Chapter 366 Big Wood's trump card
It is impossible to say that the Morgan Consortium is still very fast. On the second day after Jack and Zhou Ming had a phone call, Kerr Risk Asset Management, wholly-owned by Morgan Trust, announced to the media that because the Big Wood Consortium refused to perform the contract, he would sue the court to terminate the contract and ask the Big Wood Bank to pay 3 billion US dollars in compensation in addition to returning 15 billion yuan of funds.
We were once full of sincerity and hoped to help Big Wood Bank through this difficulty, but everything was like the story of the farmer and the snake. We extended a helping hand to Big Wood Bank when it was most difficult, but he deceived us. Not only did they not fulfill the obligations stipulated in the agreement, but even the non-performing asset package of 15 billion assets was not delivered on time.
This is undoubtedly the worst deception. We can help the poor who cannot afford to eat for free, but we will never tolerate any scammers and scoundrels. Therefore, this lawsuit, we must make the Big Wood Bank pay the heaviest price for their irresponsible behavior.
This is what Kerr said when facing all the media. When these words were broadcast on TV through the media, George of the Big Wood family immediately swears.
Damn bastard, the Morgan family is simply the most shameless villain in the world. They are obviously the first one. Whether it is deception or breach of contract, why can they be so skillful to push the blame on us George was slapped at the table while scolding loudly, and he looked very angry.
Why did the Morgan family do this? They shouldn't have joined forces with us? Why did they betray us? Could it be that the Down family offered better conditions? Wood also said blankly, as if he couldn't understand the betrayal of the Morgan family.
After cursing for a while, George calmed down and said to Wood: My child, do you remember what I said to you? There is no ally in the world of money. The Morgan family always wanted to gain a foothold in Itley. They were never our friends. They were not now and could not be in the future. Therefore, their betrayal is not surprising.
With George's reminder, Wood immediately remembered something, and he said: Father, so did you expect the Morgan family to betray us very early, so you didn't do anything when the Down family made large-scale revenge on the Morgan family, right?
George sneered: You are too simple to take revenge on my child. Do you really think that the things the Down family did are really revenge on the Morgan family?
Wood stood there, obviously not understanding what George said.
So George continued to say to him: Think carefully, did every step of the revenge that the Down family had caused real trouble to the Morgan family?
Wood then suddenly realized: Father, after you said this, it is true. Although the Tang family shouted very fiercely to the Morgan family on the surface, in fact, all the revenge he carried out was the only one. As long as the Morgan family took action, the Tang family would give up immediately. I thought the Morgan family was too powerful. Now it seems that this was because they did it on purpose.
Wood paused for a while before continuing: I had some doubts. After all, in the revenge between them, the stocks of both of them not only did not fall, but were still rising. This is so strange.
George nodded: They were acting on purpose for us. They thought they had good acting skills, but in fact they were just two clowns performing.
Speaking of this, George sighed again: It's just a pity that I didn't see their conspiracy earlier, otherwise we wouldn't have faced the current situation, but fortunately it's the weekend.
George smiled bitterly as he spoke, because that was the case. Due to the lawsuit of the Morgan family, the Big Wood Bank not only had to be refunded for all the $15 billion in non-performing assets, but might even have to bear 3 billion in compensation. With the current situation of Big Wood Bank, such a lawsuit would undoubtedly be a worse deal. If it weren't for the non-trading day on the weekend, it would be obvious that Big Wood Bank's shares would have faced a large-scale plunge.
However, George and Wood both understood that this was just the difference between immediate execution and probation. Even after the market settled over the past two days of weekends, the outbreak on Monday would be even more terrifying.
Is there any way to save or stop the stock market? Wood asked.
George shook his head: There is no way, unless we can solve this $15 billion non-performing asset in these two days.
Wood was silent because he knew very well that George was following his words, and there was another sentence that was impossible. Or it could be said that even if they had the ability to solve this 15 billion non-performing assets, it would not be that they could solve all the problems, because with the skills of Zhou Ming and the Morgan family, they would definitely come up with other conspiracies.
Wood thought so, and he cursed again: Damn, why is this happening? Why is Zhou Ming and the guys of the Tang family not obediently? Why is the Morgan family working well with us suddenly changed their strategy? Does God really prefer that guy Zhou Ming so much? This is really awful thing
George gently patted Wood's hand and said to him: Don't worry, my child, our Big Wood family has been in Italy for more than two hundred years. Over such a long time, our family has experienced a lot of betrayal. The reason why it can be preserved until now is because we still have our own trump card.
Hearing this, Wood's eyes lit up, he asked in surprise: Father, do we have special trump cards to deal with both the Down family and the Morgan family at the same time.
It's not that great, but at least it can help us easily overcome this difficulty. We can only wait for this matter to pass, and we can slowly settle the accounts of the Down family and the Morgan family. George said with a grim smile.
As Kerr filed a lawsuit in court, the Morgan family took the initiative to launch a conference call with Zhou Ming and Tang Ran.
Since Jack had already understood who was making the decision here in the previous meeting, he directly found the right goal: Mr. Zhou Ming, with your attention to current affairs, I think you must have known today's news.
Mr. Jack refers to Kerr Risk Asset Management’s lawsuit against Big Wood Bank, Zhou Ming said, to be honest, this surprised me, because although I believed you would do it before, I didn’t expect you to be so direct, which made the Big Wood family miserable.
Mr. Zhou Ming is indeed very concerned about current affairs. Jack continued, "I do this just to do things more directly. At least my advisory group told me that as long as they return all their 15 billion non-performing assets, they will be done." But it's just a pity that today is not a trading day, otherwise the stock of Big Wood Bank will definitely collapse again.
The collapse is just a matter of time. So, Mr. Jack calls now. Did he specifically ask me for credit? Zhou Ming asked.
Faced with this problem, Jack was happy: If I could take credit, I would definitely not mind, but I think Mr. Zhou Ming, you are not a person who will accept the test of credit, so I just want to exchange ideas between the two parties and discuss what to do next.
This is due to the fact that we cannot wait for the Big Wood family to collapse itself. So Mr. Jack, do you have any good suggestions? Zhou Ming asked.
I know that no matter where we can maintain everything, money. Now the Great Wood family can still rule Itley because he has the most money in Itley. So if we can have a way to make him lose more money, then they will speed up their collapse.
Please tell me the truth, Mr. Jack, saying that is equivalent to returning the problem to me again, but the Morgan family is an expert in the money industry. Zhou Ming said.
Jack also said: Mr. Zhou Ming has been awarded. I think since the current affairs are planned by Mr. Zhou Ming, I should respect Mr. Zhou Ming’s choice. Of course, I also believe in your choice more.
Since that's the case, I won't refuse. Zhou Ming said that my idea is very simple, continue to create a run for Big Wood Bank, and at the same time initiate acquisitions of other companies controlled by the bank, so that they must disperse their already small funds again.
It's a very simple method, but it's very practical. Jack thought about it and asked again, but Mr. Zhou Ming, even if we understand the current situation, we still can't underestimate the Big Wood family too much.
Zhou Ming thought of something and asked: Does Mr. Jack think he has any trump card?
Mr. Zhou Ming, you should also know that the United States is a new country, with only a few hundred years of history in history books. The Great Wood family existed before the United States became independent. So for such a long time, it will naturally have its own background and unknown secrets. The Great Wood family is no exception, so I think the closer we are to victory now, the more careful we should be. Jack reminded.
So that's it. Thank you very much. Zhou Ming then changed the subject, but I think if Mr. Jack's trump card also failed.
Only then did the Big Wood family be completely defeated Jack smiled. It seems that Mr. Zhou Ming is more ruthless than me, and he actually has no chance to turn things around.
Just treating others with his own way. Didn’t he do this when he joined forces with the Morgan family?
Zhou Ming teased and then hung up the phone. After closing the phone, Zhou Ming turned around and asked: Mr. Mayor, now you can trust my cooperation with the Morgan family.
The person sitting next to Zhou Ming was Mayor Martin of Itley. Although Zhou Ming had explained it clearly to him last time, he still did not believe in the cooperation between Zhou Ming and the Morgan family. So in order to prove it, Zhou Ming had to bring him to participate in this conference call. However, in order to ensure the smooth flow of the phone, Zhou Ming asked him not to say a word.
Martin was obedient. Sure enough, when Zhou Ming was talking on the phone, he didn't make any sound. Until now, he was still excited: Mr. Zhou Ming, this is really incredible. I didn't expect that you really joined forces with the Morgan family. Now the Great Wood family has no way out.
Chapter completed!