Chapter 141: China's Savior (Part II)
"It's 1 p.m. ET on November 21, and we're right in front of the Federal Reserve Bank of Brighton, and today's most important financial conference in Massachusetts is taking place in the bank building behind me, with all of Brighton's top financial people, including Governor Edward and the CEO of Brighton, discussing issues about Brooke Investments, which has been most affected by the subprime mortgage crisis. ”
"And just now, there is important news from the Federal Reserve Bank of Brighton, the financial conference held there has ended, and all the important people participating in the meeting will soon come out for interviews, which is undoubtedly the most exciting moment, because he will determine the future financial situation in Brighton Massachusetts and the entire New England region!"
With the excited tones of reporters at the door of the Federal Reserve Bank of Brighton, the bank building suddenly opened its doors, and Governor Edward and the CEO of Brighton Bank and other top financial figures walked out of the building. Brooke was also in the crowd, but he was at the back of the line.
All the reporters had been waiting for this moment for a long time, so when they walked out the door, they swarmed like flies that smelled. One by one, they held the camera and kept shooting, or stuffed the microphone into their mouths like a meat Ganoderma lucidum, and all kinds of questions sounded like a flock of ducks calling.
"Did the meeting come to fruition? Which bank ended up helping Brooke Investments? What role did the state government play in it? Was it just a mediator between it, or did it provide financial guarantees for Brooke Investments? Is the state government doing this because of Brooke's status as a senior senator, and is it not an alternative protection of power or abuse of power for personal gain, and what impact will it have on the future subprime mortgage crisis?"
In the face of these head-wollen questions, Governor Edward raised his hand to signal everyone to be quiet, and then he said: "Please don't worry, ask questions one by one, and we will tell you the truth within the scope of allowability." ”
At this point, Edward paused for a moment before he continued: "First of all, on the issue of the state treasury guaranteeing the investment in Brooke Investments, I can tell you very responsibly that this is impossible, because every penny in the state treasury is taxpayers' money, and this money is to be used where it is more needed, not to pay for financial investors! This is the promise I made to all my supporters at the beginning of my gubernatorial campaign, and now is the time for me to make good on that promise!"
After Edward, the CEO of Brighton Bank, as a representative of the bankers, also said: "As representatives of the bank, we also carefully assessed the current situation of Brooke Investments and the current market, and found that for the time being, Brooke Investments' net worth is simply not enough to repay his debts. In other words, a dollar of Bruker Investments' debt is not as simple as a hundred cents, and more importantly, Bruker Investments' debt will trigger a credit default swap. ”
"I have to admit that these are very serious problems, and they are real problems that no bank or other financial institution can avoid. So our final decision is...... Withdraw from the operation to save Brooke Investments. ”
The decision made by the CEO of Brighton Bank caused an uproar at the scene like a bombshell.
"The fact that both the Massachusetts state government and the Bank of Brighton have withdrawn from the rescue of Brooke Investments means that everyone is going to give up? Is it a lesson for all subprime lenders to let the subprime mortgage crisis unfold? Is this a conspiracy of the banks and the government?"
The reporters asked excitedly, but Edward and the other bank officials did not continue to answer any questions, and they all left one by one under the escort of the bodyguards.
The reporters didn't chase Edward away, they all left in a car, and they couldn't catch up with their two legs alone, but more importantly, Brooke, the other central figure, hadn't left yet, so they quickly turned their attention to him again.
"Senator Brooke, I remember you promised that your investment company would never go bankrupt, and that the government and financial institutions would never give up, so why did they all unanimously make the decision to withdraw and save them today? Is it because your power deal with them has failed, or is it another manifestation of the opposition between the parliament and the state government? Have you been abandoned by the existing financial system?"
Listening to the reporter's question in full surround sound, Brooke smiled wryly and said, "I know you all want a big news, so I'll give you a big news." It's true that both the state government and the banks have made an exit bailout, but that doesn't mean that my investment company is finished, because there are already companies that have agreed to buy equity in the company, and the funds are expected to be available within a week. ”
This news once again shocked all the reporters, and many people couldn't help but shout about the incredible miracle, but what made these reporters even more curious was which company had the financial resources and courage to take over such a hot potato at a time when the state government and banking groups were retreating.
Faced with the curiosity of all the reporters, Brooke said a name with a puzzled face: "Wharton Insurance Company." ”
This name made everyone stunned, because this name seems to be familiar to everyone, but if you really think about it, you can't remember anything.
After a long while, someone shouted: "Isn't the Wharton Insurance Company a fraudulent company that was protested against before?" Isn't this company already under investigation by the FBI, and all his funds have been frozen, and even the company has been smashed? How can it still help Brooke Investment Company and prevent him from becoming the first enterprise to go bankrupt in the subprime mortgage crisis? It is simply unbelievable that the subprime mortgage crisis in Brighton ended up being a savior from China!"
Listening to the surprises around him, Brooke's heart was broken, because this was the time when he wanted to die the most.
The reason is very simple, Zhou Ming, as the culprit who sent his son to prison, he hated to throw the other party into the Atlantic Ocean to feed the fish, and even the previous protest against the Wharton Insurance Company and even forced Zhou Ming out of Massachusetts, he instigated Robert behind his back.
But now, he has to accept Zhou Ming's handouts and sell the company that he has invested almost his life's financial resources in to him, what is this called?
Brooke looked up at the sky at an angle of 45° upwards, because he felt that this was the only way to keep the tears from flowing.
However, in the sky, the scene that happened at the Federal Reserve Bank of Brighton just now seemed to be replayed in front of his eyes again.
Just an hour ago, Brooke was in a meeting with the CEOs of various banks in the conference room on the third floor of the Federal Reserve Bank of Brighton, where they asked him professionally about all the company's assets, including finances and debts, and asked him to explain the company's plans for the next stage, how to get the company through the subprime mortgage crisis, and so on.
Brooke pouted at this, he slandered in his heart that all of these people should go to the Oscars, knowing that they were just going through the motions here, but they were all so formal, even if they were all CEOs of various banks, they could still only be decided by others. As for now, there are no reporters here anyway, so it's no problem for everyone to open a table of gambling here to kill time.
But since these people asked, he had no choice but to take out the documents he brought and answer: "These are my company's financial statements, and judging from the documents, my company's account information is very healthy." As for the company's next stage of planning, we will try our best to monetize our CDS contracts to ensure that the company can gradually return to normal operation......"
Before Brooke could finish his words, the door to the conference room suddenly opened, and then several familiar faces finally arrived, which were Christo, the patriarch of the Addams family, Edward, the governor of the Kendini family, Lawrence, the president of Harvard University, and Louie, the patriarch of the Lowell family, all of whom were the leaders of the Brighton consortium.
However, what stunned Brooke was that there was actually a fifth person behind these people, that was Zhou Ming, what was going on?
Could it be that Zhou Ming is also an important figure in the Brighton consortium?
This doubt arose in Brooke's mind and was immediately dispelled by himself, because he was a native of Brighton, and he had been following the Addams family for several years, and he was very familiar with the Brighton consortium, and he had never heard of any Chinese family!
But since it wasn't, then why did Zhou Ming appear here? Could it be that he was captured? But why didn't he have handcuffs and leg irons on his hands? And what explanation did the soldier king with superior military strength behind him explain?
While Brooke was puzzled, Christo came to the table and said, "Gentlemen, I'm sorry to disturb your meeting, but I'm sure what I'm going to say will have an unpredictable effect on you. I know you're discussing Brooke Investments, and I know that reluctantly asking you for help isn't the right thing to do, so I discussed it with Mr. Governor first. ”
Christo did not sell the answer directly: "Our result is that Mr. Governor does not support the state treasury guarantee, and he cannot convince either the parliament or himself." ”
This answer made Brooke stunned at the time, and he was shouting in his heart at the moment: Wait a minute, of course it's not my husband who has become popular? But what does this decision mean? Although the guarantee of the state treasury is not so important, it is at least an explanation, and without this explanation now, doesn't it convey the meaning of giving up to these bankers?
Sure enough, when Christo had finished speaking, all the bankers said to me: "If we don't have financial guarantees, I'm afraid it will be difficult for us to make the decision to continue to bail out, because we can't convince our investors, and the board of directors won't agree." ”
Faced with such a situation, Christo was not in a hurry, and he continued: "Brooke, don't worry, the abandonment of these banks does not mean that you have no chance, because I have already helped you find a capital injection." ”
Christo said and glanced behind him before saying, "It's Mr. Zhou Ming's Wharton Insurance Company, and he is willing to fund the purchase of your company's equity and assume all your debts." ”
Following Christo's words, Zhou Ming stepped forward step by step and said to him with a smile: "Hello Councilor Brooke, I know that you don't like me, and even hate me, but I am still honored to be the savior of Brooke Investment, and I hope we can cooperate happily on this issue." ”
Listening to Zhou Ming's words, Brooke was messy at that time: Happy cooperation? How can this be pleasant? This is the most funny story in the world when a weasel is a bridesmaid for a chicken!