The Era of the Kyoto Bubble: Starting from the Sale of Hundreds of Millions of Property Chapter 102 Financial turmoil and the worst of times (3/3, 9.1 is on the shelves, rush rush!)
Chapter 102 Financial turmoil and the worst of times (3/3, 9.1 is on the shelves, rush rush!)
April 30, 1990, a special day destined to go down in RB history.
Two weeks after the "Total Land Amount Restriction Policy" was released, the Bank of Finance Bureau of the Ministry of Finance persisted in its decision to restrict real estate loans despite huge pressure from six major consortiums. In just two weeks, nearly half of the Bank Bureau's civil servants complained about
He was dismissed due to corruption issues.
The six major financial groups continued to exert pressure. Under the pressure, Director Tsuchida, who was pulled out of the prime minister's cabinet and attracted hatred, turned to Tibetan Prime Minister Ryutaro Hashimoto for help. The latter was also full of money and was in a state of exhaustion.
He is the intermediary between various factions in the Liberal Democratic Party and has always had close relations with several major factions. Some of those factions are close to the government and some are close to financial groups. Within a week, more than a dozen people came to visit and asked about the reasons for this policy.
Mie Yeyasu was also very busy and couldn't help himself.
No matter how Ryutaro Hashimoto deals with it, he knows that he has offended the consortium to death this time.
But he couldn't reveal the real reason.
The American consortium and government are the backers of Toshiki Kaifu. This time the strong adjustment of land prices will allow RB to participate in the Gulf War Alliance. This is an international situation, an oil war, and an occupation of resources!
It’s just that the beneficiaries are the government, the country and the people, not their consortium.
The people from Sanwa Consortium secretly found him, but in the end they couldn't get a satisfactory answer. It was useless for Nissho Iwai President Hiroshi Uchida to personally come forward. Because of this, the marriage of his youngest son Hashimoto Shota and Uchida Ryoko was put on hold.
Misfortune never comes alone.
Soon corruption problems also emerged among officials within the Ministry of Finance. The media controlled by the consortium trumpeted the corruption and incompetence of the government, criticizing the land policy as "too late" and "questionable in its effect." The news and public opinion were all biased towards the consortium and deceived the government.
It caught the public's attention and put him under tremendous pressure.
But in the end, Prime Minister Toshiki Kaifu made a strong attack and spoke in person, claiming that he signed this policy in order to give a strong dose of medicine to the overheated land prices in the country!
At this point, the struggle among high-level officials was in chaos, and Sosuke Kitahara could not figure out the situation. He just watched the media attack officials to build momentum for the consortium, and then the public quickly responded and felt ridiculous.
Foolish people will always be foolish people.
Listening to the wind is like rain.
Although neither of these is a good thing, are those ignorant people who only know how to support one of them innocent?
For companies caught in the housing market crisis, investors are also vocal in their efforts to force the government to withdraw its policies, but to no avail.
On April 30, the most terrifying thing happened.
Kitano Sosuke had breakfast early and took stock of Kitano Logistics' revenue this month with great interest. In Tokyo, Kitano Real Estate's sudden transformation has become a classic case in the industry.
The real estate market collapsed, and the real estate companies that competed with it at the same time were in a deadlock. Only Kitano Real Estate successfully transformed Kitano Logistics, and developed the Tokyo express delivery industry under the name of Kitano Investment.
With Osaka's experience, Kitano Logistics' start-up speed was greatly accelerated, and the direwolf logo caused a sensation in the city. However, Kitano Ran had to travel between two places. In the end, her body could no longer bear it, and she entrusted the business in Osaka to Sakurai Saeko.
After occupying the central district market, the next target becomes neighboring areas.
The rise of the express delivery industry was expected by Sosuke Kitahara. It is a steady stream of business and can be considered a good source of performance and income.
He walked around the streets and lived close to each other, so he didn't have to drive to work. Considering that the car was not enough, he bought a Toyota and a Mercedes-Benz. The former was used for Yamada Kazuma's business purposes, and sometimes he could pick up a few girls to and from get off work. The latter is purely a show-off for President Kitahara.
Arriving at the block near the branch, this is the financial street in the central district. Several banks are located here. At this moment, the door of one of the banks was crowded with angry people.
If you listen carefully, you can still hear some people yelling and cursing. Who said RB people are polite and polite?
When it comes to their own interests, they are more mad than mad dogs!
Kitahara Sosuke took a closer look and found that it was the branch of Taiyo Kobe Bank in Chuo Ward.
"What's the matter? Sir?" Kitahara Sosuke approached and asked.
The man in a suit holding a bankbook in his hand took a sip and said coldly: "These bastards from Taiyo Kobe! They won't let me withdraw money!"
"There is no money in the bank! Everyone has been cheated!"
"I heard that internal employees took advantage of their positions to use all our savings to speculate in real estate. Now that the land policy has been introduced, they can't sell the house or exchange it for money!"
Financial Scandal!
This is the darker wave that will follow after the bubble economy completely bursts.
The darkness and corruption hidden beneath the financial industry will be exposed!
Kitahara Sosuke recalled the recent situation.
This strong dose of medicine from the General Administration of Banking has entered the real estate market, and banks have to start to limit the total amount of loans, collect loans, and provide loan feedback. These must be made public for the public to see, and they cannot engage in fraud under strong pressure.
After the tightening of policies, many investors and clubs encountered a financial crisis within two weeks, and they immediately planned to sell their houses at this point.
Housing prices in Osaka alone fell 10% today compared to yesterday, but overall they are still up compared to before the consortium’s capital injection.
If they sell at this point, they don't lose money and make a small profit.
The question is, who dares to take over now?
Downstream investors are scared out of their wits, but ordinary people, come on, house prices were too high before, and now they are even higher than before. I am a fool to buy them!
As a result, a magical scene occurred in the real estate market. A large number of properties were listed for sale, but no one took any interest.
The banks were pressing again, and they were also under pressure and had to threaten these customers with forced auctions.
Afterwards, customers racked their brains to withdraw and borrow money.
In a vicious cycle, Taiyo Kobe Bank, which had a large number of employees misappropriating deposits to speculate in real estate, was the first financial scandal to break out and could no longer handle it.
Not just this branch, it is said that all Taiyo Kobe Banks cannot withdraw money!
Kithara Sosuke clicked his tongue in surprise. He probably guessed the person behind the scenes.
It should be that a certain Taiyo Kobe Bank was hacked, and then the mastermind behind the scenes used this to explode public opinion, claiming that the bank had no money. The scared people suddenly ran to withdraw money, which would naturally trigger a run.
Taiyo Kobe can only turn to other banks or the Ministry of Finance for help now, but don't count on the latter. It is almost too busy.
As for the Bank of Japan, it is probably still worried about where to get supplies and funds for the Gulf War.
Kithara Sosuke sighed. In fact, if he had started earlier this time, he would have had the opportunity to swallow up Taiyo Kobe, and then the financial system as the core consortium would have a foundation. The problem is that if he did this, everyone would know Sima Zhao's intentions.
He can't explain why the consortium is not in good shape.
And the money is far from enough.
Because historically, Taiyo Kobe was eventually eaten up by the Mitsui Consortium and merged with Sakura Bank to form one bank.
When he arrived at the entrance of the branch, he found that his own branch was also crowded with people.
Withdraw money! Withdraw money! Withdraw money!
A new wave is sweeping.
The counter has never been so busy. So many people want to withdraw money. They are just worried that Dongsan will have similar problems. Fortunately, we have a big business. Even if our reserves are not enough for a while, we can just go to the branch to transfer some.
If you want to take advantage of the Dong-produced products, you really can’t do it without a certain amount.
But the employees of RB First Bank also felt an unspeakable crisis at this moment.
"Please, please don't take away all the deposits!" Da Hexi's waist almost broke from bowing.
Are these people crazy?
I don’t speculate in real estate or stocks, so I have to withdraw money at this time?
The tellers on the side also knelt down, and some people who deliberately made trouble took advantage of this to tease the tellers.
Kobayashi Kyoko's weak and charming appearance attracted a nouveau riche. He chuckled and said, "It's okay if you don't take the money. This bank lady is free at night. I'll treat you to something delicious~"
"Eat your head!" Shankawa Sayuri spat at him, "Disgusting! Scoundrel!"
Just as the man was about to refute, he was picked up by a white hand and thrown away like a chicken.
"Get out of the way, get out of the way, I want to save money." Kitahara Sosuke came to Kobayashi Kyoko and smiled, "How much did he withdraw?"
"Ten million yen." Kobayashi Kyoko looked at him lovingly and smiled sweetly. In fact, she was much more relaxed than other employees. With the money invested by Kitahara, she didn't have to worry about performance pressure at all.
"Then let me deposit some money to replenish his money." Kitahara Sosuke took out a card and handed it to her, "This is a bank card from Sakura Bank. Please deposit all the money in it."
"Tch, replenish my ten million?" The man looked at him with disdain in his eyes. How could a guy who looked younger than himself have a deposit of ten million?
In this era, it is equivalent to 80,000 meters of gold, which is a lot of money.
"It's only 1 billion, which is really not much, but it should be enough to supplement him." Kitahara Sosuke sneered a few times and glanced at the ungrateful guy, and then "molested" Kyoko Kobayashi, "This banker
Miss, are you free in the evening? I’ll treat you to something delicious~"
"Bah, shameless, I can't stand it anymore, I'll go to another counter!" Sayuri Yamakawa made a face at him.
Xiaolin Xingzi's cheeks were slightly red and she nodded: "You want to feed me~"
The upstart was stunned by her flattery and response!
Being rich is awesome!
He looks so handsome and amazing!
Then he ran away in despair.
This was just a small episode in Kitahara Sosuke's daily pretense to adjust his life. He looked at the lobby where people were coming and going, as well as the chaotic situation in other banks.
Even 1 billion cannot make any waves in this era. After the bank run, hundreds of billions or even several trillions of funds are surging.
This is the best of times and the worst of times.
"But it must belong to my era, Kitahara Sosuke."
He smiled, moved the back of his suit with both hands, and strode towards the second floor.