Capital game is a necessary means for capitalists to expand themselves in the free economic market. It is a normal behavior in the commercial economy to defeat all business opponents and win the fruits through legal means. Although it may be too cold-blooded emotionally, this is the world, the real world.
Now, after the southern commercial bank and the imperial central bank hold more than 53% of the shares, they can let the western insurance company enter the sequence of bankruptcy protection anytime and anywhere. Never overestimate the morality of businessmen and underestimate their shameless degree, otherwise they will become a helpless loser like Mr. Jackson.
He not only lost a chance to take off, but also took on a large amount of debt, declared bankruptcy protection, and finally accepted the liquidation and liquidation of the bank.
So he stopped playing in another way. He wants to take refuge in Turin!
Mr. Jackson''s defection made Dooling more or less relieved. After the king and queen refused to participate in the insurance business, Mr. Jackson became a key link for him to win the war. Just connect some details together. He has figured out how to defeat the insurance company under the command of the southern commercial bank in this war.
It''s not Southern commerce, it''s the insurance company.
"Do you think your friends have reliable people?", Dooling opened the next page of the newspaper and kept looking down at the newspaper without looking at Mr. Jackson.
Mr. Jackson shook his head. "I don''t know who to trust or who not to trust. Some of them are ready to fall to one side, and some are hesitating, but it''s possible that they have made a decision, but they just didn''t show it."
Turin nodded, folded the newspapers together and stood up. "I see. Contact them and try to persuade them to stand with you. Things will turn around soon!"
Not long after he turned and left, Mr. Jackson stood up and chose the opposite direction to leave. Du Lin doesn''t want to guard against those officials who spy on him secretly. He hasn''t committed any criminal acts. He''s not afraid of being watched. He wants to guard against people who may be sent by the two major banks. Choosing a place with dense traffic is obviously a very good choice. People won''t be aware of what happened in a few minutes, If someone is really following.
From the current situation, the insurance companies established by the two banks have steadily eaten the western insurance company, as well as retail investors such as Mr. Jackson. They set up a very terrible business trap, so that these businessmen who wanted to bet on a tomorrow with the help of their contracts jumped in. This time they dug not a pit, but an abyss leading directly to hell. Dooling''s brain began to activate. If he guessed correctly, once the insurance business was determined to create good benefits and the risk was not as big as they thought, seven bankrupt businessmen might choose to jump from a building or swallow a gun to commit suicide.
They owe a loan of 50 million yuan to nanshang firm. Although 60% of their shares have been taken away, the rest of them owe a lot, including Mr. Jackson. He now holds 6% of the shares of the western insurance company. The current market value of the western insurance company is 50 million, but the negative assets are also 50 million. These two figures need to be calculated separately.
In fact, 50 million of the assets are not in his hands, which means that he bears 3 million liabilities for nothing, and has to bear the same proportion of interest from the second year. On the other hand, the two banks also used the name of loans when making capital increase instructions. Mr. Jackson holds 1.1% shares of each of the two banks, with total assets of 400 million and negative assets of 300 million. This also needs to be calculated separately.
In this way, due to the signing of a series of contracts, Mr. Jackson''s personal assets increased by 4 million, but his negative assets increased by 6 million. After the calculation of positive and negative hedging, which can not be counted as a statistical method, he inexplicably carried a loan of 2 million and had to pay interest for it.
It doesn''t seem very terrible, because in fact, there are two million assets belonging to him that are now in the bank. It does look like this. There is no problem. However, once the two major banks holding more than 53% of the shares of the western insurance company decide not to play with them, they only need to split the western insurance company first, split the part that is not in debt, that is, the $50 million in the bank, and then split the assets in debt, that is, part of the $50 million loan they bear.
Then sell the positive assets to the bank with absolute equity - sell them to the bank with a low price of 20 million or even 10 million under various names, such as the company''s good business profitability or other names, and then return the 10 million obtained to the bank in the name of debt repayment, so that the positive assets of the whole western company are sold out in the name of business services, The whole company has only $40 million in debt. Moreover, because of the unequal treaty in the agreement, Mr. Jackson not only had to bear 2.4 million, but also failed to pay 15% interest every year for three years. He had to pay back 3.48 million to the bank even with interest.
As for the insurance companies under the two banks, it is more simple. They still use the method of splitting and stripping that capitalists like most to strip out some advantageous industries and directly transfer them to the banks as a way to repay bank loans with low valuation. Even if they look better, 100 million fine assets were returned to the two banks at a price of 50 million, Now they still have a debt of $2.5 billion. At 1.1%, Jackson showed up with another debt of $2.75 million and the interest generated by this debt of $1.24 million. That is to say, he somehow owed the bank a loan of $7.46 million without doing anything.
The reason for this result is actually very simple. Their equity has been diluted to the minimum. They have no right to interfere with the management decisions of the general meeting of shareholders and the board of directors of the three companies. They can only accept this result. They can sue the two banks, but for this capital market, capital is everything. The two banks have enough time, financial resources and experienced rogue lawyers to file a lawsuit with them, and drag the lawsuit down indefinitely until they go bankrupt first.
At that time, the lawsuit will naturally be unable to continue because they are bankrupt, because they have no money to hire lawyers to continue to seek legal help. At that time, they may face a debt of tens of millions or even more. If the two major banks are suppressing the enterprises they are running, accelerating the process and increasing their debt, maybe after a period of time, each of them will bear more than 20 million debts!
Apart from jumping off a building to end their bloody life and draw a stop for this debt, they absolutely have no second way to go.
Capital has never shown a kind side. It has always shown people with bloody mouths. Sometimes some people are swallowed by this mouth, and sometimes they swallow others. Don''t try to see who is more pitiful through the results. In fact, from the day they embarked on this road, they are not worthy of pity. They are all ferocious participants.
Now, the point of Dooling''s failure is the 50 million "deposit" deposited by the western insurance company, or the western insurance company, in the southern commercial bank.
A group of people who didn''t even come in have begun to discuss how to close the door. Perhaps because they occupy too much advantage, they forget that there will always be a miracle, a miracle of wisdom, in the market and in the field of capital!
Along the way, there were many people who didn''t believe in this evil. Finally, they all handed in their honest answers.
The insurance industry without Dulin''s interference is indeed a place where the two words that have not been developed can not be easily said. There are countless gold and silver treasures everywhere. With the deepening analysis of the profitability of the insurance business by the think tanks in the two major banks, they increasingly feel that this is a good business second only to banks, or even better than banks. It is said that there has even been a slogan from the central bank - "let everyone have a security guarantee"
Stimulated by the great good news and unprecedented interests, the two banks quickly applied for an industry self-discipline organization in DIDU, called imperial insurance industry self-discipline Committee, and initiated the formulation of industry standards and industry access standards to the General Chamber of commerce according to the standards they negotiated and signed before. As long as these two documents are approved, the insurance industry in the Empire will become the back garden of the two major industries, and they always believe that these two documents will be approved without hindrance.
Based on their relationship with capitalists and the General Chamber of Commerce, it is impossible for the General Chamber of Commerce to block them for too long on an issue unrelated to their interests, which is not in line with the current interest demands of the General Chamber of Commerce.
In fact, the General Chamber of Commerce and the two major banks are facing the same problems, facing the pressure of the cabinet step by step, but there are some differences.
For the General Chamber of Commerce, margus''s attitude is very clear. He will defeat them when he finds an opportunity, and then take back the power of the General Chamber of Commerce for business approval. In the past, the merchants of the General Chamber of Commerce provided a lot of help to MARGES, but it was a private friendship and should not rise to the national level. At the beginning, the new party government was indeed faced with many crises. With the help of these businessmen, it passed the most difficult time. Didn''t they also give the General Chamber of Commerce nearly 30 years of development?
Now the international situation is changing more and more. The think tank of the cabinet believes that the war situation in the future is likely to change from armed conflict to economic war, which also makes Maggs want to get back the power that should belong to the government and is currently deposited in the General Chamber of Commerce.
As for banks, too many anonymous accounts have had a bad negative impact and caused great damage and losses to economic construction. The banking industry must be included in the government''s supervision, and even part of the power should be handed over to the government.
The General Chamber of Commerce and the two banks are a pair of rotten brothers.