Chapter 1784 It's better that they come to you
"Mr. Franklin is very sorry that since your current practice increases many uncontrollable risks, the board of directors needs to re-meet and discuss matters related to the CDS contract."
Before Zhou Ming and Franklin left the Wanderers camp, Franklin received a call from the insurance company boss.
Since Franklin and Meifang Company's status are here, he did not directly refuse to cooperate with Meifang's CDS contract, but just said that it needs to be discussed again. However, anyone can hear the refusal behind this statement, and it just gives both parties a step.
Otherwise, if a matter of even signing an intention contract, what else can we discuss again?
After hanging up the phone, Franklin wished he could pick up the phone and smash it: "He must have done this by this bastard Holland!"
"What are the destined coincidences? What can we say about everyone working together in the subprime mortgage market?"
"Bah! Is this all him a scam? Holland is just a mess with nonsense! I want to teach him a lesson!"
Franklin said that he was going to go over and teach Holland a lesson, but he was dragged by Zhou Ming and Rice. Although this matter was obviously caused by Holland, it would be too ugly to ask Franklin to come and argue with him so straight.
Franklin thought Zhou Ming didn't know the situation, so he told him anxiously: "Mr. Zhou Ming, you don't know that it is the number one insurance company in the United States and the most powerful insurance company. Other companies either do not have such flexible business or do not have such strong financial strength!"
This time, Rice was standing on Franklin's side. Rice also speculated that since Holland was going to do it, there would definitely be no one insurance company: "I guess Holland must have called all the top insurance companies. If he can get the support of Mr. President, it is very likely to convince them."
Of course, the persuasion mentioned by Rice does not really require those insurance companies to give up their cooperation with Meifang, because this is not realistic at all, just to ask them to wait and see for the time being.
And now, who has a more comprehensive capital chain? Meifang and Meidi are equally matched. Now that it is delayed by Meifang, Holland is completely confident that he will gain a larger share of the market.
Franklin looked at Meidi, and Holland showed a proud smile on his face as if he was demonstrating against Franklin.
Zhou Ming reassured Franklin: "I believe that President Walsh Jr. does have this influence. Holland can put pressure on the presidents of major insurance companies. If it is just a short wait and see, most of these insurance companies are willing to sell this face, but one thing is certain that he cannot put pressure on all capital!"
Franklin and Rice both noticed that Zhou Ming used the word "capital" here, not the word "company".
Franklin's eyes lit up immediately and said, "Mr. Zhou Ming, you mean that we don't have to look for insurance companies for CDS contracts? Can other private capital or any investor do it?"
Zhou Ming nodded and told him that this is what he meant: "After all, this CDS contract is not a strict insurance policy, and federal laws do not strictly stipulate the business scope of any company, so we can find several investment banks or other companies that can make money, which is OK."
"Okay, I'll call right away, and I happen to know the presidents of several major investment banks."
Zhou Ming's few words quickly rekindled Franklin's hope. He immediately took out his cell phone and called his friends in the investment bank.
At the beginning, Franklin was still full of confidence, but when the first call was answered, Franklin felt worried again.
On the phone, the investment bank president told Franklin that he was very interested in CDS contracts, and he also believed that the future real estate market would definitely be very prosperous, but the problem is that this is an investment banker, not an insurance company, which is not a common one in the investment banking field. Therefore, he needs to conduct appropriate investigations and discussions on this before making a decision.
Anyone with a discerning eye could hear that the investment bank president rejected Franklin very politely.
"It must be Holland, this guy, also notified the investment bank, this hateful bastard!"
Franklin gritted his teeth with hatred, but he had no choice. Who made it possible for him to have the support of the federal president behind him now?
However, Franklin did not give up. With Zhou Ming's encouragement, Franklin continued to call other investment banks and fund companies. In the face of Franklin's request for CDS cooperation, none of these companies agreed on the spot.
"It seems that Mr. Holland is determined to take advantage of this opportunity." Les said with emotion.
"I won't let him succeed so easily! Do you really think that if he has the influence of the federal president, he can really overwhelm me? This is not that easy!" Franklin said gritting his teeth.
However, Zhou Ming asked him to calm down first, because it is very likely that Holland was waiting for this decision.
Zhou Ming told Franklin: "If I were Holland, I would wait for you to use your own relationship to go to an insurance company or investment bank to customize CDS contracts, and then I would go to the media to hype it, saying that this is evidence that Meifang Company is in trouble, and even Meifang Company is likely to go bankrupt."
Zhou Ming's analysis scared Franklin in cold sweat, because Franklin knew very well that if things were the case, he bumped into Holland's arms, and then he might have to quit.
Franklin was scared when he thought of this. He looked at Holland, but happened to find Holland looking at it.
"I don't plan to let Mr. Franklin resign, but I must get the market share this time!"
Holland was also talking about this matter. As Zhou Ming was worried, Holland really hoped to see Franklin use his own relationship to suppress the task, because he had already contacted the media and waited for Franklin to do that.
Holland really made a ruthless move in this matter and mobilized all his resources.
But he had no choice. Franklin had entered the incubation period after all. With Wellington's resignation, the federal government's policy tilt will become less and less. Therefore, as long as he does not make mistakes, even if the company's profit is slightly less and the market share is lost, the board of directors will understand it.
But I am different. I am backed by President Walsh, and even real estate is still the top priority in the future. If the company's performance cannot be improved, I will not be able to say anything.
Therefore, Holland had to start from Franklin. After all, it might be a bit difficult to create a lot of market share, but when it comes to disrupting his opponent and reducing his market share, Holland is still a good player.
In the arena with only two companies, if the opponent's share is reduced, doesn't it mean that he has increased?
Looking at Holland's smile not far away, Franklin even more annoyed: "He must be very proud of the bastard who was raised by that bitch, but I won't make it so easy for him to succeed. I will keep calling, and I don't believe that he can really affect all investment banks and insurance companies!"
Franklin's idea is very good. After all, the United States is the world's leading financial power, and there are many investment banks and insurance companies on Wall Street alone. Not all of them support Mr. President and will buy Walsh's account.
Well, even if they all sold their face this time, they could still go to Bermuda to find Cayman and Virgin. He could never do every insurance company well!
"There is no need to be such a trouble. Instead of Mr. Franklin, you go to investment banks and insurance companies, you might as well let them come to you." Zhou Ming said suddenly.
Let investment banks and insurance companies come to find themselves?
Franklin stared at him. If it weren't for Zhou Ming, he even thought he was mocking himself.
Just kidding, Holland said in a word that those investment banks and insurance companies are so proud of themselves, but they don’t take themselves too seriously. Why do you let them take the initiative to come to you?
"Mr. Zhou Ming, do you have any publicity plans?" Franklin asked. In his opinion, Zhou Ming could only use his relationship with the media to promote and change the ideas of investment banks and insurance companies.
Zhou Ming shook his head and said, "I don't want to promote it. On the contrary, we have to do it privately and don't make any statement."
Zhou Ming told Franklin that he knew McClass, the boss of Pissart, and also told Franklin: "His Pissart company can also do CDS contracts."
Franklin suddenly remembered and said, "I know Mr. McClass is a shale oil exploration, but the funds he has are all corporate debts. Will he use corporate debts to guarantee the contract for us? Because the amount of a wanderer camp in Plata is over 100 million!"
Zhou Ming smiled. He knew that Franklin still didn't understand the gameplay.
The ultimate goal of the so-called CDS contract is not to guarantee these subprime loans, but to speculate.
Just like the US debt, he never thought about paying back the issue since his birth, and he always considered how to get others to take over.
"Don't worry, Mr. Franklin. I am the major shareholder of Pissart. I will not let my own company be drained from funds."
Zhou Ming then explained to Franklin that his current purpose is to build the CDS contract so that others can believe that the game can be played. Zhou Ming told Franklin with great certainty: "As long as the game starts, there will naturally be someone following it later."
Franklin frowned and was very entangled. He couldn't believe it. How could someone follow up when the game started? It is obvious that those investment banks and insurance companies now have this attitude.
At this moment, Franklin wanted to give up.
Zhou Ming saw his thoughts: "It doesn't matter if Mr. Franklin wants to give up, anyway, I can cooperate with him if I change to a president."
Only then did Franklin wake up that he was not the only partner.
In the end, he could only grit his teeth: "Okay, I believe you, Mr. Zhou Ming!"
Chapter completed!