too big to fall

Braeden 2022-10-22 21:18:54

It is too big to fail, as can be seen in a rescue letter from an HD group that has been circulated. The balance of interest-bearing liabilities is 835.5 billion yuan, involving 128 banking financial institutions, 140,000 employees, 3.17 million jobs, and 8,000 upstream and downstream cooperative enterprises. Yu family, do you dare to let me fall? The greed of capital, the indulgence of the system, and the illusion of prosperity have jointly created this thrilling crisis. The government directly bails out, which is only natural in socialist countries. In capitalist countries, it simply shakes the country's capital. For fear that the government's hands will violate the sacred and inviolable private property, it is no wonder that the choices in the play are so difficult. The most ironic scene is that at a time when the country and the world are about to fall into crisis, the capitalists are most concerned about whether the state will limit the salary of personnel after the capital injection. They are all elites who graduated from famous schools, full of self-interest and only responsible for private capital. The country doesn't care. The faces of Wall Street elites can be seen, and I think this is the deep meaning of the screenwriter specially designed this scene. At the end of the story, the monster with no background was killed, and the monster with background was taken away by the master.

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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.