When I am reborn in Hong Kong, I just want to lie down

Jimmy quickly received a response from the California Community Bank, which was very willing to cooperate with the other party. They would cooperate in stages according to the bank's business process.

"Mr. Jimmy, happy to work with you!" Kent's words were somewhat reluctant, but it did not affect the overall situation because the shareholders of this community bank put too much pressure on him.

Jimmy's smile was still refreshing, and he responded enthusiastically: "Mr. Kent, happy to work with you!"

When Jimmy was leading people away, Kent said in his ear: "I will keep an eye on you."

Jimmy was in the car, and the entourage next to him was very excited. They had secured another bank, and now their performance this week was stable again.

A salesman next to Jimmy asked Jimmy: "Boss Jimmy, what did President Kent say to you when they parted?"

Jimmy smiled: "He said he would keep an eye on us, but we are a regular investment bank and everything is reasonable and legal. We only use their loans to bond and finance them, and they only pay a small fee. This stubborn president is no longer suitable for this position."

Is Anderson Bank really as simple as he said?Of course not. This bank started by selling junk bonds. It often packaged those junk bonds and then pushed them to the market. Many people or funds who bought these junk bonds were often severely poisoned, and some even Just disappeared from this world.

Speaking of Anderson Bank, I have to talk about the two former CEOs of Pacific Rim, Peter and Smith, because Anderson was one of their team members at the time. When the two of them were unfortunately killed in the attack, someone immediately took over. Got all these horses.

For companies like California Community Bank, which has a real estate mortgage loan business and has extremely strict risk control, their existing loans are the highest quality assets.

Back at Anderson's California branch, after Jimmy handed over the contract, he was received by the branch general manager.

"Jimmy, you are the best. The headquarters has decided to promote you to the position of manager. Starting tomorrow, you will be the manager of the branch. In six months, I will be transferred to the headquarters. By then, you will be the general manager of the branch. Congratulations. You, Jimmy!”

Jimmy was very surprised by the branch boss's words. He opened his mouth wide and didn't know what to say.

"Jimmy, this is what you deserve. The bosses at the headquarters have discovered your strengths and talents and have been recognized by the headquarters. They may be far away, but they will not fail to see this and work hard. "

As if in a dream, Jimmy was promoted from a business team leader to a branch manager, and then took over the position of the branch boss, making him return to his work station as if he was sleepwalking.

This is an appointment that Li Bu directly skipped the intermediate link and issued directly from the headquarters. This person is a genius. He has managed more than a dozen high-quality banks in half a month. Of course, he must be promoted.

Just before get off work that afternoon, the appointment letter from the headquarters arrived at the branch. From tomorrow on, Jimmy will be the manager here.

Now Anderson Bank is very busy. Before they debenture the loan mortgages of more than a dozen high-quality banks, they need to combine them with other non-performing assets, package them into an asset package, and then debenture them.

If it is an ordinary investment bank, it may directly debenture it, then find a rating agency, rate it, and finally invest it in the market; but those with a little bit of brains will inject some non-performing assets that are not easy to sell into high-quality assets, and then package them into high-quality assets. Bonds are sold; and crazy investment banks will inject high-quality assets into toxic assets and then sell them as high-quality assets.

Andreessen Bank's method is multiple packaging, different combinations, multiple derivatives, and adding gambling protocols. It is no longer as simple as injecting high-quality assets into toxic assets.

If there is a problem in one link, then the disaster caused by the $100 million existing loan mentioned earlier will not be a matter of $100 million, nor a billion dollars, but $[-] billion. This is still Direct debt defaults; indirect ones, including those gambling agreements, cannot be solved by US$[-] billion.

There are hundreds of institutions like Anderson Bank on Wall Street, and they are frantically selling these assets to investors. At this time, the volume has not reached an uncontrollable scale.

Li Bu turned on the computer and looked at the internal data of each investment bank. These hundreds of institutions used a unified server. The purpose was to facilitate Li Bu's auditing.

California Community Bank has been a bit busy recently. Many customers come to them to apply for loans, but their deposit funds are almost reaching the warning line.

"Mr. Jimmy, we can now execute the first phase of the contract. We now need approximately US$2000 million in funds." Kent called Jimmy from the California branch of Anderson Bank.

"Mr. Kent, I'm so happy to receive your call. Our legal advisor and salesperson will be here soon. All we need to do is sign a confirmation contract with you." Jimmy's unchanging gentle voice came from the phone The message reached Kent's ears.

President Kent hung up the phone. The signature confirmation document was indeed what it was supposed to be. In less than 5 minutes, the legal advisor and salesperson arrived at President Kent’s office. After signing the document, the salesperson sent the fax to At the head office.

Five minutes after the fax was sent, a financial officer from California Community Bank hurriedly walked in and said to President Kent: "A sum of US$5 million was transferred into our account from New York. "

After hearing this, Kent was stunned for a moment, and then he came to his senses and shook hands with the other salesman to say goodbye.

People on Wall Street are so efficient.

In California, the increasingly popular mortgage business has caused California community banks to soon need a second round of financing. This time, Kent was bolder and asked for a lump sum of US$5000 million.

Anderson Bank should still quickly transfer the money to the last account.

Let Kent realize that he is really old. Maybe Wall Street is right.

In the early days of the real estate boom, these assets were safe. Institutions like Anderson Bank were happy, banks like California Community Bank were happy, creditors who had obtained loans and moved into new homes were also happy, and real estate developers were even happier. .

When it comes to real estate, Li Bu is a professional. Tens of billions of dollars generated from US$[-] million are flowing into those real estate companies, and part of the profits they generate will be used to repay these debts.

But before real estate booms, they can use the money to hoard large amounts of land, and one step ahead of others will lead to countless steps ahead of others.