When Henry heard Yang Jing talking about John Paulson, he also laughed.
Henry is almost seventy years old this year, but his physique is just like that of old Mike, and he deserves the description of being “old but in good health”.
Moreover, people like them really become more and more amazing as they get older, especially when it comes to analyzing market trends, which is even more amazing. If Yang Jing had not come from the future, he would definitely be in awe of this old monster-level investment master.
"Yes, with this little Paulson in the front, old Paulson won't pay too much attention to us, and we can be much more relaxed. Boss, I think after this wave of market is completely over, you can give this little Paulson a medal..."
Several people burst into laughter.
The Little Paulson that Henry was referring to was naturally the younger John Paulson. John Paulson, who was born in 1955, was nearly twenty years younger than Henry, so Henry could naturally call him Little Paulson.
As for Old Paulson, it was naturally Henry Paulson who had just taken office as the US Treasury Secretary. Henry Paulson was more than ten years younger than Henry, but only nine years older than John Paulson, so Henry called him Old Paulson.
The two Paulsons are now well-known in the US real estate market. One is the former chairman and CEO of Goldman Sachs, who just became the US Treasury Secretary last year and is now troubled by the subprime mortgage crisis. The other is the younger Paulson who took advantage of the subprime mortgage crisis to make a fortune. The two are actually on an opposing level.
When Paulson Sr. was the chairman of Goldman Sachs, he made the bank very prosperous and was considered the undisputed leader of Wall Street in the early 20th century. However, after he became the U.S. Treasury Secretary, he was overwhelmed by the sudden subprime mortgage crisis, but he was powerless to do anything about it. How embarrassed was he?
So, naturally, Paulson Sr. wanted to kill the chicken to scare the monkey. But although Paulson Jr. made a fortune from the national crisis, he did not violate any rules. This was his legitimate gain, and even Paulson Sr. could do nothing about it.
David also laughed and said, "I heard that Henry Paulson invited John Paulson to talk a few days ago, but there was no result. It is obvious that our Treasury Secretary has no way to deal with John Paulson."
Henry nodded and said, "So, our Treasury Secretary is obviously going to find another chicken to kill. The subprime mortgage crisis was actually caused by the greedy guys on Wall Street. Paulson also contributed to it. Before he became Treasury Secretary, their Goldman Sachs did a lot of harm in the real estate market. Now that he is Treasury Secretary, he doesn't acknowledge this account and wants to put the blame on others. This is not fair."
Cesar said coldly, "Does any of these senior officials in the Federation have any shame?"
"Haha, this is called shameless versus shameless, let's see who will win in the end!"
Yang Jing shook his head and said, "There will be no winners in this subprime mortgage crisis. If there is, it is us and John Paulson."
Several people gave Yang Jing a thumbs up. His words were so encouraging!
David asked worriedly, "Boss, Henry Paulson is like a mad dog now, looking for someone to establish his authority. Do you think he will find us?"
Because the subprime mortgage crisis was caused by the real estate market, not stock market speculation, the SEC has no power to investigate these investment institutions, but the U.S. Treasury Department can investigate them. Especially when the new Treasury Secretary just took office and encountered such a situation, if Paulson didn't find a target to establish his authority, he would be embarrassed. Maybe he would be kicked out by Bush before he even has a firm seat on the Treasury Secretary's throne.
Of course, Bush Jr. has reasons to be angry. I asked you, Paulson, to be my Treasury Secretary because I saw your ability to call the shots on Wall Street. But you became my Treasury Secretary, but you ended up not achieving anything. You even brought me a subprime mortgage crisis. If you can't handle this, you'd better get out of here!
In fact, Paulson Sr. did not hold the position of Treasury Secretary firmly. As soon as Obama took office, he immediately fired him. The subprime mortgage crisis was the main reason for his dismissal.
Yang Jing shook his head and said, "Old Paulson can't find out about us. Not to mention that our funds are scattered all over the world, Old Paulson has no way to find out. Just a little Paulson can attract half of Old Paulson's attention. In addition, Old Paulson knows very well where the main cause of this subprime mortgage crisis lies, which is the greedy investment institutions on Wall Street. So, even if he wants to establish his authority, I think he will use a large investment bank on Wall Street to establish his authority."
Henry and the other three thought for a while after hearing this, and Cesar then asked, "Boss, would Paulson take action against an investment bank of the size of Bear Stearns or Merrill Lynch?"
Yang Jing smiled, "Who can say for sure about this? Anyway, if I were Paulson Sr., I would definitely use a large investment bank with enough weight to establish my authority. I do this for one reason, to establish my authority, and also for Mr. Bush Jr. to see. The subprime mortgage crisis is inevitable, and the global financial crisis caused by the subprime mortgage crisis is also inevitable. No matter who it is, no one can save the current situation, including Paulson Sr. However, he can use one of the initiators of the subprime mortgage crisis to establish his authority. Look, the subprime mortgage crisis was caused by these guys, and I will punish them well!"
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