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American Fortune Life - Chapter 1636

Published at 7th of November 2021 07:58:17 AM


Chapter 1636: 1636

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“。。。 Despite the bailouts of the Treasury and the Federal Reserve, the U.S. banking industry is still in the shadow of the crisis.

A series of factors, such as falling house prices, economic recession, financial and credit market turbulence, make our financial system extremely fragile. The serious lack of liquidity of financial institutions has also led to a sharp increase in the number of bankrupt banks. From January alone to now, the number of new bankruptcies has reached 10, a record high in nearly a decade. "

In the face of the little fox who can't get up early and has no profit, Dai Meng, CEO of Mg chase, said after making a eye contact with all the people.

"Ha ha, with the heavy economic losses, bankruptcies and bankruptcies have been common. It's a victory to survive the cold. "

Andy knows that the Rou show is coming. The old Wall Street tycoons have no way to compete with Yingtai bank. From Bear Stearns to Washington Mutual Bank, Andy finds that these guys are very ugly. They are not only greedy but also aggressive.

Just as a new person in the banking industry, Andy can't be reconciled, unhappy, or help. The Smith family is very powerful, but the family power represented by these bank tycoons is not vegetarian. No one can really do anything in the United States. The United States is not an independent Ci, Jun government country.

As of February 13 the other day, since the subprime crisis broke out in 2007, 35 Banks in the United States have closed down. Andy even bought five of them and established the current Yingtai bank. After that, he expanded the scope of Yingtai bank in the United States by annexing tens of millions of assets and 120 million small banks.

But for the old tycoons like mg chase and Bank of America, it's not Washington Mutual bank or Merrill Lynch that they eat. It's impossible to say that they don't envy and hate.

However, Andy is also very helpless about this situation. After all, the scale of the acquired bank really doesn't look like the medium-sized commercial bank, such as Yingtai bank. Even if Yingtai bank wants to annex people, people don't like it. TM's this is very embarrassing.

"Yingtai bank can make a small profit in such a short period of time in this financial environment. Is it true that, as the legend has it, you will make money?" Kelly, CEO of Bank of New York Mellon, said with a smile.

Everyone in the room chuckled, but they were really envious of Andy Smith's ability to make money.

In particular, the Bank of America and Goldman Sachs, who have cooperated with Andy and made a lot of money from it, have big laughs. Only the CEO of Mg Stanley has a reluctant smile and a constipated expression. They are still alive and dead by Andy Smith.

"They only saw that I made money, but they didn't see that I lost money in investment, Giles clothing, Starbucks and newspapers. Fortunately, I still have some capital. Otherwise, I would have been a dog long ago. At that time, you won't see that the media flattered me, but was ridiculed by everyone."

Andy picked up the red wine and motioned with the crowd. His mouth turned up. After a drink, he put down his glass, which was not without a cry of self mockery.

"Park Avenue bank's total assets amounted to about $520 million, and the total deposits it absorbed amounted to $494.5 million. It's the second New York bank to be closed this week, serving Jewish communities in Manhattan and Brooklyn.

The total assets of old southern bank reached about $310 million, and the total deposits it absorbed was $319.7 million.

The total assets of statewide bank reached about 240 million US dollars, and the total deposits absorbed was 208.8 million US dollars.

。。。。。。”

Dai Meng, CEO of Mg chase, looked at Andy sitting opposite the table with a smile. "Seven banks, with total assets of 3 billion US dollars and total deposits of 3.1 billion US dollars, are believed to be of great help to Yingtai bank's business outlets across the country. If you have any idea, all of you here are willing to provide help."

"Wow, thank you so much for your generosity." Andy picked up the white napkin and wiped the soup off his mouth gracefully. He put the napkin aside and looked at Damon and other smiling people with a smile. These banks here have been fully supported. The financial crisis has created extremely favorable conditions for them to annex their rivals. Now he takes some leftovers to attract allies and treat him We don't care about it and are familiar with it.

"You are so generous, I think there must be some conditions? Let's talk about it. However, if things are too troublesome, I can't help but refuse your kindness. After all, I'm still young and don't want to be too reckless and radical. For me, there will be time and opportunity later, or it's better to be more stable, don't you think? "

Hearing Andy's words, the present financial giants all laughed and shook their heads. To be honest, they had a perfect understanding and analysis of Andy Smith, a young man with mature cunning, strong control over Yu, suspicious character, and totally a little fox.They know that if there is no real thing to move the little fox, even if there is more to say, I'm afraid this guy will not stand with them.

"Within three days, all the deposit accounts of the above seven banks will be transferred to Yingtai bank, and its original business outlets will be reopened as branches of Yingtai bank." Lewis of Bank of America said to Andy with a smile, but it seemed that something came to mind, and his smile gradually turned into a sneer.

"From the moment he said just," limit the pay of Wall Street executives, "everyone's fate began to change. In order to get a life-saving rain, we silently endure his "fat cat" and other humiliating scolding. Now that the economic stimulus plan has been passed, everyone's hard life is almost over. Now, he has to reform the financial system to make Wall Street thin and make the poor rich. Can Wall Street let him go? "

" we feel that we should give him some color to see - give money to others! In next year's mid-term election, we decided to turn to the party, their politics Governance advocates that "small government, low tax revenue" is more beneficial to us. Wall Street needs a stable environment and time to recover, rather than turbulence. Give the leadership of Congress to the elephant party, balance and restrict him through the elephant party, and let him wake up from the naive sense of democratic anesthesia! "

Blankfein, CEO of Goldman Sachs, said with a sneer, holding a knife and fork and cutting the steak with a strong knife.

"Well, then, what can I do?" Andy asked with a light smile.

"To be honest, we didn't expect that your interpretation of the new deal would have such a big impact, even a controversy. The president, who has been fantasizing about surpassing the new deal with a flashy Austrian stimulus plan, was very annoyed. According to the polls, half of the voters felt uneasy and questioned about his new deal. We think you should Make better use of your influence. Of course, support the elephant party. I think Mr. Smith Sr. and Mr. Austin Smith Sr. will be very happy. What's the reason for you to cooperate? "

Dai Meng, CEO of Mg chase, has a gloomy vision. For the quick choice of aoguanhai and the break-up of Wall Street, no one thought of it. He must be taught a lesson to understand that if he can play the role of a "good dog", his political life may still be saved. Otherwise, he will be abandoned and vagrant.




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