Hollywood starts with an agent

Chapter 489 Don't be too arrogant

Now that Rupert Murdoch has acquired the Los Angeles Dodgers, he will definitely make a move on Manchester United in the English Premier League next.

It's not difficult to get Manchester United's shareholders on board; the main challenge is convincing the FA, the Premier League, and Manchester United's fan base.

After all, News Corporation owns Sky TV, which has the rights to broadcast the English Premier League!
After leaving the Fairmont Century Plaza Hotel, Aaron went to a suite at the Peninsula Hotel in Beverly Hills and met with Leon Panetta, Clinton’s former White House Chief of Staff.
Leon Panetta held this position from 1993 until he stepped down earlier this year, and Erskine Powers succeeded him.

"Has something happened again?"

Aaron sat on the sofa. Leon Panetta is from California and was formerly a U.S. Representative from California.

Although he has left his post, he still works in other government departments and maintains contact with Clinton's side.

"It seems there's some trouble at the White House."

"As you know, President Clinton was committed to reducing the fiscal deficit and cut a lot of government budgets;"

"Some time ago, President Clinton wanted to integrate the intelligence system and wanted to investigate some of the CIA's (Central Intelligence Agency), NSA's (National Security Agency), and FBI's (Federal Bureau of Investigation) slush funds!"

Leon Panetta said, looking at Aaron with a hint of helplessness in his eyes.

"These institutions have existed for so many years, can the president just touch them at will?"

Aaron shook his head. "Our president is a bit arrogant!"

The reason is simple: under Clinton's leadership, the United States has developed very well in recent years, in terms of its economy, military, and cultural industries.
Now, Clinton wants more power.

Leon Panetta sighed. "And that's not all. More importantly, the country's financial giants want to repeal the Glass-Steagall Act, which came into effect in 1933."

"President Clinton disagrees!"

The Glass-Steagall Act primarily separates investment banking from commercial banking, ensuring that commercial banks avoid the risks associated with the securities industry.
Involving banking, securities, and insurance, some of the legislation concerning insurance in the 1950s became the Federal Deposit Insurance Act!
Simply put, the Glass-Steagall Act is designed to prevent commercial banks from engaging in securities business similar to investment banks.

However, commercial banks now have their own investment departments, thus circumventing this law.
In particular, the merger of Travellers Group and Citibank this year is a direct challenge to the Glass-Steagall Act.

Ten years ago, the Glass-Steagall Act almost succeeded in being repealed, but it was interrupted by the 1987 stock market crash!

Aaron sighed. "Times are constantly evolving. The Glass-Steagall Act, a product of the financial crisis in the United States in the 1930s, is indeed no longer suitable!"

The Glass-Steagall Act, like the Paramount Act in Hollywood, is a product of a specific period.

The Paramount Act opened the door during Reagan's era, and now, which Hollywood film company doesn't operate a chain of theaters?
The Paramount Act has not been repealed, but it is now practically useless!
"Now that Citibank and Travelers Group have merged, isn't it obvious?"

"Can the Glass-Steagall Act still serve an oversight function? Whether it's repealed or not is irrelevant!" Clinton's actions offended Wall Street banking giants, putting him at odds with both the US intelligence system and banking tycoons.

Aaron frowned. "Clinton, what exactly is he trying to do?"

Leon Panetta smiled. "This year's Asian financial crisis has made American conglomerates incredibly wealthy."

"President Clinton is currently in an invincible position, and the United States is more powerful than ever before!"

Aaron let out a sigh of relief. "When did America become a country where the president makes all the decisions?"

"He was unwilling to accept this and wanted to take control of his own destiny!"

Both men understood that Clinton's achievements in recent years had been so great that he had developed unwarranted ambitions.

Aaron looked at Leon Panetta. "Do you have any suggestions, Leon?"

Leon Panetta thought for a moment, "Wait, this time we're harvesting Asia, and it's time to divide the spoils. Aaron, you need to hold onto your own interests!"

Aaron took a sip of champagne, his eyes sharpening. "No one can take my interests away. All I want is a small portion from South Korea."

"They divided so much among themselves, my share must be mine..."

Although Asia was in dire straits due to the financial crisis, few people in the glitz and glamour of Los Angeles cared.

In its second week, Titanic saw a box office rebound, grossing over $3500 million, and its positive word-of-mouth continued to grow!
The Houston Post: "The film's visual effects are stunning, perfectly recreating the luxury and horror of the Titanic through superb special effects technology, making the audience feel as if they are there."

The Los Angeles Times: "Thematically, *Titanic* is not merely a story of love and disaster, but a reflection on human destiny, social class, and human nature."

"The Titanic symbolizes humanity's blind confidence in technology, and its sinking serves as a warning of the irresistible power of nature. The film reveals the differences between social classes, while also showcasing the kindness and spirit of sacrifice in humanity!"

At the same time, the low-budget art film "Good Will Hunting" released by Dawn also began its public screening. Although the scale of the screening was not large, it received high praise and was sought after by many film critics.

Director Gus Van Sant, together with Hollywood actors Matt Damon and Robin Williams, has delivered a work brimming with human brilliance.

The Hollywood Reporter: "The best thing about Good Will Hunting is not its carefully crafted psychological symmetry, but its chaotic portrayal of humanity. It's noisy, funny, and heartbreaking—it's full of life cycles."

The Austin Chronicle: "The film Good Will Hunting is part character study, part redemption drama, and all the cheesy stuff in the movie. It's a Boston barbecue-flavored melodrama that's a little too sticky at times, but still delicious."

The New York Times: "This film is a character-driven narrative because director Gus Van Sant and his co-writers are not afraid to unravel the psychological mysteries of their five main characters with clear and concise dialogue."

Matt Damon's outstanding performance in Good Will Hunting truly impressed Aaron and others.
It seems that Dawn Universal has found a suitable male lead for its action film series "The Bourne Identity"!
(End of this chapter)