Wall Street is under too much pressure

D'angelo 2022-10-31 23:50:25

Although there are no thrilling scenes, the war between smart businessmen is equally thrilling. Think about the existence of countless small families behind every bank. The failure of a bank represents how many ruined existences, and the capitalists are here At this moment, it is impossible to take into account the overall situation at all, and there can be no more restrictions on government subsidies, because it is sad enough to worry that these CEOs and giants will not want them.

When I watched it, I felt very depressed. Maybe it was because he had brought in too much the role of the Minister of Finance. His work pressure was too great. So many people who jumped off the building lost everything they had overnight, and few had the courage to start all over again. It was simply a mentality.

When I saw the working state of the Minister of Finance, I understood why many professionals needed to go to other places during the holidays. I used to see people saying that traveling is going from a place you are tired of staying to a place that others are tired of. At that time, I quite agreed. This sentence, I feel that this view is too one-sided. Sometimes travel is to change the environment, because the environment you are in now puts too much pressure on you, so that your thinking is limited to one mode, but travel can change the environment. Change your mind.

When I saw the working status of the Minister of Finance, I remembered my own high pressure last year, but the pressure of others is indeed because a decision affects the overall situation of the country, and I have a huge income. I am a small screw. Fortunately, I am not so tired this year. .

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Extended Reading

Too Big to Fail quotes

  • Richard Fuld: [on the housing crisis] You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat."

    Joe Gregory: [chuckles] You heard anything from Buffett?

    Erin Callan: He's asking for preferred shares at 40, with a dividend of nine percent.

    Richard Fuld: [annoyed] We were just at 66. What the fuck?

    Joe Gregory: Maybe it's just an opening gambit, Dick.

    Richard Fuld: Sounds more like a goddamn insult!

    Erin Callan: Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight.

    Richard Fuld: You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back.

    Joe Gregory: Koreans have been sniffing around.

    Richard Fuld: There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch.

    Erin Callan: So what do we do about Buffett?

    Richard Fuld: Screw Warren Buffett.

  • Ben Bernanke: [Having breakfast with Henry Paulson] Lehman's down another 10%.

    Henry Paulson: You are not gonna let me get down a single bite, are you?

    Ben Bernanke: This is why I have oatmeal.