Wall Street bigwigs!

Chapter 16 The Context of History

"Hey, Smith, you're late!"

The visitor was Smith, the manager of Richard's public offering and investment trading department.

The person who greeted him was no ordinary person either; he was Bill, a senior account manager at Morgan Stanley.

As the host, he has a responsibility to treat everyone else well at the banquet.

Smith turned his head and looked over, then smiled slightly: "Haha, hello Bill."

Smith warmly shook hands with Bill and greeted him.

In reality, their relationship wasn't harmonious, but everyone had to pretend to be friendly in this setting.

Smith then warmly shook hands with the people around Bill.

"Good evening, Director. It's a pleasure to meet you."

Davis, the chief of the New York City Fire Department, is a lean, middle-aged man.

Everyone knows he was able to rise to power because he made the right bet before Mayor Koch's first term.

In the United States, the actual people in charge of departmental operations are a few deputy directors.

The director's main job is to maintain good relationships with officials in the mayor's office and the mayor himself.

"Smith, I heard that one of your clients, an individual investor, made a fortune in just a few months?"

Bill asked with a smile; he was actually there to find out the truth.

His words also caught the attention of several others, who were particularly curious about him as an individual investor.

The national conditions of the United States and China are different.

The financial market here is mainly dominated by institutions; there are retail investors, though very few.

That's why they were so curious when Bill said that individuals had made a fortune in the financial markets.

Smith smiled, but in his mind he was already cursing Bill's female relatives.

They admitted that they intentionally leaked some of Green's information to reporters, but later received a warning from Green.

What followed was even more astonishing to many of them.

Green demonstrated his unique insight and decisive methods in subsequent actions.

This forced those within Merrill Lynch who knew the situation to shut up.

Therefore, Merrill Lynch provided many conveniences in order to ease relations with Green.

No one within Merrill Lynch dares to casually disclose Green's information now.

But even the most rigorous systems have loopholes.

So when Bill deliberately steered the conversation toward Green, Smith was annoyed but also had to be on guard.

"It's not as exaggerated as you say. As far as I know, that private client did make some money, but it's far from enough to attract your attention, right?"

We've done an internal analysis, and everyone agrees that it was just a coincidence.

After all, none of us expected that this stock market crash would be caused by a black swan event.

As soon as Smith finished speaking, everyone else nodded in agreement.

"Besides, the stock market has recently started to rebound, and from what I know, that client has also lost a lot of money." Smith shook his head with a wry smile.

This further corroborates his statement that the person was the lucky one in the incident.

Seeing that the others were losing interest, Bill didn't press them any further.

But he did not give up.

These people couldn't grasp the key point in Smith's words, but who is Bill?

A senior account manager who's even more cunning than a monkey when he's got hair on him.

Others might believe Smith's nonsense, but he didn't.

After all, he had obtained some information through his own channels.

It is said that the major client not only had accounts with Merrill Lynch, but also with Goldman Sachs and Wells Fargo.

Bill secretly asked someone to find some of the transaction records for Green's account.

Given Green's skills and vision, I believe he will suffer some short-term losses.

But Bill's real goal was to poach Green from Morgan Stanley.

Morgan Stanley convened this dinner tonight in an effort to attract major clients.

Chief Davis, not wanting to dwell on the matter, changed the subject: "You know what?"

This versatile opening quickly drew everyone's attention.

"Do you know why that real estate tycoon and Mr. Koch were exchanging barbs in the media?"

The real estate tycoon mentioned by the bureau chief was none other than the infamous "King of Knowledge" in later generations.

Trump recently published a book called "The Art of the Deal".

I don't know where Trump got the audacity to publish a book, and I hear it's selling quite well. It's really disgusting.

Just as Smith was looking for an opportunity to change the subject about Bill, the director provided an assist.

"Director, please tell me what exactly happened?" Smith quickly asked, seizing the opportunity.

"Ahem, it's about taxes."

As you all know, the municipal government introduced a series of rescue measures after this stock market crash.

Mr. Koch wanted to retain large corporations but did not want to increase the financial burden, so he introduced a tax policy specifically targeting large corporations.

But Mr. Trump, along with a group of people, demanded that the city government expand the scope of tax incentives.

Mayor Koch's policies were very much in line with the vision of the Wall Street elites.

New York may be large, but it can't accommodate so many low-end businesses.

These low-end enterprises not only cause serious waste of urban resources, but also attract a large number of low-income people.

This crude combination of structures will inevitably lead to greater chaos in New York sooner or later, and will also increase the cost of urban governance.

Therefore, driving low-end businesses and low-end populations out of New York City is in the interests of the elites.

The best idea for New York, the world’s largest financial city, is to become a New York for the rich.

But it would be a big mistake to say that Trump is working for the benefit of low-end businesses. What are Trump's companies?

Real estate! Trump owns a large number of low-end office buildings and apartments, and his tenants are mostly people that the elites consider to be low-end and messy small companies.

In the past two years, the vacancy rate of office buildings and apartments in New York has been rising year by year, and the commercial property tax rate in New York is as high as 4.5%.

Those who believe Mr. Trump is working for the benefit of the masses can go to sleep now.

Trump's goal is simple: to unite most small and medium-sized enterprises (SMEs) to force the government to expand the scope of taxation in order to attract more SMEs.

As long as these businesses and people remain in New York, the occupancy rate of Trump's office buildings will increase, and the occupancy rate of his apartment buildings will also rise.

It's worth noting that at the beginning of the year, Trump borrowed $3 million to acquire the Taj Mahal casino, a debt that incurs an annual interest rate of up to 12%.

Moreover, the main casino building is still under construction, and supporting catering and retail facilities are needed in the surrounding area.

The already meager funds now seem insufficient.

Now, with the economic crisis compounded, the city government wants to drive these low-end businesses and people out of New York. Isn't this just a move that undermines Trump's cause?

Moreover, if the occupancy rate of the apartments and office buildings under Trump's name does not meet the requirements, he will not even be able to pay the interest.

That's why Trump is so eager to unite with some people to pressure the mayor and city council to expand the tax scope, preferably to include his unfinished casino.

But clearly Trump is dreaming; the city government and council have no chance of agreeing to his unreasonable demands.

Although Trump did not achieve his goal, this did not prevent his reputation from spreading rapidly in New York City.

Because the excuse he came up with was so good that people at the bottom of society love to see scenes of warriors fighting against tyranny, unless they are the tyrannical side.

According to street interviews conducted by New York media, 32% of small and medium-sized business owners in New York believed that Trump understood the needs of businesses better, far exceeding the 25% of CEO Koch.

"Hehe, I heard that sales of Trump's book 'The Art of the Deal' have increased by 30% recently."

A businessman who focuses on import and export said calmly and dismissively.

But his tone was full of sourness.

Smith breathed a sigh of relief when the topic turned to Trump.

He didn't want to linger around Bill any longer, so he politely said goodbye and left.

Bill stared at Smith's retreating figure with a sharp look in his eyes.

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