Miss President wants to talk to you

Rosef's condition also visibly improved.

"Eleanor".

The white hamster suddenly asked, "What are your plans for later?"

What are the arrangements?

Eleanor thought about it and realized there wasn't one.

He had planned to go back to his room and go straight to sleep, then get up early the next day to prepare for the banking law hearing.

"If you don't have any plans, could you stay and keep me company for a while?"

Rosef lowered her head and said, "I'm still feeling a little sad, and I want to cry for a few more minutes... or a few hours."

"of course can."

Eleanor moved a chair over and sat down next to Rosef.

"Cry if you want to."

Of course, the president can cry.

At least in this room.

The two didn't say anything more, they just sat quietly together.

Rosef kept her head down, occasionally wiping her eyes with a handkerchief.

The night outside the window in Washington, D.C., was deep and dark.

The lights in the White House stayed on all night.

……

the next day.

House of Parliament.

Outside the Banking Committee hearing room, reporters had already crowded the corridor.

When Eleanor entered the hearing room, Woodin was already there.

The finance minister sat in the front row, his face serious, with a thick stack of documents beside him.

Eleanor sat down next to him and yawned.

Wu Ding turned his head and couldn't help but ask, "What's wrong? You look like you didn't sleep well?"

“I prepared for this hearing all night.”

Eleanor said, "We've done everything we can. Now we just have to wait and see what happens at today's hearing."

Wu Ding nodded, deeply admiring Eleanor's dedication.

No wonder he's the president's special assistant!

He couldn't help but become even more serious.

Today is going to be a tough battle.

The Banking Law must be passed!

After a moment of silence, the hearing room fell quiet.

A tall woman with a cold expression walked in.

Fernanda Pecora.

She is the chief legal counsel for the Senate Banking and Monetary Committee and is responsible for questioning at this hearing.

Eleanor was no stranger to her.

The day he first met Rosemary.

It was Pecora's investigation and questioning of the bank that caused then-President Hoffer a major headache.

She even had to call Rosef herself for help.

Chapter Sixty-Six: Hearing on the Banking Law

Pecora entered the venue and instantly attracted everyone's attention.

This woman, born in the Kingdom of Sicily, is like a walking legend.

He came from a poor family and worked to complete his studies.

He started from the bottom and worked his way up to become the chief counsel for the banking committee.

After the stock market crash of 1929, she was tasked with investigating the reasons behind the crash during a time of crisis.

In just a few years, he single-handedly brought down several financial tycoons from their pedestals.

With such a brilliant record, even some high-ranking federal officials felt terrified when they saw Pecora.

At this point, the members of parliament who opposed the Banking Act inevitably began to discuss the matter.

"Why is Pecora in charge of the interrogation?"

"She seems to be opposed to the existing financial system?"

"This is troublesome."

However, some optimists say there's no need to worry.

"It's alright, we're well-prepared and we're sure we can persuade the committee."

"The Banking Law is inherently unreasonable, and justice is on our side."

“Pecora’s position doesn’t play a key role; she’s only responsible for questioning.”

Everyone had their own thoughts.

We're just waiting for the hearing to begin.

at last

Boom boom boom!

Fletcher, chairman of the Bank of Canada's Monetary Policy Committee, struck the gavel.

The scene fell silent instantly.

"The hearing is now in session."

Chairman Fletcher looked at the document in front of him and read it aloud.

"This hearing aims to review the Banking Act submitted to Congress by the President."

"The committee will hear from the Treasury Department, White House representatives, and financial industry professionals today."

Key points include:

"The Ministry of Finance's special audit authority, the responsibilities of bank directors, disclosure of related-party transactions, and the relationship between deposit-taking banks and securities businesses, etc."

Chairman Fletcher turned to a page of the document.

"First, please have Treasury Secretary Woodin explain the basic reasons why the White House submitted this bill."

it has started.

Wu Ding took a deep breath and stood up.

"Mr. Chairman, fellow members."

"Next, I will explain to the committee on behalf of the Ministry of Finance."

"First: Under the current system, banks' funds mainly come from ordinary depositors' deposits, but some banks lack sufficient constraints on the use of funds."

"second:……"

Wu Ding is not good at stirring up emotions, so his speech was also very simple.

The reasons given were all those that Eleanor and he had discussed in detail.

in short:

The existing federal banking system has problems, with commercial banking and investment banking operations being mixed together.

This has led to a large number of banks using depositors' money for risky investments, with no profit sharing but depositors bearing the risks.

Furthermore, the bank's directors and partners clearly participate in major business decisions.

However, in most cases, they do not bear the corresponding consequences.

This leads them to invest without any scruples.

This phenomenon must be curbed.

Wu Ding's statement based on this logic is correct.

But Eleanor still didn't quite believe it.

The reason is also very simple.

Wu Ding is too old-fashioned, too professional, and his choice of words and sentence structure is too sophisticated.

Although the people on the banking committee could understand what he was saying, the reporters might not.

This is really not conducive to the spread of public opinion.

"...The above are the reasons why the Ministry of Finance submitted the Banking Law."

After Wu Ding finished speaking, sparse applause rang out in the hearing room.

Eleanor thought to herself, "As expected, the response wasn't very good."

"Thank you, Minister Wuding, for your remarks."

"Chairman Fletcher said, then looked to the other side."

"Next, please invite Mr. Richard Morgan to attend and testify as a representative of the financial community."