Life at The Top novel Chapter 1800

Jake and Baz looked at each other. Then,

Jake said softly, “Mr. Laine, we might be

under great pressure if this is the case.”.

“It’s more than that.”

Jasper sighed and said, “Once there’s a

flood, everything will get out of control.”

Although they had the palace guards from

the SBS Bank to help them, there was a

basic concept that should not be

misunderstood.

The palace guards would never be able to

defeat the Federal Reserve.

Therefore, Jasper needed to know how

and where to use the palace guards.

If he did not use it well, he would be

causing trouble for the palace guards for

nothing. If he used it well, then it would b

e a miraculous trick.

However, Jasper had his own plans for

this.

“Let’s wait until the market opens.” The time for the market to open finally came as everyone attentively watched on.

As soon as the market opened, thanks to the rescue measures of the Federal Reserve, the points in the subprime market began to stabilize and did not continue the previous day’s plunge.

It was already great news for the market if

it did not fall.

Because based on the performance of the previous day, the United States subprime market was already teetering on the brink collapse, and now the Federal Reserve’s participation had imposed a backstop for the market abruptly, which was the 0.35 discount rate. In layman’s terms, the maximum loss was 35 US Dollars for every 100 US Dollars.

Although it was still a terrifying loss from a numerical point of view, it was necessary to know that the trading rules o f the subprime market allowed people to: directly liquidate the position.

Compared with the account being emptied

directly, the policy of providing 300 billion US Dollars to act as a backstop to ensure that the loss would only amount to 65% of the actual value was already regarded as cheating.

The most important thing was attitude.

The Federal Reserve rescuing the market

meant that the United States government

would not allow the subprime market to