Chapter 995: Turning Hands into Clouds and Hands for Rain

"Robber!"

Paulson's hand holding the phone was a little bloodless because of the force, and he hung up the phone with old Smith, his body trembling slightly, and he gritted his teeth to squeeze a word out of his teeth.

His chief staff Hamilton shook his head helplessly, although he didn't know what conditions Andy Smith proposed, but with his understanding of Andy Smith, he would never let go of the opportunity of this global economic crisis.

Even if you want to trade, it is a very difficult condition to agree to, Hamilton looked at Paulson, who was blushing with anger, and comforted: "Minister, we have long known that he will make excessive demands, his greed is no lower than anyone on this street, or his pursuit of wealth is more persistent than anyone else. ”

"You know what he wants? Haha, he's a bastard, and he wants IndyMac Bank of California in addition to five banks that aren't big or small! ”

"IndyMac Bank of California, which specializes in housing loans, established the National Housing Loan Corporation. . . Oh God!" Hamilton's face changed drastically, and he reached out to cover half of his face, and let out an ugly sigh from the corners of his astringent eyes.

"What?" said Paulson's sneer, stunned by the staff's exaggerated reaction.

"There have always been doubts about IndyMac's financial situation. The bank has lent money to people whose income and assets are unknown, and has resold large amounts of such loans to financial institutions.

This year, the subprime mortgage and housing market crisis has worsened, the delinquency rate of housing loan deferrals has increased, and the absolute assets on IndyMac's books have shrunk severely.

IndyMac has about $32.01 billion in assets, and the bank has about $7 trillion in deposits nationwide, about 37% of which are not protected by federal savings insurance...

Andy Smith must have been eyeing it for a long time, whether we agree to the deal or not, he will let it "heart attack", and in the current panic, those customers who are not protected by insurance will definitely run on it like crazy... “

“。。。。。。 Cold sweat broke out on Paulson's forehead, the corners of his mouth pulled unnaturally, his eyes were full of anxiety, and he grabbed the mobile phone he had just thrown on the table, and was about to dial it out.

"Minister, it's useless! Your call will only help Andy Smith do his job, his people must have shorted this stock as well, the bigger you react now, the faster this bubble will burst, IndyMac's situation must be very serious, as long as the wind blows, it will have a heart attack and sudden death!"

"No, I'm going to let the Federal Deposit Insurance Corporation take over it... With that, Paulson's eyes snapped open, and his hand holding the phone froze in mid-air.

Staff member Hamilton said with a wry smile: "Then there is the calculation of the cost of bankruptcy... The FDIC is going to keep the new bank running as much as possible and start planning to find a buyer for IndyMac, right?"

"Eventually, Andy Smith will most likely be that buyer... Paulson put down his phone, closed his eyes, leaned back in the boss's chair, and muttered a little tired.

"He has cash in his hand, and in this period, no one can resist the youhuo of cash, the flow xing crisis, cash is king!

IndyMac Bank is a bank that is basically 100% invested in mortgage assets, and we are in a terrible mortgage market where the bank has no capital, which is obvious.

Whether we like it or not, IndyMac Bank is finished, it's just a question of how to die, awesome, whether it's Andy Smith, or his think tank, it's just... ”

There was silence in the office.

"Minister, I would like to meet Andy Smith. ”

"Hehe, don't say it's you, I want to see him too, but he's on vacation in the Caribbean, on a 100-meter superyacht that he just delivered... Paulson opened his eyes and said with a self-deprecating smile.

"I'm going to see him! I'd like to talk to him, since he wants to take over the IndyMac Bank mess, he must have a way to deal with the properties that are in the hands of the banks, and I want to know how much he's going to pay for them.

We need his help in the future, one Buffett can't fully restore confidence in the market, what if we add another Andy Smith?"

Paulson was slightly stunned, looked at his staff and said, "You want to really pack and sell it to him?"

"Otherwise, go bankrupt, compensate 50% of the deposits to those users, and completely wipe out the middle-class families in the United States...

Instead of any more options, we sold him the world's top 20 billionaires to stabilize those who were scared to withdraw their money.

Faith is the most precious and valuable at this time!

And Andy Smith can bring confidence to those people, after all, his rise has been accepted by the American people, and they are used to his successes again and again, perhaps, his takeover of IndyMac Bank is the best solution to calm the turmoil... ”

"Okay, I'll make an appointment for you, but you're flying to the Caribbean... Before Paulson could finish his sentence, the phone on the desk rang.

“。。。。。。 ”

A somewhat bitter and helpless Paulson hung up the phone and said to his staff: "MG Chase has changed its mind, nearly three-quarters of Bear Stearns' assets are subprime loans have been found, Jamie Dimon said that no matter what the price, he will not want this part of the assets, and must cancel the transaction."

He also warned that if Bear Stearns went bankrupt, four other investment banks could be implicated. ”

Hearing Paulson's words, the staff showed a sneer on their faces, and said sarcastically: "He wants the government to help solve the problem of mortgage assets, Bear Stearns' high-quality assets are what MG Chase has always coveted, how could they not want it!"

"Even if I knew, these bastards have kidnapped the U.S. financial system, and everyone, and I discussed with Geithner and agreed to MG Chase's proposal that the New York Fed lend MG Chase $30 billion as collateral with investment-grade assets of the same value as Bear Stearns, and the Treasury Department compensates for some of the losses. ”

Hearing Paulson's words, the staff widened their eyes and looked at Paulson in disbelief, with an embarrassed expression of hesitation.

"What's wrong? What are you trying to say?"

"Ahem... The staff lowered his head slightly and coughed lightly with a little wandering eyes, and finally reminded with a wry smile: "Maybe you and Mr. Geithner don't realize it... The Treasury can't compensate the Fed without congressional approval!"

。。。。。。

"Bang!"

"fxxk! these damned, greedy, hellish vampires, cheeky, filthy bugs! Even now, they want to fool us... ”

Paulson felt simply incredulous and began to throw a tantrum out, but anger was useless, Bear Stearns couldn't go bankrupt...