In the conference room of Free City Investments, Andy listened to the results of the group of traders and the next target they chose.

This kind of workshop has long been a daily necessity here, and it is the best way to keep them in competition with each other, to keep the pressure on, and of course, more importantly, to eliminate high-risk speculative targets from the quarrel.

"I still have that view, whether it's Citibank or Wells Fargo's current stock price is not low, and there is no big BO movement, the time is not right to short them... ”

Citibank lost $9.83 billion in the fourth quarter of last year, and it urgently raised $12.5 billion through public offerings and private placements to fill the hole.

The financial report for the first quarter of this year can be imagined to be the result of huge losses, and although the stock market is stable now, you and I both know that this is just a shock consolidation under unknown circumstances.

Look at the trading volume, it's pitiful, as long as there is a signal in the market, there will be a stampede, which will cause greater panic, the time you said is coming, the problem is that people all over the world know that the time has come!"

"You see, that's Citibank! Do you think the government is going to let it go bankrupt? The Fed is going to help them... ”

Badstone, who had been reading the information, raised his head and said with a serious expression: "At present, it is not the best time to short Citigroup and Wells Fargo, there is no related event, if we are short, we will directly face those hedge funds, the gains outweigh the losses, wait until the second round of bank failures starts, and then we will start to work." ”

Andy leaned back in the boss's chair in the main seat, he didn't speak from the beginning of the meeting, and after hearing Badstone's decision, he nodded slightly, and then said with a smile: "Actually, you can start planning." ”

The big boss's words lifted the spirits of everyone in the conference room, but they knew that the big boss would never be untargeted, and they also knew that a new feast might begin.

It is in the past few days that the U.S. federal banking regulator will announce a new category of national bank licenses, known as "pending licenses".

This is the OCC's conditional preliminary approval for investors to obtain a business concession from Kookmin Bank, and is intended for the relevant investment group to be able to carry out mergers and acquisitions of "distressed institutions".

The OCC is implementing this initiative to expand the acquisition of distressed banks by potential buyers and to make it easier for investors to make new equity investments in distressed thrifts. ”

Wow –

There was an uproar in the conference room, this kind of clause was completely an endorsement of the private acquisition of the National Bank, which was simply the beginning of a new gluttonous feast, and everyone was a little dumbfounded.

That's right, that means that the U.S. banking industry will go through a round of consolidation of the market structure, and the concentration and monopoly of the banking industry will further increase.

A new wave of bank bankruptcies will soon come, and the Federal Deposit Insurance Corporation will act as receivers of failed banks.

Historically, when the FDIC takes over "troubled banks," it usually seeks bidding from banking financial institutions such as commercial banks or savings and loan institutions before a bank closes, and other institutions such as private equity investors are not able to participate.

This new rule allows potential non-bank acquirers to apply from the OCC for a conditional "pending licence" that applies only to the National Bank, which is "inactive" after it has been issued.

Once these acquirers bid for the auctioned banks from the FDIC, they can formally activate the National Bank's license and acquire the assets of the receiver banks from the FDIC and assume the liabilities under the deposits. ”

Andy smiled lightly and explained to everyone a little, looking at everyone's incredulous expressions, he was also full of emotion in his heart.

Hamilton told him that this was the legal support Paulson was looking for to get him the bank he wanted. Andy, of course, didn't believe that Paulson was just for him, and to put it bluntly, Paulson had created another door for the cruising sharks, so that they could recklessly complete the reintegration and merger of the banking industry.

The United States is a country with a rule of law, in order to prevent future economic crisis investigation agencies from turning over old accounts, all large-scale acquisitions must be carried out within the framework permitted by law, and private acquisitions of National Bank are not allowed, but now with the license to be activated, Andy can get the bank he needs smoothly and legally.

Hehe,It's very familiar, right?That's right,To put it bluntly, it's a legal resale of the assets that Guo has after being taken over。。。

Andy took Badstone to the Gaia Company on the upper floor, and the busy atmosphere of the entire Gaia Company became more and more intense, and everyone was walking at trot speed.

"Hello boss... ”

"Boss. ”

Along the way, Andy smiled and nodded to his subordinates who walked briskly past him to greet him.

"Boss, is this a new project?" said Badstone, looking at the busy and tense office hall, where everyone was looking through stacks of materials, and some were shouting to report the numbers, and the papers in their hands were handed to others.

"Well, the finances of Miami Valley Bank, Douglas National Bank of Missouri, Hume Bank of Missouri, which they went bankrupt before liquidating and accounting, I've got a pending license from the OCC, and when they announce it, we're going to take over these three banks, free of charge, just need to take on the debt. ”

Andy turned his head to look at Badstone with a big smile on his face and explained to him, looking at the strange expression on Badstone's face, he couldn't help but chuckle.

In the office, Andy was somewhat leisurely holding a fragrant cup of coffee, listening to what Al had reported to him.

"The Miami Valley Bank went bankrupt in October last year, with total assets of 254 million and savings of 230 million.

Douglas National Bank of Missouri, with $58.5 million in assets, was the first bank to be killed by the run nightmare when it went bankrupt in January of this year.

The Missouri Hume Bank has only $18.7 million left in its current assets, but it has it... 600 mortgaged properties to be auctioned. ”

"Poof—"

Andy almost squirted the coffee in his mouth, took a tissue from the side and wiped the corners of his mouth, and asked with a smile, "How many mortgaged properties does the Miami Valley Bank have now?"

"800 buildings... ”

"Hehe... Andy shook his head with a wry smile on his face, and complained: "Shet, I'm going to become a big real estate developer!"

Al and Bad Stone couldn't hold back their laughter, hehe laughed out loud, but the laughter quickly stopped, and they couldn't help but sigh lightly, don't look at just some numbers, in fact, this also means that at least 1,400 families or individuals are unemployed and bankrupt.

"Speed up the cleanup, contact the original management of these banks as soon as possible, ask them to reconvene some of the outstanding employees who are unemployed at home, and wait until we complete the takeover procedures, let this group of people check the situation of all the mortgaged properties for me, and definitely not let these properties become haunted houses, homeless homes!"

Andy thought of the jokes that he could buy a villa in the United States for $1 in his previous life, and his face couldn't help but change slightly, the abandoned detached house, the whole community has become a paradise for the homeless, not to mention selling it again, it is for nothing, and no one will live in a community full of homeless people, Nima, that is simply playing with life!

He is still counting on turning these properties that have even half of the original price into treasures, thinking of the group of real estate speculators who bought houses with cash in the Celestial Empire, Andy's heart also became hot!

However, if you want to attract this group of people to pay money, you must at least ensure the integrity of these properties and the security environment of the community, otherwise, no matter how good the house is, the local tyrants will not take a second look, it seems that when you see Li Xiaoying this time, you have to ask her real estate agency if the investment implementation has not been implemented!

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