Chapter nine hundred and ninety-fifth, turning hands for clouds and covering hands for rain
"robber!"
Paulson, who was holding the phone, lost his blood because he used too much force, hung up Old Smith's call. His body trembled slightly, and he gritted his teeth and squeezed out a word from his teeth.
His chief aide Hamilton shook his head helplessly. Although he didn't know what conditions Andy Smith had put forward, with his understanding of Andy Smith, he would never miss the opportunity for this global economic crisis.
Even if you want to trade, it is a very difficult condition to agree. Hamilton looked at Paulson, who was angry and blushed, and comforted him: "Minister, we have known for a long time that he would make excessive demands. His greed is no lower than that of anyone on this street, or his pursuit of wealth is more persistent than anyone."
"Do you know what he wants? Haha, he's just a bastard. In addition to five banks of not big size, he also wants indyma Bank in California! It seems that these banks don't cost money..."
"The California Indyma Bank, which specializes in issuing housing loans, has established the National Mortgage Company... God!" Hamilton's face changed drastically, and he reached out to cover half of his face, roguely corners of his eyes, and sighed with an ugly expression.
"What?" Paulson's sneer on his face was shocked by the exaggerated reaction of his staff and returned.
“Indyma’s financial position has always been doubted. The bank has issued loans to those with unknown income and assets and resold a large amount of such loans to financial institutions.
This year, the crisis in the subprime mortgage and housing market has worsened, the default rate of housing loan deferred payments has increased, and indyma's book absolute assets have shrunk severely.
Indyma's assets are approximately US$320.1 billion. The bank has approximately 7 trillion deposits across the United States, of which about 37% of the deposits are not protected by federal savings insurance...
Andy Smith must have been eyeing it for a long time. Whether we agree with the transaction or not, he will make it "heart attack". In this current panic, those customers who do not have insurance protection will definitely run wildly... "
"..." Cold sweat came out from Paulson's forehead, the corners of his mouth were unnaturally pulled, his eyes were full of anxiety. He suddenly grabbed the cell phone that he had just thrown on the table and was about to dial it out.
"Minister, it's useless! Your phone call will only help Andy Smith complete his work. His people must have shorted this stock. The bigger you react now, the faster the bubble bursts. The situation at indyma Bank must be very serious. As long as there is a turbulence, it will have a heart attack and die suddenly!"
"No, I want the Federal Deposit Insurance Company to take over it..." After saying this, Paulson opened his eyes suddenly, and his hand holding the phone was fixed in mid-air.
Aide Hamilton said with a wry smile: "Then calculate the cost of bankruptcy... The Federal Deposit Insurance Company will keep the new bank as normal as possible and start planning to seek a buyer for Indyma, right?"
"End, Andy Smith is likely to become that buyer..." Paulson put down his phone, closed his eyes, leaned against the boss' chair, muttering with some exhaustion.
"He has cash in his hand. During this period, no one can resist the cash. The liquidity crisis is the king!
Indyma Bank is a bank that is basically 100% invested in mortgage assets, and we are in a bad mortgage market where the bank has no capital, which is obvious.
Whether we are willing or not, the indyma bank is just a matter of how to die. It’s amazing, whether it’s Andy Smith or his think tank, it’s simply…”
The office fell into silence.
"Minister, I want to meet Andy Smith."
"Haha, let alone you, I want to see him, but he is now on vacation in the Caribbean Sea, riding the 100-meter-long superyacht he just delivered..." Paulson opened his eyes and said with a self-deprecating smile.
"I'll go see him! I want to talk to him. Since he wants to take over the mess of indyma Bank, he must have a way to solve the real estate that has been smashed into the hands of the bank. I want to know how much he is going to spend to get these banks.
We need his help in the future. A Buffett cannot completely restore the market's confidence. What if an Andy Smith is added?"
Paulson was slightly stunned and looked at his staff and said, "Do you want to really sell it to him?"
"Otherwise, bankruptcy, compensation of 50% of the deposit will be given to those users, and the middle-class families in the United States will be completely eliminated...
We have no more choices, but instead sell it to him, a billionaire ranked 20th in the world, and can stabilize those deposit customers who are worried about withdrawing money.
Faith 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 has become accustomed to his successes again and again. Perhaps, the best solution is to take over Indyma Bank to calm the turmoil..."
"Okay, I'll ask him for help, but you're going to fly to the Caribbean..." Before Paulson could finish his words, the phone on the table rang.
“…”
Paulson hung up the phone and said to his staff: "MG Chase has changed its mind. Nearly three-quarters of Bear Stearns' assets are subprime loans and have been found. Jamie Dimon said that no matter what the price, he will not want these assets and must cancel the transaction.
He also issued a warning that if Bear Stearn goes bankrupt, the other four investment banks are likely to be implicated."
Hearing Paulson's words, the staff sneered on his face and said sarcastically: "He wants the government to help solve the problem of mortgage assets. Bear Stearns' high-quality assets have always been coveted by mg Chase. How could they not want them!"
"Even if I know, I don't know. These bastards have kidnapped the US financial system and everyone. Geithner and I discussed it and agreed to the proposal of MG Chase, which would allow the New York Fed to lend MG Chase $30 billion to MG Chase, mortgage investment-grade assets of the same value as Bear Stearns, and the Treasury Department will compensate for some of the losses."
Hearing Paulson's words, the staff opened their eyes widened and looked at Paulson in disbelief, with an awkward expression of hesitation.
"What's wrong? What do you want to say?"
"Cough cough..." The staff member lowered his head and coughed slightly with a little wandering look, and finally reminded with a wry smile: "Maybe you and Mr. Geithner did not realize... Without Congress' approval, the Ministry of Treasury would not be able to compensate the Federal Reserve!"...
"Bang!"
"fxxk! These damn, greedy, and hell vampires, a group of cheeky, dirty bed bugs! Even now, they still want to fool us..."
Chapter completed!