My American magical life
Chapter 852 - 852 48 Shameless Wrote 12K words after three cups of coffee asking for votes!!!_5

852: Chapter 48 “Shameless” (Wrote 1.2K words after three cups of coffee, asking for votes!!!)_5 852: Chapter 48 “Shameless” (Wrote 1.2K words after three cups of coffee, asking for votes!!!)_5 But the amount of money was too vast, once obtained, one could instantly jump to the top tier of the human order, even Mi’er, who was never short of money, couldn’t resist this temptation.

Sheriff Gru was meeting with the President of Komos Bank, which, as a regional bank ranked around fiftieth in America, had boldly taken on many non-standard businesses in several central states it deeply operated in, including issuing special bonds for public institutions or individuals.

It can be roughly understood that, on one hand, it lends high-interest loans to local state or municipal governments, non-profit organizations, and on the other, provides specific individuals with special bond issuance channels; in other words, this is an unassailable interest delivery business.

But due to the differences between local state regulations and federal laws, this seemingly unreasonable business was completely compliant, as for how one becomes a ‘specific individual,’ it mainly depends on one’s genes.

One of the major creditors of West State Logistics was Komos Bank, but behind the special bond projects through the penetrating funds stood Caramacris, thus, the meeting between Sheriff Gru and the President of Komos Bank was not going smoothly.

“You see, here lies our divergence, Mr.

Gru, as a bank with a sense of public service, Komos is very willing to support excellent enterprises like West State Logistics, but we must also be responsible for our clients.

You are clients of Komos, so I can offer you better credit to keep getting funding, but those bond fund providers are also our clients, I cannot do anything that harms their interests.

A very complex issue is to repackage short-term debts into long-term debts, I can help you design a plan, but it doesn’t necessarily mean someone will accept it.”

Beautiful nonsense, the president didn’t plan to relent at all, actually he didn’t care whether the clients were satisfied or not, what he cared about were the management fees and channel fees.

Among all the nonsense, the key point was ‘hard to sell’.

Gru, you need to add money!

If you West State want to change short-term debts into long-term, no problem, but the interest fee has to rise, we need to bite a bit more, OK?

“OK, you may not be quite aware of my style, I like making friends, but for those who are eyeing fiercely…

Mr.

President, if this is your attitude, I may need to consider the future cooperation with Komos.”

Sheriff Gru intended to threaten, but facing the representative of financial capital, he was ultimately not too foolish, eventually toning it down a bit.

However, the murderous intent in the eyes of this Black Police officer were built from numerous wrongful deaths; just one look into Gru’s eyes, and Komos’s President felt that chill.

“Mr.

Gru, I know you used to be the Sheriff of LAPD, but Komos is not under LAPD’s jurisdiction, OK?”

“For the debts due next month, I won’t repay Komos’s, let’s sue over the issuance of the debts being non-compliant!”

This reason is actually ‘reasonable’, reasonable but not lawful, yet the issue lies in that, once a lawsuit is filed, the duration becomes unpredictable.

Filing the lawsuit requires time, judgment requires time, appeals require time, when both sides can afford hefty legal fees, it might even reach the Chief Justice of the Supreme Court.

Sheriff Gru stood up, looked at the bank president opposite him, and showed a meaningful smile.

“You can hire the best lawyers and sue in the local courts you are most familiar with, launch media attacks against us, but remember, the war started because of your arrogance!”

The Black Police from the West Coast gave this financial capitalist from the central region a bit of a savage shock.

Mr.

President was messed up by Gru.

Dude, weren’t we talking?

I’m raising the price from the ground, you should counter-offer!

Why didn’t you counter-offer?

This is a key part of the ‘compliant’ solution series proposed by Gru for West State Logistics—differentiating debts to play for time.

Sheriff Gru pointed out a name from the debtors’ list, choosing a poor sap.

Who has the most lawsuits, the worst reputation, the biggest problems?

Komos Bank, it’s decided then!

He thoroughly researched the background of several banks that had debt relations with West State with his team, finding that Komos Bank’s operations were the most problematic, thus, he opted for a tactical default.

There are two considerations here, the first is to really default, dragging out the lawsuit aggressively.

Come on, fight a lawsuit with me for two years, during these two years, I won’t repay your debt.

In two years’ time, Gru could improve the internal cash flow of West State, solving a large part of West State Logistics’s short debts.

By then, even if West State loses the lawsuit, they would have the capacity to genuinely repay the debt, this plan could even be called perfect!

The second consideration is to force through this insidious plan, forcing Komos, which had the most problems, to accept his proposal on converting short-term debts to long-term debts.

So Gru deliberately acted foolish, being a high school graduate, he guessed that the President of Komos had probably investigated him already.

Playing dumb, is a special tactic!

At such a time, if the General Manager of West State Logistics were a highly-educated graduate from a prestigious school, Komos’s President might still consider the threat as nonsense, but Gru really only had a high school education.

Now, the President of Komos who had indeed investigated Gru before the meeting had no choice.

Yes, they could certainly win the lawsuit, but the problem is the debts West State owed could blow up Komos’s statements—Komos could survive, but he as the president might not!