Hardy had Wells Fargo in his hands. Absorbing savings and profiting from loans were just the basic income of a bank. For rapid development, financial investments and private equity funds were indispensable.
Giannini was more concerned about Hardy's mention of the insurance industry, particularly since Johnson had been keen on promoting "universal health care," a national health insurance plan.
But this would touch upon the interests of major insurance companies.
In 1945, Johnson had proposed a national health insurance plan to Congress, which was met with a barrage of attacks and has yet to pass. This election, the national health insurance plan was also one of Johnson's campaign slogans.
To be honest, Johnson was quite courageous. Even someone as strong as Roosevelt had carefully avoided this issue.
"Hardy, are you really prepared to support Johnson's national health insurance plan? I don't think it's a good idea," Giannini asked.
