Chapter 141: China's Savior (Part 2)

'It's now 1:00 p.m. on November 21st, Eastern Time, and we are in front of the Federal Reserve Bank of Brighton. The most important Massachusetts financial conference of the day is being held in the bank building behind me. The conference is attended by all of Brighton's top financial figures, including Governor Edwards and the Bank of Brighton, and they are discussing the issue of Brook Investment Company, which has been most seriously affected by the subprime mortgage crisis.

'And just now, important news came from the Federal Reserve Bank of Boston. The financial meeting has ended, and all the important figures attending the meeting will soon come out for an interview. This is undoubtedly the most exciting moment, as it will determine the future financial situation of Brighton, Massachusetts, and even the entire New England region!'

With the excited tones of the reporters at the door of the Federal Reserve Bank of Brighton, the bank building suddenly opened its doors, and Governor Edward and Brighton Bank e and other top financial figures walked out of the building. Brooke was also in the crowd, but he was at the end of the line.

All the reporters had been waiting for this moment for a long time, so as soon as they walked out the door, they swarmed over them like flies around shit. One after the other, they snapped away with their cameras, shoved their microphones into their mouths like magic mushrooms, and asked questions in a chaotic flurry like a flock of ducks.

"Please tell us, did the meeting achieve anything? Which bank will ultimately help Brook Investment? What role did the state government play in this? Was it just a mediator, or did it provide financial guarantees for Brook Investment? Did the state government do this because of Brook's senior senator status, and was this an alternative form of power protection or power abuse? What impact will it have on the future subprime mortgage crisis? '

Faced with these questions that made his head spin, Governor Edward raised his hand to indicate silence, and then he said, 'Please don't worry, ask your questions one at a time, and we will tell you the truth within the limits allowed.'

After saying this, Edward paused for a moment before continuing, 'First, regarding the state's financial guarantee for investment in Brook Investment, I can responsibly tell everyone that this is impossible, because every cent in the state's finances is taxpayer money, and this money is needed for more urgent purposes than paying off financial investors! This was a promise I made to all my supporters at the beginning of my campaign for governor, and now is the time for me to keep my promise!'

After Edward, Brighton Banke, the representative of the bankers, also said: 'As representatives of the banks, we have also carefully evaluated Brook Investment Company and the current market situation and found that, for the time being, Brook Investment Company's net assets are simply not enough to repay its debts. In other words, at present, Brook Investment Company's one dollar of debt is not simply one hundred cents. More importantly, Brook Investment Company's debt will trigger credit default swaps.'

'I have to admit that these are very serious problems, and they are the reality that no bank or other financial institution can avoid. Therefore, the decision we finally made was...to withdraw from the rescue of Brook Investment.'

The decision made by Brighton Bank was like a bombshell, causing an uproar at the scene.

'The Massachusetts state government and Brighton Bank have withdrawn from the rescue of Brook Investment. Does this mean that everyone is giving up? Is the subprime mortgage crisis allowed to develop, to teach all subprime mortgage institutions a lesson? Is this a conspiracy between the banks and the government?"

The reporters asked excitedly, but neither Edward nor the other bank executives answered any more questions. They all left one after the other, escorted by bodyguards.

The reporters did not chase after Edward and the others as they left. For one thing, they all left by car, and they could not catch up on foot alone. But more importantly, the other central figure in the Brook case had not yet left, so they quickly turned their attention back to him.

'Senator Brooke, I remember you promising that your investment company would never go bankrupt and that the government and financial institutions would never give up. So why did they all unanimously decide to withdraw their support today? Is it because your power deals with them have failed, or is it just another manifestation of the conflict between Congress and the state government? Have you been abandoned by the existing financial system?'

Listening to the questions from the journalists in full surround sound, Brucke smiled wryly and said, 'I know you all want a big story, so I'll give you a big story. It is true that the state government and the bank have both withdrawn from the rescue, but that does not mean that my investment company is finished, because a company has already agreed to purchase the company's equity, and the funds are expected to be in place within a week.'

This news once again shocked all the reporters. Many of them couldn't help but exclaim in disbelief. What intrigued these reporters even more was that at a time when the state government and the banking group had retreated, which company had the financial resources and courage to take over such a hot potato?

Facing the curiosity of all the reporters, Brooke said with a face full of confusion, 'Wharton Insurance Company.'

This name made everyone freeze, because this name seemed familiar to everyone, but if you really think about it, you can't think of it.

After a while, someone shouted, 'Isn't Wharton Insurance a fraudulent company that was previously protested against? Wasn't this company already investigated by the Federal Bureau of Investigation, and its funds completely frozen, and even its company smashed? How can it still help Brook Investment Company and prevent it from becoming the first company to go bankrupt in the subprime mortgage crisis? It's unbelievable that the subprime mortgage crisis in Brighton ended up with a rescuer from China!

As he listened to the surrounding sounds of surprise, Brook's heart was breaking, because at this time he was the one who wanted to die most.

The reason was simple. Zhou Ming was the culprit who sent his son to prison, and he hated him so much that he wanted to throw him into the Atlantic Ocean to feed the fish. Even the previous protest against Wharton Insurance Company had even forced Zhou Ming out of Massachusetts, and he was the one behind Robert.

But now, he has to accept Zhou Ming's charity and sell the company he has invested almost all his financial resources in his entire life. What's going on?

Brooke looked up and looked at the sky at a 45° angle because he felt that was the only way to keep the tears from flowing.

However, in the sky, the scenes that had just happened at the Brighton Federal Reserve Bank seemed to replay in front of his eyes once again.

Just an hour ago, Brooke was still in the third floor conference room of the Brighton Federal Reserve Bank, having a meeting with the executives of various banks. During the meeting, these bank executives asked him very professionally about the company's assets, including finances and debts, and also asked him to explain the company's next stage of development and how it would get through the subprime mortgage crisis.

Brooke shrugged, thinking to himself that these people should all win Oscars. Everyone knew they were just going through the motions, but they were still acting so formal. Even though they were all the e of various banks, the decision still had to be made by someone else. As for now, there were no reporters here anyway, so it was fine for everyone to just kill time by playing a game of poker.

But since these people had asked, he had no choice but to take out the documents he had brought with him and answer, 'These are the financial statements of my company. Judging from the documents, the information in our accounts is very healthy. As for the next stage of the company's plan, we will try to realise the contracts we hold in hand to ensure that the company can gradually return to normal operations...'

Before Brooke could finish his words, the door to the meeting room suddenly opened, and then several familiar faces finally arrived. They were the patriarch of the Adams family, Christo, the governor of the Kendini family, Edward, the president of Harvard University, Lawrence, and the patriarch of the Lowell family, Louis. These were the people in charge of the Brighton Consortium.

However, what made Brooke stunned was that there was actually a fifth person behind these people, and that was Zhou Ming. What was going on?

Could it be that Zhou Ming was also an important figure in the Brighton Consortium?

As soon as this doubt arose in Brooke's mind, he immediately dismissed it, because he was a native of Brighton, had been with the Adams family for several years, and was very familiar with the Brighton Consortium. He had never heard of any Chinese family!

But if it wasn't, why was Zhou Ming here? Was he kidnapped? But why weren't there handcuffs or shackles on his hands? And what about the extremely powerful soldier king behind him?

Just as Brooke was puzzled, Christo came to the conference table and said, 'Gentlemen, I'm sorry to interrupt your meeting, but I believe my next words will have an unpredictable impact on you. I know you are discussing the problems of Brooke Investments, and I know that asking you to help is not the most appropriate choice. So just now, Mr. Governor and I discussed it with them.'

Christo did not beat around the bush and announced the answer directly: 'Our conclusion is that the governor does not support the state guarantee. He cannot convince the parliament, nor can he convince himself.'

This answer left Brucker stunned. He was screaming in his heart: Wait a minute, of course it's not the popular line 'Where is my husband?' But what does this decision mean? Although the state guarantee is not that important, at least it is an explanation. Now without this explanation, doesn't it convey the meaning of giving up to these bankers?

Sure enough, as soon as Christo had finished speaking, all the bankers spoke at once, saying, 'Without a financial guarantee, we're afraid it will be difficult for us to make a decision to continue the rescue, because we won't be able to convince our investors, and the board of directors won't agree.'

Faced with this situation, Christo was not in a hurry. He continued, 'Brock, don't worry. The abandonment of these banks does not mean that you have no chance, because I have already found the capital injection for you.'

Christo looked behind him before saying, 'It's Mr. Ming Zhou's Wharton Insurance Company. He is willing to fund the purchase of your company's equity and assume all your debts.'

As Christo spoke, Ming Zhou walked up step by step and smiled at him, saying, 'Hello, Congressman Brook. I know you don't like me and even hate me, but I am still honoured to be the saviour of Brook Investment Company. I hope we can cooperate happily on this issue.'

Hearing Zhou Ming's words, Brook was at a loss for words: 'Happy cooperation'? How could this be happy? This is the most ridiculous story in the world, with the weasel acting as the chicken's best man!