American Fortune Life

All along, the US government's Federal Deposit Insurance Corporation, FDIC, has two basic goals when disposing of bankrupt banks. One is to convince depositors and lenders that the banking system is sound and to minimize the cost of insurance funds managed by FDIC.

The second is that the regulator will conduct an "autopsy" on the failed financial institution, and publicize its assets and liabilities on the internal website, while other banks and interested investors can bid on the website. fdic chooses who wins based on an objective criterion that it calls "minimum cost" for insurance funds.

After the article "Blatant Road Robbery Continues" was exposed, it naturally attracted the attention of other media. After all, the article involved the bankruptcy acquisitions of many banks, and the accusation was not made by Yingtai Bank. The media did not have too many scruples, but fdic was unlucky. Questions about various bankruptcy bank acquisitions were also rumbling. The question mark of whether there was insider trading appeared in various media.

The fdic public information officer had to stand up and declare fdic's standard for disposing of bankrupt banks, "99.9% of the time, this is an orderly process."

Watching the fdic public information officer on TV faced the intractable problems of the reporters, and some tired pictures, he shook his head with a chuckled smile, although in the case of Indy Mike Bank, the bidding process was not so “orderly”. He should be worried and shouldn't laugh easily, but in the feast of annexing the bankrupt bank, his Andy Smith's appearance is still good. Companies such as mg chase and Goldman Sachs are simply crazy, the sky is falling, With these tall men, he was not worried at all.

Since Indymac Bank plunged into a liquidity crisis in June 2008, by the end of July, depositors had withdrawn deposits close to 8% of the total deposit size. Fdic later took over IndyMike Bank, and soon began to seek a shot. Mainly because Indy Mike Bank not only sold a large number of subprime housing loans, but also provided Fannie Mae, Fannie Mae with a large number of similar housing loans, and the prices of securitized mortgage loans issued by the latter plummeted, and did not find the next home, fdic Will pay death.

At that time, Andy Smith appeared, bidding US $ 1.5 billion, and evaluating the assets of IndyMike Bank for US $ 13.9 billion using a loan minus deposits. This is undoubtedly a big help for fdic!

Also under the 'friendly consultation' of the Federal Reserve and the Treasury Secretary, fdic agreed with Andy's acquisition proposal, agreed to hold some more problematic assets, and agreed to sign a risk sharing agreement.

According to the agreement, once Indy Mike's loan portfolio has a total loss of more than 30%, fdic will bear 95% of it.

Facing the media's doubts, former fdic chairman William Isaac was very helpless and angry, "there was no fixed price at that time, the financial market was closed, and everyone didn't want to buy anything. Fdic had to sign a risk sharing agreement, but This will not change the fact that the acquirer has taken a significant and significant risk. Now someone is arguing about it, and I want to ask them what they were doing at the time!

We also prefer to sell Indy Mack to a bank rather than privately like Andy Smith. But in 2008, all the big banks were insured. Who would take over a mess?

To be fair, for many banks at the time, buying Indy Mack was not a suitable strategy.

As for the loss-sharing agreement. Fdic has issued a statement this morning in response that fdic has never paid Yingtai Bank any compensation for loss sharing! The accusations of those two financial bloggers were based on misinterpretations of the loss-sharing agreement. . . "

"I can be very responsible to say that as of today, Yingtai Bank has not received any fdic compensation for the losses of Indy Mike's assets!"

On television, Ceo Steven Nubi of Yingtai Bank faced the flock of reporters, and said quietly under the guard of the bodyguards.

"Haha ..." Andy in front of the TV laughed and shook his head and said, "Nima, I almost believed! The survival of this group of guys is really strong."

Wearing a pink pylon long pajamas dress, with a big belly, looming amazing career line, walked to the sofa, pouting and smiling, "You are so gloated, I do n’t know, it really makes people think It has nothing to do with you. "

"Seriously, I am really a bit reluctant to Stephen Noby. Although this guy is vain and extravagant, he is indeed capable and cruel enough. The character of the banker's face makes him help me to control Yingtai Bank. Candidate. "Andy reached out and supported Ivana's arm, helping her slowly sit on the sofa.

"Then you give him a chance. After all, you have no skills, you still need this kind of talent to manage your assets, and you don't hesitate to throw him out as a shield, which will inevitably cause shadows to other professional managers." Ivana suggested.

Andy chuckled Ivana into her arms, kissed her on the forehead and said, "Look at his own, if he can reverse the unfavorable situation or spend it safely after attracting all the firepower, , I do n’t mind continuing to hire him. If it is messed up, I can only say sorry, there is a saying in the dynasty that it is called "Dao Dao You You Xian Dao Dao", which means ... "

"Giggle ..." Hearing the explanation, Ivana's smiling flowers trembled, and she was full of vigor and vigor. She reached out and nodded Andy's nose. "You are so insidious, who can think of you digging the pit so deep. "

"This is not a pit I dug, it is all an idea from Ardus, so to say, the most correct thing I did was to form a top-level think tank early. The cost of millions of dollars every year is definitely worth it. "Andy raised his eyebrows proudly, and then looked back and drew Ivana for a while.

Ivana is also envious of his man's already-recognized think tank, and admires Andy's great work. After all, not everyone will be willing to spend a huge amount of money to form a think tank company to provide personal services to him.

"Yes, dear, when will the guests you invite arrive?"

"It should be noon, and I have to trouble your hostess to prepare for hospitality." Andy smiled at Ivana after watching the time.

"Oh, rest assured, Hawaiian special meals, I believe the guests will like it, and I am looking forward to meeting with the eldest daughter of Four Star Group, Li Fuzhen, I have heard some information about her before, I still remember four Four years ago, the successor of the four-star group's heirs in New York caused a lot of suicide cases, and the family resentment of the four-star group is just like one. "Ivana said with a flash of eyes.

Andy laughed, stroking her arm, and said softly: "Li Fuzhen is a professional strong woman similar to you. This time in the cooperation of the casino hotel project in Jeju Island, with the participation of local forces, you can operate better. Also invited this time is the daughter of King Aomen, who is also a very influential professional woman. I believe you will have a common language. By the way, Li Fuzhen seems to be getting divorced. You need to pay attention. "

Ivana gave Andy a beautiful white look and said, "I have read the information of the guests. Rest assured that there will be no problem, but the sudden arrival of two very influential women in Asia is really letting People look forward to the next meeting. "

Andy looked at Ivana's excited look and smiled and shook her head, but thinking of Li Fuzhen, the small flame in his heart could not help but swell again, he really missed her taste, although the two had already agreed, but because Li Zairong Her return has kept her unable to make a trip, and this time the power change has allowed Li Fuzhen to fully recognize the eccentricity of her father Li Jianxi. Even if she is obedient and obedient, she can't change the reality that she missed the throne of four-star power.

Coupled with her elder brother, Lee Jae-jung, who was like a wolf-like tiger, she did not dare to stay away from Korea easily, fearing that he would stage a bottom-up payroll again to calculate her assets, so the two's 'dating' was delayed until this time Hawaii party.