(.) Lee Kun-hee got out of the troubled case at a cost of $660 million, and he is back in the mountains to continue to take charge of Samsung Group. However, the troubles faced by Lee Kun-hee have not been completely resolved, and Lee Mong-hee's father and son, especially Lee Jae-hyun, are still jumping up and down outside, using some tricks to continue to disgust Lee Kun-hee.

Through the media, Lee Jae-hyun first asked the gunman to comment on the government's pardon for Lee Kun-hee's sentence, pointing out that exchanging donations for sentences is a serious violation of the law in a democratic country. Since Lee Kun-hee has pleaded guilty, he must honestly sit in prison to complete his sentence, instead of being pardoned for a large sum of money like now, so that the dignity of the law is in place? Where is national equality?

However, not long after this voice came out, Lee Jae-hyun received a message from Mr. President, telling him to shut up immediately and not allow such reprimands to appear. Regarding the old pervert Mr. President, although Lee Jae-hyun was extremely dissatisfied in his heart, after all, his arms couldn't twist his thighs, so he had no choice but to stop his remarks in this regard

Since he can't criticize the government, he immediately pointed the finger at Lee Kun-hee himself and the Samsung Group, and pulled a group of people to shout that Lee Kun-hee, as the chairman of the Samsung Group, took the money of the Samsung Group to donate to the government without holding a board of directors and with the consent of all shareholders, which has clearly violated the Company Law and infringed on the interests of many shareholders and shareholders.

In response to Lee Jae-hyun's accusation, Samsung Group immediately responded, saying that the donation of this money is not only a donation, but also an investment by Samsung Group, because in the 214 Winter Olympics project, Samsung Group has obtained government authorization, that is to say, Samsung Group will become one of the members of the organizing committee of this Winter Olympics, according to the definition of commercial investment in the Company Law, Samsung Group is beyond reproach in operation.

Then, Lee Jae-hyun reprimanded and asked, no matter how Lee Kun-hee and the Samsung Group argue, a donation is a donation, and investment is an investment. What's more, no one can guarantee whether South Korea will be able to win the right to host the 214 Winter Olympics, and if it can't, how can Samsung Group ensure that its investment is profitable? From this point of view, Lee Kun-hee and the Samsung Group are clearly quibbling and trying to fool everyone with the intention of stealing the concept.

Subsequently, Samsung Group came up with the cooperation agreement signed with the government for the preparation of the 214 Winter Olympics Organizing Committee, to show that Samsung Group is correct in this regard and does not violate laws and regulations. At the same time, the Samsung Group also reprimanded those who are picky in the eggs, why can't they take a long-term view and look at this issue from the broad level of the country and the nation. Could it be that as a well-known international company with a sense of responsibility, it should be criticized like this for doing something for its own country and nation?

The two sides come and go, and the quarrel is particularly lively. At the same time, Lee Jae-hyun also formally submitted an indictment to the Seoul District Court, demanding that Lee Kun-hee and his son return their father's and son's equity in Samsung Group, dividends, etc. As soon as this matter was known to the outside world, it immediately attracted huge attention, and the whole of South Korea was almost as excited as chicken blood, moving a small bench to happily sit and watch the rich grievances of the Samsung Li family.

At this time, the United States also staged a bigger drama than South Korea, because it attracted the attention of almost the whole world and even brought great changes to the world economy in the future.

Back last year, the Federal Reserve raised interest rates 17 times in a row, raising the federal funds rate from 1%. 2 The sharp rise in interest rates has greatly increased the repayment burden of homebuyers, and since the previous year, the U.S. housing market has shown signs of decline and cooling, and as home prices have fallen, mortgages and financing have been greatly affected, resulting in many borrowers not being able to repay their debts on time.

In July of this year, there were clear signs that the market began to experience violent turmoil in the financial markets. And by the time of the month B, a well-known term finally appeared like thunder, and the subprime mortgage crisis in the United States finally began.

The first to be hit were a number of subprime mortgage lenders, including financial firms and funds, most notably real estate mortgage giants Fannie Mae and Freddie Mac. Fannie Mae incurred a huge loss in July, with a loss of $7oo million. The loss of Freddie Mac is also extremely huge, with a preliminary estimate of more than $4oo million, and this loss continues to increase due to subprime mortgage reasons.

In the month of B, several major fund companies still could not recover the defeat with great efforts, and had no choice but to ask the government to help, with the help of the Federal Reserve and the American Securities and Exchange Commission, temporarily stabilized the stock market, but who knew that this was just a phenomenon of returning to the light, and the real crisis still existed.

By the end of B, the stock market began to plummet, and the major fund companies that had been struggling to support it could no longer withstand it, and first Fannie Mae declared bankruptcy and was announced by the U.S. Treasury Department. Then, Freddie Mac, which had a smaller loss, followed in the footsteps of Fannie Mae and declared bankruptcy after more than $200 million in government funding.

Soon after, news broke that Freddie Mac's executive, vice president and chief financial officer, committed suicide in the basement of his residence. This added fuel to the fire, with the financial crisis caused by subprime mortgages, like a monster began to sweep the financial markets, and then spread to Europe, Asia and other regions with an extremely alarming degree.

In just 48 hours, central banks around the world urgently mobilized a total of $3.6 billion to fight the subprime mortgage crisis that swept the world, but the effect was still modest. As time went on, the subprime mortgage crisis became more and more financially damaging, and has been called the worst financial crisis since the Great Depression in the third century of the second century. Moreover, although the financial crisis started with subprime mortgage institutions, it has spread to industrial institutions with the development of the financial crisis, which has also had a huge impact on the real economy, and even the Chinese market on the other side of the ocean has also been greatly affected.

At the beginning of the subprime mortgage crisis, Zhou Liwen closely watched its development, and issued a series of orders to its various enterprises and financial institutions. Because Zhou Liwen expected in advance, his companies, including the No. 1 National Bank of the United States and investment banks, gradually withdrew from the subprime mortgage market more than a year ago and turned to other investments, so compared with other banks, financial institutions, and funds, Zhou Liwen's losses were the smallest.

Of course, the subprime mortgage crisis that swept the world was inevitable for Zhou Liwen no matter what, because even the real economy was greatly affected. Zhou's industry, including his core industry or company, was also hit by the subprime mortgage crisis, but due to Zhou's excellent preparation and preparedness, in addition to the overall decline in sales, its business is still doing well.

As for financial institutions, Zhou Liwen did not take many actions except for some targeted operations by the investment bank. Some people may say that in the case of a crisis in the financial system and the whole stock market plummeting, it is also a good time to make money, and you only need to take a large amount of money to sell short? In this way, not only can you reduce your losses, but you can also make a lot of money.

In fact, the person who said such things is just a layman who knows a little about it. Theoretically, this is possible, but if you go too far, you are looking for death. Imagine, when the whole world is bailing out the market, your financial institution actually took out tens or even tens of billions of dollars and used ten or even twenty times the financial leverage to sell short, isn't this tantamount to going against the whole world?

This situation will not be allowed by any country, if Zhou Liwen dares to do so, then the next day the Federal Bureau of Investigation, the Ministry of Finance, the Taxation Bureau and other people will directly ask him for coffee. Even, when this kind of thing is disclosed to the outside world, then Zhou Liwen has become a public enemy of the earth, and there is no place to bury him.

Except for the appropriate, small-scale operation that does not cross the red line, it is impossible for Zhou Liwen to take risks at all, unless he is tired of life. The most important thing at the moment is to maintain the stability of its industrial institutions and strengthen their resilience in order to tide over the difficulties.

"How much did we lose?" At...

In the new headquarters building of the No. 1 National Bank of the United States, Zhou Liwen sat in David's office, although there was a cup of coffee made by Miss Toris in front of him, but now Zhou Liwen had no appetite at all, but looked at David solemnly.

"Thanks to the previous preparations, the preliminary estimate of the loss is now about $100 million to $101.56 million." David smiled bitterly in his heart, took out a statistical table from the drawer and handed it to Zhou Liwen.

"Is this all the data? Debt included? Zhou Liwen took it and looked at it, and asked at the same time.

"The debt side is already included, and if this crisis doesn't last too long, I'm going to sell some of the debt in a few days, maybe I can recover some."

Zhou Liwen shook his head, although David's idea was good, he didn't know the power of the subprime mortgage crisis. In fact, although the worst of the subprime mortgage crisis has passed, its persistence and impact are not so easy to resolve. Until 214, the global economy had not fully recovered, and the usual method of bundling and selling the debts used by the banking industry would not work, at least temporarily, and the debts would probably be in their own hands.

The loss of 101.56 million US dollars, if you add the losses of other industries in this subprime mortgage crisis, Zhou Liwen's total loss is roughly less than 100 million US dollars. Although this number is huge, it is already very small for the market value of Zhou Liwen's entire industry. Of course, these losses do not include his losses on the stock price, and if you want to calculate the loss of stock value, then this figure will have to be increased at least dozens of times.

"Let's talk about the debt packaging later, you are an expert in this area, if there is a suitable buyer, you can just make a direct move, and you don't have to report it to me." Zhou Liwen thought for a moment and replied.

"I see." David nodded in agreement, he actually knew that in the current situation, basically no bank or financial institution would take the initiative to accept the debt packaging business. In fact, this subprime mortgage crisis almost scared David's heart attack, and it was the first time he had encountered such a serious financial crisis since he started his career. You must know that his father was still young at the time of the Great Depression, and although he had heard of the horror of the Great Depression, it was impossible for anyone who had not experienced it to imagine.

As a banker, especially the heir of the family bank, David's family survived the Great Depression, but this time if the bank was not acquired by Zhou Liwen, and after the reorganization, under the strong request of Zhou Liwen, the subprime mortgage business was reduced, and even more than half a year ago completely ended the cooperation with Fannie Mae and Freddie Mac, perhaps the No. 1 National Bank of the United States would have been wiped out in this subprime mortgage crisis like some other small and medium-sized banks.

The thought of this made David shudder, especially when he learned that Freddie Mac's vice president and chief financial officer had committed suicide, David even took out heart medicine and swallowed a few. Facing this rich man and boss who is sitting in front of him now, younger than his son, David is sincerely grateful, and even thinks that Zhou Liwen is simply a genius, maybe he is still God's illegitimate son, otherwise how could he have judged this in advance, so that the No. 1 National Bank of the United States only suffered a slight loss in this crisis, and was not fully implicated?

"Let's talk about the future." Zhou Liwen rubbed his temples, he hasn't rested well these days, too many things have to make a final decision on him, six hours of sleep a day has become a luxury, just like now, his eyes are bloodshot, physically and mentally exhausted, but for the time being, he still has to continue to endure.

David roughly told Zhou Liwen about the corresponding measures he discussed with the bank's top management, including several shareholders, and his measures were nothing more than tightening the monetary base, reducing venture capital, increasing the proportion of loans to the industrial sector, and so on. After David finished speaking, Zhou Liwen thought about it silently and didn't speak for a long time.

"Do you think you're too conservative? If you have a good suggestion, we can discuss it. Seeing that Zhou Liwen pondered for a long time and didn't speak, David couldn't help but ask.

"No, no, dear David, these measures are actually quite good, although conservative, but steady, I don't think any banker, including the chairman of the Federal Reserve, can find a problem." Zhou Liwen waved his hand and said, David was relieved to hear Zhou Liwen say this, you must know that the age gap between the two sides is not small, as a young man, Zhou Liwen is of course radical in the eyes of outsiders, otherwise he would not have single-handedly created such a huge business empire in a short period of time. And David is different, decades of banking career, coupled with his age and the current complex situation, David chose to play steady is the most appropriate response strategy, he is worried that he is too stable and makes Zhou Liwen dissatisfied, but Zhou Liwen affirmed his measures instead.

"Thanks, if you have no opinion, the bank will follow this step. Of course, if the economy improves in a year's time, we can make new adjustments anytime and anywhere. ”

Zhou Liwen nodded: "Yes, I approve this." Just as David smiled, Zhou Liwen suddenly said, "But David, I want to make another suggestion." ”

David was stunned for a moment, and quickly said, "Please speak." ”

"The damage to the entire financial industry is obvious in this subprime mortgage crisis, and it may not be long before a large number of banks, including financial institutions, will go bankrupt, right?"

"Of course it's possible." David nodded in agreement: "To be honest, if it weren't for your support and we had withdrawn from the subprime mortgage business in time, it would have been impossible to continue to talk about these topics like we are now." Needless to say, in the past few days, according to the information I have now, nearly 100 small banks and financial institutions in the United States are on the verge of collapse, and more than a dozen have gone bankrupt and liquidated. ”

"What a tragedy." Zhou Liwen sighed, and David also sighed heavily. As a banker, although his peers are competitors, when he sees so many peers being swept up in this crisis and thus completely failing, this is the result that no banker wants to see.

In the face of this reality, the power of the individual is so small, even the power of the powerful American government cannot stop the life of the crisis, so how can a banker be able to do it?

"The Chinese have an old saying that it is called Seon lost horse." Zhou Liwen said quietly.

Seeing David's puzzled expression, Zhou Liwen specially explained this allusion to him, and when David listened to Zhou Liwen's words, he suddenly realized that he understood what Zhou Liwen meant.

"Do you mean that this subprime mortgage crisis is not only a difficulty, but also an opportunity? Maybe we can use this opportunity to expand into the banking sector? ”

"That's right" Zhou Liwen nodded appreciatively, although David is old, he has a lot of experience, and he can understand it at all.

David frowned and thought for a moment, wrapped his left hand in the ring of his right hand, and the fingers of the wedding ring tapped lightly on his arm. After a while, he said: "This seems to be a good idea, we have suffered very little damage in the current crisis, and with the bank's capital preparation, we can properly acquire some banks or financial institutions and take this opportunity to expand." But I have a question, this is not a small amount of money, I wonder how much support you can give? You know, I don't want a disorderly acquisition to affect the No. 1 National Bank of the United States. ”

"You don't have to worry about that." Zhou Liwen thought that David would object, who thought that he was worried about financial problems. For funds, Zhou Liwen still has some money, although his losses in this crisis are not small, but the emaciated camel is bigger than the horse, and taking out billions of dollars is just some pressure on Zhou Liwen.

More importantly, this is indeed a good opportunity for the expansion of the No. 1 National Bank of the United States, including the Shanghai Bank and the investment bank, and it is also a "big purchase" of the No. 1 National Bank of the United States, these institutions, and even Zhou Liwen himself to the elites of the financial industry. As Zhou Liwen's business empire becomes...

Huge, the more he feels the lack of talent, and the most elite talent in the United States is not in business, nor in politics, but in finance. With the subprime mortgage crisis, a large number of top elite talents have lost their original jobs and status, isn't this a rare opportunity?

(There are so few tickets lately, ask for votes!)

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