There is some truth in this saying that character determines destiny. Jobs and gates in the high-tech field should be regarded as the most well-known examples. It is difficult enough to become billionaires, and they can also create a legend. Without that persistence in their character, they can't do it. They have long been addicted to pleasure on the road of wealth.
After Gao Xian's careful observation, Sanford Weill also belongs to this kind of ruthless man. It is worthy that after several ups and downs in the "old script", he can also create a Wall Street Legend of the new Citibank.
Now, Sanford will is ready to start again, and Gao Xian plans to ask him to help him stand in the way of others.
To this end, Gao Yi specially held a small private party to bring together some contacts, such as Neil bush, the third son of US Vice President Bush Sr.
Not long ago, Neil Bush was also a director of Silverado savings and loan bank in Denver, but he got into big trouble. Fortunately, Gao Xian secretly helped Larry out of the mud.
This trouble is so big that even old Bush is a little overwhelmed. It is necessary to simply sort out the causes and consequences, because this big background can be used.
Denver silvado savings and loan bank is a special type of savings and loan bank, also known as mutual savings bank. It originated in the 1930s when the great depression occurred. According to the Federal Housing Loan Bank Act passed in 1932, its purpose is to help small and medium-sized banks across the United States who are away from Wall street, Provide long-term real estate mortgage loans to the society.
It is not difficult to understand that the mechanism of savings and loan banks is to stabilize the people who are cornered by the unprecedented emergency crisis of the great depression, so it is very tightly regulated. Savings and loan banks are very conservative and steady. In sum, it is called the "363 mode", that is, the savings and loan banks pay three percent interest to depositors. Collect 6% interest from mortgage borrowers and get off work every working day afternoon for three years.
In the late 1970s and early 1980s, this kind of business mode of being pure of heart and desire could not be carried out. Because of inflation and other reasons, the savings and loan banks paid 3% interest to depositors, which was no longer attractive. In order to keep the deposits of savings and loan banks, Then President Carter passed an imperfect bill in March 1980, allowing savings and loan banks to increase deposit interest.
As a result, hundreds of savings and loan banks across the United States, in order to compete for depositors, kept raising deposit interest rates, reaching a maximum of 18%.
Why is it that President Carter's bill is not perfect, because savings and loan banks pay higher interest than before, but they charge 6% interest on a large number of loans they have issued before, and the income mode of savings and loan banks is still strictly regulated and can only get involved in housing loans, So that the problem of income and expenditure imbalance appears rapidly and becomes more and more serious.
Therefore, in 1982, President Reagan introduced another bill to address this problem, almost deregulating savings and loan banks and allowing them to enter areas with higher returns than housing loans.
Think about it with your butt. You can guess what will happen next with the virtue of capital. The loosely bound savings and loan banks rush to any field that can obtain higher returns, such as junk bonds and even the Treasury of cattle.
In Gao Xian's view, there may be a plan of Wall Street to let these large number of regional savings and loan banks scattered in all States of the United States perish in madness, so that the international banks of Wall Street can get a bigger savings cake.
In this case, the Denver silvado savings and loan bank where Neil Bush works is a typical example of aggressive lending. After all, Neil Bush is young and unknowingly has a relationship of responsibility with several loans of poor quality, and even civil proceedings outside the investigation are about to start.
At this stage, the problem of savings and loan banks has become more and more sensitive. In the political arena, it is enough to become a powerful means of criticism. In addition, there are about $100 million in non-performing loans on Neil bush. It is no wonder that old bush, who is secretly rubbing his hands for the next US president, is not in trouble.
According to Gao Xian's information, the bad debts of Denver silvado savings and loan bank should exceed US $1.4 billion. Therefore, in the environment of Denver silvado savings and loan bank, although Neil Bush is responsible, he can be hung up and beaten by all parties, including the media.
Sir Gao took a few turns and tried to get Neil Bush out as covertly as possible. Without repeating his gratitude, old bush arranged Neil Bush to a less dangerous place in Gao's business territory. In the words of old bush, such a big man always has to work. If he is idle, it is easier to make trouble and put him next to Sir Gao. I'm relieved.
Introducing Neil Bush to Sanford will naturally means that Gao Xian wants Neil Bush to operate the bank next.
Sanford will has no objection to this. Everyone knows what resources are.
During the conversation, Gao Xian put forward a strategy of "encircling the city from the countryside", that is, Sanford Weill's starting all over again can only rely on acquisition to quickly lay down the country, and this process of development and growth should start from easy to difficult, starting from the humble periphery.
Sanford weir glanced at Neil Bush and thought, "Sir Gao means to find some targets that are not rotten and the basic market is still good in a large number of savings and loan banks in crisis and buy them."
"This is only one of the options." Sir Gao smiled. "At present, the global stock market is hot, but we all know that the stock market has a cycle, and now it continues to hit new highs, so the bottom is not far away. At that time, it is not impossible to launch forced acquisitions for the goal of improving the financial situation by selling peripheral assets, such as Bank of America."
Sanford Weill nodded again and again, "Sir Gao must have made great achievements in the study of the stock market cycle."
Gao Xian didn't accept Sanford will's compliment. He continued to follow his own train of thought and said leisurely: "Even this peripheral concept can be put higher. For example, in Britain, which began to fully liberalize financial control this year, the situation of its four major settlement banks - Barclays Bank, Royal Bank of Scotland, Lloyd's Bank, mithran bank and Bank of America is not much worse, especially mithran bank, which ranks at the bottom, is facing a more severe situation."
Sanford Wilhelm was hesitant to listen to his appearance, because he really didn't think of expanding outside the United States.
Sir Gao, who saw Sanford will's hesitation, laughed, "in this way, the acquisition of British banks is explained by goyimi and coordinated by Neil."
Although Sanford Weill has suffered several big defeats in the company's governance struggle, there is no doubt about his shrewdness. He soon realized that Sir Gao only wants to take advantage of the advantageous resources of the United States to acquire the Bank of England. If the acquisition is successful, I'm afraid Sir Gao may not be willing to give the fruits of victory to himself.
There is no doubt that Sanford will's guess is ten to ten.
Why should we use a global perspective for Fu Huifeng? The secret is that the most ideal foothold of Huifeng internationalization in Europe can only be the UK, and the acquisition target can not be crooked melon and split dates. It can only be selected from the four major British commercial banks with settlement qualification.
Therefore, as long as Gao Xian "occupies the road" in advance, he can secretly trip Huifeng's secret plan to withdraw from Xiangjiang and drag Huifeng, who is reluctant to hand over the authority of Xiangjiang central bank, to Xiangjiang as far as possible and have a good time with each other.