American Fortune Life

In the Free City Investment Company conference room, Andy listens to the results of these players and the next goal they choose.

Such seminars have long been a daily necessity here, and this is the best way to keep them competing and under pressure, and, of course, more importantly, to eliminate high-risk speculative targets in quarrels.

“I'm still of the view that Citibank and Rich Country Bank are not currently underpriced, and that there is no big bo-motion, so it's not the right time to empty them... ”

“Timing? Citibank lost $9.83 billion in the last four quarters and urgently raised $12.5 billion through public offerings and private placements to fill this gap.

Fiscal results for the first quarter of this year can still be expected to be the result of huge losses. The stock market has remained stable, but you and I both know that this is just a shock management in the uncertain future.

Look at the volume, it's pathetic, the market just shows up with one signal, trampling will occur, causing more panic, you say the time will come, the problem is that everyone in the world knows the time has come! ”

“You have to understand, that's Citibank! Do you think the government will put it in a bankruptcy crisis? The Fed will definitely help them... ”

Badstone kept looking up at the information and said seriously: “This is not the best time to be a flag and a rich country bank. There are no connections. If we don't, we will face the hedge funds directly, no compensation, wait a little longer. When the second round of banking collapse starts, we will start again. ”

Andy was nestled in the boss chair on the throne, and he didn't speak from the start of the meeting, heard Budstone's decision, nodded slightly, and said with a smile: "Actually, you can start planning. ”

The words of the big boss inspired everyone in the conference room, but they knew that the big boss would never be defensive and that a new feast might begin.

“Just a few days later, the United States Federal Banking Supervisory Authority will publish to the public a new category of National Bank licences, known as" pending licences ”.

This is the initial OCC approval of investors conditional on obtaining a National Bank operating concession, and is in response to the requirement that the relevant investment group be able to implement mergers and acquisitions for “troubled institutions”.

The purpose of the OCC initiative is to expand the acquisition of banks in distress by potential buyers and to facilitate new equity investments by investors in distressed savings institutions. ”

Wow...

When the conference room was in Riton, it was simply an endorsement of the private takeover of the National Bank, which was the opening of a new banquet, and everyone was staring.

“Yes, that means that the United States banking industry will undergo a round of integration of market structures and that the concentration and monopoly of the banking sector will increase further.

The new bankruptcy tide is imminent and the Federal Deposit Insurance Corporation will play the role of receiver of the bankrupt bank.

In accordance with past practice, when FDIC takes over “troubled banks”, it usually seeks competitive bidding from banking financial institutions, such as commercial banks or savings and lending institutions, before a bank closes, while other institutions, such as private investors, cannot participate.

This new provision enables potential non-bank acquirers to apply from the OCC for a conditional "pending licence” that applies only to the National Bank, which has been “inactive” since its issuance.

Once these acquirers have taken the auctioned bank from the FDIC competitive bid, these institutions can officially activate the National Bank's licence and acquire the assets of the takeover bank from the FDIC and assume the obligations under the deposit. ”

Andy gave people a little explanation with a smile, looked at the unbelievable look on their faces, and was emotional.

Hamilton told him it was Paulson's quest for legal support to get him the bank he wanted. Andy, of course, didn't believe Paulson was just doing it for him, and to be honest, Paulson was also creating a door for those swimming sharks to re-integrate and merge banking without hesitation.

The United States is a country governed by the rule of law, and all major acquisitions must be carried out within the framework permitted by law in order to prevent future economic crisis investigation agencies from reversing their accounts. Private acquisitions of the National Bank are not allowed, but now that licences have been activated, Andy will be able to obtain the required banks smoothly and legitimately.

Oh, very familiar, isn't it? That's right, to be honest, it's legal to resell Guo's assets after he's taken over...

Andy took Budstone to the upper level of Gaia, where the busy atmosphere grew and everyone was walking at a small speed.

“Hello, boss... ”

“Boss. ”

Along the way, Andy smiled and quickly walked past his subordinates, who greeted him, nodding.

“Boss, is this another new project?” Budstone looked at the busy and tense office hall, everyone was looking at a pile of material, and others were yelling at the number of reports and handing over the documents in their hands to others.

“Well, they bankrupted Miami Valley Bank, Douglas National Bank of Missouri, and Hume Bank of Missouri before clearing the accounts, and I've got the pending license issued by the OCC, and when they announce it to the public, we'll take over the three banks, free of charge, just to assume the debt. ”

Andy looked at Budstone with a bright smile on his face and explained, looking at the strange look on Budstone's face, he couldn't help but laugh.

In the office, Andy relaxed with some aromatic coffee and listened to what Al had reported to him.

“The Miami Valley Bank, which went bankrupt last October with a total of 254 million assets and 230 million in savings, currently has a large number of properties in its hands that have not been auctioned off as a result of unfavourable liquidity.

The National Bank of Douglas, Missouri, with a total asset of $58.5 million, went bankrupt as a result of the bank crowd last January and was the first bank to be killed by a crowd of nightmares.

Hume Bank Missouri currently has only $18.7 million in assets left, but has... 600 mortgaged properties to auction. ”

“Pff--”

Andy almost sprayed the coffee out of his mouth, grabbed a paper towel from his side and wiped the corner of his mouth, and some cried, “How much mortgage does Miami Valley Bank have now? ”

“800 buildings... ”

“Oh...” Andy shook his head with a bitter smile and threw up: “Shet, I'm going to be a real estate dealer! ”

Al and Badstone couldn't help laughing, but the laughter stopped quickly, and they couldn't help but sigh, don't look at the numbers, which also means that at least 1,400 families or individuals are unemployed and bankrupt.

“Speed up the cleanup and contact the original management of these banks as soon as possible so that they can reconvene some of the outstanding employees who are unemployed at home. When we complete the takeover process, let this group of people check all the mortgaged properties out for me. Never let these properties become haunted houses, homeless houses! ”

Andy thought that the $1 of his past life could buy a villa joke in the United States, couldn't help but look slightly different, the abandoned independent house, the whole community turned into a homeless paradise, don't say sold again, it was just a gift, and nobody would live in a neighborhood that was all homeless, Nima, that was a game of life!

He was also hoping to make half of the original price of the property a treasure, and Andy's heart was on fire when he thought of those scrambled houses that were carrying cash to buy the house!

However, to attract money from this group, at least ensure the integrity of these properties and the security environment of the community. Otherwise, it would be a better house. None of the homeowners will take a closer look. It seems that this time we see Li Xiaoying, we need to ask her if the investment of the real estate brokerage company has been implemented!