In Mr. Jackson''s narration, Dooling knew what had happened in the morning. He had a separate talk with Mr. Jackson five days ago. At that time, Mr. Jackson didn''t completely turn to Dooling, but he made an agreement with Dooling.


    At that time, Dooling assured Mr. Jackson that the two banks could not support an opponent to compete for their future interests. No matter what promises the two banks gave them, they would eventually formulate some legally effective termination agreements and let them go bankrupt when necessary to release the market potential.


    Such capitalists as cultivating an enemy and being knocked down by him to prove the change of the times, or beating him down to prove their strength when he is strong, do not exist. The essence of capitalists is full of endless desire for interests. Perhaps there have been such "outstanding" capitalists in history, but they are all dead, There''s not even bone residue left.


    The more mature the economy is, the more experience it has when playing the capital game. If one day you feel that someone doesn''t ask for return, sincerely wants to give you the best things for you and thinks about you all the time, there are only two possibilities:


    The first possibility is your family and elders. Their love for you will never be mixed with anything else.


    The second possibility is that the person must be the sales manager of a company. Before you sign, you can regard him as the son who has been separated for many years but moved by filial piety.


    In the morning, Mr. Jackson arrived at the meeting. After meeting, everyone took out the insurance company registration certificate as agreed before. The shareholders were their "retail investors". Then they signed an industry self-discipline letter and agreed to the requirement that the deposit put forward by Mr. Taylor should not be less than 50 million.


    Then Mr. belito took out a stack of agreements that were two inches long. After the lawyer explained, they signed their names. After signing, Mr. belito did "give" them $50 million. However, the 5000 yuan was not directly handed over to them, but continued to be placed in the Treasury of the southern commercial bank, or in the corporate account registered by the western insurance company in the southern commercial bank.


    In the agreement between them, when the western insurance company has to pay insurance benefits, after the preliminary examination and approval of the western insurance company, they submit the compensation application to the southern commercial bank. The southern commercial bank organizes an investigation team to investigate. After the investigation results believe that the compensation should be paid, They will take out the insurance money that needs to be settled from the 50 million Li that they put in their own vault but belong to the western insurance company and hand it to the equity holders.


    In other words, the southern commercial bank doesn''t need to take out a penny of real gold and silver. The western insurance company has already borrowed 50 million from them. The reason for this is that they open the company account of the insurance company in the southern commercial bank and "deposit" the money, Belito and Nan firm are equal to changing their left hand for their right hand, and they have set up a third insurance company.


    Such behavior and posturing is an insult to Mr. Jackson and others, but they have signed a series of contracts, including a series of agreements with southern commercial bank.


    According to the agreement they have signed, if they stop playing now and declare bankruptcy and liquidation, they will also have to bear a loan of 50 million yuan. As a "special" loan, if the money can not be used for special business, that is, the deposit of the insurance company, they must pay normal bank interest for three years, Only after three years can we repay the principal!


    To put it simply, the western insurance company, that is, Mr. Jackson and others opened a company account in the southern commercial bank and deposited the $50 million lent by the southern commercial bank to them as the deposit of the insurance company. In this process, the southern commercial bank and the western insurance company signed a different loan contract. The southern commercial bank lent 50 million cash as special funds, that is, the industry margin of the western insurance company, to the western insurance company without mortgage.


    Because there is no collateral, in order to ensure the safety of funds, the southern commercial bank asked the western insurance company to ensure and sign a special fund contract. In the supplementary terms, the 50 million loan must be stored in the southern commercial bank. At the same time, in order to avoid risks, the claims proposed by the western insurance company can only be paid after being confirmed by the southern commercial bank, To prevent insurance fraud and cash out.


    If the western insurance company loses its business ability and qualification to provide insurance services for any reason, the 50 million loan will be implemented at the normal loan interest rate for three years!


    From a commercial point of view, in this series of contract agreements, although southern commercial bank is very strong, they have done nothing wrong. There is no collateral and no specific thing to resist the risk. They have a good conscience and can be called a business model.


    But then there are a series of problems. The most prominent is the cross shareholding of the three insurance companies. According to the requirements of southern commercial bank and imperial central bank, the three companies exchange shares according to the market value. To some extent, this is very good news for retail investors such as Jackson, It''s like a group of poor people built a three story old house with bricks picked up by the roadside. Now they exchange the two floors of the old house for two rooms in the two skyscrapers next door. Anyway, they made a profit.


    But is that really the case?


    Of course not. Playing the capital game with banks and bankers is not a simple thing. The reason why Mr. Jackson and others are willing to sign the previous contracts and agreements that are not equal and obviously put themselves at a disadvantage is that the two banks have taken out cross shareholding as an inducement.


    They can become the shareholders of the two insurance companies and complete a gorgeous transformation. They have nothing to lose. As long as the two banks are really willing to sign, they make a profit.


    However, the operation of the next two lines made them realize that from beginning to end, neither of the two lines had considered them as partners. Perhaps their one-time handy tools were more suitable!


    The market value is calculated according to the previously agreed market value - according to the idea of Mr. Jack and others, each of the three companies has a deposit of 50 million. Although the three companies have been registered, they have no other assets so far. It can be said that the current market values of the three companies are equal.


    They have too high a banker''s conscience and face protection, and too underestimated their ambitions and means. Subsequently, belito and Taylor both took out a new document. The two lines "coincidentally" borrowed 150 million cash unconditionally and interest free from the two insurance companies, and the margin of the two insurance companies directly increased from 50 million to 200 million! In other words, the total assets of the western insurance company at this time are only 25% of either of them!


    According to the requirements of "equivalent" cross shareholding of both parties, southern commercial insurance company and imperial insurance company each took 15% of the shares as the proportion of cross shareholding, of which 7.5% was part of the exchange of shares between southern commercial insurance company and imperial insurance company, and the other part was 7.5% of the shares of the two companies, It will replace 30% of the shares of the western insurance company, that is, 60% of the shares of the western insurance company will be held by the two major banks.


    In just a dozen minutes, the western insurance company became a puppet of the two major banks, and they also undertook a heavy loan. What makes Mr. Jackson more dissatisfied is that even if only 40% of the remaining shares are owned by seven people, they are not owned by one person, Everyone was allotted shares ranging from 3% to 8% according to the number of shares.


    This... Why is it different from what we think?


    But at this time, a lot of pre contract documents have been signed. It''s too late for them to go back. Not to mention the terms and punishment system involving breach of contract, only 50 million is enough for the seven successful businessmen who dream of making a fortune. In addition, the opinions of these seven people have been unable to be unified. Some people must begin to rely on the two banks, and the two banks say that the bank is optimistic that the insurance business will continue to inject capital when they leave. Mr. Jack has realized that he will not get his share in this game, but may also bear a huge debt.


    This made him directly make the final decision, completely turn to Turin and cooperate with Turin to seek self-protection.


    If the two banks continue to inject capital to dilute their shares, Mr. Jack and his "friends" have only two ways to go. Either they continue to inject capital to ensure that the shares of the two banks'' insurance companies they hold will not be diluted to the extent that they are not even shareholders because of the continuous capital injection, or they will sit and watch the two banks continue to inject capital, The proportion of shares in hand continues to shrink, and it is likely that it will only be 0.0% to 0.0% in the end!


    From the essence of commercial economy at this time, in fact, Mr. Jackson''s property has not shrunk, because 1% of a million is 10000, and 1 / 1000 of 10 million is 10000. However, after the equity is diluted, they do not have a say. At the same time, with the capital means of the two major banks, they can easily break their cash flow, force them to go bankrupt, and then recover this part of the equity from them at a very low price.


    This is a normal way to play the capital game. If everything is true and fair, there will be no story of big fish eating small fish. We have long had no competition and have fun. It is precisely because there are many reasonable and unreasonable means to enable some people to buy gold in other people''s hands as stone, so there is a prosperous economic market and financial circle.