Chapter 860

"So?"

Many officials regretted one after another. Even mojiazi did not let go of those poor people who borrowed money from India, while those with ulterior motives were regretful. If mojiazi could exempt those who failed to repay the loan, they would have the opportunity to bring down mojiacun bank again.

"If someone can't pay even the printing money with an annual interest rate of 6%, or even lose the principal, how can Mojia village urge the account? Do you want to force him to sell his children and women, pawn his wife, and ruin his family until he receives the printing money." Yu Zhining sneered.

His intentions are extremely vicious. Everyone knows that once he urges debts, he will inevitably face violence. Once the Mexican family bank urges debts violently, it must be a big scandal and his reputation will be ruined. Li Shimin's face suddenly sank. Merton married Princess Changle, which involves the reputation of the royal family. If Merton repeatedly broke rumors of forcing people to destroy their family, I'm afraid even he has a black face.

Merton shook his head and said, "the Mohists love all living beings. How can they do such things that violate the Mohist concept."

Li Shimin's face slowed down and said, "what will Mojia village do if the people are unable to repay the loan?"

Merton looked around and said solemnly, "Mo has long discussed this situation. First, when people apply for a loan, the bank will review his repayment ability and purpose. If it is a business that must lose money, the Mohists will naturally refuse the loan."

All officials nodded. The most successful business in the world is Mojia village. If even Mojia village thinks that this business is doomed to lose money, it will not lose money.

"Second, bank loans are not to exploit merchants, but to offset the interest on deposits. The annual interest rate of 6% a year is the lowest interest on borrowing money in the world. If the other party loses money, it can only be said that the other party's bad luck has nothing to do with Mohism."

Li Shimin could not help nodding. The interest rate of 6% a year is an unimaginable low interest rate in this era. If it is still a loss, it really can't blame others.

"Third, anyone who makes a loan in Mojia village must have a mortgage. If he fails to repay the loan at maturity, he will auction the mortgaged real estate and land properties to repay the loan. In this way, even if the money auctioned is not enough for the principal and interest, there is not much difference, and the borrower will not bear too much debt."

Mortgage is the biggest difference between banks and banks. If you want a loan, you must have a mortgage with very low interest. Although the printing money released by the bank does not need mortgage, the interest is very high. In the end, it is forced to sell fields and houses without money.

"If the other party loses too much, he will never repay the loan?" suddenly, an old voice suddenly said.

When all officials looked at it, it turned out that Wei Zheng personally questioned Merton. Yu Zhining was overjoyed. Even Wei Zheng personally questioned the Mohist family. The Mohist family must be doomed.

Merton raised his head and confidently met Wei Zheng's eyes and said, "if he really doesn't, he doesn't have to pay it back."

"Don't pay it back?" the officials were in an uproar. They didn't expect that the Mo family would give such an answer.

"Seriously?" Wei Zheng asked.

Merton nodded solemnly: "that's natural. If the borrower is insolvent or unable to repay the principal and interest, he can apply for bankruptcy."

"Bankrupt?" Wei Zheng frowned.

Merton explained: "The bankruptcy system is a kind of Mohist protection for creditors. When creditors are unable to repay the principal and interest and apply for bankruptcy, the bank will only liquidate the creditors' existing property. Even if it is not enough for the principal and interest of the loan, the bank will forgive its outstanding debts, not move the creditors and their relatives, but will leave them a certain living guarantee, so as not to let them go There is no way for him to start a new life. "

"Discharge its outstanding debts!"

"Real estate creditors and their relatives have nothing!"

"Leave a certain living guarantee!"

All the officials were stunned when they heard Merton's promise. No one thought that Merton should be so generous. Compared with the killing of the Ziqian family, the bankruptcy system of the Mohist family is a blessing.

Wei Zheng's eyes lit up and his mind changed: "what if the Mohists don't accept bankruptcy?"

Merton said proudly with a smile: "the Mohist school will hand over the examination of creditor bankruptcy to the legalist school for trial. As long as the legalist school recognizes it, the Mohist school will accept it unconditionally."

The crowd suddenly burst into an uproar. Then they knew that Mojia Zi was not joking. Although the Legalists now live in Mojia village, everyone knew that the Legalists could not obey the orders of the Mojia. Under the impartial review of the Legalists, I'm afraid it would be the greatest protection for the bankrupt.

"The noble Mo family did not disappoint me. If you do what you say, I will be the first to support you." Wei Zheng said with a smile, and the first to support the Mo family.

"Ah! That's money!" Yu Zhining was surprised and couldn't help looking at Wei Zheng. Wei Zheng has great influence among civil servants. If he supports Merton, I'm afraid many civil servants will turn against him.

"I've never heard of printing money with an annual interest rate of 6%, nor have I heard of printing money without blood. Banks receive printing money. People all over the world make profits and lend money to merchants. Merchants turn the crisis into safety and regain their vitality. No matter who runs the printing money, Wei will strongly support it." Wei Zheng shook his gray head with sonorous strength.

"What Wei Aiqing said is that I'm afraid bank loans can't be regarded as printing money." Li Shimin praised.

"Your Majesty is wise!" many officials echoed one after another. With such low interest rates and the protection of borrowers by the bankruptcy system, bank loans have been divorced from the world's understanding of print money.

"The old minister also supports mohou. The world has suffered for a long time, and the emergence of bank loans is the gospel of the people." Dai Zhou said. Ziqian family's release of printed money will only lead to crazy plunder, resulting in the bankruptcy of businesses. The loans of Mojia village bank help businesses come back from the dead this time. It is also of great benefit for the imperial court to collect business tax. Thanks to the rise of Mojia, the business tax has increased significantly in recent years, and even the imperial court can not be ignored.

"The old minister also supports Mo Hou!" Fang Xuanling also bowed.

"We also support mohou!"

Then the court leaders expressed their support for Merton, and many officials were unwilling. However, they knew that there was no way to return to heaven. After all, the reputation of the Ziqian family was too bad. Most court officials cherished their feathers. How can they defend the Ziqian family too much? Moreover, the readiness of the Mexican family was too sufficient. A bankruptcy system was enough to wash away everyone's criticism.