American Fortune Life

IndyMac's woes have heightened concerns among managers, regulators and consumers about the U.S. banking sector. After a long boom, the banking industry is under increasing pressure.

In fact, since the outbreak of the subprime mortgage crisis, some banks and savings institutions in the United States have been struggling to cope with the continuous increase of non-performing loans.

According to the analysis of a think tank, although the number of bank failures in this financial crisis is not expected to exceed more than 800 during the Great Depression, it may take several years for financial institutions in trouble to resolve non-performing loans and replenish capital shortages.

For now, consumer perceptions are changing as unrest mounts. When the economy is doing well, they rarely think about the safety of their deposits.

More likely than a swift collapse of IndyMac as a result of the mass exodus of savers is what some bankers describe as a slow-motion “floating” scenario that would worsen financial institutions already battered by credit problems.

To tell you the truth, in this period when the whole body is moved by one hair, and it is like walking on thin ice, Andy Smith did not hesitate to slam his hammer on the ice for his own selfishness, which will undoubtedly cause many people to fall into the water and drown. Troubled and busy, Bernanke and Paulson, who were mentally devastated, could see Andy pleasing to the eye.

It's just that they know that they don't have any evidence that Andy Smith gave IndyMac Bank a "heart attack," and it's useless to have evidence.

"Hey Paulson, you shouldn't blame me, really, even if there were no runs right now, they would be crushed by a combination of factors such as a crunch in credit, a deepening housing slump, and a surge in foreclosures."

Bernanke with a cold expression, Paulson with a dark face, and Andy Smith, who was smiling and drinking champagne leisurely in a glass, formed a small circle of eye-catching people in a corner of the reception.

"But its collapse will bring expensive costs, and its assets of 30.2 billion U.S. dollars will be taken over. This will become the largest bank failure in U.S. history, and the consumption of the Federal Savings Insurance Fund may also reach the largest amount. Losses amounted to $12.7 billion . . . ”

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

Then he turned his attention to the Federal Reserve Chairman Bernanke who has been silent, "Ben, when will my loan be allocated? At this time, there are very few people like me who are willing to take over the bankrupt bank. You should support me Complete the plan as soon as possible and integrate it well, so that I can help you when you face difficulties."

Bernanke twitched his face unnaturally a few times,

The tone was a little cold and said: "Andy, you have to know that once you enter the bidding process, you will not be able to get IndyMac Bank 100%, and many people will be interested in it."

"Ha~" Andy's slightly squinted eyes flashed a cold light, he sneered indifferently, looked at Bernanke and Paulson and said: "It doesn't matter, the big deal is to find another one, American banks are not only One family, my investment layout will not lack puzzle pieces!"

The eyes of Paulson and Bernanke couldn't help but stare at Andy. Before they could say anything, Andy asked with concern: "By the way, I heard that Fannie Mae and Mortgage The United States is hoping for a government bailout because of funding problems? Tsk tsk, these two poor guys, maybe we should do something, what do you think?"

"Mr. Smith, are you threatening?" Paulson said with a dark face, almost gnashing his teeth.

"It seems that you have misunderstood me. How can this be considered a threat? I just think this is a very good investment opportunity. Look at the many people present, aren't they all looking for opportunities? You also know that under the current economic situation , Life is hard, I need to make more money." Andy looked at Paulson solemnly, like an old friend, and confided his heart.

Bernanke really couldn't stand Andy's ambiguity, so he said in a cold voice, "I want to excuse you..."

"Hehe." Andy drank the champagne, chuckled, looked at Bernanke's leaving figure, turned to look at Paulson with the same ugly face and said: "Look, that Mr. John Paulson, last year Shorting U.S. stocks in one year earned 3.7 billion U.S. dollars, and was called the new God of Money by Wall Street. There is also Mr. Bernard Madoff, who is even more powerful, in charge of a fund of 17 billion U.S. dollars. In the economic environment, you can still get a rate of return of more than 7%... "

Paulson squinted his eyes slightly, stared at Andy, interrupted his confusing words, and said, "What exactly are you trying to say?"

"This is a feast of gluttony. Everyone is doing their best and doing everything they can to make money, so don't pretend to be a savior!"

Andy looked at Paulson with a sneer, "My work is done, it's up to you now, IndyMac Bank let me take over one day earlier, maybe I will consider detonating another bigger financial time bomb Maybe I’ll give you the device so that you can be included in the annals of history!”

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

"Ha ha." A charming smile appeared on Andy's face, and he stretched out his hand to push Paulson's hand away, "Maybe, maybe not, I'll wait for your good news, to be honest, IndyMac Bank has cut half of its Employees, heard about to start selling over 60% of the retail mortgage business. However, various remedial measures will not save this rotten apple after all. It is time for the FDIC to take it over."

Paulson looked at Andy Smith with a faint smile on his face, and he really hated his teeth, but he knew that since he said that, there must be something discovered. Using the description of a time bomb is enough to explain the seriousness of the matter, let alone It's a ticking time bomb, and now the US financial market can't stand any troubles.

"Andy, haven't we signed the memorandum, don't you feel relieved?"

"Hehe, I'm safe. I'm still young, with little experience and timidity. Let's talk again after the bank matter is settled. If you come in a hurry, I wish you a good time. I'm sorry. "Andy put the empty wine glass on the tray of a passing waiter, took another glass, smiled lightly and raised it slightly as a signal, then turned and walked towards Ivana who was chatting with a group of ladies.