Manhattan Reborn 1978

new York.

Stanley conference room on the fourth floor.

Bernard Madoff came to Morgan Stanley today to accompany a friend to consult and discuss matters with Nylont Ramon. He had no idea that David would be here. .

Nylent Ramon is about to take over his father's position as CEO of Morgan Stanley. .

I don’t know who the news came from~

It is now one of the hottest topics on Wall Street~!

As we all know, Nylonte Ramon, the representative of Morgan Stanley’s young and powerful reform faction, and his partners single-handedly transformed the former Stanley and Gentlemen’s Country Club into what it is today. .Pioneer of Wall Street Change - Morgan Stanley~

This change almost overturned the transformation of Reconstruction. From the outside, it seems that these young Stanley factions standing in front of the stage have completely controlled Stanley's power~

Plus. .Nylent Ramon is about to take over as CEO, which will definitely bring more amazing changes to Morgan Stanley’s structure and development~

but. .When steel belt Bernard Madoff chatted with Nylent, he was not happy or excited about taking over the post of CEO, but it made people feel a little bit. .Impatient and worried~!

Madoff, who is 40 years old this year, is a veteran in Walkin. When chatting with a few people, he cleverly guided the topic to Nylent's future development plan for Morgan Stanley~

After the conversation was over, Madoff didn't know whether Nylent was doing it intentionally or not, so he smiled and said that David was in the conference room on the fourth floor. Madoff and David had a very pleasant first acquaintance last time, okay. .On your way out, stop by and check it out! ~

Emm. .

What could Madoff say?certainly. .I can only bite the bullet and come over to take a look~

----

Although David was a little surprised by Bernard Madoff's sudden visit, he politely put down his sleeves, tied up his tie again, put on his suit jacket, and greeted Madoff with a smile.

"I never thought we could meet again here ~ Mr. Madoff!"

Madoff, who had been standing aside waiting for David to get dressed, smiled and shook hands with David and said: "Hello, David!"

As he spoke, he turned his head and glanced at Giovanni, who was leaning against the window not far away, reading newspapers and magazines.

When David saw him finishing his sentence, he thought. .Clearance?

Then he nodded to Giovanni.

Giovanni pouted, put down the newspaper in his hand, stood up and walked out of the conference room quickly, closing the door behind him.

David asked Madoff to sit down and poured him a glass of juice: "After the last time we met, I didn't expect that we could meet again so soon..."

"Yeah~ I didn't expect either~ that we would be here... meeting again~"

"So... Mr. Madoff, what do you want to do when you come here today?" David didn't know why this guy came to him. .

"Um... I just went to see Nelent Ramon. He said you will be here in the next few days... so I came to visit~"

"Oh..Nelent~"

"How is he? He's very busy now, isn't he?"

"Hehe~Yes~"

David saw Madoff sitting there, both of them looking for words. .Awkward chat. .

He shrugged, picked up a pen, twirled it on his fingertips and said, "I heard you talk about investment funds last time..."

"Ahem~ David, our fund may not be able to accept your investment of 3000 million yuan next year~ I'm very sorry!"

"Oh~ It doesn't matter~ I just have some new investment project plans these days~"

Madoff slowly exhaled as if a big stone had been lifted from his heart.

"So...David, can you tell us about your new project plan?"

"Haha~Of course~"

As he spoke, David pointed to the pile of folders on the table: "I am looking at the information of several large companies in the air transport industry and am preparing to make some investments in them!"

"Air shipping? FedEx?"

“Wow~ It’s a hot topic in the stock market right now~ The passage of the U.S. Civil Aviation Deregulation Act caused FedEx’s stock price to soar like a rocket after it went public~”

"David, I think its current price is a bit too high. Maybe... you can wait for a while, wait for this wave of craze to pass, and acquire some from the secondary market... thrown out by venture capital companies. Stocks are better!”

"Um... Then how long do you think this wave of high stock prices will last?"

Madoff leaned back and relaxed a little, then thought for a moment and said, "Let me see, it will take at least about 4 months. You can buy FedEx's company's stocks before they release their 1978 annual report~"

"Well...it seems...you are also very optimistic about this company?"

"Of course!"

"Don't look at the fact that the entire transportation industry has been calm in recent years. This was not the case in the past few years."

"In March 1970, postal workers in New York took the lead in a general strike. Later, postal workers across the United States quickly responded to the strike with the contact of the union. According to later media reports, at least 3 postal workers participated. This strike~”

"At that time... several gifts I bought for my son were also lost during the strike~"

"70 years? Is there still such a thing?"

David raised his hand and rubbed his chin. He had no memory of this incident at all.

eight years ago. .David Coleman, who was only 13 years old at the time, didn't care or care about such things. .Nothing wrong!

"What happened next? The president at that time was Nixon, right? How did he handle this matter?"

"Haha~ What else can we do~? He issued an injunction~ prohibiting collective bargaining for postal workers."

"The conditions proposed by those postal workers are: raise wages, improve poor working conditions, and improve the almost non-existent welfare system~"

"The ban issued by Nixon at that time was directly ignored by these postal workers!"

"Then he came up with a funny idea and sent out National Guardsmen affiliated with the U.S. Marine Corps to act as postmen to deliver mail~"

"Let those soldiers deliver letters and mails~ Can you imagine what that scene is? Haha~"

David really didn't know. .Would Nixon still use this stupid trick? ?

The soldiers of the National Guard have very strong combat effectiveness. .Let them deliver the mail. .This is a completely failed cross-border move~!

"You said your mail was lost, was it... those soldiers?"

"I don't know, maybe. I bought a few new Lego toys for my little son. I don't know where they are now!"

"Lego!?!"

David heard the name and recalled it. .This toy company has been at the top of the world's toy industry in the United States and for decades to come!

Write it down and learn more about it when you have time!

Seeing David chatting and writing again, Madoff looked over and saw nothing. .

Then he shook his head and continued: "The postal workers' strike lasted for more than a month until Nixon realized that it was a huge mistake to let the soldiers deliver the mail."

"After this move was ineffective, Nixon had no choice but to restart negotiations with postal workers and unions~"

"He finally met the strikers' demands and gave them an 8% wage increase!"

David fiddled with his pen, shook his head slightly and smiled bitterly: "Only 8%?"

"What about benefits? What about improved working conditions?"

Madoff curled his lips and spread his hands: "At least from the news I got, their lives have not changed much except for a little salary increase."

"Ah... No~ I said it wrong~ There are still some changes!"

"After that strike, Nixon signed the Postal Reform Act and established the United States Postal Service (usps)!"

"Subsequently, the US government invested a sum of money to purchase new vehicles, which strengthened the USPS's road transportation capabilities. From this perspective...the postal workers' general strike had a very good effect!"

usps!

Road transport power!

David turned his pen, thought for a moment, took the FedEx folder, flipped through it, and found the page that recorded the 74 Federal Parcels (UPS) employee strike~

"Did you know that the UPS strike in 74 led to the bankruptcy of the railway transportation company?"

"um, yes!"

"This incident made the headlines of the Wall Street Post at the time. It lasted for nearly a month before the heat slowly subsided."

"Then... how did UPS handle the strike?"

Madoff thought for a moment, shook his head and said: "I'm not very clear about the details~ I only know... After the rail transportation company went bankrupt, it was Morgan Stanley who came up with the restructuring plan!"

From the conversation with David, he roughly guessed the boy's investment plan. He didn't wait for David to continue asking questions, and began to talk to himself.

"The transportation industry, we can summarize it as: road transportation, rail transportation, river transportation, and air transportation!"

"In terms of road transportation, USPS currently occupies the leading position in the industry!"

"Rail transportation! It has been developed in the United States for 100 years. The smooth opening of the Pacific Railway completely ignited people's enthusiasm for rail transportation at that time!"

"In 1913, the total operating mileage of American railways reached its peak of 41 kilometers~"

“But just one year later, the opening of the Panama Canal cast a shadow over the future development of American railways!”

"And more importantly, in the same year, Ford Motor Company built the world's first automobile manufacturing assembly line, and the famous Model T came out!"

"Further back... is the famous: Roaring 20s!"

"According to statistics at that time, every four households in the United States owned an average of 4 cars."

"The Great Depression and World War II that followed have kept U.S. railroads in a state of negative growth."

Madoff reached out to pick up the juice, took a sip slowly, looked at David who was listening carefully, and said with a smile: "From now on, it seems that the real change in the railway transportation industry came from President Eisenhower after the war."

"In 1950, Eisenhower signed the Federal Highway Act of 1956."

"It has comprehensively and profoundly changed the entire United States and people's daily life and travel patterns!"

“What is the American dream that people often talk about?”

“Everyone can drive into the city and commute to get off work; people no longer have to squeeze in the old and narrow downtown, but can walk into the newly built single-family villa communities along the highways that have been built and developed by expressways! "

"In the Federal Highway Act of 1956, the government invested 1140 billion yuan!"

"That's... 50 billion in the 1140s!"

"People's lives were completely changed because of Eisenhower's feats!"

David nodded and continued: "It lights up the highway and extinguishes the railway transportation industry for people's travel life!"

Madoff nodded in agreement: "In 1970, the U.S. government separated passenger rail transportation and established the National Passenger Railroad Corporation (Amtrak), liberating the burden on the railroad companies. After that, all costs for passenger rail transportation were borne by The U.S. government will provide subsidies!”

“Has the passenger railway service been divested? What about freight transport?”

“There is no new bill on freight transportation yet~”

Madoff tapped his fingers together, raised his eyebrows and said, "The government has not given us the freedom to set prices for railway freight. It is already outdated from now on!"

"I heard...some friends said that the Morgan family has been actively promoting...the government allows railway companies to freely price freight to enhance the competitiveness of railway freight."

David was stunned for a moment, spread his hands, and said that he knew nothing about these things: "I just started to look at these information, and I only know about the railway, what you just said~"

"Haha~ You should go find out! If this bill is passed, the profit margin of railway freight will increase significantly~ This will bring the railway companies back to life!"

"Um...ok~I will look for some information on this!"

"Well... let's move on... river transportation!"

“When it comes to water transportation, the Port of New York has to be mentioned!”

"When people outside of New York mention New York, their first impression will be...New York's Central Park, the skyscrapers in Manhattan, etc., but they ignore that the original New York was a city that developed on maritime trade. Port city!"

“The most unique advantage of New York is that it has multiple ports and a long dock area!”

"The water in New York Harbor never freezes all year round, the port is wide, and the water depth is moderate. It is the most suitable commercial port for development among other eastern cities except Baltimore."

"Because New York Harbor has so many advantages, people thought why not build a canal and connect it to the Great Lakes through the Hudson River?"

"The plan for the Erie Canal was approved. The river transportation industry in the interior of the United States began to rise. Many investors saw the money scene from the Erie Canal, which attracted countless people to follow suit!"

"From a time perspective, canals play a far more important role than roads in the development of the central and western regions!"

“It has brought about a reduction in freight costs and made it possible to commercialize a large number of agricultural products from inland states!”

"Later, those canals with shorter distances and larger transportation volumes, such as the anthracite transportation canal in Eastern Pennsylvania and the canals connecting the Great Lakes, all achieved investment success."

"But the river transport industry also faces many serious problems."

"The first is that the construction cost of the canal is high."

"The second thing is that the path that the canal can travel is very limited."

"Canals rely on water, and sometimes when there is too much water, flooding occurs, causing severe property damage to the river shipping industry."

"Even without flooding, maintenance is a challenge."

“The embankments must be protected and the river channels must maintain appropriate water depth.”

"River transport, although faster than road transport, is still slow compared to rail transport, and if there are many locks, it will be even slower."

"In the past, investors in river transportation promoted their company's profits... They said that with river transportation income guaranteed, the state government would not need to collect taxes~"

"Unfortunately, these claims were exaggerated, and several states were in financial trouble because of overinvestment in internal improvements to the canal."

When Madoff said this, he continued jokingly: "Actually... in recent years, the Erie Canal has slowly become a shortcut for many people to travel on yachts to the Great Lakes~"

“In 67, I bought a villa in Palm Beach, Florida. Later, all my friends bought boats, so I bought one too~”

"In the summers of the past few years, I took my family to Florida for vacation. I also drove a boat with my family along the eastern coastline back to New York. Then we followed the Erie Canal and went around the Great Lakes area~"

"If you are interested next summer, we can get together and drive my boat together to visit the Great Lakes again~haha~"

David smiled and shook his head when he rejected Madoff's travel plan~

Are you kidding me? It's okay to let him, a poor swimmer, go to the beach and play in the sand. .Sailing on the Great Lakes?

Hey, forget it!

"Man, these are some company information in the air transportation industry that I am looking at now."

"Do you have a deeper understanding of this industry?"

"I understand, there are some, but... I think if the government cannot deregulate the aviation industry, it will be difficult for the air transport industry to develop significantly in the future..."

“Before World War II, the government passed the Civil Aviation Act and established the Air Transport Regulatory Commission to provide official control over the establishment of airlines, route applications, and freight rates!”

"In the following decades, dozens of companies in the aviation industry applied for trunk line licenses, but none were approved."

"So, before the Civil Aviation Deregulation Act promulgated this year, which emphasizes the gradual deregulation of the aviation industry, FedEx is, in a sense, a miracle!"

"The passage of this bill is a major positive signal for the aviation industry~"

"It enables companies like FedEx to develop rapidly and find their own market positioning in the entire industry!"

“This is clearly explained in the stock market!”

"Of course~ If it's just these, it's not enough~!"

“We don’t know when the government’s next step to relax route controls and air freight rates will be!”

"From this perspective, the future development of the US aviation industry still has certain uncertainties!"

David frowned and expressed his understanding and agreement with Madoff's judgment~

If any industry has been subject to government and official regulation, it will be impossible for it to enter a state of free competition in the industry, and there will be nothing. .Great development ahead!

After thinking for a while, David asked tentatively: "Only when the US Air Transport Commission is dissolved or the control of the aviation industry is further removed, will the aviation industry enter a better state of free market competition?"

"Hahaha~ That's right David!"

"If each airline has independent pricing power, they can use the funds obtained from the financial market to expand their business scale and allow the aviation industry to enter a state of freer and more intense competition."

"The aviation industry has been regulated for too long. There are too many people who want to come in and carve up this cake!"

"We can foresee the future... Within ten years, the number of domestic airlines will increase from dozens now to hundreds or even hundreds!"

"By then, the growth rate of the entire civil aviation market will not be able to reach the overall expansion rate of civil aviation companies~!"

As a well-known market maker on Wall Street, Madoff is worried about what will happen in the aviation industry in the future. .Free competition, with a pessimistic view. .

"The vast majority of airlines will not escape the fate of bankruptcy or mergers in the free competition after deregulation!"

"So, David, like I said at the beginning~ If you really want to take over FedEx stock, you can wait~"

"Waiting for the hot period of the stock price to subside, waiting for better news to come from Washington, waiting to see whether Fred Smith will lose his way a year after FedEx went public and whether he can continue to lead FedEx out of the A path of their own!”

After listening to Madoff's very pertinent suggestions, David nodded slowly and said he would be more cautious~

Indeed~

In David’s memory, FedEx will develop into the world’s top company in the future. .Air transport industry giant!

But now, it is still a fledgling that has just left the nest!

What will happen to FedEx's future development? It's almost entirely a bet. .Will the US government gradually deregulate the aviation industry?

Deregulating the aviation industry and deregulating the pricing power of railway freight are the two most important uncertainties in David's investment plan for the transportation industry!

Regarding rail freight, Morgan and Wharton may have already taken action and found someone to lobby in Washington~

As for the aviation industry~

David's brows slowly relaxed~

He looked at Madoff with a smile and said, "Thank you~ Your arrival today has helped me a lot!"

"Haha~ We are already friends, aren't we~ It's also an honor for me to be able to help you!"

Both of them laughed and didn't mention it again. .It’s about investment funds~

But they all know that this matter cannot be avoided~

Madoff’s own family knew about his own affairs~

If David or other interested people really investigate his Ponzi scheme of demolishing one wall to make up for the other. .It will definitely be revealed!

From the beginning of this scam, Madoff was digging for himself. .grave!

But he is already trapped in the situation and if he wants to withdraw~

If the capital deficit gap cannot be plugged, bankruptcy and imprisonment are his only consequences!

Of course David knows that Madoff is silent about the scam now, but he still has some luck with his deceptive tricks ~

He raised his head and glanced at the door of the conference room, stepped forward to close and lock it tightly, returned to his seat, and spoke to Madoff sincerely. .

"Man~ I know you may still have some luck in your heart~"

"You just said that you have a son, a happy family, a successful career, a villa, and a boat!"

"Hehe~"

"If you choose to withdraw from the investment fund now, you might go bankrupt, right?"

Madoff remained expressionless and silent without answering, quietly waiting for David's next words. .

"Okay~ It seems I guessed it right!"

David took a piece of paper from the table, placed it between the two of them and said, "If you don't want to talk, can you write it down?"

"The price you need to pay for quitting! Write down an approximate number~"

Madoff looked at the paper and pen, stretched out his hand and pushed them back to David, with a hint of doubt in his voice: "What on earth do you want to do?"

"Me? I want to give you a hand before you make the whole situation... irreversible!"

"..."

Madoff knew what David said was irreversible. .What!

A Ponzi scheme is a bottomless abyss of cannibalism!

If he could find a way to close the deficit gap in time when the capital scale was not so large, Madoff could still escape intact~

but. .What's the cost?

That’s a gap of nearly [-] million!

Madoff thought for a while, wondering if David would reach out to help him?For what. .

"why!?"

Since you don’t understand, just ask directly~

There is no need to hide it anymore when the two of them talk about it to this extent!

David gave his answer to Madoff's question: "This is the second time we have met. I have learned about your personality and some of your past from other channels~"

"To be honest, I admire your tactics and deception!"

"I believe that with your own ability, you can continue to run this scam perfectly without exposing too many flaws~"

"But Madoff, you know this is a scam, and you also know that the subsequent troubles will get bigger and bigger until it is irreversible. If it really happens, you will never end well!"

"Now, I am telling you this because I want to give you a hand as a friend~"

"Pen, here~"

"If you believe me, just write down the numbers~"

"If it is within my ability~I will help you get it~help you remove this burden from yourself! Jump out of this...road to the abyss!"

"Of course, this is conditional!

"After you can successfully exit, I need you to join my team and come work for me!"

There was a slight fluctuation in Madoff's eyes~

Obviously he was weighing it in his mind. .Fight!

----

Manhattan.

da film and television company.

Elena Mesa, after meeting with Odis Parker and Winston, is going to come to the film and television company to talk to Xina ~

Elena used to roam around big cities in several European countries like a proud white swan. .All the men could only drool and stare at it, but they couldn't eat it. .

Now Elena wants to integrate into the bizarre city of New York. .In some circles, Zina, the former New York social queen and senior, is the most suitable leader!

Elena stepped out of the elevator, approached the door of the film and television company, and looked inside~

In a relatively spacious hall, a group of people were sitting at several tables pushed together. .I’m lowering my head, talking and writing~

Elena listened quietly for a while, these people were there. .Discussing the script?

She cleared her throat, knocked on the door, and said, "Ahem~ Is Zina here?"

Everyone around the table all looked towards the door. .This little voice. .It’s so cool!

Zina smiled and stood up and walked over. She pulled Elena and came back to introduce to everyone: "Elena Mesa, my... good friend ~ one of the heads of the agency!"

"Elena, these are colleagues from our film and television company~"

Everyone saw Elena for the first time and felt this beauty. .If you don’t go to Hollywood to shoot a few masterpieces, you will be fascinated by thousands of men. .It is really. .What a pity!

Tangtang smiled and stretched out her hand to Elena: "I'm Tangtang, please sit down first~ We happened to encounter some bottlenecks in the script~ Maybe you can help us come up with some better ideas~"

"Ok~"

Elena smiled and nodded to everyone, sat down next to Xina, and got ready. .Listen to what problems they encountered!