Financial industry workers talk about my understanding

Dariana 2022-06-02 16:14:13

What these two black buddies did was the same as that of some financial predators in the market chaos of China's financial industry in the past few years.
The film is politically correct to say that they bought the bank to help the black brothers to work hard and get rich. In reality, I believe you are a ghost. These two started to speculate in real estate, relying on bank credit to support long-term investment in real estate. The purpose of buying a bank is actually to finance real estate speculation. Convenience, concealing the identity, looking for an agent to control the bank, and then packaging the deposits of the depositor into a loan and lending it to the blacks. The purpose is to make the black brothers unable to repay the loan and purchase their mortgaged real estate at a low price.
Real estate speculation can be called the ancestor of the real estate speculation world.
Many domestic tycoons buy banks, use all kinds of false background credit business, transfer the loan money over and over, and finally transfer the money overseas, buying real estate, buying physical properties, buying art, buying equity, and there is only one purpose. Use the public’s money to fatten your pockets. Even if the bank goes bankrupt, there will be a state in which the government will pay for the maintenance of financial order. The Anbang, Tomorrow, and Huaxin systems are all this routine. Finally, The result was that the state gave them all in one pot, and the ending was the same as the two old blacks, going to jail + confiscating all their property.

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Extended Reading

The Banker quotes

  • Joe Morris: I don't trust white people.

    Bernard Garrett: How do you even go through life like that?

    Joe Morris: Truth be told, I don't trust black people either.

  • Joe Morris: No matter what, there's always something extra going on in the relationship. It's just the way shit is. And when you accept that, you can't get caught off guard when it rears its ugly head.

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