Back To 1995

   Chapter 517 Changes

Since becoming the president of Goldman Sachs, Paulson doesn't know how long he hasn't felt this way. He has always hunted opponents, beheaded them one by one, and made him the king of Wall Street. When did he become like today, Being stared at like prey.

   If it was just Aaron Swartz today, Paulson would have already begun to threaten, but with Song Yang, Paulson also somewhat restrained.

   Paulson doesn't say that he is a little bit jealous of Song Yang. It's true that he feels difficult. If Song Yang is just an Internet upstart, he won't care too much at all.

   But now Song Yang is not only in the Internet industry for a long time. Several venture investments have allowed Song Yang to acquire a large number of industries in telecommunications, mobile phones, TV media and overseas.

Even if Song Yang's industry in the Internet industry is destroyed, Song Yang will still be able to get up again, and he will be harmed instead of killing snakes. Even Paulson would not dare to say that he can completely toss Song Yang's side. Done.

Since Song Yang is now one of the sponsors of the Xiang Dang, and may become one of the big sponsors in the future, it is really at a critical moment. Going to Texas, Paulson really can't help Song Yang, the name of the Lone Star State is not blown out, and Wall Street is in Texas, and it can't make waves!

And with Song Yang's character, Paulson is very sure that if he loses power one day, Song Yang will definitely come to him and settle accounts with him. People from Texas can definitely do this, and Kennedy will be arrested. The brain hole has been opened, let alone him.

Thinking of this, Paulson suddenly understood the meaning in Song Yang's eyes, but at this time, in front of Pelle Greene and other men, Paulson could not back down, or he would lose face. .

Prestige is something that can’t be seen or touched, but it’s real. If Paulson can’t make people at Goldman Sachs fear him, then Paulson will face the risk of being overhead at Goldman Sachs, and Goldman Sachs has no lack of ambition. Who doesn't want to be the president of Goldman Sachs? !

   "This is Song, what do you mean last?" Paulson asked Song Yang with a stern face.

   The atmosphere in the entire conference room was already extremely tense at this time. Pelle Greene and the others did not expect that Song Yang would dare to confront Paulson head-on.

   Aaron Swartz and several PayPal executives also have some concerns. This is Paulson, the most powerful person on Wall Street in the history of Goldman Sachs. Offend him, and PayPal's life may be sad.

At this moment, Song Yang suddenly laughed and tapped his finger on the table a few times, "President Paulson, I told Manager Pellet Greeney that PayPal, Goldman Sachs and other Wall Street companies have no relationship. Competition means!"

   Hearing this, Paulson finally got down the steps, and his expression softened a little. If Song Yang really didn't let him go down the steps, then Paulson really couldn't step down today.

"President Paulson and Manager Greeney," Song Yang said, looking at them, "PayPal's transaction commissions have little impact on Goldman Sachs, Citigroup, and other Wall Street banks, and I don't think Goldman Sachs does either. Live off those transaction commissions and fees?!"

Song Yang said very bluntly, Goldman Sachs can't get along with PayPal, it doesn't make any sense at all, Goldman Sachs doesn't live on these fees, and now it can't get along with PayPal, because PayPal is regarded as a potential opponent, and he is afraid that PayPal will really give these traditional banks to them. instead.

It sounds like there is nothing wrong with this, but Pelle Greene always felt that something was wrong, but looking at Paulson's expression, he seemed to agree with Song Yang's statement, but he didn't say it. , Pelle Greene is not easy to refute.

   After seeing Paulson's expression, Song Yang continued, "Actually, PayPal and Goldman Sachs, not only will they not become rivals, they may even become collaborators!"

Paulson was a little curious about what he said. Seeing that PayPal was about to kill those small and medium-sized banks, he even said that PayPal and Goldman Sachs were partners. Paulson didn't know how Song Yang dared to say it. these words.

   "PayPal's current users are mainly small and medium-sized users, and they will not take away Goldman Sachs' major clients. I think Goldman Sachs should have absolute strength to retain those major clients, right?" Song Yang said.

   Paulson snorted lightly. He couldn't say that Goldman Sachs was afraid that PayPal would take away major clients. That wouldn't be a joke on Wall Street.

Song Yang leaned forward slightly, "President Paulson, if Goldman Sachs can help PayPal obtain federal fund sales licenses, insurance licenses, credit licenses, etc., then PayPal can cooperate with Goldman Sachs in the fields of funds, insurance, and credit. business!"

  Pelle Greene was stunned. Is Song Yang going to let PayPal reduce the handling fee, and let Goldman Sachs help it get so many licenses, and then compete with Goldman Sachs?

  A single handling fee has disturbed the American banking industry. If he enters these industries again, it will be a mess.

   Several senior executives of Goldman Sachs were also talking about it for a while, but Paulson of the old Jianghu was calm. He didn't believe that Song Yang was the kind of person who was open-mouthed. If he dared to say this, there must be a reason to persuade him.

   "Reason!"

  Paulson just said something to Song Yang.

   "PayPal's users are mainly young users, and overseas users account for more than two-fifths of PayPal. These are new users for Goldman Sachs and Wall Street!"

  Song Yang's words made Paulson's heart move. After so many years in America, the banking industry has stabilized long ago, and the market that should be divided up has long been divided up. The banks with a little strength have already enclosed their own land.

   And the younger generation of Americans do not trust Wall Street very much, and credit card users have begun to decline, not to mention buying Wall Street products, they are really scared.

PayPal has swept 23 million users all over the world now. It claims to have 30 million users before the end of the year. It is hard to say whether this scale is true or not, and the water is certainly not small, but there are tens of millions overseas. Users are real.

   These users are all fresh leeks to Goldman Sachs and Wall Street. Paulson's throat can't help but move when he thinks of tens of millions of fresh leeks!

   "If you can get an online fund sales license, then PayPal can help Goldman Sachs underwrite funds and sell to PayPal's global users. Similarly, PayPal can help underwrite the bonds, insurance, financing, etc. launched by Goldman Sachs!"

   "Furthermore," Song Yang raised his tone slightly, "PayPal's PMMF fund is preparing for a new business, online personal credit and mortgage loan business!

  PayPal will launch a credit scoring system. As long as you pass the credit and data review, you can get a certain amount of personal credit. These mainly provide services for Amazon, eBay and other e-commerce platforms.

   In addition, PayPal will also be launched, including online mortgage loan businesses such as vehicles and houses. If all goes well, a user can get these loans in only half an hour! "

This is pure cutting of leeks. The owner of the NBA Cavaliers, Gilbert, relies on this thing to make his fortune. It is somewhat similar to a small loan, but it will not be so dark, but basically all people who play this game are cutting leeks. There is no doubt about that.

   As for cutting the leeks in America, PayPal does not cut them, and others will cut them. If you use PayPal, you will cut them a little bit more lightly.

As for playing this set, the most fearful thing is two points. The first point is that people will smash the wool, get credit through system loopholes, and finally slap the **** and flash people. This point, PayPal is mainly for Amazon, ebay E-commerce merchants and users will be a little more reliable.

The second point is that the loaned US knife can’t be recovered. It may be a headache for other companies, even Wall Street banks, but for PayPal, it doesn’t care so much. After all, the Blackwater Group’s Bounty hunters are not invited for nothing...

  Debt collection work is basically handed over to Heishui, and the dirty work is borne by Heishui, otherwise what would you use it for?

Listening to Song Yang's words, several executives of Goldman Sachs couldn't help but swallow their saliva. They are bankers, and they all know how much oil and water there is. However, due to risk control reasons, and the federal departments are watching, they are not working. The law is dry, but PayPal is obviously not so particular, and there is no federal law binding, as long as there is oil and water, PayPal dares to stretch its claws.

Paulson was also a little shocked. According to this plan, the larger the scale of PayPal's PMMF fund, the more loans it will give out, and then the high interest rate will continue to attract users to invest, and eventually it will become a snowball-like thing. At that time, even Paulson was not sure how big PayPal would be!

The risk is a little bigger, but Paulson is also very moved by the cutting of the leeks. Even if the PMMF fund method breaks down in the end, it will be a few years later. What should be earned will have been earned long ago. Got it.

   "The risks are a bit big, and it is difficult for PayPal's risk control to take these risks..." Paulson said slowly.

   Hearing that Paulson did not ask PayPal to stop these plans, but said that the risk was too great, Song Yang had already guessed his thoughts slightly.

   "Goldman Sachs has to be supported. PayPal hopes that Goldman Sachs can provide credit and risk control support. In addition, Goldman Sachs can be used as one of the settlement and deposit banks for PMMF funds!"

Song Yang once again fired a sugar-coated cannonball, allowing Goldman Sachs to also serve as one of PayPal's settlement banks, that is, to allow Goldman Sachs to keep some of the deposits on PayPal. To put it bluntly, just like the treatment of Comerica Bank, Goldman Sachs can temporarily use these US dollars. Knife.

   When he heard this, Pellet Greene saw the faint smile on Paulson's face, and he had a hunch that America's banking industry was about to change!

   (end of this chapter)