As the news of Big Wood Bank's $15 billion non-performing assets was made public, the entire American financial community was in an uproar. You should know that it was $15 billion. Big Wood Bank is not a giant bank like Morgan and Citi. As an ordinary big bank in the central region, the total amount of this asset has reached 50% of the total assets of Big Wood Bank itself.

Generally speaking, it is already terrifying if the non-performing assets of commercial banks exceed two percentage points of the total bank's own assets, because non-performing assets are already a default loss in the banking system, which is almost worthless garbage, or it will be more direct if it is borrowed.

Loans are one of the most important means of profit for commercial banks, and loans cannot lend out all the total assets of the bank. According to this calculation method, the non-performing assets of 15 billion are calculated based on the loan rate, which means that one of the ten loans of Big Wood Bank will lose all the money and profits. How can such an investment bank ensure profits?

So on the afternoon of the day when the 15 billion non-performing assets were disclosed, a consortium expressed its intention to withdraw its investment from Big Wood Bank.

Affected by this news, the stock of Big Wood Bank fell by two percentage points within half an hour of the last closing in the afternoon. Perhaps it didn't sound much, but anyone with a discerning eye could see that if Big Wood Bank could not bring enough good news to Big Wood Bank in the seventeen hours after the closing to the opening of the next day, then he would definitely face a larger decline the next day.

But what news can eliminate the negative impact of this 15 billion non-performing assets? I'm afraid even the Morgan family would not have thought of it.

The Big Wood family had not thought of a countermeasure, and another arrangement of Zhou Ming also began. On the morning of that day, representatives of lawyers from 150 different companies in San Francisco also submitted a lawsuit application to the San Francisco District Court under the witness of the media, and they wanted to jointly sue the insider transactions conducted by Ruibo Insurance Company and Hansen Trust.

So at the door of the court, the representatives of the lawyers of San Francisco companies faced countless reporters: Rogue companies like Ruibo Insurance and Hansen Trust must be sued because they undermine the fairness of the transaction and are also a blasphemy of the law. In order to pursue justice, we must pay the price they should bear for their actions.

The representative said loudly, and finally waved his fists. He paused and continued: We are very confident in this lawsuit, because we have mastered the most critical evidence in this case, which is enough to prove that Ruibo Insurance Company and Hansen Trust are guilty. However, due to the secret of the evidence, we do not intend to make it public before judicial investigation.

It was also with the prosecution of the case that FBI agents in Michigan had to come to the door, and they took the managers of Ruibo Insurance and Hansen Trust to investigate their insider trading behavior.

In fact, this is just the reaction of Michigan FBI in response to public opinion, but this behavior itself became even more explosive news when it came to the media.

That night, Chicago's blockbuster news program made a special program specifically for this situation.

In the program, the special commentator of the TV station bluntly said: Perhaps the Big Wood family is a special existence in Italy, but FBI is directly under the Federal Department of Justice and is loyal to the law. Therefore, FBI's actions can indicate that Ruibo Insurance Company and Hansen Trust are charged. Therefore, perhaps the lawsuits they have to face, in addition to corporate class action lawsuits in San Francisco, also have to face the prosecution of the Michigan State Procuratorate.

He opened his notebook and continued: The shareholders of Ruibo Insurance Company and Hansen Trust are Big Wood Bank, so it is not difficult to guess that this is a left hook shot by the Down family. The Big Wood family does not have much precautions for this heavy uppercut. Then I think they will pay a very painful price for their negligence or arrogance. I think this price is not just as simple as front teeth.

Watching the TV show, Tang Ran said excitedly on the phone: This is really the best news, Brother Ming, I didn’t expect that Michigan FBI can cooperate with us so much, as well as investors in the stock market, as well as media in New York and Chicago, they are all on our side.

As things went on, Zhou Ming himself breathed a sigh of relief. He joked with Tang Ran: So it is still fair to say that the goddess of fate is still very good. She has been partial to the Great Wood family for so long, and it is always our turn.

Tang Ran has his own opinion on this: I think it is the goddess of fate and see the Big Wood family. They are really stupid and can't stick to the wall.

Zhou Ming scratched his head, as if it was true. The previous collaboration between the Great Wood family and the Morgan family had almost taken up all the resources. Not only did he make every move under their noses, but even his own ideas could not escape their calculations. They could know what happened to him at the first time. This situation can be said to be so disadvantageous that he could no longer be inferior, but now he is obviously going to turn over this situation. No wonder Tang Ran despises the other side.

However, Zhou Ming pretended to be angry and said: Ranran, I wouldn't be happy if you say this. Why are they so stupid? It's obviously our own strength, right?

After Zhou Ming said this, Tang Ran suddenly reacted: That's right, Brother Ming is too smart. No matter how many advantages the Big Wood family has expanded, they will never be a rival to Brother Ming.

Zhou Ming laughed and scolded Tang Ran, and then said: Yes, Sister Ranran Muqing, the Morgan family and the Big Wood family have not yet had a quarrel, and they are still allies. Now, we have retaliated against the Big Wood family, maybe the Morgan family will not be able to react at the first time, but tomorrow or the day after tomorrow, they will definitely react and help the Big Wood family deal with us.

Lin Muqing nodded and said that it was true: Zhou Ming, what you mean is that we should ignore him and pretend to be a tacit ally with the Morgan family, and only aim the finger at the Great Wood family.

Zhou Ming shook his head and said: If this makes it a bit like this, there is no silver here, and I think we should have a better way.

It was also on that night that George returned to his study very tiredly and dialed the number of Jack, the head of Morgan.

Soon the phone was answered, Jack's voice was heard over the phone: Dear George, I feel very sympathy and regret for everything the Big Wood family suffered. I didn't expect that their revenge would come so quickly and fiercely. It seems that they are about to lose their minds.

It would be a very happy thing if they really lost their mind, because then I could grab their eggs. George said viciously, and then said, but it was obvious that their mind would exceed our expectations, at least the current situation was very troublesome.

George said in a different way: But Jack, I call you specifically now, not to discuss the impulse of their Down family.

Jack said: Dear George, please rest assured. Of course I understand my responsibilities. It is because today's events happened too hastily and I was not prepared at all. However, from tomorrow, the Morgan family will fight side by side with the Great Wood family.

I'd love to believe you, Mr. Jack George said.

So the next day, Kerr Risk Asset Management, wholly owned by Morgan Trust, announced that it would spend $15 billion to acquire all the non-performing assets of Big Wood Bank.

This news undoubtedly resold Da Wood Bank's life, because anyone with a brain understands that the so-called non-performing assets of banks are actually assets that cannot be cashed out, so banks generally sell non-performing assets in packages at very low prices.

Of course, sometimes, some companies that are specifically responsible for dealing with non-performing assets will artificially increase the price in order to get the first acquisition, but no matter what, it is impossible to acquire it at the original price, because it is impossible to cash out.

But no one said that the Morgan family had lost money because anyone with a discerning eye could see that this is the symbol of the Morgan family supporting the Big Wood family behind it.

In addition to giving money directly to the Great Wood family to prolong their lives, several investment banks controlled by the Morgan family are also selling Tangren Bank's shares with the Great Wood Bank and vigorously suppressing some companies controlled by Tangren Bank, which has caused Tangren Bank's shares to continue to plummet.

Originally, the US Securities and Exchange Commission decided to temporarily resume trading at Tangren Bank at 1 pm, but then it began to plummet in the next half hour. This time the decline reached a terrifying height of 8. For this reason, the US Securities and Exchange Commission had to stop trading of Tangren Bank again.

Damn Morgan family, I didn't expect that they really participated. Not only did they give money, but they also targeted us everywhere. It was so annoying. Tang Ran said indignantly on the phone, "If it weren't for Brother Ming, you said you shouldn't act rashly, I would have wanted to deal with them."

If Ranran wants to take revenge on the Morgan family, do it. I said don’t act rashly, and it’s not to sulk yourself. Zhou Ming said with a smile.

Tang Ran shook his head and said when he heard Zhou Ming say this: How can that work? Brother Ming, I am just a little angry. I don’t actually want to take revenge on the Morgan family. After all, we are already very struggling to face the Big Wood family now. If there is another Morgan.

Zhou Ming interrupted Tang Ran and said: I did not want to force the Morgan family to the opposite side of us. I mean to take revenge on the Morgan family, but it was not like dealing with the Great Wood family, but in a gentle way.

Brother Ming, I am confused about what you said. Isn’t it just revenge? Why is there a gentle way? Tang Ran said curiously.

Lin Muqing next to him reacted and said: Zhou Ming, what you mean is to let us avoid the important things when facing the Morgan family. Although we want to retaliate against them, it is not important to deal with them. Instead, we pick up some irrelevant places to retaliate, or it is just that the thunder and rain are small. It seems that our revenge on the Morgan family is huge, but in fact it has not caused any damage to them. Is that right?

That's right, we just want to say so gentle to Morgan. Zhou Ming.
Chapter completed!