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.

Benett, who was slightly chubby, seemed even more easy-going in front of the lean and serious Greenspaner. He smiled and said, “Do you have anything you want to say to me that you can’t say in front of them since you kept me here?”

Greenspaner nodded and said, “Mr. Benett, I know that the investment company and fund under your name has just dumped 2 billion US Dollars in assets i In the subprime market.”

Benett nodded and said, “Yes, and I was the one who gave the order. The chaos this time made me realize that the subprime market of the United States has serious problems and I need to be responsible with my investors.”

Greenspaner nodded and said, “Yes,

that’s why I understand your decision very well.”

“Then, can I go now?” Benett asked.

Greenspaner ignored Benett and continued asking, “Mr. Benett, I need you to give me some advice. Do you think that the situation in the subprime market is beyond salvation?”