Rebirth 79: I opened a bank in the United States

Chapter 239 Big Project

"I want to say that it's inconvenient. Will you go back home? Or I can pay for it myself, and I can invite you to play here for two days. It's okay to treat it as a vacation, how about it?"

After patting the buttocks of the two girls beside him and signaling them to leave first, Carter reluctantly took Patterson and the two to a relatively remote beach table and sat down.

Just as Patterson would not accept that he was here on vacation, Carter didn't think he could dispel the idea with a single word.Now that something has come, it always has to be faced
"Mr. Black should understand why I'm here. Let's be honest and honest. One million ultra-low-interest loans with an annual interest rate of 8% and a five-year period. What do you think?"

After the guests and hosts were seated, Patterson gave his price without any inkling.It is undoubtedly a loss for the FDIC to provide Carter with 8% annual interest for the merger, but compared with the loss when the Bath Bank was completely bankrupt, such a small loss does not seem unacceptable.

However, this condition is obvious and cannot satisfy Carter at all.After seeing Carter shook his head, he also said simply:
"Mr. Patterson, I admit that you are very sincere this time. But it is not enough, this will not solve the fundamental problem."

"The reputation of the Bank of Bath is a big problem now, and the risk is very uncontrollable. In addition, for our savings bank, the profitability is almost completely linked to urban development. More than [-]% of our profit sources are medium and long-term loans. , but, besides being a banker, I am also an entrepreneur."

"In order to promote the profitability of my other businesses, I am now reducing the bank's profitability, or even keeping the bank at a loss in value, so as to inject enough currency into the market to stimulate the profitability of my other industries. Use these profits to make up for my Losses at the bank."

"So obviously, if my other businesses don't need the market or labor in Argyll, I should say, if the city of Argyll can't bring me income, then I will take over Bath Bank, and I will just do nothing. Losses. And with the lessons learned by Mr. Bass, I dare not separate Bass Bank and use high interest rates that are completely different from those of my other two banks."

"In this case, a loan of one million yuan is meaningless to me. Unless you are willing to give me a high loan with low interest or even no interest to make up for my losses in taking over Bath Bank, Otherwise, I would not agree to this matter."

Carter's words were clear, and so was Patterson, who had to travel from Georgia to Hawaii.At present, in the vicinity of Argyll, the only ones capable of taking over the Bath Bank are the Carters.

The reason is simple. Carter is concerned about profits, but others don't?

As Pearson's neighbors, they also had a large population exodus to Pearson, and then to Douglas due to construction.However, this group of people still ran away with money.After the previous deliberate loan cut-off, coupled with the fact that the current consumer backbone is running away, it can be said that the current situation of Argyle can be described as the worst city in south-central Georgia.

The unemployment rate once climbed to an astonishing 20%, and an average of five people, no, it should be said that one family in five has completely lost its source of income.Based on the 2900 households in Argyll, in addition to the nearly [-] households who have already run away, [-] of the remaining [-] households are still in a state of complete loss of income sources , It all depends on savings and the loan that I don't know if I can repay it.

At the same time, the outflow of population is also being lost at the rate of a few households, or even a dozen households per day.The departure of these people will only further exacerbate the deterioration of the Argyll environment.If changes are not made quickly and this momentum is contained, the city of Argyll will very likely decline.

Then wait until I don’t know how many years later, when the economy recovers, some people may slowly return.
"300 million! The annual interest rate has been reduced to 6%, Mr. Black! In this matter, not only our fdic needs your help, Argyle, the Federal Reserve Bank of Atlanta also needs it. Now, I don't say anything cliché, it's just your bank Go in, even if you don’t do anything, the hearts of the people will be much more stable. Only in this way can we buy a time window to seek some changes.”

Patterson rubbed his forehead, then took out a document from his briefcase:
"It is necessary to stabilize the situation in Argyll and ensure the healthy flow of funds. Ordinary business is useless at all. This is an investment promotion document issued by the City of Argyll, which specifically provides tax incentives, land rent reduction and exemption, and even free land for large enterprises. document"

"If that doesn't work, there is only one backup plan, which is to use government-guaranteed loans to launch some large-scale infrastructure projects. But the guarantee from the city of Argyll alone is actually of little significance. At present, the city of Argyll is lobbying neighboring cities for a joint guarantee , can also help them solve part of their employment problems.”

"Don't you have a construction company under your umbrella? Is there any profit for such a large-scale project?! If you can get help from several surrounding cities, plus a joint guarantee from Douglas and Pearson, the Atlanta Fed and our FDIC will come forward again. Help you communicate. It should not be a big problem to apply for a loan of more than 6000 million at that time."

"With this money, you can build whatever projects you want, such as roads, highways, or other facilities that can be charged. If you build a road, the annual income will be quite a lot. I believe this can already make up for your losses. It will bring you a small profit.”

"As long as the employment in Argyll is stable and the economy is stable, is the Bank of Bath afraid of not making money?"

"No, no, Mr. Patterson, what you said is just superficial. It is true that huge loans can alleviate the current problem, but it is the same as the problem I am worrying about now. Suppose this road is completed, how will these populations be solved? !"

The idea of ​​building roads, to be honest, Carter was a little moved.But soon, he still rejected this method in his heart.

In addition to the problems just mentioned, there are already many roads connecting the north and the south. If you don’t talk about highways, the road network construction in the United States is actually already extremely crude!

During the great development in the [-]s and [-]s, there were many roads and one long road.Until the future, the total number of kilometers of road network in the United States will be the first in the world, let alone now.The United States at this time is definitely the only country in the world's road network construction. Even the infrastructure madmen can't compare with the United States now!

And these roads have passed the toll period.If there are free roads, who will use your toll roads?

The traffic with the most traffic is almost stuck on the road going out of Florida from the south, all of which are north-south!However, there are not many north-south roads, and the benefits of road construction at this time are not as great as imagined!
As for other big projects, projects that can consume a large number of working people at one time, to be honest, Carter didn't think of it at all.If you can't think of a way to solve this problem, then this matter will not work!
(End of this chapter)