Rebirth of the Strongest Tycoon

Latest website: Everyone is an elite boss. When Aubrey Demarais said this, everyone was silent.

Martin Bryan of the Progressive Conservative Party pours dirty water on the Liberal Party and criticizes the Liberal Party's government for its unfavorable financial policy.

But now after Joseph Chretien's press conference is over, the dirty water can't get on him.

Because he had already expressed his determination, Martin Bryan's lie was directly torn apart.

As a result, the approval ratings of the Liberal Party and Joseph Chretien are likely to rise sharply.

This is something they don't want to see.

The Liberal Party must step down, and must fail in the next month's general election and become an opposition party.

Harris Roshir said in a deep voice: "In the next month or so, we all need to work together to support the Progressive Conservative Party and fight the Liberal Party."

"Martin Bryan's ability is very strong, we have given him enough support, it should be enough for him to continue to maintain the advantage."

"As for ourselves, there are more important things to do."

Aubrey Harris thought for a moment, and slightly nodded in agreement with Harris Lowhill's opinion.

"We assist with political matters, and leave the rest to the Progressive Liberal Party."

"But we must solve the biggest crisis ourselves. The offensive of foreign capital is getting stronger and stronger. Our strength is constantly weakening. The situation must change, otherwise we will all be finished!"

"Not to mention the actual loss of interests, the invasion of Canada by foreign capital will definitely cause social unrest and will have a chain reaction. It is very likely that the approval rate of the Liberal Party will soar or even overtake.

"If the Liberal Party wins the election and continues to govern, we will be hit twice, lose the bank, and we will be drained of blood."

"Oh, no, I still have the support of Northwest Life Insurance Company, and I can hold it for the time being, and you..."

Speaking of this, Aubrey Demarais did not continue.

But from the darkened faces of everyone, it can be seen that their mentality has changed.

"I believe that everyone still has resources to mobilize. The reason why they are not used is because they have not found a strong counterattack and an opportunity to reverse the situation in one fell swoop."

"If we can't reverse the situation, even if resources are invested, we will lose our final resistance later. This risk is too great."

Andre Sfield's old voice sounded, expressing everyone's concerns.

"Andre is right. Now the advantage of short positions is getting bigger and bigger. Everyone is accumulating strength and letting the exchange rate drop even lower without touching the liquidation line. This can increase the cost of short positions. Reduce our cost of receiving orders."

"Everyone wants to fight back, but now we are short of a chance."

"Time is so tight, hey..."

...

Everyone was suffocating in their hearts, and they began to drink.

Although the ground is messy, but the core of the semantics is that the counterattack fighter has not yet appeared. All resources are invested in, and it may not be able to make a comeback. If the comeback fails, the ability to resist will be completely lost. This risk is too great!

"What if I can weaken the power of the bears?"

At this moment, Harris Roshir said with awe-inspiring eyes.

In an instant, everyone calmed down and looked at him with gazes.

"Harris, what can you do?"

"How strong can it be weakened?"

After a few seconds of silence, Joyce Gracie hurriedly asked.

"I also just found an opportunity. If done properly, I can withdraw all the funds of the Chicago Consortium!"

As soon as Harris Rohill said this, everyone was refreshed.

"really?"

"What is the opportunity?"

Even Aubrey Demarais was shocked, he didn't want to put on the air, and asked directly.

Don't blame him for being so nervous.

It is only because if Harris Rohill can really get the funds of the Chicago Consortium back, it will be enough to reverse the offensive and defensive trend!

Although the composition of short positions is now extremely complicated, the biggest main force is still the four major banks of the Chicago Consortium and many financial companies.

The biggest main force of the Chicago Consortium has withdrawn. In a short period of time, it is difficult for the bears to organize their forces. This is the best chance to comeback!

However, when faced with Aubrey DeMarre’s question, Harris Lowhill did not immediately answer, but said more enticing words: “The impact is more than that. If it is done well, it can also make the United States. The capital also shrank part of its power."

"Harris, just say it quickly, everyone can't help it."

Joyce Gracie urged impatiently.

The corner of Harris Lowhill's mouth raised slightly, and he slowly said, "That is to completely detonate the crisis of the Continental Bank of Illinois, and let the Continental Bank of Illinois suffer a run!"

Aubrey Demarais stared, and after thinking for a moment, he took a deep breath and nodded and said, "Harris, your method is extremely maneuverable, you can definitely try it!"

The reason for saying this is that Aubrey Demarais thought of the peculiarities of the Continental Bank of Illinois.

It can be said that among the four major banks of the Chicago Consortium, that is, the Continental Bank of Illinois, there is a possibility of being planned. This method poses little threat to the other three major banks.

It is not that the other three major banks have no hidden crises, but that they want these three major banks to break out of crisis, and it will be fatal in a short time, which is almost impossible to achieve.

But just switch to the Continental Bank of Illinois.

The key lies in two points.

One is the business model of the Continental Bank of Illinois, which involves the laws of Illinois.

Illinois is a state that implements the "single bank system", that is, banks are not allowed to set up branches in the state. Even after the Bank of Illinois on the mainland builds a new bank building, it must build a cross-street bridge in downtown Chicago to connect the two buildings of the head office. , In order to be regarded as the same building legally, this is a typical act of taking off the pants and farting.

But it is precisely because the law of Illinois does not allow the establishment of branches, the mainland bank of Illinois is the bank with the most funded associations in the United States.

Most of the funds of the Continental Bank of Illinois were borrowed from other banks, or commercial papers were issued through a holding company, and then transferred to the Continental Bank of Illinois.

The other three banks of the Chicago Consortium are also the top three banks with the closest and largest capital business to the mainland Illinois Bank.

Of the more than 30 billion U.S. dollars in deposits in mainland Illinois Bank, more than 90% are deposits by foreigners without deposit insurance, and deposits far exceeding the protection limit of 100,000 U.S. dollars.

In the United States, the Federal Deposit Insurance Corporation does not provide insurance for deposits exceeding $100,000.

So if the Continental Bank of Illinois is exposed to the risk of bankruptcy, it will definitely suffer the most serious run, because the 10% of depositors’ funds are not insured, and the bank of Continental Illinois will lose money if it goes bankrupt!

The reason why the Mainland Bank of Illinois can operate in this business model is that its interest rate is higher. Of course, the bank's management capabilities are also extremely strong, and the capital utilization rate and turnover rate are also extremely high.

It is precisely because of this situation that the Continental Bank of Illinois, which ranks as the seventh largest bank in the United States, is the largest commercial lending bank in the United States.

The second reason is the crisis encountered by the Bank of Illinois in Mainland China the year before.

In 1982, the Bank of Bourne Plaza, which lends the most, went bankrupt, and the Mainland Bank of Illinois held US$1.3 billion in loan bonds, which led to its involvement.

Of course ~www.readwn.com~ The more serious problem is that it is caught in the Latin American sovereign debt crisis, which has been affected again, making the credit portfolio of the Mainland Bank of Illinois a higher-risk business, which indirectly increases its financing cost and credit It has dropped a lot.

That is, the Chicago consortium secured Moody's, one of the world's three largest rating agencies, and continued to give the mainland bank of Illinois holding company AAA long-term debt evaluation, which fooled most people.

The loopholes have always existed, but no one in the United States is going to deal with it. After all, the collapse of the Mainland Bank of Illinois will cause financial systemic risks. According to US law, other banks cannot stand by.

Those in the United States who have the ability to engage in mainland Illinois banks will not do it, and ordinary people who are incapable will not be able to find out or do it.

But if it is replaced by Harris Rohill who is desperate, there is still no problem...

This is a draw from the bottom of the thirty-six plan!

PS: I still worked overtime today, and the meeting was held for a day, so the update was late, some typos, please catch the bugs, I will change it back later, now I will write the second update quickly