America's Road to Wealth

Chapter 357 All for profit

To be honest, Abel has already agreed to half of the conditions proposed by the Texas consortium.

Four banks plus three insurance companies.

Once they are merged into the internal system of Pacific Commercial Bank and Smith Capital.

Let's talk about the banks first. They will make the Pacific Bank of Commerce become a well-known big bank in the United States in one fell swoop.

In terms of capital, Abel remembers that these four banks, each of them, have almost tens of billions of dollars in assets.

The four banks together have surpassed the Pacific Commercial Bank by a lot in terms of capital volume.

Not to mention they also have assets in custody which add up.

In the future, it will only make it easier for Abel to raise funds.

Then there are these banks in Texas and the nearby states radiated by Texas. These banks have a large number of branches.

Prior to this, Pacific Commercial Bank had grown to 180 branches.

But most of these branches are on the west coast, mainly in large and medium-sized cities in California.

There are at least 130, all in these places.

The remaining more than 50 are in major cities across the United States.

But in other vast American lands, there is basically no Pacific Bank of Commerce.

The Pacific Commercial Bank, just like its name, has influence in the region of the United States adjacent to the Pacific Ocean.

If the Pacific Commercial Bank can annex these four banks.

The new Pacific Bank will suddenly become the Pacific Financial Bank Group, which will have more than 800 branches in the United States at once.

In the southwestern United States dominated by Texas, it will directly become the overlord of commercial banks and retail banks.

At least in the American Southwest.

The new Pacific Bank of Commerce will have the presence of Wells Fargo in San Francisco, Bank of America in Los Angeles, and Citibank in New York State.

There are also three insurance companies, and their joining can also complement Abel's insurance field that has just started so far.

The insurance industry is a very important industry in the United States.

It is the financial industry, a very important component and supplement.

Since the 18s, the first marine insurance organization in the United States was born.

The insurance industry in the United States has gradually developed and grown just like its economic development.

The US insurance market is the largest in the world.

Whether it is in the global insurance industry or in the domestic financial industry of the United States, the insurance market in the United States occupies a very important position.

In the insurance market in the United States, there are a large number of insurance companies, including large companies and many small and medium companies. They coexist in one market and compete fiercely.

In this competition, a small number of large companies are in an advantageous and monopoly position.

For example, there are more than 2000 property and liability insurance companies in the United States, and the top 10 account for nearly 50% of the market share; the same is generally true of life insurance companies.

Such an important area, of course Abel will not let it go.

In fact, Pacific Bank of Commerce has an insurance department within itself.

To be precise, it is a subsidiary company named American Pacific Commercial Insurance.

A strong sense of sight, right?Who told everyone to be on the shore of the Pacific Ocean?

It's just that compared with the fast-growing commercial banks, Pacific Bank's commercial insurance performance is very poor.

Abel's previous idea was to directly acquire a large insurance company.

For example, in [-]/[-], those companies that suffered miserably.

But Abel discovered after careful observation.

In September [-]th, the big insurance companies that really lost money.

All are insurance giants outside the United States.

Several American insurance giants, such as AIG, MetLife, CNA Financial Insurance Group, etc., basically have compensation amounts in the hundreds of millions of dollars.

And those European insurance giants have lost billions of dollars, or even billions of dollars
Companies like Munich Reinsurance, Swiss Reinsurance, Lloyd's of London, etc. were seriously injured and on the verge of bankruptcy.

What is even more exaggerated is that most of the insurance policies that made these European insurance giants pay so much were bought a few months before the [-]/[-] incident.

And these insurance policies originally belonged to those American insurance giants.

It's such a coincidence.

Tell me it's bullshit or not.

So Abel finally found out that the domestic insurance giants in the United States seemed to be seriously injured, but that was just what they looked like.

He can't buy any of them.

Even General Reinsurance, which has been screaming miserably, is one of Buffett's insurance companies.

It also lost more than $5 million.

Compared with those international giants, it's just a drop in the bucket.

If Abel wanted to buy it, he could only buy those international insurance giants who had lost money.

The problem is that they are too expensive, and all of them have taken on huge debts. Buying them is not good for Abel's US strategy.

He also had to give up.

And this time, if you can get the three insurance companies of the Texas consortium at once.

The Pacific Commercial Bank will soon be able to make up for the weak insurance sector.

Just like the banking industry, it will also allow the Pacific Commercial Bank to suddenly become the dominant presence in the insurance industry in the Southwest of the United States.

That's why Abel heard that he could really control these banks and insurance companies.

He would almost agree with half the reasons in his mind.

Because the Pacific Commercial Bank, if it can eat these at once.

It's almost like Linghu Chong in The Swordsman, who learned the Yi Jin Jing while learning Dugu Nine Swords.

It's not yet time to dominate the martial arts world, but he will definitely become a peerless master in the martial arts world!
Abel is already very moved, but he has not forgotten that the Texas consortium still has good things.

It is difficult to satisfy the greed of human beings, but the greed of capitalists is even more satisfying.

Abel is now a qualified capitalist.

After thinking about it, Abel looked at George, and he spoke softly:
"Is that all? Compared with what Davis Brown talked to me last time, it's a little bit better. But it's only a little bit better."

"Of course there is."

George shrugged and kicked a stone from the wooden deck of the small dock facing the lake into the lake.

"Hughes Aircraft 15%, Texas Instruments 20%, Tenac 10%, LTV 15%."

"In exchange for the corresponding shares of companies such as Pacific Energy, Smith Media, Pacific Supermarket Group, or Smith Capital, the market price is the same."

"This is after my father talked with them. Their offer. Both my father and I felt very sincere. My father asked me to call you over and let me talk to you."

As George said, after listening to these conditions.

Abel also felt that the Texas consortium was really sincere this time.

The shares they took out this time have almost doubled compared to last time, or even more.

In terms of value, this time it is all based on the market price.

Even if most of the companies on both sides are not listed companies, it is difficult to use market prices to calculate.

But since the market price is used, it means that they have no intention of overpowering Abel.

Instead, I really want to cooperate with Abel on an equal footing.

This change in attitude can be regarded as a manifestation of their sincerity.

Abel thought again, not for long this time.

He held up three fingers to George.

"I have three ideas. Or requests."

George nodded, "Go ahead."

"The first one. I want you or Herbert to continue talking with them. It is always good to get a little more benefit. If you want more, half of it will go to the bush family."

Can you still get this kind of benefit when you are a middleman?

George couldn't be happier.

He felt that the third son-in-law was really good at doing things.

"No problem. I'll tell father!"

It was obviously impossible to get George to talk.

He really doesn't have that ability, and he thinks so himself.

Herbert is different, this is the real dragon of the bush family.The shrub can have its current status, and he is responsible for at least half of the success.

Abel nodded, and put down one of the three fingers.

With two fingers remaining, he continued:
"In terms of market value. Smith Capital previously valued at 4000 billion U.S. dollars. But it is no longer this valuation. When Soros took a stake not long ago, the valuation was already 4600 billion U.S. dollars. This is recognized by everyone, even Soros thought."

Soros and the capital behind him have officially invested in Smith Capital and joined the vested interest group headed by Abel.

At that time, Abel asked Soros to talk to Buffett himself.

I don't know what benefits Soros has given these people.

In the end, Smith Capital's shareholder meeting agreed to let Soros join in at a valuation of US$4600 billion.

Instead of the $5000 billion cap that Abel said.

George asked uncertainly, "Then what do you mean?"

"Davis Brown and the others can join. The valuation of Smith Capital must also be 4600 billion U.S. dollars."

George thought to himself that since even Soros's oily people who care about everything are approved.

The generous Texan had no reason to refuse.

He nodded: "No problem, I will let my father talk about it. I will remember it."

Abel lowered his second finger, leaving only one.

"I hope that Mr. Alexander Smith will become the representative of Texas next year."

Hearing Abel's three requests, one finally has his own domain.

George suddenly cheered up, he smiled and said:
"Even if you don't ask, we will try to support Alexander. I like Alexander very much, he is a true Texan!"

Abel shook his head, "We are us, they are them. George, my request is for the support of the Texas consortium. It's like supporting you as the owner of the White House, do you understand what I mean?"

George is not really stupid, at most he just thinks a little slower.

He knew what Abel meant, which was a little different from what he said just now.

George originally meant that the bush family would also support Alexander in running for the House of Representatives next year.

But it's just the bush family, plus Smith's own strength support.

Abel's request is that the entire Texas consortium must support it except for the shrubs.

This is naturally different in terms of strength.

A shrub family, just in Texas, is absolutely inferior to the Texas consortium.

"I understand." George nodded, "I'll tell my father that too."

George felt that Abel's last request might be the easiest to fulfill.

Just let Alexander become a member of the House of Representatives.

It's not about making him governor or senator.

The difficulty of the former is for their group.As long as everyone is willing to work hard together, it is not difficult at all.

Texas has a large population, and more than [-] members of the House of Representatives can be elected.

Places are not too tight.

The governor and members of the House of Representatives are different.

There is only one state governor and deputy governor, both must be elected.

The governor of Zhengzhou is the boss, and the deputy governor is also the speaker of the state assembly, with great power.

Not to mention the senator. To some extent, this position is more important than the governor.

There are fifty states, and each state has only two senators.

This is already the core interest of each state, and the group itself will fight to the death.

It is not something that can be traded.

Abel just asked for the House of Representatives, so George thought it should be possible.

Abel also laughed and said, "That's easy. Ah, then I can also become a real Texan."

Instead of being excluded by the Texas consortium, the Smith consortium formed an independent group.

In this way, there is already a rudimentary Smith Consortium.

It will be based on the existing media, energy, and finance.

All of a sudden, there will be more military industry, which is an extremely important field in the United States and even in the world.

At that time, as long as the Smith Consortium becomes stronger.

Relationship between Texas Consortium and Smith Consortium.

It will be like the relationship between Morgan and the DuPont consortium and the Cleveland consortium.

After all, a consortium itself is not a company registered with the relevant department.

Strictly speaking, it is actually a large group of capitalists and families united together.

Everyone controls a large group of companies together, and these companies integrate resources in various aspects.

Eventually formed an interest group.

Divide into consortiums and groups.That is also because of complex factors such as geography, bloodline, industry, etc., and finally formed a behemoth.

Like Morgan and Rockefeller, they are often compared.But in fact the two have already been half fused together.

This can be seen from the emergence of Morgan Chase.

Its predecessor is Manhattan Chase and Morgan Bank, among which Manhattan Chase Bank is one of the financial cores of the Rockefeller consortium.

This time, if the Texas consortium can really unite with Abel.

That is equivalent to the Texas consortium, which can make up for their lack of finance at once.

At the same time, he got the Smith Consortium, which has a wide network of contacts outside Texas.

For example, in the future, Davis Brown and his group can interact with Buffett and the others as allies.

And people like Buffett are equivalent to having a group of military-industrial complex allies at once.

Adding Abel as a buffer in the middle is beneficial to both parties, and both parties will be happy.

The Smith Consortium can also make up for the lack of regional influence at once.

Abel can be regarded as getting half of the admission ticket to enter the military industry!
Let's use the martial arts metaphor again.

It is a martial arts master who was originally only good at internal strength and palm skills, and suddenly got half of the Dugu Nine Swords sword spectrum.

After talking about the business, both Abel and George felt much more relaxed.

At this time, night fell and the sky was full of stars.

The Texas sky without pollution, even without the moon, is still very beautiful.

It was December tomorrow, and the two of them were still sitting on the pier next to the big lake at night.

When the cold wind blew over the lake, George, who didn't wear enough clothes, yawned again and again.

"Let's go back. Don't wait to catch you cold."

Abel also felt a little cold.

But his physique is very good, this level just makes him feel cold.Unlike George, both looked like they had a cold.

"Okay. Aqiu~Aqiu~" George sneezed twice more, and the two began to walk back.

"How long is your vacation this time?"

"Two weeks."

"I envy you. You can take such a long vacation."

"Whatever vacation, I still have to work here. It's just a different office location."

"Haha~ That's true."

You can also work while on vacation, so most of the owners of white houses in the United States will take more than [-] days of vacation during their tenure.

Back in the main building of the farm, it was around nine o'clock in the evening.

George went into the warm room, still sneezing.

It looked like she really had a cold, which made Ms. Wales complain for a while.

Abel was also shot.

But he didn't mind, Ms. Wales's complaints could be regarded as her family.

Even Abel estimated that Ms. Welsh might blame herself in this way on purpose.

This can also be regarded as a small means to draw closer to each other and make everyone more cordial.

In psychology, this method also has a certain reputation.

George looks like he has a real cold.

In the accompanying team of the great commander, the private doctor hired by the shrub family will appear immediately after being paid by the national treasury.

In the voice of Ms. Wales complaining about George, Abel laughed and left.

He went to the room he was assigned here.

Compared with the Smith Manor, which is more like a farmer's complex.

George's Crawford Farm is a typical Texas luxury villa.

The interior does not look like a farmer's building at all, and it is no different from the villas in the suburbs of Austin and Houston.

His one is for vacation, and the Smith family's one is a real farm.

Back inside, Abel took out his cell phone, which he spent two hours on the phone.

During these two hours, he communicated with the company's internal senior management, such as Alan Baker, Robert Iger, Michael Lyle and others.

I also communicated with members of the Smith Consortium, like Buffett, Soros, Bloomberg and others.

Abel revealed to them the possible alliance between the Smith Consortium and the Texas Consortium.

It can be regarded as giving them a bottom line.

If this is replaced by those serious big consortiums.

This level of cooperation is involved.

It is absolutely impossible without a large gathering of consortium members for at least half a month.

But now, the Smith Consortium is a nascent consortium.

Although the scale assets are already huge, the number of members is not so large.

Other consortiums are composed of more than a dozen or even dozens of families.

For the Smith Consortium, count Buffett and the others.

Now there are only five families including Smith, Shrub, Buffett, Soros, and Bloomberg.

PNC Financial Group doesn't count.

It can only be regarded as a member of the company, and there are countless controlling families behind it.

In fact, Buffett and the others are the same, but at least they have a surrogate family on the surface.

After all, Sullivanston was just a super worker.

Because there are very few members in the consortium, the combined shares of the members are not more than one-third of Abel's.

The Smith Consortium is naturally Abel's voice, and everyone can only listen to what he says.

What's more, the news he brought is good news for any member.

You will only be happy when you hear it, and naturally there will be no objection.

The dominant position in the consortium is what Abel has always insisted on.

Otherwise, what is the reason for his painstaking efforts to build this consortium?
Is it not for profit in the end?For his benefit?
Even the consortium itself, for him, is mainly used to protect his own interests.

For him, or should I say for all the leading families of the consortium.

The consortium itself is actually just a group of allies created to maintain its own interests and compete for more interests.

Whether it is the leading family or joining the family.

Gathering together to form a consortium, to put it bluntly, is the same as Abel.

Everything is for profit.

(End of this chapter)