1853 Good-Hearted People Are Willing to Tell the Truth
While the Ministry of International Affairs and the exiled government of Ghafra were still lashing out at the pseudo-regime on Ghafra's island in front of reporters from all over the world, in another room, Lynch and the presidents of the six major banks were already sitting together.
"I calculated that there are about more than six billion in debt..."
Lynch asked Vera to hand over the document he had prepared to six other people. He had been working on this document for a long time and the data was very detailed.
If the fall of Gefra had the greatest impact on anyone, then it must be the Seven Great Banks!
The others were all minor problems, but the seven major banks took out the money in real money.
Now that the main island of Gafra has fallen, the Penteo government has formed a ridiculous defeated government to dismember Gafra.
A large number of assets are about to be transferred, which also means that more than 6 billion debts may not be paid!
This is not six million, sixty million, or six hundred million!
That’s six billion!
In the defeat compensation agreement signed by the defeated government of Gafra, the cash compensation was only 20 billion!
Others may be anxious about the fall of Gefra, because the fall of Gefra means that the world war has entered the next point.
But it's just anxiety, because in any case, I haven't had any actual entanglements with them that are related to my own interests.
Maybe there are some companies that trade with Gaevra that are a little hurt. They have lost part of their goods or part of their balance payment, and that's about it.
Only their seven major businesses suffered the heaviest losses.
The CEO of Jinhui Bank looked worried. He looked through the document for a while and then threw it back on the table.
"Our stock has plummeted today, and the board of directors is talking about these things. If we can't recover the losses, then there is a good chance that it will fall further, which will be a disaster for us!"
Money is made quickly in the financial industry, but lost even faster.
Some people may double their net worth in a few days, or even several times, but the reverse is also true.
A little bit of bad news caused Jinhui Bank's share price to plummet 11%, and there is a possibility of further decline.
Eleven percent means that in the past two or even three years, all their efforts have been in vain!
The presidents of other banks have also said that they are also experiencing such problems.
Previously, the federal government jointly provided the Gaevra government with a low-interest war loan of 5 billion from the seven major banks, and incidentally also supported a lot of military equipment.
These things cannot be produced for free, they all have to be bought with money.
Where does the money come from?
It comes from the seven elements.
Lynch's situation is better than theirs, because his 1.5 billion loan was ultimately used on his own family, that is, the aircraft and other related equipment.
If the money is not recovered, he loses slightly less.
The other six major banks are not so good, and they will lose more.
Coupled with the plummeting stock price, their losses may exceed 2 billion or more.
The Chairman of the Board of Directors of the Federal Reserve Bank, who was sitting second only to Lynch, looked at Lynch and said bluntly, "Tell us something that interests us. I know you invited us here and you must have some ideas."
Other presidents also nodded. If they could recover some losses, they would definitely be willing.
As the president of the bank or the chairman of the board of directors, they are not actually the real "decision makers". They need to be accountable to shareholders.
Such a large loss will definitely become the most fatal flaw during their tenure. If no measures are taken and effective in the short term, they are likely to leave their current position.
If we really reach this position, how many people can be so cruel as to take the blame and resign?
Not to mention that this huge setback was not their own decision, but a decision between the federal government and the board of directors. They are just innocent scapegoats!
The same goes for the chairman of the board of directors of the Federal Reserve Bank. They have suffered the most losses. Even the chairman of the board of directors cannot sustain such a huge loss!
They also tried changes before Lynch brought them together to sit down together, but mostly to no avail.
The reason is simple. With the fall of Gafra, each company's bad debts of more than one billion have already taken shape, which cannot be changed.
The only thing they can do is to find a way to prevent the stock from plummeting, and then seek to solve such a large debt in their hands.
But now these actual situations are disclosed directly through national news, which does not give them much time and means to deal with them.
Forget about people who don’t know much about finance. How can those who really know everything about finance not know what’s going to happen next?
One of the three major evaluation agencies of Bupen has already given the seven major banks a "clearance" rating, which has further caused the stock to fall.
The market is pessimistic about the ability of the seven major banks to handle the international war loan crisis. Finance itself is a reflection of people's confidence in a certain period of time in the future.
Now there is a lack of confidence and a general sell-off. For them, a stock market crash is about to take place.
Everyone in the room was looking at Lynch, who had a relaxed smile on his face.
He shrugged, "Actually, I don't have a good idea, but you know, I am a speculator."
"I like high-yield returns, and as long as the returns are high enough, I'm willing to take higher risks."
"I'll give you a choice that seems good to me..."
Everyone looked at Lin Qi with concentration.
"You have approximately 4.5 billion in debt related to Gaevra. I am willing to use 1 billion to acquire these debts..."
Before he finished speaking, someone shook his head and objected, "This is impossible, Mr. Lynch!"
"This price is too small. We can't explain it to the board of directors and shareholders, and they won't agree with us."
"If you are really willing to share some of it for us, I can make the decision to transfer these debts to you at the ratio of 300 million to 200 million."
The other presidents also nodded, and 300 million was converted into 200 million. The debt of 4.5 billion was roughly converted into about 3 billion.
This money will allow them to give an account to their shareholders and stop losses in a timely manner.
As for the loss part...
Under such circumstances, being able to return 66% is already a great achievement. No one can blame them in this regard.
The Chairman of the Board of Directors of the Federal Reserve Bank did not speak, but was thinking.
The question he was thinking about was how Lynch could get the money back!
As for speculation or gambling, he didn't believe it.
Everyone is involved in finance. If Lynch didn't have a certain degree of confidence, he wouldn't do this at all!
You know, he has done this before and made a lot of money relying on the war bonds issued by Gaevra.
Now that he is doing this again, people have to wonder whether he has got some information that no one knows, or has some special way to get the money back.
One billion, in exchange for a profit of more than three billion, which even the Federal Reserve Bank would be tempted by.
He didn't speak, just thought and observed quietly.
Lynch didn't have much emotion about other people's dissatisfaction, "Since everyone is not interested in my proposal, forget it."
"What I always pursue in business is equality and win-win, and I will not force others."
"Then forget it if everyone doesn't want to."
He smiled and closed his mouth, but others were not willing for him to "back off" like this.
There was nothing they could do, everyone was in despair, but now a ladder suddenly appeared, and they would not let this ladder go back under any circumstances.
"Mr. Lynch, you must also be considerate of our difficulties..."
Some people tried to play the tragedy card, but Lynch didn't accept it.
He raised his hand to stop the man from speaking, "I can understand you, but I also have my own difficulties, and I also suffered heavy losses."
"So let's not talk about these, they mean nothing to us."
After being lectured by Lynch, the man was neither ashamed nor angry.
Having reached their social class, they can be noble people who cannot tolerate a grain of sand in their eyes and are full of majesty and cannot be offended.
He can also be a person who has no skin and no face, and will do whatever it takes to achieve his goals.
Although the man no longer raised such an idea, he changed the subject and said, "How about this, Mr. Lynch, you must have some way to recover this loss."
"You can share these inside stories and information with us. The success rate of our seven major banks will be higher than if you act alone. What do you think?"
People from the six major banks are not fools. They also know that Lynch is willing to pay for their debts, so there must be a very likely way to get the money back!
Since the two parties can't reach an agreement on debt transfer, it's better to talk about cooperation!
The chairman of the Federal Reserve's board of directors stared at Lynch, watching his reaction.
Lynch didn't hide it, but he wouldn't say it directly.
"I want to take 30% of the benefits, cash, transfer first."
Thirty percent of 4.5 billion, 1.35 billion, this is not a small amount of money, and everyone was silent again.
Another person asked after a brief silence, "Mr. Lynch, isn't this the same as transferring the debt to you by converting 300 million to 200 million?"
Lynch shook his head and said, "No, I don't take any risks!"
In the end, there was no result from the discussion, which of course was within Lynch's expectation.
They are said to be the CEO of the bank, the chairman of the board of directors, and the big shot who can determine the development of the bank.
But at the end of the day, they are still workers.
They work for the shareholders, and if they do their job well, they are the president.
If they don't do their job well, they are derelict losers!
With such a large sum of money at stake, they would definitely have to go back to the board of directors and shareholders' meeting to negotiate.
At the same time, I also want to consider delaying it to see if there are any other turning points.
When Lynch saw them off, the Chairman of the Board of Directors of the Federal Reserve Bank came last. He shook hands with Lynch with a strange expression.
Lynch didn't think much about it, but within half an hour, the chairman of the board of directors of the Federal Reserve Bank called him, hoping to have a private chat with him.