggestion. We need to discuss this matter urgently before we can make a decision!"
"In view of this, this video conference call needs to be temporarily interrupted. I hope you can understand."
As he said this, the old face of the Morgan Stanley CEO couldn't help but blush.
It was not until this moment that he realized that he had been too proud of himself and leaked some confidential information.
Fortunately, this confidential information is not particularly important. The fact that the Federal Reserve is Morgan Stanley’s largest creditor is no secret in the eyes of some senior financial officials!
These senior financial executives naturally include Yao Yuan and Vice President Wang, as well as Paulson and others.
Yao Yuan laughed and nodded slightly.
"Of course, Mr. Paulson, this video conference call can be suspended"
"Once you have come up with a conclusion, it won't be too late for us to continue the meeting."
"Ok"
Paulson nodded.
Subsequently, the transoceanic video conference was temporarily suspended.
Yao Yuan signaled to the on-site technicians to temporarily cut off the communication connection with the US side.
The next moment, Paulson and others on the video screen disappeared. They must have gone to a phone meeting.
However, Yao Yuan's communication with the capital was not interrupted.
As soon as the meeting was paused, Vice President Wang said with a smile:
"Xiao Yao, the solution you proposed has obviously shocked the US side."
"From the reactions of Paulson and others, we can see that this is an effective solution and is likely to be adopted by them."
"In this case, your Jiuye Investment may lose the opportunity to acquire shares in Goldman Sachs and Morgan Stanley. Isn't that a pity?"
Yao Yuan smiled slightly and then shook his head.
"The result is obvious. If the US really takes this approach to resolve the crisis, there will be no need for our group to be a strategic investor!"
"Given the strong style of Goldman Sachs and Morgan Stanley, once they find that the crisis can be successfully resolved, they will never allow our group to buy shares at a 60% discount!"
"After the Fed switched to regulation, their options suddenly expanded countless times. For example, financial institutions in Europe, America, Japan and South Korea are all options."
"For the sake of the Fed's reputation and under tremendous pressure from the US government and the financial community, many financial institutions in Europe, America, Japan and South Korea are willing to take on the role of strategic investors."
"As for our group, we have no intention of becoming a strategic investor at this time. The following talks are just a formality. Let's just watch the show together!"
"Hahaha"
Vice President Wang burst into laughter, and everyone else in the meeting room couldn't help laughing.
Things developed just as Yao Yuan expected.
About fifteen minutes later, the transoceanic video conference call started again.
Paulson and others who reappeared on the video screen all had relieved expressions, and a hint of smile could finally be seen between their brows!
However, they never mentioned letting Jiuye Investment Group act as a strategic investor and acquire shares in Goldman Sachs and Morgan Stanley!
However, they were obsessed with investing in Jiuye Investment Group and kept mentioning it.
But this is nothing but wishful thinking and it is impossible to achieve!
Having found a way to resolve the crisis and seeing that they could no longer infiltrate the Jiuye Investment Group, these foreigners were too lazy to play along any longer.
Soon, Paulson took the initiative to end the video conference call.
Yao Yuan agreed very readily and nodded with a smile.
The call ended and the video screen disappeared, marking the end of a fruitless meeting.
Next, Yao Yuan chatted with Vice President Wang for a while, and Vice President Wang also exited the video screen and went to take care of his own business.
Mr. Ren, who witnessed the entire meeting process, couldn't help but express a few words of emotion.
"These foreigners are so practical, they are pure economic animals driven by profit!"
"After getting the solution to the crisis, they didn't even bother to pretend and ended the talks so impatiently!"
Yao Yuan laughed and said jokingly:
"This is the usual style of Wall Street. It's normal. We must get used to it quickly and never have any expectations of them!"
"But has the crisis really been resolved? I don't think so. Bigger troubles are still to come!"
"Shh!"
Everyone looked at Yao Yuan with curiosity.
Yao Yuan stopped talking and didn't say anything more. Instead, he changed the subject and talked to Zhou Chaoyang about the company.
Twenty minutes later, Mr. Ren and his colleagues left the Bank of China Building and returned to the HKMA.
After a while, Yao Yuan took Jiang Meihui out of the company and took a car back to the middle of the mountain, ready to enjoy this wonderful weekend.
As a result, Zhou Chaoyang called not long after the convoy drove out.
When the call was connected, the guy said excitedly:
"Mr. Yao, as you said, Goldman Sachs and Morgan Stanley just released announcements at the same time."
"Announce to the outside world that the company's nature will be changed from an investment bank to a bank holding company, and apply to the Federal Reserve"
"Almost immediately, the Federal Reserve announced that it was considering approving the applications of Goldman Sachs and Morgan Stanley to bring these two top investment banks under its supervision."
"As soon as the news was announced, it immediately caused a huge shock on Wall Street and the international financial market. I have to say, these foreigners acted really fast. It's definitely the fastest I've ever seen!"
"Hahaha"
Yao Yuan chuckled a few times and said disdainfully:
"How dare they not hurry up? If they can't solve the liquidity squeeze problem of Goldman Sachs and Morgan Stanley this weekend, Morgan Stanley may go bankrupt next week."
"Just wait and see. Today and tomorrow, many European and American financial institutions will come out and announce that they are willing to invest in Goldman Sachs and Morgan Stanley as strategic investors."
"But whether these European and American financial institutions did so voluntarily or under duress is unknown, and it is irrelevant!"
"The most important drama is about to take place in the US Congress. It is estimated that within the next two days, the US government will propose a huge rescue plan to Congress!"
"Send someone to closely monitor this matter, pay attention to the content of the bailout plan proposed by the US government, the scale of the funding requested, and the developments on Capitol Hill, etc."
"Once the rescue plan is made public, we can formulate the next investment strategy based on the plan and the reactions of all parties, and then reap the benefits!"
After the words fell, Zhou Chaoyang responded with a smile:
"Got it. Leave these matters to us. Just enjoy this weekend!"
After chatting for a while, they ended the call.
Soon, the convoy returned to the middle of the mountain.
Yao Yuan did not go directly back to his Mid-Levels luxury home, but accompanied Jiang Meihui to her large sea view flat.
He hasn't met Jiang Meihui's parents since she became pregnant.
Now that Jiang Meihui is pregnant, it would be a bit unreasonable if I don't show up!
When he brought up this matter, Jiang Meihui was so moved that tears welled up in her eyes.
Then she held his head in her hands and kissed him several times on the cheek.
After a while, the convoy arrived downstairs of Jiang Meihui's home.
The rest of the vehicles were parked on the street outside. Yao Yuan's Rolls-Royce Phantom and a guard vehicle drove into the basement of the community.
After entering the basement and parking the car, and making sure the surroundings were safe, Yao Yuan got out of the car with Jiang Meihui.
Then he took out the gift that Uncle Zhang had prepared from the trunk of the car and went upstairs together.
Soon, they arrived at the floor where Jiang Meihui's house was.
Seeing Yao Yuan coming with gifts, looking like a lousy son-in-law visiting his father-in-law, Mr. Jiang and his wife were stunned.
Jiang Meihui, holding Yao Yuan's arm, had a look of happiness and tears in her eyes.
Her daughter hid behind Jiang Bo, poked out her pretty little face and looked at Yao Yuan curiously.
"Good morning, Uncle Jiang and Auntie, how are you? I hope I didn't disturb you."
"Ever since Meihui got together with me, I haven't come to visit you two. I really feel bad about it, and I shouldn't do that!"
"I happened to be free today, so I came to visit you. This is a small token of my appreciation."
Yao Yuan greeted them politely and bowed to Jiang Bo and the others.
As he said that, he handed over the gift in his hand.
It was not until this time that Uncle Jiang and his wife reacted.
The next moment, Jiang Bo hurriedly took the gift and reached out to support Yao Yuan's arm.
"I don't deserve it, Mr. Yao, you are the God of Wealth known to everyone in Hong Kong, I can't accept this gift."
"It's great that you came to visit us at home. It's our honor!"
"Meihui has already told us about the matter between you and Meihui. This is a matter between you young people, and we will not interfere!"
Immediately afterwards, Meihui's mother continued:
"Good morning, Mr. Yao, welcome to our home. Meihui is divorced and has a child."
"You are so powerful and wealthy. In this situation, we dare not ask for too much. As long as you treat Meihui well, that's enough!"
It is obvious that the old couple have quite traditional ideas.
This is very common among the older generation in Hong Kong Island. You should know that the Qing Dynasty laws were not abolished in Hong Kong until 1971.
Before that, it was legal for men in Hong Kong to take concubines!
It is normal for Mr. and Mrs. Jiang, who came from that era, to have such conservative ideas.
Yao Yuan looked at the old couple, then casually held Meihui's delicate hand and said sincerely:
"Uncle Jiang, Auntie, don't worry, I will definitely treat Meihui well and will never let her suffer any injustice."
"We got together because we liked each other, not for any other reason..."
As they were talking, the little girl hiding behind them suddenly said in a crisp voice:
"I've seen you on TV. You're on TV every night."
"You are my mother's boyfriend, so do I have to call you dad from now on?"
"Hahaha"
Everyone looked at the little girl and laughed in unison.
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