Miss President wants to talk to you

"The reason I am so valuable is because they judge me to have a bright future and the possibility of entering the cabinet of a certain president."

"Unlike those politicians who just loaf around and wait to die."

At this point, Wu Ding's face showed endless remorse.

He was repenting for his past wrong decisions.

Some members of parliament couldn't help but shake their heads, remarking on the sheer scale of Morgan Stanley's spending.

Who can resist a stock worth 1.8 million?

However, the expressions of some members of parliament changed drastically.

and many more?

Did you, Wu Ding, take 1.8 million?

How come I only have 200,000?!

Chapter 71: Kneeling Before the Banking Law

"Stop talking...stop talking..."

Richard covered his face; he couldn't listen anymore.

Is Wu Ding giving a serious testimony?

They're clearly stirring up trouble!

Indeed, although those on the "priority list" are all figures in their own right, they are not ranked in any particular order.

But there will always be some people who will have a higher priority.

At the time, Morgan Stanley judged that William Wooding was of the highest priority and therefore offered him the most valuable stock.

Unexpectedly, this tacit understanding between them was revealed to the public by Wu Ding today.

This time, the people who truly broke down were not the members of Congress who opposed the Morgan Group.

Rather, it was those who had good relations with the Morgan Group.

"Mr. Wooding."

Pecora, who had been silent, suddenly spoke up.

"You've been saying that when Morgan Group sold you the stock at a low price, they just wanted to make friends."

"So after you took office as Finance Minister, didn't they approach you, hoping you would offer some assistance as a friend?"

This question has clearly hit the nail on the head.

Wu Ding knew how to answer.

"Of course I looked for it."

Wu Ding said, "When Ms. Rosef had just announced her invitation to me to form a cabinet, someone from the Morgan Group approached me."

"At the time, banks were facing a massive run, and Morgan Stanley hoped I could put in a good word for them with the president."

"Let the president bail out the banks, instead of abandoning them."

Pecora nodded: "So, do you agree?"

"No."

Woodin said, "As the Finance Minister appointed by the federal government, I must prioritize federal interests."

“If the relief bank is in the federal government’s interest, then I will go and provide relief.”

"In other words, if banks become a threat to the federal government, I will not hesitate to start restricting them."

Richard, listening from the audience, was so angry he laughed.

This was the first time he had ever heard someone describe taking money and not doing anything in such a refreshing and unconventional way.

At this point, Pecora discovered the blind spot.

"So, you just don't want to do it, which doesn't mean you can't do it, right?"

"Yes."

Wu Ding nodded. "To be honest, if Morgan Group had approached me back then, the request wouldn't have been so sensitive."

"I might have relaxed and nodded in agreement."

"This is also why Eleanor insisted on pushing through the Banking Act."

"If the law is not changed, large financial groups like Morgan Stanley can legally win over people they deem valuable on a large scale."

"It's like an investment; you accumulate it bit by bit, and quantitative change leads to qualitative change."

"When the people they invest in start to hold high positions, or are even promoted to high positions."

"At that time, their decisions will inevitably be biased towards these conglomerates."

Wu Ding had already tried his best to phrase things tactfully.

But it still sends chills down your spine.

Pecora frowned. "This sounds a bit like the Deep State?"

Deep government, a politically alarming term.

These often exist in the conspiracy theories of ordinary people.

They believe that there exists a group within the Federation that operates behind the scenes and never appears in public.

The federal presidents elected in the past were all spokespeople pushed to the forefront by this group.

In the name of democracy, the will of the deep state is implemented.

Those present were all federal elites, and they were very clear about whether the deep government really existed.

It may not exist subjectively, but it may exist objectively.

After all, isn't this exactly what Morgan Group is doing now?

If they are allowed to develop unchecked, perhaps one day, the term "deep state" will no longer be a politically alarming term.

Now, Pecora has brought up the word.

This is equivalent to escalating the issue to a very serious level.

Wu Ding's answer was no longer important.

At that moment, everyone had the same thought: Morgan Stanley was doomed.

Even if it doesn't go bankrupt, it will be dismantled.

The Morgan Group is the chicken used to make an example of others.

Richard had to do something.

Otherwise, the passage of the Banking Act would be the end of the Morgan Group!

"Mr. Chairman!"

Richard stood up. "I must protest!"

Fletcher frowned. "Mr. Morgan, it is now Minister Woodin's turn to be questioned."

"That's precisely why I must protest!"

Richard gritted his teeth and said, "Ms. Pecora just used extremely dangerous political language."

"The deep government?"

Fletcher asked the question knowing the answer already; by asking it, he was essentially repeating the word aloud.

Richard was so angry he was trembling.

"This is a conspiracy accusation without any evidence!"

He exclaimed, "Can a financial group be accused of trying to manipulate the federal government simply because it has normal dealings with politicians?"

"Ms. Pecora, please retract that statement!"

Richard's voice was loud, but it had lost all its charisma.

Pecora looked at the Morgan Group's successor with a half-smile.

"Of course we can take it back."

She said, "But I hope Mr. Morgan can stand on the witness stand again and explain why the term 'deep state' is inappropriate."

I need to testify again?!

Richard had had enough. He had a feeling that it would be easy for him to get up there, but difficult to get down.

That's it.

He was only attending this hearing as a witness.

My testimony has ended.

There's no need to waste any more time here.

"I believe today's questioning has deviated from the scope of normal discussion."

Richard said coldly, "I will not continue to cooperate with this political attack against the Morgan Group!"

He turned to leave.

But Richard overlooked one thing.

Now, he is the focus of everyone's attention.

As soon as he reached the door, reporters surrounded him.

"Mr. Morgan! Why do you refuse to return to the witness stand?"

Is this a sign of admitting defeat?

Do you believe that Morgan Stanley will face a criminal investigation after the Banking Act is passed?