Chapter 1220: Chapter 417: No One Cares About the Disaster Victims (Part 3)
In fact, it’s very simple. Among these financial groups, Morgan, llon, and Astor are seeking to collaborate with Donnie to enter Florida.
They can’t gather so much capital in a short ti, but they know that Venus Bank had previously raised considerable funds to enter Florida, which hasn’t been used yet.
Rockefeller, DuPont, and Warburg are the ones seeking help from Venus Bank.
The three of them once controlled the comrcial market in Florida, but this hurricane not only severely impacted their investnts, but more importantly, with the collapse of Florida’s business environnt, all the leverage loans and business deals they made before will beco futile, aning their losses will start at a minimum of five hundred million US Dollars.
Especially the Warburg Family, who placed all their funds in Florida; their losses will start at two billion US Dollars!
In the 1920s, such losses could only be endured by a few financial groups, no one else could bear it.
The Warburg Family definitely couldn’t endure it!
“The Warburg Family’s business in the United States is completely ruined!” Café Jackson sat opposite Donnie and spoke softly.
The Warburg Family not only lost wealth; Paul Warburg, their key figure in the United States, also died in this disaster.
This is equivalent to the Warburg Family losing all their top connections in the United States.
Behind the New Woburg Company operated by the Warburg Family in Florida, there were investnts from many Arican consortiums and dignitaries. Now, their assets in Florida are liabilities exceeding assets.
“Not only their business in the United States but even their business in Germany won’t be spared. Even if Warburg Family mbers flee back to Germany now, they would still face endless assassination attempts and also debt pursuits from European financial groups!”
Robert spoke in a deep voice.
The funding for the New Woburg Company not only cos from the United States but also from many Jewish rchants in Europe.
Previously, the Warburg Family was a banner for Jewish rchants in Europe and the United States. But when the Warburg Family’s great house faced collapse, these Jewish rchants would certainly be among the first to kick them.
No one would think about their past relations with the Warburg Family at this ti.
Robert looked worriedly at Donnie and asked, “Will there be any problems with Zhan Ning on that side?”
Janine Woburg, whether Donnie wanted to admit it or not, was a mber of the Warburg Family. If the Warburg Family cannot put forth enough to match the consortiums’ losses, it’s hard to guarantee that these people won’t reach Donnie through Janine Woburg.
Donnie sneered and said, “I’d like to see who dares to trouble at this ti!”
Although he said so, Donnie knew that soone would definitely co around by then.
However, Donnie didn’t care about these matters but instead said to Robert: “Do you have any plans for this trip to Miami?”
Robert said, “I want to et with their governor first. Florida’s state governnt’s finances must already be facing problems in this disaster. Even if they wish to provide aid to the affected people, it will certainly be very difficult. But if ordinary people cannot be resettled, then they will surely face problems with their votes.
At this ti, they certainly won’t want the Republican Party’s power to increase, so as long as we can offer appealing enough conditions, I believe the negotiations have a high chance of success!”
Donnie nodded with satisfaction. Robert was not a rigid Republican. At this ti, it might seem like if they provided aid to Republicans in Florida, they would offer more help to Venus Bank.
But this is not realistic. First, although Democrats don’t care about the suffering of ordinary people, they can totally stir up the emotions of ordinary people. At this ti, the people affected in Miami and Florida urgently need an outlet for their emotions. If the Democrats seize this opportunity, it might easily beco leverage against them.
Secondly, the Democratic Party’s dominance in Florida is deeply rooted; this disaster can’t easily close the gap between the Republican and Democratic parties in Florida.
So Venus Bank can only use this matter as a bargaining chip to force the Florida Democrats to cooperate, rather than really playing this card.
“I believe by then they will certainly exaggerate their demands, so don’t be intimidated by their bluffing. Just grasp the fundantal logic that they indeed need help at this ti!”
Donnie continued instructing Robert.
Robert nodded and said, “I understand. So, what amount of bad debt can we accept?”
This entry into Florida will inevitably involve taking on so bad debts. Only Donnie can decide on this at Venus Bank.
Donnie waved his hand and said, “We don’t know the specifics of Florida’s losses yet, so I can’t provide specific numbers. You can decide based on our situation and the exact situation in Florida!”
Café Jackson showed a surprised expression for the first ti, as this decision by Donnie practically elevated Robert to a position above his own.
At this mont, Café Jackson felt a tinge of regret. If he had been the first to propose going to Florida earlier, would it have been him receiving this authority?
Donnie did not speculate about Café Jackson’s thoughts and said to the two of them, “Go discuss the matters of entering Florida with the others. I also need to call others back!”
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