Life at The Top novel Chapter 1793

After Greenspaner said the second sentence, everyone in the room was shocked.

Although the 0.35 conversion rate was

very unimpressive, everyone understood

that this was the biggest compromise that

the Fed could make.

After all, this money was equivalent to the

Feds’ free use of the central bank to save

the market. Since it was free, then you

should take the largest amount you could.

Similarly, the bigwigs also understood

why the Feds and Washington would

abandon Layman.

Suppose the Federal Reserve’s rescue plan used only 300 billion US Dollars in total. T o get Layman out of this quagmire, they would have to spend 200 billion US Dollars on Layman’s debt alone, so of course, it would be Layman that got the chops.

Everyone looked at Dugg with more sympathy now.

They knew very well that, if everything went smoothly, Dugg’s Layman would probably have no portion of the 300 billion US Dollars..

Greenspaner saw through everyone yet he was still expressionless. After that, he meticulously announced the third piece of news.