American Fortune Life

“Bandits! ”

Paulson grabbed the phone's hand because of excessive force, some loss of blood, hung up old Smith's phone, his body trembled slightly, and a word was squeezed out of his teeth by biting his teeth.

His chief bureaucrat, Hamilton, shook his head helplessly, and although he did not know what conditions Andy Smith had put in place, his understanding of Andy Smith meant that he would never let go of the opportunity of the global economic crisis.

Even trading is a very difficult condition, and Hamilton looked at Paulson, angry and blushed, comforting: “Minister, we knew he would be demanding too much, that his greed is no less than that of anyone on this street, or that his heart for wealth is more stubborn than that of anyone. ”

“Do you know what he wants? Ha ha, he's such an asshole, besides five big, big banks, he's got the IndyMac Bank of California! It's like these banks don't spend money... ”

“The IndyMac Bank of California, which specializes in housing loans? DU National Mortgage Corporation... Jesus Christ!" Hamilton's face changed dramatically, reaching over his half face, rounding his astringent corner of his eyes, and his expression exclaimed.

“Why?” Paulson's grin on his face was held back by the exaggerated reaction of the staff.

“IndyMac's financial position has always been questionable. The Bank had granted loans to persons whose income and assets were unknown and had resold a large number of such loans to financial institutions.

This year, the crisis in the lending and housing market intensified, defaults on mortgage payments rose, and IndyMac's absolute book assets shrunk dramatically.

IndyMac has approximately $320.1 billion in assets and the Bank has approximately 7 trillion in deposits across the United States, some 37 per cent of which are not covered by federal savings insurance.

Andy Smith must have been onto it a long time ago, and whether we agreed to a deal or not, he would have given it a "heart attack," and in the current panic, clients without insurance protection would have been absolutely crazy to squeeze... “

“ ”Paulson's cold sweat came out of his forehead, his mouth unnaturally pulled, his eyes were full of anxiety, and he grabbed the phone he had just thrown at the table and was about to dial it out.

“Minister, it's no use! Your call will only help Andy Smith do his job. His people must have run out of stock. The more you react now, the faster this foam will burst. The situation at IndyMac Bank must be serious. As soon as the wind blows, it will have a heart attack and die suddenly! ”

“No, I want the Federal Deposit Insurance Company to take over...” Having said that, Paulson's eyes opened wide and his hand holding the phone was set in the air.

Worker Hamilton grinned, “Then calculate the cost of bankruptcy... Federal Deposit Insurance will keep the new bank running as normal 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 his phone down, closed his eyes, leaned against the boss's chair, and his spirit was a little tired.

“He has cash in his hands, during this period, no one can resist the youhuo of cash, the liquid xing crisis, cash as king!

IndyMac Bank is a bank that invests essentially 100 per cent in mortgage assets, and we are in a bad mortgage market, and it is clear that the bank is no longer capitalized.

Whether we like it or not, IndyMac Bank is finished, just a question of how to die, awesome, whether it's Andy Smith or his think tank, it's... ”

There was silence in the office.

“Minister, I'd like to see Andy Smith. ”

“Oh, don't say it's you, I'd love to see him too, but he's on vacation in the Caribbean now, aboard a superyacht 100 metres long that he just delivered...” Paulson opened his eyes and laughed ridiculously.

“I'll see him! I want to talk to him, and since he wants to take over this mess of IndyMac banks, he's definitely got a way to fix the real estate that went down in the bank's hands, and I want to know how much he's going to pay to take them down.

We need his help in the future, and a Buffett doesn't fully restore confidence in the market, what if we add an Andy Smith? ”

Paulson was slightly stunned and looked at his staff and said, "Do you really want to pack and sell it to him? ”

“Otherwise, bankruptcy, compensation of 50 per cent of deposits to those users, total elimination of middle-aged families in the United States...

Instead of having more options, we sold him to the world's 20th billionaire, stabilizing depositors who were scared to pick up money.

Confidence, most precious and most valuable at this time!

Andy Smith can bring confidence to those who, after all, have embraced his rise and become accustomed to one of his successes. Perhaps his takeover of IndyMac Bank is the best way to calm the turmoil. ”

“Well, I'll help you ask him out, but you're flying to the Caribbean...” Paulson's words were not finished, and the phone on the table rang.

“ ”

"MG Chase changed his mind and nearly three quarters of Belsdom's assets were identified as subprime loans, and Jamie Diamond said he wouldn't want that part of the assets, regardless of the price, and had to cancel the deal.

He also warned that four other investment banks were likely to be implicated if Belsden went bankrupt. ”

When he heard Paulson's words, the bureaucrat smiled and said sarcastically: "He wants the government to help solve the mortgage asset problem. Bellstein's quality assets have been coveted by MG Chase, how could they not! ”

“Even if you didn't know, the bastards have kidnapped the U.S. financial system, and everyone, I've talked to Gaithner, agreeing to MG Chase's offer to let the New York Fed lend MG Chase $30 billion as collateral against Bellstein's equivalent investment-grade assets, and the Treasury Department compensates for part of the loss. ”

When he heard Paulson's words, the clerk opened his eyes and looked incredibly at Paulson, a pair of YU words stopped, hesitating to look embarrassed.

“What's the matter? What are you trying to say?

“Cough...” The clerk's eyes slightly lowered slightly, coughed slightly, and finally smiled and warned, “Perhaps you and Mr. Gaitner didn't realize... The Treasury can't compensate the Fed without Congressional approval! ”

“Boom!”

“fxxk! Damn, greedy, hell of a bunch of vampires, a bunch of thick-skinned, dirty bugs! Even now, they're trying to fool us... ”

Paulson felt incredible and started to get angry, but anger didn't help, and Bellstein couldn't go bankrupt...