Chapter 1030

IndyMac's plight has heightened concerns about the U.S. banking industry among executives, regulators and consumers. After a long period of prosperity, the banking industry is facing more and more pressure.

In fact, since the outbreak of the subprime crisis, some banks and savings institutions in the United States have been struggling to cope with the growing number of non-performing loans. It is clear that some loan institutions are killing too much, which is bound to be more auspicious.

According to the analysis of the think tank, although the number of banks that failed in this financial crisis is not expected to exceed more than 800 during the great depression, it may take several years for the troubled financial institutions to solve the problem of non-performing loans and supplement the shortage of capital.

For now, consumer perceptions are changing as unrest intensifies. When the economy is good, they seldom consider the safety of their savings.

Rather than a rapid collapse of IndyMac caused by the exodus of depositors, the more likely scenario is what some bankers describe as a "hovering" slow motion, which will make the financial institutions that have been hit by credit problems worse.

To tell you the truth, in this period when he was walking on thin ice, Andy Smith, for his own sake, did not hesitate to hit the ice with a hammer, which would undoubtedly cause many people to fall into the water and drown. When he was busy with the financial crisis, Bernanke and Paulson, who were suffering from mental damage, could see Andy's eyes.

It's just that they know they don't have any evidence that Andy Smith caused IndyMac to "have a heart attack," even if there's evidence.

"Hey, Paulson, you shouldn't blame me. Really, even if there's no run now, they'll be overwhelmed by the credit crunch, the deepening of the real estate slump, the surge in foreclosure rates and many other factors."

The cold-blooded Bernanke and some black faced Paulson, as well as Andy Smith, who is smiling and drinking champagne in a leisurely glass, form a small circle in a corner of the party.

"But its collapse will be costly, and its $30.2 billion assets will be taken over. This will be the largest bank failure in the history of the United States, and the most expensive federal deposit insurance fund is likely to be spent, with an estimated loss of $12.7 billion

Paulson's cold face almost growled in a low voice, while Andy just narrowed his eyes slightly, shrugged, and replied helplessly, "what a pity!"

Then he looked at the Fed chairman, Ben Bernanke, who had never spoken. "Ben, when can I get my loan down? In this time, there are few people like me who are willing to take over the failed bank. You should support me to complete the plan as soon as possible and integrate well, so that I can help you in the face of difficulties. "

"Andy, you need to know that once you enter the bidding process, you can't get 100% IndyMac bank. Many people will be interested in it."

"Ha ~" Andy's squinting eyes flashed a cold light, sneered and looked at Bernanke and Paulson and said, "it doesn't matter. We can't find another bank. There's not only one bank in the United States. My investment layout will not lack of puzzles!"

Paulson and Bernanke's eyes were fixed slightly, staring at Andy. Before they could say anything, Andy seemed to be concerned and asked, "by the way, I heard that Fannie Mae and Freddie Mac are due to capital problems, hoping for government assistance? Tut Tut, poor two guys. Maybe we should do something. What do you say? "

"Mr. Smith, are you a threat?" Paulson said, his face black, almost gnashing his teeth.

"It seems that you misunderstood me. How can this be regarded as a threat? I just think it's a very good investment opportunity. Don't you think so many people are looking for opportunities? You also know that in the current economic situation, life is difficult and they need to make more money." Andy looks at Paulson seriously, just like an old friend, revealing his heart.

Bernanke can't stand Andy's weirdness. He said in a cold, impolite voice, "I'd like to excuse me..."

"Ha ha." Andy drinks all the champagne, chuckles and looks at the figure of Bernanke leaving. Turning to Paulson, who looks equally ugly, he says: "you see, that Mr. John Paulson, who made 3.7 billion dollars last year by shorting US stocks, is called the new God of making money by Wall Street, and that Mr. Bernard Madoff, who is even more powerful, is in charge of 17 billion dollars fund, even though In this economic environment, you can still get a return of more than 7%... "

Paulson narrowed his eyes, stared at Andy, interrupted his confusing words and said," what do you want to say? "

"It's a feast of gluttony. Everyone is doing everything they can to make money, so no one should pretend to be a savior!"

Andy sneers and looks at Paulson. "My job is done. Now it's up to you. IndyMac bank asked me to take over one day earlier. Maybe I'll consider giving you the detonator of another bigger financial time bomb, so that you can be recorded in history."Paulson's pupil suddenly shrank. He didn't think the young bastard in front of him would talk nonsense and grab Andy's arm. "What did you find?"

"Ha ha." With a charming smile on Andy's face, he reached out and pushed Paulson's hand away. "Maybe there is, maybe not. I'll wait for your good news. To be honest, IndyMac bank has cut half of its employees and heard that it is going to sell more than 60% of its retail mortgage business. However, all kinds of remedies can't save the Apple's decay. It's time for the FDIC to take over. "

Paulson looked at Andy Smith with a smile on his face. He really hated his itchy teeth. But he knew that since he said that, there must be some discovery. Using time bomb to describe it is enough to explain the seriousness of the matter, let alone the time bomb. Now the financial market in the United States is a little bit turbulent.

"Andy, didn't we sign the memo? Don't you worry?"

"Ha ha, I'm young, inexperienced and timid. I'd better wait until the bank's business is settled. If it's urgent, I hope you have a good time. Excuse me first." Andy put the empty glass on the tray of a waiter passing by, took it again, raised it gently with a smile, and turned to Ivana, who was chatting with a group of famous ladies.