In Mr. Jackson's account, Doolin knew what had happened in the morning, and he had had a separate conversation with Mr. Jackson five days earlier, when Mr. Jackson did not completely turn to Doolin, but he made an agreement with Doolin.

At that time, Doolin told Mr. Jackson with great certainty that it was impossible for the two major banks to support a rival to compete for their future interests, and that no matter what promises the two major banks gave them, they would eventually work out some legally effective termination agreements, and if necessary, let them go bankrupt and go bankrupt to release market potential.

There is no such thing as cultivating an enemy with his own hands and then being defeated by him to prove the change of the times, or waiting for him to become strong and then defeating him to prove his strength, the essence of capitalists is full of endless desire for profit, perhaps there have been such "outstanding" capitalists in history, but they are all dead, and there are no bones left.

If one day when you feel that there is someone who does not ask for anything in return, sincerely thinks about your good, thinks about you, wants to give you the best things, and thinks about you all the time, there are only two possibilities:

The first possibility is that it is your family and elders, and their love for you will never be mixed with anything else.

The second possibility is that person must be the sales manager of a certain company, and you can treat him as a long-lost but filial son before you sign it.

In the morning, Mr. Jackson arrived at the meeting, and after everyone met, they took out the registration certificate of the insurance company according to the previous agreement, and the shareholders were their "retail investors", and then they signed an industry self-discipline letter and agreed to Mr. Taylor's requirement that the deposit should not be less than 50 million.

Then Mr. Bellito took out a stack of agreements that were two inches back, and after the lawyer's explanation, they signed their names, and after signing them, Mr. Bellito did "give" them 50 million. However, the 5,000 was not directly handed over to them for use, but continued to be placed in the treasury of the Southern Commercial Bank, or in other words, in the corporate account registered by the Western Insurance Company in the Southern Commercial Bank.

In the agreement between them, when the western insurance company had to pay the insurance money, after the initial examination and approval of the western insurance company, they submitted the application for compensation to the Southern Commercial Bank, and the Southern Commercial Bank organized an investigation team to investigate, and only after the results of the investigation found that the compensation should indeed be paid, they would take out the 50 million yuan that was kept in their own treasury but belonged to the western insurance company and hand it over to the rights holders.

In other words, the Southern Commercial Bank did not need to take out a penny of real money, and the Western Insurance Company had already borrowed 50 million yuan from them, and the reason why they were able to do so was that they opened the insurance company's corporate account in the Southern Commercial Bank and "deposited" the money into it.

This kind of behavior, such a gesture is simply an insult to Mr. Jackson and others, but they have already signed a series of contracts, including a series of agreements with the Southern Commercial Bank.

According to the agreement they have signed at present, if they stop playing now and declare bankruptcy and liquidation, they will also have to bear a loan of 50 million, and as a "special" loan, if this money cannot be used for special business, that is, the insurance company's deposit, they must pay normal bank interest, and this interest will be paid for three years, and the principal can be repaid after three years!

To put it simply, the Western Insurance Company, that is, Mr. Jackson and others, opened a corporate account with the Southern Commercial Bank, and deposited 50 million yuan lent to them by the Southern Commercial Bank for the purpose of serving as a guarantee for the insurance company. In the middle of this, the Southern Commercial Bank and the Western Insurance Company signed a loan contract with a different kind of loan, and the Southern Commercial Bank used 50 million yuan in cash as a special fund without collateral, that is, the industry margin of the Western Insurance Company to lend to the Western Insurance Company.

Because there is no collateral, for the sake of the safety of funds, the Southern Commercial Bank requires the western insurance company to ensure and sign a contract for the special use of funds, and in the supplementary terms, the loan of 50 million yuan must be deposited in the Southern Commercial Bank, and at the same time, in order to avoid risks, the claim submitted by the western insurance company can only be disbursed after confirmation by the Southern Commercial Bank, so as to prevent insurance fraud and arbitrage.

If the western insurance company loses its business ability and loses its qualification to provide insurance services for any reason, the loan of 50 million yuan will be executed at the normal loan interest rate for three years!

From a business point of view, although the Southern Commercial Bank is very strong in this series of contractual agreements, they are not wrong. There is no collateral, there is no specific thing to resist the risk, and they have a very good conscience to do so, which can be called a business model.

But then there are a series of problems, the most prominent is that the three insurance companies cross-hold each other, according to the requirements of the NCB and the Imperial Central Bank, the three companies exchange shares according to the market value, to a certain extent, this is very good news for Jackson and other retail investors who huddle together to keep warm, this is like a group of poor people who used the bricks they picked up on the side of the road to build a three-story broken house, and now they use the two floors of this broken house to exchange two rooms in the two skyscrapers next door, and they have made money anyway.

But is that actually the case?

Of course not, playing the capital game with banks and bankers is not a simple matter, and the reason why Mr. Jackson and others are willing to sign the previous contractual agreements that are not equal and obviously put themselves at a disadvantage is because the two major banks have come up with cross-shareholding as a temptation.

They can completely turn into shareholders of the insurance business companies of the two major banks, and complete a gorgeous transformation, they have nothing to lose, as long as the two major banks are really willing to sign, it is equivalent to their earnings.

But the next two major operations made them realize that from the beginning to the end, the two major banks did not consider them as partners, maybe their one-time handy tool is more suitable!

According to the previously agreed market value - according to the idea of Mr. Jack and others, each of the three companies has a deposit of 50 million, although the three companies have been registered, but so far there are no other assets, it can be said that the current market value of the three companies is equal.

They are too high of the banker's conscience and protection of face, and they underestimate the ambitions and means of these people. Later, both Bellito and Taylor came up with a new document, and the two major banks "coincidentally" borrowed 150 million yuan in cash from the two insurance companies unconditionally and without interest, and the margin of the two insurance companies rose directly from 50 million to 200 million! In other words, the total assets of the western insurance companies at this time were only 25 percent of those of either of them!

In accordance with the requirement of "equivalence" of cross-shareholding between the two sides, the Southern Commercial Insurance Company and the Imperial Insurance Company each took out 15 percent of the shares as the proportion of cross-shareholdings, of which 7.5 percent was part of the shares exchanged between the Southern Commercial Insurance Company and the Imperial Insurance Company, and the other part, that is, 7.5 percent of the shares of each of the two companies, would be replaced by 30 percent of the shares of the Western Insurance Company, that is to say, 60 percent of the shares of the Western Insurance Company would be held by the two major banks.

It only took ten minutes for the Western Insurance Company to become a puppet of the two major banks, and they also took on a heavy loan, and what made Mr. Jackson even more dissatisfied was that because they themselves were retail investors united, even if only 40 percent of the shares remained, they were not owned by one person, but by seven people, and each person was allocated a number of shares ranging from 3 percent to 8 percent.

This...... Why is it different from what we think?

But at this time, a large number of pre-contract documents have been signed, and it is too late for them to reverse it, not to mention those terms and punishment systems that involve breach of contract, only 50 million is enough for these seven successful businessmen who dream of making a fortune with cold hands and feet. Coupled with the fact that the opinions of these seven people could no longer be unanimous, there must have been a tendency to cling to the two major banks, and the two major banks leaving to say that the banks were optimistic that the insurance business would continue to inject capital, and Mr. Jack had realized that in this game, not only would he not get his share, but he would also have to bear a huge amount of debt.

This made him directly make the final decision, completely leaning towards Doolin and cooperating with Doolin to seek self-preservation.

If the two major banks continue to inject capital to dilute their shares, Mr. Jack and his "friends" have only two ways to go, either they will continue to follow the capital injection to ensure that the shares of the insurance companies of the two major banks in their hands will not be diluted to the extent that they are not even shareholders because of the continuous capital injection, or they will sit back and watch the two major banks continue to inject capital, and the proportion of shares in their hands will continue to shrink, and it is very likely that it will only be 0.0 percent to 0.0 percent in the end!

From the point of view of the commercial economy at this time, Mr. Jackson's fortune did not shrink, because one percent of a million is ten thousand, and one thousandth of ten million is still ten thousand. But when the equity is diluted, they have no say, and at the same time, with the capital of the two major banks, it is easy to break their cash flow, force them to go out of business, and then reclaim this part of the equity from them at a very low price.

This is a very normal capital gameplay, if everything is true and so fair, there is no such thing as a big fish eating a small fish, and everyone will not be happy with competition for a long time. It is precisely because there are many reasonable and unreasonable means that some people can buy the gold in the hands of others as stones, so that there is a prosperous economic market and financial circle.