Lee Kun-hee got rid of the troubled case at a cost of $660,000, and returned to take charge of the Samsung Group. However, the troubles Lee Kun-hee faced were not completely resolved. Lee Meng-hee and his son, especially Lee Jae-hyun, were still jumping up and down outside, using some tricks to continue to disgust Lee Kun-hee.

Through the media, Lee Jae-hyun first asked gunmen to comment on the government's pardon for Lee Kun-hee's sentence, pointing out that donations exchange sentences are serious illegal in democratic countries. Since Lee Kun-hee pleaded guilty, he must honestly finish his sentence in prison, rather than being pardoned after spending a large sum of money like now. In this way, the dignity of the law is in line? Where is the national equality?

However, not long after this voice was made, Lee Jae-hyun received a message from the President, asking him to shut up immediately and not allow such reprimands. Although Lee Jae-hyun was extremely dissatisfied with the old pervert of Mr. President, he could not twist his thighs after all, and he had no choice but to stop his remarks on this regard.

But Lee Jae-hyun is not a waste of money. Since he cannot criticize the government, he immediately targeted Lee Kun-hee himself and Samsung Group, and pulled a group of people to clamor for Lee Kun-hee, as the chairman of Samsung Group, without convening a board meeting and through the consent of all shareholders, he arbitrarily used Samsung Group's money to donate to the government. This has obviously violated the Company Law and infringed on the interests of many shareholders and shareholders.

Regarding Lee Jae-hyun's accusation, Samsung Group immediately responded, saying that the donation of this money is not only a donation, but also an investment of Samsung Group, because Samsung Group has obtained government authorization in the 214 Winter Olympics event, which means that Samsung Group will become one of the members of the organizing committee of this Winter Olympics. According to the definition of commercial investment in the Company Law, Samsung Group is indisputable in its operation.

Then, Lee Jae-hyun asked, no matter how Lee Kun-hee and Samsung Group defended, donation is donation, investment is investment, where is the reason and statement of turning donation into investment? Moreover, no one can guarantee whether South Korea can obtain the right to host the 214 Winter Olympics. If it cannot get the right to host, how can Samsung Group ensure that investment profits? From this point of view, Lee Kun-hee and Samsung Group are clearly quibbling, trying to fool everyone with the intention of changing concepts.

Subsequently, Samsung Group came up with a cooperation agreement signed with the government for the organizing committee of the 214 Winter Olympics to show that Samsung Group is correct and does not violate the laws and regulations in this regard. At the same time, Samsung Group also asked those guys who are picky about the bones why they cannot look far and look at this issue from the broader level of the country and nation. Could it be that as a responsible and internationally renowned company, if they do something for their country and nation, they will be criticized like this?

The two sides were having sex, and the verbal fuss was particularly lively. At the same time, Lee Jae-hyun also formally submitted an indictment to the Seoul District Court, demanding that Lee Kun-hee and his son return the shares owned by their father and son in Samsung Group, dividends, etc. As soon as the outside world learned about this, it immediately attracted great attention. The whole South Korea was almost excited as if he was injected with chicken blood, and he moved a small stool and sat happily watching the feud between the Samsung Lee family.

A big drama was staged in South Korea, attracting the entire South Korean people. At this time, the United States also staged a bigger drama. Compared with South Korea, this drama was much bigger because it attracted almost the attention of the whole world and even brought huge changes to the world economy in the future.

As early as last year, the Federal Reserve raised interest rates 17 times in a row, raising the federal funds rate from 1% to 2. The sharp rise in interest rates greatly increased the burden on home buyers for repaying loans. Moreover, since the previous year, the US real estate market has shown signs of decline and cooling. With the decline in housing prices, mortgages and financing have been greatly affected, resulting in many lenders being unable to repay their debts as scheduled.

In July this year, there were obvious signs in the market and the financial market began to experience severe turmoil. By the B month, a noun that was well-known to future generations finally appeared like a thunder, and the subprime mortgage crisis in the United States finally began.

The first ones that were impacted were some lending institutions engaged in subprime mortgage loans, including some financial companies and funds. The most famous of them were real estate mortgage giants Fannie Mae and Freddie Mae. Fannie Mae suffered huge losses in July due to the impact, with a loss of up to US$70 billion. Freddie Mae’s losses were also extremely huge, initially estimated to be approximately US$40 billion, and the loss is still increasing due to subprime mortgage reasons.

In the month of B, several major fund companies still struggled to save the defeat. They had no choice but to ask the government to help. With the help of the Federal Reserve and the Securities and Exchange Fair, the stock market temporarily stabilized. But who knew that this was just a phenomenon of returning to the future, and the real crisis still existed.

By the end of the B month, the stock market began to plummet, and the major fund companies that were struggling to support could no longer withstand it. First, Fannie Mae declared bankruptcy, and the US Treasury Department announced custody. Then, Freddie Mae, which had a slightly smaller loss, allocated more than $2 billion in the government to support it for some days and followed Fannie Mae's footsteps to declare bankruptcy.

Immediately afterwards, there was a rumor about the suicide of Freddie Mac executives, vice president and chief financial officers in the basement of their residence. This was even more exciting. With the financial crisis caused by subprime mortgages, it was like a monster that began to sweep the financial market, and then spread to Europe, Asia and other regions at an extremely astonishing speed.

In just 48 hours, central banks around the world, the subprime mortgage crisis that swept the world, urgently mobilized a total of US$3.6 billion to put out the fire, but its effect was still microscopic. As time went by, the subprime mortgage crisis had increasingly damaged financially, and it has been called the worst financial crisis since the Great Depression in the 1930s. Moreover, although this financial crisis started with subprime mortgage institutions, it had spread to industrial institutions with development and had a huge impact on the real economy. Even the Chinese market across the ocean was greatly affected.

At the beginning of the subprime mortgage crisis, Zhou Liwen watched its development closely and issued a series of orders to its enterprises and financial institutions continuously. Because Zhou Liwen predicted in advance, his enterprises, including the No. 1 National Bank and investment bank, gradually withdrew from the subprime mortgage market more than a year ago and turned to other investments, so compared with other banks, financial institutions and funds, Zhou Liwen's losses were the smallest.

Of course, this subprime mortgage crisis that swept the world was inevitable in any case, because it even had a huge impact on the real economy. Zhou Liwen's industry, including his core industry Or Company, was also hit in this subprime mortgage crisis, but due to Zhou Liwen's excellent preparation and defense, in addition to the overall sales decline, its operating conditions were still good.

As for financial institutions, Zhou Liwen has not had many other actions except for the investment bank to carry out some targeted operations. Some people may say that in the case of a crisis in the financial system and the entire stock market plummeted, it is also a good time to make money. Just use a large amount of money to sell it short? This will not only reduce losses, but also make a big profit.

In fact, people who say this are just laymen with only a slight understanding. Theoretically, this operation is feasible, but if you operate too much, you are completely seeking death. Just imagine, when the world is saving the market, your financial institution actually takes out dozens or even tens of billions of dollars and sells shorts with ten or even twenty times of financial leverage. Isn’t this the opposite of the whole world?

This situation is not allowed by any country. If Zhou Liwen dares to do so, then the next day, people from all walks of life, such as the FBI, the Ministry of Finance, the Taxation Bureau, etc. will directly ask him to have coffee. Even when such a thing is disclosed to the outside world, Zhou Liwen becomes a public enemy of the earth and will die without a place of burial.

Except for appropriate small-scale operations that do not cross the red line, Zhou Liwen cannot take risks unless he is tired of living. The most important thing at the moment is to maintain the stability of his industrial institutions and enhance resistance to overcome difficulties.

"How much have we lost?" In the new headquarters building of National Bank No. 1, Zhou Liwen sat in David's office. Although he had a cup of coffee made by Miss Doris in front of him, Zhou Liwen had no appetite at all, but looked at David solemnly.

"Thanks to previous preparations, the initial estimated loss is about 100 million to 11.56 million US dollars." David smiled bitterly with lingering fear, took out a statistical table from the drawer and handed it to Zhou Liwen.

"Is this all the data? Including debt?" Zhou Liwen took it and looked around, and asked at the same time.

"The debt aspect has been included. If the crisis does not last too long, I plan to pack up some of the debts and sell them in a few days, maybe it can be saved."

Zhou Liwen shook his head. Although David's idea was good, he did not know the power of the subprime mortgage crisis. In fact, although the worst time of the subprime mortgage crisis has passed, its sustainability and impact are not so easy to eliminate. Until 214, the global economy did not fully recover. The debt packaging and sale method commonly used by the banking industry is at least temporarily unfeasible, and these debts are likely to be in his own hands.

A loss of 11.56 million US dollars. If the losses of other industries in this subprime mortgage crisis are added, Zhou Liwen's total losses are roughly less than - billion US dollars. Although this number is huge, it is already a tiny amount for Zhou Liwen's entire industry market value. Of course, these losses do not include his losses in the stock price. If the loss of stock value is to be calculated, then this number will have to increase at least a few dozen times.

"Let's talk about debt packaging later. You are an expert in this field. If there is a suitable buyer, just take action directly. No need to report to me again." Zhou Liwen thought about it and replied.

"I understand." David nodded in agreement. He actually knew that under the current circumstances, there were basically no banks or financial institutions that would take the initiative to accept debt packaging business. In fact, this sub-prime mortgage crisis almost scared David's heart disease. This was the first time he encountered such a serious financial crisis since he started working. You should know that his father was still young during the Great Depression. Although he had heard of the terrible Great Depression, it was impossible for anyone who had not experienced it personally.

As a banker, especially the successor of the family bank, David's family survived the Great Depression. But this time, if the bank had not been acquired by Zhou Liwen, and after the reorganization, it reduced its subprime mortgage business at Zhou Liwen's strong demand. It even completely ended its cooperation with Fannie Mai and Freddie Mai more than half a year ago, perhaps the No. 1 National Bank of America would have been wiped out in this subprime mortgage crisis like some other small and medium-sized banks.

David shuddered when he thought of this, especially when he learned that Freddie M.F.’s vice president and chief financial officer committed suicide, David even took out a few heart attack medicine and swallowed. Facing the rich man and boss who are younger than his son, David was sincerely grateful in his heart, and even thought that Zhou Liwen was simply a wizard. Maybe he was God’s illegitimate son, otherwise how could he judge this in advance, so that National Bank No. 1 was only slightly damaged in this crisis and was not completely implicated?

"Tell me about the future arrangements." Zhou Liwen rubbed his temples. He had not had a good rest these days. He had to make a final decision on too many things. Six hours of sleep every day had become a luxury. Just like now, his eyes were covered in blood and his body and mind were exhausted, but he still had to continue to stand up for the time being.

David roughly told Zhou Liwen about the corresponding measures he discussed with the bank's senior management, including several shareholders. His measures were nothing more than shrinking money, reducing venture capital, increasing the proportion of loans to the industry, etc. After David finished speaking, Zhou Liwen thought silently and didn't speak for a long time.

"Do you think it's too conservative? If you have any good suggestions, we can discuss it." Seeing Zhou Liwen pondering for a long time, David couldn't help asking.

"No, dear David, these measures are actually pretty good. Although conservative, they are steady and steady. I think no banker, including the chairman of the Federal Reserve, can't find any problem." Zhou Liwen waved his hand and said. David was relieved when Zhou Liwen said this. You should know that the age gap between the two sides is not small. As a young man, Zhou Liwen is of course radical in the eyes of outsiders, otherwise he would not have created such a huge business empire in a short period of time. David is different. His decades of banking career, coupled with his age and current complex situation, David's choice of steady and steady is the most appropriate corresponding strategy. He is worried that he would be too stable and make Zhou Liwen feel dissatisfied, but Zhou Liwen affirmed his actions.

"Thank you, if you have no objection, the bank will follow this step next. Of course, if the economy improves in a year, we can also make new adjustments anytime, anywhere."

Zhou Liwen nodded: "Yes, I'll approve this." Just as David smiled, Zhou Liwen suddenly said: "But David, I want to make another suggestion."

David was stunned and quickly said, "Please tell me."

"This subprime mortgage crisis will damage the entire financial industry. Perhaps in the absence of many days, a large number of banking industries, including financial institutions, will go bankrupt. You won't deny this, right?"

"Of course there is this possibility." David nodded in agreement: "To be honest, if we had not been your support at the beginning and we would have withdrawn from the subprime mortgage business in time, it would have been impossible to continue to talk about these topics like now. The financial crisis caused by this subprime mortgage is really too serious. Needless to say, after the news I have received now, nearly a hundred small banks and financial institutions in the United States are on the verge of collapse, and more than a dozen have gone bankrupt and liquidated directly."

"What a tragedy." Zhou Liwen sighed, and David sighed heavily. As a banker, although his peers are competitors, when he saw so many peers being involved in this crisis and thus completely failed, this is a result that no banker would want to see.

The rabbit dies and the fox is sad. Maybe this is the mentality. Facing this reality, the individual's power is so small that even the powerful United States can't stop the crisis from happening. So what can a banker have the ability?

"There is an old saying among Chinese people, "Zhou Liwen lost his horse." Zhou Liwen said quietly.

Seeing David showing a puzzled expression, Zhou Liwen specifically explained this allusion to him. After listening to Zhou Liwen's words, David suddenly realized and understood Zhou Liwen's meaning.

"You mean that this subprime mortgage crisis is not only a difficult situation, but also an opportunity? Maybe we can use this opportunity to expand the banking industry?"

"That's right" Zhou Liwen nodded in admiration. Although David was old, he was very experienced and could be easily understood at all.

David frowned and thought for a while, put his left hand in his right hand circle, and his fingers wearing a wedding ring gently tapped his arm. After a while, he said, "This seems to be a good idea. We have suffered very little losses in the crisis. With the bank's financial preparation, we can acquire some banks or financial institutions appropriately and take this opportunity to expand. But I have a question, the funds needed are not a decimal. I don't know how much support you can provide? You know, I don't want the disorderly acquisition to affect the National Bank of America itself."

"Don't worry about this." Zhou Liwen thought David would object, but who thought he was worried about the funding issue. Zhou Liwen still had some money. Although he suffered a lot in this crisis, the lean camel was bigger than a horse, and taking out billions of dollars was just a bit of pressure for Zhou Liwen.

More importantly, this is indeed a good opportunity for the No. 1 National Bank of America, including Shanghai Bank and investment banks to expand outward, and it is also a "big purchase" of the No. 1 National Bank of America, these institutions, and even Zhou Liwen himself. As Zhou Liwen's business empire became larger, he felt the lack of talent, and the most elite talents in the United States were not in the enterprise, nor in the political circle, but in the financial circle. With the occurrence of the subprime mortgage crisis, a large number of top elite talents lost their original jobs and status. Isn't this a rare opportunity?

(There are so few votes recently, please vote for votes!)
Chapter completed!