$10 billion!

The hand touching his chin couldn't help but stagnate slightly, Andy's half-squinted eyes flashed with brilliance, and his gaze looked at the chief adviser of the think tank who still had an indifferent expression, and he couldn't help but hesitate in his heart.

"Ahem, let's put this matter aside for the time being, let's complete the acquisition of Indymac Federal Bank first... ”

Even if Andy covets this part of the funds, he will not give a definite answer at present, this kind of thing is a bit uncharacterful, but fortunately, he doesn't need to do it himself, but it will also attract some infamy.

Because the FDIC agreed to hold final negotiations in the afternoon to discuss the final details, Andy's little Palace of Versailles also became extremely busy for the first time, after all, it was to be used as a temporary office for more than 50 subordinates.

After the meeting, Andy took Alvitatre to his extravagant study, sat down in a chair, lit a cigar himself, and frowned a little depressedly.

"Al, you've got a big problem for me... ”

Alvitatre smiled faintly, picked up the coffee and tasted it slowly, not caring at all about the young boss's entanglement.

"This will chill the hearts of many Americans!" said Andy, who was shrouded in cigar smoke, with a look of concern on his serious face.

"Controlling the quantity and creating a record that is one of the worst, if not the worst, is no way to do it, the bank can only use this method to reduce losses for those who cannot repay the loan, and you can't always pay for it by the boss! The spirit of the contract must be implemented, everyone is not a child, when the house price rises, when they make money, don't they not pay the bank an extra dollar!

Boss, your mercy and sympathy are in the wrong place, this is a business practice, it is business, it has nothing to do with morality!"

The expression on Alvitatre's face suddenly became serious, and he analyzed it with great calmness.

"Hehe... Andy shook his head and smiled, but he knew that Al's words were correct, indeed, he couldn't pay back the loan and let the bank lose money.

"Alright, I'll take care of this matter to you!"

Andy eventually decided to deal with the matter according to American practice, even though he knew that Al's deeper meaning was to actively create foreclosures, have the court seize the property, and then sell it at a low price, triggering the FDIC's loss-sharing agreement to make up for the loss from the FDIC.

In the afternoon, in Pasadena, Los Angeles, in front of the lobby of the headquarters of the Federal Bank of Indymac, Reich, the secretary of the US Savings Administration, the head of the Federal Deposit Insurance Corporation of the United States, and more than a dozen bank executives looked solemnly at the huge convoy of more than a dozen SUVs and a black Rolls-Royce coming from a distance.

"They're coming!"

"Bang bang bang... ”

The convoy lined up in the square of the bank's headquarters, all the doors were opened, and a group of Wall Street elites in straight suits and dignified faces walked quickly towards the black Rolls-Royce in the middle.

The tall and strong Kenny opened the car door, and Andy, who was also dressed in a smart suit, stepped out of the car, stood in front of the car with a light smile, looked around, looked at the headquarters of the Federal Bank of IndyMac and the group of people who were walking down the steps from the front of the gate, the corners of his mouth were slightly upturned, and he took the lead to greet him.

Andy's huge team behind him made passers-by around Indymac Federal Bank, as well as employees and customers in the bank lobby, look at it curiously, and everyone knew that something big was about to happen.

"Welcome, Mr. Smith, I'm Reich, Secretary of the U.S. Savings Authority, and this is the 。。。。。。 ”

"Hello... ”

Andy shook hands with the main leaders of this negotiation with a smile, this is also the first time Andy has met with them, and it is also the last key negotiation to be conducted, in fact, there is nothing to talk about, mainly to confirm some details of the agreement, such as the bank's employee problems, and some things that need to be collaborated.

After all, in the acquisition of Indymac Bank, the bidding process was directly skipped, and it was not so "orderly", but this is also a matter of no way, and now at this time period, only Andy Smith has the ability, funds and willingness to be the receiver, and the FDIC is eager to hand over the bank immediately.

A group of seventy or eighty people walked into the bank headquarters building, attracting a lot of attention, seeing Andy Smith and the people around him talking and laughing, and the customers who were originally a little worried about the problems of the Indy Mack Federal Bank couldn't help but think of a possibility, after all, the FDIC had publicly stated early in the morning that it would find a buyer for the bank.

"Oh my God, Andy Smith is buying Indymac Federal Bank... ”

。。。。。。

Looking at the back of Andy and his entourage disappearing, everyone in the entire bank hall fell into discussion, and the employees of the bank were also a little shocked, and after the shock, they were worried, after all, no one knew whether they would be laid off if they had a new boss.

You must know that 3,800 employees have been laid off before, although there are not many real bank employees, most of them are loans issued by the Ministry of Housing and Construction, but who can guarantee that the new boss will not cut them in order to reduce costs.

in the conference room.

“。。。 There will be no layoffs for the time being, after all, before the collapse, it has been almost laid off, and the regulators have also conducted a perfect "autopsy" on it, I believe that the current composition of the staff is in the most perfect state, I have no opinion on this!"

Andy's words made everyone in the conference room show a strange expression, and the Secretary of the U.S. Savings Management Bureau, Reich, shook his head slightly and smiled bitterly.

"Mr. Smith, if there are no objections, we can sign the agreement... "The head of the FDIC wants to throw away this hot potato sooner rather than later, and to be honest, taking over the Indy Mack Federal Bank is not good for the FDIC at all, not only to keep cashing out deposit compensation, but also to face the dilemma of being constantly withdrawn a lot of cash every day.

"The $1.5 billion purchase price, plus a $1.3 billion capital injection, right?" Andy smiled slightly, looked at the several negotiators opposite, and confirmed again.

"No, no, Mr. Smith, I'm afraid you're mistaken, 1.3 billion is the loss sharing agreement bond, which needs to be paid to our FDIC, the bank injects funds, and that's your funds to support the bank's operations. ”

Looking at the anxious appearance of the head of the FDIC, Andy couldn't help but say apologetically: "I'm sorry, maybe I misunderstood, Al, is that so?"

Everyone in the audience couldn't help but complain in their hearts, Nima, it's about more than a billion dollars, and a fool will believe that you misunderstood.

Reich, the secretary of the U.S. Savings Administration, was quite speechless, and even a little helpless looked at Andy Smith, who was still teasing everyone, knowing that the young man in front of him had gotten ten billion dollars from the Federal Reserve to buy the Indymac Federal Bank.

But no one expected that this matter was a big deal of tens of billions, and it would become an acquisition of less than 3 billion after three talks, Nima, which was simply unexpected by many people.

But this is also something that cannot be helped, and $23.5 billion of Indymac's main assets are commercial loans, mortgage loans and MBS. Many of these are highly toxic assets, and almost many of them cannot be recovered, otherwise how can it be called a subprime mortgage crisis, if this part of the assets is really valued in the purchase price, I believe that this bank will not be able to sell it in a lifetime.

"Mr. Smith, we need to close the deal as soon as possible to boost the market, after all, the US banking industry is facing a very difficult situation, the run cannot let it continue to spread, this trading conditions, I believe it is very beneficial to both sides, I believe you are very clear about this!"

Reich, the secretary of the U.S. Savings Administration, who knows the facts, doesn't have the heart to continue to waste time here with Andy Smith picking words, knowing that the FDIC agrees to sign a loss-sharing agreement, which is already the biggest concession, and they are also worried about not making this guarantee, Andy Smith directly picks after learning about its toxic assets and debts.

"Okay, so be it! The agreement can be signed immediately, and I hope you can cooperate with my people to take over the bank's assets and avoid chaos, I don't want chaos again!"

Andy closed the agreement, his expression became serious, to be honest, there was nothing more to say, everything was done in advance by Alvitatl, and even thought of the trick of the loss-sharing agreement, which was completely the talisman that saved him from the worst losses in the next few years, what else was there to hesitate.

And it can also save him more than 7 billion US dollars for the next bank mergers and acquisitions, which is simply so cool!

However, I think Paulson and the Fed will die of depression!