Chapter 7: Wall Street Jumping Off a Building and Going Bankrupt (Ask for Collections and Recommendations)
Jia Lei's box was an empty box, so he easily got it back, and Jia Lei put the box in the trunk of a black General Motors car and made it himself.
"Dear VIP, do you need service? I'm your personal butler Pete!" said the driver who drove the car and Jia Lei.
"I have something to do, and I'll leave the rest of the itinerary to you. Go to the hotel first and then to the Citibank headquarters. Jia Lei said.
****
"I didn't expect Amy to do such a thing, when your uncle said he had a schoolgirl who needed a job, so I asked her to come. Professor Wang said on the phone.
"Ronghua said let me ask you the reason, can you give me the reason why Amy and Xu Song work for me?" Jia Lei asked.
"Amy and Xu Song couldn't get a job after they graduated, so they had to find a job on their own! So Xu Song's grandfather came out at an old age and brought his grandson to look for a job together! Amy was the same. Professor Wang said.
"Is that a serious reason?" Jia Lei waited for a while before asking.
"Of course it's not serious, our country still loves students very much. A small mistake is just a criticism of education and it will pass, if it is really a big mistake, how can they graduate successfully. It's just a kid who went to join in the fun. Professor Wang said.
****
What does everyone think of Wall Street like?
It is probably the financial district with high-rise buildings, glamorous and busy traffic, or countless arrogant and confident white-collar elites walking on the road and in office buildings wearing professional suits and hurrying and hurrying!
Or maybe the bankers in custom dresses who go to high society parties, dinners, and smoke cigars with goblets in their goblets at charity dinners.
Jia Lei also thought so before arriving in country M, but when the car stopped, Jia Lei looked at the white paper, disheveled pedestrians and sad-faced elites flying outside the car window, and felt that he had come to a fake Wall Street.
"Are you sure this is really Wall Street?" Jia Lei suspects that Pitt is going the wrong way.
"Wall Street? No! Of course this is not Wall Street, this is the headquarters of Citibank at 399 Park Avenue in Manhattan, New York! Wall Street is another street not far from here. Pete said.
"But aren't the bankers all on Wall Street?" Jia Lei asked suspiciously, and every time everyone mentioned these people, they said that they were Wall Street bankers.
"It's okay if you want to say that, because foreigners tend to confuse Wall Street with the Wall Street bankers. Even ordinary people in our own country often confuse the concept!" said Pete.
"Wall Street is geographically located on the Broadway neighborhood in southern Manhattan, New York, where bankers did work before the terrorist attacks decades ago, so everyone calls bankers Wall Street bankers. But most of us have moved away from Wall Street now!" said Pete, and Jia Lei felt inexplicably familiar when he heard this!
Is there a precedent for a 911 plane to hit a building?
"What happened on Wall Street, and why did many banks move away?" Jia Lei asked curiously, and he was even more curious about what kind of terrorist attacks had occurred.
"On September 16, 1920, a bomb exploded in front of the **** headquarters at 23 Wall Street, killing 38 people and injuring more than 300! If you want to see Wall Street, I can show you there when you're done!" Pete said.
"I want to go and see it, and I want to take a picture with the bronze bull on Wall Street!" Mr. Jia said.
"You know that the cow, the bronze bull, was a gift from a mad artist to Wall Street last December, but he was moved to a nearby park meadow as an illegal building without permission from the city. Pete said, Jia Lei suddenly broke out in a cold sweat!
"Damn! Why can't I control my mouth, dare to say anything, if I come to ask Tongniu a year in advance, I have to show my stuffing. Jia Lei said in his heart.
One of the most recognizable icons of Wall Street
A bull sculpted by Arturo Di Modica.
In December 1989, Modica placed the sculpture as public art in front of the New York Stock Exchange and was moved to Boling Green Park near Wall Street.
"What's going on over there?" Jia Lei asked when he got out of the car and walked with Pete to the Citibank building, and when he saw the cordon on the side of the road and the blood on the ground.
"It's okay! Let's go. Pete rarely didn't answer his question, but pulled him away.
"Oh, Pete, Orr has gone to God! What a misfortune! He just jumped off that building two hours ago. At this time, a passing gentleman told Pete sadly.
"Sonny, please mourn! I'm sad about this kind of thing, but you have to cheer up and don't follow him, at least we still have a job to do and a salary to pay! Pete comforted Sonny.
"But I don't know how long I'll be paid! The Federal Reserve has already come to the door, and if we can't find any new investors, our banks will fail! From '87 to the present, more than 200 banks in country M have failed, and more than 1,000 banks are on the verge of bankruptcy. It's our turn next!" Sonny said in frustration, and Jia Lei glanced at the tall and mighty Citibank building in disbelief when he heard this.
"Sonny, don't say this in front of the client!" Pete hurriedly stopped him, and then Pete glanced nervously at Jia Lei.
When he came to pick up customers, he specially explained that this is a big customer with at least $20 million in cash!
Absolutely! Absolutely!
"Oh! I'm sorry I don't know! Sonny immediately apologized politely to Jia Lei, and Jia Lei smiled and shook his hand at him to show that he didn't care.
I don't care?! Jia Lei has already run 10,000 grass and mud horses in his heart!
Citibank is going to go bankrupt! Then they have to deposit money in their own bank!
Jia Lei felt that there was a huge pit waiting for him in front of him!
****
There is only one way to describe Citibank!
Pioneer of the times!
Citibank has always been at the forefront of the times, leading the development direction of the banking industry.
Traveler's checks were invented by Citibank!
Touchscreen ATMs were also the first to be used by Citibank!
Citibank was also the first bank to launch online banking!
Citibank, which has always been a pioneer in terms of business capabilities, has maintained its leading role in the financial crisis of the banking industry.
It is said that the subprime mortgage crisis of 2008 was also caused by Citibank!
After Citibank, a bull bank, defeated two competitors (Lehman and Chase) in a row in the subprime mortgage crisis, it actually relied on its position as the benchmark of the subprime mortgage crisis to obtain 345 billion life-saving money and up to 306 billion related debt guarantees in the hands of the Federal Reserve, the Ministry of Finance and the Federal Department of Insurance, and took this opportunity to hug the thigh of the Ministry of Finance of country M and become the top international investment bank.
So in the wave of the largest banking collapse in the United States around 1990, how could Citibank, which has always been at the forefront of the banking industry, not be there?
****
And Citibank's meticulous care of Jia Lei is entirely because of the cash in Jia Lei's hand of up to 200 million US dollars.
If Citibank fails to raise its reserve requirement ratio within a few months, then the Fed will declare Citibank bankrupt!
****
In the late '80s and early '90s, 1,617 banking institutions in the United States failed or had to receive financial bailouts, accounting for 10% of the total number of banking institutions. Another 1,300 savings and loan associations (S&Ls) have collapsed, causing serious social problems.