The White House lawn press conference ended, followed by a White House cocktail reception, with everyone having a smile on their face.
Hardy also took this opportunity to get to know many people.
The Roosevelts, the Adams, the Harrisons, the Rockefellers, the Morgans, the Rothschilds, the Hills, the Stillmans...
There are also many heads of large companies, including Citibank, First National Bank, JPMorgan Chase, Morgan Trust, Hanover, New York National Commercial Bank, etc.
Some people here used to be not optimistic about Johnson, and there were even many Dewey supporters. But today, Johnson won the re-election and Dewey lost, and all these people came to congratulate him.
To them, it was just a failed investment.
It didn't have much impact.
Johnson won, so it's only natural for him to come over and build good relations.
This is the norm for sponsors.
At the same time, many bigwigs were watching the handsome young man in the crowd, Jon Hardy, Johnson's biggest supporter.
At the age of 27, Hadi is still a youngster in his family. Perhaps some of them have just started working in some industries, or are still in the process of training. However, Hadi has already achieved remarkable success.
before,
Hardy was just a rising business upstart, a nouveau riche in the eyes of others, but now with this successful investment in Johnson, no one dares to look down on him anymore.
So what if it’s a big family? Didn’t they also build up step by step like this?
Hardy raised a glass and chatted with these people. His demeanor was no less than those of the old family members. In his previous life, Hardy was just a small businessman, but in this life, he has come step by step and grown a lot.
Moreover, he still has an understanding of the world in the next few decades in his mind, and it may be possible for him to surpass these families in the future, so he is very relaxed.
Giannini and several senior executives of Bank of America also came. Hardy's victory was also their victory, and the smiles on their faces were even brighter.
The California Corporation had long sought political support, but with little success. It was not until Nicolson that it successfully launched its own interest representative.
Although this investment was Hardy's sole investment in Johnson, Hardy was already one of the core families of the California Consortium, which was equivalent to the success of the California Consortium's investment. Whatever business Hardy had in the future, it would be impossible for him not to involve the Consortium.
The only difference is that the core of the California consortium will probably shift more towards Hardy, and Hardy will have more say in the consortium.
After the White House reception, Johnson still had a lot of things to do, so Hardy said goodbye to Johnson and returned to San Francisco with the California Consortium.
Why return to San Francisco?
Because Hardy mentioned the issue of "limited universal health insurance" to Giannini after the cocktail party, Giannini immediately realized that this was another big business and pulled Hardy back to discuss it.
janini estate.
Giannini, Hardy and the chairman of Security Pacific Insurance sat in the study. Hardy said, "Johnson asked me what I thought about universal health care, and I disagreed."
As everyone here knows, Johnson's universal health care plan was met with great criticism and resistance at the beginning, and the possibility of its passage was almost non-existent because it affected all the financial groups.
In ancient China, imperial power was so centralized that one had to be extremely cautious if one wanted to take a piece of the ministers' cake, and it might not even be possible to implement it, let alone a president who was supported by a consortium.
"I suggested to President Johnson that he could implement a 'limited universal health care' policy, where the federal government would provide a portion of the budget, the state government would provide a portion of the financial subsidy, and the people would pay a portion of the insurance premium themselves, and the three parties would work together to purchase insurance."
"And this insurance cannot pay the full amount. It can only reimburse a certain percentage of the amount. There is also a maximum limit. For example, if you only buy the most basic insurance, the reimbursement amount will not exceed 50%. The maximum limit is also linked to the amount you purchased. As for how to calculate it, that is the job of the insurance company's actuary."
"President Johnson is very interested in my proposal because the universal health care he proposed before was too idealistic. It made the rich take the initiative to sacrifice their own flesh and blood to support the poor, which is very unrealistic. However, this plan hardly touches the pie of the rich, but does provide certain benefits to the poor."
"As for insurance companies, they can get money from the federal and state governments, and then collect part of it from the public. This business is definitely profitable. As for some people who think that this health insurance is too weak and cannot meet their health insurance requirements, that's okay. You can buy commercial health insurance."
"And in order to cooperate with this 'limited universal health care', we can also ask the federal and state governments for policies, such as tax cuts."
Giannini and the chairman of Security Pacific Insurance Company nodded their heads as they listened to this. If this is the case, the medical insurance will have a much higher chance of being approved, and the medical insurance company will also be profitable. It is indeed a good business.
"Hadi, how much share can you get?" asked Giannini.
Hardy held up three fingers.
"I estimate we can get 30%." said Hardy.
The U.S. now has a population of 150 million, and 30% of that is about 50 million. Even if only $100 is collected from these people each year, it would be a $5 billion business. Based on the previous medical insurance profit margin of 20% to 30%, that would be a profit of more than $1 billion.
Money moves people's hearts.
Even a big banker like Giannini was tempted by this income.
"Hadi, what do you think?" Giannini asked.
Since Hardy mentioned this matter to him, it means he has no intention of keeping it all to himself. Of course, Hardy is still the leader of this matter, and this cannot be changed.
"I have two options. One is for Wells Fargo Insurance to take over the business and then subcontract it to Bank of America and Security Pacific."
Giannini and the chairman of Safe Pacific declined to comment.
If they were taken over by Wells Fargo, their profits would be much less. Then they would have to hand over the business to them and do all the dirty and tiring work. How could they be willing to do that?
"The second is that the three of us will form a new company, each contributing capital, and agree on the shareholding ratio to take over this business together."
“That’s a good idea.”
As soon as Hadi finished speaking, Janini and the other person immediately agreed.
Equal pay for equal work is good.
Finally, the three companies agreed to form a large insurance company, with each company investing US$100 million. Wells Fargo would hold a 40% stake, Bank of America and Security Pacific Insurance would each hold a 30% stake, and the company would be jointly operated by the three companies.
Why does Hardy have a larger share? Because he is the most critical person in making this business happen. Without him, there would be no business.
The other two companies not only had to pay money, but also had to put up a portion of insurance resources, which is why they were able to get a 30% stake.
Wells Fargo is very weak in the insurance industry, while the other two are indeed national insurance companies.
As for the specific details, Hardy handed it over to Wells Fargo people to handle. It is still in the initial stage and the government has not yet approved it. It is estimated that it will take about half a year to actually implement it, but it is definitely right to prepare now.
After saying goodbye to Janini, Hardy went to Las Vegas.
Before the presidential election, Hadi asked the casino to open a market to bet on the election results. By the deadline, more than 50 million bets were placed.
Although Johnson's performance improved a little, some people still favored Dewey, and Dewey's odds were much higher than Johnson's, which made many gamblers excited, so many people bet on Dewey.
Now that the election results are out, Johnson has won re-election, and all those who suppressed Dewey have lost. After calculation, the casino has made a total profit of 15.68 million US dollars.
This was 15 million in 1948, and many people were envious when they saw it.
Of course,
This money is not Hardy's own. He only owns more than 30% of the casino's shares. The Corrion family and Bank of America also have considerable shares, so they can also make a lot of money.
The old godfather made a special call to Hardy, and the two had a very happy chat on the phone. Now the old godfather has handed over all the family's black industries to Tom, and he himself focuses on contacting the upper class and politicians.
Paving the way for my son's future.
Now Mike has joined Johnson's White House administration as Assistant to the President and Director of the Liaison Office. If Johnson is re-elected, he can continue in this position. Working in the White House and being in a core position is definitely an excellent training opportunity for Mike.
The old godfather became more and more hopeful about the future of his family, so he lived with more energy than before.
"Hardy, Mike's first child is about to be born. I have a request. I hope you can be the child's godfather?" said the old godfather.
The tone was sincere, with a hint of request.
"Of course, I would love to be the godfather of Mike's child." Hardy agreed very straightforwardly.
The old godfather laughed on the phone, "Haha, my unborn grandson now has a good godfather. I am happy for him."
After hanging up the phone, Hardy smiled softly.
He found it very interesting that the world he traveled to might be the world of The Godfather, but now he has become the godfather of Michael's son.
It's a wonderful feeling.
Am I the godfather of this world?
......
Today, Hardy's Casino is doing better and better, receiving tens of thousands of tourists and gamblers every day, but at the same time it has also sucked away business from other casinos.
This caused many mafia families to complain.
Of course,
The families who founded the Venetian Casino with Hardy were actually happier because they were looking forward to the future.
Hardy's Casino business is so good, so it will definitely be even better when the bigger Venetian is built in the future.
And there is also the TV award-awarding business, and this business alone definitely cannot make up for the loss.
This also caused the casinos in Las Vegas to become polarized. Families that invested in Hardy hoped that Las Vegas would become more and more prosperous, while families that did not invest chose to follow Basini to invest in Cuba, seeing that place as their future.
Perhaps Hardy is the only one in the world who knows that this investment is destined to be a loss-making business. In two years at most, there will be trouble over there, and Basini and his team will lose all their investment.
Some days ago,
Hadi heard on the news that there was an anti-imperialist conference in Cuba and that a bloody conflict had taken place. He knew that this incident was one of the signs and fuses of a future military coup in Cuba.
Hardy's post-war supplies sales company also had business in Cuba. He heard reports from his men that they had come into contact with a group of people who had secretly purchased a batch of weapons and supplies at a large sum of money. Hardy guessed at the time that they might be the people who would launch a riot in the future.
Hadi is happy with whoever the weapons are sold to.
I neither support nor oppose it, I am just a businessman selling goods. However, he still reminded us that this is a long-term cooperation line and it should not be broken. If the other party continues to buy equipment, we can sell it to them at a discount.
......
Bill was in Las Vegas. When he heard that Hardy was coming, he ran over and said, "Boss, the investment agency has been sorted out. It has been divided into three parts. The number of operators is also increasing. Now there are more than 2,000 people."
The business of investment agencies has skyrocketed these days.
Hardy's Casino won the lawsuit, and the televised lottery betting business became legal, which greatly stimulated the enthusiasm of the American people to participate in lottery activities.
What business is easiest to make money?
That is, the more businesses cover people's lives, the easier it is to make money. If there are 1 million people placing bets, even if they only invest the minimum of 100 US dollars, it is a 100 million US dollar business. If there are 10 million people playing, it is a 1 billion US dollar business.
This is also the reason why Internet companies were able to rise so quickly in later generations, because they used a network to connect people all over the world and made money from them.