American Fortune Life

The FDIC, a federal deposit-insurance company of the United States Government, has always had two basic objectives in disposing of bankrupt banks: to convince depositors and lenders of the robustness of the banking system and to minimize the cost of insurance funds managed by FDIC.

Second, regulators will “autopsy” failed financial institutions and make their assets and debts publicly available on the internal website, where other banks and interested investors can compete. FDIC selects who wins the bid based on an objective criterion it calls the "least costly” for the insurance fund.

After the publication of the article "Blatant Roadblocking Robbery Continues", it naturally attracted the attention of other media. After all, the article involved bankruptcy acquisitions of multiple banks, and it was not against the Bank of Intake. Correspondingly, the media did not have too many concerns, but the FDIC was unlucky, and the various bankruptcy bank acquisitions were very arrogant, and the question mark of whether insider transactions appeared in various media.

The FDIC Public Information Officer had to come forward and affirm the FDIC standard for the treatment of bankrupt banks, "99.9% of the time, this is an orderly process. ”

Watching FDIC Public Information Officers on TV confront journalists with the problem of drilling, some tired of coping with the images, he had to smile and shake his head, although the bidding process was not so “orderly” in the case of Bank of India Mike. He should be worried that it shouldn't be easy to laugh, but at this feast of annexing bankrupt banks, his Andy Smith's eating pictures are still pretty, like MG Chase, Goldman Sachs, these companies, they're just crazy, the sky collapses, these tall ones, and he's not worried at all.

By the end of July, depositors had withdrawn nearly 8 per cent of total deposits since the liquidity crisis at Mac Bank of India in June 2008. FDIC later took over the Bank of Mac, India, and soon began to look for it. Mainly because Mike Bank of India not only sells a large number of subprime housing loans, but also provides a large number of similar housing loans to Fangli Mei, Fangli Mei, which issued securitized mortgage loans at a straight-line fall in price, and if they do not find a home, the FDIC will lose money.

At that time, Andy Smith appeared, bidding $1.5 billion and valuing Bank of India's assets at $13.9 billion in loans less deposits offered an acquisition offer. Definitely a ‘big help’ to the FDIC!

Also ‘amicably facilitated' by the Federal Reserve and Treasury Ministers, FDIC agreed to the Andy side's takeover proposal, agreed to hold more problematic assets, and agreed to sign a risk-sharing agreement.

Under the agreement, FDIC would bear 95 per cent of the total loss of the Bank of India's loan portfolio once it exceeded 30 per cent.

Faced with media doubts, former FDIC Chairman William Isaac expressed frustration and indignation, "There was no fixed price at the time, the financial markets had stopped, people didn't want to buy anything, and FDIC had to sign a risk-sharing agreement, which does not change the fact that the buyer assumed significant and significant risks. And now someone's writing about it, and I want to ask them what they were doing!

We are also more inclined to sell Mac Bank of India to a bank than to private individuals like Andy Smith. In 2008, however, all large banks were unable to protect themselves. Who else would take over a mess?

To be fair, buying Mac Bank of India was not the right strategy for many banks at the time.

As for the loss sharing agreement. FDIC has sent a paper statement response this morning, and FDIC has never paid INTERNATIONAL BANK any loss sharing compensation! The charges against the two financial blogs were based on an erroneous interpretation of the Loss Sharing Agreement... ”

“I can say very responsibly that as of today, Incotec has not received any FDIC co-payment for any loss of Bank of India Mac assets! ”

On TV, Stephen Nubbie, CEO of Infineum Bank, faced the journalists' crowd surrounding him with a faint expression, under the guard of the bodyguards, said vigorously.

“Ha ha...” Andy shook his head in front of the TV and threw up: “Nima, I almost believed you! These guys are really strong for survival. ”

Wearing a long pink strappy pajamas dress, he held on to his big belly. If a hidden and amazing career line appeared, he wandered to the sofa and said with a smile: “You are so happy, I don't know, it really makes people think it has nothing to do with you. ”

“Seriously, I really can't stand Stephen Nurby, though this guy is vain and luxurious, but he does have the ability, and he's ruthless enough to characterize the banker's face to let him take the helm of Intai Bank, and he's a good candidate.” Andy reached over and held Ivana's arm and slowly sat on the couch.

“Then you give him a chance, after all, to run the assets of your company, and you don't hesitate to throw him out as a shield, which inevitably shadows other professional managers.” Ivana suggested.

Andy smiled lightly and took Ivana into her arms and kissed her on the forehead and said: "Look at him. If he can turn the disadvantage around or get through it safely after attracting all the firepower, I don't mind continuing to hire him. If, screwed up, I can only say I'm sorry, there is a saying in Heaven Dynasty called Dead Friends Without Death, which means to say. ”

”Giggle...” When I heard the explanation, Ivana laughed and the branches trembled, and there was a murderous reveal, and she reached down Andy's nose, “You're so insidious, who'd have thought you'd dig the pit so deep? ”

“This is not the pit I dug, it was all Al's idea, so say, the most correct thing I did was to build a top-notch think tank sooner rather than later, and it's worth millions of dollars a year.” Andy picked out his eyebrows with pride and pulled them back, causing Ivana to be a little delicate.

Ivana was also envious of her man's already prestigious think tank, and was very impressed with Andy's big pen. After all, not everyone would have to spend a fortune forming a think-tank company to provide personal services.

“By the way, darling, when will your invited guests arrive? ”

“It's supposed to be noon, and I need you to prepare your hostess for the reception.” Andy looked at the time and smiled at Ivana.

“Oh, don't worry, Hawaiian dinner, I'm sure the guests will love it, I look forward to meeting with Li Fuzhen, the eldest daughter of the Four-Star Group, I've heard some information about her before, I remember the suicide of the Four-Star Group heiress in New York four years ago, the family resentment of the Four-Star Group is like a novel.” Ivana's eyes twinkled and said.

Andy smiled and caressed her arm gently, softly said: “Li Fuzheng is a professional strong woman like you, this time in Jeju Island casino hotel project cooperation, with the participation of local forces, can operate better, this time invited also the daughter of aomen gambling king, she is also a very influential professional strong woman, I believe you will have a common language, by the way, Li Fuzheng seems to be divorced, be careful. ”

Ivana glanced at Andy and said, “I've read about the guests, don't worry, it won't be a problem, but there were two very influential women in Asia all of a sudden, and they were really looking forward to the next meeting. ”

Andy looked at Ivana's excitement, smiled and shook her head, but thinking about Li Fuzheng, his inner flame couldn't help but expand again, he really missed her taste, although the two of them had already agreed, but because of Li's return in Junrong, she had not been able to make it, and this change of power made Li Fuzhen fully understand the degree of bias of her father Li Jianxi, even if she was more kind and obedient, could not change the reality of her unworthy four-star ruly throne.

Plus her wolf-like brother Lee Jae-jung, she didn't dare to leave Korea easily, worried that he would do the cauldron bottom draw again and calculate her assets, so the ‘date’ between the two dragged on and on until this Hawaiian party.