Rebirth 79: I opened a bank in the United States

Chapter 137 Why Is It Too Expensive
"Go to hell, Patterson!"

"What's the difference between fifty-five thousand and fifty-six thousand?"

"Are you kidding us? Waste of time!"

"Yes, Sherman, let's go!"

After Patterson's new round of quotation came out, the venue was suddenly full of hustle and bustle.Everyone who collapsed for a long time suddenly began to let go of themselves.

Loudly cursing the FDIC as a "vampire", "foam in the brain", and "living in a dream" can be heard endlessly. Some people don't know if they are really not interested in mixing, or they are really angry with Patterson's quotation. He closed the notebook in front of him, stood up quickly, and walked towards the door of the meeting room with big strides.
Even Goodman, who has always been calm like an old dog, shook his head slightly at this time.With a mocking look, his eyes didn't bother to stay on Patterson.

Get up and leave the seat, pull the seat, curse loudly.Although some people raised doubts just now, it was still a serious meeting place. In an instant, it was like "Li Yunlong hit Ping'an County", and the whole "Northwest Shanxi" became a mess
"Hey, Carter, have a cigarette!"

Just when Carter stared blankly at the scene in front of him and couldn't accept it, someone knocked on his arm suddenly.

"What's the situation?"

Taking advantage of the convenience of handing over cigarettes, Carter whispered in Goodman's ear:

"Also, can I smoke in this meeting?"

"Why can't you smoke?"

Taking out a puff of cigarette, Goodman was a little surprised.There is no ban on smoking in public places these days. After taking a good sip of the cigarette, Goodman raised his finger and pointed at Patterson who was trying to persuade everyone to return at the gate:
"Paterson, this time, he's a bit too greedy! How can he export this price?! I don't understand."

"You mean the price is high?"

Ask if you don’t understand, Carter asked humbly.

"It's not a question of whether it's high or not, it's a question of impossibility! At this price, the FDIC will deal with the bankruptcy this time. Not only will he not have to pay a penny, but he will be able to make a fortune, you know?"

Shaking the soot onto the carpet casually, Goodman said very dissatisfied:

"Oh, when the co-author is fine, they collect money, and when something goes wrong, they collect money again?! In this case, what is the point of us buying deposit insurance? Why do we need them if we directly guarantee each other in the industry?"

"How can there be such a good thing in this world, they don't want to pay a penny, it's impossible!"

"What are the rules here? Explain in detail?"

Carter's eyebrows jumped, and from Goodman's slightly indignant tone, Carter seemed to hear something different.It seems to be a bit of a struggle between industry associations and official institutions
At times like these, Carter doesn't care about Goodman's civic-mindedness.Anyway, I don't need to clean the carpet by myself, so I quickly asked about the inside story.
"Well, how should I put it, let me tell you this. First of all, this fifty-six thousand, after handing it over to the FDIC, they need to pay Jesse Dennison of Forest Bank $[-], because Forest Bank Not really bankrupt, do you understand?"

Amid the fierce language "line-to-line" sound at the gate, Goodman's voice seemed a little weak.But Carter still heard it all, and understood it!
The so-called bank capital, in other words, is also called owner's equity.It is the part of the owner of this bank that can obtain income.It is true that Forest Bank was forced to go bankrupt and reorganized, but he actually did not go bankrupt in the real financial sense.

Its owner's equity still remains, so this part of the equity will naturally be delivered to the owner.It's just that the FDIC will freeze its assets for a short period of time during the bankruptcy liquidation process, so the money will remain in Forest Bank.

There is no payment for the time being, or it has been paid by the FDIC to the original owner of Forest Bank, that is, the original boss Jesse Dennison!Only by giving the money to Dennison can the transfer of ownership be barely completed.

Only when the ownership of Forest Bank is transferred to the FDIC, can the FDIC dispose of Forest Bank in a more reasonable and legal manner. Although it does not transfer, according to the content of the agreement, they can also carry out compulsory takeover.
This money is not counted as the purchase cost, and Carter can understand.But in this way, [-]. No, [-] minus [-], isn't the actual cost of buying Forest Bank less?
It is equivalent to the fact that the FDIC actually sold the bank at a price of [-]
Even if the U.S. dollar is worth more today than in the future, this figure seems to be half buy and half free.What's not to like? !

"I can understand, then what?"

"What's next?"

Hearing that Carter understood the previous words, Goodman was ready to continue to taste cigarettes, enjoy a comfortable life, and eat melons.Unexpectedly, Carter's questioning came again.
"Forest Bank has not really gone bankrupt, which means that their current business can be carried out normally. At least as of today, before the risk really becomes dangerous, it can still operate normally! Settlement, depositor withdrawals, etc., it It can still be done, can't it?"

"Yeah, but isn't it good? After taking over, a little bit of capital injection, after lowering the risk ratio, there is almost no running-in, and it can be operated directly. No, it can be operated directly. Isn't such a bank good? ?”

Carter shook his head in confusion, he still didn't understand what Goodman meant.

"Okay, sure! Let me tell you, if it weren't for the fact that the forest bank itself has very good qualifications and the merger is not difficult, believe it or not, at least half of the people who came today will be reduced! If it is really financially bankrupt, then Half of the people who are less than half are less! There are not many people who will come!"

Lowering his body, Goodman approached Carter's ear, and his weak voice reminded:

"Not everyone is the same as you and can make money in the stock market! Think about the bank's profits and past savings after removing the stock market gains."

"I understand this. But it's also a matter of the difficulty of mergers. Actually, it's [-], no, let's say [-]. Buy it for [-] yuan, as long as you have [-] to [-] in hand, it's not that bad With the tight funds allocated to the forest bank for two years, it is still profitable! Why do you still think it is expensive at the current price?"

Although I dare not say that I am extremely smart, I am not a fool either.Of course, Carter knows how difficult it is for a small savings bank to come up with more than [-] idle funds in these years
Many banks don't say whether they can make it up or not. Even if they make it up, it will easily affect their original bank's reserves and risk level.If one is not done well, it will easily lead to an embarrassing situation where stealing chickens does not make money.
It seems that the market has expanded, but the market has not digested it yet, and my original market is about to go wrong.And this is why Carter was unwilling to expand too fast before, expanding at a high speed, especially in this more traditional era.

Very prone to this indigestion!
But just like what I just said, this is a matter of difficulty in mergers!It's not a matter of efficiency!In terms of benefits, Carter couldn't figure out why everyone would dislike it for being too expensive.
(End of this chapter)