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American Fortune Life - Chapter 995

Published at 7th of November 2021 08:23:10 AM


Chapter 995: 995

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"Robber!"

Paulson grabbed the phone hand because of too much force, some lost blood color, hung up the old Smith's phone, his body a little trembling, gnashing teeth out of a word.

Hamilton, his chief of staff, shook his head helplessly. Although he didn't know what conditions Andy Smith put forward, he would never miss the opportunity of the global economic crisis based on his understanding of Andy Smith.

Even if there is a deal, it is a very difficult condition to be agreed. Hamilton looked at Paulson, who was angry and blushed, and comforted: "minister, we have known for a long time that he would make excessive demands. His greed is not lower than anyone in this street, or his pursuit of wealth is more persistent than anyone else."

"Do you know what he wants? Haha, he's a jerk. Besides five small banks, he wants IndyMac Bank of California! It's like these banks don't spend money

"IndyMac Bank of California, which specializes in housing loans? Du Li National Mortgage Company... God! " Hamilton's face changed dramatically. He put out his hand to cover half of his face, and Rou let out an unsmooth corner of his eyes, with an unsightly sigh.

"What?" Paulson's sneer on his face was stifled by the exaggerated reaction of his staff.

"IndyMac's financial position has always been questionable. The bank has lent to people with unknown income and assets, and reselled a large number of such loans to financial institutions.

This year, the subprime and housing market crisis intensified, the delinquency rate of housing loan delay increased, and the book absolute assets of IndyMac declined seriously.

IndyMac's assets are about $32.01 billion, and the bank has about $7 trillion in deposits across the United States, of which about 37% are not protected by Federal Deposit Insurance...

Andy Smith must have been staring at it for a long time. Whether we agree or not to deal with it, he will make it "heart attack". Under the current panic, those customers without insurance protection will definitely run crazy.... “

“。。。。。。” The cold sweat on Paulson's forehead came out, his mouth was pulled unnaturally, and his eyes were full of anxiety. He grabbed the cell phone that he had just thrown on the table and was about to dial it out.

"Minister, it's no use! Your phone will only help Andy and Smith finish his work. His people must have short the stock. The bigger the reaction you are, the faster the bubble will burst. The situation of IndyMac bank is very serious. If wind sways grass, it will have a heart attack, sudden death.

"No, I want the FDIC to take over it..." With that, Paulson opened his eyes sharply and held the mobile phone in the air.

Hamilton, an aide, said with a wry smile, "then calculate the cost of bankruptcy... The FDIC will try to keep the new bank as open as possible and start planning to find a buyer for IndyMac, right? "

"In the end, Andy Smith is likely to be the buyer Paulson put down his cell phone, closed his eyes and leaned on the boss's chair, muttering with some exhaustion.

"He has cash in his hand. In this period, no one can resist the cash crisis. Cash is the king!

IndyMac bank is basically 100% invested in mortgage assets, and we are in a bad mortgage market, and the bank has no capital, which is obvious.

Whether we want to or not, IndyMac bank is over. It's just a matter of how to die. It's terrible. Whether it's Andy Smith or his think tank, it's just

There was silence in the office.

"Minister, I'd like to see Andy Smith."

"Ha ha, don't say it's you, I'd like to see him, but he's on vacation in the Caribbean Sea, riding the 100 meter long super yacht he just delivered for use..." Paulson opened his eyes and said with a self mocking smile.

"I'll see him! I want to talk to him. Since he wants to take over IndyMac bank, he must have a way to solve the property that has been smashed into the bank. I want to know how much he is going to spend to take these banks.

In the future, we need his help. A Buffett can't completely restore confidence to the market. What if we add an Andy Smith? "

Paulson was a little surprised, looking at his staff and said, "do you want to really pack and sell it to him?"

"Otherwise, bankruptcy, compensation for 50% of the savings to those users, and complete elimination of middle-class families in the United States...

We don't have much choice but to sell it to the world's top 20 billionaires, who can stabilize customers who are afraid to raise money.

Confidence is the most precious and valuable at this time!

And Andy Smith can bring confidence to those people. After all, his rise has been accepted by the American people, and he is used to his success. Perhaps, taking over the IndyMac bank is the best way to calm the turbulence"Well, I'll ask him out for you, but you're flying to the Caribbean..." Before Paulson had finished speaking, the phone rang on the desk.

“。。。。。。”

Some bitter and helpless Paulson hung up the phone and said to his staff: "mg chase changed its mind. Nearly three quarters of Bear Stearns's assets are subprime loans. Jamie Dimon said that he would not want these assets regardless of the price. He had to cancel the transaction.

He also warned that if Bear Stearns went bankrupt, the other four investment banks were likely to be involved. "

Hearing Paulson's words, the aides sneered and said sarcastically, "he wants the government to help solve the problem of mortgage assets. Bear Stearns's high-quality assets are always coveted by Mg chase. How can they not?"

"I don't know. These bastards have kidnapped the U.S. financial system and everyone. I discussed with Geithner and agreed with Mg Chase's proposal that the New York Federal Reserve lend mg chase $30 billion to mortgage investment grade assets of the same value as Bear Stearns, and the Treasury will compensate for some of the losses."

Hearing Paulson's words, the staff opened their eyes and looked at Paulson in disbelief, with an embarrassed expression of hesitation.

"What's the matter? What do you want to say? "

"Cough..." The assistant's eyes slightly drifted away, and he lowered his head and gave a slight cough. Finally, he wryly smiled and reminded: "maybe you and Mr. Geithner didn't realize that... Without congressional approval, the Treasury cannot compensate the Fed! "

。。。。。。

"Bang!"

"Fxxk! These damned, greedy, hellish vampires, a bunch of cheeky, dirty bedbugs! Even now, they want to fool us

Paulson was incredibly angry, but it didn't help that Bear Stearns couldn't go bankrupt...




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