The Great Sage Returns from Ten Years of Imprisonment

After discussing Goldman Sachs' investigation into Ling Yun, Deputy Director Zhou also briefed on other events occurring in the international financial markets.

The key information is about the US government's $7000 billion bailout plan, and it's all intelligence that hasn't been officially released yet.

On Saturday morning New York time, Treasury Secretary Paulson submitted the bailout plan to Congress on time!

As expected!

The bailout plan immediately drew numerous objections on Capitol Hill as soon as it was submitted.

The vast majority of Democratic lawmakers, as well as some Republican lawmakers, have come out in opposition to this massive bailout plan!

The main reasons given for opposition are twofold: opposition to excessive government intervention in the economy and opposition to using taxpayers' money to bail out Wall Street!

As a result, it will be extremely difficult for this massive bailout plan to pass on Capitol Hill!

When the market opens on Monday, the news that the implementation of this large-scale market rescue plan is in doubt will inevitably have a huge impact on the international financial market.

From this perspective, a global stock market crash on Monday seems inevitable!

After listening to Deputy Director Zhang's introduction of the news, Ling Yun thought for a moment and nodded decisively.

"The US government's bailout plan will definitely pass, but there will be some adjustments. Now it depends on how the two parties divide the spoils. Once the two parties reach an agreement, the bailout plan will naturally pass."

"Once this bailout plan is approved, we need to pay attention to an important issue: this may be the beginning of the Federal Reserve's unlimited quantitative easing, which will have a huge impact on the global economy in the future."

Deputy Director Zhang paused for a moment, then nodded in response with a solemn expression.

"The Fed's unlimited quantitative easing is a very interesting proposition. I will report it to SZ when I get back."

At this point, he suddenly changed the subject.

"There's one more thing. Right now, Goldman Sachs and Morgan Stanley are in urgent consultations with the Federal Reserve, presumably to discuss how to bail out Goldman Sachs and Morgan Stanley."

"This meeting has lasted for more than three hours, and the entire international financial market is watching it closely. The outcome of the meeting will certainly have a significant impact on the international financial market."

"In your opinion, can Goldman Sachs and Morgan Stanley find a way to resolve the liquidity crisis? If they can find a way to save themselves, what would that way be?"

Ling Yun did not give an immediate answer, but fell silent.

After thinking for a moment, he smiled and said softly:

"Goldman Sachs and Morgan Stanley have only one way to successfully resolve their current severe liquidity crisis: change the nature of their businesses."

"By changing their corporate nature from independent investment banks to bank holding companies, they can establish commercial banks to accept public deposits after the transformation is completed."

"More importantly, by circumventing legal obstacles and permanently accepting emergency loans from the Federal Reserve, the current severe liquidity crisis will naturally be resolved."

"If Goldman Sachs and Morgan Stanley take this approach to save themselves, it will mean the complete end of the era of independent investment banks on Wall Street."

Deputy Director Zhang was stunned and stood there dumbfounded.

After realizing what he had done, he couldn't help but give a thumbs up again.

"I must say, you're a truly rare investment genius. To think of such a method is truly astounding!"

"The results of Goldman Sachs and Morgan Stanley's negotiations with the Federal Reserve are expected to be released tonight. Let's wait and see!"

After chatting for a while, Deputy Director Zhang said goodbye and took a car back to Haizi.

After seeing Deputy Director Zhang off, Ling Yun returned to the office with Director Liu and the others.

After entering and settling down on the sofa, Lingyun chatted casually for a while before getting to the point.

He briefly introduced the acquisition and formation of the fashion media group, including the acquisition targets and the general plan, etc.

Then, they took the initiative to state their position and earnestly requested the Ministry of Truth and the State Administration of Radio, Film and Television to supervise and guide them.

He also explained the long-term plans and development direction of this fashion media group after its establishment.

After listening to his explanation, Liu nodded approvingly.

"It's clear you have great confidence in the future of this fashion media group, and your development plan is quite forward-thinking. I personally have high hopes for your group's future..."

Following closely behind, Director Zhu of the State Administration of Radio and Television also offered his affirmation, then asked curiously:

"Director Zhang mentioned on the phone earlier that you plan to cooperate with our broadcasting company, which is why he asked me to attend this meeting. Could you tell me the specifics?"

Ling Yun looked at the deputy director of the broadcasting bureau and explained with a smile.

"Indeed, the fashion media group I'm planning to establish will definitely involve cultural promotion, public opinion guidance, and ideological propaganda. I know that there are no trivial matters in the ideological sphere!"

"Our country has clearly stipulated that all periodical publishing units must be dominated by state-owned or collective capital, and non-public capital is not allowed to invest in, establish, or operate news organizations."

"If I want to establish this fashion media group, I must cooperate with state-owned enterprises, introduce state-owned capital, and accept guidance and supervision from relevant departments in order to achieve my goal."

"That's why I asked Deputy Director Zhang to call you, hoping to reach a cooperation agreement with the State Administration of Radio, Film and Television. I can give the State Administration of Radio, Film and Television a 30% stake, but the management and operation rights will remain with me..."

After hearing this explanation, Director Liu and Director Zhu finally understood Ling Yun's true intentions.

At the same time, they also noticed some clues.

Lingyun's purpose in acquiring and establishing this fashion media group does not seem to be to make money, otherwise they would not have so readily given away 30% of the shares to the State Administration of Radio, Film and Television.

What he wants is this media platform to make his voice heard, to do things, to gather fashion media resources, and to create influence.

Well! This kid has big ambitions, and he's very willing to sacrifice them!

Director Zhu sighed inwardly for a moment, then continued, asking:

"As far as I know, the magazine you're planning to acquire is currently under the China National Textile & Apparel Council (CNTAC), which is a state-owned enterprise."

"Why did you abandon China National Textile & Apparel Council (CNTAC), an existing partner, and choose to cooperate with the State Administration of Radio, Film and Television?"

Ling Yun smiled and immediately gave his answer.

"The reason is actually quite simple: China National Textile & Apparel Council (CNTAC) has limited influence, far less than that of the State Administration of Radio, Film and Television!"

"I also own Starlight Culture Film and Television Company, which collaborates with the State Administration of Radio, Film and Television, making resource integration and utilization more effective."

"I see. A fashion media group plus a film and television company can complement each other perfectly."

Director Zhu nodded in realization.

The meeting lasted for more than an hour, ending around 11 p.m.

Through this meeting, Lingyun and Director Zhu successfully reached a verbal cooperation agreement, with one party providing investment and the other providing fame, to jointly establish this fashion media group.

Once established, this fashion media group will be affiliated with the State Administration of Radio, Film and Television and will be subject to its leadership and guidance.

Ling Yun holds the management and controlling stake, and dominates the daily operations and development direction of this fashion media group.

Of course, when it comes to cultural and ideological propaganda and public opinion guidance, we must never cross the line!

As for the Ministry of Truth, under the premise of legality and compliance, it naturally provides strong support and gives the green light all the way!

After leaving the Ministry of Truth, Ling Yun took Yanzi and Zhang Lu to lunch together.

During the meal, he whispered some instructions to Zhang Lu and Zhong Tao.

Tell a few of them that Goldman Sachs headquarters has swiftly launched an in-depth investigation into them.

From now on, everyone must be more vigilant and pay special attention to security and confidentiality.

In particular, the relationship between Lingyun and the several investment teams must not be discovered by those bastards at Goldman Sachs in the short term!

Upon learning of this, Zhang Lu and Zhong Tao nodded repeatedly and became more vigilant.

In the blink of an eye, it was already three o'clock in the afternoon.

State-owned Assets Supervision and Administration Commission, General Office.

Director Li was having tea and chatting with Ling Yun when Secretary Wang suddenly knocked on the door and came in.

"Director, Director Li and Director Kong from the Civil Aviation Administration have arrived and just entered the conference room. Would you like to go there now, or wait a bit?"

"Now, Xiaoling, let's go to the conference room. You're the star today!"

Director Li greeted them with a smile, then got up and walked towards the door.

"You flatter me, I dare not accept such praise."

Ling Yun said politely, then quickly followed.