$ 10 billion!

The hand touching the chin could not help but stagnate, and Andy's half-squint eyes blinked. The eyes and the still-looking think tank chief adviser looked at each other, can't help but feel stunned.

"Oh, let's put this aside for the time being, let's finish the acquisition of Indy Mike Commonwealth Bank ..."

Even if Andy stuns this part of the funds, he will not give a definitive answer at present. This kind of thing is a bit inferior, but fortunately, he does not need to do it himself, but it will also attract some infamy.

Because it was agreed with fdi that the final negotiations would be held in the afternoon to discuss the final details, Andy's Little Versailles Palace became extremely busy for the first time, after all, it would serve as a temporary office for more than fifty men.

After the meeting, Andy took Alvitre to his extravagant study, sitting on a chair, ordering a cigar himself, and frowning a little bit.

"Al, you have given me a big problem ..."

Alvitre smiled slightly, picked up the coffee and tasted slowly, not caring about the entanglement of the young boss.

"It's going to chill many Americans!" Andy's solemn face shrouded in cigar smoke was anxious.

"Controlling the quantity and creating a record that is not the worst, but also one of the worst. This is no way. The bank can only use this method to reduce losses for those who cannot repay the loan. The boss cannot pay for it. Now, the spirit of the contract must be implemented. Everyone is not a child. When the house price rises, do they not pay the bank one more when they make money!

Boss, your compassion and sympathy are used in the wrong place. This is a business behavior, it is business, and it has no morals! "

The expression on Arvitelli's face suddenly became serious, and he calmly analyzed.

"Hehe ..." Andy shook his head and laughed, but he knew that Al's words were correct. Indeed, he couldn't afford the loan and let the bank lose money.

"Well, leave this to you!"

Andy eventually decided to deal with this matter in accordance with US practice, even if he knew that the deep meaning of Al was to actively create a foreclosure, let the court confiscate the property, and then sell it at a low price, triggering a total loss of fdi. Undertake the agreement and make up the loss from fdi.

In the afternoon, Pasadena, Los Angeles, in front of the headquarters of the Indy Mike Federal Bank headquarters, the US Federal Reserve Secretary Rick, the head of the Federal Deposit Insurance Corporation, and more than a dozen bank executives looked solemnly from A huge convoy of distant SUVs and a black Rolls-Royce drove in the distance.

"They are coming!"

"Bang bang ..."

The convoy lined up in a square at the bank's headquarters, all the doors were opened, and a group of straight-skinned Wall Street elites stepped down to the black Rolls-Royce in the middle.

The tall and strong Kenny opened the door, and Andy, who was also in a suit, stepped out of the car, stood in front of the car with a smile, looked around, looked at the headquarters of Indy Mike Federal Bank and was walking from the door. The group of people walking down the steps had their mouths slightly tilted and greeted them first.

The huge team behind Andy made passers-by around Indy Mike Federal Bank as well as employees and customers in the bank lobby curious. Everyone knew that this was a major event.

"Welcome to you, Mr. Smith. This is Rick, the Secretary of the US Savings Agency. This is ..."

"Hello there……"

Andy smiles and shakes hands with the people in charge of this negotiation. This is also the first time Andy has met with them, and the last key negotiation is to be held. In fact, there is nothing to talk about, mainly to confirm. Some agreement details, such as bank staff issues, and some things that require collaboration.

After all, in the acquisition of Indy Mike Bank, the bidding process was skipped directly, and it was not so "orderly", but this is also a way to do things. At this time, only Andy Smith has the ability and funds. There is also a willingness to be the receiver, fdi can not wait to transfer the bank immediately.

A group of seventy or eighty people entered the bank's headquarters building, attracted a lot of attention, and saw Andy Smith headed by the people around him laughing and joking, and some customers who were originally worried about the problems of Indy Mike Federal Bank. I could not help but think of a possibility, after all, fdi publicly stated early on that it would find a buyer for the bank.

"God, Andy Smith is going to buy Indy Mike Federal Bank ..." ...

Looking at the disappearance of Andy's party, everyone in the entire bank lobby was caught up in the discussion, and the bank employees were also a bit shocked, and then they were shocked. After all, no one knows if they change the new boss and they will not be Cut it off.

You need to know that 3,800 employees have been laid off before. Although there are not many real bank employees, most of which are loans from the Ministry of Housing and Construction, but who can guarantee that the new boss will not use them in order to reduce costs.

In the conference room.

"... No layoffs will be carried out for the time being. After all, it has already been cut down after the bankruptcy, and the regulatory agency has also carried out a perfect" post-mortem "on it. I believe that the current staffing structure is the most perfect. I have not opinion!"

Andy's words made everyone in the conference room full of weird expressions, and US Reserve Secretary Rick shook his head slightly.

"Mr. Smith, if there is no objection, we can sign the agreement ..." The person in charge of FDI hopes to throw away the hot potato on his hands. To be honest, the takeover of the Indy Mike Federal Bank is a benefit to FDI. No, not only must the cash deposits be continuously compensated, but also the dilemma of being continuously withdrawn with large amounts of cash.

"The purchase price of 1.5 billion US dollars, plus the injection of 1.3 billion US dollars, right?" Andy smiled slightly, looked at the negotiators in charge and confirmed again.

"No, no, Mr. Smith, I am afraid you are mistaken. 1.3 billion is a loss sharing agreement deposit, which needs to be paid to us fdi, and the bank injects funds, that is your funds to support bank operations."

Looking at the person in charge of fdi with a look of anxiety, Andy could not help but said apologetically, "Sorry, maybe I misunderstood it, Al, is that so?"

Everyone in the audience couldn't help but talk in their hearts. Nima, it's about a billion dollars, and the fool will believe that you understand it wrong.

US Reserve Administration Secretary Rick was rather speechless, even a little helpless looking at Andy Smith who was still teasing everyone. He knew that the young man in front of him had bought $ 10 billion from the Federal Reserve to buy Indy Mike. Commonwealth Bank.

But no one expected that this matter would be a big deal worth 10 billion yuan. After three talks, it became an acquisition of less than 3 billion yuan. Nima, this is simply beyond the expectation of many people.

But this is also no way out. Indimac's main assets are $ 23.5 billion in commercial loans, mortgage loans and MBS. Many of these are highly toxic assets. Almost many of them cannot be collected. Otherwise, how can it be called the subprime crisis. If this part of the asset is also included in the purchase price, I believe this bank will not be able to sell it for a lifetime.

"Mr. Smith, we need to complete the transaction as soon as possible to boost the market. After all, the dilemma facing the US banking industry is very difficult, and the run-on tide cannot let it continue to spread. I believe that the terms of this transaction are very beneficial to both parties. I believe you are also very clear about this! "

Knowing the truth, the US Federal Reserve Secretary Rick didn't bother to continue to spend time with Andy Smith here. It is the biggest concession that fdi agrees to sign the loss sharing agreement, and they are also worried about not doing this. Assured, Andy Smith, after learning of his toxic assets and debts, directly challenged him.

"Well, that's it! The agreement can be signed immediately, and I hope you can cooperate with my people to take over bank assets to avoid confusion, and I don't want confusion again!"

Andy closed the agreement, his expression became serious, and to be honest, there was nothing left to say, everything was settled in advance by Arvitt, and even the tactics of loss-sharing agreement were thought of. Amulet to avoid the worst losses in the past few years, there is no hesitation.

In addition, he can save him more than 7 billion US dollars for the next bank mergers and acquisitions, he is so cool!

However, if you want to come to Paulson and the Federal Reserve will be depressed!