freeallnovels Chapter 402
Chapter 402
2007 3 Month 18 Day.
A seemingly ordinary Sunday.
For most people.
This is just a slightly lazy day off.
Many people choose to sleep in.
Many of them didn't get up until after 10 o'clock or even until noon.
And on this day.
For many people, it seems too long.
……
8:40 am.
Many people haven't gotten up yet.
Even the few who are particularly diligent.
I was happily enjoying my first cup of coffee of the day.
The nation's top banks took unified action.
The collective announced that it would reduce housing-related loans.
Not long after.
8 points.
An announcement was made by Charlotte Shipping Bank.
said it would suspend an approximately $1 million loan planned to be disbursed to Pan American Home Lending Corporation.
At the same time, the company was also asked to provide new explanations for the loan.
If it cannot be proven that the company has sufficient repayment conditions.
Not only can the loans no longer be disbursed.
Moreover, the loans that have been disbursed must be recovered in advance.
The so-called Pan American Housing Lending Company is a company composed of the part of the business that was originally separated from Zhou Yao.
$1 million is no small sum of money.
Considered other amounts, it is even more astonishing.
But, compared to the news that followed, it was really nothing.
……
9 am exactly.
Two mortgage-backed companies listed on Wall Street issued profit warnings.
9:[-].
Another company announced that from the second half of last year to now, the company's new business has incurred bad debts of no less than 18 billion US dollars.
And from this time on.
Almost every few minutes.
There will be one or even multiple joint announcements.
Claiming that there is a problem with the operation of his company.
Even those who are not interested at all have their minds filled with this news all day long.
"Is it the end of the world?"
“What’s happening in the United States? There are so many companies getting together and there’s a problem!”
“Didn’t experts say yesterday that the economic situation was great?”
"Someone also recommended me to buy stocks."
"If you ask me, when the market opens tomorrow, the stock market will definitely plummet!"
Someone is complaining.
More people are becoming cautious.
Maybe it's like what the guy said.
When the market opens tomorrow, there’s no telling how much the stock market will fall!
However, the economic situation has really been improving in recent years.
Why didn't it work all of a sudden?
Just like that guy said, it's like the end of the world.
……
new York.
A group of big guys got together for a meeting.
As the least important minor role.
Adam Silver also came to the meeting.
He and the investment groups from the NBA he represents control a total of more than US$4 million in capital of the company.
Of course, each person cannot be compared with those big guys.
But US$4 million is not too small.
Those guys invest with them to make money.
His current status in the alliance is precisely because he can bring everyone to make money together.
Moreover, because of this, he has completely offended Stern to death.
In other words, Xiao Hua has no retreat at all.
Or he drives Stern away.
Or, Stern kicks him out.
The tenderness and tenderness like before are no longer possible.
And, look at the league.
Stern is not the only person Xiao Hua offended.
……
"Tell me what solutions you have brought to solve the problem."
"The stock market will definitely fall tomorrow."
"And it's a big drop!"
"This loss is inevitable."
"but."
"Loss and loss are still different!"
"All lost!"
"Too much debt!"
"Or maybe you only lose part of it, but you can still keep most of it!"
"These are different!"
The big guy sitting in the middle was talking endlessly.
Xiao Hua was not even sure whether the other party could call his name correctly.
Now Xiao Hua really wants to stand up and tell his plan directly.
This is a rare opportunity to show off your abilities in front of big bosses.
If you miss this village, there will be no such store.
pity.
Xiao Hua also knows it very well.
Now is not a good time to show off.
The big guys are worried.
If you say the wrong thing, it may be a disaster for you.
Maybe he won't need David Stern to deal with him, and he will be wiped out.
The point is, Xiao Hua himself has no idea.
Everything came so suddenly.
Yesterday I was having a good drink with the bankers.
Today, bankers hide from themselves like the plague.
And the sycophants surrounding him.
At this moment, they all disappeared.
all day long.
Xiao Hua made two calls directly.
The first call was to ask him to come over for a meeting in the evening.
The second pass was a manager at Charlotte Shipping Bank.
This is a manager I have never dealt with before.
Xiao Hua almost thought it was a scam call.
However, the other party can accurately report his account and has a clear understanding of the situation.
Still quickly gained Xiao Hua's trust.
The most important thing is that the other party did not ask for money.
Just inform him.
A new property certificate must be provided within 5 working days.
The reason is also very simple.
The certificates he had provided were no longer enough to support his loan.
Could it be said that he is already insolvent?
Xiao Hua couldn't help but feel fear when he thought of this.
……
2007 3 Month 19 Day.
Monday.
As everyone predicted.
U.S. stocks plummeted.
Major stock markets around the world.
U.S. stocks are the last to open.
Stocks in other countries have already fallen.
Naturally, Americans cannot be alone.
The Dow Jones fell more than 2%.
The S&P fell even further.
The Nasdaq fell nearly 3%.
The whole Wall Street was wailing.
No one is immune.
Pan American Home Lending Corporation held another meeting.
Just on the way there.
Xiao Hua received the call.
The NBA also has a meeting.
Does Stern not want to wait another day?
Xiao Hua was so angry that he threw the phone out of the car window.
The most important thing now is no longer the NBA.
This requires stabilizing the investment group first.
Everything else is fine.
However, Stern no longer planned to give him a chance to fight back.
It doesn't matter whether Xiao Hua comes to the meeting or not.
Some things can already be done first.
Of course, there are still big differences within the league on whether Xiao Hua has completely lost power.
Therefore, it is actually impossible to eliminate Xiao Hua in at least one meeting.
Stern can only be said to have set a tone.
The important thing is that the president finally let out a bad breath.
Next, the battle between the two sides is just about to begin.
The two sides are already at war with each other.
Everyone also knows that the real life-and-death battle has begun...