Indyma Bank's plight has exacerbated concerns among managers, regulators and consumers about the U.S. banking industry. After a long boom, the banking industry is facing increasing pressure.

In fact, since the subprime mortgage crisis broke out, some American banks and saving institutions have been striving to deal with the increasing number of non-performing loans. Obviously, some lenders are too desperate and will definitely be in danger.

According to think tank analysis, although the number of bankrupt banks in this financial crisis is not expected to exceed more than 800 during the Great Depression, it may take several years for troubled financial institutions to resolve bad loans and supplement the insufficient capital.

For now, as the turmoil intensifies, consumers’ perceptions are changing. When the economy is in good condition, they rarely consider the security of deposits.

Compared to the rapid collapse of Indyma due to the large departure of depositors, the more likely situation is the slow motion of "stagnant" described by some bankers, which will make financial institutions already hit by credit problems worse.

To be honest, this kind of time when one moves the whole body and walking on thin ice, Andy Smith's hammer swing to the ice without hesitation for his own selfishness will undoubtedly cause many people to fall into the water and drown. Being busy with the financial crisis, Bernanke and Paulson, who are mentally tragic, can see Andy, which is called a ghost.

But they knew that they had no evidence to prove that Andy Smith made Indyma Bank "a heart attack", and even if there was evidence, it would be useless.

"Hi Paulson, you shouldn't blame me. Really, even if there is no run now, they will be defeated by multiple factors such as credit tightening, deepening real estate decline, and surge in foreclosure rates."

Bernanke, with a cold expression, Paulson, a little black-faced, and Andy Smith, who was leisurely drinking champagne in a glass, formed a small circle that made people look sideways in a corner of the cocktail party.

"But its collapse will bring expensive costs, and its $30.2 billion assets will be taken over. This will become the largest bank failure in U.S. history, and the federal savings insurance fund may also consume the largest amount, with an estimated loss of $12.7 billion..."

Paulson said with a cold face almost roaring in a low voice, while Andy just narrowed his eyes slightly, shrugged, and responded in a helpless tone: "This is a pity!"

Then he turned his attention to the Fed Chairman Bernanke who had never spoken, "Ben, when will my loan be transferred? At this time, there are very few people like me who are willing to take over the bankruptcy of the bank. You should support me in completing the plan as soon as possible and integrating it well, so that I can help you when facing difficulties."

Bernanke pulled his face unnaturally for a few times, and said in a cold tone: "Andy, you have to know that once you enter the bidding stage, you will not be able to get Indymike Bank 100%. Many people will be interested in it."

"Ha~" Andy's slightly narrowed eyes flashed with a cold light, and he sneered indifferently, looking at Bernanke and Paulson and said: "It doesn't matter. At worst, you can find another one. There is not only one bank in the United States. My investment layout will not be lacking in puzzles!"

Paulson and Bernanke's eyes froze slightly, staring at Andy. Before they could say anything, Andy asked with concern: "By the way, I heard that Fannie Mae and Mortgage Mae are trying to rescue the government because of funding problems? Tsk tsk, what are the poor two guys, maybe we should do something, what do you think?"

"Mr. Smith, are you a threat?" Paulson said with a dark face and almost gritted his teeth.

"It seems that you have some misunderstandings about me. How can this be considered a threat? I just think this is a very good investment opportunity. You see so many people present, aren't they all looking for opportunities? You also know that under the current economic situation, life is difficult and you need to make more money." Andy looked at Paulson seriously, revealing his own thoughts like an old friend.

Bernanke really couldn't stand Andy's sarcastic aura, and said in a cold voice: "I want to lose my companion..."

"Haha." Andy drank all the champagne, chuckled, looked at Bernanke's leaving figure, turned to look at Paulson with an equally ugly face and said, "Look, that Mr. John Paulson, who shorted the US stock market last year and made $3.7 billion. He was called the new god of money making by Wall Street. And Mr. Bernard Madoff, is even more powerful. He is in charge of $17 billion in funds, and even in this economic environment, he can still get a return rate of more than 7%..."

Paulson narrowed his eyes and stared at Andy, interrupting his confusing words and said, "What the hell do you want to say?"

"This is a feast, everyone is doing their best to make money, so no one can pretend to be a savior!"

Andy looked at Paulson with a sneer, "My business has been done, it depends on yours now. Indymike Bank asked me to take over one day earlier. Maybe I will consider handing you another larger financial time bomb detonator so that you can enter the history books!"

Paulson's pupils suddenly shrank. He didn't think the young bastard in front of him would talk nonsense. He reached out and grabbed Andy's arm, "What did you find?"

"Haha." Andy's face showed a charming smile and reached out to push Paulson's hand away. "Maybe there, maybe not, I'll wait for your good news. To be honest, Indy Mac Bank has laid off half of its employees and heard that it will start selling more than 60% of its retail mortgage business. However, all kinds of remedies cannot save the rot of this apple. It's time for fdic to take over it."

Paulson looked at Andy Smith with a faint smile and was so angry that he hated him, but he knew that since he said that, he must have found something. To describe it as a time bomb, it can be enough to show the seriousness of the matter. Not to mention a time bomb, there is a little turbulence in the US financial market now.

"Andy, have we signed the memorandum? Are you worried?"
Chapter completed!