The Son of Finance of the Great Age

  Chapter 781 Offensive Rating Agency

   "We're in trouble!"

On this day, Zhong Shi was watching about the European Commission announcing a formal investigation into Goodman's swap agreement in the European government bond market, when he received a call from the United States. In the phone, Ray Dalio said in a panic, "The United States Congress announced that there will be a hearing on Moody's, and they've done ample research."

"about what?"

  Zhong Shi was taken aback, and quickly asked, "About the European debt crisis? Is this impossible? Their response is so fast, and they will kill the donkey?"

   It’s okay, Zhong Shi was relieved by Delio’s answer.

   "Not the European debt crisis, but the subprime debt crisis!"

Delio was still a little shocked, and said hastily, "You are also very clear about the profit model of rating agencies, that is, bond issuers pay rating agencies to ask them to rate the products issued. During this process, it is difficult for rating agencies to guarantee Its objectivity and accuracy. Although Moody’s has not done anything that violates professional ethics in the past so long, if the other party has doubts, it is difficult to clarify their own suspicions.”

   “It’s better if it’s not the European debt crisis!”

  Zhong Shi is naturally aware of the profit model of rating agencies. These are not industry secrets in the first place, but only at such times will they be brought up as a topic. It is obvious that the other party has ulterior motives. However, since it is aimed at the subprime mortgage crisis, Zhong Shi is very sure that at least at the top of the United States, the determination and will to deal with Europe has not changed.

"This is a gesture they made to calm Europe's anger." Zhong Shi patiently explained, "It should be what it means. After all, Europe has been involved in the debt crisis with such a high profile, and the United States has to take some actions. Come to appease him."

   "You think so?"

  Dairio fell into deep contemplation, and soon asked another question, "Will the United States order Moody's to suspend business in order to give Europe an explanation?"

"This…"

Zhong Shi hesitated. For the United States, which has three authoritative rating agencies and countless small rating agencies, it is not impossible to sacrifice a large rating agency. Even if Moody's is not sacrificed, it is because of its professionalism and Authoritative smearing will be even more damaging to Moody's than the suspension of business.

   "Is there anything we can do?"

   Thinking of all kinds of possibilities, Zhong Shi didn't calm down.

  Current rating agencies are the most lethal strategic weapon for Zhong Shi and others. If any one of them is collapsed, it will be a major loss for attacking Europe. So even if he guessed the US government's intentions correctly, Zhong Shi dared not stay out of it.

   "I know that on Capitol Hill, there are some congressmen who have different opinions on this matter!"

  Dairio pondered for a moment, thought for a long time, and then said leisurely, "Of course, for some of them, bribery is definitely impossible. But there may be other ways to go!"

   "Since this is the case, it's not too late. I'll be in New York tomorrow!"

  Since there was a possibility of redemption, Zhong Shi naturally couldn't just sit idly by. After discussing with Delio for a long time, he hung up the phone. Immediately, someone arranged for a special plane to fly directly to Kennedy Airport the next day.

  …

   "So far, the biggest opinion on the rating agency is from Senator Al Furlan, from Minnesota. This time the Congressional hearing against Moody's is also led by him."

   On the special plane to Washington, the staff of the top public relations firm Bellan Consulting, which had been contacted a long time ago, surrounded Zhongshi and Delio, talking patiently.

The sentence just now was first said by a blond man in a suit, and then he handed Zhong Shi and Delio a thick stack of documents, "This is his resume, political stance, recent remarks, submissions, etc. Bill and family situation."

   Almost every detail has been achieved, and the ability of the public relations company in intelligence collection is beyond doubt.

   "He is from Minnesota, a senior member of the Democratic Party, and he is heavily inclined to efficiency in terms of fairness and efficiency. He is an out-and-out leftist."

Another brown-haired man went on to explain, "In Minnesota, he has unparalleled prestige and credibility. He has been re-elected as a senator for three terms. Next, he may participate in the election for governor. Of course, all of this It's a rumor."

"During this round of financial crisis, Minnesota is one of the worst-hit states in the United States. The public loss data is second only to Ohio and Alabama. A large number of houses have been abandoned, the unemployment rate has risen, and the homeless population With numbers piling up, state spending surging to insure citizens, and home prices falling to unimaginable proportions, it's no surprise that he's jumping out at the rating agencies and Wall Street. "

   While he was speaking, he also delivered a document to Zhong Shi and Delio. Zhongshi flipped through it a little and found that it was full of economic data about Minnesota, as well as recent polls.

   "Is he planning to gain political capital?"

  After listening to the two people's answers, Zhong Shi gradually understood that if this was the case, then it would be easy to prescribe the right medicine.

"you can say it this way!"

  The third member of the lobbying team said, this is a girl with black hair, wearing glasses, and a good face, but at the moment her face is cold, without the slightest expression, which is a bit disappointing. If it was normal, Zhong Shi might have looked at it twice more, but at this time he didn't think about men and women at all, but listened carefully to the other party's explanation, "But it's not completely accurate. This Mr. Leading a small-scale real estate loan company, during this crisis, the discount company suffered a serious crisis and even went to the brink of bankruptcy. Although it is now relieved, its performance has not been good. Perhaps it is also For this reason, this congressman hates the big capital from Wall Street."

   "There is such a reason?"

  Dairio frowned, "This kind of person who brings his grievances into his full-time job is the most difficult type of person. I really have a headache now. How could I meet such a person?"

  He slapped his forehead in frustration, his face full of frustration. Before coming here, he had a similar experience.

   "So what is the countermeasure you gave?"

  Zhong Shi was not flustered, and stared at the three of them with burning eyes, "If you want to solve the troubles Moody is currently encountering, what do you think should be done?"

   Two men and one woman looked at each other for a moment, then shook their heads towards Zhong Shi, with helpless expressions on their faces.

"Is such that!"

Seeing that Zhong Shi frowned, the woman hurriedly explained, "According to our judgment, Al Fran has made up his mind this time and wants to teach the rating agencies a profound lesson. Before that, Moody's The company has hired a top public relations team that is no less than ours, and offered a high price, but it was rejected by Al Fran as no surprise. He also said that if there is another similar behavior, he will Those involved must be held accountable.”

   As for the deal between the lobby group and Capitol Hill, this is a well-known thing, because both parties represent the interests of some people or classes. The United States is essentially a transactional society. Except for some principled things, everything else can be used for negotiation. It is also on this basis that there is such a huge lobby group in Washington.

  Of course, lobbying in the open is one thing, but doing some shady things secretly is another. Presumably Moody's side has used their brains in this regard, which led to the failure of the lobbying.

"Naturally, Moody's side did not dare to make any further moves beyond the rules. They turned to lobbying several other congressmen. It is said that there has been some progress. But the initiative of the entire bill is in the hands of Al Fran, so Even if some joints are broken through, I am afraid it will be very difficult to pass the last level."

  The woman explained with a blank expression, but from her tone, Zhong Shi vaguely heard a trace of helplessness.

   "No matter what, let's meet and talk first!"

  Seeing that the public relations team also had no good solution, Zhong Shi sighed, folded his elbows and said with a sneer.

For Zhong Shi's move, the three of them were taken aback for a moment, and then looked at each other for a while, realizing from each other's eyes that their new employer seemed to be a confident guy, and he didn't seem to be concerned about the current predicament. Feel any trouble.

  Although they don't know why, they like to work with such an employer, because if this crisis is successfully resolved, they can also leave a strong mark in their careers.

   "Member Al Fran is already waiting for you in the office!"

  Capitol Hill, the Senate, a solemn and secretary-looking person nodded to the five people, and after checking the appointment form for a while, he led the three to a small conference room.

  This office is very simple. On one side of the office, there are mountains of codes on the bookshelves, many of which have bookmarks in them. It is obvious that these books are not just decorations. In the middle of the room, there is an old desk, on which are the documents that Mr. Congressman needs to deal with. Directly opposite the desk, there is an old reception sofa. There is even a carpet on the floor. No.

   It's hard to believe that this is the office of a congressman.

"interesting!"

  Looking at the huge portrait of President Lincoln on the wall behind the desk, Zhong Shi couldn't help but smile, "This congressman has great ambitions!"

  Seeing Zhong Shi's vague smile, the three public relations personnel were all taken aback. They stared at President Lincoln's portrait for a long time, but they still didn't understand what Zhong Shi wanted to express.

"You are?"

  The five of them didn't wait long in the office when Al Fran walked in from the outside with a thick stack of documents under his armpit.

This is a man in his fifties, his hair is already half white, and there are obvious gullies on his face. With his movements, an aura of calmness and self-prestige naturally radiated towards the others.

   "We are the staff of Bellan Consulting!"

  The woman whom Beran consulted hurriedly explained, "I am Lisa, this is Michael, and that is Hahn. We have made an appointment to meet you, Mr. Congressman, a week ago!"

"I see!"

Walking to the desk, Al Fran sat down on his own, and buried his head in the documents. He didn't even look up when Lisa introduced herself, but asked directly, "Where are the other two?" ?”

   "This is Ray Delio, the founder of Bridgewater Associates!"

  Lisa didn't feel uneasy at all, and quickly explained, "The other one is Mr. Zhong Shi, from Tianyu Fund in Hong Kong!"

   "Whoa, whoa, big guy from Wall Street!"

Al Fran raised his head, glanced at Zhongshi and Delio lightly, and said exaggeratedly, but there was no surprise in his eyes, and he didn't stand up to shake hands, but asked directly , "What's the matter with you? Tell me quickly, my time is limited!"

"Is such that…"

Lisa hurriedly said, but the next moment, a scene that left her dumbfounded happened. Al Fran looked at her watch, stood up and walked outside, explaining as she walked, "Sorry, I'm still here today. There is a meeting, please make an appointment next time!"

   After finishing speaking, he slammed the door and left, leaving five people at a loss.

   Thanks to book friends cpower and Mu Xiangshunqi for voting monthly tickets! Thanks to the electromagnetist for the reward! It was too late to write yesterday. I saw it today. It was a terrible word... During this period, there were a lot of things, and the code word was even more difficult. Today, I finally took the time to write a chapter. I hope everyone can understand and be considerate. Of course, the author will try his best to update it so as not to disappoint everyone. Maybe everyone is busy during this time, but I still hope that all book friends can continue to actively vote for it. Thank you very much~

  (end of this chapter)