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Chapter 1029 The Panic Maker

Time passes too quickly and passes by inadvertently, making people overwhelmed.

On April 16, Indyma, located in Pasadena, California, is one of the largest deposit and loan banks in the United States, with total assets of approximately US$32 billion. Senator Charles Schumer of New York wrote a letter to the banking regulatory authorities to discuss whether Indyma can survive. After the letter was made public, the bank experienced a small-scale run...

At the same time, the news that the bank was investigated by FBI for suspected fraud on the subprime mortgage issue was confirmed.

"According to experts' analysis, indyma's financial situation has always been doubted. The bank has issued loans to those with unknown income and assets, and resold a large number of such loans to financial institutions. This year, the subprime mortgage and housing market crisis has worsened, and the default rate of housing loan deferred payments has increased, resulting in a severe shrinkage of indyma's book assets..."

On Wall Street, in the office where Gaia's decoration style tends to be sci-fi, Andy stood in front of the floor-to-ceiling window, with a look of neither sadness nor joy on her face, overlooking the slightly deserted street, behind her was the TV report from the Am Cable News Channel, and she didn't know what she was thinking.

New York is still warm in spring. This seems to have become a microcosm of Wall Street's financial industry. In recent months, major investment banks, financial companies and banks have been laying off employees. The "hot" financial positions that were once again swayed in the storm.

Dongdong

Andy narrowed his eyes slightly and looked back at the office door. He saw the little assistant who was pushing the door and Alvetre behind him. He turned around and walked back to the desk, sat on the boss's chair, and reached out to Al and signaled to Al, "Sit down, let me tell Tori what to drink."

"Thank you, coffee." Al sat down and turned his head and smiled at Tori, who was standing beside him.

"Since the report letter was exposed on the 16th, indyma has been withdrawn by panicked customers in three days by more than 300 million US dollars. This number will continue to rise with the reports in the past few days and the emergence of various unfavorable news.

If the US Federal Savings Insurance Company (FDI) does not want to see Indyma Bank go bankrupt and go bankrupt, it will take over Indyma Bank as soon as a week later.

At present, indyma Bank has begun to rescue itself, and they will cut half of its employees and stop most of its mortgage business."

Hearing Al's report, Andy just nodded and smiled self-deprecatingly, saying, "Three days ago, Paulson roared at me on the phone, saying that the bank has about 7 trillion deposits across the United States, of which about 37% of the deposits are not protected by federal savings insurance. If the bank goes bankrupt, it will cause a huge disaster.

It’s really a pity that he said it seems that there was something wrong with the indyma bank because I did it. It’s a pity to blame the Finance Minister for random accusations.”

Al's mouth tugs slightly when he heard his boss's push, and continued to cough: "Affected by this, Citibank will lay off 2,000 employees in its trading and investment banking business. Since October last year, Citigroup's market value has shrunk by nearly half. This year, its share price has fallen by 24%.

Andy touched his chin, smiled faintly at the corner of his mouth, raised his eyes and looked at Al and said, "It's a chain reaction."

Al nodded and said, "The current financial market has returned to a turbulent state, and the calmness of the previous month has been completely broken. Perhaps this is the main reason for the anger of Treasury Secretary Paulson."

Andy curled his lips and smiled disapprovingly, "We have obtained our photos when we are enabled, so we naturally need to start it as soon as possible. The three banks, including Miami Valley Bank, Douglas National Bank of Missouri, and Hume Bank of Missouri, are too small. I need a large bank to be the main body, but time does not wait for anyone. Even if we do it this time, it will be achieved."

"Well, most of the management of these three banks have been summoned back. I heard that many people cried when they received the call."

"According to the plan, the above three banks will still be closed before they can acquire indyma Bank. The main task is to count and straighten out their respective assets. After the acquisition of indyma Bank is completed, merge them into a new bank."

Al nodded and expressed his understanding, and asked with a smile: "Boss, will you attend tonight's cocktail party?"

"Well, the Fed still has to give face. After all, we have to borrow money from them. Of course, they are overthinking if they want me to get money out. The auction can mortgage the treasury bonds. It's really a coincidence." Andy sneered and mocked.

"I am now at the Beiling Branch of Indyma. You can see the long queues behind me, waiting to withdraw cash from the bank. Angry people complained constantly. In order to control the chaos, there were even scenes of police maintaining order. So far, no arrests or injuries have occurred..."

The live report was played on the TV in the office. Andy just smiled slightly, Al also looked back, then stood up and said goodbye to Andy.

"Dear, help me pick a pair of shoes..." Ivana put her face in front of the makeup mirror, carefully brushing her eyelashes, and shouted loudly to Andy who was still in the cloakroom.

"How is this pair?" Andy, who was wearing a slim black suit, picked up his two shoes with two fingers, and asked after swaying in the mirror twice.

"Okay, just this pair, let's see how?" Ivana put the eyelash brushes, stood up straight, and asked in front of Andy with a sweet smile.

A group of black dresses wrapped around her tight figure. Her slightly repaired blonde hair was naturally spread over her shoulders, with exquisite makeup and graceful posture. The pair of pearl earrings on her ears showed her charming temperament very well.

"It's charming!" Andy smiled and put his shoes on the carpet.

Ivana smiled and kissed Andy on the face. After putting on her shoes, she grabbed Andy and said with a smile: "Don't worry, let's take a photo first!"

As he said that, he picked up his phone from the dressing table, and at a 15-degree angle, he turned around and leaned Andy's face against his cheek. After taking a few photos, he lowered his head to start fine-tuning the photos. After showing Andy the photo with a smirk, he added a text and updated the instagram personal homepage.

"Okay...Haha, my dear, your app is simply amazing. Many people are taking photos and sharing them all the time, especially the like function, which is unparalleled!"

Ivana wrapped her hands around Andy's neck, and praised her with her eyebrows. The fiery red hun kissed Andy's mouth.

Andy, who pretended to be 13, raised his eyebrows indifferently, shrugged his shoulders and said, "We need to continue to promote it. There are only 30 million active users at present. When will it reach more than 100 million, it will be considered successful? I don't want people to just treat it as a photo app. The social Jiao platform is its focus."

"Hehe, you're really greedy. It's a miracle that a new staff Jiao platform has developed so rapidly. I heard that Facebook's Zuckerberg is quite depressed about this, and there are even rumors that he wants to acquire instagram."

Andy curled his lips, showed a sarcastic smile, and stretched out his finger to point Ivana's nose. "He was dreaming, I wouldn't sell it. You know, in order to get instagram to eliminate Twitter, I have almost dug up the people in the Twitter company. If instagram is not developed strong enough, I will not throw this cake out to make money."

"You are the best!" Ivana smiled sweetly and kissed Andy again on the face, "Let's go, the time for the cocktail party is almost over."

Tonight's cocktail party was quite large, and most of the guests were elites from Wall Street, investment banks, financial institutions, and EO from various banks, and some real bigwigs also showed up to give face.

Andy held the glorious look, and the devilish figure of Ivana appeared at the cocktail party, which immediately attracted everyone's attention. This excellent couple seemed to be able to amazed the audience wherever they appeared.

In addition to Ivana's angel-like smile and amazing xing curves, the most important thing is that Andy Smith is so dazzling.

Fed Bernanke and Treasury Secretary Paulson were arguing with a group of Wall Street bankers. When they saw Andy and Ivana appear, they couldn't help but look at each other, and saw a trace of gloom in each other's eyes.

To be honest, they really hate the young man Andy Smith. It has nothing to do with personal likes and dislikes, nor has it any personal grudges. The main reason is that this greedy young man is really a big trouble. A typical panic maker, in order to obtain benefits, he can easily leverage the entire market to destruction for his own selfishness, and he doesn't care about the life and death of others. He is simply a bastard!
Chapter completed!
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