Holy crap!
Many lawmakers' eyes turned red.
If we're talking about losing money in the stock market, they lost money too!
That's an incredible loss.
However, they did not realize that they could use the money they lost to offset their income.
Instead, they're still foolishly paying taxes.
But Morgan thought of that.
If you thought of it, why didn't you tell me?
As the saying goes, one's own failure is terrible, but the success of others is even more heartbreaking.
In a short time.
Richard Morgan felt that everyone in the room was looking at him with hostility!
Chapter Sixty-Nine: Morgan's List
uncomfortable.
These lawmakers are truly distressed.
The thought that I was still paying taxes in accordance with the law during the four years of the Great Depression made me feel even more like a fool.
Morgan was also in a bad mood.
Is it because I didn't tell you?
You don't study the loopholes written in the law yourselves, can you blame me?
Who knew you guys were so stupid!
They even said, "If I didn't tell you, would I be able to just go around shouting about it?"
What if the federal government finds out and changes the law?
"Wait a moment."
At this point, a member of parliament couldn't help but ask Eleanor a question.
"Is there absolutely nothing the tax bureau can do about this?"
Richard frowned when he saw the congressman.
and many more?
You seem to be an ally of our Morgan Group, don't you?
What do you mean by asking this question?
There really is no other way.
On the witness stand, Eleanor shook her head.
"Because this kind of operation is legal and compliant under existing laws."
"damn it!"
The congressman cursed, then couldn't help but ask, "Is it too late for me to have it deducted now? Can the federal government refund the taxes I've already paid?"
"Excuse me."
Eleanor shook her head. "There is no such tax refund provision."
The congressman was furious.
In his view, he has been working with Morgan Group for so many years and they have reached a point of mutual understanding and cooperation.
But Morgan discovered this crucial tax loophole and kept it completely hidden from her!
If you don't tell anyone, then fine.
You didn't even tell me?!
This idea was now rising in the minds of countless members of Congress who supported the Morgan Group.
I've been such a supporter of you guys.
This is so disappointing!
"Mr. Hopkins."
At this moment, Pecora slowly said, "So the bank you're talking about is Morgan Stanley?"
It's time to lay the cards on the table.
Eleanor slowly looked down at Richard, who was sitting silently with his head down in the audience.
“I think Mr. Morgan should know better than I whether his partners have paid federal income tax in the past few years.”
Eleanor's tone gradually turned cold.
“Richard Morgan, lift your head!”
He said, "Please answer everyone's questions."
When Richard looked up, his eyes were already bloodshot.
His eyes were filled with hatred as he looked at Eleanor.
Given the situation, he couldn't afford to play dumb or remain silent.
"We did not break the law."
He said curtly, "These are all legal procedures, and you have no right to criticize them!"
Wow!
The audience erupted in uproar.
Richard admitted it!
Initially, some members of Congress were skeptical, believing that Morgan couldn't possibly be so outrageous.
The name has now been finalized.
It really is Morgan!
He was just saying that decision-makers have a tough job and shouldn't be held responsible.
But now?
You think these people have it tough?
They didn't even have to pay a single penny in taxes when the entire federal economy collapsed!
He deserves to be hanged!
However, Eleanor remained remarkably calm compared to the anger of the other lawmakers.
"Richard, you're right."
He suddenly said, "These operations by Morgan Stanley are indeed legal, and no one can use that to judge you."
"But that's exactly what I wanted to say."
"The Morgan Group is not at fault; the fault lies with the current federal laws!"
"Therefore, we must enact new laws! We must pass the Banking Act!"
Eleanor's stance has never changed.
He has no intention of trying Morgan now; there's no need for it.
Once the Banking Law is passed, all these so-called bankers will have to be castrated!
At this moment, the wind in the hearing room shifted.
Previously, they were still considering whether the Banking Law was a bit too radical.
However, some people are now beginning to believe that the Banking Law is not radical enough.
How could those damned bankers go unpunished?!
However, Pecora remained calm at this point.
She suddenly realized that Eleanor had said that once the Banking Act was passed, Morgan would become the largest criminal organization.
However, the examples presented now completely fail to support this viewpoint.
It is certainly unforgivable to fail to pay taxes for three years.
But calling it the largest criminal organization is still a huge exaggeration.
Is it
There's more juicy gossip!?
"Mr. Hopkins."
Pecora asked, "Is that all you have to say?"
"of course not."
Eleanor shook her head. "The truly terrifying things, I haven't even begun to tell you yet."
It hasn't even started yet!?
The lawmakers were dumbfounded. Wasn't what they just said significant enough?!
What exactly have you been doing, Morgan?!
Upon hearing this, Pecora's tone also became serious.
"Mr. Eleanor, could you elaborate?"
"Of course, but I must submit evidence first."
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