Donnie left the White House, but the expression on Donnie’s face indicated that he wasn’t in a good mood!
There was no choice. According to Donnie’s plan, after the stock market crisis, Venus Bank would take advantage of the situation to buy up so of the quality enterprises on the stock market.
Then Venus Bank would first digest these enterprises, then gradually stabilize their operating environnt, and finally slowly revive them.
When setting up this plan, Donnie didn’t anticipate the matter of the "Smoot-Hawley Tariff Act."
Now, Donnie knows about this issue and understands that no one can stop Herbert Hoover from pursuing it.
So, after returning to the manor, Donnie imdiately called for Mackenzie Pope.
Mackenzie Pope is the person replacing Henry Dale.
In fact, Mackenzie Pope had already started serving as Donnie’s assistant before this.
Donnie has so much work every day, it’s impossible for Henry Dale to be the only assistant; in reality, there’s a whole team under Henry Dale assisting him.
Mackenzie Pope is the best perforr among them.
Now, after evaluation, Mackenzie Pope has beco Donnie’s chief assistant.
"Imdiately notify Robert that Jesse should stop acquiring stocks, and in addition to continuing digestion work for all recently acquired companies, start cutting costs right away, and clear out all redundant positions and workers.
I do not allow anyone to occupy a position without contributing within the entire Venus Bank system."
Since Herbert Hoover wants to implent this bill, Donnie will not accommodate him anymore.
Hearing Donnie’s orders, Mackenzie Pope paused for a mont, then imdiately nodded and said, "Yes, I’ll notify them right now!"
After Mackenzie Pope left, Fei Jackson, who returned with Donnie, couldn’t help but speak.
"Boss, the decision you’re making now will put you at odds with Herbert Hoover!"
Donnie sharply looked at Fei Jackson, snorted coldly, "Are you worried about my situation with the consortium, or about your own position in the Cabinet?"
Fei Jackson was startled by Donnie’s gaze and quickly explained.
"Of course, I’m concerned about your situation, boss. The position of Attorney General was given to by you, even if I lose the position, I can still return to your side and continue being a significant figure in the United States!"
Only then did Donnie nod with satisfaction.
"The impact of Herbert Hoover’s bill on the consortium is enormous; United States Logistics, General Motors, Cadillac, General Electric, and even ADM companies will all suffer varying degrees of setbacks.
At this mont, the relationship between Herbert Hoover and us is no longer important!"
Donnie said angrily.
This issue between him and Herbert Hoover cannot be resolved by swapping interests.
As long as Herbert Hoover signs the "Smoot-Hawley Tariff Act," it will inevitably affect Venus Bank’s business.
And Herbert Hoover is now determined to use this bill to boost his support rate.
This conflict is irreconcilable!
Fortunately, before this, Donnie had driven the Rothschild family out of the United States.
anwhile, the consortiums in the United States are licking their wounds from this stock crash crisis.
They have no ti to create confusion, otherwise, it would be more troubleso!
"Boss, I will observe Herbert Hoover’s actions closely. I’ll report these findings to you promptly, although I think once Herbert Hoover knows about your decision, he may avoid involving in his choices!"
Fei Jackson explained to Tang Fei what might happen next.
Herbert Hoover is certainly aware of the problems triggered by the "Smoot-Hawley Tariff Act."
The reason he was eager to et Donnie today was actually to hope Donnie would sacrifice Venus Bank’s interests to support him in signing this bill.
But Donnie refused!
Not only refused, but Donnie also wants to imdiately initiate stopping stock acquisitions and start a wave of worker layoffs.
This goes against Herbert Hoover’s expectations.
Donnie not only didn’t help him mitigate the possibly erupting impact post-bill signing, instead, he expedited the arrival of adverse effects.
After entering 1930, the U.S. stock market remained calm and lingered at that original low point.
The reason it hasn’t beco so bad is because several major consortiums led by Venus Bank have been acquiring listed companies.
Now Venus Bank has stopped this behavior.
This will imdiately deliver a heavy blow to the already fragile U.S. stock market!
Moreover, after this round of acquisitions, the companies under Venus Bank have extended across various industries in the United States. When they begin firing employees and clearing out executives.
It will inevitably bring incalculable downturns to industries across Arica.
Donnie never imagined that he would play such a significant role in the onset of the Great Depression.
Unfortunately, Herbert Hoover couldn’t wait.
If it weren’t for his bill, perhaps three or four years later, the U.S. economy would have improved sowhat, but by that ti, the U.S. election would already be over!
"Don’t concern yourself with Herbert Hoover’s decisions, his decisions are being watched by soone. You just focus on managing the Departnt of Justice well, as for the other matters, they don’t matter!"
Donnie instructed Fei Jackson.
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