Chapter 1326 Hunting the Chicago Consortium (2 Chapters in 1)

The latest website: Richard Kimmelon guessed right, this matter was planned and executed by Xia Yu from the beginning to the end.

And Joseph Chretien himself knew it and agreed.

Even though Joseph Chretien also wanted to participate in the general election at the beginning, he actually knew very well that the probability of success was too low.

Anyway, as long as you participate in the election, even if you don't succeed, then at least you have exposure and more experience. These things are the foundation of the next general election.

After the campaign's general manager, Barlow Pierce, told him the proposal privately, Joseph Chretien called Barlow Pierce a lunatic.

But after he calmed down, he thought of Ronald Reagan in the United States, who was also shot.

Although he was shot after the election, the American people's support for him soared after he was discharged from the hospital.

There is precedent here.

Therefore, under the desire for the position of Prime Minister of Canada, he agreed to fight, using bitter tactics, as long as he did not die, then he could soar into the sky.

Of course, it can also eliminate the risk of bank capital counterattack in advance.

He was "arranged" to be shot by his own people in advance, so no one dared to assassinate him again, because the consequence would be to be overwhelmed by the crazy Canadian people.

It's worth it to get a shot in exchange for a political future!

Joseph Chretien's operation was very successful, but he was only shot, and it was not a vital part, and the bullet was only a 0.22 caliber bullet, but he still needed to be recuperated in the hospital.

Although Joseph Chretien was unable to go to all parts of the country to give speeches, the topic of public opinion about him is increasing day by day, and his reputation is getting better and better and louder.

Not only the media controlled by Xia Yu behind the scenes are constantly reporting positively, but even other media are constantly reporting for hot spots.

At the same time, the media continued to fan the flames of the bank capitalists and the Progressive Conservatives.

The progressive Conservative Party and Martin Bryan's reputation has continued to decline, and the polls have reversed rapidly.

certainly,

Even in the hospital, Joseph Chretien did not forget to put on a show, and the effect of the show was fantastic.

The consequence of the soaring fame of Joseph Chretien and the Liberal Party is that the financial order in Canada is collapsing more and more quickly, which is a real consequence of the government's loss of ability to manage and intervene in the financial order. The voices are getting louder.

This has forced shareholders of major banks to transfer assets desperately to reduce the losses of the banks being nationalized.

A vicious circle has formed.

Banks and financial companies other than the Big Six have also become victims.

They don't have to worry about the company being nationalized, but when international capital enters Canada, they become lambs to be slaughtered.

The currency market crashed, and the stock market began to crash.

As a last resort, Canadian domestic capital can only transfer funds to the last safe haven - the bond market.

According to the seesaw effect, when the stock market plummets, the bond market becomes prosperous, and the bond market is pushed to continue to soar.

It is destined for Canada to be harvested, but this requires a process and requires the market to squeeze all the benefits.

Just at this critical time.

The Chicago consortium's problems worsened.

All the core listed companies of the Chicago consortium have been maliciously shorted.

Among them are the hands of Xia Yu, as well as the shadow of other consortiums and financial institutions.

The source came from the Continental Illinois Bank at the center of the storm. On May 27, it just received a loan of $3.6 billion from the Reserve Bank of Chicago. This day was taken out.

Only eight days have passed since the crisis broke out!

The Continental Bank of Illinois lost $10.15 billion in funds!

More than a quarter of the bank's total assets!

And the rate of money drain has not slowed down.

Continental Bank of Illinois can only hope for a 30-day line of $4.5 billion from 16 banks.

But according to the current situation, 30 days will definitely not solve the problem. Once the 30-day period has passed, the loan of 4.5 billion US dollars will become a bad debt and another burden.

Therefore, many of the 16 designated banks have raised this concern.

The Federal Reserve, the Federal Insurance Company and the U.S. Office of the Inspectorate of Financial Institutions have all engaged in fierce squabbles, but no agreement has yet been reached.

It can only be implemented in accordance with the previously agreed decisions, forcing the designated 16 banks to borrow money and complete the assigned tasks as soon as possible.

That includes Wells Fargo, which needs to mobilize $300 million to lend to the Continental Bank of Illinois.

Wells Fargo President Yarman Simmons approved the money, but instead of making a payment right away, he called James McCormick, chairman and president of Continental Illinois Bank, and asked him to come out and meet noodle.

May 31st morning.

James McCormick hurried to an excellent western restaurant in downtown Chicago and met Arman Simmons.

His eyebrows were already burning, and James McCormick had no time to waste. As soon as he sat down, he asked straight to the point: "President Simmons, you said you have a way to help us, what is the way?"

Arman Simmons was not in a hurry, he said with an unhurried smile: "President McCormick, don't worry, let's order coffee first, don't let the waiter wait."

James McCormick's face changed slightly, he took a deep breath, and said directly to the waiter next to him, "Have a latte, thank you."

Yarman Simmons also ordered a cup of coffee, and the waiter left the box.

"Tell me, President Simmons, what's your purpose in looking for me?"

James McCormick asked again.

Arman Simmons said with a light smile: "Actually, I do intend to help you. Currently, the premise is whether you are willing to accept my help."

"Continental Illinois Bank's capital flow has basically been emptied, and the remaining assets are assets that cannot be handled in a short time, or assets that have become non-performing assets after the crisis broke out."

"We at Wells Fargo have the money, but how much you can take away from us depends on how much leverage you can put out I need."

James McCormick's heart sank, knowing that Arman Simmons was going to take advantage of the situation.

But he could only hold back his anger and asked, "President Simmons, just say it directly, which assets of our bank are you interested in?"

Arman Simmons smiled slightly and said, "It's not that we are interested in your assets, we just accepted the client's entrustment."

James McCormick sighed undeniably, he didn't believe what Arman Simmons said.

Of course, he doesn't have the heart to explore it now. He just wants to make money, frantically making money, to save the life of the Bank of Continental Illinois, and to extend the life of his McCormick family.

"What asset?"

Yarman Simmons said with a smile: "I remember that your company has a certain business relationship with Motorola, and also owns a part of the equity."

"We are willing to pay for this part of the equity and provide you with valuable funds."

These words sounded harsh to James McCormick, as if he were a homeless man being handed out.

However, the desire for funds suppressed his dissatisfaction: "Yes, our bank has a part of Motorola's equity, which totals 4.65%."

"I was responsible for this equity at the time."

"If you want, we can sell it to you, but in terms of price, how much are you prepared to pay?"

"$300 million!"

Yarman Simmons spit out a few words in a light voice.

But it made James McCormick's eyes widen and stare at Arman Simmons angrily and said:

"are you joking?"

"Of course not, I'm making a sincere offer."

Arman Simmons said with a serious look.

James McCormick said angrily: "Impossible, this is seriously not in line with the value of this equity, Motorola has just launched a mobile phone, even if I don't pay special attention, I know its market feedback is very good, Motorola The future of the company is infinitely bright, and even if you don’t, someone else will.”

Yarman Simmons responded calmly: "No one knows the future of Motorola. In history, many great companies have disappeared, and there is no shortage of Motorola."

"If you don't sell it to me now, you won't be able to sell it for $300 million later."

"Even if the Continental Illinois Bank fails, the assets will be liquidated."

"Even if it doesn't collapse, it is taken over by the Federal Insurance Company or the Federal Reserve, or it is acquired by J.P. Morgan Bank, let alone Motorola's equity, even the equity of other companies has nothing to do with you."

James McCormick was furious with Yarman Simmons, his chest rose and fell rapidly, and his eyes were fixed on Yarman Simmons, but the latter looked calm and unmoved at all.

Slowly, James McCormick's anger gradually dissipated, because Yarman Simmons was talking about very likely things, and he had deduced the results many times, and they were all about the same.

The best thing for him is to keep the Continental Illinois Bank.

Even if he couldn't keep it, he would have to get more money to delay the time, so that he would have more time to keep more assets for the McCormick family.

It's just that Motorola's market value has risen to $7.8 billion some time ago.

4.65% of the shares, according to market value, must be worth more than 360 million US dollars.

Yarman Simmons offers $300 million, what is not robbery?

"$300 million is impossible, at least $500 million."

James McCormick said firmly.

"Tuk Tuk!"

"Sir, your coffee is ready."

Just then, there was a knock on the door, and the voice of the waiter came from outside the door.

Negotiations, which were almost quarrelsome, were suddenly interrupted.

"Please come in!"

Yarman Simmons said to the door, and then the waiter pushed the car in and brought the two cups of coffee on top to the two of them: "Please take it slow."

"Thanks for your hard work."

Yarman Simmons said with a smile, then gave the waiter a $50 tip, and the waiter exited the box with a surprised smile.

"President McCormick, you might as well take a sip of coffee to calm down."

"I've been very calm!"

James McCormick said coldly, but still gave some face, picked up the coffee, and took a brief sip.

His favorite coffee in the past is now tasteless.

After putting down the cup, he still maintained his original attitude: "I still have that attitude, at least $500 million."

"President McConick, I don't think we'll be friends."

"By the way, we will comply with the decisions made by the Federal Reserve, the Federal Insurance Company and the Financial Institutions Prosecutor's Office, as well as the assigned tasks, but we still need a certain amount of time to raise the $300 million in credit funds."

After Yarman Sears finished speaking, he got up and prepared to go out.

James McCormick's face darkened instantly, until Yarman Simmons was about to walk to the door, he finally lowered his head and stopped Yarman Simmons: "Wait!"

"We can still talk."

The corner of Yarman Simmons' mouth, who was facing the box door, raised a slight arc, then he converged, slowly turned around, and returned to his original position.

"I can sell you the equity at market value par, but your $300 million loan must be credited to our bank account today."

Arman Simmons said unhurriedly: "It is also possible to calculate the value according to the market value, but I have another requirement, of course, this requirement is also beneficial to you."

James McCormick's face goes black, it's good for you to fuck up, that's not going to be believed unless he's out of his mind.

But if he wanted to ask others, he had to whisper:

"Please say."

"I want to buy a 13.8% stake in Northern Trust Banking Corporation."

Yarman Simmons throws another hunting target.

Northern Trust Bank, one of the four major banks of the Chicago consortium, is currently in charge of the Crown family. Although the bank is only the last of the four major banks, it is a real large bank.

Continental Bank of Illinois actually holds a 13.8% stake in Northern Trust.

Of course, Northern Trust Bank is also in crisis. This bank has also fallen into the deep pit of South American sovereign debt. This time, it was implicated by the mainland Illinois Bank, and a run on the bank also broke out. The capital chain is very tight, and there are bankruptcy and bankruptcy. risks of.

Last year, Northern Trust's net profit was only $21 million, which pales in comparison to its bank assets of more than $28 billion.

However, it is undeniable that this is a large bank with assets of more than 28 billion US dollars. Although there is a crisis now, some of its assets have become non-performing assets.

only……

If the 13.8% stake in Northern Trust Bank is sold, the problem will be big...

PS: I’m too busy today. It’s already past nine o’clock after I’m done. I went to see a doctor before I hurried back to code. Tonight is the two-in-one chapter. Good night.