America's Road To Wealth Chapter 357

  Chapter 357 Everything for profit

   To be honest, Abel has already agreed to half of the conditions proposed by the Texas consortium.

  Four banks plus three insurance companies.

  Once they are incorporated into the internal system of Pacific Commercial Bank and Smith Capital.

   Let's talk about the banks first. They will make the Pacific Bank of Commerce a famous big bank in the United States in one fell swoop.

  From the perspective of capital, Abel remembers that these four banks, each of them, have almost tens of billions of dollars in assets.

  The four banks together have already surpassed the Pacific Commercial Bank by a lot in terms of capital volume.

   Not to mention they also have assets in custody, which add up.

  In the future, it will only make financing easier for Abel.

  Then there are these banks in Texas, as well as several nearby states radiated by Texas. These banks all have a large number of branches.

   Prior to this, Pacific Commercial Bank had grown to 180 branches.

   But most of these branches are on the west coast, mainly in large and medium-sized cities in California.

   There are at least 130, all in these places.

  The remaining fifty or so are in major cities across the United States.

  But in other vast American lands, there is basically no Pacific Bank of Commerce.

  The Pacific Bank of Commerce, just like its name, has influence in the region near the Pacific Ocean in the United States.

  If the Pacific Commercial Bank can annex these four banks.

  The new Pacific Bank will suddenly become the Pacific Financial Bank Group, which will have more than 800 branches in the United States at once.

  In the southwestern United States dominated by Texas, it will directly become the overlord of commercial banks and retail banks.

   At least in the southwestern United States.

  The new Pacific Bank of Commerce will have the influence of Wells Fargo in San Francisco, Bank of America in Los Angeles, and Citibank in New York State.

   There are three other insurance companies, and their joining can also immediately complement the insurance field that Abel has just started so far.

  The insurance industry is a very important industry in the United States.

  It is the financial industry, a very important component and supplement.

  In the 1820s, the first marine insurance organization in the United States was born.

  The insurance industry in the United States has gradually developed and grown just like its economic development.

  The US insurance market is the largest in the world.

  Whether in the global insurance industry or in the US domestic financial industry, the US insurance market occupies a very important position.

  In the US insurance market, there are a large number of insurance companies, including large companies and many small and medium companies. They coexist in one market and compete fiercely.

   In this competition, a small number of large companies are in an advantageous and monopoly position.

  For example, there are more than 2,000 property and casualty insurance companies in the United States, and the top 10 account for nearly 50% of the market share; the same is generally true for life insurance companies.

   Such an important area, of course Abel will not let it go.

  In fact, Pacific Bank of Commerce has an insurance department within itself.

   To be precise, it is a subsidiary company named American Pacific Commercial Insurance.

   Strong sense of sight, right? Who told everyone to be on the shore of the Pacific Ocean?

   It's just that compared with the rapidly developing commercial banks, Pacific Bank's commercial insurance performance is very poor.

  Abel's previous idea was to directly acquire a large insurance company.

  For example, in 9/11, those companies that lost a lot.

   But Abel discovered after careful observation.

  In 9/11, the big insurance companies that really lost money.

  All are insurance giants outside the United States.

   Several American insurance giants, such as AIG, MetLife, CNA Financial Insurance Group, etc., basically have compensation amounts in the hundreds of millions of dollars.

   And those European insurance giants have lost billions of dollars, or even billions of dollars

  Companies like Munich Reinsurance, Swiss Reinsurance, Lloyd's of London, etc. are even more weakened and on the verge of bankruptcy.

   What is even more exaggerated is that most of the insurance policies that made these European insurance giants pay so much were bought a few months before the 9/11 incident.

   And these insurance policies were originally owned by those American insurance giants.

   It's such a coincidence.

   You say it's awesome or not.

  So Abel's final investigation found that the domestic insurance giants in the United States seemed to be in a bad mood, but it was just what they looked like.

  He couldn't buy any of them.

  Even General Reinsurance, which has been screaming miserably, is one of Buffett's insurance companies.

  It also lost more than 500 million US dollars.

  Compared with those international giants, it is a drop in the bucket.

  If Abel wants to buy, he can only buy those international insurance giants who have lost money.

  The problem is that they are too expensive, and all of them have taken on huge debts. Buying them is not good for Abel's US strategy.

  He also had to give up.

   And this time, if we can get the three insurance companies of the Texas consortium at once.

  The Pacific Commercial Bank will soon be able to make up for the weak insurance sector.

  The same as the banking industry, it can also make the Pacific Commercial Bank suddenly become the dominant presence in the insurance industry in the Southwest of the United States.

  This is why Abel, after hearing that he can really control these banks and insurance companies.

  He would almost agree with half of the reasons in his mind.

  Because of the Pacific Commercial Bank, if you can eat these at once.

   It's almost like Linghu Chong in The Swordsman, who learned the Yi Jin Jing while learning Dugu Nine Swords.

   It's not yet time to dominate the martial arts world, but it will definitely become a peerless master in the martial arts world!

  Abel is already very moved, but he has not forgotten that the Texas consortium still has good things.

  Man's greed is difficult to satisfy, but capitalists' greed can be satisfied even more.

  Abel is now a qualified capitalist.

  After thinking about it, Abel looked at George, and he spoke softly:

   "Is that all? Compared with what Davis Brown talked to me last time, it's a little bit better. But it's only a little bit better."

   "Of course."

  George shrugged and kicked a stone on the wooden deck of the small dock facing the lake into the lake.

   "Hughes Aircraft 15%, Texas Instruments 20%, Tenac 10%, LTV 15%."

   "In exchange for the corresponding shares of companies such as Pacific Energy, Smith Media, Pacific Supermarket Group, or Smith Capital, the market price is the same."

   "This is after my father talked with them. Their offer. Both my father and I feel very sincere. My father asked me to call you over and let me talk to you."

  As George said, after listening to these conditions.

  Abel also felt that the Texas consortium was really sincere this time.

  The shares they took out this time have almost doubled or even more than last time.

   In terms of value, this time it is all based on the market price.

  Even if most of the companies of both parties are not listed companies, it is difficult to use market prices to calculate.

   But since the market price is used, it means that they have no intention of overpowering Abel.

   Instead, I really want to cooperate with Abel on an equal footing.

  This change in attitude can be regarded as a manifestation of their sincerity.

  Abel started to think again, this time he didn't think for too long.

   He held up three fingers to George.

   "I have three ideas. Or requests."

  George nodded, "Say it."

   "The first one. I want you or Herbert to continue talking with them. It is always good to get a little more benefit. If you want more, half of it will go to the bush family."

  Being a middleman can still get this benefit?

  George couldn't be happier.

  He felt that the third son-in-law was really good at doing things.

   "No problem. I'll tell dad!"

   It is obviously impossible for George to talk.

  He really doesn't have that ability, and he thinks so himself.

  Herbert is different, this is the real dragon of the shrub family. The shrub can have its current status, and he is responsible for at least half of the success.

  Abel nodded, and put down one of the three fingers.

   With **** remaining, he continued:

"In terms of market value. Smith Capital previously valued at 400 billion U.S. dollars. But it is no longer this valuation. When Soros took a stake not long ago, the valuation was already 460 billion U.S. dollars. This is recognized by everyone, even Soros thought."

  Soros and the capital behind him have officially invested in Smith Capital and joined the vested interest group headed by Abel.

  At that time, Abel asked Soros to talk to Buffett himself.

   I don't know what benefits Soros has given these people.

  In the end, Smith Capital's shareholder meeting agreed to let Soros join in at a valuation of US$460 billion.

   Instead of the cap of 500 billion U.S. dollars that Abel said.

  George asked uncertainly: "Then what do you mean?"

   "Davis Brown and the others can join, but the valuation of Smith Capital must also be 460 billion U.S. dollars."

  George thought to himself that since even Soros's fussy oilmen would agree.

  The generous Texan had no reason to refuse.

  He nodded: "No problem, I will let my father talk about it. I will remember."

  Abel lowers his second finger, leaving only one.

   "I hope that Mr. Alexander Smith will become a member of the Texas House of Representatives next year."

  After hearing Abel's three requests, one of them is finally his own domain.

  George suddenly cheered up, he smiled and said:

   "Even if you don't ask, we will try to support Alexander. I like Alexander very much, he is a true Texan!"

  Abel shook his head, "We are us, they are them. George, my request is for the support of the Texas consortium. It's like supporting you as the owner of the White House, do you understand what I mean?"

  George is not really stupid, at most he just thinks a little slower.

  He knew what Abel meant, which was a little different from what he said just now.

  George originally meant that the bush family would also support Alexander in the House of Representatives election next year.

   But it is only the shrub family, coupled with the support of Smith's own strength.

  Abel's request is that the entire Texas consortium must support it except for the shrubs.

   This is naturally different in terms of strength.

  A shrub family, just in Texas, is absolutely inferior to the Texas consortium.

   "I understand." George nodded, "I will also tell my father this."

  George felt that Abel's last request might be the easiest to complete.

  Just let Alexander become a member of the House of Representatives.

   It's not about making him governor or senator.

  The difficulty of the former is for their group. As long as everyone is willing to work hard together, it is not difficult at all.

   Texas has a large population and can elect more than 30 members of the House of Representatives.

  The position is not too tight.

  The governor of the state and members of the House of Representatives are different.

  The governor of the state has only one governor and deputy governor, and both must be elected.

  The governor of Zhengzhou is the boss, and the deputy governor is also the speaker of the state assembly, with great power.

  Not to mention the senator, to some extent this position is more important than the governor.

  Fifty states, each state has only two senators.

   This is already the core interest of each state, and the group itself will fight to the death.

   is not something that can be traded.

  Abel just asked for a member of the House of Representatives, so George thought it should be possible.

  Abel also laughed and said, "That's easy. Ah, then I can also become a real Texan."

   Instead of being excluded by the Texas consortium, the Smith consortium formed an independent group.

  If this happens, there will already be a rudimentary Smith Consortium.

   It will be based on the existing media, energy, and finance.

   All of a sudden, there will be more military industry, which is an extremely important field in the United States and even in the world.

   At that time, as long as the Smith Consortium becomes stronger.

  The relationship between the Texas Consortium and the Smith Consortium.

   It will be like the relationship between Morgan and the DuPont consortium and the Cleveland consortium.

   After all, a consortium itself is not a company registered with the relevant department.

  Strictly speaking, it is actually a large group of capitalists and families united together.

   Everyone controls a large group of companies together, and these companies integrate resources in various aspects.

  It is just an interest group formed in the end.

   Divided into consortiums and groups. That is also because of complex factors such as geography, bloodline, industry, etc., and finally formed a behemoth.

  Like Morgan and Rockefeller, they are often compared. But in fact the two have already been half fused together.

  This can be seen from the appearance of Morgan Chase.

  Its predecessors were Manhattan Chase and Morgan Bank, among which Manhattan Chase Bank is one of the financial cores of the Rockefeller consortium.

  If it is the Texas consortium this time, it can really unite with Abel.

  That is equivalent to the Texas consortium, which can make up for their lack of finance at once.

   At the same time, he got the Smith Consortium, which has a wide network of contacts outside Texas.

  For example, in the future, Davis Brown and his group can interact with Buffett and the others as allies.

   And people like Buffett are equivalent to having a group of military-industrial complex allies at once.

  Adding Abel as a buffer in the middle is beneficial to both parties, and both parties will be happy.

  Smith Consortium can also make up for the lack of regional influence at once.

  Abel can be regarded as getting half of the admission ticket to enter the military industry!

   Again, using martial arts as a metaphor.

   is a martial arts master who was originally only good at internal strength and palm technique, and suddenly got half of the Dugu Nine Swords sword spectrum.

  After talking about the business, both Abel and George felt much more relaxed.

  At this time, night fell and the sky was full of stars.

   The Texas sky without pollution, even without the moon, is still very beautiful.

   It will be December tomorrow, and the two of them are still sitting on the pier next to the big lake at night.

  As the air-conditioning wind blew on the lake, George, who didn't wear enough clothes, yawned again and again.

   "Let's go back. Don't wait until you catch a cold."

  Abel also felt a little cold.

   But his physique is very good, this level just makes him feel cold. Unlike George, both looked like they had a cold.

   "Okay. Aqiu~Aqiu~" George sneezed two more times, and the two began to walk back.

   "How long is your vacation this time?"

   "Two weeks."

   "I really envy you. You can take such a long vacation."

   "Whatever vacation, I still have to work here. It's just a different office location."

   "Haha~ That's true."

   You can also work during vacations, so most of the owners of white houses in the United States will take more than 100 days of vacation.

  Back to the main building of the farm, it was already around nine o'clock in the evening.

  George went into the warm room and still kept sneezing.

   It looked like she really had a cold, which made Ms. Wales complain for a while.

  Abel was also shot.

   But he doesn't mind either, Ms. Wales's complaints can be regarded as her family.

   Even Abel estimated that Ms. Wales may have blamed herself in this way on purpose.

   This can also be regarded as a small means to draw closer to each other and make everyone more cordial.

  In psychology, this method also has a certain reputation.

  George looks like he really has a cold.

  In the accompanying team of the Grand Commander, a private doctor hired by the shrub family will appear immediately after being paid by the treasury.

  Amid the voice of Ms. Wales complaining about George, Abel laughed and left.

  He went to the room he was assigned here.

   Compared with the Smith Manor, which is more like a farmer's complex.

  George's Crawford Farm is a typical Texas luxury villa.

   The interior does not look like a farmer's building at all, and it is no different from the villas in the suburbs of Austin and Houston.

  His one is for vacation, and the one of the Smith family is a real farm.

  Back in the house, Abel took out his cell phone, which he spent two hours on the phone.

  In these two hours, he communicated with the company's internal senior management, such as Alan Baker, Robert Iger, Michael Lyle and others.

  I also communicated with the members of the Smith Consortium, like Buffett, Soros, Bloomberg and others.

  Abel revealed to them the possible alliance between the Smith Consortium and the Texas Consortium.

   It's a bottom line for them.

  If this is replaced by those serious big consortiums.

   involves this level of cooperation.

  It is absolutely impossible without a large gathering of consortium members for at least half a month.

   But now, the Smith Consortium is a nascent consortium.

  Scale Although the assets are already huge, the number of members is not so large.

  Other financial groups are composed of more than a dozen or even dozens of families.

  For the Smith Consortium, count Buffett and the others.

   Now there are only five families including Smith, Shrub, Buffett, Soros, and Bloomberg.

  PNC Financial Group does not count.

  It can only be regarded as a member of the company, and there are countless controlling families behind it.

  In fact, Buffett and the others are the same, but at least they have a surrogate family on the surface.

  No matter how you say it, Sullivanston is just a super worker.

  Because there are very few members in the consortium, the combined shares of the members are not more than one-third of Abel's.

  Smith Consortium is naturally Abel's voice, and everyone can only listen to what he says.

   What's more, the news he brought is good news for any member.

   He will only be happy when he hears it, and naturally there will be no objection.

  The dominant position in the consortium is what Abel has always insisted on.

   Otherwise, why did he go to such lengths to build this consortium?

   Is it not for profit in the end? For his benefit?

  Even the consortium itself, for him, the main role is to protect his own interests.

   For him, or should I say for all the consortium leader families.

  The consortium itself is actually just a group of allies created to maintain its own interests and compete for more interests.

  Whether it is the leading family or joining the family.

   Gather together to form a consortium, to put it bluntly, they are all the same as Abel.

  Everything is for profit.

  (end of this chapter)

Chapter end