Siheyuan started as an unlicensed knight and became a hero of justice

Chapter 171 Fatal loopholes in the financial system

After finally restoring social order through severe crackdowns on public security crimes, new problems have emerged.

The new problem lies in the financial system. Because my country's financial system is not yet perfect, the loan interest rates of different banks are different, which has caused big problems.

In particular, Wu Zhen's suggestion of controlling Japanese companies through overseas companies and letting them provide interest-free loans to our country has attracted many people's attention.

After all, as long as you find an excuse to get these loans, you might as well use them!

Even if you deposit the money in the bank, the interest will be free!

It's not easy for people to make money, but it's very easy to make money from money. What's more, in this way, you don't even have to touch the money in the bank. Just go through the procedures and let it run idle for a while, and you can get the interest difference!

Moreover, the interest rates of loans given to different industries and sectors in my country vary greatly. For example, some agricultural loans have extremely low interest rates, which are much lower than ordinary deposit interest rates.

As a result, there is a price difference between special loans and ordinary loans, and some capable people become loan brokers, specializing in earning the price difference of loans.

With the progress of reform and opening up, the economy has become more prosperous. In order to ensure that the money deposited by the people is not affected by depreciation, our country has set deposit preservation interest rates in banks.

When ordinary people's deposits mature, in addition to the interest, there is also interest on the value-preserving part. This leads to the strange phenomenon of interest rate inversion where the deposit interest rate is higher than the loan interest rate!

This is a serious matter. When all kinds of monsters and demons saw this loophole to make money, they appeared.

After all, as long as you can get a loan, you can make money. Even if you loan it out today and immediately deposit it in another bank next door, you can directly make a profit from the difference.

Moreover, those game-spamsters in the banks are very good at making money by lending out loans and earning the interest rate difference. They lend out money and then deposit it again, and they can even do it in an infinite cycle, so that the loan limit will always be there.

The benefits are yours, and the losses will be covered by the country anyway. Such bad behavior has caused huge losses to the country and also had extremely bad effects!

These financial parasites used the power in their hands and exploited policy loopholes to embezzle national and collective wealth, causing immeasurable losses to the country.

When the leaders above saw the insatiable financial parasites reported by Wu Zhen, who time and again took advantage of the inverted deposit and loan interest rates to desperately embezzle state-owned assets, they were furious!

No matter who you are, no matter what your background is, or what achievements you have made in the past, as long as you cross this red line, you will be sentenced to death!

Once the financial system collapses, the country will almost be paralyzed. Now there are so many corrupt officials who collude with both domestic and foreign parties in the financial system, and they must be dealt with severely!

The leaders above were very puzzled. Why did so many things happen, why didn’t they know about it, and why did no one report it?

They can only get a lot of information from Wu Zhen, but so many other relevant departments know nothing like clay sculptures and wooden statues?

Is it because of incompetence, or is it because they really don’t know? Or is it because officials protect each other or even collude? Or even participate in the distribution of benefits?

It's not just the 12th Bureau that Wu Zhen is in charge of that is responsible for intelligence, there are many other departments as well!

Are these departments fake? Is there any need for them to exist?

And is the supervision of the financial management system just for show? They don’t know about all the problems that have happened?

However, at that time, those people's methods were very crude, and clues were still easy to find, and there was also evidence provided by Wu Zhen.

Soon after, many financial parasites were caught, and of course, many of their protectors were also caught.

The leaders above now understand the importance of standardized systems and perfect laws and regulations that Wu Zhen mentioned. Power without sufficient supervision will sooner or later lead to trouble. Power must be put within the cage of the system.

Because the road of reform and opening up is still in the stage of crossing the river by feeling the stones, it is very normal to encounter bumps and setbacks.

But if you fall, you must remember the lesson, record every mistake and use it as a goal to correct for the next time you explore.

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