Chapter 1029 Panic Maker
Time flies too fast, passing inadvertently, which makes people feel overwhelmed.
On April 16, IndyMac, located in Pasadena, California, is one of the largest savings and loan banks in the United States, with total assets of about 32 billion U.S. dollars. Senator Charles Schumer of New York wrote to the banking regulator to discuss whether IndyMac could survive. After the letter was made public, there was a wave of small-scale runs on the bank. . .
At the same time, it was confirmed that the bank was being investigated by the FBI for alleged fraud on the subprime mortgage issue.
"According to expert analysis, IndyMac's financial situation has been in doubt. The bank has issued loans to people with unknown income and assets, and resold a large number of such loans to financial institutions. The subprime mortgage and housing market crisis has intensified this year, and home loan payments have been deferred. The rate of increase has caused IndyMac's book assets to shrink severely..."
Wall Street, Gaia's office with a sci-fi decoration style, Andy stands in front of the floor-to-ceiling windows, with a neither sad nor happy expression on his face, overlooking the slightly deserted street, behind him is the TV of the AMC cable news channel Reported, I don't know what I was thinking.
New York in the spring is warm and cold. This also seems to be the epitome of Wall Street's financial industry. In recent months, major investment banks and financial companies and banks have been laying off employees one after another. The financial positions of the "sweet pastry" were once again precarious in the wind and rain.
Boom——
Andy squinted his eyes and looked back at the door of the office. He saw the little assistant who pushed the door and Alvitley behind him. He turned and walked back to the desk, sat on the boss chair, and gestured to Al. "Sit down, tell Tori what to drink."
"Thank you, coffee." After Al sat down, he turned his head and smiled and said to the OL standing beside him in a skirt.
"Since the content of the report letter was exposed on the 16th, IndyMac has been withdrawn by panicked customers for more than 300 million US dollars in three days. This number will continue to rise with the reports and various adverse news in the past few days.
If the US Federal Deposit Insurance Corporation (FDIC) does not want to see IndyMac Bank being run on and bankrupt, it will take over IndyMac Bank in a week at the latest.
At present, IndyMac Bank has begun to save itself, they will lay off half of their staff and stop most of the mortgage business. "
Hearing Al's report, Andy just nodded, smiled self-deprecatingly and said: "Three days ago Paulson yelled at me on the phone, saying that the bank has about 7 trillion deposits in the United States, of which About 37% of deposits are not protected by federal deposit insurance. If the bank fails, it will bring huge disaster.
Make him act like the IndyMac bank is down because of me,
It is really a pity to make random accusations against the Minister of Finance. "
Al heard the boss push two five six, the corners of his mouth twitched slightly, coughed lightly and continued: "Affected by this, Citibank will lay off 2,000 more employees in its transaction and investment banking department. Since last October , Citigroup's market value has shrunk by nearly half. This year, its stock price has fallen by 24%. "
Andy rubbed his chin, with a slight smile on his lips, raised his eyes and looked at Al and said, "Chain reaction."
Al nodded and said, "Currently, the financial market has returned to a state of turmoil, and the silence of the previous month has been completely broken. Perhaps this is the main reason for Treasury Secretary Paulson's anger."
Andy curled his lips and smiled disapprovingly, "We have got the photo to be activated, so we need to activate it as soon as possible. The three banks of Miami Valley Bank, Douglas National Bank of Missouri, and Hume Bank of Missouri are too big. Small, I need a large bank to be the main body, time is not waiting for anyone. Even if it is a bit brutal this time, but the goal is achieved.”
"Well, most of the management of these three banks have been called back. I heard that many people cried when they received the call."
"According to the plan, before IndyMac Bank is acquired, the above three banks will still be closed. The main task is to inventory and straighten out their respective assets. After the acquisition of IndyMac Bank is completed, it will be merged into a new bank."
Al nodded, expressing his understanding, and asked with a smile, "Boss, will you attend the reception tonight?"
"Well, the Fed still has to give it face. After all, we still have to borrow money from them. Of course, they want me to take the money out. They think too much. The auction can mortgage the national debt, and the real Nima will make a name for it." Andy sneered a little said sarcastically.
"Where I am at the Northridge branch of IndyMac, you can see the long line behind me, all waiting to withdraw cash from the bank, angry people complaining. In order to control the chaos, even There were scenes of police maintaining order. So far, there have been no arrests or injuries..."
On-the-spot reports were broadcast on the TV in the office, and Andy just smiled slightly, and Al also looked back, then got up and said goodbye to Andy and left.
"Honey, help me choose a pair of shoes..." Ivana put her face in front of the vanity mirror, brushed her eyelashes carefully, and shouted loudly to Andy who was still in the cloakroom.
"How about this pair?" Andy, who was dressed in a black slim-fit suit, picked up the two shoes with two fingers, and asked after shaking them in the mirror twice.
"Okay, just this pair, how about it?" Ivana put away the mascara brushes, stood up straight, and asked Andy, posing in front of Andy with a sweet smile.
A group of all black dresses wrapped her tight figure. The slightly trimmed blond hair is naturally scattered on the shoulders, the exquisite makeup is graceful and graceful. The pair of pearl earrings on her ears showed her charming temperament very well.
"It's charming!" Andy smiled and put the shoes on the carpet.
Ivana smiled and kissed Andy on the face. After putting on her shoes, she grabbed Andy and said with a smile, "Don't worry, let's take a group photo first!"
As he spoke, he picked up the phone from the dressing table, turned it at a 15-degree angle to the flat side, turned his head and reached out to put Andy's face closer to his own cheek. After taking a few snaps, he lowered his head and began to fine-tune the photos, smiling coquettishly. After showing Andy the photo, he added a text and updated his Instagram profile.
"Okay...hehe, my dear, your app is simply amazing. Many people are taking pictures and sharing all the time now, especially the like function, which is unparalleled!"
Ivana put her arms around Andy's neck, and praised with joy, Lie Yanhong Chun kissed Andy's mouth.
Andy, who installed 13, raised his eyebrows indifferently, shrugged his shoulders and said: "We still need to continue to promote, there are only 30 million active users at present, when it reaches more than 100 million, it will be considered a success. I don’t want people to just think of it as a camera app, the social platform is its focus.”
"Heck, you're really greedy. It's a miracle that a new social platform develops so fast. I heard that Facebook's Zuckerberg is quite depressed about this. There are even rumors that he wants to acquire Instagram."
Andy curled his lips, showing a sneering smile, stretched out his finger and tapped the tip of Ivana's nose, "He's dreaming, I won't sell it, you know, in order for Instagram to kill Twitter, I've almost done it. If the people from the special company have been dug out, if Instagram does not grow strong enough, I will not throw this piece of cake out to collect money."
"You are the best!" Ivana smiled sweetly and kissed Andy on the face again, "Let's go, the reception time is almost here."
Tonight's reception was quite large, most of the guests present were Wall Street elites, investment banks, financial institutions, CEOs of various banks were all present, and some real crocodiles also appeared in it with some dignity.
Ivana with a devilish figure appeared in the reception with Andy in her arms, which immediately attracted everyone's attention. This pair of outstanding men and women seemed to be able to surprise the audience no matter where they appeared.
In addition to Ivana's angelic smiling face and amazing sexual curves, the most important thing is that Andy Smith is too dazzling.
Federal Reserve Bank Bernanke and Treasury Secretary Paulson were arguing with a group of Wall Street bankers. When they saw Andy and Ivana appear, they couldn't help but glance at each other, and they both saw a trace of evil in each other's eyes. haze.
To be honest, they really hate this young man, Andy Smith. It has nothing to do with personal likes and dislikes, let alone any personal grievances. The main reason is that this greedy young man is really a big trouble, a typical panic maker, in order to gain profits , Selfishness, easily leverage the entire market to destruction, don't care about other people's lives, what a bastard!