American Legendary Life

The greeting was very short, and all the influential bankers in the United States gathered here, not for the sake of ridicule.

After the crowd took the seats, the meeting quickly cut to the point, with regard to the enactment of the Bank of America Act, strengthening the Federal Reserve’s right to formulate and implement monetary policy.

"Roosevelt's strengthening of capital's control of the United States is about to begin." Li Zitao kept smiling, but he was thinking about the benefits of this matter for him.

Roosevelt was a representative of the big capital consortium, and he was one of them. There was nothing wrong with seeking welfare for capital.

Moreover, it is necessary to drag the United States out of the quagmire. Without these capitalists, it may be easier to dream with a Washington that cannot operate any business.

Now he not only wants to strengthen the rights of the Federal Reserve, but also to strengthen the rights of the president, Marina Icos is his partner.

The enactment of the Banking Act also represents the end of the era in which banks operate multiple businesses, and the boundaries between commercial banks and investment banks are thus divided.

"The current banking law is not clear about whether banks can operate financial services other than deposits and loans. Securities, insurance and other businesses are not clear. The Ministry of Justice and the Ministry of Finance are in dispute. The Federal Reserve is supervised by all parties and cannot play its role. Some functions, for the healthy development of the banking industry, we should..."

Marina Ikos's language is frustrating and powerful, and the wave of waving from time to time strengthens his persistence and affirmation of his words.

But everyone on the scene was also an old fox who had been practicing for many years, squinting his eyes quietly, as if enjoying a relaxing afternoon sun.

The division of management rights will unintentionally harm the interests of everyone, but it will also flow out of new market vacancies, making competition more intense, and new institutions popping up like mushrooms.

This is beneficial to the entire market, but no one wants to be the first bird.

In particular, several companies have set their sights on Little Morgan, and the most affected one is naturally JP Morgan. No one is more complicated than its business.

In recent years, JP Morgan has avoided being forced to be split by Congress. For what it is, it is not because once the split, there will be gaps in the original market, so that some institutions or lucky people who get stitches can get the benefits that should belong to them.

It will also increase their operating costs, and the company's overall operations will not be as smooth and seamless as it is now.

Li Zitao also remained silent. He was the youngest and had the smallest capital at the scene.

Take a look at the consultants of the Ministry of Finance, the Ministry of Justice, the President of the New York Stock Exchange, the President of the American Stock Exchange, Goldman Sachs, JP. Morgan, Merrill Lynch, Lehman Brothers...

Now Lehman Brothers is in the limelight, assisting in the establishment of the New York Cotton Exchange, obtaining trading seats on the New York Stock Exchange, underwriting stock issuance, managing the first RB government bond sale transaction, underwriting 1.5 US dollars of RB government bonds, for the Kanto earthquake Preparing funds, etc., Lehman's mix in the international market, especially RB, is unprecedented.

Who can imagine that this capital-rich investment bank with a long history will be forced to file for bankruptcy in the future due to various complicated reasons.

Regarding the bankruptcy of Lehman's future generations, there were many opinions on the Internet, and experts also appeared in three days, but Li Zitao now thinks that it is not that simple.

There are certainly other reasons why the Federal Reserve does not provide funding for it, why Washington let its bankruptcy go bankrupt, and why Morgan is contributing to it.

It's not always possible for everyone to look at Lehman and look at it to die?

This time, we must not only redefine the business scope of the bank, but also abandon the gold standard and establish a federal deposit insurance system to prevent the run-off from happening again.

This matter cannot be solved in a day or two. Li Zitao lowered his posture and decided to be a good student, listen more, read more, and never speak.

Fortunately, no one asked him questions. Even the little Morgan that he was most worried about had no time to take care of him. He was busy trying to find a way to avoid the birth of the new bill.

Li Zitao has a good time. It would be better if he could have a glass of wine and a fresh sashimi.

At 10 o'clock in the evening, the meeting ended on time. Li Zitao and Little John went out together and were talking about their views. Little Morgan caught up.

"Charlie, what do you think of the bill the chairman said today?" Morgan Jr. asked directly.

"What opinion can I have? There are many banks under Li's holdings, and the division of management rights can allow those small banks to go further." Li Zitao laughed casually.

"Then you agree, don't you worry about the rich country?" Little Morgan narrowed his eyes, anxious in his heart, and he needed to gather all the power as soon as possible.

"This is a bit troublesome, right." Li Zitao turned his head to little John and laughed: "Uncle John, Chase's business is all on savings?"

"According to the new statement in the bill, it should be a commercial bank." Little John would smile and make Little Morgan's face darker.

"I hope you won't regret it." After finishing talking, Morgan would speed up and leave. He needed to contact other people to see if he could win a collaborator.

"I really don't know what they are insisting on?" Li Zitao shrugged silently.

"Once the situation is broken, JP Morgan's status will be shaken, and of course they will be anxious." Little John gave him a deep look and said with a meaning.

Li Zitao hadn't responded yet, but he walked on the road to savor the taste, roughly understood the meaning of little John.

JP Morgan is now a well-deserved boss. If it is divided into two, it is equivalent to the separation of rich men in ancient times. The power is naturally not as good as before.

After the separation, it is inevitable that there will be filth, "Hey, this is really interesting!"

The more I figured out that Li Zitao felt more interesting~www.readwn.com~ It seems that what he thought was too simple before.

For the next three days, Little Morgan was looking for ways to win the league.

At the beginning, there were people who stood by him because of concerns, but as time went on, everyone saw the benefits of this, and if they didn't split Morgan, how could they be in the first place.

Fierce competition also means that the market is more active and more profitable. If Wall Street is always the same as it is now, they are like a pool of stagnant water. They will not starve to death sooner or later.

When it came to expressing its position, the situation showed a tendency of one-sidedness, and Morgan Jr. knew the general trend, and the next thing to consider was later.

Sitting in the position of Morgan will never easily regret or anger, things are foreseeable, then find ways to reduce losses and earn greater benefits from it.

JP. Morgan is going to be a commercial bank or an investment bank, which is the focus next.

The meeting has been open for five consecutive days and it has not ended. Regarding the new banking law, the financial supervision agency to be set up in Washington, the specific rules and regulations are all derived from the trade-offs.

To be completely killed with a stick is equivalent to turning over all financial giants, and Roosevelt is unlikely to do so.

But letting the market develop freely as before is undoubtedly detrimental to the future of the United States.

Listening to the old foxes, it's light and windy, you're debating one sentence at a time. Li Zitao has learned more in recent days than in previous years.

At least he looks at the problem now, and it is no longer purely based on his own position, the company's position or short-term interests.

"Only a strong American can bring more benefits, and at the same time protect these interests from being infringed. In this world, after all, the fist is the final one." On the night when the meeting officially ended, Little John gave a meaningful shot Say this on his shoulder.