Rebirth Starts From 2006 Chapter 616

Remember【】for a second!

Glancing at the confident Huang Shan, Boss Chen shook his head slightly, "No!"

Huang Shan blinked in confusion, "Isn't it?"

"of course not,"

Boss Chen shrugged and said, "As early as 1933, the "Glass Steagall Act" promulgated by the United States clearly stipulated that commercial banks were prohibited from engaging in investment banking business, and investment banks were prohibited from getting involved in commercial banks. business,

Although the "Financial Services Modernization Act" was passed in 1999 and the "Glass-Steagall Act" was abolished at the same time, allowing financial holding companies to operate in mixed industries, but in the past 66 years, the Federal Reserve, which has the nature of a central bank, Investment banks have long been excluded,

At that time, Morgan was not weak at all. Since the Glass Act could be passed, it may not be that they did not intend to voluntarily leave. This is naturally not a significant feature. "

As he spoke, he turned his attention to Zou Rong and said with a smile, "The notable features I'm talking about refer to the organizational structure and the definition of powers and responsibilities of the Federal Reserve, which are no longer what they were before.

In terms of organizational form, the current Federal Reserve is mainly composed of three parts, namely the Board of Governors of the Federal Reserve Board of the core management organization, the local Federal Reserve Banks, and the Open Market Operations Committee.

As a political institution, the Federal Reserve Board has seven directors, all of whom are directly appointed by the President of the United States and approved by Congress for a term of 14 years, which means that they will span multiple presidents and will not be loyal to any one person.

Moreover, the president has no right to recall the directors who are in office, and they must be fired by more than two-thirds of the Congress.

Twelve local Federal Reserve Banks divide the United States into twelve reserve districts with equal voting rights, avoiding the problem of the Federal Reserve's preference for a specific regional consortium,

The core department of each local Fed is the board of directors, with nine directors, three of whom are bankers, appointed by the Washington Federal Reserve Board, and the remaining six are from outside the banking system, generally jointly elected by the local Fed member banks, They are basically business leaders from different industries.

The final Open Market Operations Committee, consisting of the seven members of the Board of Governors of the Federal Reserve Board and the Chairman of the Federal Reserve Bank,

Here comes the point, this is the most important department in the Federal Reserve System, responsible for exercising the ultimate power of monetary policy!

In fact, among the twelve Reserve Bank chairmen, only the chairman of the New York Reserve Bank has a fixed number of seats, and the other eleven can only serve as the remaining four executive committee seats in rotation.

Because this committee can only accommodate twelve candidates each term, and seven of them are the directors of the Federal Reserve Board! "

Speaking of this, Chen Yang spread his hands and said with a smile, "Look, the decision-making body of the Federal Reserve is backed by the President of the United States, Congress, member banks in various places, and business leaders from all over the country.

If a consortium wants to control the Federal Reserve, it needs to control their president, Congress, most commercial banks, and business leaders from all walks of life at the same time.

With this kind of power, the entire United States belongs to him, so does he need to care about a Federal Reserve? ! "

Finally, Chen Yang smiled and said,

"If you have to say who can control the entire Federal Reserve system, then there is only one answer, and that is the entire American bourgeoisie, and it is the big bourgeoisie!"

However, the United States is originally a capitalist country, and there is nothing wrong with letting the big bourgeoisie control its own Federal Reserve system.

"Yes, that's true,"

Huang Shan nodded lightly and said, "The Federal Reserve adopts a dual organizational structure of a federal government agency and a non-profit organization, thus avoiding the complete concentration of monetary policy in the hands of the federal government and taking into account the interests of banks and capital in various industries. ,

The twelve Federal Reserve Banks are all non-profit institutions, and they distribute their shares in the hands of many bank shareholders according to the proportion of their assets, but they also recruit big names from other industries on the board of directors.

No matter from any point of view, it is almost impossible to be controlled by someone or a certain force alone, and it is not easy to even make a major impact, even if it is a shareholder.

For example, Rainbow Bank, a subsidiary of the Rainbow Financial Group in the United States, is a member and shareholder of the Federal Reserve.

Do you think we can decide the policy of the Fed? ! "

Zou Rong was full of surprise, "Our company is also a shareholder of the Federal Reserve?"

They said so much just now, and the little girl still thinks that the shareholders of the Federal Reserve are quite high-level, but when she heard that Rainbow Bank is also a shareholder of the Federal Reserve, she instantly felt that the Fed's force was just like this!

"Yup,"

Boss Chen took it for granted, "According to the Federal Reserve Act, all national commercial banks must be member banks of the Federal Reserve and accept the supervision of the Federal Reserve's Office of Currency Management.

Local banks in each state can choose whether to become a member of the Federal Reserve. If they are willing, they will be regulated by the Federal Reserve. If they are not willing, they will be regulated by the Federal Deposit Insurance Corporation.

The one we bought earlier...um,"

Chen Yang turned to look at Huang Shan, "What bank?"

Huang Shan pursed her lips and smiled, and said proudly, "No matter what bank it is, it's Rainbow Bank now!"

Then he turned to Zou Rong and said with a smile, "That bank is a national commercial bank and also a shareholder of the Federal Reserve Bank of New York. It is only medium-sized and has a small number of shares.

If they hadn't lent a large amount of funds to real estate developers, and the U.S. real estate industry continued to slump, and even many projects went bankrupt, causing them to generate a large amount of non-performing assets,

The shares in the Federal Reserve Bank cannot be transferred or sold, and they cannot enjoy the profit dividends of the Federal Reserve Bank. The only income is the interest paid at a fixed rate of 6% every year. There is almost no actual benefit.

It will not face the dilemma of bankruptcy. "

Zou Rong blinked and asked puzzledly, "Didn't it mean that as long as you are a shareholder of the Federal Reserve, you can get their rescue?"

Huang Shan shrugged and said with a smile, "So, this bank ended up being acquired by us instead of going bankrupt!"

"what?"

Zou Rong was stunned for a moment, that's how he rescued her?

Huang Shan said with a smile, "The financial regulatory system in the United States is relatively complicated,"

After a pause, she thought for a while and said, "For example, our country has the central bank and the China Banking Regulatory Commission, while the United States has the Federal Reserve and the Federal Deposit Insurance Corporation.

The significance of supervision is not to ensure the interests of bank operators, but to protect the interests of depositors through risk control and crisis relief.

Because the foundation of the financial industry is credit, if the security of users' assets cannot be guaranteed, it will be a devastating blow to the financial industry, especially the banking industry.

Therefore, when there is a bank crisis, if the problem is not serious, they can provide a certain amount of emergency loans or guaranteed loans to help member shareholders survive the crisis after the evaluation of the Federal Reserve or the Federal Deposit Insurance Corporation.

If the problem is so big that the bank is already insolvent, then the Federal Reserve or the FDIC will try to get other banks to buy it,

In fact, it is to sell valuable assets to repay debts.

If it is really impossible to reach an acquisition, for savings banks, they will also use the deposit insurance fund to assume the debt of the bank exceeding its assets, with the purpose of making up for the losses of depositors. "

"Oh,"

Zou Rong suddenly nodded, "Understood!"

But then he pondered for another two seconds, "Then becoming a shareholder of the Federal Reserve doesn't seem to be a good thing!"

To become a shareholder of the Federal Reserve, you need to spend money to subscribe for shares, but the rights are very tasteless and restricted everywhere, and you can only enjoy a fixed interest rate of 6%.

At such a high price, only a limited privilege of emergency assistance was obtained,

Why do you feel like you are at a disadvantage? !

Huang Shan thought for a while and said, "Well, being a shareholder of the Federal Reserve Bank is not completely bad, otherwise, the more than 3,000 national banks in the United States will not all compete to become shareholders of the Federal Reserve Bank.

Especially for banks with relatively high assets and large shareholdings, in addition to obtaining emergency rescue, there are also many off-market benefits. "

Zou Rong opened her eyes wide and looked at her puzzled, "Outside benefits?"

Huang Shan smiled slightly, but did not speak, but turned to look at Qin Yu,

Seeing her movements, Qin Yu shrugged with a smile, looked at the phone again, and said with a smile, "It's been five minutes and there's still no phone call. Is it because they are too inefficient, or do they think our weight is too light?" ?”

Zou Rong's eyes are blank, what kind of charades are you playing?

Chen Yang leaned back in his chair, squinted his eyes and thought about it, and suddenly said, "If you were the decision makers of Goldman Sachs or Morgan Stanley, and you learned that the Rainbow Group just inquired about you, what would you think?"

The financial industry eats information. If there is no news, let alone doing business, you can't even release a loan, let alone the actions of Qin Yu and Huang Shan just now, without any cover-up.

If Goldman Sachs and Morgan Stanley don't even know this news, then they are too underestimated.

Huang Shan rolled her eyes, and then burst out laughing, "If it were me, I would definitely press it down, at least we have to figure out our intentions before deciding how to make this call."

Qin Yu on the screen also raised his brows, and decisively threw the phone away, leaving it alone.

Isn't it just a negotiating method, as if anyone can't.

Chen Yang smiled, turned to look at Zou Rong, and said with a smile, "As I said just now, two major events will happen in the United States. One is that the Federal Reserve will relax the regulation of investment banks on commercial banking business, and at least allow investment banks to set up financial holding companies. Enjoy the same treatment as commercial banks that can operate in a mixed manner,

The other is Goldman Sachs and Morgan Stanley, who will definitely take this opportunity to devote themselves to the commercial banking field,

And these two things, no matter which one, they need to communicate with their peers, at least peers of similar level, to get their support! "

Huang Shan also looked at her and said with a smile, "Didn't you just say that there is nothing good about being a shareholder of the Federal Reserve? Look, the benefits will come soon!"

If you still don't understand it, then Zou Rong is too stupid.

She suddenly realized and laughed, "It turns out that this is an off-site benefit. Whether it is shareholder voting or peer support, they all need to exchange benefits, but we only need to provide them with a little convenience.

This is business exchange! "

Huang Shan frowned slightly, and nodded with a smile, "That's right, it's a commercial exchange. However, if we don't have this shareholder status, or if we are not big enough, we are not qualified to participate in the commercial exchange.

And these things will not appear in any management system, and all activities will be carried out outside the venue! "

After Huang Shan finished speaking, Zou Rong had no other questions. Only then did Qin Yu turn his gaze to Chen Yang, and said seriously,

"Boss, since the situation is as you expected, the financial crisis that everyone is in danger of should end soon.

Next, I will carry out bottom-hunting in the European and American financial markets according to the scheduled plan. Apart from that, do you have anything else to explain? "

Chen Yang frowned slightly, narrowed his eyes and thought about it, and asked, "How much money can we use in two days?"

Just now Qin Yu said that there are still two days before all the contracts can be closed. What he asked was the sum of all the cash after liquidation.

Qin Yu smiled slightly, "Preliminary estimates, it should be around 150 billion U.S. dollars!"

The corners of Chen Yang's brows were raised, and the smile couldn't stop hanging on his face, "Oh, it's much higher than expected!"

In the first half of the year, Qin Yu estimated that the total amount of funds should be between 130 billion and 140 billion U.S. dollars when the operation was over. Now this figure has exceeded the upper limit.

Huang Shan and Zou Rong beside them couldn't help being speechless,

This is real cash flow. Don't look at those financial giants who claim to have total assets of hundreds of billions or trillions of dollars, but most of them are debts, that is, the funds deposited by customers there. Even tens of billions of dollars is a lot,

For example, Santander Bank, which Rainbow Group is planning to acquire, has a total market value of less than 20 billion U.S. dollars.

Oh, the stock market has plummeted in the past two days, and there may be only a little over 10 billion left,

Gathering all the own cash of this century-old bank, it may only look like more than a billion U.S. dollars.

Therefore, if calculated by its own assets alone, Rainbow Group has long been the world's largest financial group, even surpassing UBS and HSBC.

Seeing the amazed expressions of the three, Qin Yu waved his hands pretending to be calm, "Hey, it's really nothing, just do some math, the global stock market has evaporated several trillion dollars this year,

The daily trading volume of foreign exchange, futures, stocks, bonds and other major financial markets exceeds 10 trillion yuan.

We entered the market with tens of billions of dollars, followed the general trend, and used leverage, but we only made so little.

Not worth mentioning, really not worth mentioning! "

Good guy, this is embarrassing for her,

The three of them burst out laughing.

What Qin Yu said is simple, but it is extremely thrilling. From the beginning of last year to the present, from the Eastern Stock Exchange to the world's major financial markets, she has experienced many ups and downs.

Dozens of major trends, countless operations, you can't make a wrong step, otherwise you will lose all your previous efforts and lose all your money.

That is to say, Chen Yang's accurate prediction of the trend of the market and the world economy, coupled with Qin Yu's subtle operations, can achieve this.

But if there is a lack of one person, or there is not enough trust between the two, this effect cannot be achieved!

After the laughter, Chen Yangha let out a long breath and said,

"This financial crisis has really fulfilled that sentence. It is both a danger and an opportunity.

If there is no subprime mortgage crisis in the United States, let alone 150 billion, if we add up all our assets, it would be good to have 10 billion US dollars.

After this round, we have made a lot of money, and now that the crisis is about to pass, it is time to make some arrangements for the post-crisis era."

As he spoke, he raised his head and looked at Qin Yu, "Mr. Yu, there are two main things on your side, one is to pay close attention to the acquisition of Santander Bank,

Without the financial crisis to make money for us, Rainbow Financial Group~www.mtlnovel.com~ will be like other financial companies in the future and follow the way of business in a down-to-earth manner.

For conventional operations, scale is the key. If we miss this opportunity, we will have to work hard for at least five years.

Moreover, with the current amount of funds of Rainbow Group, if there is not enough business volume to form an effective resource network, I am afraid that it will be coveted by all parties and cause a lot of trouble. "

Qin Yu nodded solemnly, "Understood, I will use this to exchange benefits with Goldman Sachs and Morgan Stanley."

These two companies can be regarded as absolute authorities in the field of bank mergers and acquisitions.

Originally, through the exchange of benefits, they have already obtained some convenience from them. Now that this is added, it is not too difficult to ask them to provide some convenience appropriately.

She is very confident about this, the difference lies in how to magnify these conveniences through negotiations.

Chen Yang smiled and continued, "The second one is the bottom-hunting in the stock market. Since you and Mr. Shan have divided your work, you can concentrate on the financial market. If you need to directly invest in the company's equity, there will be Shan will always carry it out."

Huang Shan and Qin Yu all made an ok gesture, indicating that there is no problem.

Chapter end