Life at The Top novel Chapter 1815

Hamilton’s words caused a moment of

silence on the other end of the phone.

“Mr. President, I have already written the

relevant report and I will send it to your

email immediately. Please approve and

put in your comments after you review it

with your team.”

Hamilton’s words brought the president o

n the other end of the phone back to his

senses.

“Okay, I look forward to your report.”

After he finished speaking, he hung up the

phone.

Hamilton sat next to the computer in

excitement and sent an email from the

encrypted USB flash drive to the business

e-mail of the president in Washington.

Hamilton knew that if this went

smoothly, this report would be classified a

s top secret and would be kept

permanently under wraps.

As the initiator of this report, Hamilton felt a sense of accomplishment from participating in a major historical process.

Facing the current tense domestic economic situation, Washington had obviously raised the priority of this report to the highest level.

Hamilton only waited for an hour before h e received an official notice.

Approved!

That word perked Hamilton up.

He immediately contacted his partner, Greenspaner.

“Washington has passed our report and w e can start at any time.”

Hamilton’s words did not surprise Greenspaner too much.

No one knew the economic system and economic rules of the United States better than him. This idea was proposed by him, so he was confident that Washington would pass it.

“Those people from Somerland need to be taught a lesson to let them understand who has the final say in this world.”

Greenspaner said to Hamilton.

“However, we need some time to prepare before entering Somarland’s financial market. Before that, we must maintain the subprime market so that it does not collapse too much.

“I heard that Layman is already looking for investors to acquire them, and we can manipulate this. We have to find a way to facilitate this transaction and at least help them find a good buyer. In this way, the blow on Wall Street capital from the crisis this time will be greatly reduced.

“In addition to this, in terms of policy, I a m considering exempting 70% of the interest on housing loans across the federal government.

“The most important item in the subprime market is the housing credit loan trust. If we exempt interest, it will be a benign stimulus to the real estate market, so that people will not be burdened with debt pressure that might

ward off interest.”

Hamilton nodded as he listened.

However, when he heard about the 70% interest exemption, he frowned slightly and said, “Isn’t this ratio too large? If such a heavy burden is transferred from the people to the banks, many banks may go bankrupt.”

“Then so be it.”

Greenspaner spread his hands and said, ” Who said that the bank can’t go bankrupt?

“Those small and medium-sized banks can’t contribute much to the federal government. If they go bankrupt, then so b e it. After all, in a financial crisis, there will be sacrifices. Who cares whether they live or die?”

“The problem is that once banks go bankrupt on a large scale, it will lead to the collapse of the bank’s credit system, then, the interests of a large number of depositors will be impaired. Furthermore, banks, as the main distributing body of loans, will inevitably lead to large-scale personal loan defaults throughout society if they fail. It will be very serious.”