Hans's decadent, old expression appeared on a California news channel.

The host of the news program broadcast the news he had just received in an unusually solemn tone: "According to the news sent back by our reporter, Hans Commercial Real Estate Development Company, which has recently fallen into financial difficulties, cannot return to normal operation because it cannot raise enough funds. A few days ago, Hans has filed for bankruptcy protection in the California Bankruptcy Court under Chapter 11 of the U.S. Bankruptcy Code. ”

Subsequently.

Hans's depressed and decadent photographs are magnified on the video screen, as if to tell the public that Hans Commercial Real Estate Development is finished.

……

The news that Hans Commercial Real Estate Development Company had applied to the bankruptcy court for bankruptcy protection caused an uproar as soon as it was broadcast.

Affected by this message.

Hanse Commercial Real Estate Development's share price plummeted, falling from $20 to $12 per share in less than half an hour. All the banks and funds that have business dealings with Hans Commercial Real Estate Development Company have also seen their stock prices fall to varying degrees......

At last.

It dragged down the entire real estate and banking sectors to fall, and the stock price that finally climbed out of last year's "Black Monday" fell back again.

Although it is not as fierce as last year, it is an indisputable fact that the entire bank stock and real estate stocks are falling.

Inside the conference room at East West Bank.

Robert, Winnieberg and other bank executives collectively watched the news broadcast on TV, and then looked at Tang Bao with a group of god-like worship and surprise in their eyes. They have firmly supported Tang Bao from beginning to end, but, speaking from the heart, they are not optimistic about Tang Bao's "analysis".

And now.

Hans Commercial Real Estate Development Company applied to the bankruptcy court for bankruptcy protection, and the impact was indeed spreading in the direction that Tang said.

Real estate stocks and bank stocks are plummeting!

Feeling the adoring eyes of the executives from East West Bank, Tang Bao just smiled. Then he clapped his palms and said, "All right, everyone. As I expected, the U.S. banking sector was destined for a crisis due to the housing bubble. Hey, now is the perfect time for us at East West Bank to annex its rivals and expand externally. ”

After a few seconds of silence, a burst of smug laughter suddenly sounded in the conference room, and everyone was very excited after listening to Tang Bao's words!

Normally.

After East West Bank reaches a certain scale, it wants to expand through mergers and acquisitions. There will be all kinds of difficulties. And the impending chaos has brought a new opportunity for East West Bank to expand.

This opportunity is hard to come by.

But.

There is an opportunity in the risk, and in the same way there is a risk in the opportunity.

"Hmm. Boss, judging from the current situation, it is really possible that the U.S. banking industry will be dragged into the abyss by real estate, and at this time, we will also drag East West Bank itself into it if we make a big merger and acquisition. And the newly acquired F.B.N.K financial company in the real estate sector. With billions of dollars in debt, you may face huge losses. "Vieniburg is very cautious about choosing a strategy for aggressive expansion at this time, after all. He knew that the F.B.N.K. financial company's debt was a difficult problem to solve.

Then.

To buy back a few banks in a similar situation to F.B.N.K is purely asking for trouble.

"Forehead ......"

Robert was stunned for a moment, and he was about to show off his skills and try to take advantage of this opportunity to complete any of East West Bank's strategy covering the entire United States ahead of schedule. Unexpectedly, Winnieburg stood up for the first time and poured cold water on him. He had the heart to refute it. However, there is a lot of truth in Vieniberg's words.

Moment.

There was a heated discussion in the conference room, and some agreed with Vieniburg's words. East West Bank needs to protect itself in a crisis, while others prefer to expand when it happens...... For a time, the battle was inextricable.

……

"Boss!" Robert saw that the two sides were arguing endlessly, and it would be useless to continue arguing like this, so he hoped that Tang Bao would appear and give him a direction.

Suddenly.

The conference room fell silent, and everyone stopped arguing, and at the same time turned their eyes to Tang Bao.

Tang Bao sat on the chair, his four fingers on the conference table and tapped rhythmically, and after several minutes, he stopped tapping.

Ahem......

He cleared his voice and said, "Opportunities and crises coexist, and I hope that everyone can use their wisdom to avoid crises and seize opportunities in this coming storm." This is a great opportunity for East West Bank to expand, and we can't afford to waste it! ”

Tang Bao's words directly made the decision on the next action of East West Bank, and continued to look for opportunities to acquire, rather than watching from the sidelines.

As a boss.

Even if someone disagrees with Tang Bao's opinion, there is no choice but to implement it seriously.

"Avoid the crisis and seize the opportunity...... is very simple to say, but how easy is it to do, the senior executives of East West Bank secretly said in their hearts.

Call.

made a decision, and the pressure on Tang Bao also doubled. After the outbreak of the savings and loan crisis in the United States, the price of banks plummeted, and it seemed that they could buy a bank with millions of dollars, or even without money, which seemed to be a huge advantage. In fact, the acquisition of a bank is accompanied by the various assets of the bank that you accept, and perhaps the bank you buy for millions may be accompanied by tens of millions or hundreds of millions of dollars in debt losses.

Take F.B.N.K Financial Company as an example, Tang Bao's acquisition cost only $20 million, and the total price of the recovered outstanding shares did not exceed $30 million. However, F.B.N.K Finance has lent out nearly $3 billion in real estate loans, which are depositors' money, not F.B.N.K's money, and if it cannot be recovered, it will have to be borne by East West Bank, which bought it.

Therefore.

Sticking to a buyout in the midst of a savings and loan crisis could buy a ticking time bomb worth hundreds of millions of dollars with just a few million dollars.

……

As time went on, the news that Hans Commercial Real Estate Development Company had filed for bankruptcy protection became more and more widespread.

Syllable.

When Raymond of Bank of America heard the news, he was immediately stupid, thinking that Hans still owed $180 million to Bank of America, and what made him even more devastated was that a few days ago, an executive's proposal to call back the loan in advance was rejected by him. And now Hanse Commercial Real Estate Development Company has really had an accident.

"Damn bastard, Hans lied to me......" Raymond roared in grief. Hans Commercial Real Estate Development filed for bankruptcy protection in the bankruptcy court. It means that Bank of America has temporarily lost the opportunity to pursue its creditor's rights, and can only hope that the other party will make a profit again after bankruptcy and reorganization, so that Bank of America can reduce its losses.

Then.

Raymond had anticipated that tomorrow's board meeting would be a constant stream of directors lashing out and blaming him for vetoing an offer to recoup the loan early.

"Oh God, damn Hans......"

"Hans Commercial Real Estate Development Company Files for Bankruptcy Protection, Ah, My Money ......"

"Three million dollars. I knew I should have recouped the loan! ”

……

Hanse Commercial Real Estate Development AG filed for bankruptcy protection with the Bankruptcy Court.

The American creditors who got the news either roared angrily, or shouted in tears, or were annoyed......

But.

However, they had no choice but to wait for the negotiation with Hans Commercial Real Estate Development Company to formulate a bankruptcy reorganization plan. In the United States, as long as a company files a bankruptcy protection application, its creditors temporarily lose the right to pursue the creditor's rights.

Wrath!

Except for anger. Still angry.

"Hmph, bullshit's prophecy, just this point of breaking the level, and you still want to challenge our S&P authority!?" S&P top analyst Zars said coldly with disdain. He publishes some market analysis reports every once in a while, and lately, he has been particularly diligent, sending them almost once a day. Every time, Tang Bao was taken out and ridiculed and ridiculed fiercely.

Then.

Zars had just finished a market analysis report and was about to send it to the newspaper. Suddenly, I received a phone call.

"Zars. You idiot, stop your stupid behavior......" Zars, who was holding the phone, was stunned for a moment, as if he didn't expect to be scolded.

But.

Although he didn't know why, he didn't dare to refute it, and it was the boss of S&P who scolded him on the phone.

"Idiot, you've disgraced S&P, you go look at the stock market ......," S&P boss Gott continued to roar on the phone.

Well? Stock market?

Recent.

He was almost concentrating on bombarding Tang Bao, and didn't pay attention to anything else at all. Listening to Gort's words at this time, it seems that there is a big problem in the stock market.

Zars hurriedly paid attention to the stock market, only looked at it for a few minutes, and suddenly his face turned green. Cried out in disbelief: "How is this possible? ”

On the New York Stock Exchange, almost none of the real estate and banking stocks were spared, and all of them fell. Just like large banks such as Citigroup, Bank of America, Wells Fargo and other large banks, the stock prices have fallen by different magnitudes. And the stock prices of some small banks have plummeted by 10% or 20%......

Zars's face was extremely ugly, and he finally understood the reason for Gort's anger. These days, in the name of Standard & Poor's, he constantly criticizes Tang Bao, and by the way, he guarantees that the real estate and banking industries are sound and there is no problem...... But the performance of the stock market slapped him in the face.

No.

It should be said that it was slapped in the face of S&P!

Zars understands that if he fails to deal with the consequences this time, it may directly hit the credibility of S&P Ratings. After struggling for a while, he wrote a short letter of resignation and put it in an envelope. There is such a big mistake, someone has to come out of the top cylinder, and the person who top the cylinder will definitely not be Gort, but only him.

……

Hans Commercial Real Estate Development, one of California's largest real estate developers, filed for bankruptcy protection; California's home prices have plummeted, transaction volume has plummeted, and Japanese investors have held off on investing in real estate; A certain real estate development company, a large backlog of houses, the capital chain is broken; A large number of consumers stopped paying their mortgages......

Then.

It is constantly rumored throughout the United States that a certain bank is in a desperate situation due to a large amount of real estate involvement, and such and such a bank has an operating loss, and such and such a bank has filed for bankruptcy. Banks are constantly being caught up in this vortex, and the situation is getting worse...... (To be continued......) R1292