blackstone code

Chapter 2740

The common people at the bottom are very ignorant.

This is a common perception among the upper class of society. Although they will not admit it publicly, this is what they think.

Because they have evidence.

This evidence comes from “big events” one after another, such as when people at the bottom are instigated by some people and trigger large-scale movements or demonstrations with unpredictable consequences.

Most of them actually have no direct interest in what they are doing. Some people have deceived them through some means.

And people who can be deceived by some stupid lies are not ignorant people. Who else can they be?

For example, a few years ago, Senator Langdon held an event about protecting the environment, and many people responded and participated.

They used the industrial pollution in a northern industrial town as a breakthrough to convince almost the majority of the federal people that if environmental protection is not implemented, humankind will perish!
So many people spontaneously started marching to call on people to care about the environment and protect nature.

But in fact, nature has survived longer than humans. People are going to hide underground to live their lives without seeing it, but is the world still indifferent?
There are actually many similar cases. People can easily be incited by some people. If they can tell the truth from the falsehood even if they are primary school students, they can make a group of people run around for something that has no direct relationship with them.

These are the ignorant lower class people!
Just like this moment!
The president of Jinhui Bank looked at the depositors queuing up outside the bank, waiting to withdraw their money, with a scary look on his face.

"Blackstone Bank's precise bullets hit the vital points of the five major banks." Such a shocking statement is often mentioned in newspapers these days. Some people use horrifying headlines such as "The End of Banks and the Rise of Blackstone" to get it. Attention.

But it has to be said that they succeeded.

In the praise of these media, Blackstone Bank seems to have become the last "pure land", while other banks are already facing huge troubles and on the verge of collapse.

In fact, at least half of these headlines and comments in the media are speculations without responsibility and evidence. Federal law gives them the right to express their own ideas, and this is where the abuse of basic rights most often occurs.

Those ignorant people do not have the slightest ability to distinguish. The media only said that the Global Communication platform will end the current inconvenient banking business.

People felt that the five major banks were going bankrupt. Not only were their stocks plummeting, but a wave of bank runs also began to occur.

It seems that the market value of Jinhui Bank is significantly higher than the total amount of depositors' deposits it announced, but about 30.00% to 30.00% of it cannot be cashed out immediately, and the remaining funds that can be withdrawn immediately will not exceed [-]%.

The rest are various loans and financial services, which are also difficult to cash out immediately.

This is why banks are so afraid of runs that they invest a large part of the money that depositors have in the bank.

Once depositors start withdrawing their deposits on a large scale and the bank cannot get out the money, it will face the damn situation of bankruptcy.

It's not that they don't have money, it's just that they can't cash it out in a short time. But just such a simple thing can also lead to terrible consequences and disasters.

"Do we still have enough money to cope with the current situation?" The CEO held a big pipe in his hand, and there was a flash of light in his eyes. He was obviously thinking about countermeasures.

The board of directors immediately responded to his question, "There will be no problems in the short term. Banks in each state know how to deal with this problem. We can delay it for another two to three weeks."

"Should we find a way to expedite those corporate loans?"

"If they can come back, it will go a long way to easing the current situation."

"Lending is also possible. Our assets are in very good condition. We don't have to worry about repayment."

In the history of the Federation, more than one bank went bankrupt due to bank runs. In the most primitive and barbaric early years, the banking industry had not yet formed a period of distinct classes.

The war between various banks can be described as very cruel. In order to quickly become the rule-setters in this industry, they have used all kinds of means.

Run is the most commonly used one.

At that time, they would often negotiate a contract with a hostile bank that they would find difficult to refuse, such as lending a large sum of money from a hostile bank at a price that is one or two times higher than the market loan interest rate.

Few banks can refuse such a loan request, but as soon as they lend the money, all kinds of bad rumors will appear.

The ignorant people who couldn't distinguish the authenticity began to withdraw money frantically. The result was obvious that the bank could not withdraw so much money.

In order to protect the interests of the people, the federal government does not rule out the possibility of other banks pushing behind the scenes, so this bank can only enter bankruptcy protection procedures.

As for those loans?

They will be bought up by other banks.

The five major banks have also encountered bank runs before, and more than once. They have very rich measures and experience in dealing with such situations.

Now all the tellers are stalling for time.In the past, handling withdrawals only took 10 minutes at most.

But now, while reducing the number of tellers, these tellers are asked to ask more questions, such as what they use to withdraw money for, and what specific uses they have, to remind them not to be deceived.

If necessary, you can also arrange some small questions for them to do, anyway, as long as it can delay time.

Often, it may take a customer 10 to [-] minutes to withdraw several hundred yuan from the bank.

Only three or four people can be processed in an hour, and one bank cannot handle many people in a day.

Other than that, the best way is to get the loan back from the lender, even if you lose a little interest.

In fact, it doesn't take much trouble to appease these ignorant people. You only need to show an attitude of letting them withdraw money at will, and at the same time tell them that in order to prevent malicious runs, only interest will be deducted when withdrawing money.

Many people find that there are no restrictions on withdrawing money. If they wait and see for a few days, they will soon deposit the money back again, or some people will stop wanting to withdraw money.

After all, withdrawing money will result in a loss of interest. This interest does not matter to rich people, but for ordinary people, it is also an important wealth income.

The president held his pipe in his mouth and shook his head, "It's not necessary or useful."

"If things get really bad, asking them to send the money back is not going to make our situation any better right now."

"The reverse is also true. If the situation had not deteriorated to that point, there would be no need for us to do this."

"Although we don't need to do this, we still need to be prepared for the defensive measures we should do."

The president gave an order, and the staff of the board of directors immediately knew what he meant.

Transfer some claims to independent third-party companies in some legal ways.

The transfer of assets is a bit difficult, but the transfer of claims is very simple. It only requires an evaluation report. It is believed that these debts are difficult to recover. In order to avoid total losses, they are transferred to other companies at a low price.

The financial market supports this. Company B owes Company A 10 yuan, but Company A itself is unable to get the money back and is unwilling to bear a complete loss.

They will transfer this part of the bonds at an ultra-low price, and the price is very low, usually 15.00% to 20.00% of the total debt.

Even if there is no hope at all, 5.00% is still possible.

As for whether there is any hope of recovering the loan, it must be decided by the risk department and the evaluation department, so this transfer of assets is completely legal.

In this way, Company C may have spent 5000 yuan to obtain a creditor's right of 10 yuan from Company B, and then they would liquidate the debt in their own way, thereby achieving a legal asset transfer.

This was actually the case when Lynch bought the national bonds of Gaevra before. Many capitalists in the federation followed suit and bought Gaevra's war bonds.

However, Gaevra refused to pay for federal purchasers. Many people believed that these bonds had become waste paper, and Lynch could recycle large amounts of large-denomination bonds at very low prices, even on a pound basis.

At this time, all the CEO was thinking about was how to deal with Lynch.

As long as they can deal with Lynch, those ignorant people will be able to get the tide of public opinion on their side again without spending much effort.

As for whether they would suffer crazy revenge from Lynch's remaining forces, they didn't care at all!
The scariest thing about Blackstone Capital is that Lynch is the only ruler, and his decisions will not be interfered by the board of directors, just like a dictator.

So he is strong.

For other companies, such as Jinhui Bank, whether it is the chairman of the board of directors or the president, any decision they make must be approved by a vote at a board meeting or general meeting of shareholders.

This causes many things to be delayed for a long time without resolution, because no one can convince anyone to do what they want.

Lynch doesn't need to, he can do whatever he wants, which is why the Blackstone system has strong execution ability.

But the core shortcoming of the Blackstone Department is also reflected in this. Lynch's personal prestige and power are too great. Once something unexpected happens to him, the Blackstone Department will soon fall into infighting and siege!
Lynch is the creator of the myth of the Blackstone system and the well-deserved "Emperor of Capital", but at the same time, he is also the most fatal flaw of the Blackstone system!
This is unlike other large consortiums where no matter who it is, the president, the chairman of the board of directors, any one, two, three, or more people have an accident at the same time.

No, at least it's unlikely to happen.

The CEO clutched his pipe tightly and looked at the idiots queuing up to withdraw money in front of the bank with cold eyes, a sarcastic look flashed across his face.

As long as Lynch is solved, everything will no longer be a problem!

There will be no problems with the bank, and they will also be able to obtain relevant technologies and practical items from the Global Communication platform. They will replace Blackstone and Lynch and become the "gods" in the new world!
(End of this chapter)