Chapter 571 The Bank of the Foot Basin Is Over

After a long time, Li Jianxi felt that he saw William White clearly. He was a little regretful, the four-star actually had little conflict with the White system. That arrogant American guy is just a little bit more controlling.

Look at the current foot basin people. Although they have been suppressed all the time, they still make a lot of money. The gross profit margins of several game manufacturers who have been OEMs for him are even higher than his.

From the looks of it, it's not just their four-star group. Smecta must improve relations with the United States. In his opinion, those orders thrown to Baodao should be their four-star orders.

It's just that an OEM who keeps its own place is not what they need. To become a company like Suomi is what he pursues.

It has to be said that the development of Four Star is just on the pulse of the times. Today's foot basin has no energy to care about Smecta. After the stock market plummeted, the housing market also began to fall. Although there is not such a big drop, cashing out has become very difficult.

The banks were shocked three times a day. At first they were unwilling to lend money to the property market, but now they are better, and they don't intend to lend any money.

Some people say that where you live, it doesn't matter if the price rises or falls. Doesn't seem to matter?

Hehe, maybe the Celestial Dynasty doesn't matter. If you only have one house, the bank can't even kick you out.

Home ownership is an important part of social stability.

The foot basin is no good. In fact, everyone's system is different. There is no comparison at all. From this perspective, Tianchao Bank seems to be more humane.

As the value of the collateral shrinks, you need to increase the collateral. That is to say, even if the property price drops by only 20%, you will be in big trouble.

It was better to buy in the past few years. As long as you don’t continue to increase your borrowings, you can still maintain the current situation. If you bought it last year, don't say anything, just declare bankruptcy! The further you drag back, the bigger the trouble.

"Boss, following the rejection of loans and mortgages by William White's banks, all the banks in the foot basin have also tightened their credit. Our office buildings there, there is no way to cash out in the short term. If the price drops again..."

"Oh, I'm in trouble this time. By the way, how about Rockefeller?"

When people are unlucky, they always hope to see more unlucky. After Petcares took over the Morgan Stanley, the first thing he had to face was the mess left by his predecessor.

"Boss, they are having a hard time. The money from the sale of Rockefeller Center has almost been consumed. If the money is burned out, they may continue to sell assets."

"Hehe, isn't William White going to buy the oil industry? In today's world, there are not many people with more money than him."

"Boss, he seems to be very afraid of Rockefeller's property. Not to mention the acquisition, it doesn't mean to inquire about the price. I heard that they are negotiating with the foot basin. If the negotiation is successful, Rockefeller Center may become White center."

"Ha, this guy, is this just for face punching?"

"It means that the other 20% of the shares are not easy to buy, otherwise, hehe."

The two gloating guys actually thought too much, how could William White make a move now. There are many banks with unlucky feet, and those with relatively strong foundations have no problems for the time being.

Of course, if the wave of failures of small and medium banks expands. Big banks and conglomerates will follow suit.

"Boss, this time, the bank in the foot basin may be in trouble."

"Hey, why is this happening? Although the stock has fallen quite badly, it has little to do with the bank, right?"

"Bosses, their financial statements and loan contracts, there is a big problem. I suspect that they don't have that much reserve at all."

"Ahem..." William White had a constipated expression on his face. In his impression, the foot basin man was still very serious and rigorous. It's not surprising that people on Wall Street do this. Another profession of these guys is a liar.

"It's not so outrageous, is it? Damn it, I hope they have a deposit guarantee." Looking at the expression on Felson's face, William White knew that all of this might be true.

"A more conservative estimate is that at least 20% of the banks will have problems. The savings rate of the foot basin is still relatively high. Once a run occurs, I am afraid there will be big trouble."

"Hehe, what do those bricks say? It will ease up at the end of the year. Now it's the end of the year, why do I feel that it's getting worse and worse?"

Felson would like to say that many of those so-called brick-and-mortars have Rockefeller backgrounds. Their boss has become a landlord by speculating on real estate speculation, and the group of people who eat nothing under him will of course have to speak for the boss.

"Oh, unfortunately, their financial system is too closed. At this time, the acquisition of the bank of the foot basin is simply a free gift."

Seeing his boss making complaints, Filson didn't know what to say.

The bank that bought the foot basin?

No kidding, the biggest landlords are these banks. If the boss really did this, he would definitely be laughed at by those bosses.

The people who eat melons may not understand, and there are several consortiums who don't understand. In today's property market, there is no transaction volume at all. When those banks can't hold on, property prices will naturally avalanche.

The wonderful foot basin can be said to be withered now. The most speechless thing is that several industries of William White have not been greatly impacted.

Disneyland is still overcrowded, and Comic Weekly is also very popular. Sales of game consoles have declined, but not too badly.

The foot basin people checked, except for those export companies. The only good industry is their action movies.

There are only a few tossed and turned in West Hollywood, but the foot basin is very different. The number of employees is simply outrageous.

According to surveys by authoritative organizations, the number of people who apply for membership in the age group of 18 to 22 accounts for almost one-seventh. That is to say, if you work as a scout on the street, one out of seven people will be willing to go to sea.

This is an unimaginable number, and the funniest thing is that the salary is not very high. Of course, the more famous teachers have slightly higher incomes, but they are also very limited.

In this world, no one has ever done such a wretched thing so professionally. Really, depending on the script, there's a base charge. Then, according to the actual difficulty, there will be different degrees of increase.

Well, forget about those more normal ways. This is not the domain of art.

The figure of one seventh is just an average. In today's economic situation, think about it yourself.

It is better to take the initiative to burst the real estate bubble, or to slowly depreciate the currency. Later generations have the correct answer to this question. Of course, there is a principle here, you can't raise too much at once.

When the monthly income is 3,000, a house of 5,001 square meters is too expensive. Feels lathery. When your monthly income is 10,000, the house will cost 50,000. I think, apart from wanting to cry but have no tears, I have no other thoughts.

Well, I have to beat up the brick family who urged you not to buy a house.

Nima, I have worked hard to save money for more than ten years. You suddenly find that safety cannot keep up with the increase in housing prices.

Well, you calculated carefully again. With the money in the bank, it is not worthwhile to buy a house. Even if the rate of return is only 5% per year, the money is enough to rent a house.

What will happen next, huh, huh, that is only God knows.