American Fortune Life

In the conference room of Liberty City Investment Company, Andy listened to the reports of the results of the traders and the next target they chose.

This kind of seminar has long been a daily necessity here, and it is also the best way for them to compete with each other and maintain pressure. Of course, more importantly, it can eliminate high-risk speculative targets in the quarrel.

"I still have the same opinion. The current stock prices of both Citibank and Wells Fargo are not low, and there has not been a big fluctuation. It is not the right time to short them..."

"Timing? Citibank lost US$9.83 billion in the fourth quarter of last year and urgently raised US$12.5 billion through public offerings and private placements to make up for this hole.

The financial report for the first quarter of this year, it is conceivable that it will still be the result of a huge loss. Although the stock market remains stable now, you and I both know that this is just a shock arrangement for the unknown future.

Looking at the trading volume, it is pitifully small. As long as there is a signal in the market, there will be a stampede, which will cause greater panic. The time you said has come. The problem is that people all over the world know that the time has come! "

"You know, it's Citibank! Do you think the government will let it go bankrupt? The Fed will help them out..."

Bardstone, who had been looking at the materials, raised his head and said with a serious expression: "It is not the best time to short Citigroup and Wells Fargo. There is no related event. If we short, we will directly face those hedge funds. The gains outweigh the losses. Let's wait until the second round of bank failures starts, and then we will start."

Andy leaned against the boss chair in the main seat. He didn't speak from the beginning of the meeting. After hearing Bardstone's decision, he nodded slightly and said with a smile: "Actually, you can start making plans. .”

The words of the big boss lifted the spirits of everyone in the conference room. They knew that the big boss would never target indiscriminately, and they also knew that a new feast might begin.

"In the past few days, the U.S. Federal Banking Regulatory Agency will announce a new type of national bank license, which is called a "license to be activated".

This is a conditional preliminary approval for investors to obtain the operating charter of Kookmin Bank, and it is a regulation that is used when the relevant investment group can carry out mergers and acquisitions of "distressed institutions".

The move is intended to broaden potential buyers for troubled banks and facilitate new equity investments by investors in troubled thrifts. "

Wow——

There was an uproar in the conference room.

This kind of clause is completely endorsing the private acquisition of the National Bank. This is simply opening a new gluttonous feast, and everyone is a little dumbfounded.

"That's right, that is to say, the US banking industry will undergo a round of market structure integration, and the degree of concentration and monopoly in the banking industry will further increase.

A new wave of bank failures will come soon, and the FDIC will play the role of receiver of failed banks.

According to past practice, when the FDIC takes over those "distressed banks", it usually seeks bidding from banking financial institutions such as commercial banks or savings and loan institutions before a bank closes, while other institutions such as private equity investors cannot participate. .

The new rules allow potential non-bank acquirers from there to apply for a conditional "pending license" only available to NAB, which is issued in an "inactive state".

Once these acquirers bid for the auctioned bank from the FDIC, these institutions can officially activate the national bank license and acquire the assets of the taken over bank from the FDIC and assume the debt under the deposit. "

Andy smiled lightly and explained to everyone. Seeing the unbelievable expressions on everyone's faces, he felt a lot of emotion in his heart.

Hamilton told him that this was the legal support Paulson was looking for so that he could get the bank he wanted smoothly. Of course, Andy didn't believe that Paulson was just for him alone. To put it bluntly, Paulson also created a door for those cruising sharks, allowing them to reintegrate the banking industry without any scruples. and mergers.

The United States is a country ruled by law. In order to prevent future economic crisis investigation agencies from reversing old accounts, all large-scale acquisitions must be carried out within the framework permitted by law. Private acquisitions of National Bank are not allowed, but now there is a pending license. , Andy can get the required bank smoothly and legally.

Hehe, very familiar, right? That's right, to put it bluntly, it is legal reselling of state-owned assets after being taken over. . .

Andy took Bardstone to the Gaia company on the upper floor. The busy atmosphere of the whole Gaia company became more and more intense, and everyone walked at a trotting speed.

"Hi boss..."

"boss."

Along the way, Andy smiled and nodded to the subordinates who walked past him and greeted him.

"Boss, is this another new project?" Bardstone looked at the busy and tense office hall, everyone was flipping through stacks of materials, and some people were shouting and reporting figures, raising their hands The file is passed to someone else.

"Well, the financial situation of the bankrupt Miami Valley Bank, Douglas National Bank of Missouri, and Hume Bank of Missouri before they cleared their accounts. Three banks, free of charge, just need to take on the debt."

Andy turned to look at Bardstone with a bright smile on his face, and explained to him, looking at the strange expression on Bardstone's face, he couldn't help but chuckled.

In the office, Andy took a leisurely cup of coffee and listened to what Al reported to him.

"Miami Valley Bank went bankrupt in October last year, with total assets of 254 million and savings of 230 million. It went bankrupt due to poor capital turnover. At present, there are a large number of properties confiscated due to loan interruptions that have not yet been auctioned, mainly because no one Participate in the auction...

Douglas National Bank of Missouri, with total assets of $58.5 million, went bankrupt due to a bank run in January this year, and was also the first bank to be killed by the nightmare of a run.

Hume Bank of Missouri currently has only $18.7 million left in its assets, but it has it in hand. . . 600 mortgaged properties are up for auction. "

"puff--"

Andy almost spit out the coffee in his mouth, wiped the corner of his mouth with a tissue from the side, and asked a little bit dumbfoundingly: "How many mortgage properties does Miami Valley Bank have now?"

"Building 800..."

"Hehe..." Andy shook his head with a wry smile, and complained, "Xie Te, I'm going to become a big real estate developer!"

Al and Bardstone couldn't hold back their laughter, and laughed out loud, but the laughter stopped quickly, and they couldn't help but sighed lightly. Don't look at these numbers, in fact, it also means that there are at least 1,400 Family or personal unemployment, bankruptcy.

"Speed ​​up the speed of cleaning up, contact the original management of these banks as soon as possible, and ask them to call up some excellent employees who are out of work at home, and let these people give me all the mortgaged properties after we complete the takeover procedures Let’s check the situation, we must not let these properties become haunted houses, homes for homeless people!”

Andy thought of those jokes that he could buy a villa in the United States with 1 dollar in his previous life, and his complexion changed slightly. The abandoned detached houses and the whole community have become a paradise for homeless people. Let alone selling them again, they are just free gifts. , and no one would live in a community full of homeless people, Nima, that would be a life-threatening situation!

He was still hoping to turn these properties that had half their original price from waste into treasures. Thinking of the group of real estate speculators who bought houses with cash in the Celestial Dynasty, Andy's heart became hot!

However, if you want to attract this group of people to pay, you must at least ensure the integrity of these properties and the security environment of the community. Otherwise, no matter how good the house is, the group of local tyrants will not take a second look. When it comes to Li Xiaoying, ask her real estate agency whether the investment has been implemented!