Chapter 1857

Therefore, on September 21, 2008, Morgan bank and Goldman Sachs bank announced that they had obtained the permission of the Federal Reserve, changed from an investment bank to a commercial bank, and can directly absorb deposits from the society. Please deposit your money directly in my bank and use it to fill the hole of the subprime mortgage crisis!!!

This thing sounds very mysterious, because the explosion from Morgan bank will also be affected by the subprime mortgage crisis. Less than half a month has passed since the transformation of the nature of the bank.

In this half month, the two banks actually completed the most difficult procedure in the history, that is, from an investment bank to a commercial bank.

This requires numerous complicated procedures, the permission of dozens of relevant departments in the United States, and finally the nod of the commander and the approval of the parliament.

Normally, such a cumbersome process cannot be completed in two or three years, and this is the rhythm that God bless everyone to give you the green light. If one or two of them disagree, it is impossible.

However, it took only half a month for the two banks to settle, but the problem is that even if they change from investment banks to commercial banks, it is impossible to absorb $800 billion in deposits in a short time.

After all, now the American people have been scared silly by the news of the collapse of various large banks. They instinctively grasp the small money in their hands and want them to deposit it in a bank that has exposed a debt of $800 billion. It is also impossible to think so.

Fortunately, rext Morgan also knows this, so he never expected to absorb $800 billion in deposits from ordinary people. Deposits naturally have other sources, and they are fast.

On September 23, it was only two days since Morgan bank was transformed into a commercial bank. The US Ministry of Finance announced that it would deposit part of its budget in Morgan bank. In order to ensure the safety of funds, it dispersed funds in various banks to avoid being affected by one bank.

So Morgan bank directly obtained a huge deposit of US $900 billion from the Ministry of finance. Overnight, all the capital problems of Morgan bank were solved, and the Ministry of Finance seemed to forget the problem of US $900 billion. Until more than a decade later, it did not mean to withdraw US $900 billion.

Well, anyway, the budget of the Ministry of finance has always been a paste. Even the Minister of finance can't figure it out... Or the Minister of finance is the most confused person in the Ministry of finance.

After all, the Minister of finance is one of the cabinet members, and the replacement speed of cabinet members is faster than that of the president. Almost every American commander has to replace the Minister of finance two or three times, and the average working time of each minister of finance is less than two years.

Do you expect a finance minister who was born by election and has nothing to do with mathematics to sort out the complex financial relationship and find out all the capital problems of the finance department in two years? Is it possible?

Even if there is a talent to do this, the two-year period has come, and they basically have to move their nest and change a career, so those who know the finance department best are actually the civil servants in the finance department.

According to the American civil service system, these people basically stay in the finance department all their life. They are the people who know all the funds of the finance department, and these people are friends of the Morgan consortium, or they are directly sent by the Morgan consortium. This is why Morgan bank can quickly get a deposit of US $900 billion.

"I actually want to fight these monsters in the United States. I'm really a madman!" boss Jia, who came back from the disaster area and almost turned his body into bronze, praised the latest news in the United States.

Seeing that Rex Morgan turned his hand into a cloud and covered his hand with rain, he got $900 billion in funds in a few words, and it was fully in line with American laws and regulations without any legal risks. At the same time, the whole American government cooperated with each other. It seemed that when Rex Morgan was their father, boss Jia couldn't help but sigh whether he was stupid, You want to fight Rex Morgan in the United States.

After all, I have to work hard to make money, but rext Morgan's family can transport money directly from the money printing factory. In addition to the lack of the central bank's cash issuing power, Morgan bank is really no different from the central bank.

In fact, if we take into account the countless eyes of the central bank, Morgan bank, which can obtain deposits directly from the Ministry of finance, is much better than the Central Bank of the United States.

"But in this way, our power exchange station can always be built at ease!" sighed he watermelon, who was also dressed in bronze.

"Yes!" boss Jia smiled and nodded. "God still cares for us very much. Rext Morgan's trouble is not over yet. They should not care for us for the time being!"

The trouble of rext Morgan is indeed not over. Although the crisis of Morgan bank has been lifted, a bigger crisis has come. General Motors, Ford and Chrysler announced almost at the same time that the government must save us, otherwise we will go bankrupt.

These three automobile enterprises are the leading enterprises in the American automobile industry. They account for 80% of the American automobile industry and are also the three mountains of Detroit.

In the Fortune Global 500 compiled by Fortune magazine, these three companies have never fallen from the top 10 before, but in the blink of an eye, these three companies announced that they were going bankrupt. What the hell is this?

The answer is very simple, because the bank dunned.

In fact, the three auto companies have long been insolvent. Because of the bloated corporate structure and declining market share, the three auto companies of General Motors almost live on bank loans.

If there were no bank loans, they would have gone bankrupt as early as 10 years ago. It was only through the blood transfusion of various investment banks and commercial banks that they survived.

However, this is also normal. Most domestic enterprises in China also rely on various loans to survive. The more it involves the physical industry, the more so. That is, Daqian and apple can make the company's cash too much to find financial channels.

In fact, the American government is well aware of this. Considering that there are millions of employees under the three major automobile enterprises, if the three enterprises fail, the United States will fall into a state of collapse. Therefore, these loans have been instructed by the American government to let the banks ignore the repayment ability of the three companies and just give money. If something happens, the government will take care of it.

This has further made the three major automobile enterprises arrogant. Anyway, the government knows the bottom, and there is no problem how I like to waste money. For example, the giant crystal chandelier on the hall of GM's building, which is known to be worth $300 million, is installed triumphantly when GM loses more than $10 billion a year.

As for whether this crystal chandelier is $300 million, or $3 million, or even $300000, God knows.