American Fortune Life

"robber!"

Paulson's hand holding the phone lost its color due to too much force. He hung up the phone of Old Smith. His body trembled slightly, and he gritted his teeth to force out a word.

His chief staff officer, Hamilton, shook his head helplessly. Although he didn't know what conditions Andy Smith proposed, based on his understanding of Andy Smith, he would never let go of the opportunity of this global economic crisis.

Even if there is a deal, it is a very difficult condition to agree to. Hamilton looked at Paulson who was flushed with anger, and comforted him: "Minister, we have known that he would make excessive demands. His greed is no worse than this." No one in the street, or his pursuit of wealth is more persistent than anyone else."

"You know what he wants? Haha, what an asshole, besides five small banks, he wants IndyMac Bank of California! As if these banks cost nothing..."

"IndyMac Bank of California, which specializes in housing loans? DU National Mortgage Corporation... Oh God!" Hamilton's complexion changed drastically, and he stretched out his hand to cover half of his face, rouged the corners of his eyes, and let out a sigh with an ugly expression.

"What?" The sneer on Paulson's face was suppressed by the staff's exaggerated reaction.

"IndyMac's financial position has always been questionable. The bank has made loans to people whose income and assets are unknown, and resold a large number of these loans to financial institutions.

This year, the crisis in the subprime mortgage and housing markets has intensified, the delinquency rate of housing loan payments has increased, and IndyMac's book absolute assets have shrunk severely.

IndyMac has about $32.01 billion in assets, and about 37% of the bank's $7 trillion in deposits nationwide are not protected by federal deposit insurance. . .

Andy Smith must have been eyeing it a long time ago. Whether we agree to the deal or not, he will give it a "heart attack". In this panic, those customers without insurance protection will definitely run crazy . . . . "

"..." Cold sweat broke out on Paulson's forehead, the corners of his mouth were pulled unnaturally, his eyes were full of anxiety, he grabbed the mobile phone he had just thrown on the table, and was about to dial it .

"Minister, it's useless! Your call will only help Andy Smith do his job. His people must have shorted this stock. The more you react now, the faster this bubble will burst. IndyMac Bank It must be very serious, as long as there is any trouble, it will have a heart attack and die suddenly!"

"Do not,

I'm going to let the FDIC take over it. . . After saying this, Paulson opened his eyes sharply, and the hand holding the mobile phone was also fixed in mid-air.

Aide Hamilton said with a wry smile: "Then calculate the cost of bankruptcy... The FDIC will try to maintain the normal operation of the new bank as much 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 phone, closed his eyes, leaned on the boss chair, and muttered exhaustedly.

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

IndyMac Bank is a bank that is essentially 100% invested in mortgage assets, and we're in a bad mortgage market, the bank is out of capital, that's pretty obvious.

Whether we like it or not, the IndyMac bank is over, it's just a question of how to die, it's amazing, whether it's Andy Smith or his think tank, it's simply. . . "

There was silence in the office.

"Minister, I would like to see Andy Smith."

"Hehe, don't say it's you, I want to see him too, but he's on vacation in the Caribbean right now, riding the 100-meter-long superyacht he just delivered..." Paulson opened his eyes and smiled self-deprecatingly said with a smile.

"I'm going to see him! I want to talk to him. Since he wants to take over the mess of IndyMac Bank, he must have a way to deal with the real estate that is in the hands of the banks. I want to know how much he is going to spend to take down these banks. .

We need his help in the future. A single Buffett cannot fully restore confidence in the market. What if another Andy Smith is added? "

Paulson was a little stunned, looked at his staff and said, "You really want to pack it up and sell it to him?"

"Otherwise, go bankrupt, compensate 50% of the deposits to those users, and completely wipe out middle-class families in the United States...

We had no other choice, but instead sold him, the 20th billionaire in the world, who can stabilize deposit customers who are worried and want to withdraw 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 they are used to his success again and again. Perhaps, it is the best solution for him to take over IndyMac Bank to quell the turmoil. . . "

"Okay, I'll help you make an appointment with him, but you're flying to the Caribbean..." Before Paulson finished speaking, the phone on the desk rang.

"..."

Some bitter and helpless Paulson hung up the phone and said to his staff: "MG Chase has changed its mind. Nearly three-quarters of Bear Stearns' assets are found to be subprime loans. Jamie Dimon said that no matter the price No matter what, he will not want this part of the assets, and must cancel the transaction.

He also issued a warning that if Bear Stearns goes bankrupt, the other four investment banks are likely to be implicated. "

Hearing Paulson's words, the staff showed a sneer and said sarcastically: "He wants the government to help solve the problem of mortgage assets. Bear Stearns' high-quality assets are always coveted by MG Chase. How could they not want it!"

"Even if you don't know it, these bastards have kidnapped the US financial system and everyone. I discussed with Geithner and agreed with MG Chase's proposal that the New York Fed would lend MG Chase $30 billion in exchange for Bells. Investment-grade assets of the same value can be used as collateral, and the Ministry of Finance will compensate part of the losses.”

Hearing Paulson's words, the aide's eyes widened, and he looked at Paulson in disbelief, with an embarrassing expression of hesitating and hesitating.

"What's wrong? What do you want to say?"

"Ahem..." the staff member lowered his head and coughed slightly with wandering eyes, and finally reminded with a wry smile: "Perhaps you and Mr. Geithner didn't realize...the Treasury Department can't compensate you without the approval of Congress." Fed's!"

. . . . . .

"boom!"

"fxxk! These bloody, greedy, damned vampires, a bunch of cheeky, dirty bugs! Even now, they're trying to fool us..."

Paulson was in disbelief and began to lose his temper, but anger was useless. Bear Stearns couldn't go bankrupt. . .