Chapter 167: Smooth
Well. {
Tang Bao nodded silently, Mrs. Annette helped him clearly divide the three major crises of East West Bank, each more difficult than the other.
Ay.
Let out a long sigh in his heart, secretly scolding himself for being dead, if it weren't for the fact that East West Bank itself made such a big mistake, even if many people were unhappy with East West Bank, they could only stare dryly. But at a critical moment, East West Bank sent its own handle to the opponent. Opponents have an excuse to attack and discredit East West Bank, and the political elite, who are not at ease with East West Bank, have a reason to make things difficult.
"Mrs. Annette, I understand that there are many obstacles at East West Bank, but the problems have to be solved one by one, and I have to fix the Federal Deposit Insurance Corporation and solve the run crisis first. If we don't solve this problem, I'm afraid that without the help of opponents and the U.S. government, East West Bank will be finished. Tang Bao smiled helplessly.
Now.
Tang Bao pinned his hopes on Mrs. Annette to help him solve this problem.
"Don, a friend of mine used to work for the Federal Deposit Insurance Corporation of the United States, and as long as he speaks, this problem is not difficult to solve." Mrs. Annette smiled calmly.
Forehead......
Have you ever held a position? That means that if you don't have the Federal Deposit Insurance Corporation at the moment, can the other party continue to influence the company's decision-making?
Perhaps he saw the worry in Tang Bao's heart clearly, and explained with a smile: "Don't worry." If nothing else, this matter will be resolved smoothly. ”
"Oh?"
Tang Bao looked at Mrs. Annette, who was full of confidence, and couldn't help but think in his heart, who was her friend, who had so much confidence?
But.
I guess this friend is also a politician.
"He's been a comrade-in-arms in the trenches, and together we've helped President Reagan in his campaign, well, he's now an assistant to President Reagan's economic policy. As far as I know, many of today's executives in the Federal Deposit Insurance Corporation have been promoted and influenced by him. So as soon as I speak. It was done quickly. Mrs. Annette seemed to have deliberately revealed the identity of the other party in order to calm Tang Bao's heart.
President Reagan's economic policy aid?
It should be Reagan's think tank and cronies, although these people rarely appear in the public eye, but the power is not ordinary.
No wonder Mrs. Annette is so confident.
"However, Don, if the matter of the Federal Deposit Insurance Corporation was instructed by the White House, then I am powerless." Lady Annette said again.
"Hmm."
Tang Bao smiled and nodded. If it is instructed by the White House, the implications are complicated, even if Mrs. Annette has the ability to lobby. I'm afraid that I won't be willing to intervene.
"Don. After resolving the FDIC issue, I suggest that you meet with the heads of the Federal Reserve, the Treasury Department, the Committee on Foreign Investment in the Foreign Investment Unit, the Office of the Comptroller of the Currency, and other institutions to communicate with each other and clearly explain the development strategy of East West Bank, especially the relationship with the Chinese government. With the understanding and trust of these institutions, East West Bank can stand and grow! Lady Annette suggested.
Forehead.
Tang Bao nodded subconsciously.
……
Next.
Mrs. Annette took Don to meet President Reagan's aide on economic policy, McVeigh, who was also a member of the newly formed Committee on Foreign Investment in the United States.
McVeigh seems to be peaceful, but what goes deep into his bones is pride. For Tang Bao, he was lukewarm. But he was very enthusiastic about Lady Annette. After listening to Mrs. Annette's request, McVeigh only glanced at Tang Bao, who was standing silently next to him, and readily agreed.
"No problem, Lady Annette. You know, I'm having a hard time refusing your request! McVeigh shrugged and said gently.
The eyes that looked at Mrs. Annette were fiery.
See here.
Tang Bao suddenly understood something, and couldn't help but smile in his heart. It seems that this somewhat arrogant fellow is interesting to Mrs. Annette!
"McVeigh, you mean I'm making your request difficult for you? Then I won't bother you! Mrs. Annette said calmly.
McVeigh hurriedly said, "Don't be embarrassed. Mrs. Annette, it is my pleasure to serve you. ”
"When will it be resolved?"
Mrs. Annette asked again.
"Well, I'm going to call Tony right now, he's the chairman of the board of directors of the Federal Deposit Insurance Corporation, and he'll settle this little thing very quickly." After saying that, McVeigh really called directly, and then explained the situation to Tony, and urged the other party to quickly solve the problem of East West Bank's insurance.
Syllable.
Hang up the phone.
McVeigh smiled at Lady Annette and said, "Look, it's done. You just let Don go and talk to Tony directly, and there won't be any trouble. ”
"Thank you, McVeigh, then Don and I will go to the Federal Deposit Insurance Corporation." With that, Lady Annette stood up.
Yes.
Leave so soon!
McVeigh was a little reluctant in his heart, and opened his mouth, but he was dumbfounded and couldn't say anything. I could only watch Mrs. Annette and Tang Bao leave.
It's not just McVeigh dumbfounded. Even Tang Bao was a little stunned, he didn't expect that as soon as McVeigh helped solve the trouble, Mrs. Annette was eager to leave, and he himself felt a little like crossing the river and demolishing the bridge. Tang Bao thought that Mrs. Annette would let him leave alone and stay to catch up on the old days.
"Heh, Don. If I don't accompany you to the Federal Deposit Insurance Corporation, I'm afraid it will be difficult for you to solve the ......problem," Lady Annette laughed.
"Huh?"
Tang Bao was puzzled, didn't McVeigh greet the other party, since this guy has love for you, could it be that he will perfunctory you?
"You first met McVeigh, and you didn't know anything about him." Mrs. Annette shook her head and smiled, she just knew what was going on, and there was no need to say it all.
Seeing that Mrs. Annette had no desire to elaborate, Tang Bao also did not ask in a meaningful way, and besides, he did not care about what kind of person McVeigh was.
But.
People are very curious about heavy animals.
On the way to the Federal Deposit Insurance Corporation, Tang Bao couldn't help but mention McVeigh and asked, "Mrs. Annette, I see the way McVeigh looks at you...... Like he ...... you? ”
"Don, you read that right, McVeigh likes me very much, and has pursued me. But I rejected it a long time ago. Lady Annette laughed.
"Refuse?"
Tang Bao was surprised, although the other party hadn't looked at him when he saw McVeigh, but McVeigh, it should have looked pretty good. Knowledge, status, literacy, money and power should not be bad, it is a rare successful person, and Mrs. Annette should be a good match!
"Well, McVeigh is a very nice man, he doesn't have any bad habits, and he lives a disciplined life! But he's not my type, and he's too weak. And he lacks bearing and open-mindedness...... "Mrs. Annette doesn't mind talking about McVeigh at all.
……
Thinking back to McVeigh's appearance in Mrs. Annette's low eyebrows, and then looking at Mrs. Annette's strong woman demeanor, I finally understood.
Alas.
Tragic McVeigh! Women need to be conquered, especially a woman as wild as Lady Annette.
Soon.
Tang Bao and Mrs. Annette arrived at the Federal Deposit Insurance Corporation, and Tony seemed to have been informed by McVeigh and had been waiting for a long time.
"Don, East West Bank's problems are not small, and the run crisis has erupted. It is seriously undercapitalized, it is very likely to go bankrupt and go bankrupt, and its insurance rating will not be very high. Tony reminded.
"Hmm. Mr. Tony, you just said what level East West Bank is at. What are the deposit insurance rates? Tang Bao said with a smile.
"The lowest fifth level. The deposit insurance premium is initially set at 50 cents for every 100 dollars deposited. Tony said.
Then.
Mrs. Annette frowned and said, "Tony, the highest deposit insurance rate in the United States is not so high today, is it?" ”
"Uh. Depending on the institution and the level of risk, the deposit insurance rate ranges from 5 cents to 45 cents per 100 dollars. But. Nowadays, there are a lot of problems in the banking industry, the risks are extremely high, and East West Bank is in the midst of a run on the storm, and it is normal to add five cents more, although our company is a government agency, but it has to bear its own profits and losses, and bear the risk. Tony explained. However, as East West Bank's risk assessment changes, so do deposit insurance rates. ”
Lady Annette wanted to say more.
Tang Bao's eyes were quick, and he hurriedly stopped Mrs. Annette and said, "Okay, just do as you say." "Ensuring that East West Bank is insured in a timely manner is the most important thing to address the crisis. As for the high deposit insurance rate, although it will bring a certain burden to East West Bank, it is not a big problem, and he wants to earn back the money of insurance costs, and there are many ways.
"In addition, East West Bank is at Level 5, which is the highest risk, and once enrolled, it must be regulated and vetted by the Federal Deposit Insurance Corporation!" Tony Road.
Well.
Tang Bao nodded.
He is well aware of this, the Federal Deposit Insurance Corporation is one of the banking regulators in the United States, and when banks are undercapitalized, they will warn them; When a bank has a serious problem, it changes the management of the bank, forcing the bank to take corrective measures; And when there is an extreme shortage of capital in the bank, the U.S. federal insurance company declares the bank bankrupt and takes over the bank.
Soon.
Tang Bao and Tony negotiated the issue and signed the agreement. A press conference was held immediately afterwards to announce that East West Bank and the Federal Deposit Insurance Corporation of the United States had successfully signed a deposit insurance agreement, and the latter would guarantee the safety of all deposits at East West Bank.
Meantime.
Tang Bao said, "East West Bank is well-capitalized and does not need to worry about deposits not being paid. East West Bank's ability to pay money after a multi-day run is the most powerful proof of this. ”
"Don is trustworthy, and the East West Bank he opened is also a trustworthy bank, and yesterday, I transferred my deposits to East West Bank." Wagner stood up and said. He said it simply, but he showed his support for East West Bank with practical actions.
"It's ridiculous to associate private banks with a government. East West Bank is Don't, and it has nothing to do with anyone......" Andya said.
"My money has always been in East West Bank, and even if there was a run, I didn't take it out because I knew that the deposits were safe!" Greg said.
"Centex has opened a corporate account with East West Bank and deposited $100 million!" Real estate tycoon Adelson announced.
……
…… (To be continued......) R527