At this time, Fannie and Freddie Group did not have any negative news. Bush also thought that Fannie and Freddie Group would not have any problems. In his opinion, with these two giant real estate groups, there would not be any big problems in the US real estate market.
The CEOs of Fannie and Freddie Group came. They were important participants in Bush's housing plan, and it was because of this plan that Fannie and Freddie Group quickly became a giant.
These two companies did not forget to support the US government after they developed. They were one of the top government-sponsored companies in the US, and they were also private companies.
After listening to Bush's request, the CEOs of Fannie and Freddie Group looked at each other.
"Mr. President, this is not an easy thing to do. You asked us to take over those failing real estate finance companies, which means you want us to buy their mortgages. "
"Many of those companies' mortgages are already bad debts. If we buy them, we will be the ones suffering losses. The companies are still profitable now. What if the company's profits decrease or even suffer losses because of this? "
The income of the CEOs of Fannie and Freddie Group was linked to the company's profits. If the profits were good, their annual income could theoretically reach 20 million US dollars. If the profits were bad, they would not even get 10 million US dollars according to the contract. They would lose half of the money.
They were just CEOs. To put it bluntly, they were just high-level employees. They worked at Fannie and Freddie Group for the money.
It was not that they could not help Bush, but it would seriously harm their personal interests.
Bush quickly said, "How can we suffer losses? You know that the Federal Reserve cut interest rates. I will find a way to make the Federal Reserve cut interest rates again, so that many people can afford the loans. I will also take a series of plans to make those people repay the money as soon as possible. "
"If you help me, you will also help the Congress. We will not forget this, and we will definitely make some policy changes to ensure your profits."
Bush's statement did not make the two CEOs of Fannie and Freddie Group confused. The US had different social classes according to income. If the poor could not make money here, they could go to the middle class to make money.
During the dotcom bubble, the financial scandal of Fannie and Freddie Group dropped their status a lot. It was also at that time that the former CEOs of the two companies were forced to resign, and they had the opportunity to take over.
If they could restore Fannie and Freddie Group's transcendent status, then their income would inevitably increase a lot again, which would also have unparalleled benefits for them personally.
The two CEOs also knew that the US property prices had started to fall, and their profits for the first quarter were not as good as expected. Without the government's help, they might lose money in the second quarter.
Therefore, they actually wanted to get closer to the government so that they could use the government's policies to make money again. Otherwise, not only would these two executives' salaries not reach the peak of 20 million USD, they might not even reach 5 million USD, and they might even be forced to resign.
The two discussed for a while and agreed to Bush's request. However, they still needed to discuss how to implement it. To put it bluntly, it depended on the sincerity of the government.
After the CEOs of the two groups left, Bush's people knocked on the door and came in to tell them some preliminary results.
It was said that this news was leaked to the media on purpose, but no one knew who it was. Those informants were too difficult to find.
However, they had another way, which was to see whose interests it would benefit the most after these news reports came out. Even if this person was not the informant, he must be the first person who knew about it!
At this time, property prices had fallen to the bottom, and they found out that many people had taken loans when property prices were at their peak. This included many real estate tycoons.
But it does not seem right to say that it was these people who did it. If this matter was blown up, they will also go bankrupt. Unless, they can use the money to make more money. However, they did not find anyone who made a lot of money.
Then it should be the second scenario. Someone is profiting from the financial market.
They started to investigate, and many people had dumped their real-estate-related shares today. The one leading the sell-off was one of Hua Xia's state-owned assets.
But they found out that Hua Xia's state-owned assets had started to dump their shares in the US stock market after Chinese New Year. It was said that Hua Xia's side needs a large sum of money.
Then it might be a coincidence for them to dump their real-estate-related shares.
More importantly, they do not want to believe that Hua Xia's people are more sensitive than the US and knew about these news in advance. Many of them had the impression that Hua Xia's people are not good at the financial market and are lagging behind them by decades. Even if Hua Xia's people had developed fast in the past few years, they should be lagging behind them by more than a decade.
Soon, they found out that many large transactions of real-estate-related shares were from Hong Kong.
Hong Kong should also belong to Hua Xia. Although it is one country, two systems, it should have a significant impact on the financial market.
Could it be that Hua Xia's people are behind this? Is there such a talent in Hua Xia's people? Many top companies' managers do not have this kind of economic sense.
Then, they discovered another thing. It seems like the Russians are also involved in this matter.
"President, based on our analysis, there is a high possibility that this incident is caused by one person. You should know this person. He is Feng Yu. "
"Who? Feng Yu? That Hua Xia's people? That World's Richest Man? "Bush's eyes opened wide.
"That's right. We have analyzed him. Feng Yu's status in Hua Xia's eyes is high. He also has lots of investments in Hong Kong, and one of them is Wind & Rain Consulting. In Russia, it should be Kirilenko. Europe's top tycoon and one of the top ten tycoons in the world. He is also Feng Yu's good friend, and they were friends before they became rich! "
"Someone who can get Hua Xia's, Hong Kong's, and Russian's funds to participate in this incident and has so many information channels in the US, Feng Yu is the most suitable candidate. Other people might also be involved, but Feng Yu is the most likely! "
"Don't forget that Feng Yu is the one who exposed the scandal of WorldCom and Enron during the internet bubble. What's the difference between this incident and that incident? "
Feng Yu again?!
The last internet bubble had dealt a heavy blow to Bush's reputation. During the internet boom, Clinton took all the benefits and glory, and Bush had to clean up the mess.
This time, Bush had used the property market to stimulate China's economy, and Feng Yu is going to stir up trouble again?
No! I must not let Feng Yu succeed!
… …
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