American Fortune Life

The plight of IndyMac banks has exacerbated concerns among regulators, regulators and consumers about U.S. banking. After a long boom, the banking sector is under increasing pressure.

In fact, since the outbreak of the subprime mortgage crisis, a number of banks and savings institutions in the United States have struggled to cope with the increasing number of non-performing loans, and it is clear that some lending institutions have been too vigorous to die and will surely be as violent as others.

According to a think tank analysis, although the number of banks that failed is not expected to exceed 800 during the Great Depression, it may take several years for troubled financial institutions to address non-performing loans and replenish capital shortfalls.

For the time being, consumer perceptions are changing as the turmoil intensifies. When the economy is in good shape, they rarely consider the security of their deposits.

More likely than IndyMac's possible rapid collapse due to the massive departure of savers is what some bankers describe as "hovering around” in slow motion, which can exacerbate financial institutions already hit by credit problems.

To be honest, in a time of thin ice, Andy Smith, for his own sake, did not hesitate to swing a hammer into the ice, undoubtedly drowning many people in the water, and before and after a busy financial crisis, Bernanke and Paulson, who were devastated, were able to see Andy smoothly. That was called ghosts.

They just know that they don't have any proof that Andy Smith gave IndyMac a "heart attack," even if they do.

“Hey, Paulson, you shouldn't blame me. Really, even if there isn't a crowding trend right now, they can be crushed by multiple factors such as tightening credit, deepening real estate depression, and a surge in foreclosure. ”

Cold Bernanke and some black-faced Paulson, as well as Andy Smith, who smiled casually and drank champagne from the glass, formed a small, eye-catching circle in a corner of the club.

“But its collapse will be costly and its $30.2 billion in assets will be taken over. This will be the largest bank failure in the history of the United States, and the most expensive Federal Savings Insurance Fund is likely to cost $12.7 billion. ”

Paulson's cold face almost roared in a low voice, while Andy just squinted his eyes slightly, shrugged his shoulders, and responded helplessly: "That's a shame! ”

And then I looked at Fed Chairman Bernanke, who had never spoken, “Ben, when will my loan go down? There are very few people like me who are willing to take over a bankrupt bank at this time, and you should support me in completing the plan as soon as possible and consolidating it so that I can help you in the face of a dilemma. ”

Bernanke's face was unnaturally pulled a few times, and his tone was a little chilling: “Andy, you know, once you get into the bidding process, you don't get 100 percent of Mac Bank of India, and a lot of people will be interested in it. ”

“Ha ~” Andy flashed a chill in his eyes, smiling indifferently, looking at Bernanke and Paulson and saying, “It doesn't matter, it's not the only bank in the United States, my investment layout will not lack a puzzle! ”

Paulson and Bernanke couldn't help but stare at Andy, who didn't wait for them to say anything. “By the way, I heard that Fawley Mei and Mortgage Mei were expecting government help because of funding problems? Tsk, what a pathetic couple, maybe we should do something, don't you think? ”

“Mr. Smith, are you a threat?” Paulson had a dark face, almost biting his teeth off, he said.

“Looks like you misunderstood me. How can this be a threat? I just think it's a very good investment opportunity. Don't you see that so many people in this room are looking for opportunities? You know, in the current economic situation, life is difficult. You need to make more money.” Andy looked at Paulson seriously, like an old friend, and revealed his own voice.

Bernanke was a little overwhelmed by Andy's Yin and Yang weird, and some rude coldness said, "Excuse me... ”

“Huh.” Andy drank all the champagne, laughed softly, looked at Bernanke's departure, and turned to Paulson, who looked equally ugly, said: “You see, that John Paulson, who made $3.7 billion last year as an empty stock, was known by Wall Street as the new god of money, and that Bernard Madoff, who is even more powerful at running the $17 billion fund, could still get a rate of return of over 7% even in this economic environment. “

Paulson's eyes squinted, staring dead at Andy, interrupting the words that kept him out of his mind, and said, "What are you trying to say? ”

“This is a feast of joy, and everyone is doing everything they can to make money, so no one can pretend to be the Messiah! ”

Andy grinned and looked at Paulson, “My business is done. It's up to you now. Bank of India let me take over a day early. Perhaps I'll consider handing you another bigger financial time bomb detonator so you can put it in history! ”

Paulson's pupils shrunk so fast that he didn't think the young bastard in front of him would talk nonsense, reach out and grab Andy's arm, “What did you find? ”

“Huh.” Andy had a charming smile on his face, reaching out and pushing Paulson's hand away, "maybe, maybe not, and I waited for your good news, to be honest, Mike Bank of India had already cut off half its employees, and I heard it was going to start selling over 60% of its retail mortgage business. But at the end of the day, remedies cannot save the apple from decay. It's time for the FDIC to take over. ”

Paulson looked at Andy Smith with a faint smile, and he really hated the itch in his teeth, but he knew that, since he said that, there must have been some discovery, described by a time bomb, that would be enough to show the seriousness of the matter, let alone a time bomb, and now the financial markets in the United States are a little overwhelmed.

“Andy, aren't you relieved that we've signed the memorandum? ”

“Oh, I'm still young, inexperienced and timid, let's wait until the dust settles on the bank business, if you're in a hurry, have a good time, I'll excuse you.” Andy put the empty glass on a passing waiter's tray and took it again, lifting the cue slightly with a smile, turning to Ivana, who was chatting with a group of celebrities.