Chapter 1854: 1854
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For a long time, FDIC, the Federal Deposit Insurance Company of the US government, has two basic objectives in dealing with bankrupt banks. One is to make depositors and lenders believe that the banking system is sound, and to minimize the cost of insurance funds managed by FDIC.
Second, regulators will conduct "autopsy" on failed financial institutions, and publicize their assets and debts on the internal website, while other banks and interested investors can bid on the website. FDIC chooses the winner based on an objective criterion called "the lowest cost" for insurance funds.
After the article "the blatant robbery continues", naturally attracted the attention of other media. After all, the article involves the bankruptcy acquisition of multiple banks, and it's not the Bank of Yingtai that's to blame. Correspondingly, the media don't have too much scruples, but it's FDIC's misfortune. The questions about the acquisition of various bankrupt banks are also on the rise, whether there are any The insider trading question mark appeared in various media.
The FDIC public information officer had to stand up and state the FDIC's criteria for disposing of bankrupt banks, "99.9% of the time, this is an orderly process."
Watching FDIC's public information official face to reporters' tricky questions on TV, some of them are tired of coping with the picture. They can't help laughing and shaking their heads. Although in the case of IndyMac bank, the bidding process is not so "orderly". He should be worried, and should not laugh easily. However, in the feast of annexing the bankrupt bank, Andy Smith's food looks good. Companies like mg chase and Goldman Sachs are crazy. The sky is falling down. With these tall ones, he is not worried at all.
Since IndyMac fell into a liquidity crisis in June 2008, by the end of July, depositors had withdrawn nearly 8% of their total deposits. FDIC later took over IndyMac bank and soon began to look for a deal. The main reason is that IndyMac bank not only sells a large number of subprime housing loans, but also provides a large number of similar housing loans for Fannie Mae and Freddie Mac. The price of the securitized mortgage loans issued by the latter plummets and FDIC will die if it fails to find a home.
At that time, Andy Smith appeared and offered us $1.5 billion to evaluate IndyMac bank's assets as US $13.9 billion by way of loan minus deposit. No doubt it helps FDIC a lot!
Under the "friendly help and consultation" of the Federal Reserve and the Treasury Secretary, FDIC agreed to Andy's acquisition proposal, agreed to hold some more problematic assets, and agreed to sign a risk sharing agreement.
According to the agreement, once the total loss of IndyMac bank's loan portfolio exceeds 30%, FDIC will bear 95% of the loss.
In the face of the media's doubts, William Isaac, the former chairman of FDIC, was very helpless and angry to say, "there was no fixed price at that time, the financial market had stopped, everyone didn't want to buy anything, and FDIC had to sign a risk sharing agreement, but this would not change the fact that the acquirer took a huge and significant risk.". Now someone is writing about it. I want to ask them what they were doing at that time!
We also prefer to sell IndyMac to a bank rather than a private one like Andy Smith. But in 2008, all the big banks were struggling. Who will take over a mess?
To be fair, buying IndyMac was not the right strategy for many banks at that time.
As for the loss sharing agreement. This morning, FDIC has issued a statement in response. FDIC has never paid any compensation to Yingtai bank for loss sharing! The allegations of the two financial blogs are based on a misinterpretation of the loss sharing agreement
"I can be very responsible to say that up to now, Yingtai bank has not received any loss sharing reimbursement from FDIC for IndyMac's assets!"
On TV, Stephanie Nubi, CEO of Yingtai bank, said forcefully with a calm expression under the escort of the bodyguards in the face of the swarming reporters.
"Ha ha..." Andy, laughing before the TV, shook his head and make complaints about it. "Nima, I almost believed it! Yu is really strong for these guys to survive. "
Wearing a long pink pyjama dress with a big belly and a striking business line, I walked to the sofa, chuckled and said, "you're so gloating, I don't know. I really think it's nothing to do with you."
"To be honest, I really don't want Stephen Nubi. Although this guy is vain and extravagant, he is capable and cold enough to represent the banker's face. It's a good choice for him to help me run Yingtai bank." Andy reaches for Ivana's arm and slowly sits on the sofa.
"Then you can give him a chance. After all, you are lack of skills. You need such talents to manage your assets. Moreover, if you don't hesitate to throw him out as a shield, it will inevitably cast a shadow on other professional managers." Ivana suggested.
Andy gently chuckles Ivana into her arms and kisses her on the forehead, saying: "look at his own. If he can turn the unfavorable situation around or get through safely after attracting all the firepower, I don't mind hiring him. If he's screwed up, I can only say sorry. There is a saying in the heaven, it's called" dead friends never die poor ", which means”Cluck... " Hearing the explanation, Ivana's smile was full of twists and turns. She was very fierce. She reached out her hand and pointed Andy's nose. "You're really insidious. Who could have thought you dug the hole so deep?"
"It's not the pit I dug. It's all the ideas of al. So, the most correct thing I did is to set up a top think tank early. It's worth tens of millions of dollars every year." Andy proudly picks up his eyebrows, looks back and draws Ivana's coquetry.
Ivana is also envious of her man's well-known think tank, and admires Andy's big hand. After all, not everyone will spend a lot to set up a think tank company to provide personal services.
"By the way, my dear, when will the guests you invited arrive?"
"It should be noon, and I'd like to ask your hostess to prepare for the reception." Andy smiled at Ivana after watching the time.
"Ha ha, don't worry, Hawaii's special meal. I'm sure the guests will like it. I'm also looking forward to meeting Li Fuchen, the eldest daughter of the four-star group. I've heard some information about her before. I still remember that four years ago, the heiress of the four-star group had a raging suicide in New York. The family resentment of the four-star group was just like a novel." Ivana's eyes twinkled.
Andy chuckles, caresses her arm, and says softly: "Li Fuchen is a strong professional woman who is similar to you. This time in the casino hotel project cooperation in Jeju Island, with the participation of local forces, she can operate better. This time, she is also invited to be the daughter of Ao gate gambling king. She is also a very influential strong professional woman. I believe you will have a common language By the way, it seems that Li Fuzhen is having a divorce. You should pay attention to it. "
Ivana gave Andy a coquettish white look and said: "I've read the information of the guests. Don't worry, there won't be any problem. However, two influential women in Asia came at once, which really makes people look forward to the next meeting and exchange."
Andy looks at Ivana's excited expectation, smiles and shakes his head, but when he thinks of Li Fuzhen, the little fire in his heart can't be expanded again. He really misses her. Although the two have been engaged for a long time, but because of Li's return, she has been unable to make it. This power change makes Li Fuzhen fully understand her father's eccentricity Du, no matter how clever and obedient she is, she will not be able to change the reality that she is not destined to be the four-star ruler.
In addition, her brother Lee Jae Jung, who is as fierce as a wolf, did not dare to stay away from South Korea easily. She was worried that he would cut salaries and calculate her assets again, so their "date" was delayed until the Hawaii party.
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For a long time, FDIC, the Federal Deposit Insurance Company of the US government, has two basic objectives in dealing with bankrupt banks. One is to make depositors and lenders believe that the banking system is sound, and to minimize the cost of insurance funds managed by FDIC.
Second, regulators will conduct "autopsy" on failed financial institutions, and publicize their assets and debts on the internal website, while other banks and interested investors can bid on the website. FDIC chooses the winner based on an objective criterion called "the lowest cost" for insurance funds.
After the article "the blatant robbery continues", naturally attracted the attention of other media. After all, the article involves the bankruptcy acquisition of multiple banks, and it's not the Bank of Yingtai that's to blame. Correspondingly, the media don't have too much scruples, but it's FDIC's misfortune. The questions about the acquisition of various bankrupt banks are also on the rise, whether there are any The insider trading question mark appeared in various media.
The FDIC public information officer had to stand up and state the FDIC's criteria for disposing of bankrupt banks, "99.9% of the time, this is an orderly process."
Watching FDIC's public information official face to reporters' tricky questions on TV, some of them are tired of coping with the picture. They can't help laughing and shaking their heads. Although in the case of IndyMac bank, the bidding process is not so "orderly". He should be worried, and should not laugh easily. However, in the feast of annexing the bankrupt bank, Andy Smith's food looks good. Companies like mg chase and Goldman Sachs are crazy. The sky is falling down. With these tall ones, he is not worried at all.
Since IndyMac fell into a liquidity crisis in June 2008, by the end of July, depositors had withdrawn nearly 8% of their total deposits. FDIC later took over IndyMac bank and soon began to look for a deal. The main reason is that IndyMac bank not only sells a large number of subprime housing loans, but also provides a large number of similar housing loans for Fannie Mae and Freddie Mac. The price of the securitized mortgage loans issued by the latter plummets and FDIC will die if it fails to find a home.
At that time, Andy Smith appeared and offered us $1.5 billion to evaluate IndyMac bank's assets as US $13.9 billion by way of loan minus deposit. No doubt it helps FDIC a lot!
Under the "friendly help and consultation" of the Federal Reserve and the Treasury Secretary, FDIC agreed to Andy's acquisition proposal, agreed to hold some more problematic assets, and agreed to sign a risk sharing agreement.
According to the agreement, once the total loss of IndyMac bank's loan portfolio exceeds 30%, FDIC will bear 95% of the loss.
In the face of the media's doubts, William Isaac, the former chairman of FDIC, was very helpless and angry to say, "there was no fixed price at that time, the financial market had stopped, everyone didn't want to buy anything, and FDIC had to sign a risk sharing agreement, but this would not change the fact that the acquirer took a huge and significant risk.". Now someone is writing about it. I want to ask them what they were doing at that time!
We also prefer to sell IndyMac to a bank rather than a private one like Andy Smith. But in 2008, all the big banks were struggling. Who will take over a mess?
To be fair, buying IndyMac was not the right strategy for many banks at that time.
As for the loss sharing agreement. This morning, FDIC has issued a statement in response. FDIC has never paid any compensation to Yingtai bank for loss sharing! The allegations of the two financial blogs are based on a misinterpretation of the loss sharing agreement
"I can be very responsible to say that up to now, Yingtai bank has not received any loss sharing reimbursement from FDIC for IndyMac's assets!"
On TV, Stephanie Nubi, CEO of Yingtai bank, said forcefully with a calm expression under the escort of the bodyguards in the face of the swarming reporters.
"Ha ha..." Andy, laughing before the TV, shook his head and make complaints about it. "Nima, I almost believed it! Yu is really strong for these guys to survive. "
Wearing a long pink pyjama dress with a big belly and a striking business line, I walked to the sofa, chuckled and said, "you're so gloating, I don't know. I really think it's nothing to do with you."
"To be honest, I really don't want Stephen Nubi. Although this guy is vain and extravagant, he is capable and cold enough to represent the banker's face. It's a good choice for him to help me run Yingtai bank." Andy reaches for Ivana's arm and slowly sits on the sofa.
"Then you can give him a chance. After all, you are lack of skills. You need such talents to manage your assets. Moreover, if you don't hesitate to throw him out as a shield, it will inevitably cast a shadow on other professional managers." Ivana suggested.
Andy gently chuckles Ivana into her arms and kisses her on the forehead, saying: "look at his own. If he can turn the unfavorable situation around or get through safely after attracting all the firepower, I don't mind hiring him. If he's screwed up, I can only say sorry. There is a saying in the heaven, it's called" dead friends never die poor ", which means”Cluck... " Hearing the explanation, Ivana's smile was full of twists and turns. She was very fierce. She reached out her hand and pointed Andy's nose. "You're really insidious. Who could have thought you dug the hole so deep?"
"It's not the pit I dug. It's all the ideas of al. So, the most correct thing I did is to set up a top think tank early. It's worth tens of millions of dollars every year." Andy proudly picks up his eyebrows, looks back and draws Ivana's coquetry.
Ivana is also envious of her man's well-known think tank, and admires Andy's big hand. After all, not everyone will spend a lot to set up a think tank company to provide personal services.
"By the way, my dear, when will the guests you invited arrive?"
"It should be noon, and I'd like to ask your hostess to prepare for the reception." Andy smiled at Ivana after watching the time.
"Ha ha, don't worry, Hawaii's special meal. I'm sure the guests will like it. I'm also looking forward to meeting Li Fuchen, the eldest daughter of the four-star group. I've heard some information about her before. I still remember that four years ago, the heiress of the four-star group had a raging suicide in New York. The family resentment of the four-star group was just like a novel." Ivana's eyes twinkled.
Andy chuckles, caresses her arm, and says softly: "Li Fuchen is a strong professional woman who is similar to you. This time in the casino hotel project cooperation in Jeju Island, with the participation of local forces, she can operate better. This time, she is also invited to be the daughter of Ao gate gambling king. She is also a very influential strong professional woman. I believe you will have a common language By the way, it seems that Li Fuzhen is having a divorce. You should pay attention to it. "
Ivana gave Andy a coquettish white look and said: "I've read the information of the guests. Don't worry, there won't be any problem. However, two influential women in Asia came at once, which really makes people look forward to the next meeting and exchange."
Andy looks at Ivana's excited expectation, smiles and shakes his head, but when he thinks of Li Fuzhen, the little fire in his heart can't be expanded again. He really misses her. Although the two have been engaged for a long time, but because of Li's return, she has been unable to make it. This power change makes Li Fuzhen fully understand her father's eccentricity Du, no matter how clever and obedient she is, she will not be able to change the reality that she is not destined to be the four-star ruler.
In addition, her brother Lee Jae Jung, who is as fierce as a wolf, did not dare to stay away from South Korea easily. She was worried that he would cut salaries and calculate her assets again, so their "date" was delayed until the Hawaii party.
For a long time, FDIC, the Federal Deposit Insurance Company of the US government, has two basic objectives in dealing with bankrupt banks. One is to make depositors and lenders believe that the banking system is sound, and to minimize the cost of insurance funds managed by FDIC. Second, regulators will conduct "autopsy" on failed financial institutions, and publicize their assets and debts on the internal website, while other banks and interested investors can bid on the website. FDIC chooses the winner based on an objective criterion called "the lowest cost" for insurance funds. After the article "the blatant robbery continues", naturally attracted the attention of other media. After all, the article involves the bankruptcy acquisition of multiple banks, and it's not the Bank of Yingtai that's to blame. Correspondingly, the media don't have too much scruples, but it's FDIC's misfortune. The questions about the acquisition of various bankrupt banks are also on the rise, whether there are any The insider trading question mark appeared in various media. The FDIC public information officer had to stand up and state the FDIC's criteria for disposing of bankrupt banks, "99.9% of the time, this is an orderly process." Watching FDIC's public information official face to reporters' tricky questions on TV, some of them are tired of coping with the picture. They can't help laughing and shaking their heads. Although in the case of IndyMac bank, the bidding process is not so "orderly". He should be worried, and should not laugh easily. However, in the feast of annexing the bankrupt bank, Andy Smith's food looks good. Companies like mg chase and Goldman Sachs are crazy. The sky is falling down. With these tall ones, he is not worried at all. Since IndyMac fell into a liquidity crisis in June 2008, by the end of July, depositors had withdrawn nearly 8% of their total deposits. FDIC later took over IndyMac bank and soon began to look for a deal. The main reason is that IndyMac bank not only sells a large number of subprime housing loans, but also provides a large number of similar housing loans for Fannie Mae and Freddie Mac. The price of the securitized mortgage loans issued by the latter plummets and FDIC will die if it fails to find a home. At that time, Andy Smith appeared and offered us $1.5 billion to evaluate IndyMac bank's assets as US $13.9 billion by way of loan minus deposit. No doubt it helps FDIC a lot! Under the "friendly help and consultation" of the Federal Reserve and the Treasury Secretary, FDIC agreed to Andy's acquisition proposal, agreed to hold some more problematic assets, and agreed to sign a risk sharing agreement. According to the agreement, once the total loss of IndyMac bank's loan portfolio exceeds 30%, FDIC will bear 95% of the loss. In the face of the media's doubts, William Isaac, the former chairman of FDIC, was very helpless and angry to say, "there was no fixed price at that time, the financial market had stopped, everyone didn't want to buy anything, and FDIC had to sign a risk sharing agreement, but this would not change the fact that the acquirer took a huge and significant risk.". Now someone is writing about it. I want to ask them what they were doing at that time! We also prefer to sell IndyMac to a bank rather than a private one like Andy Smith. But in 2008, all the big banks were struggling. Who will take over a mess? To be fair, buying IndyMac was not the right strategy for many banks at that time. As for the loss sharing agreement. This morning, FDIC has issued a statement in response. FDIC has never paid any compensation to Yingtai bank for loss sharing! The allegations of the two financial blogs are based on a misinterpretation of the loss sharing agreement "I can be very responsible to say that up to now, Yingtai bank has not received any loss sharing reimbursement from FDIC for IndyMac's assets!" On TV, Stephanie Nubi, CEO of Yingtai bank, said forcefully with a calm expression under the escort of the bodyguards in the face of the swarming reporters. "Ha ha..." Andy, laughing before the TV, shook his head and make complaints about it. "Nima, I almost believed it! Yu is really strong for these guys to survive. " Wearing a long pink pyjama dress with a big belly and a striking business line, I walked to the sofa, chuckled and said, "you're so gloating, I don't know. I really think it's nothing to do with you." "To be honest, I really don't want Stephen Nubi. Although this guy is vain and extravagant, he is capable and cold enough to represent the banker's face. It's a good choice for him to help me run Yingtai bank." Andy reaches for Ivana's arm and slowly sits on the sofa. "Then you can give him a chance. After all, you are lack of skills. You need such talents to manage your assets. Moreover, if you don't hesitate to throw him out as a shield, it will inevitably cast a shadow on other professional managers." Ivana suggested. Andy gently chuckles Ivana into her arms and kisses her on the forehead, saying: "look at his own. If he can turn the unfavorable situation around or get through safely after attracting all the firepower, I don't mind hiring him. If he's screwed up, I can only say sorry. There is a saying in the heaven, it's called" dead friends never die poor ", which meansCluck... " Hearing the explanation, Ivana's smile was full of twists and turns. She was very fierce. She reached out her hand and pointed Andy's nose. "You're really insidious. Who could have thought you dug the hole so deep?" "It's not the pit I dug. It's all the ideas of al. So, the most correct thing I did is to set up a top think tank early. It's worth tens of millions of dollars every year." Andy proudly picks up his eyebrows, looks back and draws Ivana's coquetry. Ivana is also envious of her man's well-known think tank, and admires Andy's big hand. After all, not everyone will spend a lot to set up a think tank company to provide personal services. "By the way, my dear, when will the guests you invited arrive?" "It should be noon, and I'd like to ask your hostess to prepare for the reception." Andy smiled at Ivana after watching the time. "Ha ha, don't worry, Hawaii's special meal. I'm sure the guests will like it. I'm also looking forward to meeting Li Fuchen, the eldest daughter of the four-star group. I've heard some information about her before. I still remember that four years ago, the heiress of the four-star group had a raging suicide in New York. The family resentment of the four-star group was just like a novel." Ivana's eyes twinkled. Andy chuckles, caresses her arm, and says softly: "Li Fuchen is a strong professional woman who is similar to you. This time in the casino hotel project cooperation in Jeju Island, with the participation of local forces, she can operate better. This time, she is also invited to be the daughter of Ao gate gambling king. She is also a very influential strong professional woman. I believe you will have a common language By the way, it seems that Li Fuzhen is having a divorce. You should pay attention to it. " Ivana gave Andy a coquettish white look and said: "I've read the information of the guests. Don't worry, there won't be any problem. However, two influential women in Asia came at once, which really makes people look forward to the next meeting and exchange." Andy looks at Ivana's excited expectation, smiles and shakes his head, but when he thinks of Li Fuzhen, the little fire in his heart can't be expanded again. He really misses her. Although the two have been engaged for a long time, but because of Li's return, she has been unable to make it. This power change makes Li Fuzhen fully understand her father's eccentricity Du, no matter how clever and obedient she is, she will not be able to change the reality that she is not destined to be the four-star ruler. In addition, her brother Lee Jae Jung, who is as fierce as a wolf, did not dare to stay away from South Korea easily. She was worried that he would cut salaries and calculate her assets again, so their "date" was delayed until the Hawaii party.
