Chapter 1420: Barbaric Growth
Do you want to buy a house? As long as you need to buy a house, we can provide you with loan services. New York Mutual Benefit Bank advocates freedom, fraternity and equality. New York Mutual Benefit believes that people with color and education should not be allowed to become obstacles to buying a house loan. Banks should help more people in need! Just like the name of the bank, I hope everyone will benefit each other!
An advertisement for a New York Mutual Bank triggered public opinion throughout New York and became the focus of everyone's discussion overnight.
Mortgage, unless you are a wealthy family like Piero and Beya who are born with a golden spoon in their mouth and are rich and wealthy at birth, you can't get around it even if you have an annual salary of one million.
The mortgage loans of regular commercial banks have the conditions for review, especially in the credit society in the United States, which has a long-established credit rating system. Under this system, the proletariat has not obtained the qualification of formal commercial banks to mortgage loans; as for other usury loans, most of them are unwilling to touch things like high amounts and low credit ratings and high risks.
It is precisely for this reason that there are so many people in the United States who rent a house for their entire lives, and there are even many people who sleep on the streets and subway stations with big bags of luggage.
Now that New York Mutual Bank suddenly releases such an advertisement, it is undoubtedly a blessing for these people. After all, who doesn’t want a house of their own? In this regard, it has been the same in ancient and modern times, both in China and abroad.
So the phone number from the New York Mutual Bank was directly blew up. Whether it was the two phones at the front desk or the phones of more than 20 business brokers, they were all without a stop. In the end, many anxious people went straight to the company and asked on the spot what to do with the mortgage.
In just a few hours, New York Mutual Bank flocked to thousands of customers, putting the building's security guards feeling extremely stressed.
Zhou Ming had foreseeed this situation, so in the afternoon of that day, Zhou Ming waved his hand and asked New York Mutual Bank to open several new offices in Brooklyn and several other districts, specifically responsible for the local mortgage review and issuance.
In just one day, New York Mutual Bank has gone from an unknown small investment bank in the past to a star enterprise in New York. Countless investors came to the door with money, hoping to get a share of the pie.
The original chairman of New York Mutual Bank was at a loss when facing these big bosses who had to look up and kneel down and lick them. He didn't know what to do, but Zhou Ming directly told these people: If you want to invest, you can, but don't want any equity. At most, you only have dividends from the company. However, with the current situation where the company lends everywhere, the company's books will only suffer losses, and it will last for a long time. If this is the case, you are still sure to invest.
Zhou Ming's proud attitude made the original chairman's eyes widen. He thought Zhou Ming's attitude was a bit too much?
Because in his long-standing impression, all investors are their own financial support fathers, so they should have a cautious attitude towards financial support fathers. But isn’t you pushing financial support fathers out like this?
But the fact surprised him because these financial fathers who he saw became humble little licking dogs when they arrived at Zhou Ming. It was obvious that the conditions proposed by Zhou Ming were unacceptable to him... At least as an investor, these financial fathers all accepted them happily and expressed their willingness to invest more money.
This made him begin to doubt his life: Has the world changed? Or is his original attitude wrong?
Of course, Zhou Ming would not tell him that this is the attitude of capital when chasing hot spots, especially when the hot spots are given to you by yourself, you can be proud of it.
The continued popularity of New York Mutual Bank has certainly attracted the attention of the media. The media's evaluation of this is polarized. On the one hand, it said that New York Mutual Bank is a very public welfare nature. It has helped countless people who want to buy a house but cannot obtain mortgages from banks for various reasons. On the other hand, it accused New York Mutual Bank of a very bad precedent. It sets high interest rates, undermining the stability and peace of the loan market. Even more powerful people directly say that this so-called mortgage is a scam.
It was normal for the media to hold various different opinions, but no one expected that the day after these media accused New York Mutual Bank, these media were thrown into protest, and then these media were on the news because of themselves.
After all, who doesn’t have a dream of wanting a house for themselves? Especially these lower-class people want to do it even more.
In addition, New York Mutual Bank still openly promotes freedom and equality, and allows different skin colors and races to share their own houses. This is completely in the hearts of all Americans. Many people immediately became fanatical fans of New York Mutual Bank after hearing this slogan.
Now you, the media, accused their idols, these people are not fighting with you.
You should know that many of these people have no legitimate and stable jobs, but they don’t have anything else, but they have a lot of free time. Now that they get angry, let alone marching and demonstrating, it’s common to ruin your TV station and newspaper.
This is the case with the New York Queen's Special Issue. This is an old white men's newspaper that promotes white supremacy all day long. Now they can't stand seeing New York Mutual Bank actually give black people a mortgage, so they are the ones who scold the most. In their opinion, those black people should sleep on the streets, and even when protesters arrive at the door of the newspaper, they still do this.
So the angry crowd smashed the newspaper directly.
Although the Queen's special issue was his own seeking death, all public opinion also understood the current situation and knew that the New York Mutual Benefit Bank was deeply loved by the people and that no media could afford to offend.
Therefore, the day after the Queen's special issue was smashed, the entire public opinion was one-sidedly supported the New York Mutual Bank, saying that this was a "good deed of giving potatoes to hungry people" and "a major event to make the races of different skin colors free and equal."
In short, it is praised that there is nothing in the sky and there is even a comparison between subprime loans and the Declaration of Independence, saying that this is the Declaration of Independence in the new era.
With the crazy assistance of the media, New York Mutual Bank has even started a wild growth model. In just half a month, it expanded from the initial small office to a large investment bank with twenty outlets.
The chairman and general manager of the bank admire Zhou Ming and thought Zhou Ming was simply God!
Because after Zhou Ming took over the New York Mutual Bank, he asked for a large-scale expansion of the bank. At first, the chairman and general manager believed that Zhou Ming was diluting their power at this time and deliberately trying to undermine their actions. They were even ready to run away at any time.
But they never expected that in just a few days, New York Mutual Bank became a star in Manhattan and even New York. The small office and those twenty people were not enough on the first day, and that reserve team prepared by Zhou Ming took over, and several new offices were established, and later twenty outlets were established to cope with it.
Although New York is the most prosperous city in the world, a New York is far from enough for Zhou Ming's appetite.
Subprime loans have to continue to be rolled out!
This is Zhou Ming’s plan, but the stall continues to spread, and a small New York mutually beneficial bank is not enough to see it.
"New York Mutual Benefit Bank is just a small investment bank in the final analysis. Its foundation is very poor. Perhaps now relying on the wind of subprime loans, he can rise rapidly, and relying on the professional team from the Tang family to continue to expand, but at most it can only be maintained in New York. If New York Mutual Benefit Bank has no operating experience in other states, it is easy to have problems. Simply put, New York Mutual Benefit Bank has reached its limit."
This is what Caitlin said to Zhou Ming, and Zhou Ming also understands this. They need to change partners.
However, after the sign of New York Mutual Bank was launched, the partners did not need to go to find them. Every day, as long as Zhou Ming came to the new office of New York Mutual Bank, there were at least fifty investment bank owners from different states waiting here.
After all, who doesn’t want to take advantage of the subprime loan?
"Sir, we are the Grand Canyon Investment Bank in Arizona. We specialize in low-end customers in Arizona. We have a large customer base and are very consistent with your subprime mortgage policy. So if you want to find cooperation, you must be right to find us!"
"Sir, I think the New York miracle you created proves the success of your project itself, so I think what you need most is an obedient partner, and we happen to be the most suitable one. We will definitely listen to you very much and execute any orders from you, and I can even give the chairman to you!"
"Father, if you are willing to invest in me, I can call you father..."
In front of Zhou Ming, these investment bank bosses from various states were like those who came out of the club to walk the catwalk, constantly posing with Zhou Ming so that they could sell themselves at a good price.
Zhou Ming did not have a good way to find out about these companies. He discussed with Caitlin. Caitlin, who has always been very wise and close to demons, could not tell all of them. After all, some companies have never even heard of names, and some even are superficial businesses of gangs.
But if we want to continue to grow wildly in a short period of time and spread subprime loans to the whole of the United States, it is essential that these guys cooperate.
In the end, Caitlin gave the solution: choose those who are relatively obedient, as long as they can implement their own strategies, it doesn't matter what methods they use locally.
One night, Zhou Ming and Caitlin finally finalized the list, and then in the morning, Zhou Ming asked the chairman of New York Mutual Benefit to call them to notify them.
The success of the cooperation is very happy, and the failure is extremely frustrated.
At the cooperation meeting where Zhou Ming invited them, Zhou Ming only said to them: "No matter what method you use, I only ask you to get more people to apply for our subprime mortgage as soon as possible!"
Chapter completed!