Time flies, and it feels like it's just a blink of an eye, and a week has passed.

Those outside were still laughing and sneering. In this regard, Tang Bao didn't bother to stand up and comment, time will prove his words, is it the truth or a joke? At this time, there is no need to stand up and fight with them.

The three banks he acquired were successfully delisted, and Tang Bao was busy figuring out how to integrate them more effectively with East West Bank.

Tang Bao's temporary office.

"Boss......" Robert rushed in excitedly, clutching a newspaper in his hand. Oh, sorry boss, I seem to have forgotten to knock on the door! ”

"It's fine. Robert, what good news do you bring to the table? Tang Bao wasn't angry about this little thing, but just showed a faint smile.

Robert suddenly calmed down, and hurriedly spread out a copy of the Los Angeles Times and put it in front of Tang Bao.

"Ha, boss, S&P is slapping himself in the face, look at it...... This is the S&P/Case-Shiller National Home Price Index published by S&P. ”

Oh?

Tang Bao's interest suddenly increased, although the real estate in the United States will have problems this year, but until now the housing prices are still very calm, he is a little uncertain, and even a little doubtful that his memory is disordered. Picked up the Los Angeles Times and read it seriously:

According to data analysis from the S&P/Case Shiller National Home Price Index, home sales prices across the U.S. continued to fall in June, falling by 5.3% compared to May. This is a 12% drop compared to the same period last year. This is the fifth month in a row that home sales prices have fallen, and the decline is gradually widening.

Home prices vary greatly across the U.S., but the tracker is that 18 out of 20 specific cities saw home sales prices fall, including San Francisco and Miami. House prices fell by 8.92% and 7.6% respectively, ranking first and second among the 20 cities.

Blitzer, a professor of economics at the University of California, said: "Home sales prices continue to fall, and the decline is increasing month by month, and from the current indications, home prices may fall further in the coming period." As far as I know, many cities in the U.S. are experiencing sluggish housing performance......"

……

It took more than ten minutes for Tang Bao to read the report in its entirety, and he couldn't help but smile with relief on his face.

"Ha, boss, S&P is going to make a fool of itself this time. They say that the U.S. housing market is stable, but the data they release is contradictory to their analysis. Robert said excitedly that recently, among the people who criticized and ridiculed Tang Bao, it was the S&P company that was the most fierce. A group of people, led by S&P top analyst Jals, have been attacking Tang Bao all day long.

Tang Bao smiled.

Whether S&P will make a fool of himself or not is secondary, the point is that his "predictions" for the US real estate and banking and finance industries have also come true.

He accurately predicted the crisis. The sensation and impact caused by that is a little exciting to think about......

Saying.

As soon as the S&P/Case Shiller National Home Price Index was released, many market analysts who had previously laughed at Tang Bao shut their mouths in amusement.

For a while, he attacked Tang Bao. It's down to a low point.

However, some banking institutions, which have been very calm before, panicked and were well aware of the chill hidden in this S&P/Case Shiller national home price index data. Suddenly, another group of small savings and loan banks shrank their housing loans and joined the ranks of recovering funds.

"Hey. Raymond! I want to get a bank loan of 120 million dollars...... "Hans has found his closest partner.

Bank loans are relatively costly, but they are one of the fastest ways to raise funds. Hans wanted to raise the money sooner. That's the only way to do it.

"Loans? It's a pity, Hans. Bank of America, just today's board of directors, has decided to scale back lending on real estate. Although the real estate finance loan has not been completely closed, it is difficult for me to grant you a loan request given the situation of Hanse Commercial Real Estate Development Company. Well, in addition, there are already executives at Bank of America who have offered to revoke the loans issued to you early......" Raymond said calmly.

"What?"

Hans was taken aback by the news. Prepayment ...... Now that Hans Commercial Real Estate Development Company has just over $5 million left in its account, barely enough to pay the salaries of its employees, what will he use to repay the loan? It took a lot of talk to convince Raymond of the idea of repaying the loan early, and Hans put down the microphone weakly.

Right now.

Hans is running out of ammunition, and the only way out is to raise new funds as soon as possible!

Hans went to several banks in succession, of different sizes, but all of them rejected his loan applications without exception.

Helpless.

Hans made a painful decision to halt the three commercial real estate projects under development by Hans Commercial Real Estate Development Company and to sell two commercial buildings in San Francisco.

Meantime.

Hans did not give up the plan to continue to raise funds, and successively found several fund companies and investment institutions to strive for the issuance of corporate bonds.

……

"Ha, boss, Hans Commercial Real Estate Development Company also has a problem." Robert excitedly exclaimed that the problems with Hanse Commercial Real Estate Development, one of the largest real estate companies in California, were a big indication that the real estate industry was really going wrong today.

That means that Tang Bao's predictions are correct. At the same time, it means that East West Bank, which has been prepared for this for a long time, will reap a lot of money.

How could Robert not be excited!

Not.

Tang Bao is in a very good mood, and many recent signs have shown that the U.S. real estate market is indeed exposing a crisis, and many banks that are not separated from the real estate industry cannot get out of this predicament.

"Boss, Hans Commercial Real Estate Development has announced the suspension of three projects and is looking for buyers for two commercial buildings in San Francisco. Also, they are trying to sell corporate bonds, but the results are not very good, and not many investors dare to buy their bonds......"

"Oh, you know a lot." Seeing Robert enumerating the news of Hans Commercial Real Estate Company like a few treasures, Tang Bao smiled slightly.

"That's it. Ever since my boss said that there would be a crisis in the U.S. real estate industry, I have been paying close attention to the companies involved. Hanse Commercial Real Estate Development is one of the largest real estate companies in California, so it's only natural for me to pay more attention to it. Robert said very proudly.

Hear the words.

Tang Bao couldn't help but be moved, and said, "Oh, it's the largest real estate company in California? ”

"Well, more precisely, the largest commercial real estate companies in California, they're a little bit weaker in the residential development space. However, the overall strength must be ranked among the top three in California, and even in the United States, it is also the top 50 real estate developers. Robert explained.

"Haha...... Good, good, good! ”

After listening, Tang Bao couldn't help laughing and said yes repeatedly. For a large-scale real estate enterprise like Hans Commercial Real Estate Development Company, the funds for its development projects must be inseparable from the support of various banks, and if it has problems, it will inevitably cause some banks to suffer.

Suddenly.

Tang Bao realized that perhaps the crisis of Hans Commercial Real Estate Development Company was the fuse that completely detonated the entire U.S. banking crisis.

"Robert, let me ask you, how much bank debt does Hanse Commercial Real Estate Development have?" Tang Bao looked at Robert and asked urgently.

"Forehead ......"

Robert was suddenly a little embarrassed, he just paid more attention to Hans Commercial Real Estate Development Company, and did not deliberately investigate, how could he know the specific debt problem of the other party.

"Just according to your own judgment and guess." Tang Bao also knew that Robert could not be fully aware of the debts of Hanse's commercial real estate.

"Hmm. Hanse Commercial Real Estate has 17 large-scale commercial projects under construction, of which five have recently been completed...... The funds for these projects are basically raised by means of loans and the issuance of corporate bonds. Based on this assumption, Hanse Commercial Real Estate Development Company has at least $800 million in debt. Add in some long-term debt, maybe more! Robert said, but this was only his conservative estimate.

Hans Commercial Real Estate may seem huge, but it is also heavily indebted, and it can be said that they are completely dependent on financing to expand rapidly.

"Hmm."

Tang Bao nodded, and had a general understanding of the situation of Hans Commercial Real Estate Development Company.

Saying.

Tang Bao: When they were paying attention to Hans Commercial Real Estate Development Company, others were also paying attention, and many people found out about the problems of Hans Commercial Real Estate.

Time.

Many banks and fund companies that do business with Hans Commercial Real Estate Development Company have become nervous and even have debt collection.

……

"Huh......" Hans forcibly suppressed the anger in his heart and firmly refused: "Mr. Hayakawa, I don't feel your sincerity, I think the negotiations can be concluded directly." ”

"Mr. Hans, I think this acquisition is in the best interest of both of us. I hope you'll think about it again! Yuichi Hayakawa said with a smile.

"No!"

Hans refused again forcefully, and then straightened to leave.

Hans Commercial Real Estate Development Company has well-run commercial buildings in more than 40 cities in the United States, with assets worth more than a billion dollars. He would rather choose to file for bankruptcy protection than let the Japanese get their way.

……

Two days later.

"We did everything we could to save. But in the end, we still failed, and I regret that. Hans walked out of the California courthouse, stood in front of countless reporters, facing the camera, his voice was a little hoarse, and the whole person looked like he was dozens of years old. (To be continued......)