"Fack!"

Gort reported Zars's terms to the S&P board, and the directors were all angry and scolded Zars for being insatiable.

One of the directors roared, "We can't let that scum get away with it!" ”

"Yes, I can't promise him." Then another director chimed in and said that it was crazy to pay a market analyst $10 million severance.

Alas.

Looking at the indignant directors, Gort couldn't help coughing lightly, attracting everyone's attention and reminding: "Gentlemen, I know that it is very outrageous to pay Zars ten million dollars in severance pay. However, think about S&P's predicament, only that scumbag can save a little face. Compared to 10 million dollars, I think it is more important to get S&P out of this vortex as soon as possible! ”

Helpless.

After discussing it for a while, the directors finally voted to approve Gort's proposal and agree to pay Zars $10 million in "severance pay"!

……

"Hey, I'm Got, ten million dollars, it's been in your account. It's up to you, and besides, keep your mouth shut. ”

Syllable.

After Goth finished speaking, he hung up the phone directly, he didn't want to hear Zars's voice again.

Doodoo ......

Listening to the busy sound of the phone, Zars didn't care at all, quickly checked the account, confirmed that the S&P paid the money, and immediately laughed.

"Hehe, with 10 million dollars, even if I leave completely, I can live a happy life."

Soon.

In front of hundreds of reporters, he announced that a series of analytical remarks refuted Tang Bao released by Standard & Poor's before were his personal views and had nothing to do with S&P.

Then.

Standard & Poor's also stated that the company decided to fire Zars because he brought personal grudges into his work and had a bad impact on the company.

……

East West Bank.

"Tsk. This Jars was pulled out by S&P as a substitute for the dead. Looking at the two statements, Robert sighed with emotion.

"Heh, but it works really well!"

Tang Bao smiled lightly, although these two statements could not completely eliminate the anger of many investors against S&P, at least they would not be so overwhelming as before. S&P will certainly turn around the decline of everyone's shouting in a short period of time.

Next.

As Tang Bao expected, after the news of the two statements was issued, public opinion gradually began to turn, from slamming Standard & Poor's to Zars personally. And S&P's role in this matter has been gradually diluted...... Although some media suspect that Zars is just a substitute for S&P, it cannot form a mainstream voice. Apparently. Some people are deliberately guiding public opinion and downplaying the existence of S&P.

Instead, Zars became a street rat that everyone shouted at......

As the storm continues to erupt.

The number of banks and financial companies in the quagmire has also increased rapidly, and at first it was only a small savings and loan bank crisis, but as time went on, some large and medium-sized banks also showed a disturbing sign, the bad debt ratio of real estate loans surged, and the stock price that had barely stabilized also plummeted.

Storm.

It seems to have scraped over the small savings and loan banks. It has been scraped against large and medium-sized banks...... The crisis has further expanded the scope, and the weak and sick have been hit, and it seems that the strong and strong are difficult to dodge.

"Knock Knock Knock ......"

Tang Bao, who had just finished reading the document. Just as he was about to go back to the hotel to rest, he suddenly heard a sharp knock on the door.

"Please come in."

Tang Bao said calmly.

The words fell.

The door opened suddenly, and Robert and Winnieburg rushed in side by side, unlike before. This time, I came here with a solemn look on my face.

"Boss."

"Hehe, it's almost seven o'clock, it's long overdue to get off work. What's the urgency of looking for me? Tang Bao looked at his watch and asked with a light smile.

"Off duty?"

Robert and Winnieberg were stunned, bank executives like them, overtime is as common as eating and sleeping, and it is extremely common for them to have to work overtime to deal with a slight emergency, or even work all night. Of course, they may also go home early or even take a few weeks off in a row.

But.

At this time, the two were obviously not in the mood to explain these things to Tang Bao, but they were just a little stunned and explained their intentions.

"Well, boss, there's very bad news, East West Bank has nine loans that can't be recovered in time, totaling up to $126 million. Six of them were from the former F.B.N.K Financial Corporation, two were from Mid-Atlantic Regional Bank, and one was from East West Bank. Robert reported unusually heavily.

"Oh."

Tang Bao just replied softly, he had expected this situation when he acquired it, and he was not very surprised.

Even if he loses money, he can't afford to miss the opportunity for East West Bank to expand.

It's just that.

Tang Bao was a little strange, didn't he remind Robert a long time ago, did East West Bank have to be careful about loans in the real estate field, how could there be problems.

"Boss, East West Bank has been cleaning up real estate loans for a long time, but it still retains a small number of high-quality old customers, so it's ......," Robert explained. After all, Tang Bao reminded him last year to interfere less in real estate financing, and it makes some sense if there is a problem.

"It doesn't matter."

Tang Bao smiled and dispelled Robert's doubts. He had only ordered Robert to reduce the loan, but he did not prohibit it.

Again.

Robert is not wrong to do it, some long-term relationships with high-quality customers, need to carefully maintain the relationship. If the relationship between the two parties is completely cut off because of the bad real estate environment, because of a small profit, it is equivalent to pushing their own households to other competitors. When you return to the market, it's too late to get it back.

Unless East West Bank intends to never get involved in the market.

"Heh, the economic environment is like this, there are problems inevitably, don't worry too much." Tang Bao noticed that Robert seemed to care too much about this, so he comforted him.

Then.

Tang Bao asked again: "Are you sure that these loans cannot be recovered?" ”

"Well, that's a maybe, it's just that all nine loans are due, and the other party can't pay them back on time. Maybe wait for the other party's funds to be withdrawn. and repay the funds. Of course, it is also possible that the company will not be able to operate, the company will file for bankruptcy, the court will check the assets for auction, and East West Bank, as one of the creditors, can only recover part of the loan in proportion to the debt. Winnieberg explains.

There was a slight pause.

"However, with the current real estate market environment, housing prices have plummeted and house sales have declined, and those real estate companies are counting on to recover their funds. It's hard, I'm afraid. I'm afraid that a considerable number of real estate companies will fall in this crisis......"

"Of course, it is also possible for them to successfully survive the crisis, wait for real estate to heat up again, recoup their funds, and repay their loans...... However, the repayment period will be much longer. ”

"Oh, it seems that we still have to pray for those real estate companies, begging them not to go bankrupt." Tang Bao laughed.

Robert and Winnieberg laughed.

It's a bit funny, but it's an indisputable fact. As long as the real estate developer who borrowed the loan does not go bankrupt, even if the debt repayment is postponed, there is always hope of repayment. However, once it goes to the road of bankruptcy and liquidation. There will definitely be losses. Not even a penny can be recovered.

"How many more of these do you expect?" Tang Bao looked at Robert and Winnieberg and asked calmly.

"If the real estate market doesn't pick up, ideally, there will be problems with 20% of loans. In severe cases, it can reach 50%. Robert gave a rough estimate that he didn't think it would be that serious, but. Seeing that even some of the high-end customers that East West Bank has carefully retained have problems, he is not as optimistic as before.

……

"Boss, do you think you need to adjust your previous goals and postpone further mergers and acquisitions?" Winnieburg tried to suggest.

"Go on, the plan remains the same!" Tang Bao said firmly. Don't miss the opportunity, don't come again, after this village, there will be no such shop.

Even if he knew that there would be a series of bad debts with the development of mergers and acquisitions, Tang Bao could not stop it, at this time, what he wanted was not profits, but the market.

It is necessary to use the fastest speed to promote East West Bank to the entire U.S. market.

A week later.

East West Bank is in talks with a California bank to acquire F.B.N.K Financials, Mid-Atlantic Bank, and PIKT Holdings.

Soon.

Some well-informed reporters hurried to the headquarters of East West Bank and asked for an interview with Tang Bao. Since Tang Bao successfully predicted that the United States would break out into a banking crisis due to the real estate downturn, many reporters wanted to conduct an exclusive interview with him, but without exception were ruthlessly rejected.

No one has ever succeeded!

"Hey, how's it going, did Don agree to our interview?" Leo, who was waiting in the hall, asked anxiously.

"Yes, the boss agreed, but you only have twenty minutes." Nick ushered Leo into Tang Bao's office and reminded.

"Okay."

Leo readily agreed, as long as he agreed to the interview.

"Hello, Don, thank you for accepting my interview, my name is Leo, a reporter for the Los Angeles Times." Leo saw Tang Bao and said enthusiastically.

"Hello, please be seated."

Tang Bao politely beckoned Leo to sit down.

"Thanks, Don, is the interview ready to start?" Leo pulled out a voice recorder and asked, "Don't mind if I record the interview?" ”

"No problem!"

Tang Bao was very refreshing.

"Don, now everyone knows that you accurately predicted this crisis. Excuse me, on what basis did you predict this? Leo asked.

"I've been tracking the U.S. real estate market for a long time, and I warned about it last year, for whatever reason, in that market analysis report. You can look for it, well, it was published in a newspaper in New York, in November, I don't remember the exact day. ”

"From your previous tone, you are very sure about this crisis, so there were so many people who harshly attacked it a few days ago, why didn't you refute it?"

"Time will tell who says the truth. I'm just saying what I think, and I'm not forcing everyone to listen. Of course, those who trust me will be pleasantly surprised, and those who do not trust me can only pray sincerely to God in this crisis. Tang Bao still said with a light smile.

"It is said that East West Bank is trying to acquire the MEC Community Bank in California, but is this true and to what extent?"

"Well, there is such a thing. All I can say is that it is going well......"

"Is that going to change now that both real estate and banks are doing poorly?"

"I think the crisis has just begun, and as time goes on, more banks will be involved. Well, it's not just savings and loan banks, small regional banks. There are many more, and those who are too deeply involved in the real estate industry will not be spared! ”

Listening to Tang Bao's eloquent talk, his tone was firm.

Leo was surprised.

"For example, which big banks do you think will have problems?" Leo asked tentatively, originally he was just trying, and he didn't expect Tang Bao to answer.

But.

Tang Bao said with an unexpected smile: "Bank of America, Western Union Bank, etc., may have problems, I suggest that they prepare more funds to deal with the next crisis." ”

"Don, what do you think can be done to solve this crisis?"

"The most efficient way to do that, of course, is for the U.S. government to come up with a rescue plan. However, I think they might not like to do that. So the crisis will continue and the financial markets will become more and more chaotic...... Maybe the new president will not make a change until he comes to power. Tang Bao said with a smile.

……

The interview time is limited, and Leo asks questions quickly, one after another, and Tang Bao will answer them one by one.

Next.

The Los Angeles Times publishes the interview on your homepage. The remarks that Tang Bao's crisis would continue to expand immediately caused a panic.

That day.

Almost all bank stocks have plummeted, even well-run banks. At the same time, a number of institutions have begun to short bank stocks...... (To be continued......)