Miss President wants to talk to you

The title at the top is the first thing that catches the eye.

The Banking Law!

Eleanor raised an eyebrow.

That's a really big name.

It seems that Wu Ding does not intend to only split up commercial banks and investment banks.

It extends to depositors, board of directors, federal aid, bank liquidation, and liability recovery...

All potential problems must be addressed together.

The details of the bill followed:

Chapter 1: The Restructuring of the Federal Bank

Chapter Two: Protection of Public Deposits

Chapter Three: Financial Responsibility

Chapter Four: ...

Eleanor read through the pages, feeling deeply moved.

Wu Ding truly lives up to his name.

Now, in his presence, I don't even seem extreme enough.

Once this bill is passed and implemented, the entire financial industry will be subject to thorough regulation.

Those good old days of the Roaring Twenties are gone forever.

What moved Eleanor the most was Woodin's last sentence in his argument for the bill.

No exceptions may be made to any provision of this law based on a bank's size, historical reputation, political influence, regional status, market panic, or special relationship.

This is a very dangerous statement.

Because it includes all twelve Federal Reserve Banks, namely the Norton Fed.

This is truly just one step away from nationalizing the Norton Federal Reserve.

"Wow, impressive! Very impressive!"

Eleanor truly hadn't expected Woodin to have such a strong sense of awareness.

He had been telling himself to be careful not to be labeled a Bolshevik.

As a result, Wu Ding has stopped pretending and is now laying his cards on the table.

All banks must be subject to comprehensive regulation!

"Don't worry, Mr. Wu Ding."

Eleanor closed the bill and said softly:

"Now it's my turn."

"I won't let you sacrifice yourself in vain!"

This is Eleanor's most solemn guarantee.

Although Wu Ding has not yet sacrificed himself.

But what if, right?

Chapter 53: Post-War Loans

Eleanor carried the bill documents and walked toward the president's office.

He pushed open the door and saw Rosef slumped in her wheelchair, looking utterly dejected.

Louise was looking at a document with a complicated expression.

Uh……

Eleanor sensed something was off; perhaps he had arrived at the wrong time?

At that moment, Rosef saw Elinor.

A look of relief immediately appeared on his face.

"Eleanor, you're here!"

She quickly said, "Help me think of a solution! What should we do?"

"What happened?"

Elinor, puzzled, sat down opposite Louise.

"It's nothing serious."

Louise rubbed her temples and handed the document to Eleanor. "Take a look at this first!"

Eleanor took the document.

He frowned after reading only the first line.

[Proposal from the Rhine Kingdom to make an official visit to the Norton Federation]

This is a diplomatic proposal representing the Rhineland's desire to send a formal diplomatic mission to the Norton Federation.

The document was worded very formally, even quite politely.

The Rhineland government hopes to send a high-level delegation to visit the Norton Federation.

If President Rosefellow is willing, even the prime minister can visit in person.

There are three purposes for the visit.

First, explain the postwar loan issue left over from the last war.

Second, the financial and trade relations between the two countries should be re-discussed.

Third, regarding the recent allegations of espionage activities by the Rhineland, a direct explanation should be given to the Norton federal government to prevent misunderstandings from escalating and damaging the traditional friendship between the two countries.

After reading it, Eleanor finally understood why Roseve had collapsed like that.

So, after all that, the Rhine Empire wanted to establish a high-level foreign visit?

This is indeed putting Rosef in a difficult position.

Since taking office, the white-haired hamster has never met a single foreign head of state.

She was naturally worried that she might perform poorly and damage the country's image.

Eleanor could understand the pressure Rosef was under, but since it was Rosef who made the suggestion first, it wasn't appropriate to refuse directly without a valid reason.

If this causes a misunderstanding, it would be a major diplomatic incident.

Eleanor didn't immediately give a direct answer, but instead tentatively asked:

"Ms. Louise, what is your opinion on this proposal?"

What is destined to happen cannot be stopped.

Louise's attitude was quite straightforward: "After the last world war, the Rhine Empire owed the United Kingdom and the Republic of Sena a huge amount of reparations, which the Rhine Empire alone could never pay off."

"They can only try to get our help."

"If I'm not mistaken, the Rhine Empire's discussion about postwar loans isn't about how to repay them, but rather about borrowing a new sum of money."

This is where Louise's dilemma lies.

The United Kingdom and the Republic of Sena owe the Federation a huge sum of money that they simply cannot repay, and are basically just waiting for the Rhine indemnity to arrive.

Then use the compensation to repay the loan.

The problem is, Rheinland can't afford to pay out.

In order for the Rhine Empire to repay its debts, the Federation must first lend them money for development, and then repay them when they have the funds.

So Louise is annoyed.

Because the federal government is currently facing its own problems, and its fiscal issues are still unresolved.

In addition, Louise also had something to say about the third point of the diplomatic proposal.

Although, in order to maintain the overall situation, Rosef did not directly name the Rhine Empire when she mentioned the issue of espionage at the press conference.

Instead, they even helped them make amends.

The appearance of Rhine weapons does not necessarily mean they are spies of the Rhine Empire.

But in fact, both sides are well aware of this.

The spy was sent by the Rhine Empire.

As for their purpose, it's not hard to guess: they want to steal the Federation's technology, recruit Federation talent, and promote Rhine's image.

Louise could turn a blind eye to these things.

Anyway, it's all stuff that happened on the Old World.

The rise of the Rhine Empire could also contain the two major powers of the Old World, the United Kingdom and the Republic of Sena.

but

If the Rhine Empire were to actually come to explain, the situation would be a little different.

Who knows what the Rhine Empire will say?

What if they suddenly have a brain fart and actually admit it?

How will the federal government respond then?

To escalate the issue? Or to pretend nothing happened?

Both are difficult to handle.

Ideally, the two sides should stop discussing this topic altogether.

They'll bring it up again when they need it to start arguing.