As the news of the $15 billion non-performing assets of the Great Wood Bank was made public, the entire US financial circles were in an uproar, knowing that it was $15 billion! The Great Wood Bank was not a giant bank like Morgan and Citigroup, and as an ordinary large bank in the central region, the total amount of assets had already reached 5 percent of the total assets of the Great Wood Bank itself. Pen & Fun & Pavilion www.biquge.info

Generally speaking, if the non-performing assets of a commercial bank exceed two percentage points of the total assets of the bank itself, it is already terrifying, because the non-performing assets are already a default loss in the banking system, and they are almost worthless garbage, or it will be more direct if they are through loans.

Loans are one of the most important means of profit for commercial banks, and loans are not likely to lend out all the total assets of the bank, according to this calculation method, the 15 billion non-performing assets according to the loan rate, have exceeded 10%, that is to say, every ten loans of the Big Wood Bank will have a total loss of principal and interest, how can such an investment bank guarantee profits?

So on the afternoon of the day when the 15 billion non-performing assets were made public, a consortium said that it would withdraw from Big Wood Bank.

Affected by this news, the stock of Big Wood Bank fell by two percentage points in the last half hour of the afternoon, which may not sound like a lot of fall, but anyone with a discerning eye can see that if Big Wood Bank cannot bring enough good news to Big Wood Bank in the 17 hours after the close of trading and the opening of the next day, then he will definitely face a bigger decline the next day.

But what kind of news can eliminate the negative impact of these 15 billion non-performing assets? I am afraid that even the Morgan family cannot think of it.

The Big Wood family had not yet thought of a countermeasure, and Zhou Ming's other arrangement also began, and on this morning, representatives of a legal group of 150 different companies in San Francisco, also witnessed by the media, filed a lawsuit with the San Francisco District Court, and they wanted to jointly sue Ruibo Insurance Company and Hansen Trust Company for insider trading.

So at the door of the courthouse, the representatives of the legal team of San Francisco enterprises talked eloquently in front of countless reporters: "Rogue companies like Ruibo Insurance Company and Hansen Trust Company must be prosecuted because they undermine the fairness of the transaction, and it is a blasphemy against the law, and in order to pursue justice, we must make such companies pay the price they should bear for their actions!"

The representative said loudly, and finally waved his fists, he paused and continued: "Our lawyer team is very confident in this lawsuit, because we have the most critical evidence in this case, he is enough to prove the guilt of Ruibo Insurance Company and Hansen Trust Company, but due to the secrecy of the evidence, we do not plan to make it public before the judicial investigation." ”

It was also with the prosecution of the case that the FBI agents in Gen Michian had to come to the door, and they took the managers of Ruibo Insurance Company and Hansen Trust Company to investigate their insider trading practices.

In fact, this was just the reaction of the Michichi FBI in the face of public opinion, but the act itself reached the media, and it suddenly became even more explosive news.

That evening, the Chicago Blockbuster News Program made a special feature on the situation.

In the program, a special commentator on the TV station bluntly said: "Maybe the Big Wood family is a special existence in Itley, but the FBI is directly under the federal Department of Justice and is loyal to the law, so from the FBI's actions, it can be shown that Ruibo Insurance Company and Hansen Trust Company are guilty, so maybe the lawsuit they have to face, in addition to the corporate class action lawsuit in San Francisco, will also face the prosecution of the Michichi State Attorney's Office." ”

As he spoke, he flipped through his notebook and continued: "The shareholders of Ruibo Insurance Company and Hansen Trust Company are Big Wood Bank, so it is not difficult for us to guess that this is a left hook made by the Tang family, and the Big Wood family does not have much defense against this heavy uppercut, so I think they will pay a very heavy price for their negligence or arrogance, and I think this price is not just the front teeth." ”

Looking at the program on TV, Tang Ran said excitedly on the phone: "This is really the best news! Brother Ming, I didn't expect the FBI in Michichi to cooperate with us so much, as well as those investors in the stock market, as well as the media in New York and Chicago, they are all on our side!"

As things developed, Zhou Ming himself breathed a sigh of relief, and he joked with Tang Ran: "So the goddess of fate is still very fair, she has been partial to the Great Wood family for so long, and it should always be our turn." ”

Tang Ran has his own opinions on this: "If you want me to see the goddess of fate, and look at the Great Wood family, they are muddy and can't get on the wall!"

Zhou Ming scratched his head, it seems that this is indeed the case, the previous alliance between the Big Wood family and the Morgan family has almost taken up all the resources, and not only is every move on their side under their noses, but even their own ideas can't escape their calculations, they can know what situation they have at the first time, this situation can be said to be so inferior that it can no longer be disadvantaged, but now that this situation is obviously about to turn over, no wonder Tang Ran despises that side.

However, Zhou Ming pretended to be angry and said: "But if you want to say this, I won't be happy, why are they muddy? It's obviously our own struggle, right?"

After Zhou Ming said this, Tang Ran suddenly reacted: "That's right, it's that Brother Ming is too smart, no matter how much the Great Wood Family has expanded their advantages, they will never be Brother Ming's opponent!"

Zhou Ming scolded Tang Ran with a smile, and then said: "By the way, Sister Muqing, now the Morgan family and the Big Wood family have not fallen out, they are still allies, and now that we are retaliating against the Big Wood family, maybe the Morgan family will not be able to react at the first time, but the day after tomorrow, they will definitely react to help the Big Wood family deal with us." ”

Lin Muqing nodded and said, "Then Zhou Ming, do you mean that we want to ignore him, pretend that he and the Morgan family are actually very tacit allies, and only target the Big Wood family?"

Zhou Ming shook his head and said, "If this is a bit of a taste of three hundred taels of silver here, I think we should have a better way." ”

......

It was also on this evening that George returned to his study very tired, and he dialed the number of Jack, the head of Morgan.

Soon the phone was answered, and Jack's voice came over the phone: "Dear George, I feel very sympathetic and sorry for what the Great Wood family has suffered, I didn't expect their revenge to come so quickly and so ferociously, it seems that they are about to lose their minds"

"It would be a great joy if they were going to lose their minds, because then I would be able to catch their eggs!" said George, viciously, and then added, "but it is clear that their minds are more than we expected, at least for now, the situation is very troublesome." ”

George said, "But Jack, I'm not here to discuss their Tang family's impulses. ”

Jack said, "Dear George, please rest assured, of course I understand my duty, but because today's events happened in such a hurry, I was not prepared at all, but from tomorrow onwards, the Morgan family will fight side by side with the Great Wood family!"

"I'd love to believe you, Mr. Jack. George said.

So the next day, Kerr Venture Asset Management, which is wholly owned by JPMorgan Trust, announced that it would spend $15 billion to buy all of Big Wood's non-performing assets.

This news undoubtedly gave Big Wood Bank a great lease of life, because anyone with brains understands that the so-called non-performing assets of banks are actually assets that cannot be cashed out, so banks generally package and sell non-performing assets at a very low price.

Of course, there may be times when some companies that specialize in dealing with non-performing assets will artificially raise the price in order to preemptively acquire them, but no matter what, it is impossible to buy them at the original price, because it is impossible to cash in.

But for this transaction, no one said that the Morgan family lost money, because anyone with a discerning eye can see that this is a sign that the Morgan family is supporting the Big Wood family behind the scenes.

In addition to sending money directly to the Big Wood family to continue their lives, several investment banks controlled by the Morgan family are also following Big Wood Bank to sell off the shares of Tang Bank, and vigorously suppress some companies controlled by Tang Bank, which makes the shares of Tang Bank continue to plummet.

Originally, at one o'clock in the afternoon, the SEC decided to temporarily resume trading in Chinabank, but then it began to plummet again in the next half hour, this time the decline reached a terrifying height of 8%, for which the SEC had to stop trading in Chinabank's shares again.

"Damn the Morgan family, I didn't expect them to really get involved, not only gave money, but also targeted us everywhere, I really hate death!" Tang Ran said very indignantly on the phone, "If it weren't for Brother Ming, you said don't act rashly, I want to deal with them together!"

"If you want to take revenge on the Morgan family, just do it, I don't want you to sulk yourself. Zhou Ming said with a smile.

Tang Ran hurriedly shook his head when he heard Zhou Ming say this: "Then how can I do it?" Brother Ming, I'm just a little angry, I actually don't want to take revenge on the Morgan family so much, after all, we are already struggling to face the Big Wood family now, if we add another Morgan ......"

Zhou Ming interrupted Tang Ran and said: "I didn't want to force the Morgan family to the opposite side of us, I meant to take revenge on the Morgan family, but it was not an eye for an eye and a tooth for a tooth like dealing with the Big Wood family, but in a more gentle way." ”

"Brother Ming, I'm confused about what you said, isn't it revenge?, how can there be a gentle way?" Tang Ran said curiously.

Lin Muqing next to him reacted and said: "Zhou Ming, do you mean that we should avoid the important when facing the Morgan family? Although it is to take revenge on them, it is not important to deal with where, but to pick up some inconsequential places to retaliate, or it is just a thunder and rain, it seems that our revenge on the Morgan family is huge, but in fact, it has not caused them any damage, is that so?"

"That's right, we just want to be so gentle with Morgan!" Zhou Ming said.