"George, my dear friend, as far as I know you are not short of money, can you tell me what you are borrowing such a sum of money for?

Of course, if this involves confidentiality, you can say no, I'm just curious.

How can a person with billions of dollars in cash and a large amount of cash available in the market at any time suddenly go to a bank to borrow a large amount of money?

You know, when we lend money, we need to be accountable to shareholders and depositors, and we have to go through rigorous audits and assessments. ”

After greeting for a while, Okar saw that George was still talking with him in the clouds and mist, without any anxious look, and his evaluation of George rose another level in his heart.

Not everyone can be so calm in front of him, even the heads of some investment banks on Wall Street will slap him as if they are not on the back when facing him.

After all, investment banks also need support after a lot of use, and once he gets in the way, many people don't say that they have suffered heavy losses, but it's okay to have no gains.

People who hold a lot of money are respected everywhere, and no one knows when to ask for such a person, and it is much better to take precautions or pull relationships in advance than to hold on to Buddha's feet temporarily.

Although there will be a price, the size and method of the cost are fundamentally different.

Now Okar is very interested in George's actions, especially as George himself is a shareholder of Wells Fargo, as long as he needs a stock pledge or asset mortgage, or even a credit limit, it will be a considerable amount, and the interest will be charged according to the lowest interest rate, which is a well-known unspoken rule of the bank's insiders.

But George didn't go to them, but came to New York and found himself, is there something hidden here?

After going through the standard and the things that happened to Xiangjiang, he wouldn't think that George's success was luck like those who didn't come into contact with him.

If it's luck, then the short positions that are still hanging on the Nasdaq and other Internet companies are nothing, and they are billions worth of profits.

"Of course you can, there is nothing to hide about this, there are no secrets on Wall Street, I still know this, even if it is a secret matter, as long as there is a heart, it will soon be investigated very clearly.

I'm going to increase my short positions, and according to my estimates, there will be a day of falling in the market, but there is no way to clearly predict at that point in time.

What I'm doing now is to prepare the ammunition I need in advance, and only when the ammunition is sufficient, can I get the most benefit at that time, otherwise I can only watch you fill your pockets with your eyes open, which is not what I want to see. ”

George just smiled at Okar's words, he didn't believe that Okar didn't know that his money was outside the United States, and he would not easily transfer it back to the United States, after all, once this huge amount of cash was transferred back to the United States, the taxes that needed to be paid would be astronomical.

Turning over enough money to the IRS to buy a small public company is enough for anyone to have a heart attack, and the taxes on the money now in the United States, once cashed out, are enough to make George's position feel heartache.

"Continue to increase your short position?"

When Okar heard George's words, his eyes froze, and his originally smiling face became serious, staring directly at George, trying to see in his eyes whether what he said was true or not.

As a vice president of Citibank, he has many sources, and Citibank also has its own think tank and investment team.

As far as he knew, they unanimously proposed that the bank not make additional investments for the time being, but wait and see, after all, according to the outbreak and end of each crisis, it can be divided into three stages, and now it is only the second stage, the stalemate stage, according to the past law, the quiet period of the stalemate stage is quite long.

Except for some fearless and pure gamblers, investment banks and consortia will focus on stability during this time period.

This stage is notoriously weird, many people who do not believe in evil once wanted to win a splash of wealth, not without a large amount of investment in this stage to gamble, but there are very few people who can succeed, most of them are heavy losses or even no return, and finally come to an end.

The lesson of a lot of blood is there, why does George continue to stick inside.

Was it that he had become a little arrogant after two successes, or had he discovered something after researching.

You must know that George's operation has entered the sight of many bigwigs on Wall Street, shorting alone, without doing any hedging to neutralize it, completely like a gambler rampaging in the market.

But this seemingly reckless, gambling method has created astronomical wealth for him in a very short period of time, although they are jealous, but they also know that they cannot be as unscrupulous as George to carry out a single hedge.

There are countless shareholders and investors behind them, and one accidentally causes a huge amount of losses, and I am afraid that one will not be able to account for the past by resigning.

Stability is the code they have always adhered to, but this code will be completely destroyed in the next few years, and the massive investment in subordinated bonds and toxic bonds will make them pay a heavy price for their other way of madness.

"Well, I'll find a way to convince the board of directors to approve this loan, and hopefully you'll be able to do it again.

It's just that we need collateral for this loan, otherwise I'm not sure I'm going to convince the board of directors to approve this loan.

You know, in their eyes, interests always come first, and protecting their own interests is the top priority, even if Sandy is very optimistic about you and wants to help you, there is no way to force approval without the board of directors, the board of supervisors has the right to dismiss, and the banking committee is not so easy to pass. ”

Although Okar didn't understand George's confidence to increase his chips and continue to expand this gamble, this did not prevent him from supporting George, and the last thing he was afraid of when opening a bank was that others would borrow money, as long as there was enough collateral, as much as he wanted.

It's hard to say how sincere this support is, maybe when George puts his money into the short position and adds leverage, they will absorb chips in the market to bet against him, and it is not necessary for George to lose a lot of money or even go bankrupt.

This is what these conglomerates like to do, and they like to do the most about taking other people's money into their pockets and leaving others speechless.